347. How to Optimize Your Supply Inventory as an Airbnb Co-Host in 2024

Today’s expert guest is Wendy Doris. Experienced house flipper, host, co-host, and Hosting Business Mastery Method (HBMM) coach, Wendy loves the details, especially when it comes to the operations of her business. We lean into that expertise in this episode, jumping into the deep end on supplies as they relate to short-term rental listings.Managing more than a dozen properties in the Phoenix area, Wendy set out to reimagine her supply chain operations – where, who, why, when, and how. We won’t spoil her story, but to let you know that she gets very detailed with the specific calculations she ran, hiccups and highlights, and of course, the bottom line financial results of what she’s implemented.Her approach is a great example of why we run numbers in our industry – and how to avoid being paralyzed by them. The funny thing about the work it takes to set up efficient systems is that, if done effectively – they disappear from your to-do list! Wendy explains that she ideated on the program for six months before taking the leap and putting it into action. The results, as they say, speak for themselves. Big thanks to Wendy for taking the time to share this super niche but super valuable insight with the community today. We hope inspires you to take a closer look at some of the more mundane, ongoing costs in your business to see if a creative solution like Wendy’s might apply.(00:01:24) #STRShareSunday: @CandyCabinsofBrokenBow(00:02:51) (Re)Introducing STR Co-Hosting Expert Wendy Doris(00:08:05) Managing Stock of Supplies for an STR Business (00:17:41) Supply Program Results & Reactions: One Year Later (00:38:13) Other Tips & Tools for Your STR Supply InventoryResources:• Visit thanksforvisiting.com/workshop to watch our Hosting Business Mastery Method workshop!• Co-hosting website: mostess.host• Video: Airbnb Hosts: A Simple Supply System• Airbnb Essentials Checklist: hostchecklist.com• #STRShareSunday: @CandyCabinsofBrokenBowThanks for Visiting is produced by Crate Media.Mentioned in this episode:Hostfully | Go to https://www.hostfully.com/tfv and use TFV100 to get $500 off your subscription.Host Checklist | Grab our Airbnb Essentials Checklist and make stocking your Airbnb a breeze – we've got all your hosting needs covered!Hosting Business Mastery Method | Join us for our live, free, host masterclass and learn how to OWN your digital real estate!HBMM | Sign up today at hostmasterclass.com.Minoan | Visit MinoanExperience.com and tell them TFV sent you!