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In this episode of Vacation Rental Machine, Jon Bell and Julian Sage talk about the best places to invest in for your Airbnb business. Jon breaks down the different categories of what a traveler fit into such as business, adventure, and family, and discuss how you can tell if your property will be well suited for the area.
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Ep #06 Key Takeaways
1. Invest in your back yard if possible
2. Investing in your back yard allows you to be more in tune with what
3. With each different market you are catering towards you will need to have answers and systems that can cater to that specific guest.
4. Learn hospitality by first investing in your back yard then take that system and apply it in any market.
5. Identify what your draw is locally for your customers
6. Most people can fall into 3 categories: Business, Adventure, Family
7. Recognize that certain categories of customers may require more initial capital such as a unit that accommodates families and children.