Keep in mind I said good agent, which of course is not all agents, but the moving parts and funny money the builder has baked into the pie is much more complicated then an existing contract. 

About half of them because of heat, storms, fires and fresh water concerns.

You have to bake the management fee into your deals to make sure they still pencil out (which you should likely do anyway), and you let them handle a majority of the work.

Looking to purchase one and struggling with the right calculators to determine the real metrics.As I understand it (recently looked at buying a former bnb) you need to treat it like any other STR with your extra costs such as food, etc  baked in to the expenses.

Thank youTo add on to the other already excellent replies:- The syndicator typically either bakes their management and operations into the investment, thus making additional funds for themselves, or uses their own subsidiary or someone they have a partner deal with.

That is an interior heavy rehab, i.e. remodel kitchens and baths, new floors, fresh paint. 

Anytime the media spits out news coverage on rates, it has already been baked into the market from Wall St.

Additionally, we repainted the interior of the house, giving it a fresh, modern look.

It’s also worth getting some fresh eyes on the property from an experienced realtor in the area to ensure everything is in line with current buyer expectations.Pricing Strategy: Price drops can be tricky.

Reface cabinets, new countertops, glue down flooring and fresh paint.