how to Payout your Airbnb team

How to pay your Airbnb Team with just a few clicks

I used to dread the 1st of the month! I remember my process to payout my cleaner and co-host before Coast. 

It was tedious. Boring.

My co-host would take the data from my calendar and package it in one big email. It looks something like this.

Airbnb team payouts
This was how I paid out my Airbnb Team members. Of course, this email went on and on. This process was tedious but workable.

I then had to figure out if my co-host had the correct math for her rev-share, and if the number of cleans match the date of the reservation.

Most of the time, she was perfect with her math. But some of the time, I would find a few calculation mistakes (I can be meticulous and you have to be when you start an Airbnb business).

Then I would have to reply to her, do the actual calculation, show the correct math, have her confirm the new payout total, then pay her out via Paypal. 

Paying out your Airbnb Team doesn’t have to be hard

This is extremely time consuming and boring because I had to verify each of her reservation. I would use my iPhone to match the guest’s name from the correct property to her email.

Each property would take about 5~10 minutes.

Now, imagine if you had 20, 50, or 100 reservations per month… Or 10, 20, 50 properties? Yeah… you get it now. Tedious and boring.

What are you going to do when that happens?

Hire someone part-time and eat the overhead? I guess you could…but there has to be something better. The name of my game is automation. I started to think if I could automate this process. 

You need a scalable way to pay out your Airbnb Team

One thing for sure is that the co-host model is growing. I get more and more emails every week about cohosting.

It always goes something like this: “Hey Sam, I need to pay out my co-host and cleaner. What do you do? Or “Sam, I am a cohost and I would like to add more properties.” 

Just recently, I started to get emails about opportunities to clean for Airbnb hosts (glad this market is also catching on).

Airbnb is not going anywhere. They’re growing year over year and about to IPO this year.

I also know the co-host model is not going anywhere because more hosts are becoming professional hosts (hosts with more than 2 properties, according to Airbnb). When you scale, you’ll need a team to help you manage your Airbnb units.

How one of my friends currently pays out his Airbnb Team (cleaner)

My friend uses Venmo to pay out his cleaners. Let’s call him Mr. 4 properties (spread out in 2 different states). He has 3 cleaners that he uses to help turnover his properties.

His cleaners would send him ad-hoc and daily Venmo requests after each clean. And all he had to do was to click “accept.”

Pretty sweet right…? 

Naw…imagine when the tax season hits and you need to know just how much you paid out to each of your cleaners. What about those 1099-MISC forms that you’ll have to send out by Jan 31st?

Yeah… have fun digging into your Venmo transactions and emails! 😉 I can tell you right now, it’s not fun…

The thing is… the system to pay out your Airbnb Team is broken right now. 

The cool thing about Coast is that all of your finances for your Airbnb Team are under one platform. You export your Airbnb transaction history and everything else is done for you.

No more emails or texts.

You don’t need Google Sheets (Sorry Google!).

No more logging into multiple banking accounts like Paypal or Venmo. And finally, no more digging deep into your email inbox for invoices. 

Wouldn’t it be nice to know just exactly how much you paid out for each of your Airbnb Team members?

We created Coast to help you pay your co-host and cleaner

Coast takes care of all the above. Now, you can pay your Airbnb Team whenever you want and however you want.

Next, I’m going to show you just how easy it is to use Coast

Paying out your Airbnb Team
It’s free and takes 15 seconds to sign up (at least for now) 🙂

Once you’re signed up for free, here is how it works in 5 easy steps.

Step 1) Add your property. 

Paying out your Airbnb Team
Add in your property once and you’re done.

Step 2) Invite your Airbnb Team (Co-host and/or Cleaner) 

Paying out your Airbnb Team
Your team member will get an email invitation to join your team

Step 3) Set up your payment info via Stripe 

Paying out your Airbnb Team
Stripe is our trusted banking intermediary

Step 4) Upload your bookings from Airbnb.

Upload your Airbnb transactions
If you don’t know how to export, you can click on the subtext to find out

Step 5) This is my favorite part. Go to one of your properties then click on “Confirm and Pay.”

Pay with just a click- how awesome is that?
Coast takes care of the rest. Viola! You are done, my friend. Enjoying that cool breeze?

Yes, you’ll have to do some work upfront to set everything up. But we made it super easy for you. I hope you’ll get a chance to use it soon (not sure how long we’re going to keep it for free).

Here’s the link to check out Coast.

What has been your experience paying out your Airbnb Team? Let me know in the comment sections below.

  • Jake
    Posted at 12:01h, 29 January Reply

    You can already automate the cleaner payments with TurnoverBnB

    • Sam Zuo
      Posted at 14:35h, 04 February Reply

      Hi Jake,

      Thanks for the comment. You’d have to use TurnoverBnB’s full software whereas you can sign up and start using Coast right way. Our tool is more specific – we help you pay out cleaner and co-host and not more.

      The way that we use to pay your Airbnb team is different than TurnoverBnB. I’d say it’s more accurate since I’ve had many issues with calendar sync and don’t think it’s reliable enough.

      Hope this clears up a bit more on how we are different.

  • Needham Daniel
    Posted at 19:31h, 02 November Reply

    Your link to Coast doesn’t work.

    • Sam Zuo
      Posted at 23:42h, 02 November Reply

      It didn’t work out so we took it down.

Post A Comment