The power of passion in property management with Andy Newman
In this episode of STR Booked, Nihal Salah chats with Andy Newman, the visionary behind Newman Hospitality. Andy shares his fascinating journey from a successful finance career to building a thriving property management business with over 150 properties across the U.S.
We dive deep into his transition, the challenges he faced, and the lessons he learned along the way. Andy’s story is not just about business; it’s about passion, relationships, and the art of hospitality. Whether you’re a seasoned property manager or just curious about the world of short-term rentals, this episode is packed with insights and inspiration.
Key takeaways:
- Passion over profit: Andy emphasizes the importance of passion in the property management business. He shares how his love for travel and cultural experiences fueled his transition from finance to hospitality.
- The power of relationships: Throughout the episode, Andy highlights how building genuine relationships with property owners and guests has been key to his success. It’s not just about business; it’s about creating memorable experiences.
- Details matter: From hiring a "mattress consultant" to ensure the perfect night's sleep for guests, to designing Instagrammable spaces, Andy reveals how attention to detail can set your properties apart and lead to loyal, repeat guests.
- Work-life balance: Andy discusses the importance of cultivating free time and how it has surprisingly led to some of his best business opportunities. He encourages property managers to disconnect and find inspiration through travel and hobbies.
- Evolving your property: Just like car manufacturers tweak their models each year, Andy believes in constantly evolving and upgrading properties to stay ahead of the competition and keep guests coming back.
- Marketing through guest experiences: Andy talks about the power of guest-driven marketing. When guests have an amazing experience, they naturally become advocates for your property, sharing their experiences and bringing in more business.
Connect with Andy Newman:
- Website: Newman Hospitality
- Facebook: Newman Hospitality on Facebook
- Instagram: Newman Hospitality on Instagram
Explore Andy’s properties and get inspired by the attention to detail and the care put into each listing. If you’re looking for a place to stay or ideas to elevate your own short-term rental business, Newman Hospitality is a must-see!
Want to be a guest on STR Booked? If you’re interested in joining the podcast, I’d love to hear from you! Reach out to me at nsalah@yapstone.com to discuss potential topics and share your story.
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