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Updated almost 2 years ago, 02/07/2023
Property managers for short term rentals?
So when somebody comes on here and ask about property management for short term rentals all the normal gang pipes up and says they self manage. My wife and I already have quite a number of properties we manage that are not short term rentals. Plus we have an active life with other activities and responsibilities.
We are very open to finding somebody to manage short term rentals for us, but it seems like everyone wants a large percentage of the gross to the point where they’re getting almost all the profit or more profit than a property would even produce. Is there any sort of hybrids where someone would manage them for say 12%to 15%? or take a larger percentage of the true net not the gross? I am well aware that I can manage some myself or I wouldn’t of made it this far in life. The deal is there’s only so many hours in a day and I would rather keep buying properties versus trying to totally milk a few houses for all they are worth.