Suggested cohost fees

in
Los Angeles, CA
Level 1
210 Views

Hi all!

 

ive been offered a cohosting opportunity. They would handle all the bookings and sending checkin info and house manual. I would handle all cleaning and changeovers as well as a few other duties including:

 

restocking all cleaning and paper goods

 

being available from 1pm to 9pm daily as a point of contact for guests should they have questions or emergencies

 

Taking trash bins to and from street when needed (not necessarily needed every week.)

 

collecting mail and sending it to them periodically. 

 

What I’m thinking about sending them as a proposal is cleaning fees plus 5% of bookings. Does this seem too low of a percentage? I’ve been cleaning for them for a few months now and have been on their listing as cohost and can see messages etc. Guest interactions and questions seem minimal so it seems like it’s not so much actual hours of work but the whole being available and semi on call from 1pm to 9pm. What do y’all think? 

3 Replies

Re: Suggested cohost fees

in
Oregon City, OR
Level 10

@Shea56 my co-host has similar responsibilities, but also including hot tub maintenance. She gets 30% of rent and 100% of cleaning fees. 5% is very low especially when you consider that you may have to drop everything at any moment to handle urgent issues such as appliance failures or plumbing problems.

Re: Suggested cohost fees

in
England, United Kingdom
Level 10

@Shea56 I would suggest that @Lisa723 's 30% is high. I would look at all the costs first. 30% of rent must be a very high percentage of net rent after costs.

Re: Suggested cohost fees

in
Oregon City, OR
Level 10

@Mike-And-Jane0 @Shea56 

 

I’m sure market rate varies by locality as well as responsibilities. My previous manager charged 40% — but in that arrangement I was completely hands-off.


Someone who looks after your property and your guests as if they were their own is worth a lot.

Join the conversation