Today I had the honor of speaking with Toby Doré. Toby manages over 33 listings ranging from rental arbitrage, owning, and co-hosting. Toby is quite possibly the coolest university professor as he is a world traveling nomadic backpacker who also runs a hostel which he lists on Airbnb.
Toby having started in 2011 after reading “The Joy of Less” decided to take a minimalistic approach to his units and allow likeminded travelers on a budget stay. After traveling and experiencing life at hostels, he took his newfound experiences to create his very own Cajun Hostel, located 2.5 hours outside of New Orleans.
Toby shares a lot of useful information about running a budget-friendly property, how to manage people’s expectations with shared sleeping spaces, and how to structure your team so you don’t have to manage everything yourself.
If you haven’t already done so, go on over to our Facebook group Short Term Rental Success Secrets to talk with Toby and other successful hosts.
Check out Toby’s listings!
www.cajunhostel.com
Connect with Toby:
www.cajuntraveler.net
Toby@Cajuntraveler.net
1. Booking to locals can often time cause the biggest headaches
2. Use Whatsapp to communicate with members of your team
3. Be careful with rental arbitrage, understanding that there are low seasons/high seasons.
4. Know your location and what it has to offer.
5. Become a reason people want to stay in your city.
6. People love chocolates and wine and are more likely to leave a positive review.
7. Start implementing good booking practices right off the bat to prevent headaches with taxes.
8. Work with your local tourism office and allow them to help promote your business.
9. Work with local businesses to cross-promote such as branded coffee in exchange for business referrals.
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