Michael Girdley (@Girdley), and Mills Snell (@thegeneralmills) are joined by Mike Harrington (@MHarringtonNC) to talk about vacation rental management businesses, the industry, 2 Deals, the best criteria to choose a market, operation specifics, and more.

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* Great Lakes Region VR Company

* Colorado Ski-Market VR Company 

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Show Notes:

(00:00) - Intro

(00:37) - Fleetio

(01:55) - Mike’s background, business & vacation rental management

(06:59) - Deal 1: 14 y/o Colorado Ski-country vacation rental management 

(11:17) - Does the reported revenue makes sense? They report 49 employees: what can you tell us about employees in the VR industry? Labor availability, regulations, geographic limitations

(17:21) - What’s the correlation between business size and participative ownership?(19:41) - What’s been your experience when acquiring a new business and transitioning from the previous owner in the industry?

(21:35) - What’s the implication of short-term rentals on revenue?

(25:02) - Do you place your company listings on booking platforms?

(28:08) - Deal 2: VR Management Firm

(36:18) - Could you add a complementary business?

(38:35) - What are the threats that you evaluate in this business?

(41:20) - Why are fees in vacation rental companies higher? What is the differential service provided?

(47:03) How would you go about Deal 2?

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