The Importance of Community

When you have a question about your short-term rental (STR) business, where do you go? Do you run a Google search and then spend several hours sifting through the information? What if you had a community of experienced Airbnb hosts you could go to for knowledge, inspiration and support?Phillipe Thibodeau is the real estate developer and STR host behind Strawberry Stays, a vacation rental and property management company out of Montreal, Canada. His experience as a host began with a single unit in May of 2017, and now he and his business partner are growing their portfolio quickly—with plans to secure a total of 80 listings in the next 12 months!On this episode of Get Paid for Your Pad, Phillipe joins me to discuss the pros and cons of self-learning versus being part of a community. He explains how COVID-19 gave him the opportunity to work ON his business and what you can do to develop a playbook for your own Airbnb. Listen in for Phillipe’s insight on the three things you need to know before you start a STR business and learn how YOU can get inspired by an engaged community of Airbnb hosts!Topics CoveredHow Phillipe got into hosting on AirbnbStruggling to rent unit of building owned w/ best friendDecided to try STR, earned double normal income on unitOpened eyes to new market in real estate businessHow Phillipe was affected by COVID-19One guest for 30 days vs. 30 guests per monthOpportunity to work ON business (build systems)How to develop a playbook for your STR businessWear ALL hats early on (e.g.: cleaning, maintenance)Optimize and document processes for every roleThe three things you need to know before you start hostingLook for community to learn fromBusiness doesn’t run itself (work ON AND IN to start)Only move forward if you’re passionate about STRThe benefits of being part of a community of hostsKnowledge and informationInspirationAccountabilityMotivation in moments of doubtAccelerate growthPhillipe’s goals for the next 12 to 24 monthsGrow business to qualify for STR LegendsBuild boutique hotel on land purchasedConnect with PhillipeStrawberry StaysPhillipe on LinkedInPhillipe on AirbnbResourcesZapierChip ConleyMaslow’s Hierarchy of NeedsSTR LegendsSTR Profit AcademyGet Paid for Your Pad on FacebookEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.