Newbie evaluating properties

[Lance Campbell]

Looking at purchasing my first STR property. When I ask for past years profit generated from rental I was given gross rentals for the year. Just so I'm sure gross rentals is going to be the total on the year not necessarily profit correct?

[Luke Carl]

Originally posted by @Lance Campbell:

@Luke Carl appreciate the advice! Turns out it was owner rented. This property is in Miramar beach FL , I live in Tennessee, with it being my first vacation property would the smart thing be to use a management / leasing company. There is already one on cite.

Nope. You don’t want to do that. You will lose money. You’ve got to do it yourself. I’m in Miramar right now. You can trust me.