Management fees for MTR

[Evan Kline]

My wife and own some MTR's in the Winston Salem area. We've had a lot of success and I got my RE license to help with our own investment and also help others replicate what we've done in Winston Salem. 

I've had a good number of people reach out and ask if we can manage MTR's for them. What are good management fee structures you've seen in the MTR world? Splitting the difference between a LTR management fee (10%) and STR fee (20-30%)? Charging 10% with an additional fee for turnovers? Curious to hear what's been working well for others, whether you manage yourself or have your properties managed by others.

[Patrick O'Shea]

I manage myself in Pittsburgh, PA. After setup, my effort is really low. I use turno.com (formerly turnoverBnB) and cleaners accept jobs based on my Airbnb calendar. I don't accept rentals short of 30 days and most guests stay 3-6 months.