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Clint Cook
  • Real Estate Investor
  • American Fork, UT
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18
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Property Managment Fees for Vacation Rentals

Clint Cook
  • Real Estate Investor
  • American Fork, UT
Posted Apr 16 2014, 14:56

I'm a newbie, who is looking to start with a buy and hold of vacation rentals. Being my first time, I've got a ton of things to figure out. One of them is property management fees. Property management fees seems to be around 10% of the rent for traditional homes and condos, but I haven't found a good number for management fees of vacation properties.

I was looking at a property management company's website, who happens to manage several condos in a development I'm interested in. They had a spreadsheet for potential investors. One of the things that surprised me was their management fees was 25% - 40% of rent depending on the size of the unit.

I'm not surprised that vacation rental management is higher, but are those rates typical? If not what is the typical management cost of a vacation rental?

Thanks

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