Rehabbing & House Flipping
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago,
Self Managing an out of star vacation property
Hi guys, I am new here and this is my first post. We live in FL and have a vacation rental in NC and have had a management company manage it for a while now. Between the 20% management fee, cleaning fee, jacuzzi cleaning fee, and misc fees, their take is 40-50% every month. Further, they have done a horrible job cleaning and the guests have left two bad reviews on VRBO due to lack of cleanliness, which I believe it is the kiss of death. This is completely unacceptable. My wife has decided to do the management herself. We are putting an electronic keypad for front door, hiring our own cleaning crew and a person who will be on call for emergencies, repairs and maintenance and inspections before and after each rental. I know there are a lot of other factors we need to do consider such as contracts, credit cards payments etc. Any help from you guys would be greatly appreciated.
Thanks