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Home > Living Off Rentals > #148 - "The Data Guy" and how to pick the best STR - John Bianchi


	Podcast:		Living Off Rentals
	Episode:		#148 - "The Data Guy" and how to pick the best STR - John Bianchi
	Category:		Business
	Duration:		01:02:08
	Publish Date:		2022-12-14 12:00:00
	Description:		John Bianchi successfully made the best decision on his rental entrepreneurship based on the data and information. He accomplished this by clearly defining where to obtain the information required to make the best decision that would lead to his own success. In this episode of Living Off Rentals, he’s here to discuss the lessons he's learned, the experiences he's had, and the wisdom he's gained for us to learn from and adapt some of his wisdom as an aspiring rental entrepreneur. Key Takeaways: [02:11] Prior to becoming a rental entrepreneur, John discusses his background. [04:55] Listen to John’s discussion about the challenges he faced as a Canadian starting a short-term rental business in Chicago - the benefits and drawbacks! [06:35] Was it John's intention to sell the business to a larger company from the start, or did it happen by chance? [11:00] Take a look at how John valued his experience with the business he built and the steps he took until he was able to successfully sell it. [21:18] When it comes to data, John looked for patterns and trends to work with and track information that he could use to make a successful sale based on the scale. [31:24] John shares the factor and key piece of information that can be used to determine what a rental entrepreneur should anticipate to successfully sell a rental. [37:17] If you want a great review, you must strike a balance between the quality of the room's advertisements and the beauty of the room itself. [42:08] In his discussion of rental location trends, John explains how these trends impact his revenue. [48:37] When does John think the market has reached saturation? [54:55] John explains where he thinks the greatest opportunity will be based on the market's direction. Guest Resources: Website - https://reports.pointanalytics.co Gmail - hello@pointanalytics.com Show Resources: https://drive.google.com/file/d/114YWNpy-rG2szuAhCttZTWQujnAVe_bq/view?usp=share_link Show Links: Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals Living Off Rentals Website -www.livingoffrentals.com Living Off Rentals Instagram -www.instagram.com/livingoffrentals Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
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