Interesting, thanks for sharing! Keep in mind that expenses are MUCH higher when running a vacation rental as you have to pay utilities, furniture, cleaning, marketing, etc. It is very much like running a hotel. Long-term property management companies charge around 8% to 10% of revenue whereas vacation rental property management companies charge around 40% of revenue. You HAVE to make significantly higher revenue to pay the extra expenses. It can still work well for some properties, but not all.