How much will you take for managing an Airbnb?

[Dolev Zaharony]

Hello,

I have several Airbnb that I own and manage myself in the Raleigh, NC area. 

I was approached by a person who owns a great place for an Airbnb- a large cabin with a pool and pond on a 3-acre land with tons of potential. He is looking to move out of the place, turn it into an Airbnb and have me manage the whole thing. How much do you typically take for that out of the profit? The location is in Raleigh.

Thanks!

[John Underwood]

20 to 30%. I'd settle on 20%.

You might want to get insurance or at least get the person to add you to the property coverage in case you were specifically named in a law suit related to renting the property.