Hi, looking to gain some knowledge

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Hi, looking to gain some knowledge

Jeremy Bily
New to Real Estate · lake lure, NC · Member since 2022 · 2 posts · 1 vote

Hi, I have a cabin in Lake Lure, NC that I want to do STR. This is my 1st venture. I would like some insight on good property management companies.

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  • Mitch Davidson
    Lender · Asheville, NC · Member since 2020 · 463 posts · 507 votes
    4y

    Hi @Jeremy Bily. I have only heard of bad ones for that market. If you hire one of them, you'll end up with far less gross revenue, and you'll then lose 25-30% of it to the PM. Perhaps self-managing won't be too terribly difficult once you get through the transition. 

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  • Jeremy Bily
    OP
    New to Real Estate · lake lure, NC · Member since 2022 · 2 posts · 1 vote
    4y

    Thanks for your input @ Mitch Davidson,   I am going to try to manage it myself now.  I know it is going to be a lot to take on, but know better time to learn than the present.

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