Turnkey Vacation Rentals - Anyone use them for management???

[Clint G.]

Hello!

Getting ready to dip my toes into the STR world. I've got a few long term rentals but no STR's at this point. I'll be managing this one from a distance so I thought I'd use a management company at first and then transition to managing myself once I learn more.

Turnkey Vacation Rentals charges an 18% commission off your gross which doesn't seem bad compared to some that charge up to 35%.

Anyone use Turnkey? If so, pros and cons?

Thanks!

[Jon Crosby]

I have a friend who started using them in SD, he said he was able to negotiate the rate a bit so give that a try if you haven't already.  He seems happy with them, but nothing extraordinary in regards to service of quality that I could tell.   Just be cautious if you plan to 'start with them' and then move over regarding who owns your listings.  Many of these operators will own your listings on the booking sites and not transfer them to you if you want to leave.  It's not the end of the world if you have to start fresh but you will just want to be aware of that...additionally, migrating bookings is a pain the butt often especially when you have future bookings and/or deposits in their system.  

Best of luck and congrats on taking the plunge...you have to dive in...no dipping your toes.  LOL  j/k  ;)

Cheers