Carolyn & Frank LaQuaglia will be our featured speakers at our October meeting.
Come hear their exciting story of how they started and grew their short-term rental
business into an extremely profitable stream of income! They will be sharing all the
details of running a short-term rental business, as well as answering all your questions.
Carolyn & Frank are both members of Akron Canton REIA as well as serving on the board.
They have been in the rental business since 2015. In 2018 they did their 1st Airbnb, by taking
one of their long-term rentals and converting it. It immediately booked up so when their next
long-term rental became available, they converted it as well, fast forward to today and now they have six.
Five of them are short term and one of them is an intermediate rental (30 days or more). The five
short term rentals are in apartment buildings with different numbers of bedrooms.
The intermediate rental is a three-bedroom house.
Their clients range from folks visiting family, new hires to the area, doctors and nurses, long range
bike riders and vacationers. Their apartments are in Massillon (Massillon is not known for being a tourist area).
However, the bookings keep coming in. Their plans are to keep growing their businesses. They are making
30 – 35% net profit from their short-term rentals!
See you at the Meeting!