Quote from @Salvatore Ross: When it comes to finding the perfect property to manage/co-host, what’s on your must-have list? 

@Alec Barnes As the owner of a property management company in Texas, I completely agree that a solid screening process is essential for placing quality tenants.

You can start by going to www.narpm.org to search their directory of managers.

Property management is a "nickle" and "dime" business.  

While I do believe that some of the posters on BP are able to do a quality job self managing their portfolio of STR properties, they are spending a lot more time doing it than they’d like to admit.10 years ago in many markets STR provided outsized returns.  

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.

Try interviewing at least three managers.1.

Most property managers don't charge any markup.

The model becomes very problematic in low quality assets, and sec8.

They must provide quality service, or their clients won't want to pay the price.