
This is a short-term rental strategy where you help a rental property owner manage their listing or listings, including the home and guests. These properties are listed on sites like Airbnb, VRBO, and Booking.com.
This is an entry-level way to get into the STR business without owning property. This approach resembles rental arbitrage but eliminates the risk of being locked into a lease.
This is the preferred way to make money in the STR industry without capital investment. Airbnb Co-Hosting & STR Management is a general term for the services you offer to owners to help their property. There are many ways to be a co-host for a vacation rental property. Typically, you don't even need any experience to get started, although having some experience is preferred.
Here are typical hosting responsibilities:
OTA (Airbnb, VRBO) listing management
Listing optimizations
SEO ranking optimization
Ongoing revenue management and pricing strategies
Guest communication
Communication with cleaning and maintenance teams
Coordination of cleaning turnovers and repairs.
5-star guest experiences and hospitality service for every guest
Respond to messages and inquiries within minutes
Inventory management
Handle reservations, guest check-ins & check-outs
Owner Reporting
Handle damage resolutions and reviews
How much do Airbnb co-hosts make?
Most co-hosts provide all these services rolled up into one full-service solution. If you are starting, you can expect 5%-10% and will provide basic communication services.
Full-service rental management companies charge between 15% and 25%. The exact rate depends on their experience and the value they provide.
These percentages are of net revenue after taxes and platform fees are removed. Make sure to sign an Airbnb co-host agreement specifying these terms with the owner.
How can I find co-hosting clients?
There are many ways, but the low-hanging fruit is to reach out to friends, family, and people in your network. Join Facebook groups, be active on social media, and post content showing you are the authority in the space. You can also go after underperforming properties and their owners. We have a proprietary way to get in touch with them if you work with us! Reach out and ask us how.
How can Maverick STR help?
If you are a property owner who is looking for this type of help Let us take care of the heavy lifting, while you're hands-off collecting cash flow. Look no further than Maverick STR.
With over $400,000 in revenue generated for our clients in the last 12 months. We are experts in short-term rental marketing and revenue management. We outperform the market consistently and drive the most revenue for our clients. We are focused in Nashville, TN & Charleston, SC but service all of the US with our virtual co-hosting. We manage properties across 6 different states (Tennessee, Maine, Vermont, North Carolina, South Carolina, and Florida) and are ready to increase your revenue.
If you are interested in learning more about our property management services book a call with us today!
111