Stop trying to do everything yourself. Learn how to hire a team so you can fire yourself–and build your cashflow at the same time.

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The short term rental industry continues to grow, especially after the recent pandemic drove people away from hotels to something that felt a bit safer. And if your STR is in the right place or serves the right people, there are a lot of opportunities for profit.But any STR business can be successful, if you […]

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You started a short term rental business because you wanted to help people. You want to provide short term housing to members of the military, families, traveling nurses, business travelers, first responders…whoever your audience happens to be.But one of the big mistakes that so many new STR operators make is taking on too much in […]

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“Whether you think you can or you can’t, you’re right.” – Henry FordI’m a big believer in positive thinking. When you think positively, good things happen. Unfortunately, so many of us grow up hearing “you can’t do that,” or “we can’t afford that” and we start to believe it.In fact, it’s become ingrained in our […]

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Where were you in April 2020? If you were like most people in the world, you were probably not traveling, that’s for sure. While the entertainment and food industries suffered from tremendous losses in revenue, the hospitality industry was not far behind. While the housing market continued to skyrocket, what did this mean for short-term […]

The post The Future of Short Term Rentals appeared first on Cashflow Diary.

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If you look back ten years, who would have thought short term rentals would gain so much popularity? Yes, it was common to find these options in popular touristic areas, beachside, or sold as a time-share through an agency. But now, literally anyone can be a host and any residence can be turned into an […]

The post Guest Management 101: When Guests Go Wrong appeared first on Cashflow Diary.

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 How many times do you look at customer reviews before buying a product or visiting a place for the first time? The answer is probably, “often,” and you’re not alone. According to a survey from BrightLocal, more than 90% of consumers age 18 to 34 seek out online reviews–and trust them when making purchasing decisions, […]

The post 3 Tips to Increase STR Customer Satisfaction appeared first on Cashflow Diary.

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Getting a five-star review on your STR units means giving your customer an experience that is comfortable, relaxing, and emotionally satisfying.You want them to feel like you care about them, even if you never meet them face to face.You can accomplish this through a strategic combination of providing basic essentials, fun extras, and a personal […]

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The beautiful thing about a short term rental business is that you can automate yourself out of it so that it runs entirely without you. That’s when the passive income starts flooding in. That’s what cash flow is all about.This is why so many people are jumping on the STR train and having so much […]

The post How to Create SOPs for Your Short Term Rental Business appeared first on Cashflow Diary.

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There’s no wrong time to start an STR business. I honestly and truly believe that. I don’t care whether we’re in the middle of a global pandemic and the economy has tanked or we’re in the middle of a boom and the economy is thriving.The time to buy your first STR is Now O’clock.(And if […]

The post Where to Find Your First (Or Next) STR Unit appeared first on Cashflow Diary.

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