EPISODE 63: How to Build a Luxury Cohosting Business - Interview with Mercedes @mbxhomes
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Interview with Mercedes from @MBXhomes
How did you get started in making money through strictly co-hosting?
After some experience as a runner and middleman, was it weird to transition to co-hosting?
Where in LA county do you cover?
What kind of properties are you doing in LA?
Are your owners making money? Is there opportunity in LA to make money through co-hosting?
Is the mix of STR and MTR due to regulation in LA?
How is the guest experience co-hosting in LA?
Do you have criteria with properties you host?
What are red flags you see in an owner that makes you want to not work with them?
Do you contact the appliance person directly?
Is there a minimum you want a property to make for you to take on a property?
What’s a high month and a low month? Is there a property you wouldn't be willing to take if you feel like it can only do so much?
How are you processing payments?
Do you have all your owners listed on VRBO, Airbnb, all the OTAs?
Do you get reimbursed for cleanings?
Do you bill your owners to reimburse you for things like toilet paper?
When you re-write your contract, what is your protocol?
If guests complained about the cleaning, how would you go about handling that? Make the cleaner go back for free? Pay the cleaner again?
If you have an appliance fail, do you put that in your contract that it’s on the owners?
How much are you making a month with your 40 properties?
Where is most of your time going right now?
When you publish a listing, how long is it till it gets booked?
What is your average stay?
How much is your MTR making per month?
For your MTR stays, are you restocking?
Is it tough having your one-off properties not in LA?
Any last advice you have?
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Am I the Airbnb-hole?
Reacting to a host that told their guest to put their clothes back on!!
