The size of the global market for recreation rentals in 2019 was USD 87.09 billion. And you can be a part of this massive market without having a property of your own.
Let’s talk about Cohost as an occupation and why you should consider this a viable option to make money remotely, plus many more fulfilling benefits!
Speedrun on Cohost: Definition, Qualification, Traits and Responsibilities
What is Cohost?
Simply put, a cohost is a person who helps landlords manage the business of apartments for rent. Property owners pay you to manage their renting business in and out: from listing and booking to customer service and financial management.
Who can be Cohost?
Having a relative, friend, or neighbor with a rental business on hand would be ideal. Trust is advantageous and a two-way street. Working for somebody you’re familiar with is a huge plus.
That being said, connection is just half of the equation. There are characteristics and/or preferred qualifications to become a Cohost - much aligned with being a property manager, namely:
- Friendly attitude
Speaking of which, let’s talk about the workload of being a Cohost.
What does being a Cohost entail?
We’ve talked briefly about the work scope for the role. So, let’s break it down:
- Property listing/Marketing: Ensure the business have a solid net of touchpoint to attract guests.
- Reservation management: Take care of the booking schedule and make sure the property is ready with amenities all restocked for new customers.
- Guest Support and Services: Converse with guests and handle any problems before/during/after their stays.
- Supervisor: Be in charge of the home's general upkeep and repairs.
Depending on your capacity and the needs of the host, your responsibilities might vary. Don’t let the sheer number of tasks worry you; it’s 4.0 technology era.
There’s already property management system tool so powerful that you can remotely do all these tasks remotely from your smartphone.
Let’s talk about all the best parts of being a Cohost yourself!
Cohost’s Benefits You Must Know!
There are more perks of being a Cohost beyond the financial aspect. We’ll unravel them one by one.
Communication and persuasion skills improvement
Being the caretaker of the business, you have to communicate with various customers daily. With tourists, of course, the cohost needs to make a lot of contacts, convincing them that the services of the house will be the best fit for them. If you do not know, a cohost must have both sales and marketing skills and customer care skills.
This skill set is a must if you want to be successful. And to master these 3 skills, a cohost must practice the ability to communicate, and persuade customers regularly, thereby honing and improving their skills. They are also the ones who will solve the customer's problems, so if they don't hone their communication and persuasion skills, it will be difficult to get the job done.
Opportunity to travel as a business trip
Being a cohost is also quite similar to being a tourist: it is the opportunity to travel and explore many places. Although the purpose is different, tourists go far for entertainment and relaxation, while a cohost travels far to manage, ensuring the houses are still of good quality.
It sounds dry, but when the job is done, the cohost can spend the rest of the time traveling like many people. Or even if they can't see the scenery like many people, they can still enjoy authentic local cuisine and culture. This is a job that will attract those with a passion for travel.
Honing in the Aesthetic and Good Taste
With a cohost, the operation of a house or apartment not only stops at ensuring good quality but also the best quality for guests. Why is it that despite providing the same facilities, an apartment where each table, chair, and the color is noticed makes tourists remember forever?
That's because the best quality comes in part from the layout of the room. A cohost will therefore need to know how to decorate the room best. They will need to be exposed to many different layout styles and interior collections, but prominent trends in interior design, thereby helping them get a better look.
Perhaps this is the most attractive point of the cohost profession. Unlike many other jobs, when your bonus is limited to a certain number, the amount a cohost earns depends on the effort they put into their work.
Moreover, a cohost can also cooperate with many different hosts simultaneously. The only condition is that they complete the job well and cooperate well with each homeowner. What they get in return will be worth the effort they put in.
Flexible working schedule
The cohost profession is one of the few jobs that doesn't have strict working hours requirements. You do not necessarily have to spend 8 hours at work, sitting at the office until on time to leave. Due to the nature of their work, which is to ensure the quality of rooms for tourists, solve their queries, and attract guests, their daily work is also very flexible.
Some days they will visit the apartment. Some days they carry out marketing tasks, some days they just answer questions for guests and calculate repair costs… Not only is the time flexible, but the tasks are also very flexible. active. Every day of a cohost is a new day, not the same.
Becoming a cohost allows you to interact with a wide range of people, from hosts to travelers to other entities that assist you in your work. There are jobs that also give you exposure to many people, but only a few allow you to interact with diverse and diverse audiences like cohosts.
These relationships are all cooperative relationships to grow together. In the long run, a cohost will develop a mutually beneficial partnership. Not many people, as individuals, can do this.
Through the above article, Cohost hopes to help readers see the benefits of becoming a cohost. The characteristics of the cohost profession are really attractive, and that's why more and more people desire to be a cohost.
If you also find the cohost job interesting, think about becoming a cohost in the future. Thank you for reading the article. Let’s us know if you have any question, we’re more than happy to support you anytime!