41 min listen
Ep 49 - What are the Keys to Scaling Your STR Business
Ep 49 - What are the Keys to Scaling Your STR Business
ratings:
Length:
32 minutes
Released:
Apr 26, 2021
Format:
Podcast episode
Description
HOSTS BIO
Mike Sjogren - Michael is a short-term rental expert and coach. He has a portfolio of STR properties across 5 states as well as an oceanfront boutique hotel. Michael brings a wealth of finance, business, and real estate experience. He is passionate about helping others create financial independence through real estate so they can pursue their passions and leave their mark on the world.
Emanuele Pani - Commercial and Residential Real Estate Consultant at Signature International Real Estate. Has a degree in accounting and finance. Started his real estate journey working as maintenance until the owner decided to sell the 40 unit apartment building to Emanuele Pani.
HIGHLIGHTS OF THE EPISODE
03:00 What are Mike’s and E’s roles look like now on their business.
04:30 Tool that you need to prepare for growth.
08:51 Getting PMS or channel managers to streamline processes for you.
15:19 Preparing your mindset for scaling.
17:52 E’s experience on having an executive assistant/ property manager on his team.
21:19 What you should be spending your time on.
24:43 Showing your team how you operate by working harder.
27:05 A tactical definition of “working on” versus “working in” the business.
27:43 Recap of the episode.
Join our Facebook group! www.facebook.com/groups/STRentalsecrets
NOTABLE QUOTES (KEY LESSONS):
"I prefer to work with cleaning companies because, again if the main cleaning person is sick or on a vacation or whatever, there's other people in the company that can go and get the property cleaned." - Mike Sjogren
"You need to start thinking like an entrepreneur, like a business owner and less like an operator that's working as a worker bee in your business." - Mike Sjogren
"You're creating yourself 1. Freedom. But 2. you're creating a consistent experience for your guests without you being involved in it." - Emanuele Pani
"When you bring on somebody to help you, may it be a local person or VA, the only thing you can teach them is how you've been doing things." - Emanuele Pani
CONNECTING WITH THE HOSTS
Michael Sjogren: Facebook Group | Facebook | Instagram | LinkedIn | Youtube | https://linktr.ee/the_airbnbguy
Clubhouse handle: @MichaelSjogren
Emanuele Pani: Facebook | Instagram | LinkedIn | Youtube
Clubhouse handle: @epanirealestate
2021 Goal Achiever Action Guide: www.strsecrets.com/2021
Learn more about your ad choices. Visit megaphone.fm/adchoices
Mike Sjogren - Michael is a short-term rental expert and coach. He has a portfolio of STR properties across 5 states as well as an oceanfront boutique hotel. Michael brings a wealth of finance, business, and real estate experience. He is passionate about helping others create financial independence through real estate so they can pursue their passions and leave their mark on the world.
Emanuele Pani - Commercial and Residential Real Estate Consultant at Signature International Real Estate. Has a degree in accounting and finance. Started his real estate journey working as maintenance until the owner decided to sell the 40 unit apartment building to Emanuele Pani.
HIGHLIGHTS OF THE EPISODE
03:00 What are Mike’s and E’s roles look like now on their business.
04:30 Tool that you need to prepare for growth.
08:51 Getting PMS or channel managers to streamline processes for you.
15:19 Preparing your mindset for scaling.
17:52 E’s experience on having an executive assistant/ property manager on his team.
21:19 What you should be spending your time on.
24:43 Showing your team how you operate by working harder.
27:05 A tactical definition of “working on” versus “working in” the business.
27:43 Recap of the episode.
Join our Facebook group! www.facebook.com/groups/STRentalsecrets
NOTABLE QUOTES (KEY LESSONS):
"I prefer to work with cleaning companies because, again if the main cleaning person is sick or on a vacation or whatever, there's other people in the company that can go and get the property cleaned." - Mike Sjogren
"You need to start thinking like an entrepreneur, like a business owner and less like an operator that's working as a worker bee in your business." - Mike Sjogren
"You're creating yourself 1. Freedom. But 2. you're creating a consistent experience for your guests without you being involved in it." - Emanuele Pani
"When you bring on somebody to help you, may it be a local person or VA, the only thing you can teach them is how you've been doing things." - Emanuele Pani
CONNECTING WITH THE HOSTS
Michael Sjogren: Facebook Group | Facebook | Instagram | LinkedIn | Youtube | https://linktr.ee/the_airbnbguy
Clubhouse handle: @MichaelSjogren
Emanuele Pani: Facebook | Instagram | LinkedIn | Youtube
Clubhouse handle: @epanirealestate
2021 Goal Achiever Action Guide: www.strsecrets.com/2021
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Apr 26, 2021
Format:
Podcast episode
Titles in the series (100)
Ep 6 - STR Secrets - How to Let Go of Control And Hire A Team To Run Your Short Term Rental With Kristin Saxton: <p><strong>GUEST BIO</strong></p> <p>Kristin Saxton - A seasoned short-term rental host living in Texas while running her “Secret Garden” property in South Florida. She’s a free-spirited, detail-oriented person who loves hospitality and providing her guests with a 5 star experience all while living out of state.</p> <p><strong>HIGHLIGHTS OF THE EPISODE</strong></p> <p><strong>03:58 </strong>Kristin’s background and how she got into the business</p> <p><strong>10:56 </strong> How she found her co-host</p> <p><strong>13:57</strong> Her plans on getting more units and how she maintains her customer service</p> <p><strong>15:12 </strong> Setting expectations and preventing problems in short term rentals</p> <p><strong>19:09</strong> How she overcame fear and how she became confident with her properties</p> <p><strong>23:26 </strong>Why hire a se by Short Term Rental Secrets Podcast