How Do You Quickly Scale a Short-Term Rental Business?

Welcome back to the Hosting Hotline! This is an Ask Me Anything where each week we’ll answer your questions on Airbnb, STRs, real estate, and everything in between.

Jennifer asks:

I run Pepin Forest Treehouse in Wisconsin. How does growth become exponential and how do people tend to do it so quickly? What does that look like with debt-to-income ratios? How are people growing their businesses on such short timelines? What’s the secret that I’m missing? 

(00:01:23) What’s the Secret for Exponential STR Business Growth?

(00:02:59) FOMO & Unpacking Social Media Growth Narratives

(00:06:08) Unexpected Ways Someone Might Finance Real Estate Deals

(00:07:49) Reframing Your Mindset: Total Doors vs. Profit Margin

Thanks to everyone who submitted questions. To hear your voice on the show and send a question to Sarah and Annette, submit your burning hosting questions at: hostinghotline.com.

Download a transcript of this episode.

Resources:

• Visit thanksforvisiting.com/workshop to watch our Hosting Business Mastery Method workshop!
• Airbnb Essentials Checklist: hostchecklist.com