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Updated almost 7 years ago,
Investing in a vacation rental out of state?
Hi there BPers!
I've been tinkering with the idea of purchasing a duplex and using both sides as a vacation rental. I do have some logistical concerns and would love to hear from anyone else who has purchased a vacation rental out of state.
1. If you're investing out of state but still need to furnish the properties, how do you go about doing that? Do you hire a interior designer then have them purchase everything? Who will receive the items and put everything in place? Would I need to fly out or hire someone?
2. On going maintenance, since there won't be a "PM" but rather a Airbnb manager, how do you make sure the property is maintained on a consistent basis? Do you schedule annual inspections and fix it then?
Those are the main questions, I'm probably missing something but if anyone else here has experience and is willing to chat, I'll offer you a gift card to your vendor of choice.
Thank you!