EP083: Real Estate Investing Using Airbnb With Glenn Carter
Summary
This article is a collection of podcast episode summaries from the 'Get Paid For Your Pad' podcast, discussing various aspects of STR management. Topics include revenue management strategies, CEO focus for scaling STR businesses, differences between hotel and STR revenue management, and overcoming operational overwhelm. Hosts should review these topics to refine their strategies, improve profitability, and optimize their business practices.
Key Insights
- •Early bookings can indicate underpricing or upcoming events.
- •STR pricing is dramatically harder than hotel pricing due to factors like product uniqueness and booking windows.
Action Items
- ✓Identify the biggest bottleneck in your STR business to focus on improving.Effort: lowImpact: medium
- ✓Review every booking to reveal pricing and demand signals.Effort: lowImpact: medium
Tools & Resources
- →Freewyld Foundry: Learn more about Freewyld Foundry
Watch Out For
- ⚠STR operators stay stuck in the hectic host stage even as they grow.
- ⚠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 once it shows up.
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