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Updated about 1 year ago on . Most recent reply

User Stats

9
Posts
8
Votes
Adhirai M.
  • New to Real Estate
  • Seattle, WA
8
Votes |
9
Posts

Self managing STRs from long distance

Adhirai M.
  • New to Real Estate
  • Seattle, WA
Posted

Hello all, I am looking to invest in STRs out of state (from West Coast to East Coast). My biggest concern / worry is how to self-manage the property, considering that I am brand new and I have no experience in any sort of real estate niche. I want to hire a property manager but the 20-30% fee messes with my numbers. 

I've read other forum posts and looks like most people successfully self-manage from out of state. My main question - What happens if there is an urgent issue with property and my handy man is not available to get there immediately? Also both my husband and I work full time jobs and we have a toddler who keeps us occupied as well. 

I really don't want my venture into short-term rentals and real estate investment to turn sour. Please advice how you all successfully self manage STRs from long distance.

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