How do I go about finding a cohost to work with in Edmonton?...
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How do I go about finding a cohost to work with in Edmonton?
Latest reply
How does this work if you are Co-Hosting other than your own properties? I can use my expertise and experience. Does anyone of you Co-Host?
thanks for your advice 😊
Lynn
Hi @Lynn2012
Thousands of us cohost . You can look on the Airbnb Help website cohosting section to understand how it works .
only you can decide whether it's worth depending on what other demands you have on your time and how much income you feel you would generate .
Thank you !
I have been a Co-Host and I will say it can be a great experience, or a real disaster depending on the Owner and how you communicate and work together for the common goal of a successful listing that benefits both of you. I would say the biggest challenge is finding an Owner who has the same level of business ethics and standards. Many don't. Ultimately, the hard-won experience and advice you offer to a Host may not be appreciated or acted upon. This usually leads to the property not performing well and of course bad reviews. Those bad reviews are on your profile as Co-Host as well as the Owner and could prevent you from listing your services on the Airbnb Co-Host platform for other Hosts. The owner may not realize (or care) that both of you are in the same boat as it were. If the ship sinks, you are both affected. It will also cause you alot of stress, as it's almost like watching a "slow train wreck" unfold right in front of you and you can't do anything about it. Not everyone is cut out to be a STR owner (or Co-host), nor understand it is NOT passive income. That said, if you and the primary host communicate well and work well together, it can be very rewarding for both of you (financially and otherwise).
I suggest:
Be Sure You Can Handle The Workload
If you are already a Host or Co-Host for other properties, don't take on more if you can't handle it. It will lead to a bad result for both you and the Owner. It all depends on what tasks you will be doing. If you are a remote Co-Host who handles the digital side of the listing and others handle on-site cleaning, maintenance, etc. then it might be possible.
Carefully Vette The Host
Take a look a the property itself (if you can) and listing reviews and have some prelimnary discussions to determine if you would be a good fit.
A Written Contract
Short (3-4 month) initial period. Include a penalty free termination clause so either party can end the arrangment if it doesn't work out.
Keep All Payments On Platform
Only accept payment via the Airbnb platform's Co Host feature. Don't make any off-platform arrangements for payments; you might not get paid if things go awry.
Hello
Co-hosting for properties other than your own can be a great way to leverage your skills and expertise in property management. As a co-host, your responsibilities may include handling guest communications, managing bookings, coordinating check-ins and check-outs, and ensuring that the property is well-maintained and prepared for each stay. This allows property owners to take a more hands-off approach while you handle the day-to-day operations, using your experience to improve guest satisfaction and potentially increase the property’s revenue.
Co-hosting offers flexibility for both parties; it enables you to expand your property management skills without owning a property, while property owners benefit from your expertise without needing to be directly involved. A good co-host partnership often involves clear communication about expectations, duties, and revenue-sharing agreements to ensure both parties benefit from the arrangement.