EP114: How to Setup Multiple Airbnbs Across the World
Summary
This is an older episode of 'Get Paid For Your Pad' discussing how to set up multiple Airbnbs across the world, offering advice on property selection, specifically focusing on regulations, pricing, and ROI. The episode also touches on revenue management strategies and how to avoid the 'hectic host' stage. Hosts can gain valuable insights from the discussion on property investment criteria and revenue optimization.
Key Insights
- •New Airbnb regulations were impacting hosts in Amsterdam, leading to a host selling their apartment and seeking properties elsewhere.
- •The episode discusses conditions for a suitable pad, including price (no more than 150,000 Euros), friendly legal conditions, personal preferences, and ROI (10% is optimal, 7-8% is acceptable).
- •STR pricing is harder than hotel pricing due to product uniqueness, booking windows, and operational constraints.
- •Being busy does not mean an STR business is progressing, and decision fatigue can lead to low-value tasks.
Action Items
- ✓Consider the impact of regulations when investing in new properties and evaluate the ROI.Effort: mediumImpact: medium
- ✓Review bookings to identify pricing and demand signals and set up a consistent revenue management routine.Effort: lowImpact: medium
Tools & Resources
- →Hostfully.com: This episode is sponsored by Hostfully.com and Everbooked.com!(hostfully.com)
- →Everbooked.com: This episode is sponsored by Hostfully.com and Everbooked.com!(everbooked.com)
- →Freewyld Foundry: Learn more about Freewyld Foundry → https://www.freewyldfoundry.com(https://www.freewyldfoundry.com)
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Curated by Learn STR by GoStudioM