How to exit from an Accommodation or Short Term Rental business

Don't forget to subscribe! Let's face the truth - everyone exits at some point. Those that plan for it, do much better. Your business should always be "For Sale" or ready for an exit. Not necessarily because you actually want to sell, but because when you treat your business as if it were "For Sale" you have the incentive and focus to make sure it's running efficiently and profitably. But more than that, a well-designed exit strategy is just good business strategy as it is a guidepost for effective decision-making in your business. Making sure your business practices are in place, your operations are as efficient as possible, and that you have a written roadmap for success, including your exit strategy, is how you strengthen your business, TODAY.  Our expert guest today, Simon Lehmann specializes in structuring and restructuring businesses and helping entrepreneurs plan for the future. Simon and I get into a wide-ranging conversation on how to build an exit strategy that you’ll be ready for well in advance. Simon also gives practical advice on what it takes to build a solid STR business and the impact of technology automation. Chapters 00:00 How to exit from an accommodation or short term rental business in 2022 01:24 Intro and background to Simon and his business. 03:58 How to build a short-term rental business, for it to be viable and profitable. 05:47 What are the cost drivers of your business? 08:37 How to measure the profitability of your investments. 09:47 Why we shouldn't adopt revenue management practices from airlines. 17:58 Building a strong risk profile for the arbitrage model. 18:35 How the war in Ukraine will affect our market. 22:34 Factors to consider when choosing your tech stack. 26:04 Understanding who you serve and why you serve them. 31:45 How to grow into several markets at the same time. 33:24 Factors to consider when expanding into multiple locations 33:33 Why expansion is not always a good thing. 36:00 How to build an exit strategy. 39:48 What are the value drivers for a future buyer? 42:19 Is there value to an investor when using OTAs? 44:15 The best exit strategy is a solidly built company. Contact Info LinkedIn: https://www.linkedin.com/in/simon-lehmann-8375753b/ Website: https://ajlatelier.com/ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Want to get the best accommodation marketing tips before everyone else? Hit that subscribe button!    This also keeps us going and creating more useful content for free! ACCOMMODATION OWNERS AND MANAGER FREE RESOURCES! Connect with Bart Sobies: https://www.ibooked.online/bart/ The Accommodation Show:  https://www.theaccommodationshow.com The Accommodation Owners and Managers Facebook Group: https://bit.ly/2NM3dTl​​​​​​​​​​​​​​​ Join the mailing list with all the accommodation secrets: https://bit.ly/3aKBf3X​​​​​​​​​​​​​​​ Need more direct bookings? We get results! https://www.ibooked.online​​​​​​​​​​​ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Disclaimer: *All content on this YouTube channel, Podcast or post reflects my own opinions and should NOT be taken as legal advice, financial advice or investment advice. Please seek out guidance of professionally trained and licensed individuals before making any decisions. Some links in the description may be affiliate links. #ibookedonline​​​​​ #bookdirect​​​​​ #airbnb​​