Experience with Vodyssey - Full Service STR location & Setup?

Question

Does anyone have experience using Vodyssey and their services? We just sold our home and am looking to reinvest in an STR. I am interested in using Vodyssey to do our first STR in order to make sure I do not miss any details. They also have a service that helps locate, setup and market and manage your new STR. Does anyone have experience with them? Or can you recommend other companies that do something similar?

Any info would be greatly appreciated!!

Amber Stout · Answer

Agree with @Andrew Steffens - I'd recommend finding a local STR focused agent who knows the market and equally as important, a solid property manager. The right PM can make a HUGE difference in how your property performs, especially if you're investing out of state. They can provide valuable insight into rental demand, realistic revenue projections, and what types of properties perform best in that market. Have you narrowed down where you're looking to invest?

Kent Morgan · Answer

Congrats on the sale, Mayur. I haven't used Vodyssey myself, so I can't speak to them specifically. Whoever you look at for a done-for-you setup, these are the questions I'd ask before signing anything:

1. Who actually does each piece in the market? Get the names of the agent, the furnishing/design crew and the manager, and ask whether they're employees or subcontractors.

2. How do they get paid on the purchase? Referral fees from the agent or markups on furniture aren't automatically bad, but get it in writing so you know whose interest is behind each property they recommend.

3. Ask for revenue projections built from real comps (booked calendars of similar listings nearby), not just a top-line number. Then run the deal at a more conservative figure than theirs and see if it still works for you.

4. Read the management agreement on its own: cancellation notice, who keeps the listing and reviews if you leave, and what's included vs billed on top (cleaning, supplies, maintenance markups).

5. Ask for 2 or 3 owners who bought through them more than a year ago, and call them.

Splitting it the way Andrew and Amber described (local STR agent plus a local manager) gives you more control, but a bundled service can work if those answers hold up. Which markets are you looking at?

(Drafted with AI help.)

Andrew Steffens · Answer

I have not heard of them specifically, but beware. I have seen that model from other companies and usually does not work out well. My recommendation is pick some markets you like, and hire a local specialized STR realtor. You may be able to get one turnkey (I do this in Tampa, FL and most of my out of market investors prefer this). If you need furniture and design, the realtor should be able to recommend - or the PM. Next find a solid local medium sized property manager to manage it. This sounds like a lot and it is but I do this on a monthly basis for my clients so it does exist. Be leery of large nationwide companies that "do it all" - they are usually not licensed in most states and charge you a premium.

Experience with Vodyssey - Full Service STR location & Setup?

Experience with Vodyssey - Full Service STR location & Setup?

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