Net returns
Gross income is noise. What you pocket is another matter.
We publish our calculation methodology and our local data. The only figure that matters to an owner is the one that reaches their account each month.
Methodology
How we calculate net returns.
1. Gross income
The average nightly rate × 365 days × annual occupancy. The average rate is driven by dynamic pricing and varies by season; what you see is a weighted average of the trailing year.
2. Management commission
A fixed percentage of gross income (18% by default). No hidden, variable or channel-indexed fees. The actual percentage is set at go-live based on the property and city.
3. Operating costs
Cleaning (€ per stay, with an average stay of 3–4 nights), utilities (electricity + water + gas + internet), preventive maintenance and repairs. All booked in the month they occur and traceable in the report.
4. Fixed costs
Multi-risk insurance with liability, applicable tourist taxes and any fixed local levy. Annualised and prorated monthly.
5. What's NOT included
Income tax, corporate tax or equivalents. Any investment or refurbishment. Community fees and council tax (IBI) (these depend on the owner). This is left out because it depends on each client's tax situation — but we provide the raw figures your accountant needs.
Update: the local data is updated monthly with the real closes from our managed portfolio. The sample size per (city × property type) is shown when you request an audit.