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Episode 55: Rachel Prince's Top 5 Tips to Scale your Airbnb biz in 6 Months!
Description
Steve hosts Rachel Prince, an Indianapolis real estate agent and Airbnb coach, who shares her five-step framework for scaling a short-term rental business in under six months. Rachel manages twelve properties across Indianapolis after relocating from Denver, where strict primary-residence legislation and a tapped-out market made Airbnb investing difficult. She found Indy through a Fortune Builders workshop that advertised $80,000 houses - a fraction of Denver's $560,000 median - and now works with out-of-state investors while building an ADU behind her own 1,500-square-foot home.
The five tips: (1) define a clear strategy and niche before you start, (2) maintain a positive mindset through meetups and mentorship, (3) build a funnel - real estate deals, the Airbnb app, or a blog that brings clients to you, (4) automate with tools like Smart BnB for messaging and TurnoverBnB for cleaner dispatch, and hire a team even if you pay them in training at first, and (5) persist through the naysayers. Steve shares his own three-year countdown to lock in lifetime airline flight benefits before going full-time, and Rachel explains why she pivoted from property management alone to an investor-acquisition model that pairs coaching with deal flow.
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
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