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Updated over 4 years ago,
Vacation Rental Newbie
We are in the process of getting a vacation rental 2.5 hours from us in Groveland, CA, near Yosemite National Park in a gated community with a lake and a golf course. House purchase price is 240k, 3 bedroom, 2.5 bath, 1520 square feet with a very large deck for outdoor dining, lounging, fire pit, and grilling. I have made a list of furnishings for about 12k. Plan is to sleep 10 - 2 king beds, one queen + bunk bed in 3rd bedroom, and then queen sleeper sofa in game room. Based on my analysis of the area, and comparable houses, I think we can make at least 26k gross a year. I'm super busy and can't do the management, so I have been debating between Evolve and a local management company (25% cut). I cannot self manage at this time, maybe in the future. I've read all the threads on Evolve. Any advice?