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Investment
Management fee
A management fee is what an operator charges to run a property, usually as a percentage of booking revenue, sometimes as a fixed monthly amount. What the fee includes — and what is billed separately — varies widely between operators.
How Management fee is calculated
Management fee = Booking revenue × Fee %
Compare operators on the base the percentage applies to: gross booking value, revenue net of platform commission, or revenue net of commission and cleaning.
Why Management fee matters for your revenue
Headline percentages are not comparable until you know the base they apply to and which costs are excluded. A lower percentage with several extras billed on top can cost more than a higher all-inclusive fee.
Related terms
- Gross booking valueGross booking value is the total amount guests paid for confirmed stays in a period, before platform commission, management fees, cleaning costs, taxes and any other deduction. It is the top line of a property's performance.
- Net operating incomeNet operating income is the revenue a property generates after operating expenses but before mortgage payments, depreciation and income tax. Operating expenses include management, cleaning, utilities, insurance, supplies and routine maintenance.
- Cleaning feeA cleaning fee is a one-off charge added to a reservation to cover turnover cost. It is charged per stay rather than per night, so its effect on the total price a guest sees is largest on short bookings.
- Rental yieldRental yield is annual rental income as a percentage of property value. Gross yield uses income before costs; net yield uses income after operating expenses and is the more meaningful figure for comparing investments.
Airbnb Management at Pinnacle Path
Management fee sits inside our airbnb management work. See how we apply it market by market.