Profit Margin Professional STR management

[Tanner Morrill]

Hey BP community! If you're a professional manager of short term rentals, can you please tell me what your profit margin in and how many units you manage, and are you paying wages to yourself or others? I'm starting a business but don't know what the profit margins should be exactly. Thanks! I'll be charging 20% on reservations & OTA service fees, but not on cleaning fees. 

[Paul Sandhu]

I've got 23 STRs with 83 beds.  Own them free and clear.  6 months of gross rent covers the purchase price.  It can take 6-12 calendar months to get 6 months of rent.  I've got a lady that does the cleaning for free, and I get to sleep with her.  But lately she's been taking whatever she wants from the rent money and gives me what's left.