Listing a property on Faros is completely free. Hosts only pay when they get a tenant through Faros.
After a host accepts a renter, Faros charges the host 0.9% of the total monthly rent when the renter pays their rental deposit.
For example, if a renter books a place for 4 months at $1,000/month, the Faros service charge for the host is $36 (4 x 1000 x .009).
This service fee appears as a separate line item in your bank account so you see the full amounts for security deposits and rent payments. Any future payments associated with that booking (e.g. tenants' remaining rent payments) do not incur a service fee.
For Property Managers or Management Companies with 25+ listings:
For property managers or management companies with 25 or more listings on Faros, the service fee charged by Faros is 2.9% of the total monthly rent when the renter pays their rental deposit.