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DGS 136: Save Time and Money in Property Management with Andrew Lebaron
Description
Are short-term rental businesses coming out of the COVID-19 pandemic and being resurrected? Do owners love the return on investment (ROI) and income, but tired of the turnover, logistics, and moving parts? If you're doing it all on your own, hand it over.
Today's guest is Andrew LeBaron with BuyMoreTime, a flat-rate property management solution for short-term rentals. Andrew began his real estate journey by being the marketing director and a guest on Joe Fairless's Best Ever Real Estate Investing Advice Show. Then, Andrew started buying, selling, wholesaling, fixing, and flipping properties and got licensed to go even further.
You'll Learn...[02:13] How Andrew went from greeting big-name podcast guests to becoming one.
[05:15] Hoteling 101: Managing a hotel is not time and freedom. It's a lot of work.
[05:54] Team Effort: If you don't have a team, you will not thrive (or sleep).
[09:23] COVID: Great for short-term rentals, not for property managers or owners.
[12:40] Questions: How much could my property rent for? What needs to be inside it?
[16:23] Mistakes: Give gifts and leave notes for guests to make a big difference.
Tweetables"Shorter rental management is big bucks."
Hoteling 101: Owners of short-term rental properties just wanted more time and freedom, and managing a hotel is not time and freedom. It's a lot of work.
"There's so many facets to this. There's legal, there's inventory, there is coordination with cleaning and maintenance. Then, there's guest responses. It's literally 24/7."
"When you have a short-term rental, you're not selling a place to stay. You're selling an experience."
ResourcesThe Best Short-Term Rental Management
Best Ever Real Estate Investing Advice Show with Joe Fairless
JF1896: How To Grow Your Property Management Company with Jason Hull
TranscriptJason: Welcome DoorGrow hackers to the DoorGrowShow. If you are a property management entrepreneur that wants to add doors, make a difference, increase revenue, help others, impact lives, and you are interested in growing your business and life, and you're open to doing things a bit differently, then you are a DoorGrow hacker.
DoorGrow hackers love the opportunities, daily variety, unique challenges, and freedom that property management brings. Many in real estate think you're crazy for doing it. You think they're crazy for not because you realize that property management is the ultimate high-trust gateway to real estate deals, relationships, and residual income.
At DoorGrow, we are on a mission to transform property management businesses and their owners. We want to transform the industry, eliminate the BS, build awareness, change perception, expand the market, and help the best property management entrepreneurs win.
I'm your host, property management growth expert, Jason Hul