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Updated 2 days ago on . Most recent reply

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Nick Kraska
  • Chicago, IL
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7
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ABB Co-hosting - worth it? Or focus on setting up my team?

Nick Kraska
  • Chicago, IL
Posted

Hi all-

Getting close to closing on a prop about 90 miles from where I live. My first STR, and plan on splitting between self use and renting to help offset costs. We've sent out a cohost request and most hosts are asking ~22%, which is higher than what ABB suggests - but seems to be in line with what traditional local prop management places charge.

My question: Long term obviously it makes sense to learn to do this all myself and be self sufficient.   Should I use a co-host just to get off the ground on a good foot and rack up some solid 5 star ratings, then transition to self sufficient down the road?   Or cut to the chase and try to get my team set from day one and learn on the fly?   My biggest concern is just having boots on the ground in case something goes wrong.   I have leads on a cleaner.  Who else do I need to confidently manage remotely?

Thanks in advance!

Most Popular Reply

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4,236
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Luke Carl
#3 Short-Term & Vacation Rental Discussions Contributor
  • Rental Property Investor
  • Tennessee Florida
5,686
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4,236
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Luke Carl
#3 Short-Term & Vacation Rental Discussions Contributor
  • Rental Property Investor
  • Tennessee Florida
Replied

Give me a call I’ll teach you how to do it in an hour.

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