Commercial properties are measured on NOI or Cap rates. 

You could do a limited service (outsource booking + guest communications) to a company like mine or evolve for a lower fee and then manage your own maintenance and cleaners.

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

Hello Joe,Congratulations on your purchases, if you are ever looking for a DSCR loan, please let me know, we do rental loans down to 1.1x and up to 75% LTV on a cash out refinance, or 80% LTV on a rate and term refinance.  

We raised the price from their original, since we did not get the down payment, but lowered the interest rate that we were charging to something a little more reasonable.

Also, give relevant information on rates, prices, square footage, etc.2.

We used Anderson Business Advisors to set everything up properly and have not regretted the couple thousand we spent, as well as the monthly fee for them to keep up all our legal and give us unlimited access to attorneys.

Also you can save a lot of money if pm has their own handyman employees and do not need to sub out all repairs. my experience is that STRs outperform LTR by enough to cover the PM fees, utilities, and additional furnishing costs but not much more.  

5) Given your cash and equity, I recommend just using the capital you have at a 75-80 LTV on future purchases, you can get yourself into about another $800k of real estate at extremely good rates.

You don't want one of those even if it is tempting to go with super low fees.