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GUESTS BIO\n\nAndrew Bate - is the Co-Founder & CEO of Safely.com \u2013 the tech-enabled data, and insurance company that has protected over $40 billion of homeowner liability during their short-term rentals. Before founding Safely, Andrew was a senior researcher at both Emory University\u2019s Goizueta Business School and The Wharton School. His team\u2019s work was published in the Harvard Business Review, Neuropsychologia, NeuroLeadership, and the Handbook of NeuroLeadership. Prior to that, he was an analyst at McKinsey & Co., specializing in revenue management, distribution, and loyalty programs for the Firm\u2019s Travel Practice. Andrew earned his BBA from Emory University and an MBA from the London School of Business where he attended the Chinese University of Hong Kong on exchange.\n\n\n\nHIGHLIGHTS OF THE EPISODE\n\n04:22 \xa0Andrew\u2019s biography\n\n05:53 \xa0What got Andrew into the short-term rental industry and what gave him the idea for Safely.\n\n08:01 \xa0The amount of money that people with secondary home is not utilizing.\n\n10:44 \xa0Taking homeowners\u2019 concerns seriously to help grow your co-hosting business.\n\n14:23 \xa0Andrew\u2019s process/journey on founding his company Safely.com\n\n18:42 \xa0How the offering works behind Safely.\n\n20:46 \xa0Safely\u2019s 3-day turnaround claim.\n\n22:57 \xa0Running a background check on guests.\n\n24:34 \xa03 types of insurance claims on vacation rentals.\n\n28:01 \xa0Taking regular inventory of what\u2019s in your house.\n\n29:31 \xa0Why Safely is unique.\n\n32:01 \xa0Bad things happen. Don\u2019t be afraid to use your insurance policy.\n\n34:06 \xa0Plans on running cancelation insurance for guests and hosts.\n\n37:23 \xa0Trip Cancelation insurance is not a new concept in other industries.\n\n39:49 \xa0Andrew\u2019s number 1 secret to success in short-term rentals.\n\n41:38 \xa0Where can people find out more about Andrew and Safely.\n\n\n\nNOTABLE QUOTES (KEY LESSONS):\n\n"The first need that a homeowner has before they're gonna monetize\n\nthat house is, they need to feel comfortable with who's staying in their\n\nhouse and they know that they'll be taken care of if something goes wrong."\n\n- Andrew Bate\n\n"If you're doing your job well you'll have 80% occupancy." - Andrew Bate\n\n"The secret is once you're running your business it's to look at the best practices\n\nfrom the established travel industry." - Andrew Bate\n\n\n\nCONNECTING WITH THE GUESTS\n\nWebsite: safely.com\n\nEmail: andrew@safely.com\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices