STR property mgmt fees

[Joe Provateare]

In the process of starting a STR that will also be a place my family uses throughout the year about 3 hours away from where we live in Iowa. Based on initial analysis I'm thinking I'll be trying for 20-40% occupancy with little issues. I'm not sure what to expect on property mgmt fees and if it's typical for someone to pay only when the property is being rented out or for entire month knowing you only plan to rent out 1-2 weeks a month. Property mgmt will be doing house cleaning as well. Does it make better sense to have a handyman rather than property mgmt. This will be first STR, so learning as I go.

[Leslie Anne Morris]

It depends on your goals. If you want to be a passive investor I would get a property manager