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Updated over 2 years ago,
Using PMI as a Property Manager for STR
Hello Bigger Pockets!
I just purchased a vacation property that I will be offsetting the cost with some short term/weekly rentals. I have started working with PMI as a property manager but starting to find out there are a lot more "fees" than were initially described. Initially I was told 20%, plus 10% of repair calls but finding out there are a lot of additional tack ons, including $150 monthly management fee, $895 startup fee, and $150 monthly reserve. Of course no one works for free but has anyone had experience with them as a property manager? What else should I expect?