Property Management Fees for Kelowna Vacation Rentals & Airbnbs
Managing an Airbnb vacation rental property
When it comes to managing an Airbnb vacation rental property, there are many questions investors have on their minds - with the number one question being how much does it cost to hire a professional short-term rental property manager?
Keys To Kelowna has been providing professional management services to investors since 2013. We have a wealth of experience with every type of investment property, from lakefront estates, single-family homes and condos. Our team is committed to excellence in safety and security, maintenance and customer service, so you can be sure your investment will get excellent care.
What percentage do property managers collect?
Typically, a long-term rental licensed property manager in British Columbia takes 50% of the first month and 10% of the rent for every month afterward. With short-term vacation rental management in Kelowna, our commissions are fixed and based on the gross nightly revenue that the property earns.
The rates we collect depend on a few factors; the property's earning potential, the length of the rental season available and the size, quality and location of the property also factor in the commission collected.
Investors can expect to keep up to 80% of the total gross rental revenue. In general, a 25% management fee is collected for properties that earn over $100,000. For any property that makes under $100,000 a year in gross revenue, a 30% fee is invoiced.
Contact us to discuss this opportunity.
What does the management fee cover?
Our services are all-inclusive, where we manage everything from A to Z. Perfect for the remote investor.
Some of the services included in our fees cover:
Booking Management
Listing Management
Revenue Management & Dynamic Pricing
Direct Payment Processing
Full-Service Marketing
Photography & Videography
Social Media Promotion, Ads & PR
24/7 Guest Communication & Customer Service
Noise Monitoring & Security
Departure Inspections
Enhanced Cleaning
Inventory & Restocking
Maintenance & Trade Coordination
Claims & Damage Recovery
Security Checks during vacancies
and help with any obstacles that come up
All you need to do is watch the deposits stream into your account, keep the lights on, and we handle the rest.
Are there any start-up fees?
Before launching a property online to rent, there are several administrative duties we coordinate and execute for homeowners. We do have a small setup fee that depends on the property size. We create custom accounts for each property, launch the listing on our website for direct booking, set up payment authorization to deposit all funds directly into the investors' accounts, prepare business license submissions, produce a welcome book, publish a digital self-check-in guide, conduct our inventory audit, safety inspection walk-through and stage the property for our professional photoshoot. All of this is included billable time in our one-time setup fee.
Are there any other fees?
Homeowners can hire us to take care of special projects where these tasks fall outside the scope of what's needed for how to host a guest. Deana has years of experience in the home building industry and real estate development. Help with facilitating trades, coordinating with interior designers, managing renovation projects, or preparing for a special occasion where a property owner requires help would be considered an extra service. We bill for these on an hourly or per-project basis. Reach out today to go over your particular project.
Who pays for the cleaning fees?
Departure cleaning fees are covered entirely by the guest. Cleaning fees are collected at the time of booking and deposited directly into the homeowner’s bank account. Keys to Kelowna pay the cleaners according to their payment schedules and then invoice the homeowner for reimbursement once per month. The initial deep-clean to prepare the property to hospitality standards, cleaning after the homeowner stays, and any post-construction cleans would be an additional cost and billed as per contract.
We are transparent with our fees and what is included to avoid surprises for either party. We want to ensure that homeowners understand what they can expect from their vacation rental property manager.
Keys To Kelowna is proud to offer a commission structure to earn you money and keep your investments safe.
Contact us today if you have any questions about our management or commission fees.
