How much revenue can you generate for me?
The answer depends on many factors including type of property, location, view, amenities, owner use and overall presentation/decor. We will provide an estimate based on comparable properties in the area.
How do you decide what to charge for my property?
Depending on the property, some complexes have pre-determined rates. If that is not the case, the factors that help determine pricing are mainly the view orientation, number of bedrooms, amenities, decor and comparable properties.
How and when do I get paid?
Owner statements are generated each month by the 10th for the previous month’s revenue. Funds are directly deposited into your bank account and your monthly statement is sent via email.
What is your percentage fee based on?
Our fee is strictly based on rent received. A guest stay based on a daily or weekly rate is commissioned at 25% and a monthly rate is at 20%. A lesser fee is charged if the booking is owner generated. When a friend or relative is staying at no charge there is no fee.
How is cleaning handled?
We have several independent contractors that we partner with for housekeeping services. They clean the property upon each guest departure and leave a starter supply of basic supplies. In most instances, this fee is shared between the guest and owner. After your property is cleaned, a Hodnett Cooper inspector conducts a detailed inspection to ensure the property meets our standards.
What is the linen program and how does it work?
Each property requires the purchase of linens from our linen program. This includes 2 sets of sheets per bed and 4 sets of towels per bathroom plus kitchen towels. These are all white interchangeable linens. Each time the property is cleaned the housekeeper provides clean linens and removes the old linens for laundering. Mattress pads, pillows, blankets and any other bedding are not part of the linen package. A linen replenishment is billed annually to ensure quality remains consistent.