Ep 217 - The Power of Quality and Standards with Andrew Rodriguez

Discover how to build a profitable short-term rental portfolio by focusing on quality over quantity! In this episode, we chat with Andrew about his journey from managing 2 properties to earning $21K/month with just 6 high-performing homes. Learn how to set and maintain strict standards, choose the right owners, and create long-term success in the STR market. 01:22 - Guest Introduction 02:44 - Starting with Just Two Properties 03:18 - Quality Over Quantity Strategy 04:30 - Mastering Tough Client Conversations 05:03 - The Power of Setting Expectations Early 06:15 - Turning Down Non-Ideal Properties 07:50 - Defining Tangible Standards for Success 08:58 - Effective Direct Booking Marketing 10:30 - Expanding Into New Markets Strategically 11:12 - Managing Unique Historical Properties 12:48 - Weighing Future Opportunities vs. Standards 14:15 - Launching and Growing a Meet-Up Group 15:05 - Networking in a Regulation-Intensive Market 15:32 - The Importance of Leveraging Partnerships 16:20 - Focusing on High-Margin Operations 17:15 - Long-Term Vision: Quality and Sustainability 18:25 - Learning from Challenges and Successes 19:40 - Key Advice for Aspiring Hosts and Managers Guest Bio Andrew Rodriguez is the President and Co-Founder of Stay Booked, a full-service short-term rental management business that specializes in maximizing the revenue of large and unique vacation homes. In this role, he oversees all aspects of operations and guest and owner services. Outside of Stay Booked, he is the co-founder of Brews & Deals NYC, one of the largest short-term rental networking events in the country, as well as an active investor in short-term and long-term rentals across the Northeast. Outside of real estate, Andrew spends as much time as possible in the mountains with his wife and business partner, Lindsey, and their 2-year-old son Riley. Andrew is passionate about skiing, ultrarunning, and helping others change their lives with real estate. Connect with Guest: www.instagram.com/andrew.j.rod Get FREE Access to our Community and Weekly Trainings group.strsecrets.com