Vacation Rental Newbie

[Roxana Daneshjou]

We are in the process of getting a vacation rental 2.5 hours from us in Groveland, CA, near Yosemite National Park in a gated community with a lake and a golf course.  House purchase price is 240k, 3 bedroom, 2.5 bath, 1520 square feet with a very large deck for outdoor dining, lounging, fire pit, and grilling.  I have made a list of furnishings for about 12k.  Plan is to sleep 10 - 2 king beds, one queen + bunk bed in 3rd bedroom, and then queen sleeper sofa in game room.  Based on my analysis of the area, and comparable houses, I think we can make at least 26k gross a year.  I'm super busy and can't do the management, so I have been debating between Evolve and a local management company (25% cut).  I cannot self manage at this time, maybe in the future.  I've read all the threads on Evolve.  Any advice?

[Michael Baum]

Hi @Roxana Daneshjou, do you care if you make a profit or not? Evolve is something that I looked into and found it a waste of 10% IMHO. 25% off the top is killer.

Welcome to the forum! Go take a look around and read some of the posts. It will help you make a more informed decision.

How accurate is your estimate on gross?