The FantasticStay Story
In 2013, FanstaticStay Owner & CEO Ivan Nikolov and his sister, Sibylle, made their first step on the path to property management business.
At that time, Sibylle was located in Paris and was struggling to bridge some financial gaps while climbing the ladder of becoming a successful corporate lawyer at Clifford Chance. She decided to experiment and list her incredible Parisian flat on the still-developing rental platform, Airbnb and very soon after, both were astonished by the results of her experiment and started thinking about creating a dedicated portfolio of rentals.
Back then, Ivan was having a record-breaking online and software business in Bulgaria, ranking him among the few entrepreneurs in Eastern Europe in Forbes’ “Bulgaria 30 Under 30” annual listing.
Ivan saw that their project was turning into a much bigger one that needed an efficient and professional setup of all basics, plus a top trained back office team to handle all requests.
Equipped with his extensive professional experience and excellent business contacts, Ivan took the next two years to optimize all processes and assemble a team of hospitality professionals to help him serve their guests. Implementing these changes and creating online in-house system enabled the steady growth of the business portfolio to more than 150 properties spread between London, Paris, and Rome! It was the sign that an in-house born solution holds the potential to become a global remedy, helping millions of Airbnb hosts around the world upscale further their business.
FantasticStay was launched in 2017 and since then, continues to learn, change and expand!
It was 2 years after this experiment when the seeded idea started growing into a real product – a small-scaled property management company, located in London. This was Ivan’s start off in the property management business, initially with one flat that quickly multiplied to 5 and as properties grew in number, so did his challenges with online management issues. Those ranged from the creation of listings to guest communication, calendar and pricing management, host availability for guests, plus the variety of problems hosting on Airbnb: parties, neighbors complaining about noise, refund requests.
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