Mark Simpson discusses his experience scaling an Airbnb portfolio (approaching ~20 properties) and reflects that they likely lost significant money by not having a full vision earlier. He urges listeners to clarify whether Airbnb is a side hustle or a business; if the latter, he recommends prioritizing direct bookings to maximize profit.
I can leave my job that I hate every day and do this, but I never had that full vision. And now that we're, you know, almost 20 properties in, I'm like, oh, shit, we lost probably way more money. Like, what do you really want to do with this Airbnb business that you're looking to start? Is it just a side hustle for you? Then it. Maybe it's not so necessary. But if you really want to make this a business and really make as much money as you possibly can, that is when you need to start thinking about direct booking.
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