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My advice would be have trusted experts you can call on in case of emergencies: plumber, electrician, pest removal etc.
One time when I went away, a swarm of wasps decided to bash into the wall of my Airbnb and come through the bathroom window at 6 o’clock in the morning.
20% is kinda high UNLESS you can also drive new traffic to his property. I know in LA they work with 10%-15%. A friend of mine has the same service for 25% but they hook him up with venues, photo shootings and new rentals.
I would also say 20 % is high, if you’re not even there to greet the guests. My co-host charges 20 %, but also handles all maintenance, greet guests, show them around at the resort, offers extra bookings, takes fresh pictures, and is available with restocking of almost anything 24/7
I’d like you to help me furnish the place and manage the rentals for me.
Services requested
Message with guests
Respond to guest issues
Update calendar and pricing
Handle reservations
Review guests
Coordinate cleaning and linens
Restock essential supplies
Coordinate maintenance
Get the home ready for guests
Create a listing
I don’t feel like 20% is a lot to ask as I would also be on call for the duration of someones stay.
It sounds great - but I still think a big part of the 20 % is actually to greet the guest personally. Otherwise 10-15 % should be more resonable (at least where I’m hosting)
You would acutally be able to coordinate a lot of things at distance. Call a cleaning lady, handyman etc). The only thing you can’t do, is greet the guests. This is where you can make a real difference. I feel it is often also showed in the ratings, if they are greeted.
You can start with requesting 20%. Maybe the unit is paid off, so the other 80% is pure profit for the owner.
It might also depend on if you rent for $80 per night, or $800 per night on what you would ask your rate to be.
I think 20% is fine - but be willing to negotiate. The owner is providing the location - the “silent partner”. Sounds like you are providing everything else.
I think with the greatest respect there is a better way of looking at this.
You need to look at a one off charge for setting up the listing and if you decide you want to provide the service - furnishing it.
You can then provide a commission based service for managing bookings.
Decide on an hourly rate and estimate how many bookings the listing is likely to get. You can then provide a commissioned based rate and then an hourly rate for dealing with emergencies.
I don’t believe you need to be around for check-in/check out. Lots of remote hosts aren’t. However I do think you need to be around for spot checks.
Make sure you invest in a contract drawn up by a lawyer of which your proposal for providing support forms a part.
I vehemently disagree with those that say 20% is too much!! I have been co-hosting for a while now and it is a huge amount of work. From what you say, you will essentially be doing everything. I would go for 25% absolute minimum. And agree with Helsi that setting up the listing should be a one-off charge. I recently counted up the number of hours I’ve spent managing guests, cleaning, supplies and troubleshooting. At 25% I am not making a lot of money, frankly. Being on call 24/7 and troubleshooting (there’s always something, even it it’s just a phone call when you’re having dinner) is your TIME. Don’t under-estimate how much of it you will need to give and how much it (you) is worth.
To all those who say 20% is too much. Would YOU be willing to manage your own listing for that??
Agreed with @Helsi! I’d charge $500 - $750 for the listing easily and 15% for the listing. If you want, you can offer them to manage a Facebook & Instagram account for the 20%.
Cool thing about it is that, the more reservations you will get through these platforms will be a direct influence on YOUR bottom line as well.
Thanks everyone for your advice. This is such a great forum for getting a balanced cross section of opinions.
i met with the gentleman this afternoon and we agreed on 25% (thanks @Magwitch) for managing the listing and an hourly rate to help out with furnishing the house.
It is a fantastic house and will photograph well. It has a minimal garden and a great alfresco area.
It is not fussy and wont be a huge cleaning job. Good news for the times when the cleaners cracks it and it is me and my mop and bucket to the rescue.