Updated 16 days ago on . Most recent reply
Buying first mtr 10 minutes from new deer valley resort
I could use any advice on setting up this house for rent as I will be driving out there for a month to get the place updated. Do I need a PM for medium term rentals? Kis a pm worth having?
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#3 Medium-Term Rentals Contributor
- Property Manager
- Los Angeles, CA
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#3 Medium-Term Rentals Contributor
- Property Manager
- Los Angeles, CA
Hey Joshua, short answer is, it depends! I know many investors who self-manage their MTRs out of state. The most important thing you need for that is a great cleaner who is also willing to do non-cleaning tasks for you when needed.
I think it makes the most sense to hire a PM when you want to buy back your time and spend your time doing something more valuable than self-managing or simply having the freedom to pursue something else that matters to you.
It can also make sense if you don't want to spend the necessary time to educate yourself on how to self-manage the right way. Essentially, you will be paying a PM to save you time as well as for their expertise.