How Steven went from near bankruptcy to building a thriving STR business

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In this episode, Jasper Ribbers interviews Steven Suarez, the founder of Argest Rentals, about his experiences in property management and the challenges he faced in scaling his business. 

They discuss the importance of building strong relationships with virtual assistants, navigating partnerships and breakups, and the art of renegotiating in business. Steven shares valuable insights and lessons learned from his journey, emphasizing the need for clear communication, restructuring, and perseverance in the face of adversity.

Takeaways

• Building strong relationships with virtual assistants is crucial for success in property management.
• Navigating partnerships requires clear communication and setting expectations from the beginning.
• Scaling back and reevaluating properties and clients is essential for long-term growth.
• Managing stress and emotions is important for staying focused and making sound business decisions.
• Appreciating and supporting virtual assistants fosters loyalty and improves team morale.
• The art of renegotiating is a valuable skill in business and can help navigate challenging situations.

Chapters

00:00 Introduction and Catching Up

02:22 The Rum and Coke Story

08:07 Challenges and Lessons Learned in Property Management

14:07 Navigating Partnerships and Breakups

19:23 Scaling Back to Scale Up

23:41 Managing Stress and Emotions

27:41 Building Strong Relationships with Virtual Assistants

30:11 The Importance of Appreciating and Supporting Virtual Assistants

35:00 The Art of Renegotiating in Business

37:51 Where to Find Steven Suarez

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