Post by High Priestess on Sept 21, 2017 23:17:32 GMT
OYO is a new short term rental platform in India, wanting to be India's Airbnb. But they are different in that they do all the property management of the properties they list. I don't know if you can chooose to do this yourself.
This company, called OYO Home, is already active in popular holiday destinations like Goa, Manali, Shimla, Nainital, Coorg, and Pondicherry. So far, the company has listed over 300 homes across these five cities and promises 80% occupancy. The owner makes anywhere between 50% to 70% of the total monthly revenue from the property, Kavikrut said. The company refused to share details about how the financials of the model would work.
What if you want to handle your own day to day operations and check ins? I get the sense that isn't 'an option with this company. 50% of your profit is a lot to pay for someone to manage it. In fact for hosts in many places in the US at least, giving 50% to a property manager and listing company, would mean operating at a loss. I don't think it's easy to make such a high profit that you're gaining more than 50% over actual expenses.