Vegas Airbnb Conversion Success
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Justin Mares shares a successful real estate investment story about flipping an apartment building in Vegas.
"We bought a 14-unit apartment building in Vegas. We put it all on Airbnb, basically tripled the cash flow, and then sold it 18 months later for 70% more than what we paid for."
He then explained his strategy for optimizing Airbnb properties:
- Put more and better photos up
- Instantly respond to every inquiry to get a fast response rate that the algorithm likes
- Focus on getting 5-star reviews
His philosophy was that if a property was worth $100, he knew he could make it worth $120 just by applying this optimization playbook to any property that wasn't already maximizing its Airbnb potential.
Justin Mares
Co-founded Exceptional and authored "Traction," a guide for startup growth. Currently leads TrueMed, a health-tech/fintech company.
Expertise in revenue management and startup operations. Passionate about improving healthcare through technology and financial innovation.