- Owner does not control nightly rates/promotions
- Don't have control over cleaning service standards and quality of linens and furniture/small wares in unit.
- Charges are typically 45-50% of your unit's revenue
- Don't control occupancy rate
- May experience less flexibility for personal use stays
- You are responsible to set your nightly rates and all guest communications/guest service (can be time consuming)
- You are responsible for repair and maintenance of your own property
- You are responsible for sourcing out cleaning company, and various trades for maintenance/repairs
- You are responsible for extra expenses for repairs and upgrades