Co-hosting

[Jon455]

Hi, does anyone know if co-hosts in Florida would need a real estate license to conduct business? Also, what is the best way to be paid as a co-host?

Thanks in advance for any help on this!

[Sierra11]

No, you don't need a real estate license to be a co-host. 

The best way to be paid, in my opinion, is a percentage management fee. Agree upon a percentage with the host, and then you'd earn that percentage of the monthly earnings. 

Ideally you are adding a level of service for the host through handling all check in, check outs, guest communication, cleaning, repairs, etc. This should allow for more 5 star reviews and Superhost status. Allowing you in the end to raise the nightly rate, which in turn would raise what you earn. 

Sierra Kluson

Keller Williams Realty St Pete 

[Jon455]

Hi Sierra,

Thanks so much for the info, very much appreciated! This answers my questions perfectly and you’re an amazing person for sharing your knowledge with us!

Jon

Old City Hosting 

[Analiza5]

Hi, how should I pay taxes if I'm the co host, what form I need? Thank you!