Here collects two management fees for our service:
1. Asset Management Fee - We collect a quarterly asset management fee of 0.25% based on the total asset value of each property on the platform. The fee is paid out of the income from the property each quarter. This fee covers services such as asset management, automated payout distributions, and investor relations.
2. Property Management Fee - We collect a property management fee of 25% based on the gross revenue that a property generates over the lifetime of a property’s operations. This fee is paid out of the income from the property each month. This fee covers services such as property cleaning scheduling, guest relations, maintenance and repair management, and booking optimization, among other responsibilities.