We got another experiment here at the lab for y’all. Andrew Street is both an entrepreneur and a short term rental host. His company, BnB monthly provides a new model for short-term rentals. His brand’s vision is to innovate midterm rentals: a 30-day plus stay. It's an elevated way of investing through a flexible leasing strategy. Plus, another factor is that it's an automated business, a marriage of technology, innovation and in the case of Andrew, dedication.
You’ve heard of short term rentals, now hear MIDTERM rentals, tune in to learn what a game changer it could be.
In this episode, he'll share his insights about the goal of his company, hosting hacks, the Four Pillars and a whole lot more. Opportunities are rapidly popping up everywhere, and its our goal here in the lab to find them and share it to aspiring superhosts. Never has the real estate industry been this ripe for innovation, especially in the rentals space. All it takes is for the right timing, the right ideas, and the right team to come together, and just like it was for Andrew, innovation is just one experiment away.
HIGHLIGHTS OF THE EPISODE:
22:02 Hosting hack
31:01 BnB Monthly goals
42:01 Four Pillars
KEEPING IT REAL:
0:34 Introduction
1:00 Bigger Pockets
4:59 About Andrew
9:16 Remote management company
11:31 Andrew's call to action
12:52 Turnover BnB
14:04 Hospitable app
17:31 Hostfully app
26:30 Amazon hack
29:39 Customer service is key
33:56 Midterm rentals
36:43 Structuring a 30 day minimum stay
40:05 www.BNBmonthly.com
42:45 Technology insight
43:47 Furniture insight
45:08 Analysis insight
47:38 Management insight
NOTABLE QUOTES (KEY LESSONS):
“Having that ability to just be responsive is gonna change the world for your guest” - Andrew Street
CONNECTING WITH THE GUEST
Website: https://bnbmonthly.com/
Facebook: https://www.facebook.com/realandrewstreet
Email: realandrewwild@gmail.com
Get coached on how you can repurpose your existing home or investment property into an Airbnb with me:
https://experimentrealestate.com/hospitable-hosts
Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment
Hospitable Hosts book: https://amzn.to/3e4LEhE
Instagram: https://www.instagram.com/therealestateexperiment/?hl=en
Apply for an American Express Card with this link: http://refer.amex.us/RUBENKr8et?xl=cp01&mpt=v0
#airbnb #shorttermrental #bnbmonthly
