That Remote Life | Interviews with Digital Nomads and Location Independent Entrepreneurs

Today on the podcast I am joined by my friend Neel Parekh, the founder of MaidThis, a cleaning franchise that helps residential homeowners and short-term rental hosts (Airbnb, VRBO, etc) with their cleanings.

Neel is actually a past guest of the podcast and was originally featured in episode 10 of this show almost exactly 3 years ago! Today Neel is back on the podcast to talk about the evolution of his MaidThis into a franchise and why he decided to make that switch. We discuss why a local remote business can be a great lifestyle business, how to get involved in a MaidThis franchise if it sounds like something you might be into and we also shared ideas for other industries where a “local” remote business could be successful

Show Notes

💬  Topics Discussed:
  • How the COVID-19 pandemic affected MaidThis and its operations
  • Why Neel decided to franchise MaidThis
  • The upside of being tech-savvy in an old school industry
  • What is a Remote Local Business
  • What kind of industries could benefit from the MaidThis business model?
  • What are the benefits of franchising?
  • How much is the buy-in for MaidThis and what do you get from it?
  • What kind of cities are ideal for a Remote Local Business?
  • What kind of person would be the ideal franchisee for MaidThis?
  • How tech-heavy is running a MaidThis franchise
  • Can you take a loan out for MaidThis?
  • How the perception of debt and loans has changed over the years
  • Taking on debt to buy liabilities VS Taking on debt to buy assets
  • What are some of the pain points of the Remote Local Business model?
  • How high are the margins and how much staff do you need for $1 million in revenue through a MaidThis franchise?
  • Does a franchisee get to use Neel’s support structure or does he have to build one on his own?
  • The power of personal brands and micro-personal brands
  • The Four Types of Luck
  • Did Neel’s private equity background help him out in his business journey?
Leave a Review ⭐️⭐️⭐️⭐️⭐️
Subscribe to the YouTube Channel 🎬

🎒 Resources:

What is That Remote Life | Interviews with Digital Nomads and Location Independent Entrepreneurs ?

That Remote Life is a podcast focused on helping you become location independent in order to live life on your terms. Serial entrepreneur and traveler Mitko Karshovski interviews some of the most successful entrepreneurs and digital nomads to help uncover the strategies and skills to help you reach the same success. Follow Mitko's journey in real-time as he builds his own location independent business and shares all the lessons and experiences. If you are someone who wants to get out of a desk job, start your own business, and become a location independent entrepreneur, then this show is for you. Visit the show online at ThatRemoteLife.com/podcast