281: The first 3 months running our first serviced apartments
This episode looks in detail at the first three months running our first two serviced accommodation units - a 2 bedroom apartment and a 1 bedroom apartment in a mixed use block we recently developed.
We look at the occupancy and performance statistics over our first few months of bookings, as well as a review of the different OTAs (online travel agents - spoiler ALERT: one of them was terrible!) and where the bookings came from, the financial details of them (income, expenses and profit) and some insights into what we think is working well and where we've got room for improvement.
I'd love to hear your thoughts on our figures as well. Being totally new to SA, it'd be nice to sense check whether our figures are about right or need some work.
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