Special Guest: Natalie Palmer talking Cohosting Scales of Economy

StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi! This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform. In this episode of STRUnfiltered, host Bill Faeth interviews co-host Natalie Palmer about her experiences in co-hosting vacation rentals and how it has affected her life. Natalie, who manages ten properties in California’s Big Bear ski resort, shares valuable advice on operating a successful rental business, the advantages of having multiple properties in a single location, and the importance of having a supportive relationship with service providers, such as cleaners. They also discuss the risks of regulations and restrictions on short-term rentals and the benefits of having a local STR association. Additionally, the conversation delves into their personal experiences of hosting conferences in their industry and the challenges that come with it. Natalie also shares information about her upcoming conference, 'Level Up Your Listing Summit' in Scottsdale, Arizona. 00:01 Introduction and Catching Up 00:30 The Challenges of Organizing Conferences 02:39 The Love for Taylor Swift 05:33 The Journey into Co-hosting 05:59 The Success of Specialized Co-hosting 13:38 The Risks of Investing in Big Bear, California 16:16 Impact of Policies on Community 16:28 Regulatory Challenges in the Market 17:22 Importance of Organizing Associations 17:29 The Role of City Councils in Legislation 18:29 The Reality of Local Politics 18:50 The Effect of Regulations on Different Cities 19:42 Achieving Economies of Scale in the Industry 20:13 Benefits of Co-hosting in the Same Market 20:49 The Importance of Cleaners in the Business 27:48 The Impact of Short Term Rentals on Communities 29:09 Upcoming Conferences and Events 31:40 The Joy of Food and Travel 32:41 Closing Remarks and Future Plans Watch this episode on our YouTube Channel Every Tuesday & Friday https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508 You can find more of Bill online at: Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share<sid=660cbc9b-4a7e-4ed9-a654-900180b83af1 Build STR Wealth: https://buildstrwealth.com/ Instagram: @BillFaeth73 Tik Tok: @bfaeth Learn more about your ad choices. Visit megaphone.fm/adchoices