What are the STR management options?

[Chris Martin]

It seems like a lot of people in BP nation like to self-manage STRs. Nothing wrong with that, but for me no thanks. I have managed LTRs for decades and no longer want to manage anything. Maybe a fishing pole. I have no interest in being tethered to my phone/computer because I need to respond quickly to any inquiry or lose rank. [Rant edited out.] No thanks.

Here are the options as I see them:  

- co-manage/co-host with another local owner. This seems hit or miss (adds risk, potentially lots of risk?)

- hire a licensed local property management company (LPMC) who already manages a bunch of properties and realistically can book my place better than I can

I'm looking for more options because it seems like there should be more. Lots of recreational places, including where I'm looking, have repeat clients/customers year after year. With a LPMC I can tap into the LPMC customers right out of the gate. 

When you post, let me/us know if your chronological age plus your real estate experience is greater than 100 years like me. My guess is that if you could walk a mile in my shoes, you wouldn't have any questions.