420. Hosting Hotline: What Does Airbnb’s 15% Fee Mean for You?

Welcome back to the Hosting Hotline! This is your go-to space to ask questions about Airbnb, short-term rentals, real estate, and everything in between.

Shannon asks:

I’ve been listening to your podcast and am inspired to create a direct booking site for my short-term rentals. However, I didn’t realize Airbnb charges a 15% fee when using property management software (PMS). How do I adjust for this? Also, do you have any tips for encouraging guests to leave reviews without being too pushy?

(00:00:00) Introduction

Sarah and Annette explain how Hosting Hotline works and welcome today’s question from Shannon.

(00:02:00) Understanding Airbnb’s 15% Fee

Learn why Airbnb’s fee structure has changed, how it impacts your profitability, and strategies to adjust your rates using tools like PriceLabs or your PMS.

(00:06:00) Encouraging 5-Star Reviews

Sarah and Annette share proactive tips for inspiring guests to leave reviews during and after their stay, including creative messaging strategies and visual reminders in your property.

(00:10:00) Practical Examples and Resources

Hear real-world examples of hosts who have successfully increased reviews and maintained competitive pricing while navigating Airbnb’s 15% fee.

Thanks to everyone who submitted questions. To hear your voice on the show and send a question to Sarah and Annette, visit hostinghotline.com.

Resources:

• Click Here for Full Show Notes
• Watch: How to Create a Direct Booking Site for Your Airbnb Business
• Watch: How to Respond to Negative Airbnb Reviews
• Hosting Essentials Checklist: hostchecklist.com
• Pricelabs
• Hostfully