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Updated almost 7 years ago, 01/18/2018
Professional Management on a Short-Term Rental?
Hey Folks,
I'm sure the answer varies by market and experience, but I wanted to see what advice some of you may have when considering professional management and STR.
Here is the situation:
I am purchasing a 2BR/2BA condo in Destin, FL with deeded beach access. I will be utilizing it as a primary residence this September but I will have most of the high season (March-September) to generate STR income before I move in.
I have spoken with one property manager that I trust and who I have worked with before as a customer, his rate is 22%.
I have two single family properties that I manage on my own, but I am relatively inexperienced.
Bottom Line: Is a property manager a good choice to maximize value in the most popular booking period?