Property Manager Fees

[Richard Ibeh]

Hi all,

What percentage/fees does your property management company charge for FULL-Service management of your vacation home? Emphasis on "full-service management" where you are completely hands-off and only collect a check each month. 

If you can share specifics that would be great for those who have used managers in the past or currently use them now.

Thanks!

[Andrew Johnson]

@Richard Ibeh I've looked at doing it in a few markets and it's ranged from 17% to 55%.  The 17%-30% range was for beach-ish properties.  The 30%+ range was for mountain/ski towns where I suspect they have to charge more because the peak season is smaller and they have a longer period of low rents where their costs stay pretty fixed.  I'd say the median was probably 25%.  And these were for legitimate companies that were doing it.  Not a single person who would manage vacation rentals on the side.  Those fees were all based on gross-collected rents.