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Updated over 2 years ago on . Most recent reply

Tina Chau's profile image
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Tina Chau
  • Member since Aug 17, 2020
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Tina Chau's profile image
Tina Chau's profile image
Tina Chau
  • Member since Aug 17, 2020
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Tina Chau
15
Votes |
31
Posts
Short-Term & Vacation Rental Discussions

How do I make my short term rental as passive as possible?

Tina Chau
Posted

Hi, I have about 5 short term rentals and I'm wondering how do I make them as passive as possible without having to pay a property manager 25%?  

Wilkes Barre Scranton, Pennsylvania
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Sergey A. Petrov's profile image
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Sergey A. Petrov
  • Real Estate Consultant
  • from Seattle, WA
  • Member since Jun 11, 2022
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Sergey A. Petrov's profile image
Sergey A. Petrov's profile image
Sergey A. Petrov
  • Real Estate Consultant
  • from Seattle, WA
  • Member since Jun 11, 2022
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Sergey A. Petrov
  • Real Estate Consultant
  • Seattle, WA
783
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Sergey A. Petrov
  • Real Estate Consultant
  • Seattle, WA
Replied

It is either passive or active. You either continue putting in the hours or pay someone for their hours. Anything in between fails. Nordstrom (high end) lives on, Wal-Mart (low end) lives on, JC Penney and Sears with their “in the middle” business model have failed 

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