Scaling & Selling: Lessons from Guest Homes with Josh Guest

The Boostly Podcast

Welcome to Boostly Podcast Episode 757.

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In this episode of the Boostly podcast, host Liam interviews Josh Guest, a successful entrepreneur in the short-term rental industry. Josh started Guest Homes in 2018, initially as a rent-to-service accommodation (SA) business based in Brighton. Despite facing numerous challenges, such as managing properties four hours away, he quickly scaled his portfolio. By networking and leveraging local markets, he managed up to 130 units before selling his business to the Host and Stay Group. Josh shares valuable insights on building and scaling a short-term rental business from scratch. He emphasizes the importance of acquiring units, maintaining quality service for clients and guests, and utilizing technology like channel managers and pricing tools. He also underscores the significance of keeping operational costs low, especially when starting. Josh discusses the importance of marketing strategies, from SEO to networking events, to grow the business. He elaborates on how to handle properties located far away by setting up efficient systems and regular inspections. As for the challenges, he tackles issues related to scalability and managing dispersed properties effectively. He also provides practical tips on how to handle the logistics of property management, including maintaining compliance with fire safety regulations. Finally, Josh reveals his decision-making process behind selling his business, which was influenced by a prior conversation with Dale Smith from Host and Stay. His future plans include continuing to work with Host and Stay while exploring other entrepreneurial ventures, including scaling a linen hire business. Josh invites listeners to reach out to him for advice on starting, scaling, or exiting a short-term rental business.

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