The market rate for a full-service STR co-hosting company is 25% gross after cleaning fees.On average the following would be included... 24/7 guest communication, vender oversight, weekly updates on the OTA listings, make sure maintenance and deep cleanings get done...but owner pays the expense, stain removal on linens, marketing the property, keep supplies stocked...again owner pays the expense, keep property guidebooks updated (digital copy and hard copy), security (locks, cameras etc.) oversight, bi-weekly pricing software management, walk the property regularly, provide monthly reports, and obviously any guest problems that arise time to time.

Update: I have just ended up selling my house to a Sell My House Fast Company.

I've refined and updated my buy box, currently SF detached houses built since year 2000, with 3 bedrooms, 2+ baths, central air, and 2 car garages, in areas with good schools, low crime and economic growth. 

One recent update is that he has traveling for almost 2 weeks and ignoring anything related to the transaction.

The UPDATED rental comps around the area shows $850/month/unit.

Purchase price: $425,000 Cash invested: $23,000 Sale price: $510,000 My first lipstick flip that just needed updating from my REO lender.

It automatically handles all the initial calculations for listings within 50 miles and updates daily.I'd love to hear your thoughts and any suggestions you might have.

Congrats, keep us updated on how it goes in the multifamily forum, once you close would love to hear the best ways you found for finding tenants and what if any updates you are doing!

As I find more data on each site, I will update it within the comment section, and I encourage others to share their journey as well!

Should produce nice cashflow and also equity as he updates the unit, most comps are 400s+!