Short-term rental management companies charge different fees for their services and properties. These fees are calculated based on the number of guests the property will have and their length of stay. To know more about short-term rental fees click https://www.shosty.com/management-fees.
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How much does a short term rental company charge?
Short term rental companies typically charge between 3% and 5% of the rental price to manage the property. This fee covers the company's costs associated with managing, marketing, and insuring the property.
What are the fees?
Short term rental management companies can charge different fees for different services. Some common fees include a placement fee, an administrative fee, and a service fee.
A placement fee is typically charged when a property is listed with a management company. This fee generally covers the cost of advertising and marketing the property.
An administrative fee is charged for handling payments, issuing checks, and other administrative tasks related to managing a property.
A service fee is charged for specific services such as cleaning or maintenance.
How does the management of short term rentals make money?
Management companies that manage short term rentals make money in a variety of ways. Some charge an upfront fee, while others require a percentage of the nightly rent. Some managers also collect taxes and fees from guests, and may also provide amenities like cleaning services or concierge services.