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Updated over 4 years ago on . Most recent reply
STR in Sandbridge, Virginia Beach -- advice on PM
Hi, my wife and I are looking to buy a house in Sandbridge, to be used occasionally by our own families (2 or 3 weeks a year) and rented out as vacation rental when we don't use it. We don't live locally in Virginia Beach, so we will have to rely on Property Management companies. We have not had any experience in this STR market or in the VB area. The big names we found online -- Siebert Realty and Sandbridge Realty both have really bad reviews. Are there any smaller PM companies that do a better job? I am even willing to pay a higher fee in exchange for better cleaning and maintenance, so that the guests are happy and the property will stay in better condition.
Any advice is appreciated.
Most Popular Reply
@Cary McGuckin I was born and raised in VB and have considered a STR there too and the numbers never work well in the deals I've analyzed (even with the possibility of self managing). I'd be curious how the OP is calculating the numbers too.