Is it too much trouble to manage multiple short-term rentals (STRs) in different markets? If you have the opportunity to invest in Airbnb properties, but you know you’d have to run the units remotely, there are tactics and tools you can use to make the job easier.
Karen Chenaille is the real estate investor and vacation rental host behind Star Gazer Stays, a STR business with properties in Vermont, Tennessee, Mississippi and Florida. She is also an active member of our STR Profit Academy and works full-time as a program manager for a Fortune 500 defense contractor.
Today, Karen joins me to explain how she grew her portfolio to 11 properties, discussing what she looks for in a STR market and how she manages those units remotely. She shares her experience as a host through COVID-19 and describes how Profit First helped her build the cash reserves to navigate the crisis. Listen in for Karen’s insight on leveraging a CEO mindset as you expand your STR business and learn what tools you can use to run multiple Airbnbs in different markets!
How Karen grew a portfolio of 11 STR properties
What Karen looks for in a STR market
How Karen finds cleaners + maintenance staff in new markets
The benefits of using Wi-Fi locks for self check-in
Karen’s vision for the future of her STR business
Karen’s experience as a host through COVID-19
What bookings look like for Karen now
How Karen applies the principles of Profit First
How Karen built the cash reserves to survive COVID
How Karen is implementing the CEO mindset
Karen’s advice for STR hosts