This is the exact advice I gave my best friend!

John BianchiApr 1, 20251m 31s254 viewsScore 82
Getting Started
beginner
First Listing
Co-hosting
Property Managers
M

Summary

AI-generated

For hosts looking to start an STR business with little to no money, the speaker suggests two strategies: start by acquiring property management contracts to gain experience and manage someone else's property for a percentage of the revenue, and then rent out a 2-bedroom unit and rent out the other room to build skills in cleaning, messaging guests, using software, and pricing; or rent a 1-bedroom apartment for use as a short-term rental to build skills in STR property management.

Key insights

  • One of the cheapest ways to get started is to rent a two-bedroom property, live in one bedroom, and rent out the other bedroom.

Mistakes to avoid

  • Don't expect to manage others' properties without experience.

Frequently Asked Questions

Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial