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Link: https://www.tokeet.com/?ref=ztfjzgj

THE AIRBNB CONSULTANT - CONTACT US

https://airbnbconsultant.co/

DESCRIPTION

For this toolbox episode, Alex talks about how to scale your Airbnb rent to rent business, to go from securing your first deal to generating income from multiple properties. To turn your side hustle into a business that enables you to give up your day job.

KEY TAKEAWAYS

• Start by mastering the management of your first property.
• If you don´t have your first property running smoothly, running more will be too much and you will fail.
• Put in place good systems that provide a flawless guest experience and keeps the property in perfect condition.
• Streamline your processes before you scale.
• Remove yourself from as many day-to-day tasks as possible e.g. cleaning or taking bookings.
• Use software and apps to automate as much as possible.
• Focus on building your network. Your network is not just agents. Cleaners, maintenance teams and other hosts can also be good sources of leads and partners.
• Treat your suppliers and team like gold, they are the ones that deliver the excellence that makes your business shine.
• Master cashflow. Short-term and long-term financial planning is crucial.
• Use the management model to start working with people who own properties that need attention. Later, they may rent to you.
• Work on the business not in the business.
• Invest in education for you and your team.

BEST MOMENTS

“Scaling isn´t about working harder. It´s about working smarter.”

“The 1st deal is always the hardest one…to scale you need to make sure you have a solid foundation in place.”

“That first property, that is your blueprint. This is where you're cutting your teeth making sure that you're getting everything right.”

“You've got to have repeatable systems in place that allow you to handle multiple properties without burning out.”

“Trust is crucial to your success.”

“In the UK, we've got this massive rental crisis. But it's not impossible.” – (finding more properties to rent and use for Airbandb)

EPISODE RESOURCES

How to secure that first R2R Airbnb deal direct to landlord episode - https://podcasts.apple.com/gb/podcast/how-to-secure-that-first-r2r-airbnb-deal-direct-to-landlord/id1725492164?i=1000675986688

Software that will make managing your property easier –

https://www.tokeet.com/?ref=ztfjzgj

https://rategenie.io

https://hello.pricelabs.co

https://turno.com

https://stripe.com

https://www.tidy.com

HOST BIOS

Alex & Pooh have built a portfolio of over 16 Serviced Accommodation Units and 10 Buy-To-Lets collectively over the last 5 years.

This AirBnB Business has allowed each of them to create their own tailor-made ‘lifestyle by design.’

Pooh chose to escape the corporate life as an electrical engineer instead to spend his time at home with his young and growing family, and Alex likes to spend most of his time in sunny Spain enjoying his love for road cycling or even hiking in the Tramuntana mountain ranges.