All Forum Posts by: Karah Kramer

A lot of management companies set up their contracts so it is as difficult and expensive as possible to leave them. You want a manager that you stay with because you're happy with the job they're doing, not one that you stay with because it's too much of an expensive PITA to leave them.

Thanks for this - lots of good info here for us to consider as we think about what PM company we might use.

0 Votes

Orlando, Florida

My husband and I are looking to buy in the Disney area (currently looking at Windsor Hills, Championsgate, Solara etc.), and noticed that many of the listings say that existing bookings convey, if we stay with the existing management company. I'm curious what happens if we wanted to change management companies:

a. Does the existing management company get first dibs to try and rebook those guests to other properties they manage? Or do we get a chance to try and retain the bookings? What's the experience for guests?

b. Has anyone heard of successfully "buying out" the current PM company? I.e. assuming $50K in bookings, that would be +/- $12.5K in commissions. I'm wondering if there are options to buy that PM out to keep the bookings with the house.

We're not opposed to talking to the existing PM, particularly since it would be smooth to keep the existing relationship in place, but we don't want to be locked in.

Thanks,

Karah

0 Votes

Orlando, Florida

All Forum Posts by: Karah Kramer

Karah Kramer has started 1 posts and replied 2 times.

Post: Buy a Disney area STR with existing bookings

Post: Buy a Disney area STR with existing bookings