Mid Term Rental Co-Host Agreement

[Melvin Maxwell]

Hello BP. I'm looking for help finding a mid-term rental co-host agreement template.

Backstory: I recently co-sponsored a 10 unit apartment syndication in San Antonio, TX. Part of the value add strategy is to covert a number of the units to mid term rentals (30 days or more) as San Antonio has become more strict on STRs. I am wondering if anyone here has a co-hosting contract they could share. The basics are I would rent a number of units from the syndication LLC, would be responsible for management and expenses (ie utilities), and then I would keep a portion of the profit (basically my upside for managing the mid term rental units) and the other portion of the profit would go to the syndication LLC which now gets over market rent. I could also just do a straight arbitrage/master lease but prefer the co-host model as I see it as more equitable and disperses risk and reward more evenly between myself as the co-host and the syndication LLC as the property owner. If anyone has done this and would be willing to share lessons and agreement documents, I'd really appreciate it.