First vacation rental- property manager advice
Looking at buying first investment property. Houses and location narrowed down. It is a couple hours from my house so need property manager. Is it weird to call a couple and give them brief description of house and location and get rough numbers. Can I give them address?
Thanks
Most Popular Reply
If you've got location and property narrowed down but don't know your rough numbers, it's not an investment. It's fine to buy a vacation home/future retirement spot and put it to work in the meantime, but be clear-eyed about what you're doing.
I think it'd be fine to call a couple of PMs and tell them what you're looking at and ask their opinion - they may even be able to help you pick the most viable option for revenue.
A lot of us self-manage our properties, which for most of us are long-distance - it's not difficult and if you want to maximize revenue, it's definitely what you want to do. But if you want a hands-off experience and to just help offset the costs of this new property, talk to the local PMs and see who will be right for you.