Not sure if many people here go step by step through their process of acquiring and setting up their STR or any rentals for that matter. I am new to STR but my wife and I are under contract expecting to close end of next month. We are buying on the Oregon Coast a small place overlooking Tillamook Bay and a short walk/drive to the beach.
I have so many questions and thing on my to do list I was searching the forums for a step by step, maybe there is one and y'all can post a link, however I am going to work to post the process we go through as we complete our purchase, stage the home, buy supplies, set up our systems. I have been reading for months on how many of you do it and appreciate all the insights.
There are many post about setting up a vacation rental including lists of items needed, importance of great pictures and descriptions etc.
There are many posts about setting up a vacation rental including a lists of items needed, importance of great pictures and descriptions etc.
Gratz on the new place. We almost bought in Lincoln City but flood insurance was nutz so we passed.
The first thing you really need to do is get a good cleaner ready to go and find a handyperson that will be your on-call for repairs. The cleaner is the most important part of your setup. Unless you are planning on driving down and doing it yourself. It is only 1.5 hours give or take. :)
Tell us more about the house. How big? Post a pic of the views of the bay! Is it furnished or do you have to start from scratch? What kind of guests are you hoping to get?
The house is just about 900 sqft. One bedroom which is really a loft style room. Fairly simple small kitchen 1 bath. It also sits 3 stories tall, garage then main then loft.
We are excited and I will likely handle most work on the place but I will be looking for a handy person that’s close to prevent as many emergency trips as possible.
Here is the view from the Balcony Deck outside the bedroom.
This is technically in Rockaway Beach. But the house sits on the Jetty just down the street from Garibaldi.
As I understand the rules and regulations I have to file a permit with Tillamook County, and have an inspection prior to listing. There are a few other regulations but from what I've read and the conversations I have had Rockaway and Tillamook are not currently limiting STR supply like Lincoln City or even Pacific City.
@Jonathan Stone , I took the plunge last year - mountain cabin about 3 hours from Portland. I could do a step-by-step from memory, but would probably only capture ~80% of what I actually ended up needing to do, and as others have said, I'd find one of the many detailed checklists I've seen floating around on this forum.
One of the things I've learned a lot about is finding local vendors - cleaners; handymen; etc... Our cabin is in a rural location, and it was really tough to find good vendors, especially since many of them don't list on google. Here are a few things I've learned.
Run the rental as if you were in another state. You won't keep it long-term if you need to run there urgently, even if only a couple times a year. Which means you'll need a couple vendors in each area.
- Ask the selling realtor if they have any references. They sell a lot of investment properties and know the area
- Check referrals
- Confirm they're licensed and will pay taxes, allowing you to write those expenses off.
- Confirm they can do same-day turnarounds. Sole proprietors with no staff usually won't commit to this, nor should they.
- Ask if they have their own supplies or need you to provide them
- Ask if they'd be willing to pick up supplies occasionally and drop them off at the property when you're short on something. Most won't do this for you ALL the time, but can be nice if you run short and won't get out there for a while.
- (For Handyman)
- Ask a lot of plumbing questions, as abut 90% of your urgent needs will fit into this category
- Ask about 24 hour support if a pipe breaks
Thanks for the feedback. I will be sure to get out plumbing as a major contributor to how I select a handyman. Also I'll change up my searches to look for STR checklists and hopefully find these threads y'all are talking about.