Does anyone have experience using Evolve? Do you recommend it?

[Stacy Helman]

For our STR we started on Airbnb, we've gotten some initial bookings, we were considering also listing with VRBO but the services Evolve seems to offer seems good for passive management vs. actively managing completely on our own.

[Adam Tafel]

@Stacy Helman - This is only my experience, so take with a grain of salt.. 

STR management fees will almost always erase any gained cashflow vs. LTR. Add this to additional utilities, paper goods and other amenities, cleaning fees, and extra repairs. STR management is perfect for folks who can afford a lake home or ski chalet and want to make some cash on the side. I can imagine a STR rental cashflowing as a pure investment under management within the scope of luxury/waterfront rentals.

I generally price my STR revenue by doubling market rent. Once I subtract additional expenses (see above) I'm left with an average of 25-35% net gain over LTR. Considering that most STR management companies charge 25-50% of gross revenue, you can see my point.

I'm sure that Evolve has helped plenty of folks maximize their occupancy and given many many hours of life back, which can in turn help their clients make more money. Nothing against the company, I'm sure they do great work based on their reputation. 

If you'd like to share more about this particular property I will give you my two-cents.