All Forum Posts by: Casey Dye

@Luke Carl I can definitely see your point as we’ve been quoted 20% for management fees.  Unfortunately I’m not local to the area and my understanding is that I need someone local to be available for any problems or issues.  For this reason, I didn’t think I could get away with not having a management company.

Thank you everyone for the replies.  @Jon Crosby you used a term that is perfect for my concern: high average cost to acquire vs net revenue.

For example, on an $800,000 property, we'd have a $640K mortgage, plus management fees, landscaping expenses and maintenance. I'm wondering if that is feasible to do or too risky?? According to data from AirDNA on potential STR income we should be okay, but having never owned a short term rental, I'm not sure how heavily I should rely on this data for making a decision.

Hello, I am new to Bigger Pockets and am already learning so much.  I would love to hear the experiences of anyone who has purchased a property with 20% down and then used it as a short term rental investment property.  Were you able to clear the cost of your mortgage and expenses (utilities, management fees, landscaping, etc)?  Or were you in the negative every month?  

We’ve been looking at the Scottsdale market in particular, but I am wary of the data I’m seeing on AirDNA in terms of potential rental income.  This would be our first investment property and I’m trying to have eyes wide open going into it.

I appreciate any insight, experiences or advice.  Thank you!