Last week, we took a closer look at the ownership model for a short-term rental business. But what if you’re not interested in buying real estate and would rather partner with people who already own it? If so, the STR management model is the best fit for you.
Logan Humphrey is the Founder and CEO of Cohobnb Properties, a full-service vacation rental property management company in Northwest, Arkansas. Logan also serves as President of The Arkansas Short Term Rental Alliance, an organization advocating for fair short-term rental regulations in Arkansas, and he is an active member of our elite STR Legends Mastermind Community.
On this episode of Get Paid for Your Pad, Logan joins me to discuss the management model he chose for his STR business, explaining why it’s important to build systems, set clear policy and focus on income-producing properties. He shares the obstacle he faced in complying with state law and offers advice on determining which owners you want to work with. Listen in for Logan’s insight on learning from people who know more than you and learn how his degree in philosophy is helping him grow a successful STR management company!
The three basic short-term rental business models
How Logan built his property management business
What Logan wishes he had done from the start
The obstacle Logan faced in complying with state law
How Logan identified his brand and who he wants to serve
The driving factors behind Tim’s success
The Arkansas Short Term Rental Alliance
Tribe of Mentors: Short Life Advice from the Best in the World by Timothy Ferriss
Email jasper@getpaidforyourpad.com
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