Soto: Property managers slow growth around 300 properties due to multi-city expansion
Amiad Soto · 1507 Guesty Passes 1,000 Customers, 50,000 Properties, Charging 2-5% · Sep 9, 2019 · at 10:00
Amiad Soto, co-founder and CEO of Guesty, discusses scaling hurdles for short-term rental property management companies.
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“We definitely help a lot of companies grow to the three hundred-ish size, and then they slow down a bit because they need to start spreading into different cities, and that's a different operation skill that they need to develop.”
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More from Amiad Soto
Soto: Guesty customers grow their property count 5x in year one
“Almost all of our customers, the average they grow in one year is more than five X.”
Soto: Guesty generates 6x to 30x LTV to CAC returns
“And we found out that we make more than six to sometimes even as much as 30 X on our on our type of customers depends on their size.”
Soto: Guesty's larger customers pay back CAC within one to three months
“So for us, it depends on the size of customers, but the medium and large ones pay back within a month to three months as a late.”
Soto: Over 600 niche software tools fragment the short-term rental market
“Well, you know, this industry is still super fragmented. There are more than 600 different software tools but all of them are focused on niche specific solutions.”