The Importance of Community (Ep. 344)

The Importance of Community (Ep. 344)

The importance of community airbnb hosts


When you have a question about your short-term rental (STR) business, where do you go? Do you run a Google search and then spend several hours sifting through the information? What if you had a community of experienced Airbnb hosts you could go to for knowledge, inspiration and support?

Phillipe Thibodeau is the real estate developer and STR host behind Strawberry Stays, a vacation rental and property management company out of Montreal, Canada. His experience as a host began with a single unit in May of 2017, and now he and his business partner are growing their portfolio quickly—with plans to secure a total of 80 listings in the next 12 months!

On this episode of Get Paid for Your Pad, Phillipe joins me to discuss the pros and cons of self-learning versus being part of a community. He explains how COVID-19 gave him the opportunity to work ON his business and what you can do to develop a playbook for your own Airbnb. Listen in for Phillipe’s insight on the three things you need to know before you start a STR business and learn how YOU can get inspired by an engaged community of Airbnb hosts!

Topics Covered

How Phillipe got into hosting on Airbnb

  • Struggling to rent unit of building owned w/ best friend
  • Decided to try STR, earned double normal income on unit
  • Opened eyes to new market in real estate business

How Phillipe was affected by COVID-19

  • One guest for 30 days vs. 30 guests per month
  • Opportunity to work ON business (build systems)

How to develop a playbook for your STR business

  • Wear ALL hats early on (e.g.: cleaning, maintenance)
  • Optimize and document processes for every role

The three things you need to know before you start hosting

  1. Look for community to learn from
  2. Business doesn’t run itself (work ON AND IN to start)
  3. Only move forward if you’re passionate about STR

The benefits of being part of a community of hosts

  • Knowledge and information
  • Inspiration
  • Accountability
  • Motivation in moments of doubt
  • Accelerate growth

Phillipe’s goals for the next 12 to 24 months

  • Grow business to qualify for STR Legends
  • Build boutique hotel on land purchased

Connect with Phillipe

Strawberry Stays

Phillipe on LinkedIn

Phillipe on Airbnb

Resources

Zapier

Chip Conley

Maslow’s Hierarchy of Needs

STR Legends

STR Profit Academy

Get Paid for Your Pad on Facebook

Email jasper@getpaidforyourpad.com

Sponsor

Hostfully

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