Purchased a STR with future bookings on AirBNB

[Tai Tran]

Just purchased a turn-key completely furnished and stocked STR rental home that I will continue to operate as an STR. I will continue my business with the current property management team and there are multiple bookings in the coming months. With the Airbnb listing still under the property management name, should the bookings be transfer over to me somehow upon closing? or does the property management cancel the bookings on their account and transfer it to mine? How does this work?

[January Johnson]

Quote from @Tai Tran:

Just purchased a turn-key completely furnished and stocked STR rental home that I will continue to operate as an STR. I will continue my business with the current property management team and there are multiple bookings in the coming months. With the Airbnb listing still under the property management name, should the bookings be transfer over to me somehow upon closing? or does the property management cancel the bookings on their account and transfer it to mine? How does this work?

If you cancel the PMC and manage it yourself, you can keep about 25% of the gross income in your own pocket.  As long as you keep it with that mgmt co, the listing - and the reviews - will never be YOURS.