If you’re an Airbnb host, you’re probably wondering how much do Airbnb property managers charge. The fee that Airbnb property managers charge is usually a commission based on the amount of money that they make on your property. Usually, this percentage ranges from 5% to 25%, depending on a number of factors. The Airbnb management fee is the price that a property manager charges you based on the amount of money that your property earns each month.
Airbnb property managers usually earn a salary of $57,810 a year and $28 an hour. The starting salary is $36,700, but it can climb as high as $57,000 per year. The job growth is average – there will be nearly a 7% increase in the next ten years. If you’re interested in becoming an Airbnb property manager, consider taking the steps to become one.
Some property managers charge flat fees for their services. Others charge a percentage of your rent fee. While some management companies offer a flat fee, this is not as beneficial for you if you end up with double bookings. Other types of management fee depend on how much money you’d like to invest in the property management process. Flat fees are usually less than a thousand dollars. Commission-based vacation rental property managers earn their money when they help you make money. Their fees range from ten to thirty percent of the total amount of net bookings.
Before hiring an Airbnb property management company, you’ll need to decide on the strategy and scaling your operations. If you want to make money, you should write a business plan and make sure that your property manager has a proven track record of following regulations and paying taxes. You also want to consider whether they charge a fixed fee or a commission based on the amount of money generated by your guests. This way, your property manager’s incentives are aligned with yours.