Investor · The worst town to live in, KS · Member since 2016 · 4k+ posts · 4k+ votes
6y
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.
Rental Property Investor · Miami FL · Member since 2017 · 65 posts · 37 votes
6y
@Amy Canfield
I think it definitely depends on the average revenue per booking. If the average revenue is high than 30% is probably very high. 15-20% seems to be around market for local Str renters in the three markets we are in
Also I would pay the decorating as a flat fee one time and reimburse for supplies. Why pay that forever?
@mark miles I was skeptical at first too. 99/month seems like a lousy service. I started with just 1 property to test it out and it went well, so I brought on all of my other properties. Its increased my bottom line significantly
Truckee, CA · Member since 2020 · 34 posts · 10 votes
4y
@Marcello Di Gerlando - What was your experience like with Evolve and are you still using them? I'm evaluating bringing them on to manage an STR I'll be bringing online shortly.