They are always looking for new business so they will tell you their rates if you have a property that needs managing.25% up to 50% of the gross rent is not uncommon. 50% tends to be where someone owns a room in a hotel or resort.There are some dedicated mailing lists or forums for vacation rentals.

I remember some moons ago I went to Jeff Kaller's one day teaser seminar at the hotel conference room (sponsored by local REIA).

I am not talking about just going to court.I am talking about 3 day notice to quit,filing eviction,court date in the mail,going to court if tenants answers and getting judgement and writ,then paying writ fee and waiting for the marshal to set up throwing the stuff out.These time lines and processes will vary by state.In some areas the marshalls are backed up serving the writs.So if it takes 2 months to get them out and the writ takes a month then it will be 3 months of lost rent.4 if you get them out mid month unless you can land someone living in a hotel or moving to the area mid month.Then you would only lose 3 1/2 months.You also have to factor in time to turn the place and clean it and rent it out again.The fact you accepted a reduced rent will make it hard to get an eviction in court.Accepting a partial rent usually means you are doing a workout with the tenant.So for instance of I can get a majority of the rent I might do a workout.If the tenant wants me to stop eviction for 100 dollars I tell them to pound sand. :)What you do will also depend on your personal cash flow situation.Are you trying to preserve personal credit and do you have a recourse loan on this property??

Difficult for me to tell right now since I'm on a notoriously slow hotel wi-fi.

For the Portland folk you might check out the tiny home hotel/motel kinda thing on Alberta right being the grilled cheese grill bus.

A couple of my favorites are:* Fandango- great for finding movie theatres, what is playing and even purchasing tickets* Trip it- automatically creates itineraries when you recieve email confirmations for plane tickets, hotels, etc.* Cam Scanner- uses your phone to scan paperwork for email* NPR News/BCC- my two favorite news apps* Pandora- radio* Bank/Brokerage Apps

So, I hope nobody here takes personal offense at anything I say (unless it's warranted, of course :D).In my mind, not listing variable costs in the analysis is akin to the following:You walk into a hotel chain you've never stayed at before, get a room quoted at $100/night plus taxes.

I signed up for the elite training package after the seminar in Hilton hotel in St.Louis.

People are always in and out, treating the place like an extended stay hotel.

I would have to fly to Denver, pay for the conferance and three nights in a hotel plus expenses.