[Calc Review] Help me analyze this deal
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@Jonathan Bombaci
Just jumping in here real quick as I work with owners and prospective investors for AirBnb's on a daily basis.
Agree with Jonathan's 8-10% estimate on traditional property management, and I would say that market average for Vacation Rental Management is 20-35% across the board.
Depending on the services they provide, or if you go with one of the massive companies out there that sticks you with a ton of responsibilities like finding your own cleaners or the monthly Costco run for toilet paper and paper towels... I had seen rates as low as 15%.
Just be warned that as any traditional rental property can quickly become a full time job, AirBnb management can become so much more time consuming... Especially once you have 3+.
Happy to help or share my experience with anyone going down the Airbnb / VRBO route.
-Ken G. Barton