In this episode of STR Data Lab, host Jamie Lane, Chief Economist at AirDNA, sits down with Jeff Iloulian, CEO and founder of HostGPO. HostGPO is a members-only platform for vacation rental operators, offering access to discounted rates on essentials such as furniture, linens, mattresses, and various amenities. Jeff shares the inspiration behind HostGPO, spurred by his personal challenges in sourcing high-quality products for his vacation rental properties. The conversation explores HostGPO's target audience, encompassing both property management firms and individual homeowners and recognizes their distinct needs and aspirations. Jeff provides insights into the initial setup of a vacation rental, emphasizing the importance of careful planning, understanding the target guest demographic, and efficient budget allocation. He recommends opting for durable furniture selections and warns against the expense of custom-made items. The conversation also covers logistical considerations, such as delivery schedules and installation services, to efficiently facilitate property setup. Throughout the conversation, Jeff's expertise and passion for assisting vacation rental hosts shine through, providing actionable advice for those new to the industry. Lastly, Jeff encourages anyone interested in setting up vacation rentals to sign up for a free consultation with HostGPO to receive customized advice and leverage their strategic insights and partnerships. You don’t want to miss this episode! ~~~~ Connect with Jeff: https://www.linkedin.com/in/jeff-iloulian-bb0b6829/ https://hostgpo.com/ ~~~~ Signup for AirDNA for FREE👇 https://app.airdna.co/data  ~~~~ Connect with Jamie on LinkedIn and Twitter:  LinkedIn: https://www.linkedin.com/in/jamiehlane/  Twitter: https://twitter.com/Jamie_Lane  ~~~~ Connect with Tyler: Linkedin: https://www.linkedin.com/in/tyler-coon-0003a3269/ https://www.savvy.realty/meet-the-team ~~~~ Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram: LinkedIn: https://www.linkedin.com/company/airdna/   Twitter: https://twitter.com/airdna  TikTok: https://www.tiktok.com/@airdna.co  Instagram: https://instagram.com/airdna.co  ~~~~ Find AirDNA at these upcoming events!  https://www.airdna.co/events-airdna  Episode 72