Special Guest: Natalie Palmer talking Cohosting Scales of Economy

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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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