Jo has been in the short-term rental space for 8 years. He’s done both arbitrage (renting a unit from a landlord on a long-term basis and listing the unit as a short-term rental) and property management. Get this – Jo charges 20% of the NET INCOME for his PM services. The meat and potatoes of the conversation shifts to the “Airbnbust.” Jo goes into detail about his entrepreneurial ventures, including a dog resort, to guess what the future holds for the short-term rental space. He thinks it’s a bit of a trend that is slowing down, soon to plateau. But there are things hosts can do to prepare for this. Then, Lauren had to know more about the dog resort. Going through the hurdles associated with entrepreneurship will make you very resilient, and you’ll walk away from this conversation motivated to start if you haven’t already. And of course, short-term rental ownership means having properties you’re proud of and you can enjoy.
If you liked this episode, you will also like episode 128 about managing STRs from abroad and episode 141 about STR cleaners.
Sponsored by: https://touchstay.com/
About Jo:
Jo Chan and his team are property managers for short term rental at a handful condo hotels in Miami. They also clean/turnover properties for other hosts. As a licensed realtor, Jo also helps owners acquire and manage their dream vacation homes and when it’s time to move on he helps them sell to the next owner.
Connect with Lauren:
https://twitter.com/AdultingIsEasy
https://www.realadultingiseasy.com/
https://www.instagram.com/adultingiseasyreal/
Connect with Jo:
