This story is part of CNBC Make It’s Six-Figure Side Hustle series, where people with lucrative side hustles break down the routines and habits they’ve used to make money on top of their full-time jobs. Got a story to tell? Let us know! Email us at AskMakeIt@cnbc.com.
Steve Barsh didn’t set out to become a property manager. He just wanted to rent out his vacation home.
In 1999, three years after Barsh sold his software company SECA, he and his wife Amber Salzman bought a $820,000 three-bedroom condo in Old Town — a historic mining neighborhood in Park City, Utah — complete with a nearby ski lift up the nearly 7,000-foot mountain looming behind the building.
They stayed there on vacations, renting it out after they returned home to Philadelphia, Barsh says. After two years, Barsh — frustrated at coughing up 40% of the rental earnings to pay a local property manager — started managing the short-term rentals …