‘The leading expert’In the videos he posts to YouTube on a near-weekly basis, Mendenhall, 42, projects a clean-cut if casual figure, appearing in button-down shirts — only seldom wearing a tie — with a neatly trimmed Vandyke beard as he brightly talks up his business.

Make sure everyone knows a cleaning schedule, expectation for common areas, how are you splitting utilities, guest policy, etc. 

I had a few properties when a lady that owned a cleaning company I had contracted with previously approached me about combining forces on a property management company.

My goal is to add verbiage within the lease that will decrease any tiffs between tenants for the common spaces and how to set expectations and promote group effort with cleaning the common areas/shoveling snow/personal dishes/shared fridge/laundry/having guests and so forth. 

3.Draft a written agreement where the property owner retains full ownership of all guest funds (nightly rates, cleaning fees, and taxes), while the cohost invoices for management fees and reimbursable expenses?

The deal was contingent upon 60 day due diligence and a clean Phase 1 environmental assessment.

Very clean format. 

Or are they moving out when the cleaning is complete?

My local Airbnb rep said the algo does consider cleaning fee too so try to be lower or even with your competition. 

@Jason Tucker  you need to add in your utilities, common area cleaning, and turnover costs to determine if it makes sense.