STR property mgmt charge

[Joe Provateare]

Have an STR that is going to be roughly 3 hours away in Iowa that will be both a vacation spot for my family and various STR guests. Trying to set up my team to help manage the property as I'm expecting roughly 20-50% occupancy based on analysis and my family needs.

Have contacted a property mgmt group local to the area that could help with cleaning and turnover for stays as well as other needs or issues that arise while guests are visiting.

Trying to understand what I should be expecting for property mgmt fees if they'd really only be on tap when rented out roughly 1-2 weeks a month. I expect a cleaning rate, but not sure if I'm better off getting a handyman to be on call and just pay when needed. Thanks for the input

[Lien Vuong]

20-30% is market rate for PM fees for STR. If you're not renting it out too much and have already connected with potential staff it might be better if you did Evolve Management which charges 10% and is a more hybrid model for management.