A manager will roughly cost $100-$150 a month to take over a unit (it could be more or less in your market) and manage the units.

I recently started my own STR management company and I'm thinking about starting a referral partner program for real estate agents.

After years of self-managing our single-family rentals, we decided to hire a property manager to provide full service management.

Thx for sharing and congrats that is a ton of success, @Eric BilderbackLike all investments there is risk to manage.  

The owner is an older gentleman and has managed this property for years.

You may want to consult a property manager!

Price to rent ratios have skyrocketed everywhere and it's pretty unlikely rent will ever get to a point where it evens back out because at those levels it's just as cheap/cheaper to buy (not to mention most renters can't afford anything like that). 

Its signed off by someone knowledgeable and worked on by "Tax Managers" and "Tax assistants". 

Quote from @Duane Williams: We’re a family-owned fix-and-flip company operating in San Antonio, TX, and Northern Virginia, managing everything in-house—from wholesale acquisitions to rehab & construction (with our own project managers and crews) to listing & selling through our licensed brokerage. 

Our management company currently collects a traditional deposit from all tenants, including traveling healthcare professionals.