Airbnb Owners but non-operators- What do you pay your management?

[Kyle Parks]

I'm in the process of building out a management company in Cleveland, Ohio but have no idea where to start with pay structure. My wife and I are among the best operators on our 2 units and we are completely confident in our abilities (setting up, hospitality, management) but the $ aspect is difficult to pin down. I have seen figures ranging from 9%-30%. Please help! 

[Mark Miles]

Originally posted by @Kyle Parks:

I'm in the process of building out a management company in Cleveland, Ohio but have no idea where to start with pay structure. My wife and I are among the best operators on our 2 units and we are completely confident in our abilities (setting up, hospitality, management) but the $ aspect is difficult to pin down. I have seen figures ranging from 9%-30%. Please help! 

I offshore my property mgmt for around $4/hr. I’m honestly not sure why anyone would pay someone stateside to handle property management when it is so cheap to hire someone offshore to do a high-quality job.

My offshore PM can set door codes, message (or call) guests, schedule cleaners, adjust the thermostat, monitor my cameras, & call a plumber just as easily as a local PM can, for 1% of the cost.

(more on that here: https://www.biggerpockets.com/... )