Property manager vs. co-hosting

[Peter Brown]

Hello guys, I'm new to STR's. I'm looking at buying one in the Shenandoah and am working out the logistics. Could anyone give me a summary of the differences between having a property manager vs. a co-host? What are the pros and cons of each? Thanks in advance!

[John Underwood]

A PM is a professional licensed and insured person.

A Co-host is likely non of the above with questionable experience who is likely doing this on the side as a hobby.