Follow These Steps To Set New Goals for Your 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.

Megan asks:

My question relates to goals for next year. I’m working with my business partner to begin setting goals for our rental property, but we’ve never really done that before. What advice do you have on where to start or what should we be looking at to begin?

(01:22) How Should I Formulate 2024 Goals for My STR?

(01:56) Making Your Goals Meeting a Top Priority 

(02:35) Focus on P&L: Where Are You Winning?

(04:20) Balancing Big Dreams With Realism

(06:09) How To Track Success Over Time 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