Creative Negotiation Strategy - Fight for 3 Big Concessions

The Short Term ShopJul 4, 20240m 34s471 viewsScore 65
Growth & Marketing
intermediate
negotiation strategy
concession negotiation
short term rental negotiation
deal making
property acquisition
M

Summary

AI-generated

Learn how to negotiate concessions effectively by focusing on a few significant items rather than an extensive list. This strategy maintains the other party's interest and ensures your key points receive proper consideration.

Key insights

  • Focusing on two to three significant concessions, and being dramatic about them, is more effective than a lengthy list of small items when negotiating.

Mistakes to avoid

  • Attempting to add up many small concessions to increase the perceived value or financial gain can backfire, causing the other party to lose interest or deem the request unreasonable.

Tools & resources

  • The Vacation Market Masterclasscourse

    A masterclass is available for step-by-step training on building a short-term rental cash flow machine.

Frequently Asked Questions

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