Co-Hosting - What are the need to knows?

[Chris Napierala]

Hello everyone!  I'm currently working with a friend to Co-host his cabin.  This will be a first time experience for me and I want to make sure that i dont cause myself any headaches.  Currently I'm planning to have the listings in his name and then ill manage them using my software subscriptions etc.  He will just pay me a % of the bookings.  Is there anything legally I need to do in general or specifically for Colorado?  Can anyone give me some newbie advice?

Thanks!

Chris