The Journey from Hectic Host to STR Legend

Get Paid For Your Pad
Published: October 28, 2022
Hosting Operations

Summary

This article is a collection of podcast episode summaries from "Get Paid for Your Pad". The episodes discuss various aspects of STR management, including building a vision, optimizing revenue, and scaling operations. Hosts can find insights on building a brand, managing revenue, and avoiding overwhelm.

Key Insights

  • Booking reviews can reveal pricing and demand signals; early bookings may indicate underpricing or upcoming events.
  • STR pricing is dramatically harder than hotel pricing, due to product uniqueness and booking windows.
  • CEOs waste 30 to 50 percent of their time on low-value activities.

Action Items

  • Build a vision for your Airbnb business and put your brand vision and core values on paper.
    Effort: low
    Impact: medium
  • Schedule revenue management and create a daily/weekly pricing routine.
    Effort: medium
    Impact: high
  • Identify the biggest bottlenecks in your STR business that require CEO-level attention.
    Effort: low
    Impact: high

Tools & Resources

  • Freewyld Foundry Report: Get a Free Revenue Review(https://www.freewyldfoundry.com/report)
  • Freewyld Foundry: Learn more about Freewyld Foundry(https://www.freewyldfoundry.com)

Common Mistakes

  • Most STR operators underperform because they don’t know what to look at, when to look at it, or how to interpret booking behavior.

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