What do you consider a fair management fee?

Save this post, because if you think you can find and manage Class C tenants from OOS, there's a VERY high chance you will end up being penny-wise, but dollar-foolish.Hopefully, you'll be able to recover from your mistakes & losses and won't have to sell at a loss.

Also I use my LLC to manage my 2 rental properties.

It also felt like they are pulling from something that talks to the bigger management companies with larger MFH and lower-end SFH, whereas my area is mostly mom and pop operator with SFH and the BP calc wasn't differentiating.

It's much harder than it used to be to get the return which makes it worth the hassle (assuming that you are self-managing).

This is the first year I have professional management....all the prop.

This is the route I would take.The next step would be to have a conversation with your property manager about screening. 

Depending on where you're pcsing to, you may be able to manage the property yourself or at least do a trial run.

I would love to connect with any investors or property managers in the area who are currently doing this!

Short-term rentals come with fixed expenses like licensing, listing fees, and optional property management and furnishings.