Short term rental management

[Tim Boeving]

Hello BP Community! I'm looking to purchase my first short term rental in an expensive market and was wondering about how many people are able to manage their own properties even potentially clean, fix them. I typically have enough time to do this myself but also value my free time with family. Curious if this would be advisable for the first one to help save some money and then maybe add management as money allows. It would be in a market that I would be able to drive to when needed. Thanks for any help

[Michael Alexander]

@Tim Boeving as your first STR property I think it would actually benefit you to run it yourself. There's going to be a learning curve but as you progress down the host road you'll learn what's needed to minimize your time needed on site. Hiring a high-quality cleaner will make a world of a difference. Most guests are low demand and will reach out for things you can address via text message. If all else fails you could add on a co-host but something tells me you'll be wildly successful doing this on your own.