Ep236: Building a Real Estate and Property Management Business in Colombia with Rich Holman
Summary
This article is a collection of podcast episode summaries from Get Paid For Your Pad, covering topics like revenue management, CEO focus, hotel vs. STR pricing, and overcoming operational overwhelm. Hosts can learn actionable strategies for optimizing revenue, streamlining operations, and improving their focus for business growth.
Key Insights
- •STR pricing is dramatically harder than hotel pricing, due to product uniqueness and booking window differences.
- •Revenue management must be scheduled, not reactive.
- •CEOs often waste time on low-value activities, hindering business growth.
Action Items
- ✓Review bookings daily and weekly to understand pricing and demand signals.Effort: lowImpact: medium
- ✓Identify and address the biggest bottleneck in your STR business to improve efficiency.Effort: mediumImpact: high
Tools & Resources
- →Freewyld Foundry: Learn more about Freewyld Foundry.(https://www.freewyldfoundry.com)
Common Mistakes
- ⚠Most hosts 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.
- ⚠Solving the wrong problems stalls growth even when demand is strong.
More from Pricing & Profitability
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This article discusses Kansas City's high occupancy rates compared to other World Cup host cities, raising questions about the effectiveness of efforts to increase short-term rental availability. It implicitly touches on market trends and the impact of major events on the STR market. The article likely explores whether increased rental supply can meet demand while analyzing the city's approach to STRs.
Realtor.com's report on best mountain towns for Airbnb returns reveals key locations for STR investment. The analysis likely includes data on occupancy rates, ADR, and RevPAR to identify profitable markets. Understanding these trends helps hosts optimize pricing strategies and choose lucrative destinations.
Curated by Learn STR by GoStudioM