Questions About Co-hosting vs. Property Management

[Brent Barnes]

Hello, all!

I'm very serious about starting a co-hosting business in the Harrisonburg, Shenandoah Valley, and Massanutten areas of Virginia. I've done research online and read Daniel Rusteen's "Optimize Your BNB", but I'm still left with a few questions. I've heard co-hosting businesses referred to as property management on some podcasts. Are these terms interchangeable? I also heard somewhere that to be considered a property management business, one must have a RE license. Is this true? Is an STR property management company considered a third-party entity outside of Airbnb?

Really, I'm asking what the difference is between co-hosting, hosting teams, and property managers in the STR space?

Thanks for your time!