Some of the best performing properties can have an occupancy around 60% for the year and sometimes lower.

How do I know which questions to ask to ensure the property manager is performing at its best?

Perform due diligence by reviewing the financials, market trends, and property condition.

They have a system that tracks this exact thing, so an investor can see exactly how the investment is performing.  

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – and they often select the first PMC they call!

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – and they often select the first PMC they call!

I recommend people only sell if (a) you can invest the capital in something that performs better, or (b) it aligns with your goals.

I currently own a successful short-term rental in Fort Lauderdale and have identified a new property nearby that I’m confident will perform well.

You mention you would also share in losses, but you aren't investing any capital so poor performance would lead to your partner realizing a monetary loss before you. 

Quote from @Lorraine Hadden: As we close out 2024 and look forward to 2025, NAR released its 2025 list of top performers in 10 metro markets.