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Updated about 5 years ago,
AIRBNB CO-HOSTING advice needed
Hello fellow Biggerpocketers ;)
I'm thinking of starting a Airbnb Co-Host Service. The reason for this is I'm really experiences in hospitality and real estate. I have a background in construction remodeling and rentals but lately a lot of people have been coming to me for advice on how to setup their Airbnbs and just property management related problems that I've been able to help them solve or show them ways to basically squeeze every dollar out of a property through the service.
So Ive been considering to put myself out there in my local market to help others co host their property and basically manage that aspect of the check in and check out process, updating listings, dealing with guest inquires and dealing with cleaning staff. I think 10% is fair plus my cleaning fees.
However, I'm also worried about "the headache" of dealing with unrealistic home owners. I dealt with this a lot back when I was a contractor helping renovate property and i'm just wondering if I should expect the same thing from long distant home owners or whatever. Just want some advice from others in this field and input about how to structure contracts etc etc.
I own my own airbnbs and rental properties but not i the current market i just moved to and felt that this would be a great way to sort of jump start my real estate business here locally while I begin to looking for properties to invest in for myself.
What do you all think?