New to STR and Self Management

New to STR and Self Management

Member since 2022 · 3 posts · 0 votes

Hello! First post on Bigger Pockets:) My husband and I will be closing on our first STR in about 3 weeks!!! It's located in Sevierville, which is about 4 hours away from our home. We hope to have the property set up on the weekend that we close. Two questions, when do hosts typically make their listing live? And do you recommend any specific calendar integration/ automated messaging systems? We are going to self-manage and have looked into guesty a bit but it seems like there are several options. Thanks in advance for any advice you can share!

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Real Estate Investor · Saint Paul, MN · Member since 2017 · 543 posts · 474 votes
3y

@Eliott Elias You will get those calls, certainly. But if you get a good handyman and cleaner, and do a good job prepping your cabin, it’s not bad at all. Depends on what your time is worth. For me, the $100k of so I save by self managing is worth 5-6 hours a week. Different for everyone.

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  • Investor · Greenville, SC · Member since 2015 · 1k+ posts · 1k+ votes
    3y

    Depending on where you are located in that market, you will most likely get the lion's share of business from VRBO.  All of my cabins in that market with the exception of the one I have in Wears Valley get 80% or more of the bookings from VRBO.  This seems to hold true for most of the owners I know in that market as well.

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