So outsourcing some degree of property mgmt would be a must... but the deal won't work paying a local property manager a large % of my revenue...Instead, I would set up my "boots on the ground" (cleaners, handyman), and would need an offshore virtual assistant to manage guests and coordination of my local team. 

My recommendation for newbies is to start by setting financial goals and educating yourself.

- Acquisition Fee - 1% of Purchase Price- Asset Set up Fee - $8,500 total- Asset Management Fee - 3% of income- Disposition Fee - 5% of difference b/n purchase price and eventual sales price- Mortgage Guarantee Fee - 1% of amount guaranteed- Financial Services Fee - 5% of capital contribution of each limited partner- 65/35 Split: After investment repaidThank you in advance!!

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

BP Community,I’m hoping to get some community advice on a deal set up.Background: my partner and I have owned a rental property for about five years.

Sounds like I'll need to get set up with OneKey and StreetEasy for starters. 

I would set ground rules on decision making.

Trust me, almost nobody and no single thing is worth the stress of your peace of mind.This doesn't mean don't put an effort in, just accept what it is when the dice doesn't roll your way.

I walked away with a thorough understanding of what it takes to run a successful Airbnb, from setting up listings to managing guests and maximizing occupancy rates.

How is your Canadian company set up?