In this solo episode of the Vacation Rental Success Podcast, Heather delves into the foundations of a strong property management business. Drawing on her 20 years of experience as a property manager, where she made a lot of mistakes and missteps, she shares valuable insights and lessons learned to help listeners navigate the ever-changing landscape of the short-term rental business.‍ You’ll discover the importance of: · Learning the Industry's History: Spoiler alert! This business didn’t start with Airbnb. · Being Intentional with Your Niche. · Creating a Business Plan. · Building Key Community Relationships. · Finding a Mentor or Consultant. · Knowing Your Location. · Understanding Regulations and Restrictions. · Conducting a SWOT Analysis. · Tracking Metrics and KPIs. · Familiarizing Yourself with Industry Jargon. ________________________________________________________________________________________________________ Discover the THRIVE Training System and attend an information session to get your questions answered about our foundational team training: https://vacationrentalformula.com/thrive-live-webinar. Are you listening to this podcast on the move? Get to the show notes here: https://www.vacationrentalformula.com/VRS566

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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