How to Sell Your Airbnb Business
Summary
This article discusses how to prepare and sell your Airbnb business to a larger company. It provides insights into structuring your business for attractiveness to buyers and what to consider when selling. It also mentions tools and strategies for revenue management and CEO-level focus for STR businesses.
Key Insights
- •CEOs waste 30 to 50 percent of their time on low-value activities.
- •If you manage 10 or more properties, be prepared to be contacted by potential buyers.
- •Most STR operators underperform not because they lack tools, but because they don’t know what to look at, when to look at it, or how to interpret booking behavior.
Action Items
- ✓Structure your business to be attractive to buyers.Effort: mediumImpact: medium
- ✓Follow a daily and weekly pricing routine for revenue management.Effort: lowImpact: medium
Tools & Resources
- →Freewyld Foundry: Get a Free Revenue Review from Freewyld Foundry.
- →Get Paid for Your Pad: Listen to the podcast episode 'How to Work ON instead of IN Your STR Business' with Julie George.
Watch Out For
- ⚠Making revenue management decisions without a structured routine.
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