Potential STR Management

[Cole Meier-Hollenback]

Hello Everyone! 

I have a client that is asking me to manage a short term rental for them and i wanted to get some insight from anyone thats managing an STR currently as I have no experience in this field. I am interested in doing it because I want to own my own STRs one day and think it would be a good window to see if its something I can see myself doing. I have cleaning services and handymen/contractors and live near the property.

Do you need insurance to manage one property? Is the Airbnb/VRBO insurance enough coverage on its own? 

What do you use for booking-keeping?  Do you do it yourself? (Quickbooks??) 

Are there any expenses outside the usual that I should be aware of? 

Any softwares you would recommend? 

I know there is a lot here and I may have not covered it all but any feedback and suggestions are greatly appreciated!!