The speaker, Smith, is explaining to Rebecca about Airbnb service fees and host only fees. He explains that typically, Airbnb charges the host 3% of the set price, and the remaining amount is delivered to the host's account after the stay. He also mentions that Airbnb marks up the property price for the guest, resulting in a service fee. Smith suggests that Rebecca could opt to set a host only fee, where she would set her price higher to account for the service fee. He warns that this could be complex for a new host and does not recommend using a channel manager unless managing multiple properties due to additional fees. He offers to send Rebecca an article and to have a Zoom call to further explain the process.
hi Rebecca marks Smith here it is Wednesday the 26th of April sorry I had literally just woken up uh when I answered you earlier this morning and I actually didn't sleep that all that well I had dogs barking in the night which is a big pain but anyway I'm sorry I couldn't answer you on the spot now I think what your question relates to is something called uh well yeah it's called Airbnb service service fees and um uh it can be a little bit confusing uh there can be something called host only fees and I'll send you some links um and if you want to you can um yes if you if you want to you can actually opt to um set what's called a host only fee so let's say it's $100 let's say that I'll explain how it works um it's $100 um typically typically it works like this Airbnb charges the host 3% so if it's $100 you you set your price at $100 uh it it delivers EB andb after the stay it delivers to your account about very close it's going to be very close so this will give you a very good guide about $97 goes into your um pardon me into your bank account it marks up your uh property to $114 so the guest so there is actually a service fee of about um on that basis 177% now I'm not I'm actually not 100% sure uh whether you can um I know I do it I do it but I I'm probably a little bit different because I've got um several uh properties and I use use a different I use what's called a channel manager it's a little complicated so if this is your first Airbnb I would not recommend uh that you use a channel manager I think you you can manage it sorry you can manage it uh yourself through Airbnb but um my phone doesn't stop rigging um so I know this is probably a little complex but um I'll send you an article call on how you can select to to have what's called host only fees now what it would mean and I I think I think it can do this for you uh you can set to have what's called host owning fees now you'd need to um set your price at $115 yourself $ 114 and in which case Airbnb would still take about 15% but it might be as high still as 17% um I don't know that one off the top of my head now I use what's called a channel manager so that means I don't use all of airbnb's Hosting tools and therefore they give me a rate of 15% but um it's host only so I know that's a little complex um if you want to I'll send you a zoom link and you can um you can absolutely definitely uh book a zoom time uh call with me if you wish and i' be only too happy to work through yeah I I think when you select host I actually think when if you don't use a channel manager it's still it's host only fees and you get charged 177% so you still um so the example that you're talking about I think that the host has has probably when they've got their bookings say on Airbnb stays verbo um booking.com whatever so that this the prices are are the same across all different um channels they they set the fees to be host only I think that's probably what is going on um in your case when being a I think a brand well I asked you and you said you hadn't had your first guest yet I think being a brand new host I would not recommend to um use a channel manager especially when you've only got the one property that you're managing because uh the channel manager then charges you fees um so it does end up getting up to 17% Anyway by the time you by the time people like me pay 50% plus channel manager fees so I know that's a very complex uh answer um but it's designed so that um people like me I I don't I actually don't use anyone else other than Airbnb but other I know plenty of other people that do use other channels uh to distribute and online travel agents and and it's designed to make a Level Playing Field Complex answer I know I'm sorry I can't give you anything less complex but I think that that's the accurate answer I'm pretty sure um I'm pretty sure uh the other one that you're comparing to is is paying 15% well there's 15% included in their nightly
rate but it shows to the guest that there's no guest service fee and that's the 3% and 14% that I was I started the conversation so if you're unclear hit rewind and go back to the beginning of this um video and rewatch that oh by the way you can speed this up as well um to one and a half two two times uh um I hope that's self-explanatory if you need to have a zoom call give me a call uh your place looks actually very nice uh so I'm going to add it to a wish list and you never know I might come see you and stay with you one time in the future thanks very much good luck with your hosting Penny um penny sorry Rebecca Rebecca I'm sorry oh my gosh my phone just doesn't stop that was Penny that rang okay thanks million talk soon Rebecca.