Also, you may find yourself with a lot of common area cleaning which are shared between units. In either case, having a precise knowledge of your janitorial turnover costs on a per-listing and per-staff basis, will provide you with the metrics you need to manage the staff you’ll want to retain while firing those who aren’t working out.ĭepending on the size of your operation, you may be inclined to hire not only cleaning staff, but also supervisors and inspectors. Some companies hire 1099 contractors and pay a fixed amount on a per-job basis while other companies hire full-time hourly employees on W-2s. At the same time, you need to figure out how to keep these costs reasonable. Getting this operation correct will have a significant influence over your guest’s reviews and it will materially affect your brand over time. You have only one chance to make a first impression on each of your guests when they check into your listing. This account includes the cost of deploying staff to clean and prepare listings for the next guest after each checkout. In the accommodation business, it’s no secret that janitorial and turnover operations are considered a core component of your business, especially for larger operations. For more details about this, see the following article “What You Need to Know about Airbnb’s 1099-K IRS Filings for Hosts”. You’ll need to keep track of Airbnb Host Service Fees to properly expense in your tax filings or else you may end up paying more taxes than you should. You’ll also be able to more accurately assess the worthiness of advertising and obtaining guests directly on your own website.įinally, it is important to note that Airbnb report the gross amount of earnings, which means they do not subtract any of the Airbnb Host Service Fees in their 1099-K filings to the IRS. Some might also consider any Guest service fees as a cost of doing business with Airbnb as well, and if you use Bnbtally, you’ll be able to account for both Guest and Host fees automatically.Įither way, with this knowledge, you’ll be able to compare the cost of obtaining guests on Airbnb vs other platforms. Keeping track of this cost will tell you how much you are paying Airbnb for their service. It is also sometimes referred to as the “Host Fee”. This account is the 3% service fee charged by Airbnb (for some it may be 15%) and is a direct cost of obtaining a guest for each reservation on the Airbnb platform. Large Appliances, Furniture & Equipment AssetsĪirbnb Costs: Depreciation on Large Appliances, Furniture & Equipment AssetsĪirbnb Costs: Repairs, Maintenance & GardeningĪirbnb Costs: Property Automation, Locks & Security CostsĪirbnb Costs: Home Owners Association Costs
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