Creating Operational Scale With Virtual Assistants

This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform. In this episode, host Bill Faith discusses the vital role of virtual assistants (VAs) in efficiently managing short-term rental properties and businesses. Bill shares insights on how VAs can help property owners and hosts scale their operations.  Key takeaways: VAs for Scaling: Bill emphasizes that VAs are essential for operational scale in various industries, including short-term rentals. Maximizing Property Potential: Bill stresses the importance of maximizing property potential, including revenue, ROI, and ADR, through effective marketing. Challenges in Finding VAs: Bill highlights the difficulty of finding the right VAs, especially in marketing roles, and the need for proper vetting. VAs' Responsibilities: Bill suggests breaking down VA roles into specific skill sets, including research, marketing, and guest communication. Testing and Interviewing: Bill advises testing VAs with tasks during recruitment and thoroughly discussing job descriptions during interviews. Standard Operating Procedures (SOPs): SOPs should clearly define tasks, reporting, and communication methods to manage expectations. Payment Methods: Bill recommends using services like Wise.com for paying overseas VAs and mentions STRVAs.com as a resource for finding trained VAs. Building Relationships: Bill highlights building rapport with VAs but emphasizes paying for task execution, not their time. Scaling with VAs: VAs are crucial for scaling and operational efficiency in property management. Links and Resources Mentioned: STRVAs.com Wise.com 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

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Ready to build your Short Term Rental wealth? Learn more at: https://buildstrwealth.com/. Short Term Rentals have been a game-changer for the real estate industry. And no one knows this better than Bill Faeth. As a successful Short Term Rental Investor and Host, Bill has seen firsthand how powerful the Short Term Rental model can be. And now, he's sharing his knowledge with the world through his new podcast, STR Unfiltered. On each episode, Bill breaks down the ins and outs of Short Term Rental Hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Whether you're just starting in Short Term Rentals or looking to take your business to new heights, STR Unfiltered is a must-listen. So what are you waiting for? Tune in today and learn from the best in the business!