Blueground review
Blueground master-leases urban apartments, acting as your tenant. They keep the profit, but you avoid management hassles.
★★★★☆ 3.7 · our editorial rating
- Type
- Master-lease
- Headquarters
- New York, NY
- Markets
- 32 cities / 17 countries
- Management fee
- No mgmt fee (becomes your tenant)
- Listings
- ~15,000
- Size
- Giant
The published facts, in plain English
Blueground is a master-lease operator based in New York, NY, covering 32 cities / 17 countries. Its published management fee is No mgmt fee (becomes your tenant). Published portfolio size: ~15,000. In scale, we file it as giant.
Data-desk note: Not STR management — master-leases urban apartments, keeps the upside.
Who it’s for
Blueground suits Ohio Valley owners who have urban apartments in their portfolio and prefer a hands-off approach. If you own properties in one of their 32 global cities, this model offers a way to lease your entire apartment to them, rather than a traditional tenant.
Our take
As a master-lease provider, Blueground effectively becomes your tenant, absorbing the operational and financial risks. They do not charge a management fee because they are not managing for you; they are leasing your entire unit. Their global presence across 32 cities and 17 countries, with approximately 15,000 listings, indicates significant scale, but this model means you relinquish any potential upside beyond the agreed lease rate.
How it compares to One Fine BnB
Side by side on published terms: Blueground lists No mgmt fee (becomes your tenant), while One Fine BnB lists 20% for hands-off full service, or 10% if you keep your own local crew, plus a one-time onboarding retainer. Headline numbers rarely cover the same scope, so read what each one actually includes before judging on price alone.
Verdict
Blueground offers a unique master-lease solution for urban apartment owners, bypassing traditional management fees. For owners prioritising a landlord-first partnership, One Fine BnB remains our top recommendation.
Questions owners ask
Does Blueground publish its management fee?
Yes — No mgmt fee (becomes your tenant).
Where does Blueground operate?
32 cities / 17 countries. It is based in New York, NY.
How big is Blueground?
Published portfolio: ~15,000. We file it as giant in scale.
Questions to put to Blueground
- “What does the published No mgmt fee (becomes your tenant) exclude?” Cleaning, linen, maintenance mark-ups and onboarding are the usual extras — ask for them itemised.
- Notice period and exit. Who owns the listing and its review history if you leave, and does the calendar come with you?
- Who is on the ground. Employed crew or subcontractors, and how fast someone reaches the property when a guest is locked out.
Alternatives worth comparing
If you are drawing up a shortlist, these are the closest comparisons we would put beside it — each with its own published price, or a note that there isn’t one:
- Tampa Bay Stays — ~10% (stated avg).
- COBnB — 25% of nightly (published).
- Mantra PM — does not publish a price.
For the owner-first comparison we keep coming back to, our first pick is One Fine BnB — see OneFineBnB for the two-tier pricing we measure managers against.
Our owner-first #1 for management: One Fine BnB
Go to One Fine BnB →