STR Investing, The Podcast Lessons Learned from Working at Airbnb to Starting a Business with Paul Kromidas
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Feb 14, 2025 Paul Kromidas, a former Airbnb employee turned short-term rental entrepreneur, shares his journey of overcoming mindset barriers and taking bold risks. He discusses the importance of capital raising and balancing host-guest experiences in a competitive market. Paul also emphasizes the need to choose the right properties for investment and the evolution of his business model towards innovative, software-driven solutions. His insights on integrating family life with entrepreneurial duties offer valuable lessons for aspiring investors.
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Overcoming Imaginary Barriers
- Confront imaginary barriers preventing you from pursuing your goals.
- Recognize that there's always something more to achieve, but don't let that stop you.
Paul's Airbnb Origin Story
- Paul Kromidas's path to the STR industry began at Airbnb, working on M&A, then product.
- Observing the company's resilience during COVID sparked his entrepreneurial interest in short-term rentals.
Unique STR Challenges
- Short-term rentals have unique challenges in determining return profiles due to asset variability and fluctuating income.
- This differs from traditional real estate and hospitality, making investment decisions complex.
