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holiday rental management (small business)

Hi there

I'd like to start a small business centered on local real estate management for people who want hassle free Roi from their rental holiday houses/rooms.

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For the expenses, our company would have few, like: Hardware + Management Software fees (for booking and checkin automation) + Secretary. (Cleaning fees would be calculated apart: external company).

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I've calculated a 20% management fee on rent, and since, in my city, a single room could do 9k a year, this means an average of 2k a year per room. For 30 rooms seems doable: This would be 60k a year.

The goal is to keep this small business on the sweet spot, not too much, not too low stress. Here, cost of living is about 10k/y, and with a 60k/y gross business you are considered doing very ok!

Is this a business which could be done solo, or would require a co-founder? Anyone have a similar business? What am i missing?

submitted by /u/crepuscopoli
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/115az1k/holiday_rental_management_small_business/
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