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Scaling Airbnb Units and Achieving Lasting Success
The chapter delves into scaling Airbnb operations from one to five units within a two-block radius, adapting to changing laws in New York by shifting to long-term leases, and expanding to Philadelphia with 26 arbitrage units and six vacation rental properties in the Smoky Mountains. It emphasizes the importance of adapting to regulations, compounding capital and time, focusing on one market for success, and the benefits of deep industry expertise. The speakers share insights on managing multiple short-term rental properties, focusing on a single market, and running a household efficiently like a business.