Discover how to build a profitable short-term rental portfolio by focusing on quality over quantity! In this episode, we chat with Andrew about his journey from managing 2 properties to earning $21K/month with just 6 high-performing homes. Learn how to set and maintain strict standards, choose the right owners, and create long-term success in the STR market.

01:22 - Guest Introduction

02:44 - Starting with Just Two Properties

03:18 - Quality Over Quantity Strategy

04:30 - Mastering Tough Client Conversations

05:03 - The Power of Setting Expectations Early

06:15 - Turning Down Non-Ideal Properties

07:50 - Defining Tangible Standards for Success

08:58 - Effective Direct Booking Marketing

10:30 - Expanding Into New Markets Strategically

11:12 - Managing Unique Historical Properties

12:48 - Weighing Future Opportunities vs. Standards

14:15 - Launching and Growing a Meet-Up Group

15:05 - Networking in a Regulation-Intensive Market

15:32 - The Importance of Leveraging Partnerships

16:20 - Focusing on High-Margin Operations

17:15 - Long-Term Vision: Quality and Sustainability

18:25 - Learning from Challenges and Successes

19:40 - Key Advice for Aspiring Hosts and Managers

Guest Bio

Andrew Rodriguez is the President and Co-Founder of Stay Booked, a full-service short-term rental management business that specializes in maximizing the revenue of large and unique vacation homes. In this role, he oversees all aspects of operations and guest and owner services. Outside of Stay Booked, he is the co-founder of Brews & Deals NYC, one of the largest short-term rental networking events in the country, as well as an active investor in short-term and long-term rentals across the Northeast.

Outside of real estate, Andrew spends as much time as possible in the mountains with his wife and business partner, Lindsey, and their 2-year-old son Riley. Andrew is passionate about skiing, ultrarunning, and helping others change their lives with real estate.

Connect with Guest:

www.instagram.com/andrew.j.rod

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Ep 217 - The Power of Quality and Standards with Andrew Rodriguez

Short Term Rental Secrets Podcast