What Costs to Expect for Someone to Fully Manage My Airbnb

[Travis Rogers]

I live in Oregon and have a long term rental in Central Texas that I'm considering flipping over to Airbnb to generate some more income, and so that when I'm in Texas I can stay there, saving me money. It's a nice home in a great neighborhood and has a hot tub, community pool, etc. and it looks like it will rent well. I've met with some folks who want to manage it (take care of everything). How much should I expect to pay them? It long term rents around $2,100/mo, and they believe it will rent for $200/night, and generate $3k-$4k gross per month (we know we'll hit at least $3k and that's conservative). This would be the monthly average as I know this can fluctuate month to month. If I cover all capex and opex costs, what should I expect to pay them to fully manage? Is it a flat fee, percentage? Any suggestions would be welcome. I saw an old post on BP from 2 years ago. I'm wanting some current numbers with specifics of what is covered in the management. Thank you in advance for any advice! All the best in 2022!! #GOALS

[Bruce Lynn]

#1 if you are in a neighborhood with a community pool, does your HOA allow STR?

#2 What I see is about 30% fee, that's the tough part...if you hit $3000/month and loose 30% of that, you're back down to LTR rate...plus you probably have extra expenses, like furnishings, utilities, consumables, lawn care, hot tub. Do you think there are seasons for the STR?....so $4000/month 3 months in the summer and low demand winter or would it be steady all year round.