Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Managing Your Property
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 2 years ago on . Most recent reply

User Stats

35
Posts
49
Votes
Craig T.
  • Rental Property Investor
  • Seattle, WA
49
Votes |
35
Posts

Property Manager or STR Arbitrage

Craig T.
  • Rental Property Investor
  • Seattle, WA
Posted

Hi! I am a self managing landlord in San Diego who is floating the idea either finding a long term property management company or leasing it to someone who wants to do a STR arbitrage.

If anyone has experience as the landlord in STR arbitrage would you mind telling me about your experience pros and cons? Also, if you have someone in San Diego who does STR arbitrage and has experience send them my way! Also seeking a great long term property manager company to use if you have one.

Thanks in advance for any insight! This is also my brothers account, if you want to connect with me faster, I am on Instagram: andrewbtom 

Most Popular Reply

User Stats

30
Posts
20
Votes
Mauricio Salom
  • Homeowner
  • San Diego, CA
20
Votes |
30
Posts
Mauricio Salom
  • Homeowner
  • San Diego, CA
Replied

Hello @Craig T. my wife and I have talked about this a few times and we have come to the conclusion that unless your property is located near down town, costal, or a unique property where you can charge a premium then long term beats STR. I own 2 STR that are not in any of those locations and we do fine (80-90% occupancy ) but only because we self manage and handle all of the cleaning and maintenance. I ran the numbers and if I had to pay management fees, cleaning, handyman my cashflow would be gone negative even . Another factor in San Diego is the rising cost of energy this month alone my utility bill has doubled normally $500-$600 to $1000 and I cant go and ask my guest to turn off the AC when they are not home lol. Long term tenants would be responsible for their own utilities. Hope this helps.

Loading replies...