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Ep 193: How COVID helped quadruple this STR company | Peter and Michael
12:49 – Meeting other hosts in your area and finding out exactly what the rules are and what is allowed will help you do business in other places.
21:34 – The least risky is management. You’re gonna make money each month no matter what, and your biggest risk is how much time your client is gonna take us.
26:31 – We need to have assets that are going to make us money forever and that is the way you truly retire one day.
29:41 – We have a very explicit relationship with all of our landlords which is why we think we cap them all. We have good relationships with them and they appreciate us.
32:53 – Build a credibility package. Basically you have to sell yourself, life and business are sales. So the more you can point to your website or presentation, or landlord references from your other landlords. The more you have those things, the more trustworthy you’ll become to other people.
35:42 – No matter where our unit is or how nice our unit is or how expensive our unit is, we’re gonna make sure these people have the best time ever while they are in town.
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