Referral Fee Pricing

[Brian Malavsky]

Does anyone help other MTR hosts find tenants and if so, what do you typically charge for referral fees?

[Jamie Banks]

I just started offering this service and I’m charging 25% of first months rent. I’ve seen others charge between 20% - 25% of the whole booking amount or even fixed fees. There aren’t many in the space so I think you can come up with a price and then get feedback from customers to determine if the pricing is fair. 

Some things to consider are if the length of the booking will matter (1 month vs 6 months) and if there will be a minimum rental amount provided by the landlord.

I’m only offering referrals on bookings over 3 months and I set a minimum rental amount with the clients beforehand.