Property Manager · Houston Tx. · Member since 2024 · 1 post · 1 vote
Hello,
My name is Joyce and I am interesting in starting my business as a Co-hosting for short and long rental properties in Houston Tx. I'm a leasing professional at Greystar management I've been in the property management for a long time and I love Real Estate industry, I am also working to get my real estate license soon but in the meanwhile I would like to learn and start a property management on my own and in the future build a Real Estate portfolio. I am willing to get as much advice from everyone or get a 1 -on- 1 coaching.
I do have the knowledge on working in apartment community like showing the community, providing all the information about units, availability, amenities and lease contract information, solve problem right away either if is maintenance or complains, help applicant with the process of the application, signed lease contract and escort them to the new home, collecting rent, and etc.
If by any chance you own or manage a rental property I would like I would be content to hear any advice on how to start a business as a Co-hosing a property. Looking forward to hear from anyone.
Real Estate Agent · Houston, TX · Member since 2021 · 1k+ posts · 715 votes
2y
First, make it official – register your business, get a tax ID, and think about getting insurance. Then, figure out your brand – who you're targeting and what makes you unique. Connect with local property owners, Airbnb hosts, and property management companies to find opportunities. Spread the word – create a website, be active on social media, and show off your skills. Price your services by checking what others charge in Houston. Understand the rules – know local regulations and Airbnb's terms. If you've worked at Greystar, awesome! Use your leasing skills. Start small, focus on good service for positive reviews, and stay updated on industry trends.
Real Estate Agent · Houston, TX · Member since 2021 · 1k+ posts · 715 votes
2y
First, make it official – register your business, get a tax ID, and think about getting insurance. Then, figure out your brand – who you're targeting and what makes you unique. Connect with local property owners, Airbnb hosts, and property management companies to find opportunities. Spread the word – create a website, be active on social media, and show off your skills. Price your services by checking what others charge in Houston. Understand the rules – know local regulations and Airbnb's terms. If you've worked at Greystar, awesome! Use your leasing skills. Start small, focus on good service for positive reviews, and stay updated on industry trends.
Chicago, IL · Member since 2017 · 104 posts · 35 votes
2y
Hi Joyce,
I would start networking. Find Airbnb/STR meet ups in the Houston area. Learn more about the business & the issues that current hosts often have. This will help you understand what value you can bring. Also, it wouldn't hurt to establish more credibility. Most hosts want to work with people who have hosting/co-hosting or whom currently host. I see you work at Greystar. Have you ever considered doing rental arbitrage?
Co-hosting is good way to get in the game. But, you're going to have to get your foot in the door and learn the ins and outs specific to short term rentals. Using the platforms, talking with guests, solving problems, etc.
If you don't have the experience now, offer to co-host someone's property for free or small piece of the profits. Work your tail off and you'll be surprised what that brings. Basically, make it a deal they can't refuse. Offer to do a performance review. Suggest how to enhance their profile, learn dynamic pricing tools and offer to optimize them for hosts. I hired someone to do this for me just this year and I've personally operated over 100 properties. Just didn't have time or energy to dig into the software beyond the basics I was doing with it.
Once you know the game, you'll be much more confident approaching current owners and you'll see where they are lacking. That help will lead to partnerships and future business.
Real Estate Consultant · OH · Member since 2023 · 2k+ posts · 1k+ votes
2y
Owner of a co-hosting business right here!! Reach out and I can try to answer any questions you may have. One thing I would suggest....decide between STR PM or LTR PM. Since they are very different animals don't try to do both, as I think that would be rather hard to do.