Episode 50

Self-Managing STRs the Unorthodox Doc’s Way

Dr. Sabitha Setty shares her tips on getting short-term rentals online and profitable. She suggests working on your listing before you’re ready to publish and listing on only one rental platform at a time to avoid double bookings and price mistakes.

Hear why she fired her first property manager and how you can “dial-in” your messaging for your potential guests on each platform using tone and compassion to your benefit.

Dr. Sabitha Setty talks about how easy it really is to actively self-manage a short-term rental (or a few) and why STRs are so different from longer leases. She’s especially happy with the bonus depreciation available that can offset your other earned income, which is an excellent benefit for doctors and other high-income professionals.

In this episode, listen for

How you can import and export calendars from each platform in an attempt to prevent double bookings from multi-platform listings
Dr. Sabitha Setty explains her automated messaging strategy with Airbnb
What your guests might need to know about ratings and how to be approachable yet retain your personal privacy

Must-listen Moments:

[3:55] Two affordable property management software systems that may help manage short term rental bookings

[7:06] Dr. Sabitha Setty shares which five automated messages she sends to her Airbnb customers, why, and what to say in each one

[12:30] Fee structure and feature comparison between Vrbo and Airbnb versus why or when you may look into a private booking site

[19:20] She explains in detail how actively managing your own STR property can allow you to enjoy depreciation, offset your income, and harvest all the tax benefits possible right now.

Guest Links:

FB Group: The Unorthodox Doc - Short Term Rental Group