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Updated about 7 years ago on . Most recent reply
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Expenses to expect in STR
I'm hiring a management company for my STR. Of course, I can figure out what my insurance, cable and taxes will be. But, what can I expect to spend for all of the other expenses? Consumables, utilities, repairs, yard work, etc. Does someone have a report of what and how much they pay that you would be willing to share with me.
Also, which of these expenses would a management co typically have INCLUDED in their % of income fee? The rest of expenses are billed at cost? Marked up?
Thanks!
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Luke Carl
#3 Short-Term & Vacation Rental Discussions Contributor
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Why hire a PM you can do it yourself in a couple minutes per day. Don't waste your money. I have a day job and I manage 6 of them and I'm an idiot.