Have you ever considered creating themes for your short-term rentals? Unique stays are definitely eye-catching but what does this entail and how do we ensure that we achieve high ROI?
In this episode, Bryndee Barton dives further into the details of making a successful experience for your short-term rental guests which includes working with designers, applying for insurance, dealing with damages, and calculating risk to ensure that the revenue pays off.
Bryndee Barton started her first real estate company in 2013 along with her husband, Kyle. What started as a side gig of duplexes turned into a full-time business flipping houses, creating vacation rentals, and developing larger multifamily deals. Her specialty is managing large re-construction projects remotely, as she has successfully managed and completed projects across 7 different states. Bryndee now focuses on Loma Homes vacation rental development.
Listen in to understand how the idea of creative stays works and employ helpful tips to make these accommodations profitable!
Quotes
• “You got to really get specific on your market, do your research on what are the best-performing Airbnb is, talk to tourists and guests about what they're wanting, and build what people want to create the experience they want on that specific trip.” (12:44 - 12:58)
• “You have to look at your market and before you even get to the renovation budget. Look at what your revenue is going to be.” (19:07 - 19:13)
• “The number one rule is to make sure the returns are there before you go and design anything.” (19:24 - 19:29)
• “As you get to a higher price point, you usually get a better quality of guests.” (21:37 - 21:42)
• “You don't always have to reinvent the wheel. Find what other people are doing and do it better.” (25:50 - 25:55)
• “If you're going into a newer vacation rental market, you need to have that backup plan because your risk is higher.” (29:27 - 29:33)
Connect with Bryndee:
Website: www.loma-homes.com
IG: @lomahomes
FB: https://www.facebook.com/lomavacationrentals
LN: https://www.linkedin.com/in/bryndee-barton-65653334/
Resources mentioned:
The ONE Thing by Gary Keller and Jay Papasan
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