4 general phases of an AirBnb Biz
4 general phases of an AIRBNB business: 1. Funding β you canβt do this business with $0.. but best part is you can get 0% Biz credit cards that you can leverage. 2. Researching and analyzing deals β this is one of the most important aspects, you need to research and find units where the deal can make sense (aim for 2x rent) and also getting approvals from landlords/property owners to operate as a STR unit. 3. Launching your property β furnishing/staging, photos, hiring a good cleaner, marketing your listing correctly with title, description, etc. pricing your unit properly. Constantly optimizing your unit to its best ability to perform great. 4. Scaling/Growing portfolio β 1 unit might not change much for you, but Learning how to get your first unit and rinsing and repeating that process to scale to 5-10+ units can change A lot πΈ Itβs pretty much a duplication process overall.