Best way to work with management clients (Ep 583)

Get Paid For Your PadAug 10, 202347m 21s176 viewsScore 85
Pricing & Profitability
intermediate
management fees
gross vs net revenue
client contracts
property management software
fee structures
M

Summary

AI-generated

Learn how to structure short-term rental management deals by understanding fee structures, client communication, and the benefits of managing listings under your company account. This episode offers insights into transitioning from co-hosting to a full management model for better control and service.

Key insights

  • Charging a management fee based on gross rental revenue, which includes cleaning fees, is often simpler for clients to understand and more efficient for creating owner statements.

Mistakes to avoid

  • Relying solely on referrals without active marketing can limit growth; proactive outreach to potential clients and building a marketing strategy are essential for scaling.

Tools & resources

  • WeHost Canadaservice

    WeHost Canada's website is a resource for viewing their listings and contacting them for property management services.

Frequently Asked Questions

Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial