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Updated over 1 year ago on . Most recent reply

User Stats

82
Posts
122
Votes
Evan Kline
  • Real Estate Agent
  • Winston Salem, NC
122
Votes |
82
Posts

Management fees for MTR

Evan Kline
  • Real Estate Agent
  • Winston Salem, NC
Posted

My wife and own some MTR's in the Winston Salem area. We've had a lot of success and I got my RE license to help with our own investment and also help others replicate what we've done in Winston Salem. 

I've had a good number of people reach out and ask if we can manage MTR's for them. What are good management fee structures you've seen in the MTR world? Splitting the difference between a LTR management fee (10%) and STR fee (20-30%)? Charging 10% with an additional fee for turnovers? Curious to hear what's been working well for others, whether you manage yourself or have your properties managed by others.

Most Popular Reply

User Stats

95
Posts
112
Votes
Patrick O'Shea
  • Investor
  • Upper St Clair, PA
112
Votes |
95
Posts
Patrick O'Shea
  • Investor
  • Upper St Clair, PA
Replied

I manage myself in Pittsburgh, PA. After setup, my effort is really low. I use turno.com (formerly turnoverBnB) and cleaners accept jobs based on my Airbnb calendar. I don't accept rentals short of 30 days and most guests stay 3-6 months.

  • Patrick O'Shea
  • Loading replies...