STR Like The Best Michael Chang

In this podcast episode, I had a great chat with Mark Simpson, the founder of Boostly. We discussed strategies to enhance direct bookings for short-term rental properties.

The discussion covers the difficulties of over-relying on Online Travel Agents (OTAs) like Airbnb and the importance of building a direct booking channel. Mark shares practical marketing and branding tips to drive traffic.

We delve into the significance of email marketing, social proof, and leveraging influencer partnerships to create trust and retain guests. This episode is packed with actionable advice for rental hosts looking to optimize their business models and create lasting value.

00:29 Meet Mark Simpson: Who is Boostly

03:44 The Power and Pitfalls of Relying on OTAs

09:34 A Deep Dive into Direct Bookings vs. OTAs

19:48 Leveraging Technology for Direct Bookings

22:48 Airbnb’s Branding and Trust

24:14 Maximizing Direct Bookings and Trust Verification

25:38 Leveraging Airbnb for Direct Traffic

27:19 Creative Strategies for Direct Booking Success

33:53 Building a Strong Email Marketing Strategy

39:49 Engaging Potential Guests Through Email

42:36 Conclusion: The Importance of Building Your Own Booking Channel

Follow Mark Simpson on Instagram https://www.instagram.com/boostlyuk/?hl=en

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🏡 Start and make money with STR Arbitrage

💰 Build long-term wealth with STR Investing ⚙️ Earn back your precious time with STR automations ------------------------------------------------------------------------------

🌟 What Type Of Short-Term Rental Host Are You?

🌟QUIZ: https://www.strlikethebest.com/ytquiz

🌟Spotify Podcast: https://open.spotify.com/show/141mIvb8qq26JgRYpyoAOa?si=ea3dec9707d74da4

🌟Apple Podcast: https://podcasts.apple.com/us/podcast/str-like-the-best/id1675408369

 

In this episode, I welcome Parker Borofsky, one of the top short-term rental lenders and an investor with an impressive portfolio, including a peacock farm. 

 

Parker shares her journey into short-term rental investment and lending, discussing the nuances of mortgage lending, the impact of COVID-19 on the real estate market, and insights into current mortgage rates. 

 

With Parker’s expertise in the STR lending industry, she provides a deep dive into the mortgage process, offering listeners a glimpse into the short term rental financing. Additionally, Parker and Michael explore the current market trends and how to structure investment strategies.

 

00:00 Introduction to Parker Borofsky

07:13 Short Term Rental Mortgage Lending Process

04:04 Impact of COVID-19 on Real Estate

14:32 Understanding Mortgage Rates

28:15 Short-term Rental Market Trends

31:50 Advice for STR Investors

 

Follow Parker Borofsky on Instagram https://www.instagram.com/parkerborofsky

 

📖 Join 5,000+ Investors Who Subscribe to the STR Like The Best Newsletter

https://www.strlikethebest.com/subscribe?utm_source=yt

 

🏡 Start and make money with STR Arbitrage

💰 Build long-term wealth with STR Investing

⚙️ Earn back your precious time with STR automations

 

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- What Type Of Short-Term Rental Host Are You? QUIZ: https://www.strlikethebest.com/ytquiz

 

- Spotify Podcast: https://open.spotify.com/show/141mIvb8qq26JgRYpyoAOa?si=ea3dec9707d74da4

 

- Apple Podcast: https://podcasts.apple.com/us/podcast/str-like-the-best/id1675408369

 

#airbnbautomated #airbnb #rentalarbitrage #shorttermrentals #airbnbcoach #airbnbsuperhost #howtoairbnb #airbnbarbitrage

 

In this episode, we interviewed Kevin Leong who remarkably scaled his Airbnb Arbitrage business from 0 to 81 units in just one year using business credit. Kevin shares insightful details on the catalytic role of mentorship and the undeniable power of community in supercharging progression in the business world.

 

Key Highlights:

➡️The Foundation of Success: Kevin emphasizes the paramount importance of having a mentor and a support system of like-minded individuals. The community is a crucial aspect for navigating through the early stages of a business venture, providing guidance, encouragement, and a platform to learn from collective experiences.

➡️Confidence to Launch: What gave Kevin the confidence to plunge into the Airbnb Arbitrage business? He shares his thought process, his evaluation of risks and opportunities, and how he equipped himself to take the leap.

➡️Leveraging Business Credit: A significant takeaway from Kevin’s story is his strategic use of business credit as a powerful tool for leverage and how it can serve as a strong foundation for scaling a business.

➡️Rapid Scaling Explained: Going from 0 to 81 Airbnb units in a year seems impossible. Kevin breaks down his approach to scaling, including the strategies he employed, the challenges he faced, and how he overcame them by making calculated decisions.

Whether you are considering Airbnb Arbitrage or any business venture, this episode offer a blueprint for leveraging community support and financial tools to scale rapidly and efficiently.

📖 Join 5,000+ Investors Who Subscribe to the STR Like The Best Newsletter https://www.strlikethebest.com/subscribe?utm_source=yt 🏡 Start and make money with STR Arbitrage 💰 Build long-term wealth with STR Investing ⚙️ Earn back your precious time with STR automations ---------------------------------------------------------------------------------------------------------

- What Type Of Short-Term Rental Host Are You? QUIZ: https://www.strlikethebest.com/ytquiz - Spotify Podcast:

https://open.spotify.com/show/141mIvb8qq26JgRYpyoAOa?si=ea3dec9707d74da4 - Apple Podcast:

 

In this episode of 'STR Like the Best,' host Michael Chang invites Patrick Swietek to share his entrepreneurial journey and insights into scaling the largest short-term rental property management company in Joshua Tree market.

00:00 Guest Introduction

04:09 Entrepreneurial Beginnings

10:16 Transition to Real Estate

14:40 Scaling and Property Management in STR

16:20 The Competitive Landscape of Joshua Tree

20:12 Strategic Partnerships for Growth

28:54 Building Community and STR Nation📖

Connect with Patryk Swietek:

https://www.instagram.com/patryk_swietek/?img_index=1

Join 5,000+ Investors Who Subscribe to the STR Like The Best Newsletter https://www.strlikethebest.com/subscribe?utm_source=yt

🏡 Start and make money with STR Arbitrage 💰 Build long-term wealth with STR Investing ⚙️ Earn back your precious time with STR automations ---------------------------------------------------------------------------------------------------------

- What Type Of Short-Term Rental Host Are You? QUIZ: https://www.strlikethebest.com/ytquiz

- Spotify Podcast: https://open.spotify.com/show/141mIvb8qq26JgRYpyoAOa?si=ea3dec9707d74da4

- Apple Podcast: https://podcasts.apple.com/us/podcast/str-like-the-best/id1675408369

 

In this in-depth podcast episode, host Michael Chang invites real estate expert Ruben to share his journey and insights into the world of midterm rentals (MTRs). The discussion begins with Ruben's shift from considering vacation rental markets to exploring ways to optimize existing assets, emphasizing problem-solving as a key skill in business. They cover important aspects of MTRs, including the types of properties that are most suitable, how to market to corporate clients rather than traditional tenants, and how to utilize insurance niches for higher profitability. Ruben shares practical advice on asset types, the significance of proximity to the source of knowledge, and the importance of asking the right questions. The episode also touches upon the strategies for building a stable and lucrative real estate portfolio with fewer operational headaches than short-term rentals. Listener engagement is encouraged through subscribing to podcasts and utilizing available resources like the MTR insurance blueprint offered by Ruben. The podcast concludes by highlighting the power of the abundance mindset and the value of surrounding oneself with knowledgeable and generous individuals in the real estate field.Connect with Ruben 👇 https://www.instagram.com/therealestateexperiment ---- 📖 Join 5,000+ Investors Who Subscribe to the STR Like The Best Newsletter https://www.strlikethebest.com/subscribe?utm_source=podcast 🏡 Start and make money with STR Arbitrage 💰 Build long-term wealth with STR Investing ⚙️ Earn back your precious time with STR automations --------------------------------------------------------------------------------------------------------- - What Type Of Short-Term Rental Host Are You? QUIZ: https://www.strlikethebest.com/ytquiz Spotify Podcast: https://open.spotify.com/show/141mIvb8qq26JgRYpyoAOa?si=ea3dec9707d74da4  Apple Podcast: https://podcasts.apple.com/us/podcast/str-like-the-best/id1675408369 

Join 5,000+ Investors Who Subscribe to STR Like The Best Newsletter! Weekly tips on how to best invest your time and money in short-term rentals!

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-----------------------------------Youtube Link to This Podcast: https://youtu.be/lpeFea-mB38