Commision Rates
#1
Forum Regular
Thread Starter
Joined: Jun 2011
Location: Fuengirola
Posts: 87
Commision Rates
Hi,
I take care of a holiday apartment for a friend who lives in Madrid.
Generally I meet new clients when they arrive,explain where everything is,give them keys and collect money due.
When they leave I return any deposit,check the inventory,collect keys.
I then do any cleaning that is necessary.
I also do any minor repairs which are required.
I also accept bookings if I am approached personally or by phone.
I am paid an hourly rate for these tasks.
This is where the problem has arisen as I accepted two bookings totalling 800 euros in June and JUly and now the accounts are due I have to submit my claim for hours and commission. Never having worked on a commission basis before I asked the Apt. Owner what she suggested I claim.
I had in mind 15% (a figure plucked out of the blue!) but was somewhat surprised and disappointed when she suggested 10%. I thought this was rather low.
To be fair she did suggest that I should try to check with an Inmobiliria for a guideline but I thought I would ask ex-pats if they have any advice on this.
I know Inmoboliria charge 1 month in advance commission when letting for long term but I have,nt a clue with short term lets.
Any help or advice gratefully accepted.
I take care of a holiday apartment for a friend who lives in Madrid.
Generally I meet new clients when they arrive,explain where everything is,give them keys and collect money due.
When they leave I return any deposit,check the inventory,collect keys.
I then do any cleaning that is necessary.
I also do any minor repairs which are required.
I also accept bookings if I am approached personally or by phone.
I am paid an hourly rate for these tasks.
This is where the problem has arisen as I accepted two bookings totalling 800 euros in June and JUly and now the accounts are due I have to submit my claim for hours and commission. Never having worked on a commission basis before I asked the Apt. Owner what she suggested I claim.
I had in mind 15% (a figure plucked out of the blue!) but was somewhat surprised and disappointed when she suggested 10%. I thought this was rather low.
To be fair she did suggest that I should try to check with an Inmobiliria for a guideline but I thought I would ask ex-pats if they have any advice on this.
I know Inmoboliria charge 1 month in advance commission when letting for long term but I have,nt a clue with short term lets.
Any help or advice gratefully accepted.
#2
Just Joined
Joined: Aug 2011
Location: Alhaurin el Grande
Posts: 4
Re: Commision Rates
My friend runs a property management company, he charges 26% that includes the cleaning and laundry. Hope this helps
#3
Just Joined
Joined: Aug 2011
Posts: 16
Re: Commision Rates
Hi,
I take care of a holiday apartment for a friend who lives in Madrid.
Generally I meet new clients when they arrive,explain where everything is,give them keys and collect money due.
When they leave I return any deposit,check the inventory,collect keys.
I then do any cleaning that is necessary.
I also do any minor repairs which are required.
I also accept bookings if I am approached personally or by phone.
I am paid an hourly rate for these tasks.
This is where the problem has arisen as I accepted two bookings totalling 800 euros in June and JUly and now the accounts are due I have to submit my claim for hours and commission. Never having worked on a commission basis before I asked the Apt. Owner what she suggested I claim.
I had in mind 15% (a figure plucked out of the blue!) but was somewhat surprised and disappointed when she suggested 10%. I thought this was rather low.
To be fair she did suggest that I should try to check with an Inmobiliria for a guideline but I thought I would ask ex-pats if they have any advice on this.
I know Inmoboliria charge 1 month in advance commission when letting for long term but I have,nt a clue with short term lets.
Any help or advice gratefully accepted.
I take care of a holiday apartment for a friend who lives in Madrid.
Generally I meet new clients when they arrive,explain where everything is,give them keys and collect money due.
When they leave I return any deposit,check the inventory,collect keys.
I then do any cleaning that is necessary.
I also do any minor repairs which are required.
I also accept bookings if I am approached personally or by phone.
I am paid an hourly rate for these tasks.
This is where the problem has arisen as I accepted two bookings totalling 800 euros in June and JUly and now the accounts are due I have to submit my claim for hours and commission. Never having worked on a commission basis before I asked the Apt. Owner what she suggested I claim.
I had in mind 15% (a figure plucked out of the blue!) but was somewhat surprised and disappointed when she suggested 10%. I thought this was rather low.
To be fair she did suggest that I should try to check with an Inmobiliria for a guideline but I thought I would ask ex-pats if they have any advice on this.
I know Inmoboliria charge 1 month in advance commission when letting for long term but I have,nt a clue with short term lets.
Any help or advice gratefully accepted.
#4
Just Joined
Joined: Aug 2011
Location: Alhaurin el Grande
Posts: 4
Re: Commision Rates
The norm is CASH either before arrival or on arrival!! I agree 33% should be paid however in reality the owners just wont pay that kind of money!! there are lots of people here in Spain that would do it for much less!! 3/4 years ago €10-12 per hour was the going rate for cleaning its now €7.
#5
Joined: Jun 2011
Location: In the middle of 10million Olive Trees
Posts: 12,053
Re: Commision Rates
is it worthwhile formalising the arrangement and starting your own business with concrete agreement and also look for other work - if you want it that is.
#6
Re: Commision Rates
I would guess rates will vary depending on where you live and how desperate you are for work. 10% seems very low, even @ mates rates. 10% may be OK if the property rents at 1,000€ per week but not at 250€. I would have thought a fixed rate X€ would be more appropriate.
You really ought to have agreed the rate in advance.
You really ought to have agreed the rate in advance.
Last edited by missile; Sep 2nd 2011 at 1:02 pm.
#7
Re: Commision Rates
The norm is CASH either before arrival or on arrival!! I agree 33% should be paid however in reality the owners just wont pay that kind of money!! there are lots of people here in Spain that would do it for much less!! 3/4 years ago €10-12 per hour was the going rate for cleaning its now €7.
#9
Joined: Jun 2011
Location: In the middle of 10million Olive Trees
Posts: 12,053
Re: Commision Rates
Hi,
I take care of a holiday apartment for a friend who lives in Madrid.
Generally I meet new clients when they arrive,explain where everything is,give them keys and collect money due.
When they leave I return any deposit,check the inventory,collect keys.
I then do any cleaning that is necessary.
I also do any minor repairs which are required.
I also accept bookings if I am approached personally or by phone.
I am paid an hourly rate for these tasks.
This is where the problem has arisen as I accepted two bookings totalling 800 euros in June and JUly and now the accounts are due I have to submit my claim for hours and commission. Never having worked on a commission basis before I asked the Apt. Owner what she suggested I claim.
I had in mind 15% (a figure plucked out of the blue!) but was somewhat surprised and disappointed when she suggested 10%. I thought this was rather low.To be fair she did suggest that I should try to check with an Inmobiliria for a guideline but I thought I would ask ex-pats if they have any advice on this.
I know Inmoboliria charge 1 month in advance commission when letting for long term but I have,nt a clue with short term lets.
Any help or advice gratefully accepted.
I take care of a holiday apartment for a friend who lives in Madrid.
Generally I meet new clients when they arrive,explain where everything is,give them keys and collect money due.
When they leave I return any deposit,check the inventory,collect keys.
I then do any cleaning that is necessary.
I also do any minor repairs which are required.
I also accept bookings if I am approached personally or by phone.
I am paid an hourly rate for these tasks.
This is where the problem has arisen as I accepted two bookings totalling 800 euros in June and JUly and now the accounts are due I have to submit my claim for hours and commission. Never having worked on a commission basis before I asked the Apt. Owner what she suggested I claim.
I had in mind 15% (a figure plucked out of the blue!) but was somewhat surprised and disappointed when she suggested 10%. I thought this was rather low.To be fair she did suggest that I should try to check with an Inmobiliria for a guideline but I thought I would ask ex-pats if they have any advice on this.
I know Inmoboliria charge 1 month in advance commission when letting for long term but I have,nt a clue with short term lets.
Any help or advice gratefully accepted.
how is she advertising the properties at the moment ?
if using an internet agency such as holidaylettings.co.uk, how much commission do they take ?
does that commission apply if she takes a booking say from mum or man next door ?
does she take private bookings and include them in her private useage ?
I think she is being fair asking you to have a chat with someone in the business, but you are doing front end marketing, the same as the girl in tight pants on the beach, so should get a reasonable commission.
perhaps she may well give in to the 15% if you have a bit of evidence, knowing how well you will have sold the property.
last thing she will want is for you to say "I don't know but fone this number" and leave it all up to her.
hth
#10
Forum Regular
Thread Starter
Joined: Jun 2011
Location: Fuengirola
Posts: 87
Re: Commision Rates
THANK YOU ALL FOR YOUR VARIED AND HELPFUL ADVICE.
I AM PAID AT 10 EUROS AN HOUR FOR THE GENERAL WORK I DO.iT SEEMS THIS IS ABOVE THE AVERAGE ACCORDING TO SOME REPLIES HERE BUT I THINK IT IS FAIR BEARING IN MIND THE RESPONSIBILITIES INVOLVED,I.E. ACCEPTING CASH WHEN CLIENTS ARRIVE.
THIS IS THE FIRST SUMMER WE VENTURED INTO THIS AND WE HAVE LEARNED A LOT.
BEING FRIENDS AND THE WORK NOT BEING OF A PERMANENT NATURE A CONTRACT WAS NEVER DISCUSSED AS WE BOTH PROBABLY ASSUMED IT WOULD NOT BE NECESSARY. HOWEVER THIS IS SOMETHING WE WILL HAVE TO DISCUSS FOR NEXT YEAR AND TO HAVE A FORMAL CONTRACT WOULD MAKE SENSE.
I THINK I WILL SUGGEST THAT HAVING TAKEN ADVICE 20% WOULD BE A FAIR COMMISSION GIVING ME 160 EUROS FOR MY EFFORTS IN SECURING TWO BOOKINGS TO THE VALUE OF 800 EUROS.
THE PROPRIETOR MAY DISPUTE THIS IN WHICH CASE I WILL SETTLE FOR 15% WHICH UNIVERSALLY FROM THE ABOVE ADVICE WOULD SEEM TO BE THE AVERAGE PERCENTAGE SUGGESTED.
ONCE AGAIN THANK YOU ALL FOR YOUR HELP. I KNEW I COULD RELY ON EX PATS TO OFFER ADVICE ON THIS TOPIC.
I AM PAID AT 10 EUROS AN HOUR FOR THE GENERAL WORK I DO.iT SEEMS THIS IS ABOVE THE AVERAGE ACCORDING TO SOME REPLIES HERE BUT I THINK IT IS FAIR BEARING IN MIND THE RESPONSIBILITIES INVOLVED,I.E. ACCEPTING CASH WHEN CLIENTS ARRIVE.
THIS IS THE FIRST SUMMER WE VENTURED INTO THIS AND WE HAVE LEARNED A LOT.
BEING FRIENDS AND THE WORK NOT BEING OF A PERMANENT NATURE A CONTRACT WAS NEVER DISCUSSED AS WE BOTH PROBABLY ASSUMED IT WOULD NOT BE NECESSARY. HOWEVER THIS IS SOMETHING WE WILL HAVE TO DISCUSS FOR NEXT YEAR AND TO HAVE A FORMAL CONTRACT WOULD MAKE SENSE.
I THINK I WILL SUGGEST THAT HAVING TAKEN ADVICE 20% WOULD BE A FAIR COMMISSION GIVING ME 160 EUROS FOR MY EFFORTS IN SECURING TWO BOOKINGS TO THE VALUE OF 800 EUROS.
THE PROPRIETOR MAY DISPUTE THIS IN WHICH CASE I WILL SETTLE FOR 15% WHICH UNIVERSALLY FROM THE ABOVE ADVICE WOULD SEEM TO BE THE AVERAGE PERCENTAGE SUGGESTED.
ONCE AGAIN THANK YOU ALL FOR YOUR HELP. I KNEW I COULD RELY ON EX PATS TO OFFER ADVICE ON THIS TOPIC.