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Should You Self-Manage Your Properties or Hire a Property Manager? With Tracie Fowler

In this amazing episode, I’m joined by Tracie Fowler, STR owner, consultant, and entrepreneur.

Tracie’s love for traveling and interacting with the locals of the places she visited led her to stay for extended periods in many short-term rentals in different places.

In 2015, while traveling to Thailand, Tracie met someone on a flight who had bought a beach house in Thailand, quit her W2, and was financing her living expenses through her short-term rental business. The idea inspired Tracie to own rental properties in the places she visited where she would stay part-time and also allow her to make extra income.

During our interview, Tracie shares her best hosting memories, details about her signature “pillow menu,” and also shares the amenities she includes in her properties. Additionally, Tracie talks about hiring a property manager vs. self-managing property and shares how her life has changed because of her STR business.  

Tune in!  

Timestamps for the key highlights in the episode

[02:20] Who is Tracie Fowler? What she does and where is she located

[04:34] What inspired Tracie to venture into STR business

[07:58] Tracie’s best hosting memory

[11:14] The pillow menu

[13:25] How she came up with the pillow menu idea

[15:23] The amenities she includes in her properties that the guests appreciate

[18:34] Should you self-manage or hire a property manager?

[20:42] Tracie’s podcast with her property manager; The STR Insiders Podcast

[22:59] How her life has changed because of the STR business

[27:51] The STR Central media; A central hub for all things short-term rental related.

 Investing, setting up, and managing STRs

[31:41] The lightning round:

●     Where is your favorite place to vacation?

●     What’s one place you’ve never been to that you want to visit?

●     What’s one thing you know now that you wished you knew when you started out in the short-term rental business?

●     What’s the best piece of advice you’ve ever been given?

●     What’s one thing and/or person that you are grateful for today?

[42:18] How to connect with Tracie Fowler

 Notable Quotes

●     The difference between winners and losers is winners don’t quit.”[42:37]

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 Let’s Connect!

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