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Updated almost 6 years ago on . Most recent reply

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Michael Otoole
2
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24
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[Calc Review] Help me analyze this deal

Michael Otoole
Posted

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*This link comes directly from our calculators, based on information input by the member who posted.

Most Popular Reply

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40
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Ken Barton
  • Property Manager
  • propertyqueen.co
10
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40
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Ken Barton
  • Property Manager
  • propertyqueen.co
Replied

@Jonathan Bombaci

Just jumping in here real quick as I work with owners and prospective investors for AirBnb's on a daily basis.

Agree with Jonathan's 8-10% estimate on traditional property management, and I would say that market average for Vacation Rental Management is 20-35% across the board.

Depending on the services they provide, or if you go with one of the massive companies out there that sticks you with a ton of responsibilities like finding your own cleaners or the monthly Costco run for toilet paper and paper towels... I had seen rates as low as 15%.

Just be warned that as any traditional rental property can quickly become a full time job, AirBnb management can become so much more time consuming... Especially once you have 3+.

Happy to help or share my experience with anyone going down the Airbnb / VRBO route.

-Ken G. Barton

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