But i guess in today's world where things are on line and investors are used to Internet communications this is much easier than those days.

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When an investor is happy with their returns and the communication/safety, ask if they’ve got friends or colleagues who might also be interested.

I essentially had set up my own PM company without being a PM: I had trusted handymen for maintenance issues, local contractors for bigger stuff, bookkeepers, and a part time "front desk" person that handled all communications with residents.

Some companies pay for them, others incentivize them.Transparency and communication aren’t optional in property management; they are the foundation of trust.As an owner, if you’re not hearing from your manager or waiting endlessly for distributions, that’s a red flag.To my fellow owners and investors: What’s your non-negotiable when choosing a property manager?

No attorney-client, fiduciary, or advisory relationship is created by this communication.

No attorney-client, fiduciary, or advisory relationship is created by this communication.

While I haven’t managed STRs in San Francisco specifically, in the Midwest I’ve seen out-of-state investors rely on local property managers or cohosts to handle day-to-day operations, guest communication, and compliance.

For minimal work and solid cash flow, I’d focus on markets with stable rental demand and landlord-friendly laws — some areas in the Southeast or Midwest can be great options compared to NY.Staying close helps with oversight, but if you have a good PM and clear communication, out-of-state deals can be very doable.

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