The Short Term Rental Playmaker The Cohost Coach - Episode #9: Setup your STR or Cohost Property with Kim Fitzpatrick
Nov 27, 2024
Kim Fitzpatrick, a short-term rental owner and co-host, shares her expertise on setting up properties efficiently through her company, Launchedhost. She discusses her inspiring journey from co-hosting to owning multiple rentals, emphasizing the importance of careful planning and organization. Kim delves into effective property management strategies and the critical role of design in attracting guests. She also highlights the challenges of balancing work with family life, offering practical tips for maintaining that equilibrium while enhancing guest experiences.
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Humble Beginnings
- Kim Fitzpatrick started her STR journey by renting out a spare bedroom with an air mattress.
- This allowed her to earn extra income and eventually led to purchasing her first STR property.
From Room to Condo
- Kim's initial goal was to earn extra income for her children's activities.
- The success of her single room rental motivated her to purchase a condo nearby, marking her expansion in the STR business.
Early Planning
- Start planning your STR design as soon as you're clear to close on the property.
- This allows for immediate action on closing day and a quicker setup process.