Investor · San Antonio · Member since 2020 · 3k+ posts · 3k+ votes
Is there any hybrid models for short term rentals? I have serval single-family houses that would be a great location for short term rentals. The challenges if I paid 25% to a property manager paid all the utilities, the mortgage, and all the amenities that goes into this Then it appears that the only person that would make money is the property manager. I have multiple houses that I already own manage, but they are not short term rentals.
So my question is this... is there a hybrid model where someone else would manage my property without charging 25%?
@Joe S. The closest thing I have seen/done is use a company like Evolve who takes only 10% for managing bookings, payments, calendars, etc. and you handle everything after the guest checks in. I managed remotely (few hours drive) successfully for several years under that model, but to be honest, there is no reason you can't self manage if you have the right local resources and systems in place.