STR Legends Mastermind Last Call for Applications
Summary
This article promotes the STR Legends Mastermind, highlighting the evolution of the STR space and the benefits of networking with experienced operators. It also provides insights into revenue management strategies and CEO-level focus for scaling STR businesses, including tips on pricing routines and overcoming operational challenges. Actionable takeaways include using a revenue management routine and understanding the role of a CEO in a growing STR business.
Key Insights
- •CEOs waste 30 to 50 percent of their time on low-value activities.
- •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.
- •The STR space has evolved with more professional operators, companies, and entrepreneurs than ever.
Action Items
- ✓Structure your revenue management time with a daily and weekly pricing routine.Effort: lowImpact: medium
- ✓Identify the biggest bottleneck in your STR business and focus on it.Effort: mediumImpact: high
Tools & Resources
- →Get Paid For Your Pad: Get Paid For Your Pad YouTube channel
- →Freewyld Foundry: Freewyld Foundry provides a free revenue review to determine how much money a portfolio is leaving on the table.(https://www.freewyldfoundry.com/report)
Common Mistakes
- ⚠Most STR operators underperform due to lack of a pricing routine.
- ⚠Trying to fix everything at once slows growth.
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Curated by Learn STR by GoStudioM