Short-Term & Vacation Rental Discussions
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated almost 6 years ago on . Most recent reply

Appropriate compensation for consultation services
I currently self manage some very successful short-term rentals. A property management company has approached me to partner with them so that they can start managing short-term rentals in addition to the long-term rentals that already manage.
Their role would be the boots on the ground dealing with turnover and maintenance and I would handle pricing and guest interactions. If it matters, these would be very high end rentals with potentially very high maintenance guests.
My question is: how would you go about structuring this type of partnership and what would be fair compensation?
I, personally, would like to grow my business and at the point I am at, I basically need to start a property management company to accomplish this.
Seems like a win-win scenario if properly structured.
Any input would be greatly appreciated. Thanks!
Most Popular Reply

- Investor
- Greer, SC
- 14,968
- Votes |
- 12,345
- Posts
So STR property management is typically around 30%. If you could get 10% and they keep 20% I think that would be a good arrangement for you. You are able to do all your work from a computer and they have the hard stuff. Your work is still very important to running the business and making it successful.