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Updated over 1 year ago on . Most recent reply

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Cole O'Dell
4
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11
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STR in Broken Bow Oklahoma - Connections and Strategies

Cole O'Dell
Posted

I am in the process of purchasing my first STR in Broken Bow, OK. I have looked into the property management companies in the area and they charge around 30% of gross revenue, plus additional fees, which is a terribly large pill to swallow. What are recommendations on managing a property remotely and how to make sure your guests are best taken care of as quickly as possible?

In addition to this, I am looking to expand my network in the area, so if anyone has the contact info of reputable handymen, plumbers, cleaning services, etc. in the area, that would be greatly appreciated!

Most Popular Reply

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285
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Marshall Leipprandt
  • Real Estate Agent
  • Miramar Beach, FL
245
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285
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Marshall Leipprandt
  • Real Estate Agent
  • Miramar Beach, FL
Replied

@Cole O'Dell I currently manage two properties remotely. Don't pay someone 30%, that's absurd. It is totally doable yourself, but you do need a few things. Here's a quick list:

-Trustworthy cleaner, reliable handyman, a vendor for everything that can wrong (and will), a local contact if possible for emergencies (although it looks like you're 4 hours away so could trek over occasionally for an eyes on), good systems to manage the property (IGMS, PriceLabs, Hostfully are all tools I use), and the time and motivation to ensure you respond to guests quickly and provide a seamless experience. 

Some other things that might help: programmable keypad locks for remote entry (I use Schlage locks), HVAC system that has an app where you can control temperature when no guests are there, and reliable internet. There are many others but this is a quick useful list.

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