Management company, hired consultant, or Big Tex.
Owners usually weigh three paths. Here is how they differ on the things that matter: cost, control, contract and who the advice is working for.
| What you care about | Third-party management company | One-off consultant | Big Tex |
|---|---|---|---|
| How you pay | Percentage of revenue, often plus incentive fees | Hourly or per project | Flat monthly fee per property |
| Contract | Often multi-year, with termination terms | Per engagement | Month to month |
| Who runs the hotel | The management company | You | You. Big Tex advises and oversees |
| What the fee rewards | A bigger top line | Hours spent | Nothing tied to your revenue |
| Ongoing oversight | Included | Ends with the project | Calls, reporting and visits every month |
| Portfolio view | Varies | Rarely | Consolidated reporting for 5+ properties |
| Cost to try it | Contract negotiation | Paid up front | 30 free days after setup |
Terms vary by company and agreement. This describes common arrangements, not any specific provider.
When a management company is the right call.
Sometimes it is. We would rather say so than sell you the wrong thing.
You want to be fully hands off
If you do not want to oversee a property at all, a full management agreement takes that work off your plate.
You have no operator at the property
Big Tex advises the people running your hotel. It does not replace a general manager.
A lender or franchisor requires one
Some financing or brand agreements require a third-party manager.
When Big Tex fits.
You have a GM and want a second set of eyes
Experienced oversight on calls, numbers and hiring, without a revenue share.
You are leaving a management company
Keep the control and the margin, and keep the structure around it.
You own more than one property
One advisor, one consistent standard, and one view across the group.
Try it free for 30 days.
One property or a portfolio. No contract and no pressure: start the trial, get the calls and reporting on your calendar, and decide whether it is worth the flat fee.