Updated about 2 years ago on . Most recent reply
Commission for all-in-one Property Manager under broker
Hello! I’m an experienced property manager/licensed real estate agent trying to develop a proposal for my management fees for starting an STR branch for a big name agency. I’m bringing a portfolio of STR clients with me and am an experienced property manager ready with all the channel management software and integrations running and wrenches already worked out, ready to build new listings and find clients for this agency. They have the accounting and marketing systems in place to make this a big success in a relatively untapped market. I’m thinking my split on a 20% fee of owner’s STR rental income would be 75% + a finder’s fee for new clients of $1000 or 1% of first year’s 20% rental fee (whichever is greater) + 90% of the $1500 listing setup fee which covers all the work of creating the listing, coordinating the photography, on-boarding to channel management and dynamic pricing software + referral fees on rental properties that go to list. Am I in the right ballpark? Suggestions are greatly appreciated!
Most Popular Reply
If you have a portfolio of STR owner clients, why aren't you starting your own company instead of going under a big name agency? Homeowners are leaving companies like that in droves and you may be just as successful on your own.