While sites like AirBNB and HomeAway have brought short term rentals into the limelight, it's not a new thing. In fact it's been around for more than 3 decades. Today's guest, Mike Harrington, is President of Topsail Realty and President of the Vacation Rental Management Association (which was formed in 1985). He and Jason discuss what's going on in the vacation rental market, the march toward standardization, and what kind of fees you should expect if you go with a property manager for your property. Key Takeaway: [1:40] How the vacation rental market is doing right now [6:58] The short term rental market right now is dealing with how to create professional standards in a non-standard marketplace [10:07] What direction do short term rentals need to go to avoid massive legislation being placed on them from the hotel lobby? [13:51] The best thing to do if you're looking to get into the short term rental market [15:24] What kind of property management fees should investors be expecting? Website: www.TopSailRealty.com www.VRMA.org