Some do actually view this as 'nickel and diming' their guests, and others look at it as an add on that others are getting paid for, so they do too.

Aloha,I am not familiar with the add-on coin option, but I would be very concerned about security for that, if you use quarters.

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

They have several full time maintenance guys that take care of the small stuff.Our cabin is one of their biggest and most popular so they have many repeat gusts that book directly through them.My only complaint is that they add on a 7% admin fee which is straight income for them. 

Would you rather be in debt up to your eyeballs just waiting for the day you can cash out or would you rather be debt free and add on an additional property as funds allow to supplement your lifestyle? 

We are looking to add one to our team but have no idea what fair compensation would be to pull comps and visit properties for valuation.It seems like they'd have to be at our whim, to evaluate comps when I need them done.

For example, new construction will be a lot more risky than value-add on multifamily.

If the pm fee is so low I would consider add ons. 

@Joshua Cochran to add on to the advice of @Charles Carillo it also can't hurt to have all your records and financials up to date, build up your credit score, and look at other avenues like setting up a HELOC if you have solid equity in your primary if you don't want to go the bank loan route.

Kirsten,A quick add on to whats been posted.