Real estate traditionally is on a 16-18 year cycle, so we are arriving now.

Thankfully we don't get to many bookings on VRBO and always respond within 1-3 minutes of the message arriving. 

Add in that our violent crime rate is almost 2x that of Cedar Rapid's, and our property management options are terrible, that is how I arrived at my answer!

However, it is only day 1, so I will have to see how it goes and what other lessons I learn.I did also put together house rules, and go over everything with the tenant upon arrival (I did talk about any "rules" during the final interview to make sure we were both clear on expectations), and provided a written copy.

They seem to be a startupy type company that's tackling PM in the some of the hotter tech areas (Seattle, Bay Area, San Diego).When I spoke with them their fee system was pretty transparent (5% monthly only while it's being rented).

I arrive the day of to investigate. 

Many arrive at this strategy through paid mentorship, while others settle on the strategy through their own education because its such a  widely discussed strategy with so many industry participants peddling the concept thanks to the low barrier of entry and ancillary services and fees that are generated.  

The 10% is probably for ordering items and being there when goods arrive, unboxing and removal of packing materials, assembling any furniture that needs it, placement and moving things around, putting up artwork, and washing new plates, silverware, cooking pans, coffee carafe, prewashing all sheets, towels, and linens etc. 

We advertised it as a "bonus room/ office" and I think that helped attract the right applicants (they were not expecting a 3 bedroom apartment and then arriving to find out it was only 2 beds with an awkward bonus room).  

Curious how you arrived already at Phoenix and Tempe while skipping over some other areas.