AirBnB Arbitrage with an established manager and property

[Rob Black]

My wife and I are about to close on a 4plex (2 - 2/2, 1-4/2, 1/1) that has an established AirBnB superhost managing the building.  We live in an area where AirBnb is very popular and the building is actually zoned for mixed use.  Wanted to know how other BP users have set up their business models that might be in similar situations.  Currently the management company is paying the old owners a flat rate plus profit sharing.  We are thinking about doing a percentage of total rents (vacation rental property managers typically get 20-30% in our area). Any thoughts of how to best maximize profits and create a win-win for ourselves and the management company?  

[Myka Artis]

@Rob Black Sounds like the PM company is arbitraging the units. You can continue with that model where he is renting out the unit and splitting profits with you so then you don't have to pay a huge percentage fee and you both make money. I'd personally create a STR PM company and automate it myself and you would be making a killing if you are in the San Diego market.