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2: Airbnb Lessons: Our Mistakes That You Will Learn From

Episode #2

Lessons Learned and Mistakes Made

Welcome back to The Airbnb Roadmap! In this episode, we take a lighthearted look at the missteps my husband, Clay, and I encountered in our journey to short-term rental success. Mistakes can be painful, but they’re also full of lessons (and laughs).

Mentioned in the Episode Episode Summary

From poorly researched markets to unexpected encounters with unwanted roommates, this episode is packed with real stories and practical advice for anyone starting in the short-term rental space. Learn from our experiences so you can avoid making the same mistakes.

Here’s what we covered:

  • Market Research Matters: Why understanding seasonality and local draws is key before buying.
  • The Hardware Store Rule: Always over-buy renovation supplies to save time and headaches.
  • The Lending Debacle: Why choosing the right lender can make or break your deal.
  • The Mice Story: A hilarious (and slightly gross) tale of living with unexpected guests during renovations.
Key Takeaways
  1. Do Your Research: Know the township, seasonality, and major attractions before purchasing.
  2. Be Prepared for Renovations: Overbuy supplies, and know the distance to your nearest hardware store.
  3. Work with Local Lenders: They understand your market better and are less likely to surprise you with last-minute changes.
  4. Expect the Unexpected: Whether it’s mice or mishaps, flexibility and humor go a long way in this business.
  5. Learn and Adapt: Every mistake is a lesson. Use them to refine your process and grow stronger.
Mentioned in the Episode

Have you faced any hilarious or cringe-worthy moments in your STR journey? Share your stories with me! DM me on Instagram, and let’s swap tales of shenanigans.

 

Are you a Real Estate Agent looking to have a niche in Short Term Rentals in your Market? Connect with me on Instagram and lets chat about how we can make that happen! Let's just say not many agent have this niche and you can dominate your market! @theairbnbroadmap

 

Chapters

00:00 Introduction to the Airbnb Journey 01:20 The First Property Purchase Mistake 08:10 Renovation Lessons Learned 10:38 The Lending Experience 14:55 The Mice Incident 24:27 Key Lessons Learned