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Day: January 4, 2022
“But you didn’t do anything” – Why are commissions due at the time of booking and even when cancellations occur?
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Jan
04
Let’s start with what is a fee or commission? A commission is two things:
1. It buys the homeowner time. Time to spend with their family, traveling, dining out, hobbies, other businesses, or anything else that the homeowner would rather do than working at their investment property.
2. It pays the management company for those services that allow for #1.
According to the blog “A Breakdown of Short-Term Rental Management Fees” from the writers at Hostfully, they write:
“According to Denise ...