Into the Weeds of the Operations of an Airbnb Business, Part II—with David Golshan

Are you looking to scale your Airbnb hosting business? If so, you need to hire an operations manager sooner rather than later.David Golshan is the founder of StayWithDave, a short-term rental business out of Los Angeles, California. He started hosting on Airbnb seven years ago, growing a portfolio of 50 units through rental arbitrage. Forced to downsize in the pandemic, Dave currently has 15 listings, and he is rebuilding his hosting business in the management model.This episode of Get Paid for Your Pad, Dave returns for Part II of our discussion on Airbnb operations. We chat about the process of hiring a virtual operations manager for a STR business, exploring the best way to train someone for the role and the benefit of conducting a monthly review with your team.Dave asks about our vision for outsourcing the management of Freewyld, the STR brand Eric and I are building. I explain why guests in secondary markets want to build a personal connection with their hosts—and how that impacts our operations.Listen in for insight on operating in a highly regulated city like Los Angeles and learn how to choose an Airbnb-friendly market that’s the right fit for you!Topics CoveredBenefit of owning STRsBest way to build long-term wealthReal estate appreciates in valueDave’s process: hiring a virtual operations managerServe as integrator to oversee VAs + vendorsTraining through Loom and job score cardMonthly review team meetingsShifts dynamic among teamMotivates all to up game (even owners)Create connection with guests at FreewyldOnsite host lives in each communityAdd general manager for portfolio as scaleSTR hosting in highly regulated citiesDecide if willing to operate in gray zoneMust be comfortable with uncertaintyPros and cons of hosting in a vacation cityMore competition but fully legalTakes longer to scale but more sustainableTips for choosing STR-friendly markets to focus onBring value to community long termPlaces where you already have listingsConnect with DaveStayWithDaveStayWithDave on InstagramResourcesInto the Weeds of the Operations of an Airbnb Business, Part I on GPFYP EP420Harold Gonzalez on GPFYP EP369LoomVacasaSTR Legends MastermindLegends X 90-Day STR AcceleratorEmail [email protected] SponsorHostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.