Behind the Stays How a Former Airbnb Employee is Reimagining How to Buy a Vacation Home — This is the Story of Summer
Meet Paul Kromidas, an industry trailblazer who transitioned from a strategic role at Airbnb to founding Summer, a company revolutionizing the vacation rental space.
This episode delves into Paul's insights on the shifting dynamics of property management and his innovative approach to vacation home ownership.
Tune in as we explore:
- Paul's key learnings from his tenure at Airbnb and their influence on Summer's vision.
- The concept behind Summer: Empowering aspiring vacation home owners with a risk-free trial of property ownership.
- The unique 'gradual ownership' model: A gateway for hesitant investors to step into the vacation rental market.
- How Summer addresses the quality versus quantity debate in property management.
- The challenge of balancing brand consistency with local uniqueness in vacation rentals.
- The future of vacation rental management: Predictions and strategies from a seasoned insider.
This episode is brought to you by Summer.
Summer takes the headache out of owning a vacation rental by taking care of sourcing, designing, furnishing and managing your home.
What makes Summer especially unique is the pathway to ownership that they offer — think of this as an option to “try before you actually buy an Airbnb”
Here’s how Summer’s Gradual Ownership model works:
- You work with Summer to find the perfect vacation rental — one that’s in a market that you want to vacation to and also in a market that makes sense for a vacation rental.
- Summer guides you through the whole discernment process of where, when and what kind of home to buy.
- When you find the right home, put down a downpayment of 15+% but Summer buys the home for you and holds it for up to two years — during this time you can buy back the home from them any time you are ready or, after the two year period you can decide you DON’T want the home and get a full refund of your down payment.
- Also, Summer covers all of the closing costs and fees for the upfront purchase on the home, as well as furnishing and design. This means you pay far less out of pocket than you would if you bought the home yourself from day one.
So if you’ve been looking for a way to beta test the whole Airbnb game, this is your sign. Go and chat with my new friends at Summer and tell them that Zach from Behind the Stays sent you there way.
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About the Show
Behind the Stays is brought to you twice a week by Sponstayneous — a free, biweekly newsletter that brings subscribers the best last-minute deals and upcoming steals on Airbnb.
You can subscribe, for free, at www.sponstayneous.com.
Behind the Stays is hosted by Zach Busekrus, co-founder of Sponstayneous, you can connect with him on Twitter at @zboozee.