Don't know about costs over there, but the 'rents housesit via an agency and I've never known them employed by anyone with a property under £500k ($1m). The 'rents certainly don't get enough to live on - hence doing it after they retired - but the agency charge a fortune.
Look into it by all means, especially if you have an expensive property and/or high insurance (you can get discounts for it).
But employing someone directly, with excellent references and someone known to you - if you really trust them - will save you a fortune. Retired police staff for example (how Mum got into it)
Just don't expect it to be cheaper than a cattery - that's kinda the point.
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