ilmscore | Prediction Details
"I want to just reassure everyone that eventually you want you definitely want to factor that in even if you're not paying for it now because if you if your property doesn't work with this like 20 to 30% property management fee that just basically means you are going to be locked into self-managing your property for life and that means that the moment you do hire a property manager a quality one if it doesn't pencil out with that you're going to lose money the moment you choose to do that forcing you to have to sell and it's like a whole thing so I try to tell people to bacon some kind of property management fee into their upfront analysis because you never really know when that day is going to come or you decide to hire someone"
By BiggerPockets | May 22, 2024 | Pending
From video
Hiring a Property Manager and “Fees” That’ll Kill Your Cash Flow 00:23:11 - 00:23:48
Interpreted Prediction
If a short-term rental property cannot financially support a 20-30% property management fee, the owner will be locked into self-managing it for life, or they will lose money and be forced to sell if they eventually hire a quality property manager.

Prediction Details

Topic
Short-term Rental Property Management

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