Property Management Company

[Kristina Bayes]

My husband and I are thinking about purchasing a vacation property in the Orlando area. We intend to rent this out now and use it as a winter home when we retire. We prefer to be in the Disney area. I figure that we will need to use a property management company to run the unit because we live in Ohio. Do you have any management companies that you would recommend? We would like to use it as a STR but will do long term if needed.

Thanks!

[Ken Boone]

Well just because you live in Ohio is not the reason to use a property mgmt company.  We live in SC and manage STRs in TN.   The property mgmt company is going to take a large chunk out of your revenue.  Now the reason to use a property mgmt company is because you don't want to fool with managing it yourself, or the income is not your greatest concern in the deal which are valid reasons.  Plenty of folks on this forum manage their STRs remotely using services like VRBO and AirBnb and others.  Scout this forum and you will find a ton of info from people doing this.  There is an initial learning curve but the folks on this forum will be glad to help you out.  Just some food for thought.