Seeking Advice on Managing Out-of-State MTR Properties

[Gregory Murphy]

Hello BP,

I currently own and self-manage two long-term rental properties in different states. Recently, I’ve been seriously considering acquiring a property for short-term rental (MTR) purposes in the Kansas City Metro area. Given my background with managing out-of-state properties, I’m confident that I can apply my skills to the MTR space, but I wanted to reach out to the forums to gather insights from anyone who manages an MTR property out of state.

While I don’t foresee significant hurdles with managing an MTR remotely—provided I have the right local connections and a solid team in place (which I do)—I’m always open to learning more from others who have navigated this path.

If you’re an out-of-state MTR investor or have experience with remote property management, I would love to hear about any tips, strategies, or lessons learned that you can share. Whether it’s about streamlining operations, managing guest communication, or local regulations, any advice would be greatly appreciated!

Thank you in advance for your time and insights.