Airbnb Cohost and VRBO Cohost questions
Absolutely. Many people host their own home. On the other hand, I have made a lot of the mistakes, and genuinely studied this to be as effective as possible. I think I could help you.
We would part ways and still be friends.
There are many owners who do not want to fully host their place. They have a great place but are leery of hosting due to:
- Fear of the technical difficulties
- Worried about how to screen guests to protect house
- Lack of time to handle guests/cleaning/maintenance
- Lack of time to handle platform(s) Platforms = Airbnb and VRBO, more if necessary.
For these reasons co-hosting is available. Co-hosts are listed on the account and they take care of:
- Setting up or optimizing listing.
- Setting up or optimizing images.
- Setting up dynamic pricing for best revenue.
- Setting up on multiple platforms to increase revenue.
- Handling calendars to prevent double bookings
- Working with guests to ensure a great stay.
- Working with the platform to stay in compliance.
- Coordinating with cleaners.
- Coordinating with maintenance and repairs.
A co-host gets paid in most cases a percentage of the listing fee and add-ons, and usually maintains the cleaning fee, as they handle cleanings. A co-host will most likely charge an hourly rate (agreed upon in advance) for work to set up location. They will also have a percentage to handle maintenance and other issues.
A co-host basically does all the work, and the owner retains the majority of the revenue. A good co-host will be able to advise the co-host on items to greatly increase revenue. Items such as pricing, add-ons, special perks. A good co-host will communicate in a timely manner and will ensure Superhost and Premiere Host status.
A cohost keeps up to date by reading forums, books, and staying active in groups. A co-host will read all the small print on the platforms to ensure compliance.
Ideally a co-host will not only take the work load off of the owner, but will increase the revenue.
First things first, I would look over your house and if applicable your listing to see if it is feasible. At that point, I would determine if it was worthwhile to engage my services. I usually meet my owners in person.
We do a full property review, and look for opportunities to improve ROI.
Steps to get set up
- Property Review
- Set up Airbnb and VRBO (if needed)
- Shared Google Doc with all information on the house
- Dynamic Pricing
- Sync Calendars
- Set up guest messaging
- Set up Rank Tracking
I would then be added as a Co-Host to your account. (You maintain the account). I would bill you after each rental for services and receive payment via Zelle or Venmo or whatever payment works best for you.
For the most part no. I may make some recommendations of “investments” which would make the house much more rentable. I do have my fee, but you will A) not be in the hosting business, and B) your rental revenue will most likely increase quite a bit