Discover how to build a profitable short-term rental portfolio by focusing on quality over quantity! In this episode, we chat with Andrew about his journey from managing 2 properties to earning $21K/month with just 6 high-performing homes. Learn how to set and maintain strict standards, choose the right owners, and create long-term success in the STR market.
01:22 - Guest Introduction
02:44 - Starting with Just Two Properties
03:18 - Quality Over Quantity Strategy
04:30 - Mastering Tough Client Conversations
05:03 - The Power of Setting Expectations Early
06:15 - Turning Down Non-Ideal Properties
07:50 - Defining Tangible Standards for Success
08:58 - Effective Direct Booking Marketing
10:30 - Expanding Into New Markets Strategically
11:12 - Managing Unique Historical Properties
12:48 - Weighing Future Opportunities vs. Standards
14:15 - Launching and Growing a Meet-Up Group
15:05 - Networking in a Regulation-Intensive Market
15:32 - The Importance of Leveraging Partnerships
16:20 - Focusing on High-Margin Operations
17:15 - Long-Term Vision: Quality and Sustainability
18:25 - Learning from Challenges and Successes
19:40 - Key Advice for Aspiring Hosts and Managers
Guest Bio
Andrew Rodriguez is the President and Co-Founder of Stay Booked, a full-service short-term rental management business that specializes in maximizing the revenue of large and unique vacation homes. In this role, he oversees all aspects of operations and guest and owner services. Outside of Stay Booked, he is the co-founder of Brews & Deals NYC, one of the largest short-term rental networking events in the country, as well as an active investor in short-term and long-term rentals across the Northeast.
Outside of real estate, Andrew spends as much time as possible in the mountains with his wife and business partner, Lindsey, and their 2-year-old son Riley. Andrew is passionate about skiing, ultrarunning, and helping others change their lives with real estate.
Connect with Guest:
www.instagram.com/andrew.j.rod
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