Property management fees exposed #shorts #managementfees #propertymanagement #shorttermrentals

Name: Property management fees exposed #shorts #managementfees #propertymanagement #shorttermrentals
Uploaded: 2023-07-30T20:45:00+00:00
Duration: 49 s
Channel: Tim Hubbard
Description: Short video by Tim Hubbard explaining the breakdown of property management fees for short-term rentals. The speaker describes the base management fee and…

30 Jul 2023 · 1 min

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0:49

Short video by Tim Hubbard explaining the breakdown of property management fees for short-term rentals. The speaker describes the base management fee and notes wide variation (roughly 10% up to 50%) depending on market dynamics and local competition in vacation-rental–dominated areas.

Chapters

We're breaking down management fees. Management fees in terms of what a property manager would be charging you for your, for your property to professionally manage it. So let's go ahead and just break down some of these fees. I think the most common one, and that's just a base management fee, although this management fee can really range, I mean, anywhere from 10 to 40 to even 50% in the short term rental world, especially in some traditional vacation rental markets that are dominated by short term rentals. And there's not a lot of traditional housing. Sometimes there's some management companies in those areas that are really, they have a, a firm hold on the market and they're charging a lot of management fell.