A short transcript excerpt from a YouTube video (uploaded by Mark Simpson) in which two speakers discuss self-managing rental properties from a distance. One speaker explains they self-manage from ~2,000 miles away, that their spouse helps with day-to-day operations, and that they use a PMS, dynamic pricing, and virtual assistants to run the business.
You've got these, these properties. Do you self manage or do you use a management agent? How does it work and where do you advertise to get guests?
We do self manage is crazy, right? I self manage from 2000 miles away. My wife was able to retire from her W2 job, so she kind of helps manage that, the day to day operations. While I still go and work. I'm getting close to retirement here, hopefully soon here. But yeah, we have a PMS system, a dynamic pricing system, and now we've hired virtual assistants to kind of help us with the business.
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