I would compare it to you or the Seller buying down the rate permanently.

Happy to chat, network and compare notes with folks in this space. 

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

There are other players in the game to compare with like Kenny Bedwell at STR Insights or Bill Faeth's coaching.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

But it is a heck of a lot of incentive to do whats BEST in interest of a Landlord, which is getting high quality tenant with low occurrence of issues that operates on cruise control of consistency and quality care of property, for a duration. % based, it's just about getting bodies in and keeping them in, and that's done by taking the first most desperate trash off the street who says they'll pay. 

Essentially, your new replacement property will consist of (1) a thirty plus year ground lease on the real property you already own; and (2) new capital improvements made on the real property you already own pursuant to the new thirty plus year ground lease.

Some of the newer ones seem to take forever (45-60 min) to run compared to the older ones.

Baselane has been a game-changer for me, saving a significant amount of time compared to manually tracking everything in Google Sheets.

Use AirDNA to get a better feel for what may be projected and then dive into Airbnb and compare to your competitors.