How a near death experience inspired two brothers to go all-in on STRs
Summary
This article from "Get Paid for Your Pad" discusses how the Lotem brothers built a successful STR business with a focus on guest experience and operational excellence. They prioritize safety, unique amenities, and collaboration. Hosts can learn from their focus on detail and innovation.
Key Insights
- •5 Star STR offers both full-service and online service management models.
- •The Lotem brothers are exploring creating unique guest experiences through high-quality furniture and unique features.
- •The Lotem brothers expanded from four to 20 properties in a year with a focus on high-end properties.
Action Items
- ✓Consider how you can enhance guest experiences with unique amenities or features to differentiate your properties.Effort: mediumImpact: medium
- ✓Review your properties to ensure they are safe and properly maintained to provide a comfortable stay.Effort: lowImpact: medium
Tools & Resources
- →Get Paid for Your Pad: The article mentions Get Paid for Your Pad and offers a free revenue management training.(getpaidforyourpad.com)
- →5starstr.com: The article references the website 5starstr.com for potential partnerships.(5starstr.com)
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