Anyone here manage STR for out of town owners in the Tallahassee area? 

If you decided to go a more diverse route by selling and investing elsewhere, You should look at doing a 1031 exchange.

Lastly, I would try and manage yourself if the coa takes care of everything outside, this will allow you a cushion in case something goes wrong.

Customers book and manage everything online and we use a property manager for Q&A and handsfree management.

People who say JV is bad do  not know how to structure  it and manage it and the exit strategy..

It is now 6/21/24 and I am still going back and forth with my property management about the security deposit and repairs.

Here are some steps to help you get started:Educate yourself: Learn as much as you can about real estate investing, including market analysis, property valuation, financing, and property management.

She'll be a partner and manager in the LLCs and could take on more of the searching, analyzing, PM managing as the portfolio builds.

Hello Jared Schott, regarding your situation, here are some considerations and options for managing the $280,000 gap: Second Mortgage: You can seek a second mortgage or home equity loan to cover the $280,000.

you will not want to take documents from anyone on line and will want an attorney to create docs for you which would range from $5-$10k.Regarding management fees, 1-2% is what those fees typically, are so even at $1M you are taking $10-$20k/yr in management fees, which probably does not get you super excited, but thats where they typically are.