How to rent unique, multi-acre properties

[Dan Trimble]

We have a single-family residence we own and have lived in for a number of years. Considering moving, but we have no interest in losing this property - it’s unique and a great investment asset all things considered.

I have no experience whatsoever with renting out a property. I’m inclined to hire a property management company, but still considering all options.

Problem is - the property is UNIQUE. It’s a larger house (3500 sqft. 5 bed), but is secluded, private, centrally located, and sits on nearly 3.3 acres of the East Bay Hills, with open space as far as the eye can see outside. I have yet to find another rental property for pricing comparison that isn’t an unfair apples to oranges comparison. How do you go about determining market rate? Are there property managers that specialize in these kinds of unusual properties?

[Bradley Buxton]

@Dan Trimble

A property can be rented, Long term (LTR), short term rental (STR) or mid-term rental (MTR). Have you considered renting it out for weddings as a wedding venue? There might be other uses such as horse rental properties, van lifers. Check with the county about permits and what is allowed. Keep in mind the maintenance of 3.3 acres especially with insurance and fire mitigation.