Protect Your Margins At All Cost

278 viewsover 3 years ago0m 50sScore: 80

Michael Chang

Pricing & Profitability
intermediate
Profitability
Expenses
Revenue Management

Summary

Michael Chang explains the importance of preserving margin in an STR business by avoiding unnecessary expenses that don't provide an incremental return. He uses security camera options to illustrate how choosing less expensive equipment can save money that can then be reinvested into the property and impact the business' cash flow.