Quote:
Originally Posted by need2no
to all of you who use them. upon receiving a rental payment please double check the amount, ie. the rental price minus the commision. some have noticed a shortage without any explanation. some receive the dates of renters but not the amount being charged the renters. if you have $$ discrepancies please post for others to see. dont use company names
|
Where they get you is the basis from which they pay you. You thought it was based upon rent. It is rent less expenses then less commission. IMO V I R's listing agreement is glaring in the lack of clarity in this area. In some cases the expenses is probably fair. In their case they list with Vacation rentals By Owner and they pay that firm a commission. However, by not being upfront with these unspecified 'expenses' it will probably take some owners by surprise. I am sure some of the other firms do something similar.
Bottom line if there is room to charge you for expenses and there is no clarity on these expenses or how they will be calculated don't be surprised when you are charged for unspecified expenses.
Evolve, which was mentioned a few post back, pays the owner based upon the rent less commission. They also charge the renter a fee which the owner does not receive a percentage of. It is a little more upfront but it is a backdoor charge which the renter pays, which you are not getting any proceeds from.