Investor · Wilmington, NC · Member since 2022 · 21 posts · 6 votes
How much time do you spend self-managing your short-term rental? Weighing the pros and cons of LTR vs STR in my market. Yes, STRs appear to have better cashflow, but unsure of the time commitment needed. My wife and I have five teenagers at home.
The time is very minimal. I self manage my LTR's and provided you maintain your properties, I get very few LTR rental calls. STR is more work, but once things are in place; cleaners and handyman it's only responding to inquiries. I use instant booking which reduces time. You have to keep up on supplies. I would say if I spend more than 30 minutes a week that would be a lot of time. I am an out of state STR (Beach Town). The revenue compared to LTR is incredible.
Where are you looking to invest in STRs? I am right up the road from you and have a few STRs up here in Surf City, NC. I would be happy to grab a coffee and talk about my experiences self managing STRs vs hiring a property manager.