Self Managing Long Distant STR

[Matthew Sloan]

I want to hear everyone's experience with managing their own STR from 1000 miles away. I purchased a unit in the NW Florida panhandle and live in Texas. I hired a PM to manage because I just didn't see how I could do it myself and properly mitigate and manage risk without being able to inspect the unit, other than trusting the cleaning crew. The PM is going to eat up a lot of my profit and I see several comments to self manage. How are you successfully managing from a distance without being within travel distance?

[Isaac Moore]

I live in Phoenix AZ and manage a property in Mass.  Its just as easy as managing a local one as it is long distance.  I started out managing it all myself but quickly adopted a management service.  There are alot of servicers out there and have different competing rates.  I was lucky to find one that has a flat rate and I have been using them for 2 years.  Keep searching for one that fits your profit margin and you will do just fine.