In this episode, I had the special honor of speaking with Anthony Keen who is based in Western Cape South Africa. Anthony started his own short term rental property management business 7 months ago and has scaled up to 21 cohost properties.
Anthony has been doing volunteer work full-time for 10 years. He managed his parents’ apartment for about 4 years from a distance to help them with their income. He learned the ropes on that one listing and he maintained a Superhost status for 3 years. Anthony thought that since it worked pretty well, maybe he can manage other owners’ properties too and that is when he and his wife started looking for owners.
In this episode, Anthony talks about how important it is to take time and be thorough during the listing stage so that you don’t work hard and have hassles at the reservation stage.
Listen to the episode on Apple Podcasts, Spotify, Overcast, Stitcher, Castbox, or on your favorite podcast platform.
Anthony Keen’s direct booking website
https://managemyhome.co.za
Ready to become a host?
https://ShortTermSage.com/airbnb
1. Try to run your properties like a machine and as if you aren’t there.
2. Owners have no risk with cohosting. If they don’t get bookings, it doesn’t cost them anything.
3. When you get good owners that like working with you, they will find additional properties for you.
4. Invest time and effort in the property with the owner.
5. Make sure you don’t over promise and under deliver.
6. Be very honest and open. Say to them the things you have to get right.
7. View each owner and property as a unique project.
8. If you don’t have a system, you’re not going to be ready when you start scaling.
9. Stay on top of the business and not get stuck into the business.
10. As you scale up, identify the work that you can pass on to others.
11. Developing good relationships with your staff is key because they go to the property more often than you.
12. Put your energy into the properties that you feel is right.
13. Managing the pricing is one of the keys to getting good revenue.
14. Write clear and short description for your listings that will make people book your property after reading the first 4 lines.
15. If you don’t make a change to your system as you scale up, you’re going to burn out.
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