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Updated about 5 years ago, 11/06/2019
Managing a STR long distance... co host or self manage?
I have been doing STR for several years locally and out of state. My out of state STR does not cash flow after all utilities, hosting fees, PITI, and supplies. It basically breaks even. I do most of the communication with the guests. I use a co-host to help with any issues that might come up (rarely have had any issues) and to clean. I pay them a 15% fee plus a cleaning fee. For those of you who self manage out of state STRs do you use a cleaning service to help with co-hosting? How do you compensate them? Or, do you recommend having a co-host? If so how do you compensate them?
Thanks for your input!