All Forum Posts by: Gianna Rivera

So, you would pretty much be doing everything then. We offer the same services to clients as well and we charge 25% of each booking. If the owner would like to handle contacting handyman, lawn maintenance, etc. we might bump it down a bit, but it would depend on the circumstance. You're about to take on a part-time job and in my opinion, nothing less than 20% per booking should be your charge. Value yourself and your services!

Per usual the question on the PM license was brought up....everything you listed is legally ok to do without a license, except listing the property on Airbnb/VRBO. Have your friend create the account and add their bank info so the rent money goes to them. Then on Airbnb you can be the primary person, and the owner is the admin. With VRBO you would have to share log in info. Once the account and a basic listing is created you can go in and add a description, etc. if your friend would rather not. Also, you would bill your friend each month for the charges they own you.

I would also suggest making up a contract between you and your friend, so everyone knows who is doing what and there is no opportunity to have a royal agreement about something and ruin a friendship. Lastly you can get business insurance if you would like, although that might be over kill for just one property for your friend. But if you have errors and omissions coverage and something "funny" happens so the owner is out a couple thousand dollars, you would be covered and able to pay your friend for the mistake that happened. 

Hope that helps....feel free to reach out if I can help you further.

Depends on what you'll be doing for the owner....could you give an idea of your responsibilities?