Self Managing Long Distant STR
I want to hear everyone's experience with managing their own STR from 1000 miles away. I purchased a unit in the NW Florida panhandle and live in Texas. I hired a PM to manage because I just didn't see how I could do it myself and properly mitigate and manage risk without being able to inspect the unit, other than trusting the cleaning crew. The PM is going to eat up a lot of my profit and I see several comments to self manage. How are you successfully managing from a distance without being within travel distance?
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I live in Phoenix AZ and manage a property in Mass. Its just as easy as managing a local one as it is long distance. I started out managing it all myself but quickly adopted a management service. There are alot of servicers out there and have different competing rates. I was lucky to find one that has a flat rate and I have been using them for 2 years. Keep searching for one that fits your profit margin and you will do just fine.