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Updated 11 months ago on . Most recent reply

User Stats

13
Posts
5
Votes
Jordan Hanks
  • Property Manager
  • SLC, UT
5
Votes |
13
Posts

Airbnb Management Fees

Jordan Hanks
  • Property Manager
  • SLC, UT
Posted

For all you Airbnb investors/managers....

What is industry standard for Airbnb management fees? Would love to hear from you as a host, or you as an investor paying someone to manage/paying yourself to manage? 

Thank you in advance :) 

Most Popular Reply

User Stats

181
Posts
244
Votes
Benjamin Vail
  • Real Estate Broker
  • Columbus, OH
244
Votes |
181
Posts
Benjamin Vail
  • Real Estate Broker
  • Columbus, OH
Replied

I own a management company, and we charge 20% - 25%. We make more money for our clients than we charge them. Meaning most our clients saw an overall 25% + spike in revenue after we started to manage their unit. That is why we are busier than we can handle. last year we were managing 6 units, now we are managing 34 units. When a professional is running the pricing, the schedule, and the guest services, you would be shocked to see how much 1 unit can actually make. All of the part time, or one-off STR owners just don't have the same experience to achieve actually optimized STR results. I have hosted 1500 check-ins on my Airbnb account in the last 3 years, and have learned a lot. I can't wait to see what I can learn on the next 1500 check-ins!

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