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Speaker: Its CAA Cast we're Luxury Casa.

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They be a CAA created by Casa.

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It's time for the show.

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Let's go.

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Speaker 2: Hey, welcome to Kass Cast.

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I'm your host, Steve Schwab
here today with David and Gotti.

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If you've been around Cago for any
amount of time or to any of the Casa

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Con conventions, you know David.

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David is infamous in our industry
and we've been lucky enough to have

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him come on as a senior advisor.

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If you don't know David, he is a
pilot, a entrepreneur, a property

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manager, and an ultra marathon runner,
which we can talk about all of those

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things as we go through this podcast.

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So excited to introduce 'em to
you all who haven't met him as

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our senior advisor for our.com

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initiatives.

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David, welcome to the show.

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Thanks for having me, Steve.

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David, you're working as our
senior advisor for ssa.com

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and casa.com

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to really bring value to our
franchisees and to our homeowners.

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Speaker 3: Yeah, that's correct.

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This is definitely an exciting
time , , when you look at the

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merger that that happened.

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Part of that merger that may not
get as much publicity is there

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was this website, vac casa.com

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legitimately, if it were an OTAA top 10
OTA in the country that just happened to

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slide in along with that deal and now is
here for the benefit of franchisees and

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homeowners of Vac Casa Go and Vac Casa.

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Esteban: You know, it's really exciting
to be able to bring this sort of demand

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to our existing franchisees who have
been going along on this ride with us

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. Then also to build the
value of vac casa.com

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for . those new Franchisees who are
coming on now, and to be able to provide

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them an opportunity that's really unique
in the industry because vac casa.com

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drives literally hundreds of
millions of dollars worth of revenue.

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That's pretty unique in
our industry, isn't it?

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Speaker 3: Yeah.

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So , when you think, , hundreds of
millions of dollars of revenue is a big

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number, and that can start to overwhelm
people, like what does that even mean?

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What does that mean For my Main Street
business, what it means is we are

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seeing top properties on picasa.com

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right now get 30 to 35% of their total
number of bookings from that website.

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So a similar number of bookings
that, uh, as those properties

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are receiving from Airbnb.

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VRBO and now all of a sudden, if
you're a Casa Go franchisee who a

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year ago would've had no way in the
world to distribute onto vac casa.com.

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Mm-hmm.

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You're gonna be there  . I was just
meeting with, with our CTO about that it's

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coming in the near future, you're going
to be able to get those extra bookings.

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If you are buying one of the Vac
casa markets and turning it into

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a Costco franchisee, yes, your
properties have already been on there.

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That's already reflected in the
booking, so that's exciting.

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But what's more exciting is we're
making much larger investments

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today than we were a year ago.

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I'll give an illustration
of that a year ago.

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Vac Casas, a publicly traded company,
they're spending seven figures,

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so a lot per month on Google Ads.

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Fast forward to today , we
merged, we're private.

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We're spending four
times that amount today.

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It's not like we're looking
to just cut that expense.

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We're looking to scale that expense
as high as we can where we're

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still driving positive results
for each of , our franchisees.

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Speaker 2: Yeah.

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David, you're not only working on bringing
more people to the website through spend

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and through search engine optimizations,
but you're also working really hard

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on the conversion optimization.

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And maybe a lot of our teammates
don't know what that is exactly.

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Can you explain that and then
talk about how that's going to

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benefit everybody in the ecosystem?

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Speaker 3: Yeah.

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I'm gonna back up just a little bit there.

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So the way I'm thinking about this
project holistically is we're getting.

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A, a incredible team put together
right now, that team , is partially

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made up of best in class, literally
the best in the world vendors that

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are helping us with certain things.

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People like SEER Interactive, my friend
Will Reynolds, uh, just one of the best

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paid marketing agencies in the world.

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. We're putting together team members.

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We're finding the team members that were
already in roles and empowering them.

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Where they were feeling frustrated,
they weren't able to actually produce

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results 'cause they weren't empowered.

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We're making sure those people
that did excellent work have the

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opportunity to see that work come
to fruition and drive results.

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So all of that's happening right now.

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We're going to continue
to empower those teams.

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And what that does is begins
to fill the top of the funnel.

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So if we want to think of this as
a funnel, the top of the funnel

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is the traffic that's coming in.

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That could be from a paid
source, like a Google ad.

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It could be email marketing, it
could be our app, which actually

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drives a lot of traffic and revenue.

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All of these different things, even
generative engines like chat, GPT.

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We're working on that right now.

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So we're, we're bringing in
traffic to the top of the funnel.

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That's not an easy thing to do.

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It takes a lot of work, but thankfully
we have a great foundation that has been

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built over years and years and years,
and so we bring this, this traffic

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into the top of the funnel, and now we
need to think about how do we move it

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down the funnel to an actual booking.

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And so.

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The first thing I think about is
what stops somebody from booking?

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We have , this group of a hundred
people that came into the site.

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Why did somebody not book?

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And that's a friction point.

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Once we start to identify those
friction points, which there's , a

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couple people on my team, Dan and
Daniel that are working on this, it,

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they then start to develop a test.

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Well, if this thing is stopping
somebody from booking, what if

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we did this other thing instead?

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So we will, uh, start to create a test.

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And I'm not gonna get into all
the statistics and math around

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that, but we allocate a little
bit of traffic initially, and

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more and more traffic eventually
as that test starts to prove out.

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And so we have this test that
then ultimately says, Hey, that

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friction point's now removed.

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That's a one test we, we won.

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And so we promote that test
and now we start again.

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So it is an iterative process of
constantly testing and removing

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friction points and making this this
funnel more efficient to move a higher

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percentage from the top down to the
bottom, completing a booking, and

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that's known as conversion optimization
or conversion rate optimization.

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If you haven't heard of that before.

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But that's an example of how, how
we're doing things as a team here.

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How can we get more traffic in the top,
not to be irresponsible with, but to be

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more responsible with, to create more
bookings, to hopefully drive a bigger

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and bigger percentage to each of our
franchisees and each of our homeowners.

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Speaker 2: That's,

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Speaker 3: that's

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Speaker 2: amazing.

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And you know, often we talk a
lot about that this business

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is a relationship business.

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Dave, you've brought a lot of your
relationships to bear in this project,

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and one of those is Will Reynolds,
and I'd like you to talk a little bit

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about Will Reynolds and how he's been
important to this and his agency.

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And then also one of his teammates,
a very important teammate, happens

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to be a homeowner in Las Vegas  , and
maybe you can talk a little bit about.

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Will and that whole ecosystem and
what that brings to the table.

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Speaker 3: Yeah.

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So I'd say Will is in probably the
top five people of influence on

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my career as an internet marketer.

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, Back in a time , where most people
were trying to game systems, he,

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he was a big champion of build
a brand that touches lives, that

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impacts people, that helps people.

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When you do that, you will win.

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And starting at that time, his messaging
really started to resonate with me.

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We became good friends over,
uh, over a long period of time.

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Such good friends, in fact, that
he actually just, uh, ran with

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me on one of my ultra marathons
overnight in, uh, Vermont 100.

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He was my, my pacer they call it.

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But he was there with me.

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Doing that.

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So that was a lot of fun.

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But while we're out there, we're
talking work, we're talking

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life, just a great human being.

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Mm-hmm.

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Who's built a company that, that
has just incredible talent and cares

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about the people, where each person
has a , sense of ownership there.

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So it's one of the top agencies in the
world when it comes to paid marketing.

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As soon as we realized we were
going on this journey together,

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will was one of my first calls.

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And I'm like, how do I
talk you into joining?

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How do I talk you into helping with this?

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And we talked him into that.

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He joined a call with us very early on,
started giving us time looking at the, the

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website and what the opportunities were.

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So that was absolutely amazing
to get him involved early on.

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Speaker 2: Yeah.

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You know, I think that it's, we'd
be remiss in, uh, not mentioning

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the fact that it was your
relationship that helped bring him

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on, because there's a waiting list.

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To work with Will.

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Speaker 3: Yeah.

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You can't normally just call
him up and be like, Hey, I want

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you to work with me in a week.

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That's just, uh, not something
that, that typically happens.

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And, , the good news is
it's not just the paid ads.

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We're, we're brainstorming on
things that are going to drive value

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for every one of our franchisees.

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Hopefully we'll be announcing
some of those soon.

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We're talking about things that
are really, really cutting edge

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around generative engines and AI
right now that we're working on.

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I, I was, I was going back and forth
on Slack with, with Will till like.

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10, 10 at night, just a, a few
days ago as we were ideating things

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that are, are for the sole purpose
of benefiting the franchisees.

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And these are exciting things.

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Esteban: Yeah.

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I know you don't want to talk
about them specifically because

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some of 'em are moonshots

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but I'm really excited about many of
the, , initiatives that you're working

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on, , that'll drive innovation in the
new Artificial Intelligence arena .  And

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speakng about your races . If you
don't know, David just finished the a

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hundred Mile Leadville Race, which is
one of the hardest races in the world.

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, He competes across multiple a hundred
mile races in different areas, and in

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just, uh, a few weeks, he'll be finishing
up that series of races at the Atch.

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I'm, I'm gonna say the
word wrong, wa Chat.

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You're gonna have to help me with this.

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Wasatch, you got it.

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Wasatch race and, uh, you know, just
the amount of discipline and hard work.

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David, , I wanna tell you how impressed
I am , , and, , just congratulations and

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kudos to you for being so disciplined
in a goal that you set forward and,

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uh, and have done well with, so.

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Really cool stuff.

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Speaker 3: Well, well, thank you for that.

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Don't congratulate me till
I'm done with that last one.

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Each one of these, uh, a hundred
mile races is a, uh, a feat.

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We'll say so.

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But yeah, the grand Slam of Ulta running
is four 100 mile races all through the

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mountains that takes place over about an
11 week time period with roughly about

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15 global athletes competing in that.

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So it's been, it's been
a challenge for sure.

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You know, I oftentimes.

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Equate things out there on the
trail to things I'm doing in life.

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It's part of why I like ultra running.

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You can tie it to building a
business or building a website,

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even relationships, different things
because there, there's these highs

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and these lows that come with it.

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And one of the things I think that really
ties back to to building picasa.com

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is just the idea of always forward.

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That there will be hiccups, there
will be frustrations, there will be

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mountaintops and there will be lows,
but we always keep moving forward.

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It's that idea of progress all the time.

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And when you have that idea of, Hey,
I'm not going to stop moving, you're

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making progress towards the finish line.

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And where you see people start
to drop out of races is when they

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sit in a chair and they sit there
too long, because guess what?

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You aren't moving any
closer to the finish line.

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Mm-hmm.

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And, and building a website
like, like the casa.com

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into the global brand that it has,
has just huge, huge potential.

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It requires that same mindset.

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How do we not get lazy and
sit in the chair figuratively.

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Yeah.

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How do we, even if it's slower
than we want on this section of

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the trail, how do we keep pushing
towards the finish line rather than,

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than stopping at the aid station?

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'cause when we stop at the aid station.

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Like sitting is quitting.

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Sitting is quitting.

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Yeah, I like that.

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Speaker 2: You know, and
speaking of, , the big race, the

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opportunity here with vac casa.com

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is it's already the highest trafficked
website for vacation rentals in

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the world that's privately owned.

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Speaker 3: Yeah.

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Think about that.

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That's where we are starting from.

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That is our start line.

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We have now been entrusted with
this website, the top privately

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owned vacation rental website in
the world to drive results for our

00:13:10.281 --> 00:13:12.111
franchisees, for our homeowners.

00:13:12.531 --> 00:13:14.691
That is not something I take lightly.

00:13:15.171 --> 00:13:17.151
We will build out the right team for this.

00:13:17.811 --> 00:13:20.061
We will develop that funnel.

00:13:20.061 --> 00:13:23.751
I was talking about that funnel where,
where we put as many people across the

00:13:23.751 --> 00:13:28.881
site as possible, but not, so we don't
optimize it, but so we can optimize it

00:13:28.881 --> 00:13:33.891
so it can provide more and more bookings
for everybody and more and more value

00:13:33.891 --> 00:13:38.631
for everybody, whether it's a existing
Costco franchisee or a new new one.

00:13:38.841 --> 00:13:44.841
We want that advantage to be so
overwhelmingly positive that any homeowner

00:13:44.841 --> 00:13:46.521
on your program benefits from this.

00:13:47.406 --> 00:13:50.616
That it helps you with churn, that
it helps you with revenue, and

00:13:50.616 --> 00:13:54.516
that it gives you just an unfair
advantage almost over the competition.

00:13:55.626 --> 00:14:00.036
Speaker 2: You know, David, my
job in this organization is to

00:14:00.186 --> 00:14:04.446
find the very best people for each
role so that we can be successful.

00:14:04.836 --> 00:14:07.776
And I have to tell you that I am
so grateful that you took this on.

00:14:08.176 --> 00:14:11.786
, I went out and recruited you,
, worked on convincing you before

00:14:11.786 --> 00:14:12.806
you knew I was convincing you.

00:14:13.316 --> 00:14:17.786
. I wouldn't entrust this opportunity
with anybody else but you, and

00:14:17.786 --> 00:14:20.276
I'm really grateful that you've
come onto the team, David.

00:14:20.756 --> 00:14:21.056
Well, I'm

00:14:21.056 --> 00:14:22.406
Speaker 3: grateful to be here, Steve.

00:14:22.406 --> 00:14:26.486
I'm grateful for our long
friendship and just the, the

00:14:26.486 --> 00:14:28.736
ability to, to work well together.

00:14:28.736 --> 00:14:31.526
You know, when you brought the team
out, I think it was the day after

00:14:31.616 --> 00:14:34.346
you closed and we, we sat down.

00:14:34.346 --> 00:14:36.956
I didn't know that you were
already soft closing me on.

00:14:37.826 --> 00:14:39.926
On, uh, working with you, you on this?

00:14:39.926 --> 00:14:42.686
I thought you were just trying to
get my, my thoughts on the website.

00:14:42.686 --> 00:14:47.036
Next thing I know, I'm wrangled into,
into helping you build this out into

00:14:47.036 --> 00:14:49.646
something that's gonna conquer the
world, but it's gonna be a lot of fun.

00:14:50.146 --> 00:14:52.016
.  Speaker 2: David, , you know,
I always close this with

00:14:52.526 --> 00:14:54.026
favorite letter from Orange.

00:14:54.506 --> 00:14:57.056
What's your favorite
letter from Orange and why?

00:14:57.446 --> 00:14:59.576
Speaker 3: You know, I have really.

00:15:01.001 --> 00:15:04.181
Two, but I'm gonna, I'm gonna narrow it
down to one, but I wanna say both of 'em.

00:15:04.181 --> 00:15:04.421
First.

00:15:04.421 --> 00:15:06.701
I like owner centric
and I like excellence.

00:15:07.211 --> 00:15:10.211
And I'm gonna, if, if I have to
pick one of those though, I'm

00:15:10.211 --> 00:15:11.321
gonna go with owner centric.

00:15:11.621 --> 00:15:15.641
And the reason I pick owner
centric, I believe if we take care

00:15:15.641 --> 00:15:21.101
of our owners, you, you have to
fulfill all of the other letters.

00:15:21.461 --> 00:15:24.461
You cannot do a good job
of any other letter without

00:15:24.461 --> 00:15:25.541
taking care of your homeowners.

00:15:25.541 --> 00:15:27.311
That's what everything hinges upon.

00:15:27.731 --> 00:15:28.631
Is the homeowner.

00:15:28.951 --> 00:15:34.321
When we treat our homeowners as if
our business depends on them, which

00:15:34.321 --> 00:15:36.571
it does, then we will be successful.

00:15:36.601 --> 00:15:36.811
Yeah.

00:15:37.321 --> 00:15:41.731
Esteban: And there is no initiative
that is more owner centric than this

00:15:42.121 --> 00:15:47.581
because truthfully, at the end of
the day, if we give our homeowners an

00:15:47.581 --> 00:15:50.345
unfair advantage over the competition

00:15:50.345 --> 00:15:52.355
is a game changer for them and for us.

00:15:53.088 --> 00:15:53.328
. Speaker 3: Yeah.

00:15:53.328 --> 00:15:56.868
You know, I know so many of the
franchisees already from Casa

00:15:56.868 --> 00:15:58.608
Cons and different conferences.

00:15:59.328 --> 00:16:06.468
What I would say is they do great
work and in a time where bookings

00:16:06.468 --> 00:16:09.468
have fallen a little bit over
the last year, for every property

00:16:09.468 --> 00:16:10.613
manager that I'm talking to almost.

00:16:12.733 --> 00:16:18.048
It, it sucks because it doesn't mean
that my friends are doing worse work,

00:16:18.108 --> 00:16:19.458
but they're the tip of the spear.

00:16:20.088 --> 00:16:24.018
They're the ones that are out there
talking to the homeowners, and the

00:16:24.018 --> 00:16:27.438
way I think of this is when you
have somebody that's doing great

00:16:27.438 --> 00:16:32.268
work, if I can help take that,
those conversations that are tough.

00:16:32.643 --> 00:16:37.443
And, and, and turn 'em around and, and
give them more bookings through this site.

00:16:37.503 --> 00:16:41.673
If I can help them actually deliver
better results for their homeowners

00:16:41.673 --> 00:16:45.153
and, and amplify the efforts of that,
that tough work that they're doing

00:16:45.153 --> 00:16:46.293
out there in the trenches out there.

00:16:46.293 --> 00:16:47.283
And I know it's hard work.

00:16:47.283 --> 00:16:50.553
I've been a property manager
before, if I can help amplify those

00:16:50.553 --> 00:16:54.393
efforts and my friends can then have
easier conversations with owners.

00:16:54.753 --> 00:16:56.643
And, and it doesn't mean they're easy.

00:16:56.673 --> 00:17:00.063
I said easier, easier conversations
with owners about what they're

00:17:00.063 --> 00:17:03.993
doing to market properties and the
advantages they have in this ecosystem.

00:17:04.443 --> 00:17:05.403
Then I've done my job.

00:17:05.453 --> 00:17:06.023
Speaker: It's the classic

00:17:10.928 --> 00:17:13.118
they don't call

00:17:17.573 --> 00:17:17.863
Casa.

00:17:18.728 --> 00:17:21.743
We got orange credo Casa cast our

00:17:23.243 --> 00:17:23.463
caa.