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Ep 217: What does it mean to be a Co-Host on AirBnB?
01:16 – You can own the house and you can rent out either the entire house or a room out of that house and make great money, help pay for your mortgage or maybe even turn it into an investment property.
01:25 – The second way which has become really popular since right around 2014 is Airbnb rental arbitrage where you rent out the house so you don’t own it, you rent it and then you sublease it on Airbnb, and then you keep all the profits.
01:39 – Now this is really important to know about that method is that you have to get permission from the landlord don’t do this under the rug because that is not a way to build a business.
02:16 – The first way is just being a co-host. For a current listing owner. This is a great way to make some extra money if you enjoy the hospitality industry. If you enjoy giving a guest a really great five star experience.
04:42 – The second way you can be a co host on Airbnb is actually the way that I’ve been able to build my business the fastest and that is basically being the hospitality manager for property that you don’t own.
05:08 – The fun thing about CO hosting as a full service hospitality management company is that you can add all these properties to your portfolio charge of premium and you can continue to build that cash flow with properties that you don’t even own so the way the structure works is that you’ll typically have three ways that you’re charging owners.
06:45 – So, the biggest way that you’re making money as a co host is your management fee.
07: 49 – I personally think this is the fastest way that you can scale a business arbitrage is phenomenal.
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