From The Four Seasons to Building Her Co-Hosting Business with Mercedes Sanchez - Episode #230

Mercedes Sanchez is a highly successful entrepreneur who founded MBX Homes, a unique STR Co-Hosting / Management Company that provides exceptional vacation rental experiences for clients and guests. With a career that began in the food and beverage department at Four Seasons, she worked her way up the ladder until she was unfortunately let go due to the pandemic. Despite this setback, Mercedes was not deterred. In the same week, she started managing apartment units for her uncle which she converted to Airbnbs. Today she manages 38 properties and leverages her expertise in short-term rentals to innovate and grow her company. Not only does she specialize in Airbnb Rentals, they also promote their homes for productions and film opportunities on billing per hour rate. Drawing from her experience in high-end hospitality at Four Seasons, she sets up effective systems and solves problems in the industry. In our conversation with her, Mercedes shares her insights on the transition from Four Seasons to co-hosting, building partnerships, nurturing relationships, and implementing effective systems to achieve success in the highly competitive vacation rental industry. Don't miss out on our conversation with Mercedes. If you’d like to hear how you can strategically implement true and tested strategies from the highest end operators in the industry and how it can be implemented in your own co-hosting business — Mercedes is more qualified then anyone to share the insights. Tap in! HIGHLIGHTS OF THE EPISODE: 11:36 Mercedes talks about making your brand stand out from the competition 34:22 Mercedes talks about seeking help and partnerships KEEPING IT REAL: 09:05 Insight about hospitality 11:36 What separates the brand from the pack 12:49 Beginnings in food and beverage 16:06 Gaps in the hospitality industry 17:20 Transition from high end hospitality to Airbnb 19:23 MBX homes and what it stands for 23:30 Putting in the work 30:40 The insight that said Airbnb is a good idea 33:09 Taking action and partnerships 36:28 Mercedes' Airbnb model 41:58 Offering different services 45:23 Building relationships 51:32 This MBX Home 'thing' 54:27 Time for building systems 01:03:04 What's next for MBX 01:09:32 Building relationships with production companies 01:11:36 Getting ahold of Mercedes NOTABLE QUOTE (KEY LESSONS): “You have to find partners to better your business and better you. And it could be as simple like hiring, even if you have one or two Airbnbs, a partner could be like a great cleaning crew. It does not have to be like a financial partner. It does not have to be like a company like you.” - Mercedes Sanchez CONNECTING WITH THE GUEST Website: https://mbxhomes.com/ Instagram: https://www.instagram.com/mbxhomes/ Tiktok: https://www.tiktok.com/@mbxhomes Youtube: https://www.youtube.com/channel/UCQOrBWTaLoUH5xeA6EGuAXw Facebook: https://www.facebook.com/MBXHOMES Linkedin: https://www.linkedin.com/in/mercedes-sanchez-3b8a2464 Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprint Get coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment Hospitable Hosts book: https://amzn.to/3e4LEhE Apply for an American Express Card with this link: http://refer.amex.us/RUBENKr8et?xl=cp01&mpt=v0 #shortermrentals #partnerships #Airbnb #hospitality #cohosting