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.
- •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.
- •If you manage 10 or more properties, be prepared to be contacted by potential buyers.
Action Items
- ✓Follow a daily and weekly pricing routine for revenue management.Effort: lowImpact: medium
- ✓Structure your business to be attractive to buyers.Effort: mediumImpact: medium
Tools & Resources
- →Get Paid for Your Pad: Listen to the podcast episode 'How to Work ON instead of IN Your STR Business' with Julie George.
- →Freewyld Foundry: Get a Free Revenue Review from Freewyld Foundry.(https://www.freewyldfoundry.com/report)
Common Mistakes
- ⚠Making revenue management decisions without a structured routine.
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Airbnb is offering a $750 incentive to attract new hosts to list their properties for the World Cup. This move aims to ensure sufficient accommodation for visitors during the event. This initiative highlights the importance of short-term rentals in accommodating large-scale events and provides a financial benefit for new hosts.
Curated by Learn STR by GoStudioM