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Updated over 3 years ago,
Rent Properties to Vacation Rental Manager
I have a small 3/2 no-pool upgraded house in Fort Lauderdale zip code 33315 that receives several calls from vacation rental managers. Some of them want to rent it from me for $3500+/mo and turn the property into short-term rental themselves; others want to to charge a percentage of gross revenue for full service management (They claim that it generates minimum $5000-$6000 revenue. I am not sure if this number is exaggerated though as I have no experience in short-term rental market). Which one of these 2 types of lease is better? For the percentage-based full service, what percentage do you pay?
Anyone with short-term rental experience can offer some tips and recommendations? Thanks!