Episode Details
Back to Episodes
Million Dollar Host Julie George/ Building Systems & SOPs to Scale!
Description
Julie George scaled a short-term rental business from one property to 130 properties generating over $8 million in revenue in just two and a half years - then sold it right before COVID. Her secret was a franchise-style co-host model paying 6% commission from her 25% management fee, plus cleaning fees. One co-host, Glenn, ran 10 properties for six years earning $6,000 a month. Julie shares the exact organizational charts, property owner agreements, onboarding checklists, and host contracts she used to build a saleable business working on it, not in it.
The episode dives deep into systems and SOPs for scaling a short-term rental business. Topics include how to structure co-host agreements, what to include in property owner onboarding documents, identifying entrepreneurial personality types to hire, setting clear KPIs like five-star reviews, and avoiding the trap of doing everything yourself. Julie also discusses her current coaching and mastermind community, the importance of gatekeeping homeowners during inspections, and why 25% management fees are justified when you deliver real value.
Work with us. Interested in professional management or consulting?
Myka — Sharebnb: www.sharebnb.com
Steve — Argest Rentals: www.ArgestRentals.com
Sign up for PadSplit with Steve's link and get a free 1-on-1 PadSplit strategy call with Stevie Stacks: padsplit.com/hosts
Myka's other podcast, Entrepremarriage — building wealth without losing the marriage: youtube.com/@Entrepremarriage
All our links: linktr.ee/liveletthrive
#airbnb #airbnbhost #shorttermrentals #midtermrentals #padsplit #rentbytheroom #coliving #corporatehousing #BRRRR #realestate #realestateinvesting #VRBO #shareeconomy #airbnbsuperhost #airbnbpodcast #sharebnb #liveletthrive #liveletthrivepodcast #biggerpockets #directbookings #bookdirect #dfwrealestate