STR Self Managers - What's Your Monthly Mgmt Costs?

[Anthony R.]

Hi All,

Things are moving forward with getting my STR up and running by end of next month. I'm still on the fence about self-managing remotely vs a local PM company. Those of you who self-manage remotely, have you ever done a breakdown of your monthly costs? Based on what I've read here and elsewhere, below is my (educated?) guess for what it would cost me per month to self manage.

50 Guesty/OwnerRez/Whatever
50 For miscellaneous I might be missing on this list
30 Detergent & cleaners
20 PriceLabs - Dynamic Pricing
20 Linens
10 Trash bags
Total: $180/mo | $2160/yr

My 1bd/1ba is not going to be bringing in beaucoup bucks, just based on its size. At my best projections, the difference between self-managing and outsourcing responsibilities to a PM is less than $3k. It'd be nice to have ~$3k in my pocket, but at my price-point maybe that's a "convenience fee" to myself for getting to be hands-off?

Thoughts? Thanks again--ya'll are amazing!
P.S.: Mrs R is not too keen on getting into the PM biz, which I totally understand; she is busy with a lot of other things.