Short Term Rental Secrets Podcast
Short Term Rental Secrets Podcast
MICHAEL SJOGREN
Ep 81 - What It Really Takes to Build And Scale A Business with Hostaway's Marcus Rader
50 minutes Posted Dec 20, 2021 at 4:00 pm.
Marcus Rader's introduction and background
What made Marcus co-founded Hostaway
Global megatrends
Marcus talks about putting himself in the shoes of Airbnb hosts to experience property management
What sets Hostaway apart from other PMS
Why your PMS support is important
E shares his experience with his previous PMS that made his listings went down
Key things that Hostaway focused on their system
Hostaway's focus area for 2022
What Marcus and his customer success team did with their customers when the pandemic first hit
How the STR industry in the US recovered from the pandemic
Marcus talks about where the STR industry is going
Multiples in property management companies
Reasons why people would not invest in companies
Why growth matters to SaaS
AirDNA's US forecast for 2022
Acknowledgments to Marcus
Where can people connect with Marcus and find out more about Hostaway
What is Marcus's #1 secret to success with STR
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50:53
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Show notes
GUEST'S BIO
Marcus Rader has been in tech startups since 2006. Six years ago, he saw an opportunity to get involved in an industry he is passionate about - vacation rentals. Existing solutions in this space were built by real estate and travel professionals, rather than technology professionals. In co-founding Hostaway, the all-in-one vacation rental management software, Marcus' team had an immediate competitive advantage. He also dedicated himself to learning about the vacation rental ecosystem and creating a network of valuable relationships in the industry. Today, Marcus is the CEO of Hostaway which is the fastest-growing solution on the market. They are the preferred partners of big OTAs including Airbnb, Booking.com, and VRBO, and have the largest marketplace in the sector with more than 100 integrated software partners.
HIGHLIGHTS OF THE EPISODE
NOTABLE QUOTES
"Speed kills." - Mike Sjogren
"There's a great value in combining smaller things to make them into something bigger." - Emanuele Pani
"As you grow your business, you're going to notice that whatever worked yesterday does not work anymore." - Marcus Rader
"Every business is built on people."  - Marcus Rader
CONNECT WITH THE GUEST
Marcus Rader: Linkedin
Hostaway
CONNECT WITH THE HOSTS 
Michael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedin
https://linktr.ee/the_airbnbguy
Emanuele Pani: Clubhouse | Instagram | Facebook | Linkedin
FREE MASTERCLASS TRAINING - https://www.strsecrets.com/masterclass
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