So thinking of renting my 2 bed out full time with a managment comp while I sort out personal circumstances, they have sent me some figures but these could be wiped out/ nearly negated by cleaning charges at £50 a time.
Here are some of the figs they sent me...
Dec... 26 percent occupancy, gross £1048
- 18 percent (manament +vat)
- overheads £750
Changover fees are easy its weekend bookings x4 or 5 max @ 50 =250 max
Aug 98 percent occupancy, gross £4315
What would the expected number of bookings be for that??
Nb. it is a city center location with a sea view so I expect the figures predicted to accurate or slightly concervative
To be honest I'm a co-host myself in the UK and I don't understand how they have structured their figures @Greg306
what they should be telling you is
1. how much they think you can charge for your listing
2. Giving you a cleaning fee that is recharged to guests
3. what commission they charge for their service
what they charge for restocking etc
cleaning and linen fee should be recharged to the guest
do make sure you only use a management company or co-host that puts the listing in your name and that contract has a notice period if either of you want to give notice if you are not happy with how the relationship is working
3 night stay @ £ 100 per night ~ £300
agency commission say - 20% - £60
less Airbnb commission (which varies slightly)
have you checked comparable places in your area to see what they charge ?
have you checked on Airdna to give you an idea of occupancy rates in your area