Co-hosting a short term rental? (Air BNB)

[Neil Adams]

So recently I heard of this word, co-host, in reference to an Air BNB, on a BP podcast. It sounds like maybe someone in a long term lease rents the property while managing part of the property as short term rental? Like a live in manager of an apt complex, but just for 1 particular SFH or apt.

Can someone explain what the idea of a co- host is when dealing with short term rentals? What are the pros/cons?

[John Underwood]

If you own a property and need some help that's one thing.

If you don't own anything and are looking into cohosting or arbitrage, you are just an unlicensed Property Manager with a job. You are not an investor.