Fee structures vary more than most first-time investors expect
Short-term rental property management fees are commonly charged as a percentage of booking revenue, typically in a wide range depending on the market and service level, but can also include separate fees for cleaning coordination, guest communication, and maintenance markup that aren't always obvious upfront.
Two management companies quoting similar headline percentages can end up costing very differently once cleaning fees, supply markup and maintenance coordination charges are added in -- always ask for a full fee schedule, not just the headline number.
Model management costs into underwriting before you buy, not after
Because management fees materially affect net cash flow, they need to be built into a property's underwriting model before an offer goes in, using realistic fee assumptions for the specific market rather than a generic industry average.
A done-for-you acquisition process incorporates realistic, market-specific management cost assumptions into every property it underwrites, so the projected return a buyer reviews already reflects the real cost of professional management.
BNB Accelerator's acquisitions team, led by Nick Korom, screens over 1,000 short-term rental listings a week and hand-delivers the roughly 2% that clear underwriting. Book a free consultation to see what a done-for-you short-term rental acquisition looks like for your situation.