Pros & Cons: Should You Be Licensed as an STR Co-Host?

Welcome back to the Hosting Hotline! This is an Ask Me Anything where each week we’ll answer your questions on Airbnb, STRs, real estate, and everything in between.

Claire asks:

My name is Claire and I have started managing a number of other Airbnbs on the island that I live on. I made the mistake of having the listings under my Airbnb account. I really need support on how to run this (co-hosting) business from an admin/legal point of view. What do I need to get in place so that I can grow? 

(00:01:27) How Should I Expand My Airbnb Hosting Business?

(00:03:14) Finding the Perfect (Licensed) Co-Hosting Partner

(00:05:35) Understand the Nuances of Longer Term Listings

(00:08:26) Benefits to Being a Licensed Host or Co-Host

(00:09:23) Sarah’s Advice from Personal Experience 

(00:12:38) Pros & Cons to Owners Keeping Their STR Listings

(00:14:40) Take Home Tips for Managing Rapid STR Business Growth

Thanks to everyone who submitted questions. To hear your voice on the show and send a question to Sarah and Annette, submit your burning hosting questions at: hostinghotline.com.

Download a transcript of this episode.

Resources:

• Visit thanksforvisiting.com/workshop to watch our Hosting Business Mastery Method workshop!
• Airbnb Essentials Checklist: hostchecklist.com