Co-host

[Sheila13]

Curious for those that use a co-host what percentage of your rental income/reservations do you pay them? Someone indicated 5-8% and then someone else suggested 25%

[Gerry-And-Rashid0]

@Sheila13

I guess it it depends on how much work they have to as a co-host. Are they effectively managing the property for you, from setting prices, to cleaning, to responding to and welcoming guests?

if so then it's a lot of work plus you are dependent on them for your great reviews. In this instance they would expect to receive a higher share of each payout (or a fixed fee per month).

why not take a look at how much a local agency would charge you to fully manage short term lets at your property. That will probably give you the upper level of charges.

[Susan466]

As the prior commenter noted:

"I guess it it depends on how much work they have to as a co-host. Are they effectively managing the property for you, from setting prices, to cleaning, to responding to and welcoming guests?

 if so then it's a lot of work plus you are dependent on them for your great reviews. In this instance they would expect to receive a higher share of each payout (or a fixed fee per month)."

Our co-host does all of the above, including cleaning and general maintenance, and we pay him a straight 40%, which is comparable to other property manement companies in the area which charge 40% PLUS cleaning fees.  We do charge guests a one-time cleaning fee, but we keep that and it offsets what we pay our co-host.

Hope that helps.