EP 345: "Must Dos" prior, during, and after launching your Airbnb

airbnb airbnbs biggerpockets entrepreneur investher investing investor real estate short term invetsing short term rentals womeninconstruction womeninfinance womeninfinances womeninrealestate Feb 09, 2023

Are you looking to launch a successful short-term rental property? This minisode will give you all the information needed. Welcome ladies to the Real Estate InvestHER show, where our co-hosts Liz and Andresa will break down their three steps for success in the Airbnb market: studying competitors, focusing on the local market, and being a guest at one of their top competitors. They also discuss the importance of providing an exceptional experience for guests – including local recommendations – to ensure success.

They talk about the key ingredients to making a great first impression with guests on Airbnb, from having an easy check-in process to providing unexpected perks such as pastries or pizza for those arriving late. They also emphasize that it’s important to be proactive when communicating with guests by asking how they can make their stay better and thanking them for any feedback they receive. Finally, Liz and Andresa outline helpful tips for running an Airbnb business, from paying your cleaner a reasonable rate to segmenting tasks to reduce overwhelm.

Tune in now for all the insights you need to get started on your journey to an amazing short-term rental experience!

Quotes

· “Focus on the experience. The experience, before, during, and after your guest has will determine the success of your investment.” (01:53 - 02:06)

· "You really need to study your competitor. And then what are you going to do? Add something extra that people can be impressed by." (03:16 - 03:24)

· "That is why recommendations are essential. You want to be personal with guests, because people want it easy, they don't want to think about it. ". (03:37 - 03:40)

· "Be a guest. Spend the night at your top competitor. […] You are there to gather the experience that other successful Airbnb hosts are doing so you can copy and make it better”. (05:27 - 05:40)

· "You don't need a clean place […] You need a spotless place in order to succeed in the short-term rental business ". (10:53 – 11:21)

· "It's always important for us to evolve as the industry evolves itself. If you do all those things, there is no way your Airbnb will not be successful. (12:29 - 12:41)

How To Join the InvestHER Movement 

1) InvestHER CON 2023

HOLIDAY EDITION!*

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· How to spot a good deal from a bad deal? - Kim Kiyosaki + HANDOUT

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