how much to pay my cohosting friend

[Jennifer Gardner]

Hi all,

I have a friend who's a designer and helped me set up my beautiful space.

She is now attached to the STR and wants to cohost with me. I am managing it long distance as I live in Northern California and she lives locally, in LA. It is handy to have her available to go to the property when I can't. I also have a great team of cleaner, handyman, etc locally that I have great relationships with. I'm wondering what and how to pay her going forward. Do I pay her an hourly for when she has to go down there? What kinds of contracts have you worked with? I know PMs and cohosts often make a percentage of monthly earnings but I don't think that's appropriate in this case since I'm responding to all emails and troubleshooting issues as they come for now. Although down the road, I might go this route so am still interested in what you do. For example, when I travel to Europe and the time difference is too much to be able to respond in a timely way.

Interested in how you handle things! 

Thanks :)