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Updated over 9 years ago on . Most recent reply

User Stats

260
Posts
210
Votes
Jack Tucker
  • Real Estate Investor, Flipper, PM, vacation rental, Wholesaler
  • Athens, GA
210
Votes |
260
Posts

Vacation rental property management - What's the going rates?

Jack Tucker
  • Real Estate Investor, Flipper, PM, vacation rental, Wholesaler
  • Athens, GA
Posted

So as far as Google can tell, there are not any vacation rental property managers in our area.  Because of the unique dynamics of a rental property, it takes a special skill set. 

We are in Athens Georgia.  Our current revenue from a condo is about $6k per month on 4 weekend reservations/month.  I understand that current "traditional" PM runs about 10% in our area.  HERE'S MY QUESTION:  What are the standard rates of VR PM?

Thanks in advance!

Most Popular Reply

User Stats

260
Posts
210
Votes
Jack Tucker
  • Real Estate Investor, Flipper, PM, vacation rental, Wholesaler
  • Athens, GA
210
Votes |
260
Posts
Jack Tucker
  • Real Estate Investor, Flipper, PM, vacation rental, Wholesaler
  • Athens, GA
Replied

Great feedback...

This constitutes an obvious unmet need in our market.  Number one, I already know that the vacation rental market rental is under served.  Number two, the VR PM skill set obviously doesn't exist yet.  This is an opportunity to get ahead of the curve.

So....

Since there doesn't seem to be any VR PMs around here, would anyone be willing to share a sample PM agreement that is specific to VR?  I have the conventional PM, but I'm sure the VR contract is a different animal.  Thanks again in advance!

Jack

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