Kentucky Lake Resort

[Jessica OLeary]

Looking at a few turn key properties in the KY Lake area. It’s a resort community where the resort handles everything, so I’m not concerned about regulations. Reviews are great on Google/TripAdvisor and it doesn’t seem properties are listed anywhere on VRBO/AirBnB. Going to stay there next weekend for the “guest” experience. What are some things we should ask the management company besides rental history for the specific units and their fees? Any down sides to a somewhat turn key property that you can think of?

[John Underwood]

I would want to know how much of your gross profits and extra fees they are taking in. It has a huge hit to your bottom line.

You see some of these fees when you book. Look for hidden fees such as an admin fee etc. These can make you non competitive compared to another property.

Then the obvious how much of gross income are they skimming right off the tip? More than 20% and look into self managing.