Ep 5 - STR Secrets - The State of the STR Industry & Renting Responsibly with David Krauss

GUEST BIO

David Krauss has been in the real estate space since 2012 and started flipping houses and condos in Boston and realised the potential of putting them on airbnb early on. Everything was going great until some people threw a massive party on his property and got a letter from the City which triggered him to go out and co-found the company NoiseAware. And just over a year or so he again found Rent Responsibly.

HIGHLIGHTS OF THE EPISODE

06:01  What triggered him to think about short term rentals from flipping houses?

14:47  Everybody needs to get involved.

17:10  The feedback's that he’s getting about airbnb since states and counties are opening

24:47  Democratizing travel looks like

27:05  Inner workings of Rent Responsibly

32:44  Where Rent Responsibly started

36:56  Consistent Airbnb employee compensations and host surveys

38:52  The secret or the best advice for someone who just started on Airbnb or wants to scale up in this business

46:27  Why he hates the work “Advocacy”

NOTABLE QUOTES (KEY LESSONS):

Ford model T analogy - This was when cars were not seen as a great way of transportation before and up until 20 years later is when they started making laws on how cars operate on roads since roads were made for horses and buggies at the time. Then David Krauss explained how airbnb will soon become like what happened to the Ford model T in this generation.

CONNECTING WITH THE GUEST
Website: rentresponsibly.org

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