Ep 81 - What It Really Takes to Build And Scale A Business with Hostaway's Marcus Rader

Published: Dec. 20, 2021, 4 p.m.

b'GUEST\'S BIO\\nMarcus 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.\\n\\nHIGHLIGHTS OF THE EPISODE\\n03:46 Marcus Rader\'s introduction and background\\n06:50 What made Marcus co-founded Hostaway\\n09:12 Global megatrends\\n11:20 Marcus talks about putting himself in the shoes of Airbnb hosts to experience property management\\n14:13 What sets Hostaway apart from other PMS\\n16:32 Why your PMS support is important\\n18:59 E shares his experience with his previous PMS that made his listings went down\\n21:43 Key things that Hostaway focused on their system\\n25:15 Hostaway\'s focus area for 2022\\n27:43 What Marcus and his customer success team did with their customers when the pandemic first hit\\n30:33 How the STR industry in the US recovered from the pandemic\\n34:22 Marcus talks about where the STR industry is going\\n36:55 Multiples in property management companies\\n38:34 Reasons why people would not invest in companies\\n41:03 Why growth matters to SaaS\\n42:07 AirDNA\'s US forecast for 2022\\n43:23 Acknowledgments to Marcus\\n44:07 Where can people connect with Marcus and find out more about Hostaway\\n44:44 What is Marcus\'s #1 secret to success with STR\\n\\nNOTABLE QUOTES\\n"Speed kills." - Mike Sjogren\\n"There\'s a great value in combining smaller things to make them into something bigger." - Emanuele Pani\\n"As you grow your business, you\'re going to notice that whatever worked yesterday does not work anymore." - Marcus Rader\\n"Every business is built on people." \\xa0- Marcus Rader\\n\\nCONNECT WITH THE GUEST\\nMarcus Rader: Linkedin\\nHostaway\\n\\nCONNECT WITH THE HOSTS\\xa0\\n\\nMichael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedin\\n\\nhttps://linktr.ee/the_airbnbguy\\n\\nEmanuele Pani: Clubhouse | Instagram | Facebook | Linkedin\\n\\nFREE MASTERCLASS TRAINING - https://www.strsecrets.com/masterclass\\n\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'