Property management for parents

[Meghan Dreher]

My in-laws are looking to buy a short term rental property and would like my husband and I to property manage for them. We have no experience with working with other property management companies and are wondering what a fair % is to ask for. I’ve seen 6%-20% so that’s a large range - there is no other option for a property manager in our area as we’re in rural Western PA and those companies just don’t exist here. Also any list of “property management” do’s and don’ts to follow? Thanks in advance!