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re: Orange Beach, AL Property Management
Posted on 1/7/17 at 9:28 am to igoringa
Posted on 1/7/17 at 9:28 am to igoringa
quote:
I use turnkey vacation rentals (in a different market but their price is the same in Destin). 14% year one and then 18% thereafter. On all sites with upgraded listing.
Been awesome in cleaning, renting, and customer service
I was not trying to say that its not possible to get great rentals at 18%, I was simply saying that is one part of the equation and way over considered IMO.
The management fee really comes down to 1 or 2 extra weeks rented a year difference, if paying 22% gets you one more week in the shoulder season that will often times cover that extra. On a unit that rents for $50k a year 4% is only $2000. That's 1.5 weeks in a 2 bedroom.
Another thing to consider is that most rental companies are moving to more and more fees to make their money, and making less off of rent. There are booking fees, admin fees, income tied into the cleaning fee, etc. So if your unit rents for a lot of weeks many companies are happy to take less opposed to a unit that may only rent for peak summer and spring break.
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