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In this episode of STRUnfiltered, host Bill Faeth interviews co-host Natalie Palmer about her experiences in co-hosting vacation rentals and how it has affected her life. Natalie, who manages ten properties in California’s Big Bear ski resort, shares valuable advice on operating a successful rental business, the advantages of having multiple properties in a single location, and the importance of having a supportive relationship with service providers, such as cleaners. They also discuss the risks of regulations and restrictions on short-term rentals and the benefits of having a local STR association. Additionally, the conversation delves into their personal experiences of hosting conferences in their industry and the challenges that come with it. Natalie also shares information about her upcoming conference, 'Level Up Your Listing Summit' in Scottsdale, Arizona.
00:01 Introduction and Catching Up
00:30 The Challenges of Organizing Conferences
02:39 The Love for Taylor Swift
05:33 The Journey into Co-hosting
05:59 The Success of Specialized Co-hosting
13:38 The Risks of Investing in Big Bear, California
16:16 Impact of Policies on Community
16:28 Regulatory Challenges in the Market
17:22 Importance of Organizing Associations
17:29 The Role of City Councils in Legislation
18:29 The Reality of Local Politics
18:50 The Effect of Regulations on Different Cities
19:42 Achieving Economies of Scale in the Industry
20:13 Benefits of Co-hosting in the Same Market
20:49 The Importance of Cleaners in the Business
27:48 The Impact of Short Term Rentals on Communities
29:09 Upcoming Conferences and Events
31:40 The Joy of Food and Travel
32:41 Closing Remarks and Future Plans
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Bill Faeth Unfiltered