Protect Your Margins At All Cost

278 viewsPublished: July 25, 20220m 50sScore: 80
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.

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