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re: Orange Beach, AL Property Management

Posted on 1/9/17 at 10:52 am to
Posted by baldona
Florida
Member since Feb 2016
20596 posts
Posted on 1/9/17 at 10:52 am to
Fyi all I do is manage my own properties. But I have a lot of colleagues and friends in the business, it's always been this way but with vrbo and airbnb it has allowed so many little companies to compete that there is a massive competition over how low the management percentage can go. That doesn't mean it's a good thing for the owner to go with the lowest % you can find, and it's not close. Especially for 2 bedroom and under places because they are most likely gross renting under $50k.

It's rare to have the lowest cost management company rent it for the most. So you have to usually choose lower percentage and lower rent, or higher % and higher rent unless you have a prime property that a great company is willing to cut their earnings for.
Posted by jmarto1
Houma, LA/ Las Vegas, NV
Member since Mar 2008
34138 posts
Posted on 1/9/17 at 10:54 pm to
I'd like to get to the point where my mother can manage the property(ies) when she retires. As of right now, I think a management company will help us get our feet wet a bit. I'm with many of you that 15% isn't always the way to go.
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