Who is the host of record if I'm the co-host?

The account question also decides who keeps the review history, which is why owners insist on their own account. If the listing lives under your account and you part ways, the owner loses four years of five star reviews and has to start over at zero. Owners who've been burned by a manager once will never let the listing sit on someone else's login again.

Doesn't the money side settle it? My understanding was that if you're collecting on the owner's behalf you have to run it through a trust account, so the funds never touch your operating cash, and the trust account holder is the responsible party. That's how I've seen it described for rent collection anyway.

vellum, the platform payout doesn't work like that. Airbnb pays to whatever bank account is attached to the payout method on the account, and the co-host split can send your percentage straight to you without ever passing through a trust account. Whether you're allowed to hold owner funds at all, and whether a trust account is required, depends on your state's licensing rules, and several states don't treat short-term stays the same as annual leases. That's a question for the state real estate commission or an attorney rather than something the agreement can decide on its own.

On the broken table, the practical answer is that the account holder files the damage claim through the platform, so the owner does, and the platform's protection program has caps and documentation requirements that will make you wish you'd photographed the unit after every turnover. The noise complaint is worse for warrant because city citations usually name the permit holder, which is the owner, and then the owner points at the indemnity clause and asks who let the twelve person party book a four person cabin. I'd want a screening standard written into the agreement so "responsible for guest issues" has a boundary.