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re: Orange Beach, AL Property Management
Posted on 1/9/17 at 10:52 am to jmarto1
Posted on 1/9/17 at 10:52 am to jmarto1
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.
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 on 1/9/17 at 10:54 pm to baldona
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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