From 0 to 100 in One Year
Summary
This article discusses how Prak Sangthong grew his Airbnb property management company from 0 to 100 listings in a year without spending on marketing. The article covers his strategies, including setting up systems, training cleaning staff, and negotiating discounts. Hosts can learn how to scale their STR businesses efficiently.
Key Insights
- •Property management fees can be dropped by 1% for each referral.
- •Listing 3 units on Airbnb led to increased weekly income, demonstrating the potential of short-term rentals.
- •Prak Sangthong grew from 0 to 100 listings in one year, without marketing spend, highlighting the potential for rapid growth with effective operational strategies.
Action Items
- ✓Train cleaning staff thoroughly, providing checklists and rewarding good work to ensure consistent quality.Effort: mediumImpact: high
- ✓Set up systems and processes to enable rapid scaling of your STR business.Effort: mediumImpact: high
- ✓Create templates for common guest questions to improve guest communication and streamline operations.Effort: lowImpact: medium
Tools & Resources
- →Easy Home Rentals: Easy Home Rentals
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Curated by Learn STR by GoStudioM