If we could start over as short term rental property managers, this is what we'd do differently.

Kylee & Steven - Short Term Rental ExpertsNov 15, 20229m 34s7.9K viewsScore 75
Hosting Operations
intermediate
property management
host mistakes
client screening
setup services
systems implementation
M

Summary

AI-generated

Learn from experienced hosts about four key mistakes to avoid when starting in short-term rental property management. This includes recognizing red flags in clients and properties, avoiding acting as a bank for property owners, correctly valuing setup services, and implementing systems early for scalable growth.

Key insights

  • Properties that do not meet a basic threshold of amenities or are not well-maintained can reflect negatively on your entire brand and portfolio's performance due to potential bad reviews and algorithm impacts.

Mistakes to avoid

  • Undercharging for whole-home setup and curation services, especially when they involve significant design, assembly, and furnishing, leads to not recovering the value of your time, knowledge, and sweat equity, particularly if the property sells quickly.

Tools & resources

  • Airbnb Sign-up Bonusreferral_link

    New Airbnb hosts can receive a $40 bonus by signing up through a specific referral link.

Frequently Asked Questions

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