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Today I had the pleasure of speaking with Kent Ammons. Kent is a firefighter serving in Jacksonville Beach Florida and recently finished renovations on a duplex he purchased with the intent to short term rent. Kent’s duplex has only been active for 2 months but he has already grossed 60k. Kent took the leap to scale his business after having success renting one of his rooms in his current house for the past 4 years.
This is a great episode showing you the process of taking the leap into scaling your STR business starting from simply renting a single room. Kent shares a lot of great tips on the challenges and fears of renovating a duplex, renting out a single room, dealing with partners, and how to transition from smaller scale operations to a larger scale.
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Episode #07 Success Secrets
1. Lots of people just want a clean, comfortable place and would rather not pay double to be in a hotel.
2. Take opportunities as they arise and don’t wait for someone else to take it from you.
3. Be wary of who you decide to partner with. Just because someone likes the idea doesn’t always mean that you will be evenly yoked.
4. Not every incident has to be a big deal, talk to your guests and see how they’d like to resolve.
5. Explain everything upfront, even if it’s not what they want to hear so that way they can’t come back and complain.
6. Be as strict or carefree as you want, this is your business and can be catered to meet your comfortability level.
7. Golden rule: “Keep all correspondence through Airbnb.”
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