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@westcoasthomestays - Insta
Follow me for STR/MTR content @thearbitreneur -Insta
Follow our management company
@westcoasthomestays - Insta
Follow Mark for STR/MTR content @thearbitreneur
Summary
Mark Palmiere, co-host and short-term rental arbitrage expert, shares his journey and insights into the Airbnb business. He explains the concept of arbitrage, where you lease a property from a homeowner and sublease it as a short-term rental.
Mark discusses how to find arbitrage deals and the benefits for both the owner and the operator. He also talks about the importance of creating a great guest experience through design and management. Mark emphasizes that it's never too late to get started in the Airbnb game and shares his company, West Coast Homestays, as a resource for those looking to enter the market.
In this conversation, Mark Palmiere discusses his experience with Airbnb arbitrage and co-hosting. He explains the process of finding properties, furnishing them, and managing bookings.
Mark also shares insights on the importance of networking with housing specialists and insurance agencies to secure long-term rental opportunities.
He emphasizes the benefits of a hybrid strategy that combines short-term and midterm rentals. Mark provides tips on finding cleaners and handymen and highlights the significance of quality over quantity when selecting properties.
He concludes by encouraging listeners to reach out to him for advice on arbitrage, co-hosting, and boutique hotel management.