Originally posted by @Megha Agarwal:
We just bought a property in Lake Harmony and were wondering what would be the best way to manage the property for STR. We are a 2 hour drive away from Lake Harmony.
1) Is it worth hiring a property manager? If so, any recommendations?
2) If we decide to self manage, what are the things we need to do / what team of people we need to hire?
Any views would be much appreciated!
Congrats on buying your first STR! So exciting :D I am also about a 2 hour drive from my rental in the Poconos and I self manage. I've put in all the systems to make managing it from afar a breeze. I usually head to the house once a quarter to check up on things and fix anything that might need to be repaired (and of course have some fun up there). Like the others have said, you'll want to integrate some software to help you manage your listing.
If you like some more information on managing, I started a concierge service there in the Poconos. I have a team in place that can help managing your rental very easy. Even if you didn't want us to help you manage it, I would gladly help with some pointers :)