All Forum Posts by: Chris Fowler

Thank you Michael Baum, that seems to be the consensus here is far. One side is recently updated (full Reno completed this year in March) I think I might start planning to do the other side now.

Andrea Cole, I have been considering this because it seems that SFH can command a higher per night rate, but I think most of that is based on how many people it sleeps. But like you say, your larger units see more wear and tear, and that is I haven't really considered as we would likely be doubling its occupancy if we were to do that. Also, like you say, smaller units are easier to manage which is probably best for me, being new to the management side of things. Thank you for your response.

Paul Sandhu and Geraldo Holter, Thank you for your input. I was thinking along the same lines that 2 nice units will beat one but am interested to see what others experiences has been. Because it seems that SFH can command a higher per night rate, granted I haven't done as much research on that as I should.

Lucas Carl

1)It is on Tybee Island, 10 miles east of Savannah, Georgia.  It is definitely a tourist town. Savannah brought in about 3 billion dollars from tourism last year, with approximately 14 million people visiting.  Those numbers are projected to increase over the next couple of years. Not sure exactly how much Tybee contributed to that number, but Tybee is more seasonal as it is a beach location.

2)Yes, both sides are STR.

3)I am averaging $4815.702 so far since starting in March, but am expecting some kind of decline as the season is coming to a close but not sure how much.

4) If it were a long term rental I think it would make anywhere from 3-4000 a month.

Hello all.  I own a duplex that I currently rent as a STVR.  I am considering converting it into a single family unit(it will remain a STVR).  What is your opinion on doing this.  Do you think it will be more profitable as a single family unit or as a duplex?

Hello all!  I am fairly new to the bigger pockets forum and real estate.  My family has owned a property on Tybee Island, Georgia that has been a long term rental for many years.  Last year, I did some renovations and decided to turn it into a STVR.  

I hired a property management company to take care of the property, thinking it would be a more secure way to recoup our renovation investment, since I have no experience managing properties.  After a year with this company, I have made the money  I invested back but havn’t been very pleased with the way they have managed the property.  So I want to try my hand at managing it myself but am struggling on how to start.

Should we start our own property management company? Can anyone lend some information on how to begin?

Is it necessary to start a property management company?