How Can Realtors Benefit From Short-Term Rentals (STRs)?

EAST ORANGE, N.J. - Nov. 8, 2024 - PRLog -- A property manager or short-term rental (STR) manager handles the daily operations of rental properties, especially Airbnb-style listings. They manage guest communication, cleaning, check-ins, bookings, rate setting, and compliance with local rules. This allows property owners to enjoy rental income without the hassle of managing it themselves.

For realtors, connecting clients with a reliable STR manager can help clients turn vacation homes or investment properties into passive income sources. Luxury homes, particularly those with features like large yards, pools, and outdoor areas, perform exceptionally well as STRs and attract premium-paying guests.

Realtors can benefit from partnering with a property manager by setting up a referral arrangement. For each client referral, the property manager might pay a one-time flat fee or an ongoing percentage of their management fee. For instance, if a property manager charges 20% of monthly rental income and agrees to a 10% referral fee, the realtor would earn 2% of the rental income as long as the contract is active—creating a steady passive income stream.

Ready to explore how STR management can benefit your clients and grow your revenue? Contact us today!

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