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?
Could be a good idea to chime in with your question on this thread too
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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