Short Term Rental Secrets Podcast

How this W2 Worker Went From 0-80 Airbnb Properties and Became a CEO | The STR Scale Show w/ Mike Reilly | Ep 03

11 snips
Feb 13, 2025
Mike Reilly, a former W2 worker turned CEO in the Airbnb cohosting sector, shares his incredible journey to managing 80 properties. He highlights the importance of building successful partnerships and effective leadership to drive business growth. Reilly discusses how personal connections with team members and meaningful one-on-one meetings foster collaboration and trust. He emphasizes a proactive approach, dedicating 80% of time to strategic planning. Tune in for actionable tips on scaling your Airbnb business and achieving financial freedom!
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ADVICE

Elevate Leadership

  • Continuously raise your leadership standards, especially when bringing on new team members.
  • Strong structure helps exhibit good leadership behaviors.
ANECDOTE

Rapid Growth

  • Chris Petsy grew from 3 to 83 properties in 2.5 years and expanded his team quickly.
  • He elevated team members from cleaners to ops managers and hired a cleaning manager.
ADVICE

Partnerships

  • Learn the business yourself before partnering, but partnerships can be beneficial with shared goals, values, and complementary skills.
  • Chris and his partner succeeded due to aligned goals, family values, and his partner's sales skills combined with Chris's operational expertise from the mastermind.
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