Short-Term & Vacation Rental Discussions
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 3 years ago,
Different Airbnb Host Fees
I'm working through my tax stuff currently. I have 2 listings on Airbnb. When adding up the host fees I've paid, it looks like one of them is at 3% and the other is being charged 5%. From what I've been able to find, it appears that the cancelation policy that we have may lead to the higher host fee, is that correct?
If it is, what are the different schools of thought on this? This rental grosses around $60,000, the extra 2% would be costing me around $1200/year. We've had a few cancelations over the past year, probably totaling in the $1-2000 range, but I have usually ended up refunding the money anyways (some dates were rebooked, others had a legitimate excuse, some appeared to be a problem waiting to happen and I figured it was better to lose a few hundred dollars). Is it better to loosen the cancelation policy and pocket a little extra money with each booking?