{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/5afc793a028014b853c89db4/6186caf8f111b00018ba01e7?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Into the Weeds of the Operations of an Airbnb Business, Part II—with David Golshan","description":"<p>Are you looking to scale your Airbnb hosting business? If so, you need to hire an operations manager sooner rather than later.</p><p><br></p><p><a href=\"https://www.instagram.com/staywithdave/\" rel=\"noopener noreferrer\" target=\"_blank\">David Golshan</a> is the founder of <a href=\"https://www.staywithdave.com/\" rel=\"noopener noreferrer\" target=\"_blank\">StayWithDave</a>, a short-term rental business out of Los Angeles, California. He started hosting on Airbnb seven years ago, growing a portfolio of 50 units through rental arbitrage. Forced to downsize in the pandemic, Dave currently has 15 listings, and he is rebuilding his hosting business in the management model.</p><p><br></p><p>This episode of Get Paid for Your Pad, Dave returns for Part II of our discussion on Airbnb operations. We chat about the process of hiring a virtual operations manager for a STR business, exploring the best way to train someone for the role and the benefit of conducting a monthly review with your team.</p><p><br></p><p>Dave asks about our vision for outsourcing the management of Freewyld, the STR brand Eric and I are building. I explain why guests in secondary markets want to build a personal connection with their hosts—and how that impacts our operations.</p><p><br></p><p>Listen in for insight on operating in a highly regulated city like Los Angeles and learn how to choose an Airbnb-friendly market that’s the right fit for you!</p><p><br></p><h2>Topics Covered</h2><p><br></p><p>Benefit of owning STRs</p><ul><li>Best way to build long-term wealth</li><li>Real estate appreciates in value</li></ul><p><br></p><p>Dave’s process: hiring a virtual operations manager</p><ul><li>Serve as integrator to oversee VAs + vendors</li><li>Training through Loom and job score card</li></ul><p><br></p><p>Monthly review team meetings</p><ul><li>Shifts dynamic among team</li><li>Motivates all to up game (even owners)</li></ul><p><br></p><p>Create connection with guests at Freewyld</p><ul><li>Onsite host lives in each community</li><li>Add general manager for portfolio as scale</li></ul><p><br></p><p>STR hosting in highly regulated cities</p><ul><li>Decide if willing to operate in gray zone</li><li>Must be comfortable with uncertainty</li></ul><p><br></p><p>Pros and cons of hosting in a vacation city</p><ul><li>More competition but fully legal</li><li>Takes longer to scale but more sustainable</li></ul><p><br></p><p>Tips for choosing STR-friendly markets to focus on</p><ul><li>Bring value to community long term</li><li>Places where you already have listings</li></ul><p><br></p><h2>Connect with Dave</h2><p><br></p><p><a href=\"https://www.staywithdave.com/\" rel=\"noopener noreferrer\" target=\"_blank\">StayWithDave</a></p><p><a href=\"https://www.instagram.com/staywithdave/\" rel=\"noopener noreferrer\" target=\"_blank\">StayWithDave on Instagram</a></p><p><br></p><h2>Resources</h2><p><br></p><p><a href=\"https://getpaidforyourpad.com/podcast/into-the-weeds-operations-of-an-airbnb-business-david-golshan/\" rel=\"noopener noreferrer\" target=\"_blank\">Into the Weeds of the Operations of an Airbnb Business, Part I on GPFYP EP420</a></p><p><a href=\"https://getpaidforyourpad.com/podcast/manage-linen-efficiently/\" rel=\"noopener noreferrer\" target=\"_blank\">Harold Gonzalez on GPFYP EP369</a></p><p><a href=\"https://www.loom.com/\" rel=\"noopener noreferrer\" target=\"_blank\">Loom</a></p><p><a href=\"https://www.vacasa.com/\" rel=\"noopener noreferrer\" target=\"_blank\">Vacasa</a></p><p><a href=\"https://www.strlegends.com/\" rel=\"noopener noreferrer\" target=\"_blank\">STR Legends Mastermind</a></p><p><a href=\"https://www.strlegends.com/x\" rel=\"noopener noreferrer\" target=\"_blank\">Legends X 90-Day STR Accelerator</a></p><p>Email <a href=\"mailto:jasper@getpaidforyourpad.com\" rel=\"noopener noreferrer\" target=\"_blank\">jasper@getpaidforyourpad.com</a></p><p>&nbsp;</p><h2>Sponsor</h2><p><br></p><p><a href=\"https://www.hostfully.com/\" rel=\"noopener noreferrer\" target=\"_blank\">Hostfully</a> [Discount Code PAD]</p>","author_name":"Freewyld Foundry"}