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Updated almost 2 years ago, 03/14/2023
Looking to start an STR management company
Have you ever had a negative experience with a big national short-term rental (STR) management company? I certainly have. In my case, the large manager was priced well at 10% but the services rendered were almost non-existent. Meanwhile, the local management companies were charging 35% leaving no profit! As a result, I've decided to start my own STR management company, and I'm interested in hearing from other investors about what they value most in a management company.
If you've worked with a management company in the past, what were the most important factors that influenced your decision to partner with them? Whether it was their communication, pricing, attention to detail, or something else entirely, I would love to hear your thoughts in the comments below. By working together and sharing our experiences, we can help create a better future for STR investors and guests alike.