In this episode, we talk about the myths around buying a business and arm you with the insights, strategies, and inspiration to take the leap; regardless of your starting point.

While acquiring a short-term rental business is no small task, it's a strategic choice that can dramatically accelerate your business growth. Organic expansion often requires significant time and effort to build properties, clientele, and market presence. In contrast, the acquisition provides immediate scale, adding established properties and revenue to your portfolio overnight.

But can anyone do it?

SHOW LINKS:

The Cohost company: https://www.thecohostcompany.com/

#STRBusiness #VacationRentals #PropertyManagement

📋 In this episode, we discuss:

00:00 - Introduction

02:46 - VRMA Conference Insights

05:05 - Starting the Acquisition Journey

11:02 - Business Acquisitions Basics

24:32 - The Acquisition Process

32:44 - Finding Opportunities Through Networking

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🥊 Hotel - BNB - STR Owners! 🥊

Need more direct bookings or a brand new website?

The trusted tech partner you can count on. We deliver results.

🥊 https://www.ibooked.online ​​​​​​​​​​​🥊 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬

Don't forget to hit that subscribe button! This also keeps us going and creating more useful content for free!

ACCOMMODATION OWNERS AND MANAGERS FREE RESOURCES!

📧Join the mailing list for freebies and critical industry updates: https://news.theaccommodationshow.com/

🌍The Accommodation Owners and Managers Facebook Group: https://bit.ly/AMoFacebookCommunity

🗨 Connect with Bart Sobies for more industry insight: https://www.ibooked.online/bart/

🎙 Subscribe to the podcast to listen later: https://www.theaccommodationshow.com

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Disclaimer: The content shared on this YouTube channel, Podcast, or associated posts reflects personal opinions and insights. This content is not intended as legal, financial, or investment advice. Always consult with licensed professionals before making decisions. The hosts and guests disclaim liability for any consequences of using this content. Actions taken should be based on your personal due diligence.

Affiliate Disclaimer:

This blog, podcast & youtube channel; will occasionally contain affiliate links, which means I receive a small commission on a purchase without additional cost to you, if you buy something through my links.

This show aims to educate viewers and share everything I know about improving your accommodation, STR and AirBNB business. I believe in the products and services we link to and that you may benefit from them.

If you do purchase through my affiliate links; I want to thank you for your support.

Starting a business is no small feat, and I think there's so much we can learn from those who've walked the path before us. This week's episode is particularly special because it delves into the real-world journey of building a startup, offering lessons that are highly relevant to the accommodation industry. I had an enlightening discussion with Alex Shapiro, the CEO and co-founder of CanMonkey. We talked about the importance of recognising genuine market needs, the value of hands-on experience, and the strategies for scaling a business effectively. I believe these insights are incredibly valuable for anyone looking to enhance their accommodation offerings, whether you're managing a hotel, a bed and breakfast, or short-term rentals. SHOW LINKS CanMonkey: https://www.canmonkey.com/ #Startups #HospitalityInnovation #CanMonkey 📋 In this episode, we discuss: 00:00 - Introduction: Building a Startup with Alex Shapiro of CanMonkey 01:17 - Solving Real Problems: What Is CanMonkey? 03:27 - From Idea to Startup: The Birth of CanMonkey 05:47 - Identifying Market Needs and Finding Product-Market Fit 08:58 - Scaling Operations: Overcoming Startup Challenges 12:12 - The Importance of Hands-On Experience in Entrepreneurship 14:54 - Understanding the Recurring Revenue Business Model 18:03 - Navigating Numbers: Profit Margins and Operational Costs 21:15 - The Evolution of CanMonkey's Business Model 24:34 - The Co-Founder Dynamic: Working Together for Success 27:31 - From Investor to Co-Founder: Alex's Journey 30:45 - Negotiating Roles and Building a Strong Team 33:55 - Top Tips for Aspiring Entrepreneurs 36:40 - Taking Action: The Importance of Starting Small 39:54 - Final Thoughts and Closing Remarks ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 🥊 Hotel - BNB - STR Owners! 🥊 Need more direct bookings or a brand new website? The trusted tech partner you can count on. We deliver results. 🥊 https://www.ibooked.online ​​​​​​​​​​​🥊 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Don't forget to hit that subscribe button! This also keeps us going and creating more useful content for free! ACCOMMODATION OWNERS AND MANAGERS FREE RESOURCES! 📧Join the mailing list for freebies and critical industry updates: https://news.theaccommodationshow.com/ 🌍The Accommodation Owners and Managers Facebook Group: https://bit.ly/AMoFacebookCommunity 🗨 Connect with Bart Sobies for more industry insight: https://www.ibooked.online/bart/ 🎙 Subscribe to the podcast to listen later: https://www.theaccommodationshow.com ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Disclaimer: The content shared on this YouTube channel, Podcast, or associated posts reflects personal opinions and insights. This content is not intended as legal, financial, or investment advice. Always consult with licensed professionals before making decisions. The hosts and guests disclaim liability for any consequences of using this content. Actions taken should be based on your personal due diligence. Affiliate Disclaimer: This blog, podcast & youtube channel; will occasionally contain affiliate links, which means I receive a small commission on a purchase without additional cost to you, if you buy something through my links. This show aims to educate viewers and share everything I know about improving your accommodation, STR and AirBNB business. I believe in the products and services we link to and that you may benefit from them. If you do purchase through my affiliate links; I want to thank you for your support.

🎧 Don't forget to subscribe!

This week we talk about the top property managers and what makes them stand out.

In this episode, we delve into the world of the top property managers. I'm excited to have Brooke Pfautz, an expert in vacation rental growth, join us to discuss Comparent—a platform that's transforming the connection between property managers and homeowners through transparency.

Brooke will share how Comparent's ranking system can help you showcase your expertise, build trust, and attract more homeowners. Learn the strategies that top property managers use to stay ahead in a competitive industry.

In this episode, you'll discover:

🏠 The importance of transparency in ranking at the top

🏆 Ways to elevate your profile to draw in homeowners

🔍 Insights into Comparent's ranking system

📈 How to meet homeowner needs to improve your ranking

💡 Data-driven approaches to outperform the competition

SHOW LINKS:

Comparent: https://comparent.com/

Vintory: https://www.vintory.com/

#TransparencyInRentals #AccommodationGrowth #ShortTermSuccess

📋 In this episode, we discuss:

00:00 - Introduction

02:23 - Vacation Rental Market Overview

06:27 - What is Comparent and Its Purpose

09:24 - Comparent Benefits for Property Managers

11:37 - Lessons from Top Companies

14:48 - Monetization & Future Plans

19:09 - Market Leader Insights

21:03 - Awards & Global Expansion

23:43 - Growth & Return on Investment for Managers

26:38 - Final Tips for Property Managers

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬

🥊 Hotel - BNB - STR Owners! 🥊

Need more direct bookings or a brand new website?

The trusted tech partner you can count on. We deliver results.

🥊 https://www.ibooked.online ​​​​​​​​​​​🥊

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬

Don't forget to hit that subscribe button! This also keeps us going and creating more useful content for free!

ACCOMMODATION OWNERS AND MANAGERS FREE RESOURCES!

📧Join the mailing list for freebies and critical industry updates: https://news.theaccommodationshow.com/

🌍The Accommodation Owners and Managers Facebook Group: https://bit.ly/AMoFacebookCommunity

🗨 Connect with Bart Sobies for more industry insight: https://www.ibooked.online/bart/

🎙 Subscribe to the podcast to listen later: https://www.theaccommodationshow.com

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬

Disclaimer: The content shared on this YouTube channel, Podcast, or associated posts reflects personal opinions and insights. This content is not intended as legal, financial, or investment advice. Always consult with licensed professionals before making decisions. The hosts and guests disclaim liability for any consequences of using this content. Actions taken should be based on your personal due diligence.

Affiliate Disclaimer:

This blog, podcast & youtube channel; will occasionally contain affiliate links, which means I receive a small commission on a purchase without additional cost to you, if you buy something through my links.

This show aims to educate viewers and share everything I know about improving your accommodation, STR and AirBNB business. I believe in the products and services we link to and that you may benefit from them.

If you do purchase through my affiliate links; I want to thank you for your support.