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Updated over 3 years ago on . Most recent reply

User Stats

19
Posts
21
Votes
Amy Canfield
  • Investor
  • Madison, WI
21
Votes |
19
Posts

STR property management fee

Amy Canfield
  • Investor
  • Madison, WI
Posted

In your opinion, is 30% a reasonable fee to pay a property manager to do the following:

- Arrange for interior designer/furnishing property (actual expenses I have to pay)

- Promote/advertise rental and respond to all inquiries and manage bookings and provide guest reviews

- Arrange for cleaners and maintenance when needed.  Lawn care and snow removal too.

- Provide all consumables (shampoo, toilet paper, soap, etc.)

Assume I am NOT interested in doing this myself to save money.

Most Popular Reply

User Stats

19
Posts
21
Votes
Amy Canfield
  • Investor
  • Madison, WI
21
Votes |
19
Posts
Amy Canfield
  • Investor
  • Madison, WI
Replied

Ok.  So I need to suck it up and go nuts for the next few months while I get something off the ground.  I already self manage my own home as a Superhost on Airbnb, so I know what it takes. I'm just feeling overwhelmed at trying to balance a new out-of-town property on top of my full time (plus) job and family life.  But, a little craziness now will pay off in the end...and I'll have more money to show for it. (that's me trying to pump myself up...the easy (but less profitable) way was looking too appealing)  

Thanks everyone.

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