Updated over 4 years ago on . Most recent reply
STR property management fee
In your opinion, is 30% a reasonable fee to pay a property manager to do the following:
- Arrange for interior designer/furnishing property (actual expenses I have to pay)
- Promote/advertise rental and respond to all inquiries and manage bookings and provide guest reviews
- Arrange for cleaners and maintenance when needed. Lawn care and snow removal too.
- Provide all consumables (shampoo, toilet paper, soap, etc.)
Assume I am NOT interested in doing this myself to save money.
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#5 Short-Term & Vacation Rental Discussions Contributor
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- The worst town to live in, KS
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#5 Short-Term & Vacation Rental Discussions Contributor
- Investor
- The worst town to live in, KS
Take the 30% off your revenue and you are left with the profit you would probably make with a LTR.
If you're going to run a STR, you should be the PM. I've got 83 beds in 23 doors. The only person I pay is the plumber when he has to run a roto-rooter. The only reason I pay for this service is that I don't like feces on my hands. Running a roto-rooter is a shippy job.