The short-term rental (STR) industry is incredibly dynamic and always changing. If you are not constantly adapting as a business owner, you’ll get left behind.
So how can you stay ahead of the game?
Tim Mortimer is the Founder of the Australian-based STR company BNB Made Easy and the booking platform Book Orange. He has experience in the Legends X program and has doubled his number of properties since the beginning of the Covid-19 pandemic.
On this episode of Get Paid for Your Pad, Tim joins me to discuss how he has managed to develop two strong businesses in the STR industry and why he prioritizes enhancing the guest experience outside the walls of each property.
Listen in as Tim shares the importance of working with business coaches, implementing systems to maximize efficiency, and creating a strong company culture.
Tim’s journey going from being a school teacher to owning his own business
How to enhance the guest’s experience outside of the short-term rental property
How Tim was able to double his amount of units during the Covid-19 pandemic
Tim’s advice to STR owners looking to quickly grow their businesses
The importance of a creating and maintaining a strong company culture with core values
The benefits of working with a business coach
Implementing systems into your business to maximize efficiency
The importance of good communication with your guests, staff, and business partners
Tim’s experience in the LegendsX program
The variety of business models in the STR industry and why there is no “best” way to run your business