The division of rental income between the property owner and a property management company or platform.
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Glossary Term: Property Management Fees
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A legally binding agreement between a property owner and a property manager that outlines the terms of their business relationship.
A mutually agreed-upon framework between property owners and co-hosts or property managers that determines the rental rates, fees, and any revenue sharing arrangements for a short-term rental.
The various expenses involved in providing short-term rental services, including cleaning fees, property management fees, platform fees, and maintenance costs.
A pricing model used by some property management companies where they charge a percentage of the rental income as their fee. Also known as a commission-based model.
A one-time fee charged by some property managers to cover the initial setup of a short-term rental listing, including photography, listing creation, and initial marketing.
A charge levied by some property management companies or platforms to cover the administrative costs associated with managing a short-term rental property.
The fee charged by a property manager or management company for their services, typically calculated as a percentage of the rental income generated.