Operations has always been the backbone of property management. It's the messy boots-on-the-ground part of the business and is often capital intensive. Between in-house labor costs, repairs, supplies, software, guest support, vehicles, and fees you pay service partners, you're likely spending thousands per property each year.
Of course, there are many factors that determine your yearly ops spend; like portfolio size, property quality, occupancy rate, and frequency of turns. Use our calculator below to benchmark your operational expenditures to the industry average.