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Updated over 1 year ago,

User Stats

16
Posts
14
Votes
Bryan Keller
14
Votes |
16
Posts

Property Management Or Self Management?

Bryan Keller
Posted

Hi friends, I would love to share my situation with you and hear your opinion from your experience.

I live in South Florida, 31 years old, I bought my first house about six months ago, four bedrooms and 2 bathrooms, too big for me of course but I want to put the property on AIRBNB.

My situation is,

I got a job offer in Colorado from the end of November to the middle of April.

The salary is almost double than the one in Florida. In addition, the company will take care of housing and a car for me, so my expenses there will be almost zero.

I am debating the offer,

On one hand, I love my life in South Florida, I'm near my friends and relatives, and living by the ocean makes me feel good.

In addition, I planned to put the property for the first time to AIRBNB, rent an apartment to myself and manage the property myself, an apartment for me would probably cost me around 2200$ a month.

I'm afraid if I'm in Colorado I won't be able to give the property enough attention that it deserves... So I'm thinking to put a property management there...

On the one hand, I'm thinking of maybe taking the job offer and sacrificing my warm winter for more money that could help me purchase another property,

On the other hand, I like living near the beach, and maybe money isn't everything in life? Plus, if I stay near my property I could self manage and make the extra money from the property.

What would you guys do?

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