Crafting a Five-Star STR Experience with Al & Elissa of Rather Be Properties
Join us as we dive deep with Al and Elissa of Rather Be Properties. From 4 to 30+ properties in just a year, they share their journey of rapid growth while maintaining a focus on five-star hospitality. Learn about their innovative approaches to direct bookings, influencer partnerships, and balancing business scaling with family life. Discover how they’re playing the long game in the short-term rental space, one ‘rather be’ experience at a time. Summary and Highlights In the ever-evolving world of short-term rental management, few stories shine as brightly as that of Al and Elissa from Rather Be Properties. On our latest podcast, we had the pleasure of witnessing their journey, which has seen their business skyrocket from managing just four properties to over 30 in under a year. And they’re not stopping there—aiming to expand to 50-75 properties by really soon, their story is both inspiring and instructional for anyone in the industry. From 4 to 30+ Properties in Just a Year Al and Elissa’s rapid growth is a testament to their strategic approach and relentless drive. Their success didn’t come overnight; it’s the result of meticulous planning and execution. They’ve invested significantly in building robust systems and processes, enabling them to scale efficiently without compromising quality. Balancing Five-Star Hospitality with Profitability One of the key insights from our conversation was their focus on delivering “five-star hospitality” while also maximizing owner profits. This dual objective often presents a challenge, as exceptional guest experiences can sometimes conflict with profitability. However, Al and Elissa have found a way to harmonize these goals, creating a model that serves both their guests and property owners effectively. Investing in Systems and Team Expansion Scaling a business demands more than just increased inventory; it requires solid infrastructure. Al and Elissa have recognized this need and have heavily invested in systems and processes. This includes expanding their team, which is crucial for maintaining high standards across their growing portfolio. Their proactive approach to team building and process optimization has been instrumental in their rapid expansion. The Importance of KPIs Data-driven decision-making is another cornerstone of their success. They closely monitor various Key Performance Indicators (KPIs), such as guest review scores, response times, maintenance costs, and revenue targets. This meticulous tracking allows them to make informed adjustments and ensure their operations remain efficient and effective. The Power of Direct Bookings While Online Travel Agencies (OTAs) like Airbnb are valuable for visibility, Al and Elissa place significant emphasis on direct bookings through their website, social media, and email marketing. They view direct bookings as a vital component for fostering long-term guest relationships and mitigating some of the challenges associated with OTA platforms. This strategy not only helps in building a loyal guest base but also in enhancing their overall brand presence. Playing the Long Game Al and Elissa embody the essence of playing the long game in business. They understand that success involves continuous iteration and process improvement. Their willingness to adapt and refine their approach over time underscores their commitment to long-term success rather than short-term gains. A Family Business with a Personal Touch What makes their story even more compelling is their ability to scale a thriving business while raising young children. They view Rather Be Properties not just as a business but as a family venture, adding a personal touch to their professional achievements. Leveraging Complementary Skills for Growth Al and Elissa’s journey highlights the power of leveraging complementary skills. Al’s focus on systems and efficiency pairs perfectly with Elissa’s background in hospitality, creating a dynamic duo that drives their business forward. Their synergy is a key factor in their impressive growth and continued success. Their story is a testament to what can be achieved with dedication, strategic planning, and a shared vision. For those looking to make their mark in the short-term rental industry, Al and Elissa’s approach offers valuable lessons in scaling, balancing priorities, and building a brand that resonates with both guests and property owners. Follow Rather Be Properties on Instagram Transcription Gil: Hey folks. Welcome back to direct booking. Simplify it. We break down the strategies and tactics to win direct bookings on today’s show. I have Al and Elissa. Welcome to the show, Al and Elissa. Thank you. Yeah. It’s great to have a power couple on the show. I’ve had a couple, but I always enjoyed, I kind of enjoy the dynamic there. Al: We like to think so too. Gil: Yeah. Do you guys mind giving an introduction to yourself? Al: Sure. Okay. Sorry. Um, cool. So my name’s Al. Um, I’ve been in tied to a residential real estate for probably the last 15 years. I was in the mortgage industry for quite some time. I retired out of that about a year ago. We bought and flipped homes in residential real estate, Southern California. Al: Um, we’ve done, uh, some, you know, property syndications, both multifamily, residential, short term rentals. Um, we started investing in short term rentals about four years ago, almost three and a half, four years ago. And, uh, really it was just an avenue for us to invest into a couple of properties, have some passive income. Al: Um, Elissa’s background is in hospitality. I’ll let you share your background. Elissa: Um, so I was a massage therapist and an esthetician, and I was involved in some day spas and some five star resorts in Australia. And then Dubai where Al and I met. Uh, I’ve spent like 10 years in the hospitality industry, doing really fun stuff. Elissa: Fine five star hospitality, I guess. Um, I love that side of things. Um, the hospitality anticipating guest needs. Yeah. So with us love of real estate and my hospitality, I feel like we Al: made a good combo. Yeah. So that’s why we just started to decide to start the company. Um, and then we started co hosting probably two years ago. Al: Uh, basically first property owner just reached out










