Hire a consultant for my new STR in outside of Cleveland?
I recently purchased a luxury rental property minutes from Lake Milton and Berlin Lake. This is my first STR even though I have been doing LTR for years. I understand how to create processes for LTRs however I would prefer to hire someone to help me put all the processes in place to create a smooth experience for my future tenants. I am likely going to have Evovle do that the marketing and booking but they don't really help with setting up the process for the house. I hope this is not against the TOS for Betterpockets. Thank you!
#1 Short-Term & Vacation Rental Discussions Contributor
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- Greer, SC
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#1 Short-Term & Vacation Rental Discussions Contributor
- Investor
- Greer, SC
I have not heard good things about Evolve. I would research them first.
#1 Short-Term & Vacation Rental Discussions Contributor
- Investor
- Greer, SC
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#1 Short-Term & Vacation Rental Discussions Contributor
- Investor
- Greer, SC
If I were going to hire a PM, I would hire a local one to the property.
Quote from @Luke Carl:
Read this book before you do anything! Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties https://a.co/d/2ToG7ac
What @Luke Carl said.
Quote from @John Underwood:
If I were going to hire a PM, I would hire a local one to the property.
Thanks I am building a local PM team to manage the property. What I am looking for is an experienced Host who can check out the property and put in place the complete check in and check out processes. What information to provide guests, and what amenities I should provide. It is a very unique property and I am not ashamed to admit that I am not an expert on hospitality which is why I am happy to hire someone who is.
Quote from @Luke Carl:
Read this book before you do anything! Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties https://a.co/d/2ToG7ac
Thanks I will.
Hey @Brian B.!
Evolve is an extremely generic PM company that gets most people because of their low fee. All of their employees are outsourced as well so if you are looking to use them I would not expect your property to be kept at the standard you would like it to be at.
My best advice would be to keep researching for more PM companies that are in your area and find which one seems to be the most local as they usually will put the most dedication/focus into their work for you since that area is their breeding ground. Another piece of advice I would recommend you take action on is finding an investor-friendly agent in the area you are looking. Some agents may actually work for a PM company or even know of several of them that are much better than the generic PM companies you will hear of. They can also give you resources of other investors in the area who may be able to help you in your current situation.
Otherwise, if you ever need any help with anything please don't hesitate to reach out!
All the best,
Josh
-
Real Estate Agent Pennsylvania (#RS364365 )
- 484-986-5012
- [email protected]
Quote from @Luke Carl:
Read this book before you do anything! Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties https://a.co/d/2ToG7ac
I just placed my order on Amazon! Can't wait to read it as I heard Avery on BP.
Quote from @Joshua Messinger:
Hey @Brian B.!
Evolve is an extremely generic PM company that gets most people because of their low fee. All of their employees are outsourced as well so if you are looking to use them I would not expect your property to be kept at the standard you would like it to be at.
My best advice would be to keep researching for more PM companies that are in your area and find which one seems to be the most local as they usually will put the most dedication/focus into their work for you since that area is their breeding ground. Another piece of advice I would recommend you take action on is finding an investor-friendly agent in the area you are looking. Some agents may actually work for a PM company or even know of several of them that are much better than the generic PM companies you will hear of. They can also give you resources of other investors in the area who may be able to help you in your current situation.
Otherwise, if you ever need any help with anything please don't hesitate to reach out!
All the best,
Josh
Hey Joshua, thanks for the info on Evolve. I have read mixed opinions on them. My initial thought was to use them for marketing and booking only. But I am using my own team of people on the ground housekeeping, maintenance etc. What specifically do you not think evolve will do well? I have no strong feelings either way.
Have you heard about Nursesbnb? They rent to healthcare professionals across the country. They provide the process the lease agreement and everything when you list with them. Its easy and free to list