Serviced Accommodation Management Fees & Costs

I am going to list for you all of the serviced accommodation management fees related to taking a booking for a guest.

Many people looking to explore the serviced accommodation market can see the high yield or high pricing on Airbnb, but also understand there must be many more costs then traditional rental, but how can you calculate if it is more profitable or not, if you just want a quick answer then click the link below and we will estimate the costs for you, if you are wanting to explore there is 4 main costs.

Management fees.
Maintenance.
Cleaning, Laundry & supplies.
Booking platform fee.

Serviced accommodation management service costs

Serviced accommodation management companies charge a percentage of the rental income generated from your property management for the property owners, typically ranging from 12% to 20% of the total booking. This fee covers the various services they provide included with our property management, such as:

Marketing.
Booking management.
Guest communication.
Property maintenance.
Cleaners.
Reviews.

When evaluating the cost of a holiday let management company, it's important to consider the value they can provide in terms of increased occupancy rates, higher rental income, and reduced operational headaches for the property owner.

A well-chosen management company can often offset their fees by generating more bookings and optimising the overall performance of your vacation rental.

Booking platform Fees

Your management company will list you on different booking websites, most platforms charge 15%, though some commission rates and fee structure can vary, i will list the fees typically for some platforms:

Airbnb - One of the largest and they charge the most 15%.
Booking.com - The biggest in the UK, they charge 15%.
VRBO - Up and coming, they charge 6%.
Google - Useful for visibility in direct bookings, they charge 6%.

It is important to note any good management company will also have a direct booking website, the fees for this should be 0% and will increase profit, so it is important your management company has one or some kind of website in which potential guests can book directly, if you want to see an example of a direct booking website you can see ours here.

Let us calculate your costs

Cleaning, Laundry & Supplies for properties

This is a bit more complicated operational fees, Airbnb cleaners will charge a price for 1 changeover after a guest has stayed, it is important that this price is no more then 20% of your total booking value from a guest, if it is not going to be very difficult to make a profit, you need to make sure the price includes:

Linen & towels - Guests need fresh sheets and towels to stay.
Supplies - tea, coffee, sugar and fairy liquid, you might think these are not essential, but they are and this will be reflected in bad reviews if you do not have them.
Inspection - Cleaners also need to do an inspection of the property to report any issues that need addressing beyond the cleaners control, this is very important.
VAT - If your cleaner is VAT registered, the price for a changeover needs to include VAT.

Property Maintenance & Repairs

This should have a goal of no more then 5% of revenue for your properties repairs to get the right returns , if your management company is good then they should be trying to hit this target, but it is important to have a property that is of good build quality as you will pay for this in the long run if you have not refurbed your property in a long time or when you do refurb the property it is done cheap, as an investment the property needs to be setup in the best way to succeed.

Let us calculate your costs

Estimate your Airbnb income

Our process in estimating your Airbnb income is simple and effective.

An image showing other Airbnb properties and their income

Analyse Airbnb competition

The Airbnb estimator analysis will take 12 long term rental properties nearby of a similar size using Airbnb data and create an average of those 12.

You will also be able to see total revenue of those close by properties as well as:

Occupancy rate.
Nightly rate.
Available nights.

I'm Interested

Monthly & annual forecast

Now Airbnb is a seasonal business and income is always going to change month by month which is why we are on hand with our experience too.

This analysis data is going to help us find the good and bad months for your properties so we can best prepare for what lyes ahead in the Airbnb market as it changes and plan for expected returns on investment.

Estimate my income

Property Breakdown

Then we go a step further.

Now we have the Airbnb income analysis data, we can enter our costs data and expenses to get an idea of the profit required.

If you are unsure of what costs or data to add here is a guide:

Booking fee = 15%.
Management fee = 18%.
Cleaning costs = 18% of the revenue.

These are standard costs to pay for any guest staying and covers everything you need from supplies & linen all the way through to guest communication, maintenance and pricing.

Now you can take the estimated revenue then deduct some costs to see the Airbnb profit calculator come to life using as much data as you can inputted into it.

See Our Case Studies

At Stayful, we go beyond estimates and use data combined with experience

we provide a detailed, data-driven analysis of your property's earning potential on Airbnb Using advanced software
We check how your property compares to others and show you how to earn more with Airbnb and our service.
See real examples where we've not only met but exceeded our rental income projections and return on investment. Let the numbers speak for themselves.

Case Study Newcastle

Case Study Lincoln

Case Study York

Case Study Leeds

Calculate Your Holiday Let Income

Interested Our Free Tools ?

We want to provide the maximum value for people wanting to explore the world of Airbnb & serviced accommodation, we have many other free tools and resources for you to take advantage of.

Free Facebook Group

Airbnb Mastery Academy

Stayful Deal Analyser

Airbnb Income Calculator

Install smoke detectors, carbon monoxide detectors, and fire extinguishers. Provide clear emergency instructions, secure access with locks or keyless entry systems, and maintain the property to prevent hazards. Or, you can have a holiday let management service like Stayful Holiday Let Management do it all for you.
For more info click here.
Establish Clear Communication.
Clear communication is key to a seamless check-in and check-out process at your holiday let property. Before your guests arrive, provide them with detailed information about:
Check-in and check-out times.
Directions to your property.
Parking arrangements.
Key collection or keyless entry instructions.
Contact information for any queries or emergencies.
Consider creating a comprehensive welcome guide that includes all the necessary information, and send it to your guests via email a few days before their arrival. This will help manage expectations and reduce the likelihood of confusion or misunderstandings.
Create an emergency response plan, including procedures for natural disasters, medical emergencies, or property damage. Ensure guests have access to emergency contact information and provide assistance as needed. Or, you can have a holiday let management service like Stayful Holiday Let Management do it all for you.
For more info click here.
Rent to serviced accommodation is where you find a willing landlord prepared to accept a fixed long term rent, but with the understanding that you are going to use his property as a serviced accommodation property and make the difference between the rent and what you get per night.
No serviced accommodation is not illegal, however it is important that you let the right people know what you are doing and intend to do before you put your property as a serviced accommodation property on platforms like Airbnb.
For more info click here
This is not straightforward answer as different properties in different locations will produce different results, however your property could make up to £10,000 per month or as little as £1000 per month, we have created a free income calculator for you to find out for yourself.
For more info click here
Management companies charge between 12%-20% for management, some may charge some extra fees and some may not, to get an accurate price reach out to one directly.
For more info click here.
The short answer is no, you do not need planning permission to turn your residential property into a serviced accommodation property, however this is something that could change in the future and their are some things you need to do before turning your property into a short stay accommodation.
For more info click here.
Serviced Accommodation is where a landlord or property owner lets out property on a short-term basis usually on platforms like Airbnb and charging per night vs per month for normal tenancies.
For more info click here.
Serviced Accommodation is a tricky market and is heavily reliant on supply & demand, if you want to master serviced accommodation you need to be able to understand how to assess this and more importantly, understand how that will turn into not just revenue, but profit, we are going to show you the best way to get started in how to do this.
For more info click here.

Serviced Accommodation FAQ

Respond professionally to complaints, addressing any valid concerns and outlining steps taken to resolve issues. Learn from feedback and implement improvements to prevent future problems. Encourage satisfied guests to leave positive reviews. Our specialist holiday let management service deals with these details so that you don’t have to.
For more info click here.
Respond promptly to maintenance requests, have a network of reliable contractors, and fix issues as quickly as possible. Communicate with guests about the situation and offer compensation or alternatives if necessary. Our specialist holiday let management service deals with these details so that you don’t have to.
For more info click here.
Follow data protection regulations, such as GDPR or other local laws, to protect guest information. Store personal data securely, limit access to authorised individuals, and obtain guest consent for marketing or promotional purposes. Or, you can have a holiday let management service like Stayful Holiday Let Management do it all for you.
For more info click here.
Use high-quality photos, compelling descriptions, and competitive pricing. Offer unique amenities or experiences, and maintain excellent guest reviews. Promote your property through various channels, including social media, websites, and local partnerships. Talk to a holiday let management service like Stayful Holiday Let management.
For more info click here.
Establish a clear cancellation policy, including deadlines, fees, and refunds. Communicate the policy to guests, and handle changes or cancellations according to the agreed-upon terms. Use booking platforms or software to manage cancellations and rebooking. Our specialist holiday let management service deals with these details so that you don’t have to.
Managing bookings and payments is a crucial aspect of running a successful holiday let. It involves establishing clear policies, using secure payment methods, and ensuring a smooth booking process for your guests. Here are some strategies for effectively handling bookings and payments for your holiday let:
Maximise bookings by adjusting prices, offering flexible booking options, and promoting your property on various platforms. Prepare for high demand by ensuring adequate cleaning and maintenance schedules and managing booking calendars effectively. Talk to a holiday let management service like Stayful Holiday Let Management
For more info click here.
Establish a clear policy for group bookings, including maximum occupancy, additional fees, and house rules. Ensure your property is suitable for large groups and provide necessary amenities. Communicate expectations clearly to guests. Talk to a holiday let management service like Stayful Holiday Let Management.
For more info click here.
Set transparent fees for additional services or requirements, such as cleaning, pet accommodations, or extra guests. Include these fees in your listing and booking platform and communicate them to guests in advance. Or, you can have a holiday let management service like Stayful Holiday Let management do it all for you.
For more info click here.
Hire a professional cleaning service or create a thorough cleaning routine. Schedule regular deep cleanings, and maintain a checklist for each cleaning session. Replace worn or damaged items and perform regular maintenance. Our specialist holiday let management service deals with these details so that you don’t have to.

Complete Serviced Accommodation Management

We will deal with all guest communication for your airbnb so you do not have to.
We will manage the seasonality using our experience of the airbnb market and make sure you can always get the best rates for your property.
We have experienced, reliable, proven cleaners who we have a great relationship with giving you access to quality cleaners through our serviced accommodation management
We use our expertise when dealing with all the major booking platforms in order to maximise your reach.
Our serviced accommodation management team also can deal with any maintenance issues in your property no matter how big or small
It is important that your property does not cause a negative impact on the local community and that guests look after your property. This is why we thoroughly vet each booking and have maintained a great track record when it comes to guest damages and disturbance.
We hold ourselves accountable through reviews and have a great track record in the area so you can be sure that your property will be well reviewed.