Short spoken advice (by Mark Simpson) on scaling a vacation rental business: build backend systems that exceed near-term needs (e.g., design infrastructure for 15–20 homes even if you have 5 now), invest in scalable tools (PMS, pricing software), and avoid skimping on quality—author cites Beyond Pricing as their preferred pricing tool.
If you're wanting to have five homes, create your back end that would have 15 or 20 homes. Don't build your business for the amount of homes that you're going to have in the next six months or you're going to redo everything. So like, think about where you might be in a couple of years and build for that. So like have the right PMS that will be able to hold those homes. Have the right pricing software. I didn't even mention this earlier. We use beyond pricing and I'm unbelievable fan and so take the time, spend the money to build and they will come. Don't try to cheapscape.
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