What does your PM charge for Airbnb?

[James Wise]

Yo freaks my company is currently making a big push into the Short Term Rental business in the Cleveland market. Thus far, our business has primarily been long term buy & holds in the lower income space. Ya know Section 8 and that sort of thing.

But now we're going to be hitting the luxury space with our Short Term Rental business line so it's going to be a major change of pace from our normal operation of being the Section 8 beasts that we are. I'm looking to crowd source some best practices from the BP nation. What I am looking for right now is feedback on what you guys are seeing from your property manager's that handle your short term rental portfolios.

• What does your PM do that you like?
• What does your PM do that you do not like?
• What does your PM charge you in relation to what they charge you for normal long term rentals?
• What market are you in?
• What is your average nightly rate?
• What websites does your PM use outside of Airbnb and VRBO?
• Are you happy with your PM? Why/Why not?

All feedback is welcome.