New Member Introductions

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Jeremy Bily
  • New to Real Estate
  • lake lure, nc
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Hi, looking to gain some knowledge

Jeremy Bily
  • New to Real Estate
  • lake lure, nc
Posted Jul 10 2022, 08:12

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.

Western NC, North Carolina

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Mitch Davidson
  • Lender
  • Asheville, NC
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Mitch Davidson
  • Lender
  • Asheville, NC
Replied Jul 11 2022, 11:23

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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2
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Jeremy Bily
  • New to Real Estate
  • lake lure, nc
1
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2
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Jeremy Bily
  • New to Real Estate
  • lake lure, nc
Replied Jul 11 2022, 11:45

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.