CFD 166 - Ty Crandall Tells Us How to Build Our Credit in Cool New Ways
After managing 400+ units and helping STR hosts in 17 countries achieve $800+ monthly net income per bedroom, I'm sharing my best strategies - free.
Every Monday and Thursday, you'll get:
✓ One actionable STR automation strategy
✓ Data-driven market insights that matter
✓ Implementation frameworks that work
✓ Real case studies from our 20,000+ community
No fluff. No theory. Just proven systems from my living room "office" (fueled by Celsius and Chick-fil-A).
These are the exact insights that help our community achieve:
• 30%+ profit margins
• 80% automated guest communication
• 5+ hours saved weekly
👉 Join 20,000+ successful STR hosts at https://newsletter.cashflowdiary.com/welcome
Now, let's dive into today's episode...
An authority in business credit, Ty Crandall is an author and CEO of Credit Suite, so he might just know a few strategies to help us build our credit in ways we might not have heard of before. As most successful entrepreneurs, Ty’s path to becoming who he is today and what he does to solve problems for other people was not a straight line. He had to experience a few unexpected twists and turns, bumps and really big dips. Ty started out in the military, but when he got out he knew he wanted to go into business for himself. The first company he owned was a mortgage company and it was doing really well… until the housing market crash. Then Ty got to experience the down side of business ownership, which included losing his business, which had a trickle-down effect in his personal life. He had to build back up. When he learned about business credit and how building it could help him repair his life he wanted to help others do the same. He couldn’t find an advocate for building business credit, so he became one, which lets him help a great number of entrepreneurs. Ty tells us that by using business credit vs. personal credit, we have a lot more flexibility and options as we grow our business. This credit is linked to your business EIN number, which means the business can get lines of credit and make purchases without you having to personally guarantee the debt. The business becomes liable and can achieve high credit limits that can be used in real estate transactions and other investments. However, it’s not an overnight event. It can take one or two years. You can start by getting vendor credit for your business quickly and build your credit from there. Next comes store credit cards under the business name, and then actual credit cards and lines of credit. Ty suggests opening an office supplies account first for all the office supplies you need for your business. In this energetic episode of Cash Flow Diary, you are going to learn some great and little-known tips and longer-term strategies in building your business credit. This can help you become a bigger, badder, better real estate investor and business owner! Learn more.
Dear Future Top Performer,
Are you tired of working harder instead of smarter in your STR business? Here's a wake-up call: The most successful hosts aren't grinding 24/7 – they're leveraging a proven formula that transforms average properties into profit powerhouses.
Let me share something game-changing with you...
There's a simple yet powerful equation that's revolutionizing the STR industry:
L × C × F × M = GP
This isn't just another fancy acronym – it's the exact blueprint top performers use to:
• Generate consistent leads without burning out
• Convert browsers into eager bookers
• Maximize guest frequency (hello, repeat customers!)
• Amplify their margins while others race to the bottom
Right now, you're probably leaving thousands on the table. The truth? 80% of your potential profits are locked behind just 20% of the right actions.
Ready to stop bleeding money and start leading the pack?
Join our newsletter today and get weekly insights that will help you:
✓ Master the Growth Formula
✓ Optimize your listing for maximum visibility
✓ Create an irresistible guest experience
✓ Scale your business the smart way
Don't let another day pass watching others succeed while you're stuck in the grind.
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