Short Term Rental Riches 141. Are you charging the correct cleaning fee?
Jul 26, 2022
Discovering the right cleaning fee can make or break rental profits! The host reveals insights on what happens if your fee is too low or too high, potentially leading to thousands in losses. Learn strategies for calculating a fair fee that balances costs and competitiveness. Explore how market conditions affect pricing, and why perceptions from housekeeping and guests matter. This discussion is essential for maximizing your rental income while ensuring fairness.
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Adjust Cleaning Fee Regularly
- Regularly review and adjust your cleaning fee to reflect current costs and market conditions.
- Check your listing views and bookings after changes to gauge customer response and seasonality effects.
Cleaning Fee Profit Experience
- Tim shares that his cleaning fees often match or barely exceed costs, so they are not a major profit source.
- Full-time hourly housekeepers can generate more revenue from cleaning fees than per unit payments.
Cleaning Fee Affects Booking Perception
- Charging too high a cleaning fee can discourage short-term stays and lower booking rates.
- Guests perceive fairness in pricing, especially for shorter stays, affecting their booking decisions.