KarWell Chronicles
The KarWells are Short Term Rental investors, hosts, & designers who started expanding their Airbnb portfolio in early 2020! Throughout this journey they have learned many lessons, good and bad, and want to share that experience. Come along as they dive into all things Airbnb, passive income, investing, and being in business with your best friend!
KarWell Chronicles
The Process For Building a Luxury Cohosting Business with Austin Palacios
Have feedback or a topic you want to hear about, let us know by sending us a direct message!
🎙️ Welcome to another insightful episode with the Karwells! Today, we have Austin Palacios, a seasoned real estate investor who kicked off his journey at 24, now owning properties in over 5 cities. Austin shifted gears to focus on Co-Hosting (Airbnb Management), hitting multiple 6-figures through creative client acquisition.
In this episode, Austin spills the beans on his own Airbnb horror story, detailing the impact of Airbnb's algorithm and strict policies on hosts. Get down to brass tacks as we explore the short-term rental business versus hotels.
Austin breaks down practical strategies for attracting high net worth clients in the vacation rental industry and outlines the nitty-gritty of property management companies. From the importance of service in hospitality to the effect of interest rates on investing and co-hosting, Austin shares the real deal.
Whether you're eyeing success in co-hosting on Airbnb, navigating Florida's real estate market, or searching for property management tips, Austin's got you covered. Tune in now for valuable insights from Austin Palacios! 🎧🌐
TIMESTAMPS:
00:19 - Guest Intro: Austin Palacios
01:32 - Airbnb horror story
05:00 - The impact of Airbnb's algorithm and strict policies on hosts
10:01 - Exploring the short-term rental business and its comparison to hotels
15:00 - Creative strategies for attracting high net worth clients in the vacation rental industry
20:01 - The role and responsibilities of a property management company
25:01 - The importance of service in hospitality and the impact of interest rates on investing and co-hosting
30:00 - Tips for success in co-hosting on Airbnb
35:00 - Finding success in Florida's real estate market
40:01 - Strategies for property management company
45:01 - Identifying a good property manager: tips and tricks
Quotes:
21:55
“The one thing I always say is your cleaner is your best friend.”
33:24
"Plan on what you're trying to target in the very beginning. That's all you should be going after and your revenue's going to increase."
Connect with the KarWells
Website: https://thekarwells.space/stay-with-us-2
YouTube: https://www.youtube.com/@thekarwells/about
Instagram: https://www.instagram.com/thekarwells/
TikTok: https://www.tiktok.com/@thekarwells
Connect with the Guest
Instagram: https://www.instagram.com/austin__palacios/
Youtube: https://www.youtube.com/channel/UCVtaYS1ht231kcW1MSsxYOg
Linktree: https://linktr.ee/austinpalacios?lt_utm_source=lt_admin_share_link%23343507125
Hosted by Emily Karnaz & Sarah Glidewell // The KarWells
You can view the video & audio version on our Youtube Channel
Thanks for listening!