Total Revenue = Revenue made from all Booking Channels fluctuates due to many factors. One of the main factors is seasonality.
Total costs = Fixed costs + fluctuating costs.
Fixed costs = Gas, Electric, Council tax/Business rates and Internet.
Fluctuating costs = Essentials, Airhosts4u Management Fee, Cleaning Fee, Booking site service fees.
Total Profit = Total Revenue – Total Costs
Fixed Rent = of £650 not including bills. Airhosts4u will sort out all the bills and council tax/ business rates.
This is perfect for landlords who take pride in their property, you can visit it whenever you want to do check-ups and we are happy work with you to keep it to a standard you desire.
Every year we will sit down and discuss yearly maintenance costs that should be provided to keep the property to the same condition to when we initiated the contract. An improvement report will also put together to help both parties have a better outcome for the future.
Management fee = (Listing Income + Cleaning Fee) * 15% management fee. The better we perform, the better the outcome for both parties.
Example of 3 nights booked for £90.
((Daily Rate x Nights = Listing Income) + Cleaning Fee) – Variable Booking Site Service Fee = Total
(( £90 x 3 = £270 ) + £35 ) – £11.34 = £293.66
Total – (Management fee + Cleaning) = Profits before bills.
£293.66 – (£45.75 + £35 ) = £212.91
Maintenance costs = This is not included in this graph. Maintenance is far more regular in the short-term market.
This is to keep the property in a good condition at all times. including painting walls and external upkeep.
In the fixed term rate we will take responsibility for basic maintenance aka light bulbs, loose furnishings.