Short-Term & Vacation Rental Discussions

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Curt Bixel
  • Rental Property Investor
  • Columbus OH (columbus, oh)
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Management percentage and structure for STR

Curt Bixel
  • Rental Property Investor
  • Columbus OH (columbus, oh)
Posted Jun 24 2022, 12:23

I am curious what the going rate is for management of an STR in Columbus.

I imagine it is in the range of 20 - 30% of gross rents with the owner paying for some of the utilities and perhaps the WiFi.  

Can anyone shed some light on this?

Columbus, Ohio

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Dave Stokley
  • Rental Property Investor
  • Cleveland, OH
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Dave Stokley
  • Rental Property Investor
  • Cleveland, OH
Replied Jun 24 2022, 12:31

We’re in Cleveland and charge 25%, which is the going rate here. Owner pays all operating expenses (utilities, lawn care, snow removal, supplies) and maintenance. 

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Curt Bixel
  • Rental Property Investor
  • Columbus OH (columbus, oh)
56
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131
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Curt Bixel
  • Rental Property Investor
  • Columbus OH (columbus, oh)
Replied Jun 24 2022, 12:55

Is this just a straight 25% of gross rent paid by the guests or are their any deductions before the 25% is calculated?

excise tax? 

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Dave Stokley
  • Rental Property Investor
  • Cleveland, OH
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Dave Stokley
  • Rental Property Investor
  • Cleveland, OH
Replied Jun 24 2022, 13:19
Quote from @Curt Bixel:

Is this just a straight 25% of gross rent paid by the guests or are their any deductions before the 25% is calculated?

excise tax? 


 25% of gross rent before any deductions. Assuming excise tax refers to local bed taxes imposed by the city and county, it is billed to guests as an additional charge so not an additional expense for the owner.