What are your management fees and how often do you get paid or bill the owners for the folks that are managing properties for others?
How much are your management fees?
+2- Hospitable Team Member
Could be a good idea to chime in with your question on this thread too
+2- Hospitable Team Member
Hi, I invoice 10% on net revenu. Charging on gross revenue can be viewed as unfair by property owner. Moreover, charging on net revenu allows to abstract platform commission out from négociation with property owner. A discount from 10 to 50% can apply depending on owner's property number and potential revenues. For each Booking I charge a stripe invoice payable by card or direct transfert. Regards Michel
I charge anywhere from 10-30%, depending on the scope of my services (either solely managing the OTA listing, or providing a full suite of Prop Mgmt Services). I calculate the fees based solely on Nightly rate + any upsells (Pet fees, gameroom use, transportation, etc). Housekeeping is typically a ‘pass through fee’ (I bill the guest the Hskp fees, then pass the fee on to the housekeeper).
I do charge a Management fee for all listings, which is not split with the Owner.
Scott
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