@Ella Marie, I can't speak on behalf of your market, but in my respective market, competition is tough, and the successful fix-and-flip vendors are often full-time operating businesses.

-Being able to give your tenants the professional experience of timely responses, quick attention to maintenance, using the on-hand already vetted roster of vendors, providing a sense of formal hospitality and customer service... can be worth the management fees. - Staying compliant with various tenant laws and fair housing policies is also a big factor I hear a lot.

When you build a good relationship with a good turn key provider, they can help you find the best deal and best vendors to work on that deal.

Hi Guy,We did buy into a couple of units with a DST vendor (Kay Prop).

As far as the 1099, that is for payment to owners if you manage for someone else or your vendors whom you pay for repairs and maintenance. 

Also, one is the Vendor Trade Show - by the way, those vendors give discounts to members year-round, not just at the trade show. ; )  There are 8 subgroups that each meet once a month (all content and networking). 

I charge 20% straight to co host which includes vendor/guest /cleaner communication and managing the property.

As a short-term rental property manager in Massachusetts, I charge a 20% co-hosting fee, which includes full-service management—guest communication, vendor coordination, cleaner oversight, and overall property operations.I've seen competitors charge anywhere from 10% to 30%, but lower-cost managers often cut corners, while higher-end services may not always justify the price.

The Board already spends funds on things owners disagree on, such as expensive vendor contracts where a Board member gets a referral fee or is part of the contract.

Also Rich Dad made bank I was a vendor for a few years at their monthly seminars were 100 or so investors paid 40k each to be there and that was monthly..