189. Your Property Scorecard: How to Measure and Improve Your Property Performance

These days there are so many resources and experts for every industry. They seem to come from all directions. Some even seem to become experts overnight (be careful). It's no different in the short-term rental world. We've talked about some of those experts in the past, we've had some of them on the show, and we're always discovering new ones and people to go-to. But does any of that really matter? It might… If you're using the advice and research wisely then absolutely. We don't want you to get into analysis paralysis but we do want you to get into the short-term rental world. For me, it's been life-changing. I feel very fortunate to be doing what I love (from anywhere in the world). At the end of the day though our success comes down to one thing; property performance. And while expert and guru advice can be a huge help it still doesn't help us figure out how well our properties are actually doing! No, that's something we need to do for ourselves. So how exactly do we do that? Determine if our short-term rental is doing better than our neighbors. If it's doing better than the average. We need a scorecard and this week I'll fill you in on exactly what your property scorecard should have. Stay tuned as we unravel how to grade your properties success: Creating a comp set Comparing apples to apples Removing the "outliers" Insights you will gain You can find all of our links here including our website, recommended resources, upcoming live events, short-term rental playbook, Instagram, and more! Cheers, Your Short-Term Rental Expert Tim Hubbard P.S. Looking for help managing your property? Click here to find out how we can partner up