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Daniel Rusteen – Optimize your BNB
In this podcast episode, Avery interviews Daniel Rusteen, author of Optimize Your BnB and the upcoming Profitable Properties. Daniel shares his journey from being an unemployed accountant to working at Airbnb and becoming a short-term rental investor. He discusses his experiences in the startup world, his initial failure to get hired at Airbnb, and how persistence paid off, eventually leading him to a successful career in the short-term rental industry.
Avery: Hey guys, welcome back to another episode of The Short Term Show. Today, I’ve got a really cool guest. I’ve got Daniel Rusteen, and he has one existing book out about short-term rentals called Optimize Your BnB. He’s got another one that’s in pre-sale/slash coming out soon, called Profitable Properties. A super cool story that we’re gonna hear from him today, so I’ll go ahead and let him introduce himself.
Daniel: How’s it going, Avery? It’s going very well, thanks for having me on, and I am glad to be on, especially because I read your book. I just finished it!
Avery: Thank you for reading it! It’s stupid, I read yours too, yeah, thanks.
Daniel: You! It’s, uh, your book is the only book, as far as I’m aware, that’s rated higher, rated with more reviews than mine. I had that title for like three years, and then yours came out, and I was like, “Oh, who is this girl?”
Avery: Thank you for pointing that out! But yeah, let’s talk about you for now. So, great! Tell us your story, how you got into short-term rental Airbnb investing, and what you’re doing now.
Daniel: Sure. I’ll start to finish, and then I’ll ask questions off of that. I started at Airbnb. That’s where I kind of got started. I was unemployed, I had a public accounting job, I quit that job, and I was looking for other jobs. I was in San Francisco, the startup scene, exploring all the different startups. I didn’t find it, but my roommate came in when I was making a peanut butter and jelly sandwich, and he said, “Hey, have you heard of this company called Air Bed and Breakfast?”
Avery: Yeah, that’s what it was called for anyone super, super new.
Daniel: Right! And I thought, “Oh, wow, that’s like a guest!” That clicks for me. I was like, “That’s cool,” so I looked into the company. They actually had a job open for accountants. So I applied, got an interview, and they said, “Thanks for coming in, but no thanks.”
Avery: Wow!
Daniel: I stayed in touch, though, because I was like, “Oh, this is a cool company.” You know, it was a typical startup scene: office, people riding around on scooters, free breakfast. I remember going in one time—I think it was a Friday, though honestly, it could’ve been Monday or Tuesday—and I clearly remember going into one of my interviews, and somebody stood up from a desk, not talking to me, looking at someone else. It was like the sun was out, and he was like, “Hey, do you want another beer?” And I was like, “What? Who’s he? What’s going on?” Because I was working for a public accounting firm at the time.
Avery: A whole different world!
Daniel: Exactly! So, I stayed in touch. A few months later, there was a different job in the same department. I interviewed, and I got the job—that was 2013. I left in 2016. During that time, I became a host of the living room on my couch. The same way that Airbnb got started in San Francisco, I was working at the headquarters in San Francisco.
Avery: Amazing!
Daniel: Yeah, there’s a whole story with that because, when it was all said and done, the city of San Francisco…