Curious what your portfolio’s potential is? Apply for RPM at https://freewyldfoundry.com/rpm/. In this episode, Jasper Ribbers and Tom Sharkey discuss the latest updates in their podcast journey, the introduction of new team members, and the intricacies of revenue management in the short-term rental industry. They share insights on the importance of daily focus in revenue management, the evolving market trends, and strategies for optimizing bookings during low seasons. The conversation emphasizes the significance of understanding booking windows, pacing, and utilizing data to make informed decisions in a competitive landscape.TakeawaysJasper is committed to continuing the podcast for the foreseeable future.The team has expanded to manage over 600 listings.Revenue management requires daily focus and cannot be a side task.The short-term rental market is becoming increasingly competitive.Understanding booking windows is crucial for effective revenue management.Preparation for low seasons should start well in advance.Pacing helps gauge market demand and adjust strategies accordingly.Flexibility in minimum night stays can attract more bookings.Data-driven decisions are essential for optimizing revenue.The team is excited to serve clients and expand their services. Hosted on Acast. See acast.com/privacy for more information.

Curious what your portfolio’s potential is? Apply for RPM at https://freewyldfoundry.com/rpm/. In this episode of 'Get Paid for Your Pad', Jasper Ribbers discusses the latest features from Hostly with Fred Bassili and David Jacoby. They delve into the importance of upselling in the current flat market, exploring various upsell strategies and the potential revenue they can generate. The conversation highlights the integration of AI in property management, the significance of early check-ins and late check-outs, and unique upsell ideas that can enhance guest experiences. The episode concludes with practical advice on implementing upselling strategies effectively.TakeawaysHostfully has introduced new features including Inbox AI for messaging.AI can help save time in guest communication without fully automating responses.Upselling is crucial in a flat market to increase revenue.Many property managers plan to implement upsells but few actually do.Early check-in and late check-out are popular upsell options.Unique upsell ideas can significantly enhance guest experiences.Revenue from upsells can be a substantial part of overall income.It's important to vet local tour operators when offering experiences.Technology can streamline the upselling process for property managers.Start small with upselling strategies and expand as you learn. Hosted on Acast. See acast.com/privacy for more information.

Curious what your portfolio’s potential is? Apply for RPM at https://freewyldfoundry.com/rpm/. Sergio Castaneda, founder of Jungle House, shares his journey of growing his short-term rental business from 1 or 2 buildings to 19 units. He discusses the importance of systemizing and growing the team, focusing on the owner side of the business, and transitioning into commercial properties. Sergio also explains the concept behind the Jungle House brand, which revolves around his love for plants. He highlights the benefits of delegating tasks, such as plant maintenance, to local vendors. Sergio emphasizes the value of having a dedicated team and the impact it has on revenue management, including capturing extra guest fees and handling damage claims.TakeawaysSystemizing and growing the team are crucial for scaling a short-term rental business.Focusing on the owner side of the business can lead to increased control and profitability.Delegating tasks, such as plant maintenance, to local vendors can improve scalability.Capturing extra guest fees and handling damage claims can significantly impact revenue.Having a dedicated team allows for more opportunities and a better guest experience.Working with a revenue management expert can optimize pricing and improve overall performance. Hosted on Acast. See acast.com/privacy for more information.

Curious what your portfolio’s potential is? Apply for RPM at https://freewyldfoundry.com/rpm/. SummaryIn this conversation, Jasper Ribbers and Kaye Putnam continue their discussion on revenue management. They provide examples of the impact their service has had on clients' businesses, including significant improvements in revenue. They emphasize the importance of understanding the entire business and market dynamics when developing a pricing strategy. They also highlight the value of their service as a marketing and business acquisition tool, as it provides clients with data and reports to showcase their performance to owners and potential investors. They address common questions and misconceptions about revenue management and explain how their service can benefit hosts in seasonal markets.TakeawaysRevenue management can have a significant impact on short-term rental businesses, leading to improvements in revenue and profitability.Understanding the entire business and market dynamics is crucial when developing a pricing strategy.Revenue management can serve as a powerful marketing and business acquisition tool, as it provides data and reports to showcase performance to owners and potential investors.The service is particularly beneficial for owners and master leasers, as it allows them to increase their revenue and profitability.In seasonal markets, it is important to consider the booking window and adjust pricing strategies accordingly.Taking emotions out of pricing decisions and relying on data and market demand can lead to better results.The service is a win-win, as it brings value to the business and helps hosts save time and make more money. Hosted on Acast. See acast.com/privacy for more information.

Curious what your portfolio’s potential is? Apply for RPM at https://freewyldfoundry.com/rpm/. In this episode, Jasper Ribbers is interviewed by Kaye Putnam about RPM (Revenue and Pricing Management) service. They discuss the importance of revenue management for short-term rental operators and how it can significantly impact their bottom line. Jasper explains that RPM is a service where they take over the revenue management for clients, setting pricing parameters, developing strategies, and making adjustments based on market data. They also consult on other aspects of the business that impact revenue, such as marketing and messaging. Jasper shares success stories of clients who have seen significant improvements in their revenue after implementing RPM.TakeawaysRevenue management is crucial for short-term rental operators to maximize their revenue and profitability.RPM is a service that takes over revenue management for clients, setting pricing parameters and making adjustments based on market data.Every part of the business, from marketing to messaging to cleaning, impacts revenue and should be optimized.Operators with a larger portfolio can benefit from outsourcing revenue management to a service provider.RPM can lead to significant improvements in revenue, with some clients seeing a 40-43% increase.It's important to evaluate performance and compare it to the market to identify areas for improvement.RPM is not a one-size-fits-all solution, and each client's strategy is tailored to their specific portfolio and market.Operators below the million-dollar mark can still benefit from education and resources to improve their revenue management.Freewyld Foundry offers a snapshot analysis for operators interested in RPM to assess their performance and potential for improvement. Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes>>> Click here to download Jayla Siciliano, former Shark Tank entrepreneur, shares her experience on the show and the challenges she faced in building her wine company. She discusses the importance of staying focused and not spreading oneself too thin. Jayla also talks about her current business in the short-term rental industry and the challenges of managing multiple properties in different locations. She emphasizes the need for strong systems and processes and the importance of customer service in the hospitality business. Jayla Siciliano, founder of Atlas Vacation Rentals and host of the Seed Money podcast, shares her journey as an entrepreneur and offers insights into the short-term rental industry. She discusses her love for design and hospitality, and how she focuses on providing exceptional experiences for families and groups. Jayla emphasizes the importance of joining mastermind groups for support and guidance in the early stages of starting a business. She also provides advice on raising seed money and making decisions about funding options. Jayla's story highlights the significance of aligning your goals and values with your entrepreneurial pursuits.TakeawaysBuilding a business requires resilience and the ability to pivot when necessary.Staying focused and not spreading oneself too thin is crucial for success.Strong systems and processes are essential for managing multiple properties in the short-term rental industry.Customer service is a top priority in the hospitality business. Passion for design and hospitality can drive success in the short-term rental industry.Joining mastermind groups can provide valuable support and guidance for entrepreneurs.When raising seed money, consider your end goal and whether it aligns with the expectations of investors.Convertible notes and safe notes are simple and cost-effective options for raising friends and family rounds.Making decisions about funding should be based on your long-term vision and the needs of your business.Stepping away from a business requires deep reflection and the courage to prioritize your values and goals. Hosted on Acast. See acast.com/privacy for more information.

Apply for our revenue management service at https://freewyldfoundry.com/rpm/. Jairo Osorno, founder of Del Carmen Hospitality, shares his journey in the short rental business, from starting with a single unit to managing 51 listings. He discusses the challenges of the master leasing model, the impact of COVID-19, and the importance of revenue management. Jasper Ribbers, host of Get Paid for Your Pad, explores the evolution of the short rental industry and the strategies for success in the current market. The conversation covers revenue management strategies for short-term rental properties, focusing on pricing, booking windows, and operational optimization. It also delves into the importance of marketing, distribution, and the role of virtual assistants in property management. The discussion provides valuable insights for hosts and operators looking to maximize revenue and streamline operations in the short-term rental market.TakeawaysJairo Osorno's journey from a single unit to managing 51 listingsChallenges and changes in the short rental industry over the past decadeThe impact of COVID-19 on the master leasing model and revenue managementThe importance of operational support and family involvement in the businessStrategies for success in the current short rental market Short booking windows can lead to last-minute bookings at lower prices, impacting revenue.Changing pricing strategies and leveraging early bird promotions can drive bookings further in advance.Completing Airbnb listings with detailed information and optimizing categories can improve search visibility and conversion rates.In-house operations and standardized amenities can provide flexibility and efficiency in property management.Hiring virtual assistants with industry experience and attention to detail can support operational tasks and guest communication.Chapters00:00 The Journey of Del Carmen Hospitality: From Single Unit to 51 Listings04:45 Challenges and Changes in the Short Rental Industry11:29 Navigating Market Challenges: The Impact of COVID-19 and Revenue Management25:35 Maximizing Revenue in Short-Term Rentals: Pricing Strategies and Booking Windows35:37 Optimizing Operations and Marketing for Short-Term Rental Properties42:20 The Role of Virtual Assistants in Property Management Hosted on Acast. See acast.com/privacy for more information.

Apply for our revenue management service at https://freewyldfoundry.com/rpm/. In this conversation, Eric Moeller and Jasper Ribbers discuss the recent developments and updates related to Freewyld, including real estate, hospitality, revenue management, and the launch of Freewyld Foundry. They also delve into the importance of guest experience, brand identity, and the impact of revenue management on short-term rental businesses. The conversation delves into the importance of revenue management in the short-term rental industry, emphasizing the need for a dedicated focus on revenue management to drive business growth and profitability. It also highlights the impact of revenue management on property performance and the potential for significant revenue growth through strategic management. The conversation explores the role of revenue management in maximizing property revenue and the importance of aligning brand, story, and marketing with a robust revenue management strategy.TakeawaysThe success of Freewyld's real estate and hospitality operations, including the performance of current cabins and the development of phase two properties.The importance of guest experience and brand identity in creating a unique and memorable stay for guests.The significance of revenue management in optimizing short-term rental businesses and the launch of Freewyld Foundry to offer services in branding, marketing, and revenue management.The evolving landscape of short-term rentals and the need for a daily focus on revenue management to adapt to changing market dynamics. Revenue management is a critical aspect of the short-term rental industry, requiring dedicated focus and expertise for business success.A robust revenue management strategy can significantly impact property performance and drive substantial revenue growth.Aligning brand, story, and marketing with revenue management is essential for maximizing property revenue and achieving business success.Chapters00:00 The Evolution of FreeWyld: Real Estate and Hospitality Operations13:06 Crafting Unforgettable Guest Experiences: The Power of Brand Identity23:19 Adapting to Change: The Future of Short-Term Rental Businesses30:12 The Importance of Revenue Management47:14 Maximizing Property Revenue Through Strategic Management49:08 Aligning Brand and Marketing with Revenue Management Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes>>> Click here to download Vincent Niemeth, a safety expert in the short-term rental field, shares his insights on safety and liability in the industry. He emphasizes the importance of guest screening and provides tips on how to identify potentially risky guests. Vincent also discusses the need for proper maintenance and safety measures for amenities like pools and hot tubs. He highlights the significance of fire safety, including the use of smoke alarms and fire extinguishers. Vincent advises property owners to think proactively and consider potential hazards to ensure the safety of their guests.TakeawaysGuest screening is crucial for ensuring the safety of your property. Conduct thorough background checks and review social media profiles to identify potential risks.Maintaining amenities like pools and hot tubs is essential. Regular cleaning and water changes are necessary to prevent health hazards.Invest in safety measures like GFCI outlets, smoke alarms, and fire extinguishers to mitigate risks and ensure the safety of your guests.Consider potential hazards and take proactive steps to prevent accidents. This includes securing furniture, using non-slip materials, and installing safety devices.Always prioritize the safety of children and be aware of the risks associated with drugs and alcohol in your property.Before we wrap up today's episode, remember to connect with us on Instagram @getpaidforyourpad for exclusive content and behind-the-scenes moments, and don't forget to hit that 'Subscribe' button on our YouTube channel. We appreciate your support.. Stay tuned, and keep being awesome! Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes>>> Click here to downloadZach Leimaster, founder and CEO of Rent to Retirement, discusses how he helps people retire early with turnkey rentals. He explains that turnkey rentals involve identifying the best markets based on cashflow and building teams in those areas to offer investment properties. Leimaster emphasizes that anyone can get started investing in rental real estate, and it doesn't necessarily require a large amount of money. He shares his own journey of retiring early through real estate investing and highlights the importance of consistency and having a strategy. Leimaster also discusses the process of determining the best markets to invest in and the different types of rentals available.TakeawaysTurnkey rentals involve identifying the best markets for investment properties and building teams in those areas.Anyone can get started investing in rental real estate, regardless of their financial situation.Consistency and having a strategy are key to achieving financial independence and generational wealth through real estate investing.Determining the best markets to invest in involves factors such as cashflow, legislation, taxes, population growth, and economic diversity.Short-term rentals require attention to detail, marketing, and creating a unique guest experience to stand out in a competitive market. Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes>>> Click here to download Nick Libertin shares his experience of his short-term rental property burning down and the challenges he faced with insurance coverage. He emphasizes the importance of having the right insurance coverage and understanding the policy details. Nick also discusses the emotional and financial impact of the incident and offers advice for hosts to protect themselves.TakeawaysEnsure you have the right short-term rental insurance coverage with a business protection riderReview your insurance policy to understand the coverage and any caps or limitationsConsider additional coverage for loss of business revenue and excavation feesBe prepared for the emotional and financial impact of a property lossMaintain good documentation and evidence in case of a claimCommunicate with your mortgage company to discuss payment options during the rebuilding processBefore we wrap up today's episode, remember to connect with us on Instagram @getpaidforyourpad for exclusive content and behind-the-scenes moments, and don't forget to hit that 'Subscribe' button on our YouTube channel. We appreciate your support.. Stay tuned, and keep being awesome!   Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes>>> Click here to download Kenny Bedwell, founder and CEO of SDR Insights, shares his expertise on analyzing short-term rental properties. He emphasizes the importance of understanding the market revenue drivers and studying the data to identify the key factors that drive revenue in a specific market. Kenny recommends evaluating properties based on a range of potential revenue, rather than a single number, to account for different scenarios. He also advises investors to look in the right markets, evaluate enough properties, and have a consistent deal flow to find profitable short-term rental deals.TakeawaysUnderstand the market revenue drivers and study the data to identify the key factors that drive revenue in a specific market. Evaluate properties based on a range of potential revenue, rather than a single number, to account for different scenarios. Look in the right markets, evaluate enough properties, and have a consistent deal flow to find profitable short-term rental deals.Before we wrap up today's episode, remember to connect with us on Instagram @getpaidforyourpad for exclusive content and behind-the-scenes moments, and don't forget to hit that 'Subscribe' button on our YouTube channel. We appreciate your support.. Stay tuned, and keep being awesome!Chapters00:00 Introduction and Background06:11 Analyzing Properties: Gross Revenue and Gross ROI11:46 Cash Flow vs. ROI Percentage29:26 Final Thoughts and Conclusion Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes>>> Click here to download In this episode, Jasper Ribbers interviews Mike Savage, the founder of Synergy Stays, about revenue management in the short-term rental industry. They discuss the importance of revenue management and how it has evolved over the years. Mike shares his personal experience with revenue management and the strategies he has implemented to maximize his revenue. They also emphasize the need to think beyond pricing and consider other factors like operations, distribution, and marketing. The conversation highlights the role of pricing tools and the importance of creating incentives to attract bookings.TakeawaysRevenue management is more than just pricing; it involves optimizing all aspects of the business to maximize revenue.Thinking like a revenue manager and being strategic in creating incentives and promotions can help attract bookings and increase revenue.Pricing tools are valuable for analyzing the market and making real-time adjustments, but they should be used in conjunction with a revenue management strategy.Considering factors like operations, distribution, and marketing is essential for effective revenue management.Systematizing revenue management processes can help scale the strategy and make it easier to replicate.Before we wrap up today's episode, remember to connect with us on Instagram @getpaidforyourpad for exclusive content and behind-the-scenes moments, and don't forget to hit that 'Subscribe' button on our YouTube channel. We appreciate your support.. Stay tuned, and keep being awesome!Chapters00:00 Introduction and Background06:46 The Importance of Operations, Distribution, and Marketing13:15 Creating Incentives and Promotions to Maximize Bookings27:11 Conclusion and Contact Information Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes>>> Click here to downloadZiona McIntyre, author of '30-Day Stay: A Real Estate Investor's Guide to Mastering the Medium-Term Rental', discusses strategies for finding and managing mid-term rentals. She highlights the importance of considering tax benefits and regulations when investing in properties for mid-term rentals. McIntyre suggests using platforms like Furnish Finder, Airbnb, and Zillow to list mid-term rentals. She also mentions the potential for partnerships with insurance companies and placement agencies to attract tenants. McIntyre emphasizes the need for professional and well-designed properties in the mid-term rental market. She also mentions the option of offering additional services like car rentals through platforms like Turo.TakeawaysConsider tax benefits and regulations when investing in mid-term rentalsUse platforms like Furnish Finder, Airbnb, and Zillow to list mid-term rentalsExplore partnerships with insurance companies and placement agenciesFocus on professional and well-designed properties in the mid-term rental marketConsider offering additional services like car rentals through platforms like TuroBefore we wrap up today's episode, remember to connect with us on Instagram @getpaidforyourpad for exclusive content and behind-the-scenes moments, and don't forget to hit that 'Subscribe' button on our YouTube channel. We appreciate your support.. Stay tuned, and keep being awesome!Chapters00:00 Introduction to Mid-Term Rentals09:55 Partnerships with Insurance Companies and Placement Agencies26:56 Exploring Additional Services for Mid-Term Rentals Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes>>> Click here to download In this episode, Jasper Ribbers interviews Arthur Colker, the founder of Stay-fi, a guest Wi-Fi marketing tool. They discuss how short-term rental operators can collect guest email addresses and market to them to encourage direct bookings. They cover topics such as the importance of guest data collection, the tools available in Stafi for email and text marketing, and the benefits of reducing dependence on OTAs. They also provide tips on what kind of emails to send to guests and discuss an upcoming training event on direct bookings.TakeawaysStay-fi is a guest Wi-Fi marketing tool that helps short-term rental operators collect valuable marketing data from every guest staying with them.By collecting guest email addresses, operators can introduce their brand to every person staying in their property and market to them for future direct bookings.Email marketing can be used to inform guests about availability, local events and activities, new properties, and last-minute cancellations.Operators can leverage direct bookings to fill calendar gaps and offer reduced rates to past guests while maintaining higher prices on OTAs.The upcoming training event, 'Shaping the Future of Direct Bookings,' will cover website optimization, email marketing, SEO, and data collection strategies.Before we wrap up today's episode, remember to connect with us on Instagram @getpaidforyourpad for exclusive content and behind-the-scenes moments, and don't forget to hit that 'Subscribe' button on our YouTube channel. We appreciate your support.. Stay tuned, and keep being awesome!Chapters00:00 Introduction and Overview of Stay-fi03:09 Guest Data Collection and Brand Introduction04:26 Using Email and Text Marketing for Return Bookings06:49 Reducing Dependence on OTAs and Increasing Occupancy11:46 Content Creation and Engaging Guests Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes>>> Click here to download In this episode, Jasper Ribbers interviews Dave Krauss, the co-founder of Rent Responsibly, an organization that supports the short-term rental industry. They discuss the importance of creating alliances and advocating for balanced regulations in the industry. They also highlight the need for education and research to inform policy decisions. Dave introduces the State of the Short-Term Rental Industry Survey, which aims to gather data from hosts and local government officials to shape the future of the industry. They encourage listeners to participate in the survey and get involved with local alliances to have their voices heard.TakeawaysCreating alliances and advocating for balanced regulations is crucial for the short-term rental industry.Education and research are essential to inform policy decisions and correct misconceptions about the industry.The State of the Short-Term Rental Industry Survey provides an opportunity for hosts and local government officials to contribute to shaping the future of the industry.Getting involved with local alliances can provide benefits such as education, networking, and advocacy support.Before we wrap up today's episode, remember to connect with us on Instagram @getpaidforyourpad for exclusive content and behind-the-scenes moments, and don't forget to hit that 'Subscribe' button on our YouTube channel. We appreciate your support.. Stay tuned, and keep being awesome!  Chapters00:00 Introduction and Updates01:09 Introduction to Rent Responsibly06:16 Balancing Regulations and Encouraging Responsible Hosting08:27 The Shift in Travel Trends and the Need for Regulations11:18 The Evolution of Short-Term Rental Regulations14:06 The State of the Short-Term Rental Industry Survey29:37 Conclusion and Call to Action Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes>>> Click here to download  Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes>>> Click here to download In this episode, Jasper Ribbers interviews Jordan Locke, the founder of RevParty Consulting, about revenue management strategies for short-term rentals. They discuss the importance of revenue management, understanding guest avatars, pricing strategies for special events, adjusting pricing for high-demand dates, and utilizing OTA promotions. They also cover practical tips for increasing revenue and the importance of scheduling time for revenue management. Jordan provides his contact information for those interested in learning more about his services.TakeawaysRevenue management is the practice of maximizing revenue by constantly improving how much money you make.Understanding guest avatars and their preferences can help you tailor your pricing strategy and attract the right guests.Utilizing OTA promotions can increase visibility and attract more bookings.Setting minimum night stays can help optimize your calendar and prevent undesirable bookings.Scheduling dedicated time for revenue management is crucial for monitoring pricing, adjusting strategies, and staying on top of market trends.Chapters00:00 Introduction to Revenue Management01:19 Background and Experience in Revenue Management04:29 2024 Revenue Trends06:13 Pricing Strategies for Special Events09:48 Adjusting Pricing Strategy for High Demand Dates12:56 Factors Influencing Booking Behavior14:49 Getting Started with Revenue Management15:40 Understanding Guest Avatars and Pricing22:18 Optimizing Minimum Night Stays25:41 Scheduling Time for Revenue Management28:53 Understanding Pacing30:39 Practical Tips for Increasing Revenue32:49 Contact Information33:35 ConclusionBefore we wrap up today's episode, remember to connect with us on Instagram @getpaidforyourpad for exclusive content and behind-the-scenes moments, and don't forget to hit that 'Subscribe' button on our YouTube channel. We appreciate your support.. Stay tuned, and keep being awesome!   Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes>>> Click here to download In this episode, Jasper Ribbers interviews Jordan Locke, the founder of RevParty Consulting, about revenue management strategies for short-term rentals. They discuss the importance of revenue management, understanding guest avatars, pricing strategies for special events, adjusting pricing for high-demand dates, and utilizing OTA promotions. They also cover practical tips for increasing revenue and the importance of scheduling time for revenue management. Jordan provides his contact information for those interested in learning more about his services.TakeawaysRevenue management is the practice of maximizing revenue by constantly improving how much money you make.Understanding guest avatars and their preferences can help you tailor your pricing strategy and attract the right guests.Utilizing OTA promotions can increase visibility and attract more bookings.Setting minimum night stays can help optimize your calendar and prevent undesirable bookings.Scheduling dedicated time for revenue management is crucial for monitoring pricing, adjusting strategies, and staying on top of market trends.Chapters00:00 Introduction to Revenue Management01:19 Background and Experience in Revenue Management04:29 2024 Revenue Trends06:13 Pricing Strategies for Special Events09:48 Adjusting Pricing Strategy for High Demand Dates12:56 Factors Influencing Booking Behavior14:49 Getting Started with Revenue Management15:40 Understanding Guest Avatars and Pricing22:18 Optimizing Minimum Night Stays25:41 Scheduling Time for Revenue Management28:53 Understanding Pacing30:39 Practical Tips for Increasing Revenue32:49 Contact Information33:35 ConclusionBefore we wrap up today's episode, remember to connect with us on Instagram @getpaidforyourpad for exclusive content and behind-the-scenes moments, and don't forget to hit that 'Subscribe' button on our YouTube channel. We appreciate your support.. Stay tuned, and keep being awesome!   Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes>>> Click here to downloadIn this episode, Jasper Ribbers interviews Steven Suarez, the founder of Argest Rentals, about his experiences in property management and the challenges he faced in scaling his business. They discuss the importance of building strong relationships with virtual assistants, navigating partnerships and breakups, and the art of renegotiating in business. Steven shares valuable insights and lessons learned from his journey, emphasizing the need for clear communication, restructuring, and perseverance in the face of adversity.TakeawaysBuilding strong relationships with virtual assistants is crucial for success in property management.Navigating partnerships requires clear communication and setting expectations from the beginning.Scaling back and reevaluating properties and clients is essential for long-term growth.Managing stress and emotions is important for staying focused and making sound business decisions.Appreciating and supporting virtual assistants fosters loyalty and improves team morale.The art of renegotiating is a valuable skill in business and can help navigate challenging situations.Chapters00:00 Introduction and Catching Up02:22 The Rum and Coke Story08:07 Challenges and Lessons Learned in Property Management14:07 Navigating Partnerships and Breakups19:23 Scaling Back to Scale Up23:41 Managing Stress and Emotions27:41 Building Strong Relationships with Virtual Assistants30:11 The Importance of Appreciating and Supporting Virtual Assistants35:00 The Art of Renegotiating in Business37:51 Where to Find Steven Suarez Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes>>> Click here to downloadIn today's episode of Get Paid for Your Pad, I had the pleasure to talk to Heather Loduca & Erin Donnelly, the founders of Pink Wall Designs, straight out of Canada. They are not only seasoned in interior design for short-term rentals and boutique hotels but also investors themselves, owning properties that stand as testaments to their expertise. The focus of our conversation revolved around the critical importance of interior design in the increasingly competitive Airbnb and short-term rental market. Design, as we explored, isn't just about aesthetics; it's crucial for marketing, creating memorable guest experiences, and ensuring your property stands out in a sea of options.Aaron and Heather shared insights on making properties Instagrammable, leveraging social media for direct bookings, and the significance of targeting your design to appeal to your ideal guest avatar. They emphasized the power of experiential design, suggesting features like selfie walls and thematic decor that resonate with your target audience and encourage social sharing. The conversation also delved into the strategic use of platforms like TikTok for market research and promotion, highlighting the platform's effectiveness in reaching potential guests quickly.Moreover, Aaron and Heather offered advice on collaborating with local businesses and influencers to enhance guest experiences and market your property more effectively. They underscored the importance of continually updating and refreshing your property's design to keep up with trends and guest expectations.For those interested in learning more about their work or seeking their services, Aaron and Heather can be found on Instagram at @PinkWallDesigns and TikTok under the same handle. They also have a website, Pink Wall Designs, Inc., for further information and contact details.This episode is a reminder that in the world of short-term rentals, creating an experience, not just a place to stay, is key to success. Designing with intention and focusing on the guest experience can set your property apart and ensure its success in the competitive market of 2024 and beyond. Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes>>> Click here to downloadIn today's insightful episode of "Get Paid for Your Pad," I had the distinct pleasure of discussing the evolving landscape of the short-term rental industry with Zohar and Eran Lotem, the dynamic sibling duo behind 5 Star STR. Their journey from various entrepreneurial ventures to leaders in the short-term rental space is not just a business story; it's a narrative of resilience, adaptability, and a deep understanding of what it takes to create exceptional guest experiences.Zohar and Eran, seasoned entrepreneurs, have a rich history of ventures spanning from retail operations across notable locations such as the Las Vegas Strip, California, Hawaii, and the Virgin Islands to unique forays into the fashion and CBD cosmetics industry. The transition to short-term rentals post-2016 marked a significant turn in their careers, especially following a life-altering accident in 2020 that Eran endured. This incident led them to establish the first accessible Airbnb short-term rental home in Las Vegas, a reflection of their dedication to inclusivity and adaptability.Their company, 5 Star STR, has seen remarkable growth, expanding its portfolio from four to 20 properties within a year. They specialize in managing high-end properties, catering to a premium segment of the market. What sets 5 Star STR apart is its dual approach to management: offering premium full-service and online service, each designed to deliver an unparalleled level of excellence to property owners and guests alike.During our conversation, Zohar and Eran shared their unique insights into the operational and strategic aspects of running a successful short-term rental business. They emphasized the importance of safety and meticulous maintenance in their properties, citing examples of unexpected safety hazards they have encountered and addressed in their properties. This level of attention to detail not only ensures guest safety but also reflects their commitment to providing a secure and comfortable stay.The discussion also delved into the challenges and opportunities unique to the short-term rental industry. The Lotem brothers highlighted the role of advanced technologies and property management systems in streamlining operations and reducing the need for extensive manpower. They contrasted their current business model with their past ventures, noting the shift from a pure revenue focus to creating value and memorable experiences for guests and property owners.A key topic of our conversation was their innovative approach to creating unique guest experiences. Zohar and Eran are exploring ways to differentiate their properties through high-quality, luxury furniture and unique features like custom wall prints from a vertical printer. This strategy aims to offer guests something more than just accommodation—it's about creating unforgettable experiences that resonate on a personal level.Zohar and Eran are also strong advocates for collaboration within the industry. They believe in joining forces with other industry players to acquire unique items for their properties, enhancing the overall guest experience and staying competitive in the market. This collaborative spirit is evident in their invitation to others in the industry to connect through their website, 5starstr.com, for potential partnerships and collaborations. Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes>>> Click here to downloadIn this episode of "Get Paid for Your Pad," I, Jasper Ribbers, engage in an insightful conversation with Madison Rivkin, founder of Mount. We delve into the concept of Mount, a platform revolutionizing the guest experience in short-term rentals. Focusing on how travelers book experiences, Mount connects local businesses offering diverse activities like brewery tours or rafting trips, making them easily discoverable online.Madison explains that Mount allows hosts and property managers to curate and offer a personalized list of experiences through their platform, enhancing guest satisfaction. For instance, a host in New York City could recommend an underground foodie tour in Chinatown or a donut tour in West Village. Each host creates a mini marketplace with a unique URL, which they can share with guests through various means, including QR codes in properties. This not only elevates the guest experience but also enables hosts to earn a commission.I discuss with Madison the distinctiveness of Mount compared to other platforms like Airbnb Experiences and Viator. Mount’s unique selling point is its emphasis on personalization, making it appear as if the recommendations are directly from the host, unlike the more generalized offerings on Airbnb and Viator. Madison also highlights how Mount caters to off-the-beaten-path, local experiences, avoiding the 'tourist trap' feel of mainstream platforms.We explore the flexibility of Mount, discussing how hosts with unique local knowledge or resources, like hidden hikes or boats, can create their own experiences. Madison shares that Mount integrates with various property management systems (PMS) and guidebooks, simplifying the process for hosts to incorporate these experiences into their offerings.Delving into Mount’s future goals, Madison mentions their ambition to embed experiences directly into digital guidebooks and to expand their eco-friendly mission, aiming to reduce tourist waste and promote sustainable tourism practices. Mount encourages the use of local resources and experiences, aligning with the trend of experiential travel, particularly popular among younger generations seeking unique, Instagram-worthy activities.Madison's journey, from founding Mount as a bike lock company at age 12 to its evolution into a travel experience facilitator, is both fascinating and inspiring. She emphasizes the importance of adapting to market needs and leveraging personal experiences to enhance their platform.For those interested in using Mount, the sign-up process is straightforward. Hosts can register on rentmount.com, create their mini marketplace, and start offering personalized local experiences to their guests. This integration of unique local experiences not only enhances guest stays but also helps hosts distinguish their offerings in a crowded market.Before we wrap up today's episode, remember to connect with us on Instagram @getpaidforyourpad for exclusive content and behind-the-scenes moments, and don't forget to hit that 'Subscribe' button on our YouTube channel. We appreciate your support.. Stay tuned, and keep being awesome! Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes>>> Click here to downloadIn this episode of "Get Paid for Your Pad," I welcomed Connor Paton, CEO and founder of Noshable, to discuss his innovative company that's enhancing the Airbnb experience. Noshable's service allows guests to pre-order groceries and have them ready in their Airbnb rental upon arrival. This service tackles a common inconvenience for travelers: arriving at a rental with no basic necessities like food and water.Connor shared the journey behind Noshable. The idea stemmed from personal experiences of inconvenience when arriving at unfamiliar destinations and the time-consuming process of grocery shopping. This led to the development of a platform where guests could effortlessly have their groceries delivered and stocked before they arrive. Connor’s background in property management and prop tech, including his time at Realpha, played a crucial role in realizing the need for such a service.The process with Noshable is integrated into the Airbnb booking experience. Guests receive a link to pre-order groceries from a selection of over 20 major retail grocery stores, with the ability to order up to a year in advance. This integration ensures a seamless and hassle-free experience for both guests and property managers.Noshable is in its early stages, having recently completed beta testing in several states. Connor discussed the technical and operational aspects of Noshable, including their focus on standardizing operations to ensure consistency across locations. The company aims to expand to more areas, currently active in markets with Walmart, Kroger, and affiliate stores.For property managers, Noshable presents a cost-effective and potentially profitable solution. The platform is free for property managers, with a share of the markup on groceries and the ability to set their own delivery fees. This model provides an additional revenue stream and enhances service offerings.Connor emphasized the importance of removing friction in hospitality, drawing inspiration from companies like Disney. Noshable’s service addresses the basic needs of food and accommodation, enhancing the vacation experience from the moment guests arrive.Further discussing future developments, Connor mentioned plans to integrate with property management systems, introduce an AI shopper for efficient grocery ordering, facilitate group orders, and expand to restaurant partnerships for dining experiences. These features aim to streamline the ordering process and expand the scope of services offered by Noshable.For more information, Connor directed listeners to the Noshable website, shopnoshable.com, and offered his contact for inquiries and collaborations via email ([email protected]) or LinkedIn.Before we wrap up today's episode, remember to connect with us on Instagram @getpaidforyourpad for exclusive content and behind-the-scenes moments, and don't forget to hit that 'Subscribe' button on our YouTube channel. We appreciate your support.. Stay tuned, and keep being awesome!   Hosted on Acast. See acast.com/privacy for more information.

*** FREE REVENUE MANAGEMENT TRAINING***DATE: TUESDAY DECEMBER 12TH 1PM PST / 4PM ESTSIGN UP AT: https://www.getpaidforyourpad.com/webinar Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes>>> Click here to downloadIn this episode of "Get Paid for Your Pad," I had the privilege to host Mark Simpson, founder of Boostly, for an early morning discussion. Mark, known for his impact in the short-term rental space, shares insights from recent industry conferences, including the Bigger Pockets Conference, VRMA, and HostCon. He highlights the growing influence of Google in the vacation rental sector and its move to become the top meta search platform with Google Vacation Rentals. This shift is changing how travelers search and book accommodations, making them more price-savvy and driving the need for hosts to diversify their marketing strategies.Mark discusses the importance of understanding big players like Google, Airbnb, and Expedia, and how they're targeting growth in different continents. He emphasizes the need for hosts to have a diverse marketing presence, leveraging various channels to increase visibility. Mark also delves into the rising significance of short-form videos in influencing travelers' decisions, noting platforms like YouTube Shorts and TikTok as key drivers.Another significant topic we cover is working with influencers. Mark advises on the importance of establishing clear contracts and expectations with influencers. He suggests using platforms like Stay MO to connect with influencers and negotiate deliverables like Instagram stories, posts, and drone shots. The key, Mark notes, is engagement and relevance to your target market.Lastly, Mark talks about his latest endeavor – a documentary featuring two hosts over a year, highlighting their growth and lessons learned. This documentary, aiming to resemble a Netflix-style presentation, is set for a release on the Boosly YouTube channel with a live watch party.For those interested in direct bookings and leveraging Boostly's services, Mark mentions a special discount for listeners who mention "Get Paid for Your Pad" when booking a call with Boostly.Before we wrap up today's episode, remember to connect with us on Instagram @getpaidforyourpad for exclusive content and behind-the-scenes moments, and don't forget to hit that 'Subscribe' button on our YouTube channel. We appreciate your support.. Stay tuned, and keep being awesome!   Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes>>> Click here to downloadIn this episode of "Get Paid For Your Pad," I had the pleasure of chatting with Brooke Pfautz, the founder of Ventori and Comparent, a vacation rental management platform. We delved into some exciting topics, so let's get started.Brooke kicked things off by discussing his book, "Vacation Rental Secrets," which is packed with insights from industry experts. One common theme throughout the book is the importance of avoiding quick fixes when facing challenges. Brooke emphasized that mistakes often arise from the desire to find a quick solution instead of the right one.One major challenge discussed was hiring the right talent for vacation rental management. Brooke stressed the significance of vetting potential hires upfront and using tools like predictive personality assessments from predictiveindex.com. These tools reveal the true personality of candidates, not just their interview personas, helping in making the right hiring choices.We also dived into Brooke's latest venture, Comparent, a platform connecting vacation rental homeowners with professional vacation rental managers. Comparent aims to provide transparency and help homeowners make informed decisions about property management. Property managers can claim their listings for free, and in the future, it will serve as a valuable resource for property managers and homeowners alike.During our conversation, Brooke highlighted the potential for property managers to use Comparent to demonstrate their credibility to homeowners. By showcasing their high ratings and reviews, property managers can gain an edge in a competitive market.Brooke's passion for elevating the vacation rental industry is evident, and Comparent is poised to be a game-changer. If you're in the vacation rental management business, it's worth exploring the platform at comparent.com.Before we wrap up today's episode, remember to connect with us on Instagram @getpaidforyourpad for exclusive content and behind-the-scenes moments, and don't forget to hit that 'Subscribe' button on our YouTube channel. We appreciate your support.. Stay tuned, and keep being awesome! Hosted on Acast. See acast.com/privacy for more information.

*** Save over $7,500 and sign up for our Black Friday Bundle at https://getpaidforyourpad.com/blackfriday. Hosted on Acast. See acast.com/privacy for more information.

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>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes>>> Click here to downloadIn today's celebratory episode of "Get Paid for Your Pad," I had the privilege of speaking with my business partner, Eric Moeller, as we marked the momentous occasion of our 600th episode. Our conversation delved into the evolution of the hospitality industry and how it relates to the short-term rental space, inspired by the concept of 'unreasonable hospitality.Eric shared insights from the book "Unreasonable Hospitality" by Will Gierda, which emphasizes going above and beyond in guest experiences.This approach is not just about the service or the property, but about creating a profound human connection with guests. We discussed how this philosophy is now a core value of Free Wild, our venture, aiming to provide an exceptional hospitality experience that leaves guests in awe.We reflected on the journey of Airbnb and the short-term rental industry. Initially, the novelty of staying in unique properties was enough to captivate guests. However, as the industry has matured, there's been a shift towards creating memorable experiences, not just providing a place to stay. This evolution mirrors society's broader trends, where experiences are increasingly valued over mere transactions.Eric noted that in today's digital age, people are more aware of the possibility of exceptional stays, as seen on platforms like TikTok and Instagram. This awareness drives a demand for more than just standard accommodations. To meet this demand, we must focus on creating experiences that resonate with guests, offering them stories to share and memories to cherish.We also touched on how this philosophy could be implemented in short-term rentals, balancing the efficiency of automated systems with the personal touch of exceptional hospitality. Eric shared examples of how small, thoughtful gestures, like providing fresh water or adjusting the temperature to a guest's preference, can significantly enhance the guest experience.Finally, we discussed the future of short-term rentals and how leading with hospitality is crucial for success. The industry is shifting, with more unique, branded properties emerging, indicating a move towards prioritizing exceptional guest experiences. This shift is essential for creating sustainably successful rental businesses.In conclusion, this episode highlighted the importance of 'unreasonable hospitality' in transforming the short-term rental industry. By focusing on creating unique, memorable experiences, we can elevate the standard of hospitality and ensure guests have stories worth sharing. As we celebrate this milestone episode, we look forward to continuing these valuable discussions and exploring new ideas in future episodes.Before we wrap up today's episode, remember to connect with us on Instagram @getpaidforyourpad for exclusive content and behind-the-scenes moments, and don't forget to hit that 'Subscribe' button on our YouTube channel. We appreciate your support.. Stay tuned, and keep being awesome! Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes>>> Click here to downloadIn this episode of "Get Paid for Your Pad," I had the pleasure of welcoming back Derrick Barker, a returning guest and one of the founders of Nectar. Derrick, who boasts a diverse background in finance, football, and entrepreneurship, shared his journey from starting his first business at Harvard to becoming a real estate mogul with over $450 million in assets. He detailed his experience at Goldman Sachs as a bond trader and how he, alongside his wife and business partner Brittany, successfully managed a portfolio of 125 short-term rentals and over 4,500 apartment units.The focus of our discussion was Nectar, a company Derrick co-founded that provides working capital loans to professional real estate owners and operators. He explained how Nectar works with existing mortgages to offer flexible loans for various purposes, emphasizing their non-traditional approach of lending against net cash flow rather than the traditional mortgage model.Derrick shared insights into the current economic landscape, particularly the impact of rising interest rates on real estate and asset values. He explained the intricacies of how higher interest rates lead to decreased asset prices and discussed historical economic patterns, including recessions and the Federal Reserve's role in them. Derrick opined that the recent halt in rate hikes by the Fed doesn't necessarily signal an immediate economic upturn and that a typical recession might follow within about ten months of such actions.We delved into the challenges and opportunities in the current lending climate, with Derrick highlighting Nectar's role in providing liquidity to real estate owners in this environment. He also touched on the potential for buying opportunities during economic downturns, encouraging listeners to be prepared with liquidity to capitalize on such situations.Towards the end of our conversation, Derrick outlined the process for obtaining a loan from Nectar, emphasizing their focus on evaluating the actual cash flows and financial health of potential borrowers. He concluded by offering VIP treatment to listeners of "Get Paid for Your Pad" who reach out to Nectar for their lending needs, ensuring a speedy and favorable loan process.Overall, this episode provided valuable insights into the world of real estate financing and the broader economic landscape, offering listeners practical advice on navigating these challenging times.Before we wrap up today's episode, remember to connect with us on Instagram @getpaidforyourpad for exclusive content and behind-the-scenes moments, and don't forget to hit that 'Subscribe' button on our YouTube channel. We appreciate your support.. Stay tuned, and keep being awesome! Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes>>> Click here to downloadIn this episode of "Get Paid For Your Pad," I had the privilege of chatting with Steve from BetterTalent. We delved into some crucial topics related to hiring and team building in the short-term rental industry. Here's a concise summary of our enlightening conversation:Steve began by stressing the importance of hiring the right talent. He emphasized that taking your time to find the perfect fit for your team is crucial, even though it might seem challenging and time-consuming. Rushing into hiring decisions can lead to costly mistakes down the road.We discussed various roles that are vital for short-term rental hosts, including bookkeepers, virtual assistants, and operations managers. Steve highlighted the benefits of outsourcing roles like guest communications and revenue management to experts or specialized companies, especially in the early stages of your business. One key point Steve raised was the significance of revenue management. He shared insights into the complexities of managing rental rates in the short-term rental market, emphasizing the need for experienced professionals or outsourcing this task to experts who understand the nuances of the industry.We touched upon the concept of hiring in-house revenue managers and when it becomes economically viable. Steve recommended considering this step when your business manages a substantial number of properties, typically around a hundred or more.Steve also shared his insights into the challenges of hiring and retaining top talent in the short-term rental industry. He cautioned against making hasty decisions, such as offering stock options or partnering with the wrong individuals. He suggested that hiring slow and firing fast, when necessary, is a more prudent approach.For those interested in exploring opportunities in the short-term rental job market, Steve mentioned that BetterTalent offers a valuable weekly newsletter that features job listings from various companies in the industry. It's a great way to stay informed about job opportunities and industry trends.To learn more about BetterTalent and connect with Steve, visit their website at bettertalent.com. You can also reach out to Steve directly via email at [email protected]. Additionally, he welcomes connections on LinkedIn, where he actively engages with industry professionals and shares valuable insights.In conclusion, our conversation with Steve shed light on the critical aspects of hiring and team building in the short-term rental industry. Taking your time to find the right talent, outsourcing wisely, and understanding the intricacies of revenue management are all essential elements for success in this dynamic field. Don't forget to check out BetterTalent's newsletter and connect with Steve to stay updated on job opportunities and industry knowledge. Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes>>> Click here to downloadIn today's episode of Get Paid for Your Pad, we had a fantastic conversation with Moira Sedgwick and David Curtis about their experiences and key takeaways from the VRMA conference. Moira runs A Chalet Collective and can be found on Instagram at @achalet.collective, specializing in hosting and designing vacation rental properties. Meanwhile, David Curtis operates We Host Canada, which you can discover on Instagram at @w.e.host and their website, wehostcanada.ca. They offer short-term rental management and property maintenance services.Throughout the episode, Moira and David shared valuable insights from the VRMA conference. We discussed the significance of providing an exceptional guest experience, the growing impact of AI tools on the industry, and the emergence of travel insurance options for hosts. Additionally, we delved into the challenges posed by hotel lobbyists in some markets and the need for advocacy within the vacation rental community.The episode emphasized the importance of being well-prepared for conferences like VRMA, managing your energy effectively, and making intentional connections with other industry professionals. We also touched upon the value of participating in panel discussions and how it can boost your credibility as an industry expert, ultimately benefiting your business.For those interested in learning more about Moira and David's businesses, you can visit their respective websites and social media profiles. Don't forget to follow Get Paid for Your Pad for more insightful discussions and expert insights in the vacation rental and property management industry. Stay tuned for our next episode! Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes>>> Click here to downloadIn this episode of "Get Paid For Your Pad," I had the opportunity to delve into a fascinating conversation with Kelvin Mah from Rankbreeze. We discussed a range of critical topics related to Airbnb listings and how they impact your ranking on the platform.First off, we talked about the importance of having high-quality photos for your Airbnb listing. According to Kelvin's research, it's advisable to aim for at least 31 appealing photos in your listing. Properties with 30 to 60 photos tend to rank higher, and this could be due to the visual appeal and the opportunities for showcasing the property and its surroundings.Next, we explored whether it's better to have a strict or flexible cancellation policy. Surprisingly, Kelvin's data revealed that having a strict cancellation policy doesn't necessarily hinder your ranking. In fact, many top-ranking properties had such policies. It's important to remember that correlation doesn't always imply causation, so there might be other factors at play.We also discussed optimal check-in and check-out times for Airbnb listings. While 3 or 4 pm check-ins and 10 or 11 am check-outs are common, top-ranking properties often had later check-in times (4 pm) and earlier check-out times (10 am). This provides some leverage for hosts to offer early check-ins as a bonus to guests.One of the most surprising findings was related to allowing pets in your Airbnb listing. Contrary to what you might expect, properties that didn't allow pets tended to rank higher, especially on the top pages. This might be due to cleanliness concerns associated with pet-friendly properties.Throughout the conversation, we emphasized the importance of interpreting the data critically. While data is valuable, it's crucial to consider various factors and not jump to conclusions. Correlation doesn't always equal causation, and many elements can affect your Airbnb ranking.For more in-depth insights and details, be sure to check out the full episode of "Get Paid For Your Pad" with Kelvin Mah from Rankbreeze. You can find the episode on their website or on various podcast platforms. Additionally, don't forget to follow them on social media for updates and promotions related to their research and services.Overall, this episode provided valuable insights into Airbnb listing strategies and how they can impact your property's visibility and ranking. It's always essential to stay informed and adapt your approach to maximize your success as an Airbnb host. Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay Hosted on Acast. See acast.com/privacy for more information.

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>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes>>> Click here to download >>> Access the exciting features PriceLabs has to offer>>> Click here to start your 30-day free trialUse code: GPFYP and get $10 off your first month**In today's episode of "Get Paid for Your Pad," I had the opportunity to chat with Becca Madigan from PriceLabs, a dynamic pricing tool for short-term rental hosts. Becca shared some valuable insights and updates regarding PriceLabs, which I found both informative and practical for anyone involved in the short-term rental business.One of the key takeaways from our conversation was the importance of not over-customizing your pricing strategy. Becca emphasized that many hosts make the mistake of turning on various customizations without fully understanding the data behind them. Instead, she suggested that it's often best to leave pricing at default settings, making adjustments only when you have a deep understanding of your market and data.We also discussed the significance of comp sets, or competitive sets, in dynamic pricing. Becca explained that PriceLabs curates a comp set of 350 similar listings to help hosts understand their market better. This feature allows hosts to compare their pricing and occupancy to similar properties, providing valuable insights for pricing decisions.Becca introduced the new "Hyperlocal Pulse" algorithm, which is designed to enhance PriceLabs' pricing recommendations. The algorithm takes into account the unique characteristics of a property's immediate surroundings, ensuring that pricing is more accurate and reflective of local market conditions. Hosts can now migrate to this new algorithm to benefit from improved pricing strategies.Additionally, Becca highlighted the educational resources offered by PriceLabs, including webinars and training sessions, to help hosts understand and maximize the platform's capabilities. They have also introduced a revenue estimator tool that provides revenue estimates based on location and bedroom count.Becca encouraged users to reach out to PriceLabs support for assistance with algorithm migration and any questions related to their pricing strategy.In conclusion, my conversation with Becca Madigan shed light on the latest developments in PriceLabs and the importance of effective pricing strategies for short-term rental hosts. It's evident that PriceLabs is committed to helping hosts optimize their pricing and stay competitive in the market through data-driven solutions and educational resources. If you're a short-term rental host looking to enhance your pricing strategy, PriceLabs is definitely worth exploring. Hosted on Acast. See acast.com/privacy for more information.

*Save time & money with these Airbnb tools https://getpaidforyourpad.com/airbnbtools/*Grow your short-term rental business https://www.overnightsuccess.io/In today's episode of "Get Paid for Your Pad," I had an enlightening chat with Tom Lyons, diving deep into the complexities of revenue management for property hosts. Tom brought to the forefront the significance of grasping market trends. He shared an intriguing anecdote about how his team once decided to set their prices 20% lower than their competitors, a bold move that was met with skepticism by some property owners. This decision, however, wasn't made in haste; it was based on an informed understanding of market dynamics.Christmas trends were another focal point of our discussion. Tom illuminated a shift observed over the past few years, where the holiday season seems to be divided into two waves. While many competitors offer consistent prices from the 21st to the 31st of December, Tom has noticed a more nuanced trend. The first wave peaks around the 22nd to 24th, then dwindles a bit until the 26th, only to rise again from the 27th to the 31st. Recognizing such nuances, Tom expressed, is vital to strategizing pricing and length of stay.Speaking of length of stay, Tom identified it as a key factor that hosts, especially those with 1 to 25 properties, often overlook. A significant revenue increase can be observed when implementing a length of stay pricing strategy. Tom elaborated that the value of a customer staying five nights is certainly different from one staying two nights. Hence, prices should vary accordingly. He pointed out that tools like Wheelhouse are making strides in this realm, but being ahead of the curve is crucial.Wrapping up our discussion, I touched upon how property presentation, including photos and descriptions, can significantly influence pricing and guest decisions. Tom added that seasonal updates to these elements are beneficial. Moreover, he highlighted the importance of early bird and last-minute discounts to attract bookings.Tom graciously shared that those interested in learning more about CasaGo, the platform he represents, can explore their offerings and even franchise opportunities at www.casago.com. It's a comprehensive solution, supporting everything from revenue to housekeeping and marketing.I genuinely hope this episode provided valuable insights to our listeners. Whether you're new to property hosting or a seasoned pro, understanding your market and being flexible with your strategies can pave the way for success. Hosted on Acast. See acast.com/privacy for more information.

*Save time & money with these Airbnb tools https://getpaidforyourpad.com/airbnbtools/*Grow your short-term rental business https://www.overnightsuccess.io/In this episode of "Get Paid for Your Pad," I had a fascinating conversation with Landon Wilkinson about Host Share, a promising new platform for short-term home sharing.Host Share operates similarly to familiar vacation rental platforms, but it offers a unique twist. The primary focus is on allowing hosts to exchange stays in their properties with others around the world, creating a network for adventurous travelers and property owners.Here are some key takeaways from my conversation with Landon:How Host Share Works: Host Share simplifies the process by directly connecting to your existing property listings. It synchronizes your calendar with major platforms, ensuring that your availability is up-to-date. You won't manage your calendar within Host Share, but it will show your property's availability based on your other listings.Property Managers and Owners: If you're a property manager, you can utilize Host Share to add listings and invite property owners and staff as co-hosts. This unique approach can benefit property management companies by offering perks to owners and staff, such as free stays in other properties listed on Host Share.Preventing Abuse: To prevent misuse, Host Share has several controls in place. Travel privileges are linked to the active status of your listing on the platform. Delisting your property or frequently abusing the system can result in access restrictions.Expansion and Integration: Host Share is currently available in 22 countries, with plans for further expansion. While it aims to integrate with popular property management systems like Logify, you can still use iCal for avoiding double bookings.Future Messaging Features: In the initial beta phase, the platform will offer limited messaging capabilities, but full in-platform messaging will become available in the future.VRMA Conference: Host Share is set to attend the Vacation Rental Management Association International Conference in Orlando in October. Vacation rental management companies interested in the platform can participate in the beta.To join the Host Share community, you can sign up at hostshare.co, and there's a dedicated Facebook group for discussions and feedback. Membership will soon be available at $29.95 annually, offering substantial savings compared to other vacation rental platforms.I encourage you to explore Host Share and consider joining the community. It's a fresh approach to short-term home sharing that has the potential to become a significant player in the vacation rental industry. Don't miss out on the opportunity to be part of this exciting journey. Hosted on Acast. See acast.com/privacy for more information.

*Save time & money with these Airbnb tools https://getpaidforyourpad.com/airbnbtools/*Grow your short-term rental business https://www.overnightsuccess.io/In this episode of "Get Paid For Your Pad," I had the pleasure of conversing with Rebecca Ballart, an expert in revenue management for the vacation rental industry. Rebecca shared valuable insights into the world of revenue management, offering tips and strategies for hosts and property managers to optimize their earnings.Rebecca emphasized the importance of understanding your property's unique attributes and market demand. She stressed the need for daily monitoring of reservations and market data, ensuring that pricing strategies remain agile and responsive. Rebecca also highlighted the significance of setting a strong foundation for pricing, focusing on factors like base price, length of stay, and last-minute discounts.One standout point from our conversation was the discussion about the shrinking booking window. Rebecca challenged the notion that booking windows are naturally shrinking, suggesting that overuse of far-out premiums may actually discourage guests from booking in advance. Instead, she encouraged hosts to reevaluate their pricing models and consider more moderate premiums to entice guests to book further ahead while still protecting peak rates.If you're looking for more guidance on revenue management or want to connect with Rebecca, you can visit the Revenue Research website at https://www.revandresearch.com/ You can also find them on LinkedIn under "Rev and Research." For direct inquiries, you can reach Rebecca at [email protected], Rebecca mentioned that she and her team will be attending various industry events throughout the year, making it a great opportunity to meet them in person, learn more about revenue management, and explore potential collaborations.In conclusion, this insightful conversation with Rebecca Ballart shed light on the intricate world of revenue management in the vacation rental industry. By focusing on foundational pricing, being attentive to market dynamics, and rethinking far-out premiums, hosts and property managers can optimize their revenue and stay ahead in the competitive vacation rental market. Hosted on Acast. See acast.com/privacy for more information.

In this episode of “Get Paid For Your Pad,” I had the pleasure of chatting with John deRoulet, an expert in the field of revenue management for short-term rentals. Our conversation delved into various strategies to optimize occupancy and revenue in this ever-evolving industry.We began by discussing the significance of minimum length of stay restrictions. John highlighted the importance of setting these restrictions strategically, using them as release valves rather than rigid rules. By doing so, we can accommodate shorter stays that fill gaps in our calendar without losing out on potential bookings. This flexibility can be a game-changer, especially in urban markets where one- to two-night stays are common.John emphasized the need to adapt to changing traveler behavior. While many people used to book flights before accommodations, this trend is shifting. Travelers are now more price-conscious, considering other destinations and timeframes if their initial plans become too expensive. This means we need to be proactive in adjusting our pricing and restrictions to remain competitive.We also discussed the impact of supply in the market. Although the growth of supply is slowing down, it won't decrease significantly anytime soon due to institutional investors and other factors. This means we need to focus on perfecting our revenue management strategies to thrive in a competitive landscape.Throughout our conversation, John shared valuable insights and tips, such as the importance of regularly reviewing your pricing tool's dashboard and embracing data-driven decision-making. Additionally, he discussed the benefits of engaging with potential guests to extend their stays, maximizing occupancy and revenue.For more in-depth insights and educational content on revenue management, John directs us to the Wheelhouse YouTube channel, where you can find webinars and conversations with industry experts.In summary, revenue management is a complex but essential aspect of the short-term rental industry. By adopting flexible minimum length of stay restrictions, staying attuned to changing traveler behavior, and continually fine-tuning our pricing strategies, we can maximize occupancy and revenue in this dynamic landscape. Remember to check out Wheelhouse's educational content for further guidance on mastering revenue management in the short-term rental business. Hosted on Acast. See acast.com/privacy for more information.

Save time & money with these Airbnb tools https://www.getpaidforyourpad.com/airbnb-toolsGrow your short-term rental business https://www.overnightsuccess.io/In this episode of "Get Paid for Your Pad," I had the opportunity to dive deep into the world of pricing and revenue management for vacation rental properties with Doug Truitt. We covered a range of important topics that every host should consider when setting their property's rates and managing their bookings.One key takeaway from our conversation is the importance of setting the right base price for your listing. Doug emphasized that while looking at what competitors are charging can be a good starting point, it's essential to recognize that each listing is unique. Your property's base price should consider factors like seasonality, weekdays versus weekends, and the amenities you offer.We also discussed the significance of understanding booking patterns. Doug highlighted the 30-day window before arrival as a critical period to monitor. If your occupancy isn't on track within this timeframe, it's time to assess your strategy.When it comes to adjusting prices, Doug recommended a strategic approach. Rather than making drastic changes, consider small, incremental adjustments to gauge their impact. You can also experiment with minimum length of stay restrictions to optimize revenue.Doug emphasized that your brand's reputation plays a crucial role. While lowering prices may attract more bookings, it's essential to strike a balance to avoid attracting lower-quality guests. Your property's reviews and overall guest experience should remain a top priority.Additionally, Doug mentioned the significance of post-booking strategies, including nurturing guests to become repeat customers. He stressed the importance of minimizing costs associated with third-party platforms and maximizing direct bookings.If you're interested in learning more about these pricing strategies and revenue management, Doug recommended checking out their podcast, "RevBytes," available on YouTube. You can also visit Roamy's website for more information or reach out to Doug directly at [email protected] summary, getting your pricing right for your vacation rental property requires a thoughtful approach that considers various factors, including your property's uniqueness, booking patterns, and brand reputation. Incremental adjustments, along with post-booking strategies, can help you maximize your revenue and build a loyal customer base. Hosted on Acast. See acast.com/privacy for more information.

***LABOR DAY PROMO*** GET 50% OFF LEGENDS X: COUPON CODE LABORDAYSIGN UP AT: https://www.overnightsuccess.io/xOffer valid until Tuesday September 5thHello, I'm Jasper Ribbers, the host of "Get Paid for Your Pad." In a recent interview, I had the pleasure of sitting down with James Lucas and Ben Bledsoe, two experts in the short-term rental industry. We discussed their insights on building successful partnerships, running thriving short-term rental businesses, and their experience with the transformative Legends X program.James and Ben shared their valuable perspectives on what makes a successful partnership. They highlighted the significance of complementary strengths and weaknesses in forming an effective collaboration. The duo's own partnership exemplifies this synergy, with James driving creative exploration and Ben excelling in translating ideas into actionable plans. This clear division of roles has been a cornerstone of their success.A key takeaway from our discussion was the pivotal role of communication within partnerships. James and Ben emphasized the importance of open dialogues and a proactive approach to addressing disagreements. This practice not only nurtures a healthy partnership but also leads to well-informed decisions that benefit the business.Moving on to their experiences with the Legends X program, James and Ben spoke enthusiastically about its transformative impact. The program, designed to elevate short-term rental businesses, guided them from being hectic hosts to efficient hoteliers. The comprehensive course provided them with essential business fundamentals applicable not only to the short-term rental industry but also to various other entrepreneurial ventures.For those eager to learn more from James Lucas and Ben Bledsoe, you can find them at "Arrive and Thrive" (https://www.arriveandthrive.co/). Their passion for supporting fellow professionals in the industry shines through, and they are always enthusiastic about sharing their experiences and expertise.In conclusion, the interview with James Lucas and Ben Bledsoe illuminated the vital elements of successful partnerships, effective communication, and the transformative benefits of the Legends X program. Their journey from hectic hosts to accomplished hoteliers stands as an inspiring testament to what can be achieved with dedication and the right guidance. For further insights and inquiries, don't hesitate to reach out to James Lucas and Ben Bledsoe. Hosted on Acast. See acast.com/privacy for more information.

In today's episode of "Get Paid For Your Pad," I had an insightful conversation with Andrew Schur, the Head of Product at Hospitable. We explored Hospitable's evolution from its earlier incarnation as SmartBnB to its current role as an innovative solution for property hosts. Andrew highlighted Hospitable's pioneering use of AI in messaging, predating the current AI trend, and how they're continually leveraging AI to elevate the host experience.We delved into Hospitable's unique focus on catering to smaller-scale hosts, those with fewer than five properties. Andrew underscored how they offer an accessible, user-friendly platform at an affordable price point, positioning Hospitable as an excellent starting point for hosts looking to take their hosting endeavors to the next level. He also discussed the seamless integration of Hospitable alongside other property management systems, ensuring flexibility for users who wish to combine different tools for maximum efficiency.Andrew provided an exciting glimpse into Hospitable's upcoming endeavors, notably their vision for an app store that simplifies and enhances the tool selection process for short-term rental hosts. This app store aims to break down barriers and enable hosts to harness a diverse range of solutions without being tied to a single channel manager.In today's episode of "Get Paid For Your Pad," I had an insightful conversation with Andrew Schur, the Head of Product at Hospitable. We explored Hospitable's evolution from its earlier incarnation as SmartBnB to its current role as an innovative solution for property hosts. Andrew highlighted Hospitable's pioneering use of AI in messaging, predating the current AI trend, and how they're continually leveraging AI to elevate the host experience.We delved into Hospitable's unique focus on catering to smaller-scale hosts, those with fewer than five properties. Andrew underscored how they offer an accessible, user-friendly platform at an affordable price point, positioning Hospitable as an excellent starting point for hosts looking to take their hosting endeavors to the next level. He also discussed the seamless integration of Hospitable alongside other property management systems, ensuring flexibility for users who wish to combine different tools for maximum efficiency.Andrew provided an exciting glimpse into Hospitable's upcoming endeavors, notably their vision for an app store that simplifies and enhances the tool selection process for short-term rental hosts. This app store aims to break down barriers and enable hosts to harness a diverse range of solutions without being tied to a single channel manager.As a special treat for 'Get Paid For Your Pad' listeners, Hospitable is offering an exclusive discount of 25% for three months! Whether you're just starting your hosting journey or managing multiple properties, Hospitable's user-friendly platform with AI-powered messaging can elevate your hosting experience. Don't miss out on this opportunity to streamline your operations and enhance guest communication. To claim your 25% discount for three months, simply visit https://hospitable.com/ and use promo code:GPFYP and take your hosting to the next level with Hospitable! Hosted on Acast. See acast.com/privacy for more information.

Grow your short-term rental business https://www.overnightsuccess.io/xSave time & money with these Airbnb tools https://www.getpaidforyourpad.com/airbnb-toolsIn a recent conversation with Syed, I had the privilege of diving into the captivating narrative of his journey within the dynamic world of short-term rentals. From humble beginnings in 2018 to evolving into a powerhouse with over 300 units, Syed story is a rollercoaster ride teeming with invaluable insights and experiences.Our conversation unveiled the pivotal moments that have shaped Syed's trajectory. The year 2021 marked a significant milestone as hereached 200 units, generating an impressive $7 million in revenue, and securing remarkable $1.5 million in profit. The subsequent year, the tide turned post-COVID, ushering in unprecedented demand while also highlighting the challenges of managing seasonal fluctuations that could impact cash flow.This juxtaposition of soaring summers and challenging winters showcased the volatile nature inherent in the short-term rental industry.A standout lesson from Syed's narrative is the immeasurable value of partnerships. He emphasized the pivotal role of his collaborationswith landlords, which not only ensured a consistent supply of properties but also stood as a testament to the symbiotic nature of these relationships.During our conversation, Syed underscored the importance of cultivating a robust team. With over 100 employees, half of them stationed inthe Philippines, his decentralized workforce efficiently manages diverse aspects of the business. This approach thrives on the foundation of loyalty,above-market compensation, and fostering an environment of growth and learning.For those seeking inspiration and an insider's perspective into the exhilarating world of short-term rentals Syed's Instagram presents avaluable avenue. Through his updates, followers can gleams insights, anticipate challenges, and celebrate victories as he continues navigating theever-exciting, occasionally turbulent realm of short-term rentals.Follow Syed on Instagram @syedbnb Hosted on Acast. See acast.com/privacy for more information.

In this episode of "Get Paid for Your Pad," I had the incredible opportunity to sit down with Yonah Weiss, a true guru in the realm of real estate tax strategies. Our conversation took us on a deep dive into the world of cost segregation, a groundbreaking concept that promises substantial tax benefits for real estate investors. Despite a few technical hiccups during the podcast, the wealth of knowledge Yonah shared was nothing short of enlightening.During our chat, Yonah masterfully unraveled the complexities of cost segregation—a strategy that involves dissecting a property's components to accelerate depreciation deductions. Unlike the conventional linear depreciation approach, where the property's value is spread over decades, cost segregation enables investors to categorize elements into shorter depreciation schedules, ultimately leading to considerable tax savings.What truly caught my attention was the revelation about "bonus depreciation." Yonah elaborated on recent tax amendments that have elevated bonus depreciation to a staggering 100% for qualifying assets. This game-changing strategy empowers investors to claim the entire depreciation deduction in the very first year, potentially slashing tax liabilities and releasing funds for additional investments.Our conversation seamlessly transitioned to the practical side of cost segregation, from the nuts and bolts of the cost segregation study to the tangible benefits it offers. Yonah underscored the importance of engaging specialized professionals to conduct comprehensive cost segregation studies. This study involves classifying components, cost allocation, and crafting a meticulous report that ultimately becomes your new depreciation schedule—an essential tool with significant implications, especially for recently acquired properties or those earmarked for significant renovations.The timing of cost segregation studies was a key topic we explored. Yonah stressed the importance of conducting these studies promptly after property acquisition. He also shared a golden nugget of advice: if you're contemplating substantial renovations, it's wise to initiate the cost segregation process on the original asset before implementing changes.As we neared the conclusion of our conversation, Yonah extended an offer that piqued the interest of listeners—a free upfront feasibility analysis for those intrigued by the potential of cost segregation. If you're keen to explore this strategy for your properties, Yonah can be found on various social media platforms, including LinkedIn, Twitter, and Instagram. Alternatively, you can reach out through his website at yonaweiss.com or Madison SPECS (Specialized Property Engineering Cost Segregation) at madisonspecs.com.To wrap up, this episode of "Get Paid for Your Pad" provided an immersive dive into the realm of cost segregation. Yonah's insights illuminated a tax strategy that holds the promise of reshaping the way real estate investors approach their financial endeavors. The allure of cost segregation lies not only in its potential tax advantages but also in its ability to equip investors with the tools and insights needed to make astute, forward-thinking decisions that amplify returns. Hosted on Acast. See acast.com/privacy for more information.

During this engaging conversation, I had the privilege of chatting with David Curtis, the founder of WeHost Canada and an adept property manager. Our discussion provided a comprehensive overview of the intricate world of short-term rental management, touching on essential strategies and insights for success.David began by sharing his personal evolution, moving from a co-hosting model to establishing WeHost Canada as a prominent property management company. He emphasized the crucial role of transparent contracts and agreements with clients to facilitate effective collaborations and minimize potential disputes. Open communication and setting clear expectations emerged as key practices to ensure a harmonious working relationship.A pivotal shift David discussed was his transition from co-hosting to directly managing properties on his account via a Property Management System (PMS). This switch empowered him to deliver an elevated level of service, ensure consistent branding, and mitigate potential risks associated with the co-hosting approach.Fee structures also emerged as a critical topic, with David advocating for a management fee structured around gross rental revenue. While acknowledging that industry norms vary across markets, David emphasized the importance of appropriately valuing services. Prioritizing exceptional value and an outstanding guest experience should inform fee decisions.The conversation explored the significance of cultivating a distinct brand identity, particularly within the short-term rental niche. David underscored WeHost Canada's specialization in inner city family homes, notably in St. John's, Newfoundland. These uniquely designed Jelly Bean Row style homes have garnered popularity among travelers.David extended an invitation to fellow professionals and enthusiasts to connect and learn from his experiences. He underscored the value of mutual support and growth within the community. Interested individuals can reach out to David directly at [email protected] or explore the listings and services provided by WeHost Canada at their website, https://www.wehostcanada.ca.In conclusion, my conversation with David Curtis offered a treasure trove of insights into short-term rental property management. From emphasizing transparent agreements and effective communication to advocating for a hands-on management model and fostering a strong brand identity, David's journey is a testament to the boundless opportunities within the industry. Hosted on Acast. See acast.com/privacy for more information.

Sign-up for Hostfully with code LEGENDS and get $100 off your onboarding fee: http://www.hostfully.com/legendsXSave time & money with these Airbnb tools https://www.getpaidforyourpad.com/airbnb-toolsGrow your short-term rental business https://www.overnightsuccess.io/Hey everyone, Jasper here! Today, I had the pleasure of chatting with Brise Carpenter from Hostfully, a property management software and digital guidebooks service that we've been using and loving for quite some time now. I want to share with you some key insights from our conversation and how Hostfully can revolutionize your property management experience.Hostfully offers an integrated platform that combines digital guidebooks with their property management system (PMS). This integration makes it incredibly convenient for hosts to manage their vacation rentals efficiently. Brise emphasized that Hostfully's PMS is not a magic bullet; it requires dedication and time to fully leverage its potential. However, I can vouch for the fact that once you invest that time and effort, the results are well worth it.For those interested in using Hostfully's services, you can sign up for either the property management software or the guidebooks directly on their website. The great news is that they offer a special discount code, "Legends," which grants you $100 off and 50% off onboarding costs for the PMS. If you opt for an annual subscription, you'll also receive an additional 10% discount. For guidebooks, "Legends" code users get three months of free access.One aspect I truly appreciate about Hostfully is their commitment to engaging with users actively. They love working with dedicated hosts who are eager to improve their business and have the perseverance to overcome challenges. It's evident that Hostfully values its customers, and I believe this level of customer support can significantly benefit any vacation rental host.It's crucial to remember that Hostfully's PMS is an investment in your property management journey. While some may initially expect immediate results, the reality is that it requires a learning curve and time to optimize its potential. I can understand how hosts might hop between various PMS options, seeking a quick fix, but investing in Hostfully's and giving it the time it deserves will yield long-term rewards.In conclusion, I highly recommend Hostfully for property managers and hosts who are dedicated to improving their vacation rental business. The integrated approach combining the PMS and guidebooks, along with the valuable support provided by the Hostfully team, sets it apart from other options on the market. To experience the benefits firsthand, head over to their website and use the "Legends" code to get started on optimizing your property management workflow with HostfullyAlright, that's it from me today. Stay tuned for more exciting content, and I'll catch you in the next podcast. Have a fantastic week! Hosted on Acast. See acast.com/privacy for more information.

Follow Freewyld on Instagram: https://www.instagram.com/stayfreewyld/Grow your short-term rental business => https://www.overnightsuccess.io/xSave time & money with these Airbnb tools => https://www.getpaidforyourpad.com/airbnb-tools Hosted on Acast. See acast.com/privacy for more information.

Grow your short-term rental business https://www.overnightsuccess.io/Save time & money with these Airbnb tools https://www.getpaidforyourpad.com/airbnb-toolsIn today's episode of Get Paid for Your Pad, we had the pleasure of hosting Nate and Dan, two successful short-term rental hosts, as they shared their valuable insights and strategies for running a profitable Airbnb business. Throughout our conversation, they discussed various topics ranging from pricing strategies to maximizing five-star reviews and even touched on their upcoming venture, a real estate fund.Nate and Dan emphasized the importance of tiered pricing based on the length of the stay. They found that offering two-night stays for bookings within 10 days, three-night stays for bookings within 25 days, four-night stays for bookings within 40 days, and five-night stays for bookings beyond 60 days helped them optimize their revenue. They also mentioned allowing one-night "orphan" bookings to fill gaps in their calendar, but with increased prices to attract quality guests and avoid potential issues.When it comes to earning five-star reviews, Nate and Dan shared their proven strategies. They implemented an automated guest messaging system that sends messages at various points during the guest's stay, including a follow-up message the day after their first night. They also leveraged DoorDash and Instacart to fulfill guest requests promptly and efficiently. By actively engaging with their guests, providing exceptional service, and requesting five-star reviews, they managed to maintain a remarkable streak of 117 consecutive five-star reviews, which significantly boosted their rankings on platforms like Airbnb.Throughout the conversation, Nate and Dan highlighted the importance of educating guests on the Airbnb review system, as many guests are accustomed to the traditional hotel rating system. They explained that a five-star review signifies a good stay, while anything below that indicates a less satisfactory experience. By educating their guests and encouraging open communication, they created a positive guest-host relationship, resulting in satisfied guests and higher ratings.In terms of advice for aspiring hosts, Nate and Dan emphasized the significance of taking care of guests, actively listening to their needs, and personalizing their interactions. They also stressed the importance of creating efficient systems and processes to save time and address any recurring issues promptly. Additionally, they highlighted the value of building a strong team and fostering a sense of camaraderie among team members, recognizing their contributions, and celebrating successes together.Towards the end of the episode, Nate and Dan discussed their latest venture—a real estate fund aimed at allowing investors to passively participate in short-term rental properties. They expressed their ambition to scale their business, diversify into different property types, and continue growing their success.To learn more about Nate and Dan's short-term rental properties in Ohio, visit their website at HomeHopPM.com. If you're interested in investing in their real estate fund or have any inquiries, you can reach out to Nate at [email protected]. Hosted on Acast. See acast.com/privacy for more information.

Grow your short-term rental business: https://www.overnightsuccess.io/xIn this episode of Get Paid for Your Pad, I had the pleasure of speaking with Avery Carl, an experienced real estate investor and short-term rental expert. We discussed various topics related to financing, the current real estate market, and strategies for success in the short-term rental industry.Avery shared valuable insights about mortgage options and the impact of interest rates on real estate investments. We explored the difference between a 3% mortgage and a 6% mortgage, highlighting the significant financial implications over a 30-year time horizon. While transferring an existing mortgage to a new buyer is not straightforward, Avery mentioned that distressed sellers might consider such arrangements. She also recommended reading Pace's book, Wealth Without Cash, for more detailed information on this topic.We delved into alternative financing methods, such as management contracts and partnerships. Avery emphasized the importance of strategic partnerships, cautioning against taking on too many partners without considering long-term implications. She advised aspiring investors to focus on quality over quantity, emphasizing the need for thorough research and due diligence.As the conversation shifted to the future outlook, we discussed the impact of high interest rates, slow economic growth, rising house prices, and booking slowdowns. While Avery acknowledged her limited expertise in economics, she expressed optimism that interest rates may come down as the pressure eases, potentially leading to a resurgence in buying activity. She also highlighted the growing recognition of short-term rentals as an established asset class, recommending operators to focus on delivering a world-class guest experience and addressing potential concerns proactively.Throughout the discussion, Avery stressed the importance of clear communication and anticipating guest needs. She highlighted the value of comprehensive digital guidebooks and detailed property listings in fostering trust and positive guest experiences. Creating a top-performing short-term rental involves attention to decor, answering guest questions proactively, and providing comprehensive information.To connect with Avery Carl and explore her services, listeners can find her on all social media platforms at the Short Term Shop. Additionally, if interested in buying properties in any of the 20 markets she covers, the Short Term Shop offers free property management training. Further details and the opportunity to sign up for their live Q&A sessions can be found at strquestions.com.Overall, this episode provided valuable insights into financing options, market trends, and strategies for success in the short-term rental industry. Listeners gained a deeper understanding of the current real estate landscape and valuable tips to optimize their investments. Hosted on Acast. See acast.com/privacy for more information.

Sign-up for Wynd and get a $10 discount: https://getpaidforyourpad.com/wynd (Use coupon code PAD)During a conversation with Mark Young and Dora Du, we discussed a product called Wynd Sentry, which is a smoke and noise monitoring device specifically designed for short-term rental properties. The device helps hosts maintain a safe and pleasant environment for guests and prevents potential damages caused by smoking and excessive noise.Dora explained that Wynd Sentry was developed by the company Wynd, initially focusing on air quality monitoring. However, they observed many hosts using their general air quality monitors to address smoking issues in their rental spaces. Recognizing this need, Wynd developed the Wynd Sentry, a specialized product to address smoke detection accurately.The device utilizes a proprietary technology called AirID, which classifies different particle types to identify specific smoke sources, such as cigarettes, marijuana, or vape. This enables hosts to receive real-time alerts and provides them with evidence to resolve any smoking-related issues with guests or with Airbnb. The reporting feature generates detailed reports, which can be submitted to insurance companies in case of damages caused by smoking.Furthermore, Wynd Sentry includes noise monitoring capabilities, helping hosts address noise complaints and maintain a peaceful environment for both guests and neighbors. The device measures decibels and provides hosts with the ability to address noise issues proactively, preventing potential disputes with guests.Dora emphasized that Wynd Sentry is designed to be tamper-proof. If a guest attempts to tamper with the device, an alert is triggered, ensuring the host is aware of any tampering and can take appropriate action.If you're interested in learning more about Wynd Sentry, you can visit the Wynd website at hellowynd.com. They are offering a discount of $10 off for listeners of the podcast using the code PAD. This device can be a valuable tool for hosts to maintain a smoke-free and peaceful rental environment. Hosted on Acast. See acast.com/privacy for more information.

Sign-up for Baselane and get a $300 bonus: https://getpaidforyourpad.com/bank Hosted on Acast. See acast.com/privacy for more information.

Join Legends X and Get 46% off (save $2,070): https://overnightsuccess.io/xUse coupon code: 46BDAYOffer only valid until TODAY (July 5th). Hosted on Acast. See acast.com/privacy for more information.

Grow your short-term rental business: https://www.overnightsuccess.io/xSave time & money with these Airbnb tools: https://www.getpaidforyourpad.com/airbnb-toolsIn today's episode, I had the opportunity to chat with Lukas about the ins and outs of scaling a business in the short-term rental industry. One of the major topics we delved into was the significance of hiring the right people as you grow your business. Lukas stressed the importance of having a clear understanding of the role and its objectives, as well as utilizing tools like personality profiles and aptitude tests to ensure a strong fit.Lukas shared valuable insights on the hiring process, emphasizing the need for thoroughness and intentionality. He highlighted the importance of investing time and effort into multiple interviews and assessments to get a comprehensive understanding of potential candidates. Lukas believes that hiring is one of the most critical aspects of building a successful team and encourages fellow entrepreneurs to dedicate ample time to this process.We also discussed the challenges that arise when entrepreneurs face the dilemma of letting go of control. Lukas empathized with the common sentiment of being a perfectionist and feeling hesitant to delegate tasks for fear of mistakes. He encouraged entrepreneurs to recognize their own strengths and weaknesses, hire individuals who complement their skills, and establish effective checks and balances to ensure quality control.Lukas emphasized that the transition from being an individual contributor to a manager and leader requires personal growth and professional development. Another significant aspect we touched upon was the necessity of revenue management in the short-term rental industry. Lukas admitted that he initially underestimated its importance but soon realized its impact on maximizing profits.He stressed the value of utilizing data-driven tools and strategies to set optimal prices, even if they may seem higher than initially anticipated. Lukas shared that this shift in mindset regarding revenue management was one of his biggest learning lessons in the industry.Towards the end of our conversation, Lukas discussed the growth trajectory of Skyrun Vacation Rentals, a franchise company he works with. While Lukas didn't provide a specific unit target, he emphasized the importance of quality over quantity and finding the right franchisees and homeowners who align with their model.If you'd like to learn more about Skyrun Vacation Rentals, you can visit their website at skyrun.com for information about their locations, properties, and franchise opportunities.Overall, my conversation with Lukas shed light on the challenges and opportunities that come with scaling a short-term rental business. From hiring the right team members to embracing revenue management and fostering personal growth, Lukas provided valuable insights for entrepreneurs looking to succeed in the industry. Hosted on Acast. See acast.com/privacy for more information.

Grow your short-term rental business https://www.overnightsuccess.io/Save time & money with these Airbnb tools  https://www.getpaidforyourpad.com/airbnb-toolsIn today's episode, I had the pleasure of interviewing Federico Zimerman and Mike Brown, the founders of Pit Stop Home Services. During our conversation, we delved into the crucial topic of safety and maintenance in short-term rentals. Federico and Mike shared their insights and expertise on the various measures that hosts can take to ensure the safety of their guests and properties.We discussed the importance of having proper safety equipment in place, such as smoke alarms and carbon monoxide detectors, and the significance of regularly testing and maintaining them. Mike emphasized the need for audible alarms that can be heard throughout the property to alert guests in case of emergencies.Furthermore, we explored the preventive maintenance aspects of managing short-term rentals. Mike highlighted the significance of checking and tightening furniture regularly, as loose screws and bolts can compromise the safety of guests. He also cautioned against using cheap and unreliable outdoor furniture, as they tend to deteriorate quickly and can pose a risk to unsuspecting users.Federico chimed in with additional safety measures, such as having emergency contact information readily available for guests and displaying the property address prominently. We also touched on the subject of warning signs and striking the right balance between providing necessary information and overwhelming guests with an excess of signs.Throughout the interview, Federico and Mike introduced their service, Pit Stop Home Services, which offers safety and maintenance inspections for short-term rental properties. They outlined the different tiers of inspections available and highlighted the benefits of their subscription-based service for ongoing maintenance.In conclusion, my conversation with Federico Zimerman and Mike Brown shed light on the crucial aspects of safety and maintenance in the short-term rental industry. Their expertise and dedication to providing quality service through Pit Stop Home Services offer hosts the opportunity to enhance the safety of their properties and provide an exceptional experience for their guests. To learn more about their services, you can visit their website at pitstophomeservices.com. Hosted on Acast. See acast.com/privacy for more information.

Grow your short-term rental business: https://www.overnightsuccess.io/xHey there, fellow short-term rental enthusiasts! Jasper Ribbers here, and I had the pleasure of sitting down with the incredible Moira Sedgwick, founder of A Chalet Collective, to dive deep into the world of interior design and its impact on the success of short-term rentals. Let me share with you the valuable insights I gained from our conversation.Moira's extensive background in hospitality and interior design, combined with her passion for creating exceptional guest experiences, truly sets her apart. We began by discussing the importance of finding unique market opportunities. Moira emphasized the value of discovering untapped locations and staying ahead of the competition. She even shared her own experiences in Baltimore, a city often overlooked but with a vibrant food scene and cultural attractions worth exploring.One key takeaway from Moira's expertise is the power of small details. We discussed the significance of lighting and how it can transform a space. From selecting warm and inviting light bulbs to exploring unique fixtures that create an ambient atmosphere, Moira's attention to lighting adds that extra touch of luxury. She also stressed the importance of color schemes, encouraging hosts to experiment with palettes that evoke different moods and emotions.Moira's approach to design extends beyond just aesthetics. She highlighted the importance of functionality and how it can seamlessly blend with high design. By creating spaces that are both beautiful and practical, hosts can offer unique and comfortable experiences for their guests.During our conversation, Moira also shared her favorite shops for sourcing furniture and essential items. From well-known brands like Blue Dot, West Elm, and IKEA to online platforms like Amazon and Target, Moira provided a range of options to suit different budgets and design preferences.If you're looking to take your short-term rental to the next level, Moira's insights are invaluable. Her dedication to hospitality, attention to detail, and collaboration with her partner Carlos Latore at Mocha Interiors truly make A Chalet Collective stand out. You can learn more about Moira and her work by visiting the A Chalet Collective website.In conclusion, by infusing thoughtful design into your short-term rental, you can create a memorable experience that will leave your guests raving about their stay. Take inspiration from Moira's expertise and consider how you can implement her insights to elevate your own rental properties. Happy hosting and may your spaces be filled with warmth, beauty, and functionality! Hosted on Acast. See acast.com/privacy for more information.

Grow your short-term rental business: https://www.overnightsuccess.io/xIn this episode of "Get Paid For Your Pad," I had the pleasure of interviewing Alex Sabio, a successful investor in short-term rentals. We delved into various aspects of the hospitality industry and shared insights that can benefit aspiring entrepreneurs like you.One key point Alex emphasized was the importance of offering a unique and hyper-local experience to guests. He spoke about his practice of delivering local goods, such as seasonal produce or specialty items, that showcase the region's distinctiveness. This personal touch has been highly appreciated by guests, who value the authentic and memorable experience.When it comes to investing in short-term rentals, Alex provided valuable advice on scaling the business. He stressed the significance of documenting processes and creating a playbook from the very beginning. This allows for smooth expansion and management, even when you're self-managing properties from a distance. Hiring virtual assistants can further alleviate the workload and ensure efficient operations.Networking emerged as a crucial factor in starting and growing a short-term rental business. Alex highlighted the importance of attending networking events and connecting with fellow investors. By engaging in conversations and building relationships, you can gain valuable contacts and insights that can lead to potential partnerships and growth opportunities.Despite living in Southern California, Alex shared his reasoning behind investing in locations like Alabama and Eastern Tennessee. High prices and increasing regulations in his local market led him to explore more profitable and less restrictive areas. Through networking and trusted realtors, he successfully identified and acquired properties in vacation-oriented markets.Reflecting on his journey, Alex emphasized that operating short-term rentals is more than just real estate—it's running a hospitality business. Dealing with guest feedback and challenges requires resilience and a focus on the bigger picture. By prioritizing profitability and freedom, entrepreneurs can overcome obstacles and achieve financial independence.Looking to the future, Alex unveiled his latest venture—a 76-unit hotel in Northwest Arkansas. Collaborating with other investors, he saw an opportunity in a less saturated market and aims to create a boutique experience for guests. The property's expansive grounds offer potential for further development, including amenities like pickleball courts and food trucks.Overall, this episode provides valuable insights into the world of short-term rentals and investing in the hospitality industry. Alex Sabio's experiences and advice serve as inspiration for aspiring entrepreneurs, including myself, who seek success in the lucrative realm of vacation rentals. Hosted on Acast. See acast.com/privacy for more information.

Grow your short-term rental business: https://www.overnightsuccess.io/xIn this conversation between Jasper Ribbers and Justin Renard, they discuss Fulhaus, a company that offers a variety of services for short-term rental property owners. They specifically focus on their AI-powered design tool called Ludwig. Ludwig was developed to simplify the process of finding and ordering furniture for properties, whether for personal use or short-term rentals. It uses AI to quickly analyze user-provided images and generate furniture recommendations based on the desired style and aesthetic. Users can upload photos of properties, furniture pieces, artwork, or anything that inspires them.Ludwig offers multiple sets of furniture recommendations, and users can easily swap out specific items to customize their designs. The tool also provides information about each item, including dimensions and availability. Users can add the selected items to their cart and proceed to checkout. Fulhaus sources furniture from various vendors known for their reliability, design, and durability in hospitality environments.While Ludwig currently suggests six furniture sets, the company is considering expanding the options and improving the user experience. They are also working on adding features such as budget management, allowing users to set their budget parameters and receive recommendations within their financial constraints.Fulhaus aims to offer trade pricing for verified businesses, providing a significant discount on retail prices. They prioritize sourcing high-quality, durable furniture that can withstand the demands of short-term rentals. Fulhaus plans to add additional services and upgrades to their platform, such as linen and kitchen packages, as well as offering centralized management for property installations.Ludwig is currently available for free, with the option to design a single room or pay a one-time fee for designing multi-room properties. Fulhaus is continuously looking for user feedback to enhance the tool and better serve the needs of short-term rental property owners. They believe that well-designed units perform better and can yield higher average daily rates.Overall, Fulhaus and Ludwig provide a user-friendly platform that combines AI-powered design recommendations with the convenience of purchasing furniture and accessories for short-term rental properties.Learn more at https://www.fulhaus.com/. Hosted on Acast. See acast.com/privacy for more information.

Work with Jasper: https://www.getpaidforyourpad.com/vip Get Brooke's new book: https://www.vintory.com/mistakesIn this episode of Get Paid for Your Pad, host Jasper Ribbers speaks with vacation rental industry expert Brooke Pfautz, the founder of Vintory, a sales and marketing platform for short-term rental property management. Pfautz shares his insights on how to acquire more properties for short-term rental companies. He suggests that the first step is collecting data on potential properties through list brokers like InfoUSA, Exact Data, and Melissa Data, which offer absentee owner records and appending services for contact information. He also suggests scraping data from online travel agencies like Airbnb, Booking.com, and VRBO. Pfautz explains that the data acquired can be detailed, such as house value, presence of a pool, square footage, and the number of bedrooms and bathrooms. He also shares that rental permit data from the city, county, or township can also provide valuable information. For acquiring this data, Pfautz suggests reaching out to list brokers, with costs ranging from 8 to 25 cents per record.Once data is gathered, Pfautz recommends building a website or landing page and implementing a Customer Relationship Management (CRM) system to organize the data effectively. Subsequently, he outlines an omni-channel marketing strategy for outbound marketing, which includes direct mail, email marketing, list-based targeting on social media platforms, and IP targeting. He emphasizes the importance of consistency and multi-touch approach to make a significant impact and effectively acquire more properties for rental management. Hosted on Acast. See acast.com/privacy for more information.

Check out the GPFYP VIP Success Program: https://www/getpaidforyourpad.com/vipGet Mark's favorite AI tools: https://www.boostly.co.uk/robotDiscover four powerful AI tools that can revolutionize your short-term rental business in this informative podcast episode. Host Jasper Ribbers and guest Mark Simpson delve into the world of AI and explore how these tools can boost productivity, efficiency, and guest experiences. From Monica, an AI assistant that follows you around the internet, providing translation and rewriting assistance, to Fathom, which transcribes and summarizes Zoom calls, saving time and ensuring important discussions are captured. Cody, an AI chatbot, helps streamline team training and onboarding processes by providing tailored answers and guidance based on uploaded documents. Ghost Write integrates with Gmail, allowing AI to take over email responses, resulting in professional and time-saving replies. Lastly, Tavus introduces personalized marketing through video messages, enabling hosts to send personalized content to multiple recipients with ease. The hosts stress the importance of embracing the AI revolution and adapting to the changing landscape of personalized marketing. Don't miss out on these cutting-edge tools that can transform your short-term rental business and take it to the next level. Tune in now and start implementing these powerful AI tools today. Hosted on Acast. See acast.com/privacy for more information.

Learn more about the GPFYP VIP SUCCESS PROGRAM: https://getpaidforyourpad.com/VIPIn this podcast episode, Jasper Ribbers interviews Jimmy Schweitzer, the founder of James Vander Properties, who shares his experience of renting out boats on Airbnb. Jimmy started his Airbnb journey by renting out a room in his house, eventually transitioning to renting out lakefront properties in North and South Carolina. He explains how he incorporated boat rentals as an additional revenue stream and a unique amenity for his guests.Jimmy highlights the benefits of having boats available for guests, such as attracting more bookings and increasing the nightly rate by 10-15%. He primarily focuses on pontoon boats due to their ease of use and popularity among renters. Jimmy emphasizes the importance of safety, including having proper insurance, requiring signed waivers, and providing life jackets for passengers.The discussion also covers various ways to obtain boats, such as purchasing boats outright, partnering with boat owners or rental companies, or borrowing boats from others. Jimmy found success using Facebook Marketplace to purchase boats. He advises hosts to think creatively and consider adding unique amenities that differentiate their properties from competitors.Throughout the episode, Jimmy stresses the need for hosts to research local regulations and ensure they comply with all legal requirements when offering boat rentals.Overall, Jimmy's experience demonstrates how incorporating boat rentals into an Airbnb business can be a profitable and appealing option, enhancing guest experiences and setting properties apart from the competition. Hosted on Acast. See acast.com/privacy for more information.

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Have you ever wondered how to maximize your short-term rental revenue by making strategic pricing adjustments to your Airbnb booking funnel?Today, Jeff Brown, co-founder of Loma Homes and Founder of IntelliHost, joins me on "Get Paid for Your Pad" to discuss a new tool to help property managers optimize their booking funnels and increase their revenue.IntelliHost, the platform built by Airbnb hosts for Airbnb hosts, empowers short-term rental hosts to make data-driven decisions and optimize their listings to earn more revenue. IntelliHost provides real-time data on the impact of listing changes on search metrics.In this episode, Jeff shares the factors that impact search visibility, how to activate Professional Host Tools on Airbnb to gain access to deeper metrics and insights, and what to focus on to maximize bookings, plus he explains how to identify gaps in booking periods and provides tips on how to fill them proactively.Listen in as Jeff shares how IntelliHost's dashboard can help property managers visualize their sales funnel, determine how much traffic they are getting, and make pricing adjustments to maximize their revenue.Are you ready to optimize your booking funnel and increase your short-term rental revenue? Sign up for a 30-day free trial of IntelliHost and use the offer code "PAD" to get 20% off your subscription. Just click here: Intellihost.co/pad.Topics CoveredUnderstanding the four key factors that influence booking rates: impressions, first impressions, clicks, and bookingsThe importance of optimizing an Airbnb listing for search visibility and bookingsThe factors that impact search visibility (listing title, description, amenities, reviews, and photosThe role of the cover photo and additional photos in capturing potential guests' attention (and conveying the value of the listing)How to activate Professional Host Tools on Airbnb to gain access to deeper metrics and insightsThe importance of comparing your listing the metrics of your listing to similar listings to gauge your competitivenessHow to use Airbnb Insights to track listing performance and make data-driven decisionsHow IntelliHost can help property managers visualize, track, and analyze their booking funnel to identify areas for improvementHow IntelliHost's pricing tool can help property managers make data-driven pricing decisions, including tracking future traffic to proactively fill gaps in their booking calendarConnect with Jeff BrownJeff BrownIntelliHostLoma HomesResourcesSign up for a 30-day free trial of IntelliHost with an exclusive 20% off subscription using the offer code "pad"Stand out on Airbnb with Extremely Themed Units (Ep480)Sponsor Rising Stars Mastermind Hosted on Acast. See acast.com/privacy for more information.

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Ranking well on Airbnb is essential for short-term rental hosts to increase bookings and revenue.However, numerous factors can make achieving a higher ranking on the platform challenging.The sheer number of listings, constantly changing algorithms, and ranking factors that determine search results, coupled with the competition from other hosts in the area, make it crucial to continually adjust your strategies to stay ahead.So, what goes into ranking better on Airbnb?Daniel Rusteen is a former Airbnb employee, author, Airbnb Superhost, and founder of the website and YouTube channel OptimizeMyBnb.com. He has been hosting guests on Airbnb for over a decade and has written several books on short-term rental hosting, including the soon to be released, Profitable Properties. Today on "Get Paid for Your Pad," Daniel joins Jasper to discuss how short-term rental hosts can improve their ranking on Airbnb and shares his insights on the 13 factors that determine search results and how hosts can adjust their strategies to stay ahead.Listen in as Daniel shares his tips for improving your search ranking, dealing with negative reviews, and using "creative discounts" for single-night reservations. Plus, just for listeners, take advantage of his special offer for 50% off his new course on how to optimize your short-term rental business. Just use the code "GPFYP2023" at OptimizeMyBnb.com to get started. Topics CoveredThe importance of knowing Airbnb's search algorithm to improve your listing's search rankFrom the number of reviews to returning guests, Daniel walks us through the key metrics for Airbnb hostsDaniel walks us through the key factors that affect search rank flexibilityDaniel shares the concept of "flexible listings"From the importance of high-quality photos to response times, Daniel walks us through top to bottom best practices for hostsHow hosts can get negative reviews removedHow to use "creative discounts" to charge more for single-night reservationsHow to optimize your pricing strategy based on market demandThe benefits of having a strong online presence for direct bookingsHow to get 50% off Daniel's new course on how to optimize your short-term rental business Connect with Daniel RusteenDaniel RusteenOptimizeMyBnb.comDaniel On YouTubeDaniel On InstagramDaniel On TwitterFor full episode show notes visit: https://getpaidforyourpad.com/podcast/13-factors-to-rank-better-on-airbnb-ep557/ Hosted on Acast. See acast.com/privacy for more information.

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As we're on the brink of AI becoming something that everyone around the world is using, it's become a hot topic in the STR industry, with discussions focused on how hosts can harness the power of language-driven AI technology to improve productivity and efficiency in various tasks such as content creation for more bookings.Bart Sobies is the founder of iBooked Online, an AI-powered vacation rental website builder, and today we're talking about how you can how can STR hosts leverage artificial intelligence to drive more direct bookings for your STR business.Bart shares his step-by-step instructions on how to get started using AI to improve your short-term rental listings and drive more direct bookings. He walks us through his approach to using AI to enhance your content consistently across the board.Listen in as Bart shares how to use your reviews to generate more optimized content to make your listings stand out, creating a personal experience for your ideal guest avatar rather than simply promoting your property. Plus, his five-day challenge to help you start driving your direct bookings using AI.Topics CoveredHow Language-driven technology can help hosts create captions and descriptions that better showcase the experience guests can have at your property for higher conversion rates and more bookingsHow to use your reviews to give your AI tools more context to work withHow AI can help you generate more effective and empathetic responses to reviews, both positive and negativeHow to communicate more effectively with your guest using the power of AIThe key to using tools like ChatGPT to generate ideas for posts and optimize them for hashtags and even emojisHow to use your guest avatar to make your content more uniquePractical examples of how to use language-driven technology to improve short-term rental listings and drive direct bookingsThe importance of being consistent with your social mediaConnect with Bart SobiesBart on LinkedIniBooked OnlineBart on InstagramResources5 Day AI ChallengeGet Paid For Your Pad on YouTubeLegends X STR AcceleratorJasper on InstagramSubscribe to GPFYP on Apple PodcastsFREE Airbnb Starter GuideSTR Profit AcademyEmail [email protected] Rising Stars Mastermind Hosted on Acast. See acast.com/privacy for more information.

In the competitive and fast-paced world of short-term rentals, partnering with investors can be a game-changer for scaling your business. Partnering with investors is a great way to build up equity without getting a mortgage or investing your own funds. However, successfully finding and partnering with the right investors can be daunting. Josh Kristoff and his team at Nomad Capital Ventures have successfully scaled to 50+ units through partnerships. Josh is the Managing Partner of Nomad Capital Ventures, a real estate and property management company out of Jacksonville, Florida. He's participated in our Legends Mastermind and is currently in our Rising Stars Mastermind.  In this "Get Paid For Your Pad" episode, Josh joins me to explore scaling a short-term rental (STR) business to 50+ units through partnerships. He'll share his expertise and his team's experiences in understanding the market, finding investors to partner with, and why setting clear goals is paramount. Plus, the most important thing investors look for in a partnership. Listen in to hear Josh's experience with multichannel bookings (the good and the bad), the most critical factor in building the investor-operator relationship, and how you can get started scaling your STR business through partnerships. Topics Covered Josh shares what Nomad Capital Ventures does and how they successfully run four complementary businesses (with 7 kids in the mix)How Josh and his team use their network to find investor partnershipsJosh shares his journey in learning about property managementWhy Nomad Capital structures their deals as a 506 BJosh shares the importance of having a clear understanding of your goals before entering the short-term rental businessThe importance of conducting sensitivity analysis against projections to ensure protection for both sidesThe most crucial factor for working with investorsWhy communication is vital to building investor/operator relationships and trustWhat a relationship entails from an SEC standpointThe delicate dance of multichannel bookings: Jason shares the benefits (and drawbacks)Connect with Josh KristoffJosh KristoffNomad Capital VenturesNomad Hospitality on InstagramResources Get Paid For Your Pad on YouTubeJasper on InstagramSubscribe to GPFYP on Apple Podcasts FREE Airbnb Starter GuideSTR Profit AcademyOvernight SuccessEmail [email protected] Legends X STR Accelerator Hosted on Acast. See acast.com/privacy for more information.

Due to inflation ​​in the current economic environment, investors are struggling to find a good return on their investments, with many investments offering a low rate of return or even resulting in a loss of money.So, we're seeing a shift in investor conversations, with high-wealth individuals more interested in parking their money in the right investments with the right people and getting involved in something exciting.If you have a unique vision, experience aiming vision, and you're solving a unique problem in the space, many investors want to get involved in short-term rentals.So, how do you start raising money for your Airbnb business, brand, and vision?Freewyld has raised $2.2 million from investors with a commitment of an additional $2 million for the expansion of one of our hotels and the goal of putting together $20 million worth of funding to acquire more projects this year.We have a vision and are focused on sharing what we're learning with you as we go.On this edition of STR Conversations, Eric and I are walking you through the most common questions people have when they first seek investors for the STR business.We'll discuss the three fundraising stages for your company, including friends and family, seed funding, and Series A funding, and dive deep into where to find your investors, the importance of building a network (and creating authority around it), and "karma capitalism."Listen in to learn why investors need startups as much as startups need investors and how you can offer something valuable and exciting to a potential investor.We're officially opening the Rising Stars Mastermind, a virtual mastermind group for short-term rental operators focused on growing genuine hospitality brands, acquiring real estate, building real teams and systems, and scaling their businesses. Click Here to learn more and set up a call.Topics CoveredThe unique advantages of investing in short-term rentals: tax benefits, appreciation, and increased revenue through hospitality brandingThe trend of high-wealth individuals looking to get involved in something excitingWhy your network is your net worth: the actual value and importance of ORGANICALLY networking with other entrepreneurs and investors and sharing YOUR real visionThe difference between seed capital and acquisition capital and how investors approach these two types of investments with different mindsets and risk tolerancesThe 3 things to focus on to build a successful short-term rental brandLaunching the Rising Stars MastermindResourcesLearn More about the Rising Stars MastermindGet Paid for Your Pad Email ListSubscribe to GPFYP on Apple PodcastsSTR Profit AcademyOvernight SuccessEmail [email protected] STR Legends Mastermind Hosted on Acast. See acast.com/privacy for more information.

Many of the short-term rental hosts in our student groups reported a slowdown in bookings at the start of 2023. But that trend did not apply to Kimone Campbell. In fact, she had a record-breaking month in January! What is she doing to drive more bookings? Kimone is Founder and CEO of Adasa Properties, Orlando Luxury Stays and Kissimmee Luxury Stays. Kimone bought her first two short-term rental properties in March of 2020 and has expanded to a portfolio of 13 units generating $500K in revenue in just three years. On this episode of Get Paid for Your Pad, Kimone joins me to explain how a real estate coaching program inspired her interest in short-term rentals and where she gets the drive to take action fast in her Airbnb business. Kimone discusses how AI tools empower STR hosts to up our marketing game, describing how she’s using ChatGPT to create marketing campaigns for past guests and generate social media content quickly. Listen in for Kimone’s advice to up-and-coming Airbnb hosts around investing in coaching and learn how to leverage new technology to drive more bookings in your STR business! Topics CoveredHow a coaching program in real estate investment inspired Kimone to start a STR businessWhat working on a cruise ship taught Kimone about customer service and managing teamsHow Kimone’s business has grown to 13 properties and $500K in revenue in just 3 yearsHow Kimone is using ChatGPT to write email marketing campaigns for past guestsThe challenge Airbnb hosts face in creating consistent content and how we might use AI to overcome itHow to Leverage ChatGPT to plan a monthly social media calendar and write daily postsHow to make the content generated by artificial intelligence unique to your personalityHow ChatGPT empowers Airbnb hosts to up our game when it comes to marketingHow Kimone is establishing herself as an expert in the Florida market through Facebook groupsWhere Kimone gets the drive to implement new information fast in her STR businessKimone’s advice to up-and-coming STR hosts around joining networks and investing in coachingWhy Kimone would acquire more properties faster if she could go back to her first year in businessConnect with Kimone Orlando Luxury StaysOrlando Luxury Stays on FacebookOrlando Luxury Stays on InstagramOrlando Luxury Stays on LinkedInKimone on LinkedIn For full episode show notes visit: https://getpaidforyourpad.com/podcast/slowdown-this-airbnb-host-is-seeing-record-breaking-revenues-ep552/ Hosted on Acast. See acast.com/privacy for more information.

As more people look to scale their short-term rental business, competition in the industry has increased. Simply relying on personal networks or word of mouth is no longer enough to attract properties. Hosts must find unique ways to stand out, grow, and scale. And you don't need a massive audience, but you do need an engaged audience.If you are struggling to attract properties and stand out in a sea of competitors, there is ONE strategy you can implement right now to succeed. In this episode of STR Conversations, you will learn how to become an authority in your market, focus on a niche, build partnerships, and develop a growth plan.Eric and I discuss the marketing triad for short-term rental properties, which consists of three components: free sources, paid traffic, and partnerships and the importance of a solid plan and consistency. Listen in to discover how to establish yourself as THE authority in your market area and build your brand with the proven property abundance plan.  Plus, we'll reveal the exact strategy we used to help one of our Legends X students dominate the popular vacation destination of Kelowna and show you how you can do the same in your market area. We'll touch on the challenges of paid traffic and how to use it most effectively as a part of your [long-term] strategy. Tune in to learn how to take your short-term rental business to the next level by bringing value through who you are and WHAT YOU do, so when people think of Airbnb, YOU and your brand are top of mind! Sign up NOW to get our FREE trainings as they are released, and if you missed "More Listings, Higher Profits," you can get the replay by joining the Airbnb Profit Club Facebook Group. And if you want even MORE support implementing the marketing triad, join us in Legends X. Topics CoveredThe #1 way to become the expert in your marketplace (and what comes second)Coca Colas TOP OF MIND Marketing planEven the most successful people battle imposter syndrome (including Adele, Mike Tyson, and Jasper Rivers); how they move through itThe property and partner avatarConsistency is key: how to show up as the authority in your space and bring value EVERY DAYThe importance of [consistent] branding across your marketing channelsHow to choose the marketing channels that will work for YOUThe challenges of investing in paid traffic, how make it successful, and why it's a long-term strategy (yes—there's an art to it)Using ChatGPT for inspiration and content creationWhy shiny objects syndrome is the path to going brokeWhy it's vital to home in on YOUR ideal property avatar ResourcesThe War of Art by Steven PressfieldJab, Jab, Jab, Right Hook: How to Tell Your Story in a Noisy Social World by Gary VaynerchukJoin the Airbnb Profit Club Facebook GroupEmail us to find out how to join the Rising Star MastermindSponsor Legends X STR Accelerator Hosted on Acast. See acast.com/privacy for more information.

Real estate has proven to be an incredibly powerful investment over time, with values consistently increasing.However, with the current economic climate, including rising interest rates and inflation, impacting real estate pricing, investors may be hesitant to enter the market.It's understandable to question whether it's a risky time to invest in property.But is it still a good time to get a mortgage and invest in real estate, even at current prices?The answer is it all depends. So, what exactly does it depend on?Jason Hartman® is the CEO of Empowered Investor and Real Estate Tools, a software company in the real estate space. As an Airbnb host and short-term rental expert, he has successfully guided numerous clients in purchasing properties in a single market. Jason's Complete Solution for Real Estate Investors™ offers a comprehensive system that equips investors with education, research, resources, and technology to fulfill all their income property investment needs.According to Jason, "Income property is the most historically proven asset class in the world. With income property, we get to constantly renegotiate our agreement, making it a reliable long-term investment. "Today on “Get Paid For Your Pad,” Jason joins me to delve deep into the complexities of the real estate market and the different factors that can impact investment outcomes, including how inflation and interest rates are affecting the current market.We’ll take a look at the present state of the real estate industry, and Jason will provide his expert insight into what he is seeing in terms of prices, sales, and other market indicators.Listen in to learn how investors can use historical trends to anticipate future changes to make informed decisions and the importance of being proactive in managing your real estate investments. Plus, Jason will share the most important chart to watch when investing in real estate and his predictions on what to expect in the market in the future.Topics CoveredHow the COVID era interest rates made a lot of people rich (and it’s still going on)How you can still get paid to borrow money on the real estate marketWhy it’s important to understand the three types of real estate markets: linear markets, cyclical markets, and hybrid marketsCyclical markets vs. Linear Markets: understanding different types of real estate markets and which are the best to invest inHow to use historical trends as a guide to make informed decisions about real estate investmentsHow understanding historical trends can help investors anticipate future changesThe three reasons Jason believes we will NOT have another real estate crashLearn about the first-time phenomenon that is creating an incredible amount of wealth for homeowners (see the chart on YouTube or Spotify)Why investing should be oriented towards yield (and appreciation should be viewed as the icing on the cake)The most important chart to watch when investing in real estateJason’s predictions for the real estate marketThe reliability and long-term potential of income propertyFor full episode show notes visit: https://getpaidforyourpad.com/podcast/the-most-important-chart-to-watch-in-real-estate-in-2023-ep550/ Hosted on Acast. See acast.com/privacy for more information.

ChatGPT AI (artificial intelligence) has more than 100 million users within the first two months of its launch and more than 13 million daily visitors making it the fastest-growing consumer application in history.But often, when these new tools come out, people sit on the sidelines, waiting to determine if it's right for them.Recently, everywhere I've turned, it seems every business owner I've spoken to, or entrepreneur or forward thinker, has been talking about this tool and how they're introducing it to their everyday life, but also trying to figure out how the use of the technology could be beneficial and how they could integrate it into their business.The truth is AI isn't going anywhere. So, how can you learn to harness this powerful tool for more productivity to save time in your STR business?On this episode of STR conversations, Eric and I are talking about the super sophisticated and powerful chatbot that can learn from what you're telling it, Chat GPT.We'll discuss what it REALLY is, what it isn't, and what it can do for you.Listen in as we give listeners a look at some of the best uses for the tool in the Airbnb space. We'll walk you through how some users in the STR space are using it for everything from content creation—you can create a month's worth of content in just a few hours—to optimizing their Airbnb listings in a way that will get people excited to book even if you are not a great writer.Plus, how Chat GPT can help you use YOUR current Airbnb reviews to hone in on your guest avatar and write better captions on social and for your listing pictures.This tool changes everything, and early adopters will reap the biggest benefits. If you want to watch our training on Chat GPT, join the Airbnb Profit Club Facebook Group. If you wish to have MORE support as you get plugged into this, we will be doing more AI training with experts and service providers in our Rising Star Mastermind. Interested? Reach out, and we'll send you the info on joining the group.Topics CoveredConsistency is key: unlocking the power of AI to tell your brand storyFrom a two-paragraph caption for Instagram to a 500-word blog post: how Chat GPT solves the problem of writing content for ALL the social and communication channelsHow some hosts are using Chat GPT to generate a month's worth of content in just a couple of hoursHow AI and your reviews can help you hone in on and attract your ideal guest avatar for more bookingsHow to find out more about the Rising Star Mastermind group to learn more about AI and its various uses in the STR industryResourcesEmail us to find out how to join the Rising Star MastermindJoin the Airbnb Profit Club Facebook GroupBe a Part of the Next Class of Legends X STR AcceleratorFREE Airbnb Starter GuideSubscribe to GPFYP on Apple PodcastsGet Paid for Your Pad Email ListEmail [email protected] X STR Accelerator Hosted on Acast. See acast.com/privacy for more information.

I lived in Barcelona for two years. One reason why Spain is a great place to visit is its affordability, as highlighted by a three-course meal with wine for only 10 euros. But that's not the only thing that makes Spain a wonderful country. Its diverse culture, rich history, and breathtaking landscapes are just some of the many reasons to explore this beautiful country. However, beyond all that, what truly makes Spain a special place is its people. Today on "Get Paid for Your Pad," I have two guests, Juanccho Betancor and JuanJo Bande, from Spain. Juanccho Betancor is a Legends X graduate and successful short-term rental host. He began his journey by renting out several properties and later transitioned to Airbnb. In addition to hosting, Juan is passionate about analyzing investments in the space and sharing his experiences with others. He even has his own YouTube channel where he talks about all things short-term rental. JuanJo Bande is an architect who is passionate about the short-term rental industry. He works on developing various projects that cater to both tourism and residential areas. Apart from that, he creates valuable content in Spanish about the short-term rental space on YouTube. He also manages a few professional chat groups where like-minded people in the Spanish-speaking world can share their knowledge and experiences. They join me to discuss their experiences in the short-term rental industry, what they've learned from building their businesses, and their insights on why Spain is an amazing country to visit. Listen in to hear how they've adapted to serve the post covid digital nomads, the lack of quality content on the short-term rental space in Spanish, and how they aim to provide education and quality content to the Spanish-speaking audience. Plus, they share what they would do differently if they were starting their business today and their predictions for the future of the STR industry.Topics Covered How Juan and Paco got started in the STR industryHow to be on the beach in Panama when you have 28 units back in SpainHow they invested in themselves to grow their businessesThe most significant things they've learned from Jasper, Get Paid Your Pad, and Legends XHow mindset makes a big difference in successWhat does it take in 2023 to be successful as an STR hostWhat the STR industry looks like in the futureWhy it's best to look beyond the short-term profits and instead consider long-term profitability For full episode show notes visit: https://getpaidforyourpad.com/podcast/work-remotely-from-a-cave-home-on-a-volcano-ep548/ Hosted on Acast. See acast.com/privacy for more information.

Airbnb's Q4 2022 earnings report showed a 35% revenue growth over the past six months, indicating a strong travel industry recovery after COVID. The numbers surprised investors and disproved claims of an "Airbnbust." Only 21% of property managers on the Transparent platform saw fewer bookings out of over 275,000 short-term rental listings worldwide. Bottom Line: there is NO BNBbust! Although there's currently no sign of a BNBbust, reduced demand on the Airbnb platform is pushing hosts to explore new ways to build genuine hospitality brands. So, how can you keep up with the post-Covid market, adapt to changing customer needs, and improve your business strategies to focus on guest acquisition and retention? In this episode of STR conversations, Eric and I delve into Airbnb's Q4 2022 earnings report, uncover the current realities of the short-term rental industry, and explore the pressing need for hosts to cater to the informed traveler of today. Tune in to gain valuable insight on how to seize the opportunities presented by the current market challenges. We'll share a few of the companies we're closely monitoring as we build and expand the Freewyld brand, why we consider them important models in the industry and the critical element that ties them all together. Do you want to learn how to Optimize your Airbnb listing with ChatGPT? Register now for the FREE training Wednesday, February 22, at 1 pm Pacific / 4 pm Eastern. If you missed our first training, "The BNBbust is BS," you can get the replay by joining the Airbnb Profit Club on Facebook. Topics Covered What the numbers don't show: our take on what's really happening behind the scenes in the STR industryWhy the short-term rental industry isn't experiencing a bust, it's simply maturingThe value of visionHow developing a unique brand will put you in the driver's seat of demandThe value of joining Legends XResourcesRegister for the FREE Weekly Training(s)Join the Airbnb Profit Club on FacebookBe a Part of the Next Class of Legends X STR AcceleratorGetawayAutoCampAirDNAAvantStay TransparentCrunchbase  FREE Airbnb Starter GuideSubscribe to GPFYP on Apple PodcastsGet Paid for Your Pad Email ListEmail [email protected] Legends X STR Accelerator Hosted on Acast. See acast.com/privacy for more information.

Not only is sustainability important from an environmental perspective, but it’s also a growing trend in the travel industry. According to studies done by Booking.com and Expedia, about 80% of people consider the values of a property to be a factor in their booking decision. When booking, travelers are beginning to research whether properties are using green cleaning products, reducing single-use plastic, and using energy-efficient appliances and lighting. And sustainability is not just a trend; it’s a critical aspect of our future, and now is the time for short-term rental hosts to begin embracing the concept of becoming more sustainable.But we all know hosts generally don’t have much time to spare or funds for upgrades‌. So, what can short-term rental hosts do to become more sustainable without investing a lot of time and money?Vanessa de Souza Lage is the Founder & CEO of Sustonica, the 1st sustainability recognition specifically for short-term rentals. With their standard for vacation homes based on 7 of the United Nations Sustainable Development Goals, Sustonica is committed to helping you prove to travelers, owners, employees, and investors that you’re committed to environmental sustainability.Today on “Get Paid For Your Pad,” Vanessa joins me to share some easy steps STR hosts can take to make their properties more eco-friendly. She’ll share how you can become a more sustainably focused host in just 15 minutes without emptying your wallet. We discuss the 40 points outlined by Sustonica, which you can use to make your propertie(s) more environmentally friendly, along with some technological solutions available to help guests track their energy usage while staying at your property. Listen in to learn how you can stand out from the competition and attract environmentally conscious travelers by highlighting your commitment to sustainability on your website while having a real impact on the environment. Topics Covered The importance of sustainability in the short-term rental industry.Detailed strategies and cost-effective ways hosts can become more sustainableThe role of hosts in educating their guests on sustainabilityHow to qualify for the badges Sustonica offers for meeting sustainability criteriaThe proven marketing benefits of embracing sustainability for short-term rental hostsConnect with VanessaVanessa de Souza LageSustonicaResources Take the Sustainability CertificationGet Paid For Your Pad on YouTubeLegends X STR AcceleratorGet Paid for Your Pad Email ListSubscribe to GPFYP on Apple Podcasts FREE Airbnb Starter GuideOvernight SuccessEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

"We're delivering what a host needs, not what a host wants." Being a short-term rental host can be a demanding and stressful experience. Growth without a plan can cause you to work around the clock, sacrificing your evenings, weekends, and even holidays to attend to customer service and maintenance issues. With all of that going on, it's easy to get bogged down, become a hectic host, AND lose sight of the joys of success. But there is another way. So, how can you find a better work-life balance while setting and achieving the goals that will help you build a sustainable short-term rental brand you can be proud of? On this episode of STR conversations, Eric and I are celebrating the 2nd anniversary of our Legends X program by sharing our journey and unveiling the results we've achieved as we've led nearly 300 hosts through the program. We'll give listeners a look at the driving force behind our mission to transform STR companies into thriving hospitality empires by packing years of wisdom and experience into a transformative 90-day program to ensure our students achieve REAL, tangible results. Listen in to discover the secret to Legends X's success: our unwavering commitment to delivering exactly what hosts need to succeed rather than what they want.We'll share a behind-the-scenes look at how one of our students went from a hectic host to spending months exploring the world's greatest surfing spots. Plus, we're excited to announce new FREE trainings every Wednesday for our listeners. Beginning with the first one, called "The BNBbust is BS," launching Wednesday, February 15th. Sign up now to secure your spot. And if you want to join our next class of Legends X, click here! Topics Covered The impact of the COVID-19 pandemic on the short-term rental industryThe importance of having a clear vision and systems in place in a short-term rental businessUnlocking the power of mindset transformation through accountable actionThe biggest impact our Legends X course has had on the lives of the STR hosts who've completed itWhy it's essential to turn away from hectic host practices in order to scaleHow Legends X helps hosts implement years of learning in 90-days for faster results ResourcesSign Up for the FREE TrainingBe a Part of the Next Class of Legends X STR AcceleratorFREE Airbnb Starter GuideSubscribe to GPFYP on Apple PodcastsGet Paid for Your Pad Email ListEmail [email protected] Legends X STR Accelerator Hosted on Acast. See acast.com/privacy for more information.

 The COVID-19 pandemic has profoundly impacted how we live and work, and one of the most significant changes has been the rise in remote work. This has resulted in increased travel by digital nomads who can work from anywhere, increasing the popularity of short-term rentals.This shift has also brought attention to the affordable housing crisis, leading to stricter regulations on short-term rentals by local, state, and global authorities.But advocates and local alliances are deploying more strategic strategies, with fewer groups passively accepting potentially illegal regulations.So how can short-term rental hosts join forces and engage at the local level to create a nationwide impact?Dana Lubner is the head of advocacy at Rent Responsibly, working closely with local alliance leadership teams to ensure their success and collaborating with local alliance teams to achieve their goals. Before this, she co-led Effortless Rental Group, a property management firm in Colorado, with her brother. When Denver implemented regulations that threatened the growth of short-term rentals (STRs) in her community, she acted. Additionally, she sits on Denver's short-term rental advisory committee (STRAC) alongside City Council members.Today on Get Paid for Your Pad, Dana joins me to discuss the trends she sees in short-term regulations.We discuss the best practices for hosts to build bridges with their local policymakers and the three ways you can make an impact in your local area.Listen in to learn how you can join forces to start your own STR alliance, the resources available to you through Rent Responsibly, and the unexpected benefits for hosts who get involved in advocacy in their local area.Topics CoveredHow Dana got into the STR AdvocacyDana shares current trends in the STR regulation landscapeWhat is the effect of short-term rentals on local housing pricesHow having a cap on the number of STR licenses issued might be a good thingHow hosts can build bridges with their local policymakersThe benefits of starting your own STR allianceBest practices to build rapport with the policymakers in your areaThe three ways to make an impact in your local areaDana shares how to start your own STR allianceWhy you might want to make your alliance a 501(c)(6) organizationThe secondary benefits of forming your own STR allianceHow small local wins can create ripple effects nationwideConnect with DanaHow to Save Your Vacation Rental Business on Apple PodcastsRent ResponsiblyResourcesDIY Alliance - Rent ResponsiblyGet Paid For Your Pad on YouTubeLegends X STR AcceleratorFREE Airbnb Starter GuideSTR Profit AcademyOvernight SuccessEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

Are you ready to grow your short-term rental brand, but the restrictions being put into place in cities across the country to limit the number of Airbnb’s keeps you from making any traction? What if there was a way to unleash the full potential of your STR brand without running into asset-class regulations? On this episode of "Get Paid for Your Pad," Eric and I share the potential for STR businesses to grow by buying boutique hotels, cabin communities, and other aging vacation rental properties whose owners are retiring after years of operation and established clientele but possibly outdated business practices. We break down how we took an old vacation rental community tucked in the picturesque mountain town of Idyllwild, California, and revitalized it. And how by incorporating modern amenities, enhancing marketing and messaging, and streamlining operations, we boosted occupancy and ADR within the first 45 days, creating the cornerstone of our brand, Freewyld. We'll share the tools and trends adopted by both small businesses and industry giants to collaborate with seed capitalists and scale their brands, with insights from students and alums of the Legends X Program. Listen in as we explore the opportunity to take something old and make it new, grow your brand, and bring something unique, and lasting to the STR industry. Topics Covered How to map out your nationwide Airbnb domination without running into asset class regulationsHow modernizing old hotel 'campy' vacation community properties can increase your bottom line and equityHow you can use technology and tools to move off the "back of the napkin" management style to compete more efficiently in today's STR marketplaceWhat's the most significant difference between a STR and a hotelThe quest by hotels to emulate some qualities of the Airbnb movement to improve the guest experienceResources Hicksville Trailer PalaceOur Story - Bolt Farm TreehouseGet Paid for Your Pad Email ListLegends X Short-Term Rental AcceleratorSTR Legends MastermindSubscribe to GPFYP on Apple PodcastsEmail [email protected] X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

So, you’re looking to buy a short-term rental property but nervous about its potential to make money. What if you could buy a STR that’s already doing well on Airbnb? Alex Breen is Founder of BnB Buyer, a biweekly newsletter and website where you can find existing short-term rental properties that are on the market. On this episode of Get Paid for Your Pad, Alex joins me to explain how he identifies properties that have a STR history for BnB Buyer and which markets have good deals on existing short-term rentals right now. Alex walks us through the advantages of buying an existing STR versus a home without a history on Airbnb and discusses the downside of limiting your search to existing short-term rentals. Listen in for Alex’s insight around trends in the STR market in the last 12 months and learn how BnB Buyer can help you de-risk the process of buying short-term rental properties for your portfolio! Topics CoveredHow Alex’s own search for STR properties inspired the creation of BnB BuyerHow Alex identifies properties that are good candidates for Airbnb or likely to have a STR historyThe advantages of buying existing STRs vs. homes without a history on AirbnbWhy selling an existing STR as a business adds value to the propertyWhy Alex hasn’t seen a significant price difference between existing STRs and comparable properties in the same areaHow most properties on BnB Buyer bring in 15% to 20% gross revenue to purchase priceThe disadvantages of limiting your property search to existing short-term rentalsAlex’s insight around trends in the STR market in the last 12 monthsWhy real estate prices have come down a little (but not enough to offset interest rates yet)What markets Alex suggests for finding good deals on existing STR propertiesConnect with Alex BnB Buyer Resources  AirDNARabbuMashvisorOvernight SuccessSTR Profit AcademyGPFYP on YouTubeGPFYP on InstagramSTR Legends MastermindFREE Airbnb Starter GuideReview GPFYP on Apple Podcasts  Email [email protected] Sponsor Legends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

Over the years, there have been a lot of changes in the Airbnb model. What started as people renting out a room in their home has become an industry with over 5 million active listings worldwide, hosting half a billion guests a year. People have realized that true wealth is built through real estate ownership. But how do you generate the cash flow you need so you can scale? On this episode of "Get Paid for Your Pad," Eric and I share the trends in the STR industry. We bring our extensive industry experience and perspective as coaches to the forefront to offer you an inside look into what works (and what doesn't). We break down the 3 industry business models and which work best to put you on the fast track to STR wealth for people looking to grow their brand by acquiring more properties. We discuss which business models work for the long haul (and which don't) in order to help you determine where to focus your money, time, and attention now. Listen in as we weigh in on how to use these models to generate cash and build your teams and systems so you can build generational wealth and create the brand of your dreams. Plus, an updated look at what's next for our Freewyld brand in 2023. Topics Covered Why Eric is not a fan of the rental arbitrage business modelHow to leverage the management model to cash flow your STR businessJasper shares what he has learned over his years in the industryThe best way to generate cash flow (and WEALTH) for your STR businessWhat is Propco and OpcoOur goals for Freewyld for 2023The biggest challenges we've faced in building our brand and the action we're taking to achieve our goals fasterResources The Spirit to Serve Marriott's WayGet Paid for Your Pad Email ListLegends X Short-Term Rental AcceleratorSTR Legends MastermindSubscribe to GPFYP on Apple PodcastsEmail [email protected] X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

Blockchain was introduced in 2008 as part of the model for Bitcoin. And while several STR projects have come and gone in the years since, we have yet to see any concrete implementation of blockchain technology in the short-term rental space. Then again, the first web application launched in 1981, but the internet didn’t gain traction until the mid-1990’s. So, is blockchain technology likely to revolutionize the STR industry? Technology Expert Igor Kostin serves as Cofounder and CTO of iGMS, a vacation rental management platform dedicated to helping hosts grow their hospitality business faster. On this episode of Get Paid for Your Pad, Igor joins me to discuss the evolution of iGMS, describing how it started as a marketplace for cleaners and grew into a full PMS that serves 500,000 STR listings. Igor offers advice on testing user experience to decide what property management system is right for you and explains why there will be fewer PMSs to choose from in the next five years. Listen in for Igor’s insight on the role of technology in the future of short-term rentals and learn how you might leverage robotics, AI and blockchain to benefit your Airbnb business! Topics CoveredIgor’s background in custom technology and software developmentHow iGMS started as a general marketplace for cleaners before focusing on AirbnbsHow managing STRs himself inspired Igor to build tech to streamline operationsWhy Igor and his business partner Ivan tackled automated messaging firstWhy Igor and Ivan turned their messaging system into a software product for other hostsHow iGMS evolved into a full PMS system that serves 500,000 STR listingsIgor’s advice on testing UX to decide what PMS system is best for youWhy Igor predicts fewer PMSs in the STR market in the next 5 yearsHow the trend to remote work might influence the STR industry moving forwardIgor’s take on how blockchain technology might benefit STRs in the next 5 to 7 yearsHow hosts can use AI like Chat GPT for content creation or graphic designConnect with Igor Kostin iGMS [Discount Code GPFYP]iGMS Product Webinar Sign-Up Resources  Guesty’s Acquisition of Your PorterChat GPTSTR Profit AcademyGPFYP on YouTubeGPFYP on InstagramSTR Legends MastermindFREE Airbnb Starter GuideReview GPFYP on Apple Podcasts  Email [email protected] Sponsor Legends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

#BNBBUST has been trending on social media since the fall of 2022. But does the slight downturn in the short-term rental market really indicate a bubble about to burst? On this episode of STR Conversations, Eric and I continue our discussion of what we learned in 2022, explaining why we’re all-in on short-term rentals regardless of what the YouTube gurus say. Eric shares his commitment to believe in our STR product and fight like hell for his people, and we explore the benefit of taking days to fully disconnect from the day-to-day of your STR business. Listen in for insight on navigating the ups and downs of the Airbnb market and learn how to take advantage of the massive opportunity for hosts who are all-in on developing a unique hospitality brand in 2023! Topics CoveredWhat we learned from losing a powerful team member to another opportunityWhat it means to believe in the STR product you provideWhat happens when you allow doubt to dictate your decision-makingHow to get to a place where you feel confident about your Airbnb businessThe benefit of celebrating your wins and recognizing the impact you make on the worldWhy it’s crucial to take days where you fully disconnect from the day-to-day of your businessWhy list-it-and-forget-it is a thing of the past as the STR market maturesThe massive opportunity for hosts developing unique hospitality brandsWhy a slight decline in consistent growth doesn’t necessarily indicate a bubble burstHow to navigate the ups and downs of the STR businessWhat Airbnb business models are most affected by a downturn in the marketResources  Ace Hotel AcquisitionAirbnb 2022 Q3 Financial ResultsAirDNASTRInsightsTransparentMADOFF: The Monster of Wall StreetOvernight SuccessSTR Profit AcademyGPFYP on YouTubeGPFYP on InstagramSTR Legends MastermindFREE Airbnb Starter GuideReview GPFYP on Apple Podcasts  Email [email protected] Sponsor Legends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

More people are living a digital nomad lifestyle or working remotely while on the go making Wi-Fi connectivity front of mind to make those vital business connections and close deals. Plus, more people are investing in family travel experiences, and at the end of a day of adventures, they want to come together to unwind by streaming their favorite TV shows or movies. All these things are making internet connectivity and reliability a top priority when booking a place to stay for today's STR guests. So, how can you assure your guests that your property's internet performance fits the bill for their lifestyle and connectivity needs? Philip Pickard is the Co-founder & CEO of Speedy, Wi-Fi verification. Speedy is a global company offering Wi-Fi verification tools designed to enable remote workers, travelers, and world explorers to accurately assess internet connectivity when booking a STR property while helping hosts increase customer satisfaction for more bookings. Today on Get Paid for Your Pad, Philip joins Jasper to discuss the genesis behind Speedy and the pain points that led to their quest to solve Wi-Fi connectivity issues. Listen in to learn how hosts share real-time Wi-Fi data to their direct booking website (or Airbnb listings) to get a leg up on the competition and attract those travelers with bandwidth requirements for more bookings and repeat guests. Great news! The Speedy Team will waive the installation fee if you mention Get Paid for Your Pad when you contact them. Click here to fill out the contact form on their website or reach out to Philip via email. Topics Covered The two-pronged reason why Speedy jumped into this marketHow to get the full story on the reliability of Wi-Fi in today's digital worldHow Wi-Fi data drives the STR property selection processHow Speedy offers real-time location-based Wi-Fi data for your propertiesHow you can use your Wi-Fi rating to attract travelers with bandwidth requirementsJasper provides a live demo of Speedy on Get Paid For Your Pad YouTube ChannelWhy you should add your Wi-Fi data to your Airbnb listingsHow to use your Wi-Fi data to protect against refund requestsThe 3 biggest benefits of the Speedy serviceConnect with Philip Pickard Philip Pickard - Co-founder & CEO - Speedy Wi-Fi | LinkedInSpeedy - Wi-Fi verification for rental propertiesResourcesGet Speedy - Waive the Installation FeeGet Paid For Your Pad on YouTubeLegends X STR AcceleratorSubscribe to GPFYP on Apple Podcasts FREE Airbnb Starter GuideOvernight SuccessEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

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As short-term rental hosts, we don’t expect bad things to happen at our Airbnbs. Jennifer Lawyer didn’t either. But just 30 days after she’d purchased a hotel in the Ozarks, disaster struck, threatening the health and safety of her guests. What can you do to prevent something similar from happening at your STR properties? Jennifer is Cofounder of SoulSTR, a short-term rental management company that with a portfolio of hotels, motels and log cabins with close to 140 doors. On this episode of Get Paid for Your Pad, Jennifer joins me to discuss the serious carbon monoxide leak that hit her hotel and explain why you can’t trust a generic inspection to identify all safety risks. Jennifer describes the trauma she and her guests experienced from having their health threatened and challenges us to be proactive BEFORE disaster strikes our Airbnbs. Listen in for Jennifer’s insight on building a network of support in the STR community and learn what steps to take to keep your properties safe and protect your Airbnb guests! Topics CoveredWhy Jennifer walked away from a career in education for short-term rentalsHow Jennifer grew from managing one log cabin to nearly 140 doorsThe serious carbon monoxide leak that struck Jennifer’s hotel in the OzarksThe trauma Jennifer and her guests experienced from having their health threatenedWhy you can’t trust a generic inspection to identify all safety risksWhat steps you can take to prevent a carbon monoxide leak at your AirbnbThe regular safety protocols Jennifer implemented across her STR portfolioGetting feedback around safety from the staff who helps maintain and clean the propertyWhat it looks like to be proactive BEFORE disaster strikes your AirbnbsThe strong relationships that helped Jennifer recover from the trauma of the experienceWhat Jennifer is doing to care for the brand for her management companyJennifer’s goal to manage all 140 units with the same level of customer careConnect with Jennifer LawyerJennifer on Airbnb Resources  How to Buy Run-Down Motels and Convert Them into Airbnbs on GPFYP EP468Milpa BrandketingGPFYP on YouTubeGPFYP on InstagramSTR Legends MastermindFREE Airbnb Starter GuideReview GPFYP on Apple Podcasts  Email [email protected] Sponsor Legends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

2022 was a record-breaking year for the Get Paid For Your Pad podcast, with 99 new episodes!Do you have a favorite? Which one do you think was the most downloaded podcast of 2022?Today for the first Get Paid For Your Pad podcast of 2023, I thought it would be fun to share the show's record-breaking stats and let listeners know which episodes were the most popular of 2022.I'll share the top podcasts in 5 different categories, including top 3 downloads, innovative, inspirational, tools and services, and actionable tips.I’m sharing episodes that include interviews with other hosts who have catapulted their STR units, used outside-the-box ways to fill bookings, and guests who will inspire you with their stories of going from hectic host to LEGEND. Plus, actionable steps YOU can use to make your 2023 STR resolutions a reality.Listen in as I share my goals for the podcast in 2023 while pointing you toward the 2022 podcast episodes that will be really helpful for you to make 2023 the best year yet for your STR business.Topics CoveredThe top 3 most downloaded podcasts in 2022Which episode can help you catapult your number of STR UnitsThe 3 biggest takeaways from David Bergmann, who went From 25 to 100+ STR Units in Less Than 1.5 Years (Ep521)The #1 takeaway from the interview with Tim Mortimer, who has doubled his number of properties since the beginning of the Covid-19 pandemicThe 3 most innovative podcasts of 2022Detailed strategies to get your Airbnb properties noticed (and bookings filled) by film producers, corporations, or corporate travelers for a jackpot payday3 inspirational podcasts that will take you from hectic host to LEGEND in no timeThe BEST innovative tools for up leveling your guests' experience, borrowing funds based on future income, and marketing your properties through influencersActionable steps YOU can use to make your 2023 STR resolutions a realityHow to determine YOUR financial freedom numberThe 5-step process to help you solve communication issues with your guestsFor full episode show notes visit: https://getpaidforyourpad.com/podcast/best-of-get-paid-for-your-pad-in-2022-ep535 Hosted on Acast. See acast.com/privacy for more information.

What does it take to build and manage Europe's largest residential management platform, managing a portfolio of varied asset classes? Today on the show, my guest is Will Parry, the CEO, and Director of ALTIDO. ALTIDO, which stands for 'a life that I dream of', is the largest short term rental company in Europe, with asset classes that include Airbnbs, serviced apartments, hotels, stately homes, and private residences. Will joins me on Get Paid for Your Pad today to discuss the unique selling points of ALTIDO, the advantages and challenges of managing so many different asset categories, and why it's vital to be able to adapt your model to fit your market. Listen in as we discuss the challenges in building the ALTIDO brand, why it's vital to revisit your value proposition to be a successful property manager, and his tips for STR operators who want to grow to over 100 units. Plus, Will shares his advice on what property managers should focus on in the next 3-5 years. Topics Covered Will shares the unique selling points of ALTIDOWhat is the advantage of having multiple asset classesWhy diversification has become integral to their multinational businessDiversifying in the US vs. EuropeWill shares his thoughts on building a brand when you are just starting outThe critical reason for revisiting your value proposition as you build your businessWhy they are on a quest to achieve hotel standards as far as service goesHis recommendations for what property managers should be focusing on in the next 3-5 yearsWhat to focus on to be successful as a property managerWill shares his number one piece of advice for STR operators wanting to grow to over 100 unitsConnect with Will ParryALTIDO Will on LinkedInResources Get Paid For Your Pad on YouTubeLegends X STR AcceleratorJasper on InstagramEric on InstagramGet Paid for Your Pad Email ListSubscribe to GPFYP on Apple Podcasts FREE Airbnb Starter GuideSTR Profit AcademyOvernight SuccessEmail [email protected] ByLegends X STR Accelerator Hosted on Acast. See acast.com/privacy for more information.

Where'd you get most of your STR bookings this year? What challenges did you face in managing your business? Was there something that stood out that made things easier or something that you thought was a real pain? As we're nearing the end of the year, it's a great time to take a moment and take stock of what worked and what didn't in your short-term rental business this year. It's also wise to examine how your experience as a short-term rental host compares to others in the industry. Today, I'm sitting down with David Jacoby, the President & Co-Founder, and Fred Bassili, the Marketing Manager of Hostfully, to dive into Hostfully's 2022 Vacation Rental Industry & Hospitality Report. On this edition of Get Paid for Your Pad, David and Fred join me to discuss the biggest trends in the short term rental industry in 2022. We discuss the challenges, and opportunities for STR hosts in 2022, including which types of properties are seeing an increase in revenue, and how hosts are increasing their income (without increasing their properties) and what the biggest pain points are across the board.  Listen in as David and Fred share the breakdown of the data from your STR competitors in 2022 and what hosts say they're planning for 2023. Topics Covered Which properties are seeing an increase in revenue (and which are not)Why the increase in the supply of STR properties is a good thing for your bottom lineThe biggest trends in STR portfolio growthWhy new streams of revenue are essential for Airbnb operators in this climateHow outside companies offering everything from locks to tours to furniture are making it easier for property hosts to upsellThe number one pain point that STR hosts faced in 2022 (for the 3rd year in a row)What's gotten easier for property hosts in 2022Why has accounting become a more significant issue in 2022Where are most STR hosts got their booking from in 2022The new trend in listings and attracting long-term staysThe most popular tools Airbnb hosts used to build their businesses in 2022Connect with David and FredDavid JacobyFred BassiliHostfully Resources 2022 Hospitality Industry Study - HostfullyUplevel the Experience for Your Guests with Minoan (Ep504)Get Paid For Your Pad on YouTubeSubscribe to GPFYP on Apple Podcasts FREE Airbnb Starter GuideEmail [email protected] ByLegends X STR Accelerator Hosted on Acast. See acast.com/privacy for more information.

As COVID restrictions eased, 2021 proved to be a record year for most short-term rental markets. But did the trend continue in 2022? Which markets performed better this year? Which markets got softer? And what can Airbnb hosts expect in 2023? On this episode of Get Paid for Your Pad, guest cohost Anurag Verma, Cofounder of PriceLabs, joins me for a recap of the short-term rental industry in 2022, explaining how this year’s numbers compared to 2021 in various markets in the US and around the globe. Anurag describes how to calculate RevPAR and why it’s an important metric for STR hosts to understand, and we discuss why Airbnb’s new total price display policy was a positive change overall. Listen in for Anurag’s insight on the current pace of bookings for 2023 and learn how PriceLabs free market reports can help you analyze your portfolio and outperform the competition—no matter what’s happening in the market! Topics CoveredHow COVID continues to impact STR markets in some parts of the worldWhat the data says about how 2022 compared to 2021 for the short-term rental industryHow Airbnbs in cities performed in 2022 relative to drive-to destinationsWhy general occupancy, daily rate and length of stay all went down in 2022How to calculate RevPAR and why it’s an important metric for STR hosts to understandWhy Airbnb’s new total price display policy was a positive change overallWhat hosts can do to incentivize longer stays without charging a pricey cleaning feeWhy guests may be holding off on booking for summer 2023 (and why you shouldn’t lower your prices just yet)Why STRs in Europe had stronger numbers in 2022 compared to 2021The free market report functionalities available to hosts on the PriceLabs platformThe improvements to the pricing algorithm, data products and free tools PriceLabs is launching in 2023Anurag’s shameless plug for his new book, The Book Direct PlaybookResources  PriceLabsPriceLabs’ Market DashboardPriceLabs’ Portfolio AnalyticsAirbnb’s Total Price Display PolicyThe Book Direct Playbook: Say Goodbye to OTAs with Proven Marketing Tactics to Boost Direct Bookings by Mark Simpson, et al.GPFYP on YouTubeGPFYP on InstagramSTR Legends MastermindFREE Airbnb Starter GuideReview GPFYP on Apple Podcasts  Email [email protected] Sponsor Legends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

Reputation used to be the cornerstone of a brand, but now it's all about trust. Airbnb is great at doing trust marketing. People who go to Airbnb already trust the Airbnb brand, and they're looking to book. Now they are trying to determine WHO to book with.And that's where building your brand trust is crucial. You could be losing 50 bookings a year just because your profile isn't on point—and it's about more than just great property photos.So, how do you build that trust?Chris Maughan is the CEO & Founder of I-PRAC. An experienced operator in holiday and commercial rentals for 17 years, he's passionate about transforming the short-term rental industry to make it a safe place for hosts and travelers worldwide. He's also the CEO and co-founder of AES Accommodation Ltd and AES Events Group, which provides accommodations for companies like Google, Twitter, and Disney. Chris has written a chapter in the soon-to-be-released, The Book Direct Blueprint.On this edition of Get Paid for Your Pad, Chris walks us through the difference between trust marketing and product marketing and why trust marketing is vital in the short-term rental marketplace.We discuss how to get clear about your brand identity and the key components you can use on your Airbnb profile to establish an emotional connection with guests looking to book.Listen in as Chris shares how STR operators can showcase who they are as a trusted brand for more Airbnb and direct bookings.Topics CoveredWhy nobody is interested in your product on a first-time visitWhy so many hosts and property managers miss the point of their Airbnb profileThe two things you need to be clear on so you can communicate them effectively with your guestsHow to provide information about your brand that will help build emotional trust with your guestsHow to personalize your profile details that attract guestsHow to stand out on the Airbnb platform as a trusted brandWhy you can’t rely on booking platforms aloneHow to get more direct bookings by building trustHow I-Prac helps protect the consumer while allowing STR operators to showcase that they’re trusted and professional Connect with Chris MaughanChris on LinkedInI-PRAC Resources  How to Think Like a Brand Manager Instead of a Property Owner (Ep519)How Avant Stay Scaled Their Hospitality Brand to 1,500+ Units in Less Than 5 Years (Ep524)Get Paid For Your Pad on YouTubeSubscribe to GPFYP on Apple Podcasts Email [email protected] ByLegends X STR Accelerator Hosted on Acast. See acast.com/privacy for more information.

The Liquid Death water brand charges $5 per can. Why are people willing to pay a premium for their product when there are so many other options?The secret is branding. And they’ve built a $700M company by telling a story that stands out from the competition.So, what can you do to be the Liquid Death of short-term rentals? How do you build a strong brand that allows you to charge a higher-than-average price for your Airbnb?Kaye Putnam is a psychology-driven brand strategist who helps brands uncover their innate brand advantage to attract more clients and customers online.Kaye is also the host of Brand Gravity, a podcast that explores the intersection between branding and psychology.On this episode of Get Paid for Your Pad, Kaye sits down with Eric and me to explain why STR hosts have more opportunities to tell our brand story than other types of businesses.Kaye discusses how to identify the brand archetype for your Airbnb business and why even individual hosts should be intentional about building a brand.Listen in to understand why unique brands can charge a premium for their product or service and learn how to create pricing power on Airbnb through your hospitality brand!Topics CoveredWhat inspired Kaye’s work as the psychology-driven brand strategistGetting clear on what you want to be known for and how to express thatWhy even small companies should be intentional about their brandHow STR hosts have more opportunities to tell our brand story than other businessesWhy identifying your brand archetype is the first step in building a brandHow to leverage your brand archetype as a decision-making toolKaye’s Brand Truth exercise for building an individual brand as an Airbnb hostWhat it means to create pricing power through your hospitality brandWhy the Liquid Death water brand can charge a premium for their productHow pricing power comes from being different vs. just being betterHow much Airbnb hosts should invest in building a hospitality brandWhy branding is becoming more important as the STR industry maturesResourcesKaye & CoKaye’s Brandality QuizHarvard Study on Purchasing DecisionsRoark Clothing BrandBrand ArchetypesLiquid DeathLiquid Death Branding ArticleBig Idaho Potato HotelSubscribe to GPFYP on Apple PodcastsFREE Airbnb Starter GuideEmail [email protected] Sponsor Legends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

Every short-term rental property is unique, and each guest values different property features when looking to book. Add to that travel trends are shifting quite dramatically right now, and it can be a gamble to rely on the data alone to set your pricing.So how can you use the data to increase your revenue without increasing your risk? John An is the Founder & CEO of TechTape, the Founder & President of Ohana Stay, and a short-term rental industry expert who consistently brings in returns at 20% to 50% above market. He's also written a chapter in the soon-to-be-released, The Book Direct Blueprint.On this edition of Get Paid for Your Pad, John walks us through his 3-step approach listeners can use to increase their Airbnb revenue.We discuss how to align your risk tolerance with your pricing strategy and nightly rate to achieve your goal occupancy level.Listen in as John shares his hands-on approach to combining data with human skill to increase your Airbnb revenue by as much as 15-30%.Topics CoveredJohn explains his thought process for revenue managementThe issue with the data in the STR industryWhat John looks at in the data increase revenueThe two ways to come up with your base priceWhat is the demand curveWhy pace is a more important data point than price when trying to increase revenueJohn will share the 3 step approach listeners can use to increase their Airbnb revenueWhy you need to determine your risk tolerance or that of the owner of the property you are managingWhere your risk tolerance aligns with your pricing strategyHow to use the nightly rate as the lever to achieve your goal occupancy levelHow to choose your time frames to establish an occupancy targetWhy it's essential to 'keep your hands on the wheel' when adjusting your pricing strategyWhy the holistic view can tell you just as much as your revenue about how your guest avatar is really responding to your propertyConnect with John AnJohn on LinkedInTechTapeResourcesThe Book Direct BlueprintHow to Pick Your Tech Stack for Your Short-Term RentalGet Paid For Your Pad on YouTubeGet Paid for Your Pad Email ListSubscribe to GPFYP on Apple PodcastsFREE Airbnb Starter GuideSTR Profit AcademyOvernight SuccessEmail [email protected] ByLegends X STR Accelerator Hosted on Acast. See acast.com/privacy for more information.

We wish every stay would be perfect and every guest would check out ready to leave a 5-star review and secure their next stay. But this is the real world, and every host will eventually face a problem with a guest's stay. From a piece of equipment breaking down to another guest making it impossible for everyone to enjoy their stay, challenging situations come up that no one wants to have to deal with.But there are some secrets to navigating them that will make everyone involved feel supported. So how do you solve guest challenges when they come up, so everyone enjoys their stay? On this edition of STR Conversations, Eric and I sit down to discuss the event that happened at Freewyld this weekend, what it taught us, and the systems we're putting in place to handle these types of situations like this in the future. We’ll walk you through our 6-step process to deal with challenges that come up with guests while they are staying at your property while communicating with them in a way that makes them feel supported and then creating a system to deal with these situations in the future. Listen in to learn the key to providing a high level of hospitality to every guest, no matter the situation. Topics CoveredThe 6-step process to deal with challenges that come up with guests while they are staying at your propertyThe difference between making the situation right and being rightThe #1 thing to do when a problem develops with a guest or guestsWhy details matterHow to make both parties feel supportedThe key to providing an excellent experience for every guest, no matter the situationHow to communicate as a leader and provide high-level hospitality while making sure ALL parties feel supportedThe 3 traits you need to operate as a high-level hospitality hostWhy the problem is not solved until the guest says it is solvedHow to educate your team to deal with the problem in the futureHow you can use texts to document a situation for future referenceWhy it's important to remember YOU are a hospitality company firstWhat to do if a problem needs to be escalatedResources FREE Airbnb Starter GuideGet Paid for Your Pad Email ListSTR Legends MastermindSTR Profit AcademyOvernight SuccessSubscribe to GPFYP on Apple PodcastsEmail [email protected] Legends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

These days safety, security, and ID protection are paramount to everyone. That becomes even more important when booking the properties you've worked so hard to create or when you're in charge of someone else's investment.Risk management has become vitally important in the short-term rental industry.Leo Walton is the Co-Founder of Superhog, a company that enables a growing ecosystem of hosts, operators, and guests a safer booking experience. By providing a tech-based AI-supported toolkit, Superhog increases booking confidence by quickly confirming the identity of guests, protecting against fraud, damage, and crime, and providing unmatched protection in the STR industry.On this edition of Get Paid for Your Pad, I talk with Leo about why it's vital to screen your guests and the quick and straightforward guardrails STR hosts can put into place in the booking process to establish risk management for both hosts and guests.We discuss the types of protection Superhog provides, how the process works for hosts and guests, and how they compile the risk score.Listen in as he shares the critical elements of risk management needed in today's STR climate, and the protection option that 85% of guests prefer that improves the guest experience and garners more reviews. Plus, a special offer from Superhog just for Get Paid For Your Pad listeners.Topics CoveredHow to take charge of your own risk management strategiesThe most basic risk management solutions you need to put in place immediatelyHow Superhog pulls key data points together to compile a risk score, eliminate risks (and fraud)The three pieces of protection offered by SuperhogThe most critical component of risk managementHow to become your own insurance companyThe protection option that 85% of guests prefer that improves the guest experience while garners more reviewsThe most important component of risk managementHow to put a risk management strategy in place that works for you and your short-term rental businessThe best way to make a questionable booking safer during the check-in processSuperhog is offering 3 months free as an exclusive offer for Get Paid For Your Pad podcast listeners; go to: getpaidforyourpad.com/superhog Connect with LeoSuperhogSuperhog on LinkedInResourcesExclusive Offer: 3 Free Months of SuperhogThe Book Direct BlueprintGet Paid For Your Pad on YouTubeGet Paid for Your Pad Email ListSubscribe to GPFYP on Apple PodcastsSTR Profit AcademyOvernight SuccessEmail [email protected] ByLegends X STR Accelerator Hosted on Acast. See acast.com/privacy for more information.

Airbnb wears two hats in their business, catering to the guests on one side while trying to remain fair and inclusive to the hosts on the other.Often, they lean towards updates that are more geared towards guests, and the hosts have taken notice, and many have spoken out.And Airbnb has responded with the 2022 Winter Release by focusing the updates on making it easier to become a host and stay a host on Airbnb by offering one-on-one guidance from a Superhost and more ways to get your listings seen, and your money faster.On this edition of STR Conversations, Eric and I walk you through each of the updates in the Winter Release, including the upgraded top-to bottom protection for every host on Airbnb through AirCover.We’ll share the six new listing categories offering more ways for your listings to stand out, and how new listings will now be featured and for how long. Plus, we’ll take a look at the new retaliatory review protection for hosts and the fast pay option and fees.Listen in as we share our opinion of which updates are the most advantageous for hosts, which might be problematic, and which ones will require a bit more time and investigation to determine how they will play out.Topics CoveredJasper shares an exciting life announcementHow intention and clarity trickle down to your guestsHow the Airbnb 2022 Winter release makes it easier to become a hostThe comprehensive coverage of AirCover for hostsHow Airbnb is adding more transparency into the categories (and introducing new ones)The 3 ways the new categories might complicate thingsThe updated policies on review protectionWhy we recommend every host check their listing to provide more details to your guests to rank better in the search resultsResourcesThe Airbnb 2022 Winter ReleaseAutohostGet Paid For Your Pad on YouTubeLegends X STR AcceleratorJasper on InstagramEric on InstagramGet Paid for Your Pad Email ListSubscribe to GPFYP on Apple PodcastsFREE Airbnb Starter GuideSTR Profit AcademyOvernight SuccessEmail [email protected] ByLegends X STR Accelerator Hosted on Acast. See acast.com/privacy for more information.

The internet is vast, with more and more social channels popping up and more people jumping into the short-term rental space. Getting the right eyes on your Airbnb properties for more bookings can take time and effort. So how can you get your properties to stand out in the field? By becoming the #1 expert in your market. Dave Cordner is the owner of Central Belfast Apartments in Ireland. Dave got his start in the Short-Term rental space back in 2007, working with his parents. He purchased his own property in 2014 and has grown to over 60 properties. Dave has become an expert in his market by sharing great content through his blog and videos and coaching others in the short-term rental space. You can find his content on his blog, TikTok, and his YouTube channel. On this episode of Get Paid for Your Pad, Dave joins me to discuss how he's used his passion for Belfast tourism to become the go-to expert in his market. He'll walk us through how providing his guests with a more exciting stay experience garners him better reviews for his properties and more bookings. Listen in as Dave shares the traditional marketing tactics he used when he started in the short-term rental business (before Airbnb was even created), how some of them are making a comeback, and how he's using his video content to be seen on every channel.Topics Covered Dave's story of starting in the STR industry before Airbnb existedThe power of old-school marketing techniques in a social driven marketplaceDave's key advice for gaining credibility in the hospitality industryHow to promote your listings outside of AirbnbThe power of being consistent in content creationHow to use video to stand out from your competitorsThe most important thing for creating good contentThe five-star fundamentals to becoming successful in your STR businessDave’s advice for a successful start in your STR journeyConnect with Dave CordnerCentral Belfast ApartmentsDave's YouTube ChannelCentral Belfast Apartments 🧳 (@centralbelfast) TikTokResourcesGet Paid for Your Pad YouTube ChannelFREE Workshop: Learn the 3-Part Process to Scale Your Airbnb Business to $1M+Leave A Review of Get Paid for Your Pad on Apple podcasts for a chance to WIN FREE Airbnb Starter GuideSTR Legends MastermindEmail [email protected] ByLegends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

"Hospitality is really about execution," — Sean Breuner There are 23,000 short-term rental companies in the US. But the industry remains fragmented due to how challenging it is to build a scalable, national platform that can deliver a high-level yet standardized experience at every property, to every guest, every time. AvantStay has scaled its hospitality brand to 1500+ units in less than 5 years.​​Sean Breuner is the Founder & CEO at AvantStay. AvantStay is the largest STR brand in the US. With over 1500 properties in over 100 cities, AvantStay delivers a highly curated experience customized to guests' needs, using a proprietary tech suite to power bookings, seamlessly operationalize in-field and remote management, and activate authentic and elevated consumer touchpoints. On this edition of STR Conversations, Eric and I talk with Sean about his vision to build a brand that takes the luxury of the hotel experience into the short-term rental space. We discuss how AvantStay is leveraging technology, high-end amenities, and specially designed group spaces to build a trusted brand. Listen in as he shares the critical elements needed to establish trust with your guests and faith in your brand in order to scale your short-term rental business. Plus, what excites him the most about the STR industry right now. AvantStay is offering a special just for Get Paid For Your Pad listeners. Use code GPFYP250 for $250 off your next stay.  Topics Covered What people think of when they think of branding in the short-term rental spaceWhat you need to run and scale a horizontal operationWhen you should begin thinking about brandingWhat you can do to improve the guest experience for your guest in all aspects during the complete cycle of the stayWhat you need to make your brand stand out in the STR spaceWhy it's not always about being betterThe top 3 ways to gain your guests' trust (and how to lose it immediately)How to deliver a world-class product and match consumer expectations every timeWhere Sean spends his time as CEO in growing the AvantStays brandThe three things a CEO needs to do to consistently deliver their vision for their brandThe most important thing to remember when building your brandConnect with Sean BreunerSean Breuner on LinkedInAvantStay *Use code GPFYP250 for $250 off your next stayAvantStay on InstagramResources Get Paid For Your Pad on YouTubeGet Paid for Your Pad Email ListSubscribe to GPFYP on Apple Podcasts Email [email protected] ByLegends X STR Accelerator Hosted on Acast. See acast.com/privacy for more information.

There are advantages to hosting corporate travelers in your short-term rentals. You get high-quality guests. You can offer a number of upsells. And capitalize on referrals and repeat business. But you may have to level up your game in order to attract these high-paying corporate clients. So, what amenities do you need to offer business travelers? What level of service do they expect? And how do you market your Airbnbs to the corporate travel niche? Robertin Nunez is the STR corporate travel specialist behind LivingQuarters.net, a platform that connects short-term rental hosts with business travelers. With headquarters in Philadelphia and Miami, Robertin owns 100 in-house units and operates 3,200 listings in 12 cities around the world. On this episode of Get Paid for Your Pad, Robertin joins me to explore what Airbnb hosts can do to attract business travelers and explain how to build relationships with the corporate departments that book travel for employees. Robertin describes creative ways to identify the business travelers who visit your market and discusses why old school marketing tactics (like fliers and phone calls) are so powerful right now. Listen in for Robertin’s insight on using OTAs to fill in occupancy gaps and learn how to fill your Airbnbs with high-paying corporate travelers! Topics CoveredWhat inspired Robertin to choose a niche in corporate travelHow corporate travel is rebounding in the aftermath of COVIDWhat Airbnb hosts can do to attract business travelersBuilding relationships with corporate departments that book travel for employeesCreative ways to identify the business travelers who visit your marketWhy old school marketing tactics are so powerful right nowThe advantages of being in the corporate travel nicheHow Robertin uses OTAs to fill in occupancy gaps for his listingsLeveling up your STR game to attract high-paying corporate clientsRobertin’s insight on using data to make good business decisionsResources  Co Host ExpertEmail [email protected] on GPFYP EP368Furnished FinderSmall Business AdministrationThe Book Direct Playbook: Say Goodbye to OTAs with Proven Marketing Tactics to Boost Direct Bookings by Mark SimpsonElizabeth Soley at Jacob Street PartnersChanges to the Airbnb AlgorithmEmail [email protected] Sponsor Legends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

Sometimes when a customer goes to make a booking on Airbnb, the daily rate seems reasonable, but when they go to checkout, the price, including the fees, is almost double.  Or a guest arrives at their perfect rental only to discover a list of checkout instructions so long it feels like their stay has now become a working vacation. Airbnb started as an affordable alternative to hotels, but with so many guests venting on social media about the above concerns it looked like they were drifting away from that concept. This didn't go unnoticed by Brian Chesky. He took to Twitter last week to announce new changes to the Airbnb platform in December for more transparency and accessibility in these more challenging economic times. On this edition of STR Conversations, I'm breaking down the 4 new changes coming to the platform based on Brian Chesky's Twitter announcement and what hosts need to know to remain seen and stay competitive when these changes roll out next month. Listen in as I walk you through how you can preview how your listing will look in December. I'll share my advice on pricing your cleaning fees based on the update and some tools you can use to position your listing for success. Plus, the most important thing to do with your listings when this update rolls out in December. Topics Covered The trick to seeing how your listing will look in December NOWHow the change in the algorithm will create more transparency for customers using the Airbnb platformWhat's reasonable as far as checkout instructions for your guestsComparing pricing tools like Beyond or Wheelhouse to the Airbnb smart pricing tool.How should you set your cleaning fee based on the updateHow to track the position of your listing in the search resultsWhy you should use a tool like Rankbreeze to track your ranking in the Airbnb search resultsPredictions for what might be included in the 2022 Winter Update to be released on Wednesday, November 16, 8:00 am Eastern timeThe most important update and how it affects the position of your listing in the search resultsThe #1 thing to do with your listings when these changes roll out in December Resources Get Paid For Your Pad on YouTubeJasper on InstagramEric on InstagramGet Paid for Your Pad Email ListSubscribe to GPFYP on Apple Podcasts FREE Airbnb Starter GuideSTR Profit AcademyOvernight SuccessEmail [email protected] ByLegends X STR Accelerator Hosted on Acast. See acast.com/privacy for more information.

When David Bergmann joined our Legends X program in April 2021, he was a hectic host with 25 units and a dream to quit his full-time job.18 months later, David manages a portfolio of 110 STR units and a neighborhood laundromat!How did David scale his Airbnb business so quickly? And what did he learn along the way?David is Cofounder of Heartwood Furnished Homes, a short-term rental management company out of Columbia, South Carolina.On this episode of Get Paid for Your Pad, David joins me to explain how a solar eclipse inspired him to become an Airbnb host and why he started managing units for other STR investors.David shares what he’s learned about hiring team members before you need them, adjusting systems that aren’t working and saying NO to clients who aren’t a good fit.Listen in to understand why David bought a laundromat to support his STR business and learn how to save money by washing linens in-house as you scale.Topics CoveredHow a solar eclipse inspired David to become an Airbnb hostHow David and his wife got started managing units for other STR investorsWhy David joined the Legends X program in April 2021The top 3 lessons David learned in the process of growing from 25 to 100+ unitsInvesting in team members before you need them and hiring the right peopleWhat it looks like to adjust systems that aren’t working quicklyWhy it’s crucial to say NO to clients and guests who aren’t a good fitDavid’s experience with linens and why he decided to buy a laundromatHow much David is saving by washing linens in-houseWhen an Airbnb business might consider buying a laundromatResourcesHeartwood Furnished HomesEmail [email protected] XThe One Thing: The Surprisingly Simple Truth Behind Extraordinary Results by Gary Keller and Jay PapasanLoopNetGPFYP on YouTubeGPFYP on InstagramSTR Legends MastermindFREE Airbnb Starter GuideReview GPFYP on Apple Podcasts  Email [email protected] X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

When working in the STR space, buying new properties to increase your bottom line is not always possible or probable. And sometimes, it's not even necessary. Sometimes increasing your revenue is as simple as renovating your current properties to attract your ideal guest avatar and maximize occupancy. So, how can you determine which renovations actually pay off, what to skip, and come up with a realistic budget for your project? On this edition of STR Conversations, Eric and I are breaking down how we are planning to do basic renovations to our current cabins at what's currently known as Strawberry Creek Village to begin transitioning them to fit our brand. Listen in as we share details about the current status of the Schoolhouse and the Daydreamers' Den and the types of renovations each of those properties needs to help us achieve $150K more a year in revenue. We'll share our philosophy for coming up with our vision, and the research we did to create a renovation budget that minimize costs while making the changes that will help us maximize occupancy and establish these properties as part of our Freewyld brand.   Plus, we'll share exciting news about upcoming high-level guests we will be hosting on the show. If you are interested in participating in the last Legends X STR Accelerator class for 2022, NOW is the time to book your call. Topics Covered Why we are renovating Strawberry Creek Village to align with our brand visionThe #1 question you need to ask before renovatingHow to use tools like AirDNA to research and understand what guests are seeking in your property's marketThe most important caveat to keep in mind when using AirDNA's data in your researchThe exciting thing we learned about our studio's performance in the marketHow to use your customer Avatar to determine which renovations will create the experience YOUR guests are seekingWhat type of renovations we are doing to bring the Strawberry Creek properties closer to the Freewyld visionThe biggest challenges with converting our Schoolhouse property into a 2-bedroom useable spaceJasper breaks down the elements he used to come up with a realistic investment-to-revenue ratioThe #1 lesson we are learning from this process Resources AirDNAGet Paid For Your Pad on YouTubeGet Paid for Your Pad Email ListSubscribe to GPFYP on Apple Podcasts FREE Airbnb Starter GuideSTR Profit AcademyEmail [email protected] ByLegends X STR Accelerator Hosted on Acast. See acast.com/privacy for more information.

If you want to create a big brand identity as a small operator, you need to dig in and determine who you are and exactly who you want to serve.So how can you niche down and get specific about your guest avatar?One way is to determine a need you have that isn't being served and then fill that. That's what my guest today did.Rose Tipka of Your Family's Place offers multi-generational spaces designed to provide their guests with stress-free, nostalgic family vacations. Rose and her family launched their business after discovering how difficult it was to find the perfect getaway for their own large family. They currently operate 3 properties, including Mount Pleasant Lodge, designed to offer guests of all ages a chance to reconnect and experience that summer camp feeling you had as a kid. On this episode of Get Paid for Your Pad, Rose joins me to share the story of her husband's bold move while she was pregnant with their fifth child that helped them pivot into an industry they are passionate about, and launch a brand that helps other large multi-generational families enjoy the types of vacations they want to have.We discuss how they established a flourishing brand identity built on creating family-friendly spaces, with special touches that take the stress out of large group travel to ensure every customer will be a repeat customer.Listen in as Rose walks through the steps she took to home in on what their brand is and isn't and how that has helped them scale to launch their first million-dollar property while building a legacy brand for the future.Topics CoveredRose shares the story of how her husband bought their first property behind her back while she was pregnant and launched their STR journeyHow Mark Simpson inspired the idea behind the Your Family's Place brand-nameWhy being your own guest avatar is the #1 way to understand the needs of your guestsWhy flexibility is the key to serving large families in the STR industry long-termHow to create family-friendly properties that evoke nostalgiaWhat to pack into your properties to make them family-friendly, and stress-free for your guestsWhy Rose recommends working with professionals in all aspects of your STR businessHow Rose is using video to add a personal touch and form a personal connection with her guests before they arriveThe most important thing they did when establishing the Your Family's Place brandConnect with Rose TipkaYour Family's Place on InstagramYour Family's Place on Facebook ResourcesFREE Workshop: Learn the 3-Part Process to Scale Your Airbnb Business to $1M+How to Fill Your Calendar with Direct Bookings (Ep502)How To Use Email Marketing To Drive Bookings (EP332)Leave A Review of Get Paid for Your Pad on Apple podcasts for a chance to WINSponsored ByLegends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

In the Legends X program, Eric and I coach people on how to get from Hectic Host to Short-Term Rental Legend. But we also happen to be students, applying the system we teach to the new Airbnb business we’re building—a hospitality brand known as Freewyld. So, where are WE on the journey from Hectic Host to STR Legend? And what does our signature VOS system look like in practice? On this episode of Get Paid for Your Pad, Eric and I give you an honest look behind the scenes of Freewyld, sharing the progress we’ve made in each of the three pillars—vision, operations and scale. We discuss the power in putting your brand vision and core values on paper and describe how automating our processes took us out of the day-to-day operations of Freewyld very quickly. Listen in for insight on building out a short-term rental team and find out why we’re dialing in our vision and operations before we focus on scaling Freewyld. Topics CoveredWhy we were able to move from Hectic Host to Rising Star so quicklyThe VOS system for building a STR business we teach in Legends XWhy it’s crucial to start by building a vision for your Airbnb businessHow your host vision map functions as a blueprint for decision-makingThe power in putting your brand vision and core values on paperWhy hospitality brands and traditional hosts are successful on AirbnbHow automating our property operations took us out of the day-to-dayThe difference between property operations and business operationsWhy I’m leading business operations (rather than hiring a COO)Why we’re dialing in vision and operations before we scale FreewyldResources  The Vision for Freewyld on GPFYP EP516Omar CovarrubiasOvernight SuccessLegends XGPFYP on YouTubeGPFYP on InstagramSTR Legends MastermindFREE Airbnb Starter GuideReview GPFYP on Apple Podcasts  Email [email protected] Sponsor Legends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

When you own an STR business, there will always be issues. Someone will lose their key, someone will clog the toilet, a piece of furniture will break, and then there’s the money issue.Patrick Spanfelner was struggling with all those issues and more, all while parenting a one-year-old and a three-year-old with just one unit. He was the epitome of a hectic host. But all that changed. He's now successfully managing 39 units, including one of mine in Cali, Columbia.So, how'd he go from a hectic host barely hanging on to a successful host who seems to hardly work?Patrick Spanfelner has been living and investing in STR real estate in Colombia for over seven years. His current portfolio includes over 33 units. You can find his units at EXSTR Apartments and learn more about visiting, living, and investing in Cali and Colombia on his blog, The Cali Adventurer.On this episode of Get Paid for Your Pad, Patrick joins me to discuss how learning to automate and develop systems helped him to scale to 39 units.Listen in as Patrick shares how homing in on just one tool has made it possible for him to spend $0 on marketing and the critical strategy he uses to make every Airbnb reservation work for him now and in the future.Are you interested in learning some of the same tricks and tips our Legends X students are using to scale your business to $1m and beyond? We have a FREE workshop that will walk you through the steps so you can implement the formula to discover your perfect guest avatar, so you have guests dying to stay at your properties. Check it out NOW!Topics CoveredPatrick shares what his life was like before he learned to automatePatrick's #1 piece of advice for securing more reservationsWhy it's vital to determine where you add the most value to your operationHow Patrick is using the property abundance plan to dominate the market in his area even in this economyHow becoming an expert in his market area solved ALL of Patrick's marketing issues (hint: he doesn't spend any money on marketing)Why building relationships with developers is a hugely powerful scaling strategyHow focusing on a marketing channel you enjoy will help you build your business faster and with less stressPatrick's top 3 pieces of advice to grow YOUR Airbnb businessSmall actionable tips and tricks you can apply in your business right now for more successThe key strategy Patrick uses to make every Airbnb guest reservation work for him now (in the future)Connect with Patrick SpanfelnerPatrick on InstagramResourcesFREE Workshop: Learn the 3-Part Process to Scale Your Airbnb Business to $1M+Short-term Rental Investment Opportunities in Colombia - Ep515How to Manage Your Linen Efficiently - EP369Leave A Review of Get Paid for Your Pad on Apple podcasts for a chance to WINSponsored ByLegends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

"The ones who are crazy enough to think that they can change the world are the ones who do," Steve Jobs Often in the busyness of working on our businesses each day, our brains try to drive us to focus on the tasks we can focus on today to get a result. So, we dig into those tasks that require a lot of physical and mental work. And, at the end of the day, we feel accomplished—and we are.  But we want more! We dream of creating a globally recognized brand, building community, and bringing something unique to the marketplace—all while creating a memorable customer experience. Yet we can’t make any significant traction on our dream for our STR business when we're stuck putting out fires and moving the needle at a snail's pace. So, how can you adopt a higher-level vision, attract the right people into your story, and scale at a different level, ultimately building something bigger than you ever envisioned? On this edition of STR Conversations, Eric and I share an update on our vision for Freewyld. In just 30 short days, things have taken off at a rocket's pace, and we've got much to share with you today. Listen in as we share what we created with our host vision map and working with Legends X helped us discover the blueprint we needed to scale Freewyld at a different level. We'll share the story of the discovery we made during the pandemic that helped us solidify our vision, how that clarity led to our connecting with the right people in our journey, and how you can do that for your brand, too. Plus, we'll share some exciting news about some upcoming high-level guests we will be hosting on the show. Topics Covered What is the #1 best way to build a businessHow the COVID-19 pandemic helped birth the most important aspects of the Freewyld BrandHow a longing for nature and disconnecting from technology created 'Freewyld' vibes and solidified the visionThe #1 way to create a more connected businessHow sharing your process becomes like a time capsule for your journey to share to help othersThe most important aspect of creating a story that your ideal guest avatar can connect withWhy following people who've achieved extraordinary things helps you aim higherWhy it's vital to stay in your lane of brilliance and hire the best for the restWhy getting super clear on what you want to build helps attract the right people to partner with you on your journey and connect to your visionHow to create a business that is truly in alignment with who YOU are Resources Get Paid For Your Pad on YouTubeLegends X STR AcceleratorJasper on InstagramEric on InstagramGet Paid for Your Pad Email ListSubscribe to GPFYP on Apple Podcasts FREE Airbnb Starter GuideOvernight SuccessEmail [email protected] ByLegends X STR Accelerator Hosted on Acast. See acast.com/privacy for more information.

“Earn dollars, spend pesos, that’s a very attractive proposition these days,” Patrick SpanfelnerJust 4 hours away from Miami, Cali is the 3rd largest city in Colombia. With an amazing climate year-round, exceptional nightlife, and entertainment, it's the go-to place to live a high quality of life at a low cost. For investors, Colombia doesn't have any restrictions on foreign ownership. There's a great pool of inexpensive contractors, architects, and so forth, and affordable service. Add to that the possibility of a 10% profit after costs and the luxury of soaking up the tropical sun and investing in the emerging Latin market sounds like a great opportunity. But investing in Colombia or any Latin foreign country can also have some big drawbacks. So, how can you take advantage of the short-term rental investment opportunities in Colombia without the risks? Patrick Spanfelner has been living and investing in STR real estate in Colombia for over seven years. His current portfolio includes over 33 units. You can find his units at EXSTR Apartments and learn more about visiting, living, and investing in Cali and Colombia on his blog, The Cali Adventurer. On this episode of Get Paid for Your Pad, Patrick joins me to discuss the highlights and attractions of tourism in Cali, Colombia, and why it's the perfect place to live your digital nomad lifestyle. We'll discuss the pros and cons of investing in the STR market in Colombia and why now is a great time to take advantage of the strength of the US dollar. Listen in as Patrick shares the story of how one of his investments took the wrong turn, costing him most of his life savings, and how you can eliminate most of the risk when investing in STRs in a foreign market.Topics CoveredPatrick shares the story of his journey to Colombia and investing in AirbnbsWhy now is a good time to look abroad for your real estate investmentsHow the heavyweight US dollar is assisting foreign investors in getting more bang for their buckPatrick shares the average nightly rates in Cali, ColombiaWhy it's a cash market for foreigners in ColombiaThe pros and cons of investing in ColombiaInsider tips to eliminate most of the risk of investing in a foreign marketThe pros and cons of managing properties internationallyWhy you need a great manager if you are not planning on being 'on the ground' with your STR investmentsPatrick walks us through the legalities of paperwork for investing in ColombiaThe mix of tourists and attractions for travelers and investorsWhy Cali is such a great place for digital nomadsThe most crucial factor to consider when investing internationallyConnect with Patrick SpanfelnerEXSTR ApartmentsPatrick on Instagram ResourcesGet Paid for Your Pad YouTube ChannelLeave A Review on Apple podcasts for a chance to WIN Sponsored ByLegends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

If you’re an Airbnb host with a small number of units, you may not think branding is all that important. But if you want to grow your STR business and enjoy long-term success, it’s never too soon to upgrade from host to hospitality brand. On this episode of Get Paid for Your Pad, Eric and I sit down to discuss why it’s so important for STR hosts to build a hospitality brand and how branding is born out of the vision of what you want to create. We walk you through the three key elements of a hospitality brand, weighing in on how branding informs every decision you make—down to the soap and toilet paper you choose for your STRs. Listen in to understand why a hospitality brand is so much more than a logo and learn how to take the first steps in branding your Airbnb business! Topics CoveredWhy we hired a creative director for Freewyld and what the role entailsThe 3 key elements of a hospitality brand—visuals, language and productThe power of thinking BIG and sharing the idea behind your brand with othersThe misconception that a brand is simply a name and a logoHow a brand is born out of the VISION of what you want to createHow branding informs every decision your make for your short-term rentalsWhat I love about some of my favorite hospitality brandsWhy it’s a problem when the branding doesn’t align with the guest experienceWhy branding is important for both big and small vacation rental companiesHow to start building a brand by creating a host vision map and vibe bookResources  Freewyld on PinterestStrawberry Creek VillageShangri-La HotelCitizenMThis Is Marketing: You Can’t Be Seen Until You Learn to See by Seth GodinAvantStayGPFYP on YouTubeGPFYP on InstagramSTR Legends MastermindFREE Airbnb Starter GuideReview GPFYP on Apple Podcasts  STR Profit AcademyEmail [email protected] Sponsor Legends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

Do you dream of growing your short-term rental portfolio to tens or even hundreds of units? Yes, a successful host can invest their profits in buying additional STRs. But it doesn’t take long to run out of your own money. So, what if you could use other people’s money to purchase more vacation rentals? How does it work to fundraise capital from investors for your STR business? Daniel Kalenov is Chief Investment Officer at Diversus, a boutique private equity firm that invests in luxury hospitality and affordable housing. Since 1999, Daniel has analyzed, purchased, repositioned and managed income-producing real estate assets, and he has an MBA from Harvard Business School. On this episode of Get Paid for Your Pad, Daniel joins me to explain how his mother’s experience with the stock market inspired his interest in real estate investing and why he made the shift from single-family rentals to the STR industry. Daniel shares his best advice for hosts who want to grow their portfolio through fundraising, describing how a private equity fund works and how to educate prospective investors on STR opportunities. Listen in for insight on partnering the right deal with the right investor and learn how Daniel has built a global portfolio of ultra-luxury STRs, mobile home parks and boutique hotels. Topics CoveredHow Daniel and his mother emigrated from Russia to the USWhy Daniel’s mother lost much of her retirement savings and how that experience led him to real estate investingWhat inspired Daniel’s shift from investing in single-family rentals to the STR industryHow Daniel’s private equity fund was born when he ran out of his own moneyDaniel’s advice to STR hosts who want to grow their portfolio through fundraisingWhy Daniel suggests sitting down face-to-face to educate prospective investors around the opportunity in STRsHow Daniel explains private equity as pooling money from individuals to fund a real estate dealHow Daniel leveraged fundraising to scale his portfolioWhy Daniel focuses on luxury hospitality and affordable housingDaniel’s 2 boutique hotel projects in Belize and why he chose that marketWhy it’s crucial to couple the right deal with the right investorConnect with DanielDiversus FundDiversus Fund on LinkedInEmail [email protected] Rental with a ViewGringo: The Dangerous Life of John McAfeeMahogany Bay Resort by HiltonSix SensesBocas Del Toro, PanamaSTR Legends MastermindEmail [email protected] X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

Are you a problem solver who understands everything from products to systems and people to profit?Have you built a STR business with over 100 listings?Have you ever thought of becoming a coach?If so and you want to find out how you can get started impacting people’s lives and businesses, this episode is for you.Teaching something to another person or helping them get started in your space elevates both of you and enables you to become a better CEO and business owner.And the benefits don’t stop there. Sharing your knowledge while working with influential people that are in the same business as you are while trying to solve the same problems and achieve similar goals is priceless.On this edition of STR Conversations, Eric and I share a new opportunity to join our Overnight Success Team as a coach.We share what we are looking for in coaches, the requirements to join our team, and the #1 criteria we are looking for in an Overnight Success Team Coach.Listen in as we share our insight into how great coaching trickles down into your entire organization and how major YouTube phenomenon Mr. Beast has become legendary by reaching back and pulling others forward (for FREE).Plus, we’ll share the biggest impact of being a coach from Rebecca Slivka, STR Legends X 90-Day Accelerator coach.Do you want to join the Legends X Team as a coach? Click here to learn more and apply for the role.Want to be a part of the 5th Legends X Short-Term Rental Accelerator class beginning October 17? Applications are still open. Apply NOW!Topics CoveredHow surrounding yourself with strong coaches forces you to grow for more impactHow you can give back in your marketplace while raising the bar for your own business3 life-changing benefits you get from coaching (or joining our team)The BIGGEST impact of being a coach from Rebecca Slivka STR Legends X 90-Day Accelerator coach (hint: it’s not the money)The #1 criteria we are looking for in a coachThe number #1 factor to consider BEFORE applying to become a coach with usThe ONE reason you shouldn’t enter coachingHow to step out of imposter syndrome so you can impart your knowledge to help othersThe requirements and commitment for the coaching position with Legends XResourcesMr. Beast's YouTube ChannelMr. Beast on Joe RoganExpert Enough: The Fastest Way to Create a Career as a Go-To AuthorityFrom Master Leasing 100+ Units to Owning Boutique Hotels with Rebecca SlivkaSubscribe to GPFYP on Apple PodcastsFREE Airbnb Starter GuideEmail [email protected] ByLegends X STR Accelerator Hosted on Acast. See acast.com/privacy for more information.

Imagine seeing your short-term rental on the big screen! Production companies rent properties all over the world and pay a premium to film in those spaces.But you won’t find film crews on Airbnb. So, how do you tap into this opportunity?Laura Wegner is Founder of The Suite Life Whistler, a STR company out of Vancouver, British Columbia. She is also a former professional actor and advocate for the film industry with expertise in hosting production crews in her short-term rentals.On this episode of Get Paid for Your Pad, Laura joins me to explain how to list your property with the local film commission and share her standard operating procedure for vetting a production company.Laura discusses how her daily rate for a film crew compares to what she charges on Airbnb and describes how a crew might change your space to accommodate the script.Listen in for insight on designing your space to attract the interest of a location manager and learn how to leverage the film industry to fill your Airbnbs.Topics CoveredHow Laura’s experience as an actor inspired her interest in hostingThe Hallmark series that recently filmed on Laura’s property in Whistler, BCHow to list your property with the local film commissionLaura’s SOP for vetting a production company that’s interested in her propertyHow Laura’s daily rate for the film industry compares to what she charges on AirbnbLaura’s approach to negotiating price with a film’s location managerThe most popular days of the week or seasons for shooting a movie and how long filming takesWhy you may have to show your property several times before you get a bookingHow a crew might change your space to accommodate the scriptHow to design a short-term rental space to attract the film industryConnect with LauraThe Suite Life WhistlerThe Suite Life on InstagramLaura on VRBOResourcesPeerspaceNikki & Nora: Sister SleuthsCreative BCPeloton Bikes on GPFYP EP392GPFYP on YouTubeGPFYP on InstagramSTR Legends MastermindFREE Airbnb Starter GuideReview GPFYP on Apple PodcastsSTR Profit AcademyEmail [email protected] X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

The number of day-to-day decisions you must make when running a business can be insurmountable. It's easy to let the creative team connection fall by the wayside. And let's be honest, ZOOM meetings aren't the same as carving out time away from the distractions of the office with the key players of your team somewhere new where the creative juices can flow. We've just returned from our team quarterly off-site, and today we're sharing our biggest takeaways from that experience with our listeners. On this episode of STR Conversations, Eric and I are walking you through the BIG benefits of shutting off technology and being 100% present with your key team members. We'll share why time away from the day-to-day is vital to solving the biggest challenges in your business—no matter what size your organization is.  Listen in for a breakdown of what precisely an off-site is and a behind-the-scenes look at our Q3 off-site for Freewyld and Overnight Success. We’ll offer you expert insight into how the BIG corporate teams, like Instagram, Facebook, and Google, evaluate their goals and share our biggest takeaways from our team off-site. Plus, we'll share our discovery that we've been operating Freewyld as hectic hosts and the actionable steps we're taking in Q4 and beyond to change that. If you are interested in an insider's look at the structured format we use for our off-sites, email us, and we'll get it right out to you. Topics Covered The difference in energy when the big players in a company gather to brainstorm ideasThe first thing to do during your off-site to get the creative juices flowingWhy shutting down technology is the key to solving the biggest challenges in your businessHow 90-day vision planning impacts your goalsThe most important part of the off-site (hint: it's not goal planning)Why it's essential to take a step back from the emotional attachment to your goalsHow do you evaluate your goals according to an expert who has run BIG corporate teams for companies like Instagram, Facebook, GoogleHow to develop a plan for the upcoming to ensure the success of your entire teamThe BIG difference between making it like Elon Musk and struggling as a hectic hostWhy shortcuts won't work for building a business (unless you do this)How making a decision empowers actionThe key difference between building an STR business and a hospitality brandResources  Get the Structured Off-Sites FormatLegends X Short-Term Rental AcceleratorFREE Airbnb Starter GuideGet Paid for Your Pad NewsletterSubscribe to GPFYP on Apple PodcastsReview Get Paid For Your Pad on Apple PodcastsSTR Legends MastermindEmail [email protected] ByLegends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

"Girls Just Want to Have Fun" and bachelorette weekends are an expanding short-term rental niche where you can charge premium rates and make bank. But they can also come with some very BIG drawbacks. So, how can you set the right expectations from the start so you can tap into the lucrative ‘girls trip’ market without ending up with noise complaints and destroyed property? STR investor Kent He saw the demand for bachelorette trips in Scottsdale, Arizona, so he studied the data, took a chance, and jumped in—a move that paid off! Now, he's using his influence in the STR space to advocate for the development of affordable housing for all. On this episode of Get Paid for Your Pad, Kent joins me to talk about why it's vital to have a niche to be successful in the Airbnb space today and how his bachelorette-themed properties are skyrocketing his revenue. We discuss how he gathered the data to make his properties a success and the role the Get Paid For Your Pad podcast played in helping him determine when the time was right to focus full-time on his short-term rentals. He'll share why paying attention to the smallest details makes the most impact in the girl getaway niche and how to bring your vision for your properties to life to give your guests an unforgettable 5-star experience. Listen in as Kent shares the 4 questions he uses to screen out problematic guests and the policies you must have in place if you want to successfully host girls weekends at your Airbnb properties. Plus, how a beauty bar and a Peloton bike help them attract right guest avatar. Topics CoveredWhy you need a niche to be successful in the Airbnb space todayHow Kent’s company uses their property names and images to draw in guestHow over-delivering on the small details delivers the best experience possible for all girl getawaysThe 4 questions Kent and his team use to vet their guests (and screen out problems)The critical policies you need in place if you want to host bachelorette partiesThe life-changing thing Kent learned from listening to the Get Paid for Your Pad podcastHow Kent and his team are using their Airbnb listings to debunk the myths and expand their mission for affordable housing for allConnect with Kent HeKent on Instagram ResourcesLe SoleiGirls trip @Spa de SoleiLindsey Petersen CollectionsLegends X STR AcceleratorGet Paid for Your Pad NewsletterLeave A Review of Get Paid for Your Pad on Apple podcasts for a chance to WIN FREE Airbnb Starter GuideSTR Legends MastermindEmail [email protected] ByLegends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

Fueled by the increasing demand for rentals for digital nomads and the uptick in regulations by cities on short-term rentals, medium-term stays are now the fastest-growing category on the Airbnb platform.So, how can we jump into the medium-term market and get all the benefits of investing in Airbnbs without the hassle of turnover or the risk of changing city regulations?Zeona McIntyre has been an Airbnb host since 2012 and owns 12 long-term, mid-term, and short-term units. As an avid real estate investor who owns and manages a double-digit portfolio, she teaches listeners how to achieve financial freedom through real estate on her podcast, Invest2FI. Zeona is the co-author of the soon-to-be-released book, 30-Day Stay: A Real Estate Investor’s Guide to Mastering the Medium-Term Rental.On this episode of Get Paid for Your Pad, Zeona joins me to talk about what constitutes medium-term and the advantages of these types of rentals.Listen in as Zeona shares some insider tricks for finding more customers, managing your calendar, and the special touches she adds to make her guests feel at home in her medium-term rentals. Plus, she reveals her secret insider trick for filling up last-minute bookings.Topics CoveredWhich type of rental is the most hands-off (and which is the intensive)The difference in ROI between short-term, medium-term, and long-term rentalsHow to use medium-term rentals to fill up your calendar when you are not ‘in-season’Where the highest demand for medium-term rentals is right nowWhere to find customers for your medium-term property rentalsBest upgrades to add to your medium-term rentals to impress your guestsHow Zeona manages her calendar to keep out the gaps in stays in her rentalsZeona's SECRET for filling up last-minute bookingsConnect with Zeona McIntyreZeona McIntyreZeona on InstagramResourcesPreorder 30-Day Stay: A Real Estate Investor’s Guide to Mastering the Medium-Term RentalWhat You Should Know Before You Buy Property with Zeona McIntyre EP110LandingFurnished FinderLeave A Review of GPFYP on Apple podcasts for a chance to WIN Sponsored ByLegends X STR Accelerator Hosted on Acast. See acast.com/privacy for more information.

Every day for an STR entrepreneur is filled with numerous tasks, some of which consume the time you could spend growing your business using your unique skills. If only you could get the low-level projects off your plate, freeing up your time to focus on taking your business to the next level. You can if you hire a virtual assistant (VA). It's easy to hire a VA. But it's not always easy to hire the right one, assimilate them into the culture of your business, and then keep them as a part of your team while growing their role. Most hosts don't have a plan for any of it, so they end up in the cycle of hiring and firing VAs until they throw in the towel and decide working with a VA isn't working. It doesn't have to be that way. On this episode of STR Conversations, Eric and I are announcing a special FREE step by step training we are dropping next week and share how you can be a part of it for FREE. We'll walk you through some of the most common mistakes STR hosts make when hiring and working with VAs and what we learned from some of our own (not-so-successful) experiences. Listen in for a preview of the upcoming training as we share everything from the types of tasks a good VA can take over for you, to where to find the right hire and how to ensure your partnership will be successful. If you are interested in hiring a virtual assistant or you want to work better with yours, the FREE Step-by-Step Plan to Hire, Train, and Retain the Perfect Short-term Rental Virtual Assistant is coming Monday, September 19 at 1:00 Pacific. Sign up here! Topics Covered How do you know if you are ready to hire a virtual assistantThe most common mistakes people make when they first start a partnership with a VAThe truth behind why your partnership with your VA isn't workingThe BIGGEST challenges of solving your VA hiring issuesWhat you need to do before you hire your first Virtual AssistantHow to test your systems to be sure they are ready for actionWhy you need to create your systems NOW (and how to use FREE software to do so)The #1 reason virtual assistants leaveWhere to find your first top-quality hit-the-ground running virtual assistantHow to successfully onboard your new VA team member to set them up for successDetailed strategies to help your VAs feel like the talented team members they areResources  Virtual Staff Finders4 Hour Work WeekThe 15 Commitments of Conscious LeadershipLegends X Short-Term Rental AcceleratorFREE Airbnb Starter GuideSubscribe to GPFYP on Apple PodcastsEmail [email protected] ByLegends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

Right now, many property owners and managers are looking into ways to expand their bookings for the slow season ahead. So, how can we monetize our rental spaces outside of Airbnb and expand our bottom lines? Jackie Nedin is the CEO of PHX STAYS, specializing in Arizona vacation rentals and boutique style management with properties in Chandler, Phoenix, Gilbert, Tempe, Mesa, Queen Creek, Sun Lakes, and Scottsdale. With award-winning interiors and details that celebrate what’s unique about every city, PHX STAYS is bringing enriched experiences to their guest and property owners. On this episode of Get Paid for Your Pad, Jackie joins me to talk about how a bad month for her STR properties, combined with an email from Get Paid for Your Pad, led her to try listing her properties on Peerspace. She shares the unique features of her most popular property and how her ‘drive right in’ spirit led her to a $6K return in one month from the Peerspace site. Listen in as Jackie shares the types of events for which her spaces have been used and what kinds of rentals work best in the Peerspace marketplace. Plus, her advice for those in the STR space looking to list their properties on Peerspace. Topics Covered What prompted Jackie to get into the STR space and PeerspaceWhat niches work best with PeerspaceWhy not every space is a good fit for PeerspaceThe array of uses Jackie’s properties have been used for through PeerspaceHow rates and reviews work with PeerspaceThe most important things to consider when you want to use your properties within PeerspaceWhat types of spaces are photographers looking for photoshootsHow Peerspace has changed the types of rental properties Jackie is seeking to invest inHow to get repeat guests on the Peerspace marketplaceJackie’s advice for those looking to get into the Peerspace modelHow Jackie and her team are planning to go forward with Peerspace Connect with Jackie NedinPHX STAYSPHX STAYS on Instagram Resources PeerspaceHow to Rent out spaces for events on Peerspace (EP470)Legends X STR AcceleratorGet Paid for Your Pad NewsletterFREE Airbnb Starter GuideSTR Legends MastermindEmail [email protected] ByLegends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

"The people who are crazy enough to think they can change the world are the ones who do." — Steve Jobs Every single human has the same number of hours in a day. But high-achieving enterprising individuals such as Kevin Hart, Elon Musk, and Tim Kennedy seem to make better use of their time, exploring what's next while investing in the now to make the impossible possible. So, what's the difference between them and you and me? It's all about the decisions we make! On this episode of STR Conversations, Eric and I discuss the 3 things you need to achieve more significant results in your business and life with less effort. We'll share an update on the hotel purchase process, and our recently discovered insight into the two-pronged challenge of buying existing STR properties or other businesses. Tune in as we discuss what you need to focus on to achieve the biggest ROI on your investment in your business. We'll walk you through the 2 qualities the most successful people share and delve deep into how you too can obtain your true vision for your business. Listen in as we share the key components of the host vision map and the steps to take to make it a reality. Plus, we share some success stories from our Legends X students and offer tips for our listeners on celebrating your wins to help you stay the course to your success. Class 5 of Legends X begins October 17th - Right now, we're offering a $500 discount on the program for fast action takers. APPLY NOW! Topics Covered The key difference between acquiring real estate and acquiring a businessWhy it's VITAL to determine your end goal or exit strategy in the beginning (especially when working with investors)The 3 things you need to build BIGGER for the futureWhere you get the biggest ROI on your investment in your businessWhy the vision pillar is the first pillar of the Legends X programThe key components of the Host Vision MapWhat consistency really requiresHow celebrating the small wins can keep you on target on your trek toward your BIG goalsHow to formulate a holistic approach to obtaining your BIG visionResources  American GluttonLegends X Short-Term Rental AcceleratorFREE Airbnb Starter GuideGet Paid for Your Pad NewsletterSubscribe to GPFYP on Apple PodcastsReview Get Paid For Your Pad on Apple PodcastsSTR Legends MastermindEmail [email protected] ByLegends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

"Even though 99% of retail happens on screens or shelves, those aren't where the real moments are. The real moments are in native settings."— Marc Hostovsky Thousands of advertising dollars are spent on Facebook, Google, and Instagram pop-ups and influencers to create meaningful moments with products.However, all of it still misses the mark on the end-user experience. Hosts have a lot of value in this attention economy, and they're not getting credit for it. But my guest is out to change that. Marc Hostovsky is the founder of Minoan, a platform where hosts can purchase furniture and amenities at a 30 to 60% discount and then make the items shoppable for their guests and earn a commission. On this episode of Get Paid for Your Pad, Marc joins me to talk about how his background in retail gave him the idea for Minoan. He'll walk us through Minoan's unique marketing partner relationship with some of the top brands in the home furnishings space. We discuss how to use higher-end furnishes and appliances to create a more cohesive look for your brand and a more unique (and memorable) guest experience—a win-win for both sides of the equation.  Listen in as Marc shares some of the brands they are currently working with, their plan for future expansion, and how working with them can change the economics of your STR business. Plus, Get Paid For Your Pad listeners can get a $25 credit for signing up with Minoan today!Topics CoveredWhat's the fastest‌ growing segment in hospitalityMarc walks us through how the idea for Minoan clicked for himWhere you should invest in the higher quality furnishings for your rental spacesWhere the best product experiences happen for consumersThe value of STR hosts in the 'attention economy'The benefits for brands to have items in your rental propertyThe 2 biggest benefits of working with Minoan to furnish your STR listingsHow the commission structure works for hosts partnering with MinoanConnect with Marc HostovskyMinoanMarc on LinkedInResourcesGet a $25 Credit on Your First Order with MinoanLegends X STR AcceleratorGet Paid for Your Pad NewsletterSTR Legends MastermindEmail [email protected] ByLegends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

The STR industry is changing. With more investors, bigger companies, and new laws cropping up daily investors (like us) are asking what the best way is to scale? For us, the answer is turning our focus to buying properties you can legally run as short-term rentals forever. The biggest opportunity in our industry right now is acquiring old vacation rental communities to convert into modern short-term rental experiences.But how does the process for acquiring these properties work? On this episode of STR Conversations, Eric and I discuss why the next natural phase in the STR business is acquiring boutique hotels. We'll walk you through our search for the 'right' property, how we found the property we are working on acquiring, and the features that make this hotel perfect for adding to the Freewyld portfolio. Tune in as we discuss the steps in the hotel purchasing process. We share the scenarios and analysis process we used to develop our offer, how the due diligence process works, and what we're learning through this transaction. Listen in to learn the most important things to keep in mind when working deals to purchase hotel properties. Plus, a behind-the-scenes look at how we plan to integrate this property into our Freewyld brand.  Topics Covered The big shift in the current real estate market that's increasing investment buying powerWhy it's vital to look at now but also look ahead when investing in STR propertiesHow we used the property abundance plan to build the relationships that led to this opportunityThe 2 BIG perks with this property for immediate cash flow and next-level income for our brandThe benefits we offered to the seller to make the transaction go smoothly on both sidesHow this purchase will affect our staffing needs (hint: we'll remain 100% remote)The most critical aspects of due diligence when working bigger deals like theseWhat the numbers for this property look like now vs. the potentialWhy markets where you can maintain higher occupancies are the biggest opportunity for STR investors right nowResources  Legends X Short-Term Rental AcceleratorSTR Legends MastermindGet Paid for Your Pad NewsletterSubscribe to GPFYP on Apple PodcastsEmail [email protected] ByLegends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

Online Travel Agencies (OTA) spend millions in marketing and advertising to drive online searches to their websites. A great thing for STR hosts. Or is it? It’s dangerous to have all your STR hosting business on a site you don’t own. But it can be just as risky to go 100% in direct bookings. So how can you be sure you have a healthy mix of OTA and direct bookings? And how can you drive more direct bookings to expand your brand? Mark Simpson is the founder of Boostly and the host of The Boostly Podcast. As one of the top consultants in the STR industry, Mark has worked with thousands of hosts to help them increase their direct bookings and build better websites and marketing campaigns. On this episode of Get Paid for Your Pad, Mark joins me to walk us through how to diversify your bookings to maximize your income. He’ll walk us through the 3 main strategies you can use to drive your guests to book with you directly, plus ways to use the personalization options on Airbnb to boost your brand and your direct booking book of business. Listen in to learn how to make the visibility of the OTA booking sites work for you instead of against you and why it’s vital to build your STR business on ‘your own land.’ Mark shares how you can find out your direct booking marketing score for FREE, plus an opportunity for one of our listeners to win a personalized marketing consultation! Topics Covered Why you need a healthy mix of direct and OTA bookingsHow to make the visibility of the OTA booking sites work for youThe biggest mistakes hosts make when they start with direct bookingsHow to use your Airbnb listing to engage bookings on your brand’s booking websiteThe one question to ask your former guests to land more bookingsFREE ways to use social marketing in your niche for more visibilityWhen to use OTA and when to use direct bookings in your STR hosting journeyHow to find out your direct booking score Connect with Mark SimpsonBoostlyMark on InstagramResourcesFind Out Your Direct Booking Marketing ScoreKristen and MichaelHow To Use Email Marketing To Drive Bookings (EP. 332)Legends X STR AcceleratorGet Paid for Your Pad NewsletterSTR Legends MastermindEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

In this influencer-fueled world, we are constantly told that we must hit certain milestones to be a 'real business.' But the truth is, out of the 28 million companies in the United States, only 4% ever reach $1 million in revenue. And from there, only about 1 in 10 makes it to $10 million in revenue. Scaling requires an intentional focus on the "four major decision areas every company must get right: People, Strategy, Execution, and Cash." So, how can you scale your STR business and achieve the growth you envision? We've just started reading Scaling Up: How a Few Companies Make It...and Why the Rest Don'twith the STR Legends Mastermind, and it's already been influential for our team. For the next four months we will devote an episode of Get Paid For Your Pad to going through the book's different sections, "People, Strategy, Execution, and Cash." On this episode of STR conversations, Eric and I share some of our key takeaways from the people section of Scaling Up. Listen in for an overview of such topics as the difference between a good manager and a great manager and how to hire the right people for every role on your team and then help them play to their strengths and grow. We share what an A-player is and what they bring to your team. Plus, the one thing that will make or break the success of every aspect of your company. Topics Covered  Why you need to get clear on exactly how many listings YOU need to get to where YOU want to goWhy it's so important to solve your team management issues in the beginningHow Scaling Up can help your business no matter what stage you are inThe most important aspect of scaling your businessHow big your team really needs to beWhy it's so important to step up as a leader in your company to scaleThe 2 most significant tests each member of your team needs to passWhat slows down the growth of a companyHow many people have to apply for your position before you find your A-team playerThe key to hiring A-players at every level of the companyWhy accountability will make or break the success of your companyHow to determine if your strengths as a leader are hindering your company's growthResources Scaling Up: How a Few Companies Make It...and Why the Rest Don'tTraction: Get a Grip on Your BusinessThe Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful BusinessesFREE HOST ASSESSMENT: Grow Your Airbnb BusinessAPPLY NOW for the Legends X STR Accelerator class beginning October 17!FREE Airbnb Starter GuideSubscribe to GPFYP on Apple PodcastsEmail [email protected] Legends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

"In the summer of 2014, we were in Vegas, trying to figure out how to sell more books, so we decided to start a podcast. We bought a mic and messaged a host we knew to interview for Episode 1."—Jasper Ribbers That impulsive decision led to the long running Get Paid For Your Pad podcast, with over 1.3 million downloads. Today we are celebrating a milestone—the 500th episode! On this edition of STR Conversations, Eric and Jasper are switching seats, with Eric talking over the mic for an interview with Jasper. From the "Traveling Dutchman" travel blog to the Get Paid For Your Pad book, Jasper shares his journey to the successful Get Paid For Your Pad podcast.  Listen in for a glimpse behind the scenes of the podcast, the biggest challenges on the journey to Episode 500, and the #1 key to the show's success. From the mom-and-pop hosts to the biggest titans in the industry, Jasper shares his favorite episodes and the life changing lessons he's learned from his guests along the way. Plus, he shares the story of Brian Chesky's famous tweet about the catchy Get Paid for Your Pad jingle and why it's here to stay! Listen in to this inspirational episode for tips on how to grow your influence and establish yourself as an expert in your own market. Are you a longtime listener of the show? We'd love to hear from you! Let's surprise Jasper with some new reviews to celebrate the 500th Episode of Get Paid For Your Pad! Topics Covered Why consistency always beats experience in the race for successJasper shares his podcasting journey and the lessons he's learnedThe #1 reason for the success of Get Paid for Your PadThe impact of the podcast in terms of Jasper's influence in the STR spaceWhy consistency is the key to leadership and influenceThe future plans for the Get Paid for Your Pad bookThe powerful lessons we can learn from the sharing economy spaceThe key to successful leadership and influenceThe 3 most important tenets of bringing value to your audienceHow to grow your sphere of influenceResources Get Paid For Your PadEP024 Airbnb's Head of Hospitality Chip Conley, Divulges His Best Advice for Airbnb HostsEP175: How to Integrate Airbnb in Your Real Estate BusinessEP186: This Week in the World of AirbnbFREE HOST ASSESSMENT: Grow Your Airbnb BusinessAPPLY NOW for the Legends X Short-Term Rental Accelerator class beginning October 17!Subscribe to GPFYP on Apple PodcastsEmail [email protected] X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

The Airbnb industry is evolving, and, with it, so are the visions STR hosts hold for their businesses. Gone are the days of throwing up any listing and expecting success. The industry has changed. There is a lot more education available, offering new ways for hosts to learn what is possible for them and the business they want. Before each Legends X Short-Term Rental Accelerator class, Eric spends his time on the phone talking to potential participants about what they are looking for to take their business to the next level. So, who are the up-and-coming hosts of today, and what are STR business owners seeking to sustainably grow their business to the next level? On this edition of STR Conversations, Eric and I sit down to discuss the 3 biggest things applicants are seeking for their business when applying for the Legends X program. We walk you through how our VOS system helps participants in the class get clear on what they want and then implement it to build a sustainable business. We’ll talk about what areas of hosting entrepreneurs are moving away from and offer insight into the new and exciting niches hosts are exploring in order to offer world-class experiences to their guests.  Listen in for a preview of the Legends X program and learn how the VOS system can help YOU transition from STR host to hospitality business operator. Plus, you can now get our Host Assessment, part of Legends X, for FREE! Want to be a part of the next Legends X Short-Term Rental Accelerator class beginning October 17? Apply NOW! Topics Covered Why there is such a massive uptick in the Airbnb and hospitality industryThe 3 things Legends X applicants are seeking for their businessesWhat are the new and popular niches in the STR Airbnb spaceThe 3 areas we focus on in Legends XThe biggest challenge of creating the business you envision Why the transition from Airbnb host to a hospitality business operator pays such huge (all around) dividendsHow we determine who is coachable and ready for Legends XThe amazing mindset transitions we’ve seen through the Legends X courseOur #1 goal for every person who takes part in the Legends X Short-Term Rental Accelerator class Resources FREE HOST ASSESSMENT: Grow Your Airbnb BusinessAPPLY NOW for the Legends X Short-Term Rental Accelerator class beginning October 17!Good to Great: Why Some Companies Make the Leap and Others Don't2022 Vacation Rental Management Association Conference   Email [email protected] Legends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

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You want to drive more bookings for your Airbnb properties at a higher revenue. To do that, you know you need to create experiences that will connect with your guest avatar and are cohesive to your brand.But before you start renovating, you need to understand what the ROI will be and if the money you spend be worth it for your bottom line and the guest experience.So how do you create a budget for the guest aesthetic you seek and still make a profit?On this episode of Get Paid for Your Pad, Eric and I walk you through the questions you need to ask before you begin to make your renovation budget.We'll walk you through all the small details you need to consider when determining which elements to select to assure you are creating the experience your guest is looking for when they book your property.Listen in for insight into how creating world-class experiences can help you justify higher prices. Plus, how to cultivate the same experiences the big hoteliers do by focusing on the five senses.Topics CoveredWhy the discovery phase is the most challenging part of budget planningThe first question to ask when making your renovation budgetHow to use AirDNA to compare to the top performing units in your marketWhat you need to look at to determine what will create the experience your guest is looking forHow to cultivate the ‘every detail matters’ experience of big hotels without their budgetThe most crucial factor in determining your renovation budgetWhy your brand is just as valuable as the real estate you build it onHow to put together a vibe or lookbook for your interior designerHow creating world-class experiences can help you justify higher nightly pricesResourcesSpirit Line Cabin Between Alma & BreckenridgeAirDNARentedScaling Up: How a Few Companies Make It...and Why the Rest Don'tLegends X Short-Term Rental AcceleratorSTR Legends MastermindSubscribe to GPFYP on Apple PodcastsEmail [email protected] ByLegends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

Wouldn't it be great to be able to operate your STR business from anywhere while you travel and explore the world?True freedom is being able to operate your business from anywhere you are or feel like waking up in the morning. But is that really possible? And if so, what are the pros and cons?Sean McGregor is the Chief Experience Officer at Stay Work and Play. A digital nomad, Sean loves working remotely while traveling with his family. He's an Airbnb Superhost with over 2500 reviews and a 4.96 overall rating. His hosting story appears in the book Hospitable Hosts: Inspiring & Memorable Stories From Airbnb Hosts Around The World To Educate & Motivate.On this episode of Get Paid for Your Pad, Sean joins me to discuss how he turned his STR business into a lifestyle business hosting remotely with property owners all over the country—most he's never even met in person.Listen in as Sean shares how his business took off after he completed Legends X. He'll walk us through the tips and tools he learned from the program that have helped him hold fast to the goal he lives by for his digital nomad family and his ambitious host oath.Plus, the business hacks he uses so that anyone on his team can successfully replace him in the day-to-day of running his STR business.If you're interested in growing your business, we have a few spots in our next Legends X STR Accelerator class. Don't wait—Apply Now! Plus, our new FREE training: The Step-By-Step Plan for Scaling Your Airbnb Business to $1M and Beyond.Topics CoveredThe hacks Sean uses to put his business on autopilot so that he can live location independent with his family2 processes Sean put in place to achieve his high bar host oathWhy putting yourself into a traveler's mindset will help you deliver the best guest experience possibleHow he overcame the challenges of renting places he's never seenThe two-pronged discovery process Sean uses to ensure his guests leave a 5-star reviewHow he's addressing owner issues while smoothing things out for his teamWhy Sean thinks his location anywhere lifestyle has helped him work with more ownersThe #1 thing that helps him stay prepared for the curveballs that come up in his STR businessWhy his goal is to help other STR hosts become digital nomadsConnect with SeanSean on LinkedInResourcesScaling a Remote Co-Hosting Business While Maintaining a 5-Star Guest with Sean McGregor (Ep390)The Step-By-Step Plan For Scaling Your Airbnb Business to $1M and BeyondHospitable Hosts: Inspiring & Memorable Stories From Airbnb Hosts Around The World To Educate & MotivateEmail [email protected] byLegends X STR Accelerator Hosted on Acast. See acast.com/privacy for more information.

Accountability is what drives results in your personal life, for your health goals, for your teams, and especially in your business.Accountability is everything for scaling a business. It's also one of the biggest things that can hold STR entrepreneurs from reaching their goals. Most of the hosts we talk to want to grow in their business, but they're stuck in the same spot, experiencing the same challenges over and over because they haven't created accountability within their team. So how do you add layers of accountability to your business and team dynamic? On this episode of Get Paid for Your Pad, Eric and I share some ways we've used accountability in our own lives to reach our personal and business goals. We'll walk you through how we use layers of accountability in our businesses, with our team, and in the Legends X program so you can reach your STR business goals much sooner. Plus, why pain points are an excellent motivator for results. Listen in for insight into why we operate Legends X with the philosophy of 'what do they need, not what do they want' and how that's led to a 98% success rate and more extensive results in a smaller time frame for the STR hosts in the class. If you want to be held accountable by us and our program, apply today for the next class of the Legends X Short-Term Rental Accelerator. Topics Covered Why accountability should be at the forefront of decision-making in your lifeHow a lack of focus can impact all areas of your lifeThe 3 things you need to make accountability workEric shares how accountability played an enormous role in his weight loss journeyWhy daily check-ins are vital to holding you to your goalsWhy pain points are an excellent motivator for achieving higher-level resultsHow layering accountability builds bigger results3 ways to use your project management tools for more measurable resultsWhy checking in with all levels of your team assures you're all rowing in the same directionWhy we added check-ins to the Legends X program to help participants complete their action items in a shorter time frame (for better results)Why we have a 98% success rate with Legends X Resources  Get Paid for Your Pad YouTube Channel75 HardLegends X Short-Term Rental AcceleratorSTR Legends MastermindSubscribe to GPFYP on Apple PodcastsEmail [email protected] ByLegends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

Many companies are shifting their employees to working remotely, allowing many people the flexibility to live more of a nomadic lifestyle. This has led the 30-plus day stays to become the fastest growing category on Airbnb right now. But what are the pros and cons? And is it profitable? Toby Doré currently manages over 20 units in 'Cajun Country' downtown Lafayette, Louisiana, and has over 5000 reviews on Airbnb. He's also a full-time sports psychology professor at the University of Louisiana and writes the travel blog, "The Cajun Traveler." Toby was in the first class of Legends X. His story appears in the book, Hospitable Hosts: Inspiring & Memorable Stories From Airbnb Hosts Around The World To Educate & Motivate. On this episode of Get Paid for Your Pad, Toby joins me to discuss how he transitioned his properties to 30-day plus stays during the pandemic to keep his business alive and why he's keeping them there in the fastest growing category on Airbnb. Listen in as Toby shares the two biggest lessons he's learned from having his properties in the 30-day plus leasing model, how he uses his travel blog as a marketing tool for his STR business, plus some important tips about LTR leases.  The next Legends X STR Accelerator class begins February 28, 2023. If you're interested, apply now. Topics Covered The importance of contracts, leases, and tenant's rightsWhere Toby found 100% of the leads for his pandemic long-term rentalsThe biggest disadvantage of the 30-day leasing modelThe key difference between regular contracts and arbitrage contractsToby's pricing strategies for managing both his 30-day leases and his STRsWhy having a blog about your STR market is a powerful marketing toolWhy Toby decided to get involved in the Hospitable Hosts book projectThe 2 biggest lessons Toby learned when he transitioned to the 30-day+ leasing modelThe important connections Toby made through Legends XConnect with TobyThe Cajun Traveler on FacebookThe Cajun Traveler on InstagramResourcesHospitable Hosts: Inspiring & Memorable Stories From Airbnb Hosts Around The World To Educate & MotivateHospitable HostsThe Cali Adventurer BlogEP200: A Serial Airbnb Entrepreneur from Lafayette Apply for Legends X STR AcceleratorGet Paid for Your Pad NewsletterSTR Legends MastermindEmail [email protected] byLegends X STR Accelerator Hosted on Acast. See acast.com/privacy for more information.

2022 is going to be a record year for US short-term rentals.Or is it?On the one hand, the data tells us the STR industry is doing great, while we also see the economic uncertainty, pain at the pump, and an increasing supply of STR units. Plus, there have been recent news reports about some of the big players in the industry going belly up.We're getting mixed signals.So how can we really understand what is going on in the STR industry so we can better plan our business strategies?On this episode of Get Paid for Your Pad, Eric and I share some recent STR industry data and articles.We offer our thoughts on the current hosting market and share consumer insight into why people are still traveling despite the rising cost of everything.We'll walk you through the impact of gas prices, the concern over the the surplus supply of STR units, and why some of the big STR players may have folded.Listen in for insight into what professional hosts are saying about how they are really doing in their businesses. Plus, where the excitement is right now!If you're an STR host who wants to grow or are looking to get started in the industry, we still have a limited number of openings in our 90-Day Legends X Short-Term Rental Accelerator. Apply TODAY!Topics CoveredWhy are big players in our industry going belly upWhy the micro-economy of STR and hospitality is still a good bet even nowWhy Blackstone is looking into digging deeper into the hospitality industryWhy major rental markets are still at 90% occupancy when gas prices are the highest everWhich types of STR hosts will do well in this down economyWhat Eric is learning from the hosts applying for the 4th class of Legends X Short-Term Rental AcceleratorResourcesWhy Hospitality is the Best Place to Work, Invest, and Innovate Now (and in the Years Ahead)Shuttered Property Manager WanderJaunt Is Trying To Sell Its AssetsSkiftAirDNA 2022 Mid-Year Outlook Update: Economic Adversity Can’t Stop STR GrowthLegends X Short-Term Rental AcceleratorSTR Legends MastermindSubscribe to GPFYP on Apple PodcastsEmail [email protected] Sponsored ByLegends X Short-Term Rental Accelerator  Hosted on Acast. See acast.com/privacy for more information.

Competition is increasing in the property management market. More owners than ever are looking to find the best management company for their property that will also help them improve their ROI. So how can you, as a management company, help owners make the best use of their properties and enjoy their homes while still making the biggest ROI? Lisa Stotelmyre is the President of Yellow Brick Road Homes+, with properties nestled in Lake Arrowhead, CA, and Winter Park, CO. Lisa began her journey as a STR host in 2010 by purchasing a run-down property for 55K and increasing its value to 400K. Yellow Brick Road Homes+ specializes in managing 2nd homes for owners so they can enjoy their homes while enjoying the biggest ROI possible. On this episode of Get Paid for Your Pad, Lisa joins me to walk us through the lessons she learned as she transitioned from owning a few units to running a property management company. She shares her #1 reason for joining Legends X and the one philosophy she's learned to embrace from the training that catapulted her to the rising star program and her plans for Yellow Brick Road Homes+.Listen in as Lisa shares how she used what she learned during Legends X to go from a hectic host to a company with 15 to 18 units and a team that's helping her scale. Legends X STR Accelerator class 4 begins August 22, 2022. If you're interested, apply now. Topics Covered Why Lisa got involved in the STR marketHer organic transition from owning to managingThe most important things to consider when transitioning from an owner to a managerHow to create a property management success criterion so mangers and owners are on the same pageThe 3 standards Lisa puts in place for every owner clientThe 2 ways Yellow Brick Road Homes+ maximizes ROI for property owners while ensuring their money is well investedThe amenities investments that increase ROIThe #1 question to ask that increases your value as a property managerThe biggest thing Lisa took away from the Legends X training that helped her transition from a hectic host to managing her own property management company Connect with LisaYellow Brick Road Homes+ on [email protected](562) 900-8132 ResourcesApply for Legends X STR AcceleratorGet Paid for Your Pad NewsletterSTR Legends MastermindEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

Most STR hosts start the same way, by hosting their own home or renting out an extra bedroom.  But there are 5 stages in the hosting journey.  So, how do you get from owning just one rental to growing as an entrepreneur and scaling your STR business into a successful 2 million dollar a year company?  On this episode of STR conversations, Eric and I share that Legends X Class 4 Enrollment is now open. We'll walk you through some of the challenges the program solves for hectic hosts, and we announce the 7 figure coaches that will be participating in this round.  We'll walk you through the Vision, Operations, Scale (VOS) system and how it has impacted the lives and the futures of the 127 companies that have already gone through the program.  Listen in to learn about the power of getting off the 'lonely hosting island' where you're trying to figure things out on your own and into a program that can help you solve your STR hosting challenges surrounded by coaching support and community. We're looking for the right people to join the program. If you're interested, apply now for the Legends X STR Accelerator. Topics Covered How to determine where you are in the 5 stages of STR hostingThe stage of hosting where most STR entrepreneurs get stuck Why it's harder to be successful as an entrepreneur than it is to have a corporate jobHow implementing the VOS system can help you scale more quicklyThe most important part of the VOS systemThe biggest impact STR entrepreneurs have gained from our previous Legends X coursesThe power of having a community support your entrepreneurial journeyWhy Legends X can help any entrepreneur in any industryThe #1 reason to join Legends X if you're currently a hectic hostResources Legends X Class 4 Enrollment From Hectic Host to Legend in Less Than 1 YearFREE Airbnb Starter GuideSubscribe to GPFYP on Apple Podcasts Get Paid for Your Pad Email ListEmail [email protected] Sponsor Legends X STR Accelerator Hosted on Acast. See acast.com/privacy for more information.

How do you grow from one rental cabin in the woods to becoming well on your way to being Colorado's premiere boutique portfolio of luxury vacation rentals? Thomas Barry has worked in the private service industry with very high net worth families, offering high-touch hospitality services for 25 years. He started his STR business Hosting from the Heart, with his wife, Tina, in 2015 after the birth of his first child. Over the past seven years, HFTH has grown to 18+ unique luxury properties. On this episode of Get Paid for Your Pad, Thomas joins me to walk us through the home-away-from-home guest experience and the technologies Hosting from the Heart used that led to homeowners seeking them out for help in managing their luxury mountain properties. Listen in as Thomas shares ‌how he went from a hectic host and W-2 employee to a full-time STR entrepreneur. Plus, what he and his team learned from Legends X that helped them double their growth target in just 12 months to take them closer to their goal of being Colorado's premiere boutique portfolio of luxury vacation rentals. Topics Covered How expanding their family led Thomas and his wife to try the Airbnb modelThe core values and sole purpose of Hosting from The Heart (hint: it's not just about the money)The opportunity HFTH found through master leasingHow their use of dynamic pricing led to more owners signing with HFTHThe 3 big changes the Legends X STR Accelerator program helped Thomas make to catapult the growth of his businessHow Thomas went from hectic host and W-2 employee to full-time STR hostAn inside look at where Hosting from the Heart is focusing after attending the Legends X Mastermind Connect with Thomas BarryHosting From the HeartHFTH on InstagramResourcesRegister for The Step-By-Step Plan For Scaling Your Airbnb Business to $1M and BeyondLegends X STR AcceleratorGet Paid for Your Pad NewsletterSTR Legends MastermindEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

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One of the biggest challenges of the ownership model is scaling fast. It requires capital, partners, and contractors to keep things going. All significant challenges, especially when based in a secondary market. In January 2018, Rob Scarborough went from real estate flipper to accidental Airbnb short-term rental host. His company, Just Like Home Vacation Rentals, based in the Kansas City Metro market, got its start on the ownership side of things. Rob, who recently completed the Legends X program, has now leveraged the tools he learned in the program to grow his company to beyond what he thought was possible. On this episode of Get Paid for Your Pad, Rob joins me to walk us through his accidental start in the Airbnb market, the challenges of STR ownership and his 3 tips for flourishing in the ownership model.Listen in as Rob shares ‌how he’s using his experience to segue into the property management side of the STR industry. Plus, what he and his team learned from Legends X that is helping his company scale more quickly than they ever dreamed. Topics Covered Why Rob chose the ownership model for Just Like Home Vacation RentalsThe biggest advantage of the STR ownership model3 tips for flourishing in the ownership modelWhat to keep in mind when setting up your STR businessCreative ways to find capital for your STR investment propertiesThe best way to find the contractors you need in a smaller marketThe top 3 challenges of scaling the ownership modelThe tactic Rob and his partners use to force appreciationHow Rob’s own vacation persona affects his Airbnb ownership personalityWhat the COVID crisis did to solidify their business modelHow Legends X helped Rob and his team grow beyond what they thought was possible Connect with Rob ScarboroughEmail RobResourcesRegister for The Step-By-Step Plan For Scaling Your Airbnb Business to $1M and BeyondLegends X STR AcceleratorGet Paid for Your Pad NewsletterSTR Legends MastermindEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

Every day through our various programs, Eric speaks with people worldwide running STR businesses, and he always asks them the same 3 questions. They often don't have the answers because they are too tied up in the day-to-day and unclear about where they're going with their company. But the answers to those questions could be the difference between a burned-out hectic host and owning a million-dollar Airbnb business. So, what are those questions? And what can you do to get the clarity you need to scale your STR business in any economy? On this episode of Get Paid for Your Pad, Eric and I announce our upcoming FREE 2-hour workshop called The Step-By-Step Plan For Scaling Your Airbnb Business to $1M and Beyond that will help you answer those questions and more. We share the mission behind Overnight Success and discuss the key to making educated, empowering decisions that will set your STR business up for long-term growth, no matter the economic situation. Listen in for the full details on this hands-on workshop where Eric and I will work with you to implement vital systems and processes from our 90 Day Legends X Program, giving you the takeaways you need to scale your STR Business NOW. Click here to learn more and reserve your spot for The Step-By-Step Plan for Scaling Your Airbnb Business to $1M and Beyond TODAY! Topics CoveredThe Overnight Success mission statement for a successful impact on the STR industryHow your mission statement impacts the success of your businessWhy we chose the parts of the 90 Day Legends X Program we will be sharing with you in the workshopThe most powerful way to energize your entire teamHow to flip the switch from scarcity to an abundant mindsetWhat to pay attention to NOW in your businessThe key to preparing your business for a slowdown in the economyThe critical elements you need for ultimate growth in your STR businessResources  Register for The Step-By-Step Plan For Scaling Your Airbnb Business to $1M and BeyondStart with Why: How Great Leaders Inspire Everyone to Take ActionRichard Fertig on STRs in 2022Legends X Short-Term Rental AcceleratorSTR Legends MastermindSubscribe to GPFYP on Apple PodcastsEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

It's helpful for property management companies to use multiple Airbnb accounts to simplify overseeing numerous properties. But what are the pros and cons of managing several accounts? And how can you set things up for more autonomy? Jason Sterner is the Founder and CEO of Southern Homestay, LLC. Since its inception in 2017, Southern Homestay has strived to create exceptional experiences for its guests while helping investors turn their property liability into income-producing assets through Airbnb. The company aim is to serve people well while building long-term, lasting relationships with its clients. On this episode of Get Paid for Your Pad, Jason joins me to explain how he got started in the Airbnb space, how his family built their business and the lessons they've learned along the way. He shares some of the challenges and payoffs of managing multiple Airbnb listings and how Southern Homestay is adding value to their business partnerships. Listen in for Jason's insight into how to streamline multiple Airbnb accounts to grow your STR business. Plus, what he and his team learned from Legends X that helped solidify their vision for growth. Topics Covered How networking helped Jason build his businessHow Jason and Southern Homestay are helping people make more money by doing lessThe most important decision to make when setting up multiple Airbnb accountsThe number 1 move Jason made to streamline his business and increase cash flowThe 3 best reasons to use multiple Airbnb accountsThe 2 biggest disadvantages of having multiple Airbnb accountsHow Legends X helped the Southern Homestay team crystalize their goals for the futureConnect with Jason SternerSouthern Homestay, LLC.Jason on LinkedInResources Get Paid for Your Pad NewsletterLegends X STR AcceleratorSTR Legends MastermindEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

If you're trying to build a business, you must lead other people. If you're not leading people, you just have a job.When starting out, entrepreneurs often show up with ego, fear, and concern and try to control every situation. But that doesn't solve problems. Your ego might get a win, but you're not actually getting closer to your end goal.So, what is leadership, really? And how can you become a better leader for your team?On this episode of Get Paid for Your Pad, Eric and I explain why leadership is the number one skill set you need to learn to grow your business.We'll share the difference between leaders and managers and how great leadership inspires teams to work together toward a primary goal, setting the tone for the organization's culture.We discuss unconscious ways you might be affecting your culture and your business in a negative way and share some resources that will help you become a better leader for your team.Listen in to understand why it's critical to build your leadership skills to grow something bigger than yourself. Plus, why leadership skills are transferable to every aspect of your life!Topics Covered3 ways becoming a better leader will help you fulfill your business goalsHow to look at your team through the lens of a leaderWhat is the pizza concept for leadershipSolve problems vs. telling people what to doThe 4 main elements of great leadershipWhat does it mean to take radical responsibilityThe ‘90 Second rule’ for overcoming your emotionsWhy it's essential to set the standard for the future leaders on your teamHow to set the tone and communicate the culture of your organizationResourcesExtreme Ownership: How U.S. Navy SEALs Lead and WinThe Dichotomy of Leadership: Balancing the Challenges of Extreme Ownership to Lead and WinThe 15 Commitments of Conscious Leadership: A New Paradigm for Sustainable SuccessCan't Hurt Me: Master Your Mind and Defy the OddsLeadership vs. Authority | Simon SinekHow to overcome STRESSFUL THOUGHTS (90-SEC RULE) | Tony RobbinsSteve Schwab Founder/ CEO at Casago on LinkedInSubscribe to GPFYP on Apple PodcastsGet Paid for Your Pad Email ListLegends X Short-Term Rental AcceleratorSTR Legends MastermindEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

Do you want to maximize your Airbnb rental revenue without spending hours adjusting your prices? As Airbnb hosts, we want to set the best price for our listings to both leverage our income and increase our bookings. But how do we do that without a lot of hands-on management? Jeff Breece is the Head of Revenue Management at Beyond, formerly Beyond Pricing. Since 2013, Beyond has been providing STR managers and owners the tools to help them get, grow, and keep more revenue by using automated dynamic pricing for the best price every day. On this episode of Get Paid for Your Pad, Jeff joins me to explain how to put Beyond's dynamic pricing algorithm to work for you to increase the revenue on your listings. He shares the key areas STR business owners should examine when they start using pricing algorithm software as well as common mistakes to avoid. Listen in for Jeff's insight into what variables to consider when setting your base price and the most important metrics to focus on to maximize your revenue. Topics Covered The most important things to focus on when you first start using a pricing algorithmWhat is the most critical listing pricing numberWhy it's vital to know the marginal cost of a night's stay for your listingWhat factors to consider when determining the highest revenue base priceWhat the health score tells a STR managerHow to use the metrics to match your minimum night stays to the marketWhat is the number 1 factor that affects your STR revenue bottom lineHow to fill calendar gaps using incentives without having a 'fire sale'3 factors to account for when using last-minute discountsThe 2 most common mistakes STR hosts make when they begin using BeyondHow your pricing strategies change as you scaleWhy it's not just about revenue, the other highly valuable pieces of the booking puzzleConnect with Jeff BreeceBeyondEmail JeffResourcesTry Beyond free for 30 daysGet Paid for Your Pad YouTube ChannelGet Paid for Your Pad NewsletterLegends X STR AcceleratorSTR Legends MastermindEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

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What if you could turn openings on your Airbnb calendar into free marketing? Jordan Kahana is the Cofounder of Stayamo, a platform that connects STR hosts with social media influencers, allowing vacation rental operators to exchange free stays for promotion from top content creators. On this episode of Get Paid for Your Pad, Jordan joins me to explore how Airbnb hosts benefit from working with an influencer, explaining how to use lifestyle photography to market your STR and what to do if your unit isn’t Instagrammable. He discusses why the quality of an influencer’s photos is as important as their follower count and describes how to hold a content creator accountable for delivering on your agreement. Listen in to understand best practices for working with content creators to market your STRs and learn how Stayamo can help you connect with influencers who are the right fit for your Airbnb! Topics Covered How Jordan defines a social media influencer vs. a content creatorHow an Airbnb host benefits from working with an influencer (i.e.: content, exposure, etc.)Using lifestyle photography to market your AirbnbWhy Jordan recommends offering a 2-night window for an influencer to stay for freeWhy the quality of an influencer’s photos is as important as follower countWhat to do if your Airbnb isn’t InstagrammableBest practices for working with an influencer to market your STRWhy Jordan suggests asking influencers to book your unit through AirbnbHow to set up an account and find influencers on StayamoHow influencers benefit from building relationships with STR hosts Connect with Jordan Kahana StayamoResources Legends X STR AcceleratorEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

Things are changing and evolving in the economy, and with rising rents and fluctuation in the real estate industry, it was bound to trickle down into the STR market. This week Sonder, one of the biggest short-term rental companies in the world, announced it is cutting 20% of its workforce. On this edition of STR Conversations, Eric and I walk you through Sonder's announcement, their first-quarter losses, and the reality of the over-leveraged master leasing model in a post-Covid market. We discuss what we believe the forecast will be for the STR industry as the crowds return to travel with the current economic correction filtering into cost-of-living increases across the board. Listen in to learn how to position yourself to ride the waves. We’ll offer insight into how to take advantage of the opportunities in real estate and diversify your income streams to handle any season and situation in your STR business. Plus, the two places that are always worth investing in, no matter the economy. Would you like a sneak peek at our STR Legends LIVE event happening June 16th - 20th, 2022, at an incredible beachfront STR property in Oaxaca, Mexico? We'll be sharing stories and photos on social media, so follow Jasper on Instagram and Eric on Instagram and search the #STRLegends hashtag. Topics Covered What economic factors led Sonder to this pointThe critical importance of scenario analysisHow STR entrepreneurs can position themselves to take on more real estate in this marketHow to put yourself in a position to put OPM - other people's money - to work for your STR businessWhy diversifying is the key to survival and even success in a downturnThe 2 critical area to invest in now for more stability in any economyResources Sonder Restructuring to Include Layoffs, Growth LimitsWinter is Coming...But When? Tony Robbins PodcastThe Psychology of Money: Timeless Lessons on Wealth, Greed, and HappinessSteve Schwab Founder/ CEO at Casago on LinkedInGet Funding to Grow Your Airbnb Portfolio with Nectar (Ep444)Join the Overnight Success TeamLegends X STR AcceleratorJasper on InstagramEric on InstagramSubscribe to GPFYP on Apple Podcasts FREE Airbnb Starter GuideSTR Profit AcademyOvernight SuccessEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

In this economy, traveling millennials and more are flocking to destinations based on their desire to fill their social feeds with swoon-worthy pictures from Instagrammable destinations. Late to the Airbnb game but ready to take the plunge, my guest Jeff Brown, the Co-Founder at Loma Homes, did the research, and the results told them Orlando was the place to be with excellent profitability potential. But upon closer inspection, they found out there were 10s of thousands of vacation rentals in the highly competitive theme park mecca. To stand out and be competitive, they would need to differentiate their units in a BIG way. On this episode of Get Paid for Your Pad, Jeff joins me to share how Loma Homes partnered with specialty contractors to create their sought-after properties. With names such as Once Upon a Castle and Pirates Pearl and showcasing amenities such as a Cinderella carriage bed and Southern-style wraparound balconies, Jeff and his team have taken leveraging Instagram-worthy destinations to a new level. Listen in as Jeff walks us through some affordable ways STR hosts can add a theme to a unit to give it that photo-worthy luxury quality without breaking the bank. Plus, he shares his insight into the opportunities available in the current Airbnb model and why now is still an excellent time for entrepreneurs and investors to jump into the STR market. Topics Covered How Jeff and his team worked with custom contractors to create custom beds, fog machines, and lighting effects for their themed unitsWhy location, location, location is more important now than everHow to invest in resort areas with high seasons for peak income flowJeff’s take on the current opportunities available in the Airbnb modelWhat Loma Homes is working on now to compete in the current market and beyondWhy Jeff thinks now might be the perfect time to jump into the STR marketConnect with JeffLoma [email protected] Get Paid for Your Pad YouTube ChannelOutdoorsyLegends X STR AcceleratorSTR Legends MastermindGet Paid for Your Pad NewsletterEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

We all have BIG things we want to achieve in our personal lives and our businesses. But did you know that unless you get clear on what you really want to accomplish, you can get overwhelmed in building your business without ever achieving your big-picture vision? On this edition of STR Conversations, Eric and I walk you through how to accomplish more in your business and personal life through effective goal setting. We discuss the two biggest mistakes entrepreneurs make when setting goals plus and we’ll walk you through the 3-step action plan we use for setting goals in our businesses. I’ll share a story of a personal goal I’m working to achieve, my WHY, and my action plan to get there, and Eric will share a tool he uses to stay on track when he feels like giving up. Listen in to learn the importance of setting compelling North Star goals for your business and the steps you need to take to get laser-focused so you can achieve them. Plus, the most powerful thing you can do today to reach your biggest goals. Topics CoveredWhy both small goals and big goals require the same process to achieveThe bucket and rocks goal action plan for reaching more of your targetsTwo tools to help you stay accountable to your big picture goalsThe one move that gets your subconscious involved and tells your brain to go to work on achieving your goalsThe gut check to make sure you are setting the right goals for yourself and your businessThe most powerful step you can take each day to achieve your goalsHow to determine if your action plan is getting you closer to your goalsThe big difference between reevaluating and giving up on your goalsThe number 1 thing you can do to achieve your number 1 goal Resources Tony Robbins Motivation—How to Visualize to Get What You WantThe 15 Commitments of Conscious Leadership: A New Paradigm for Sustainable SuccessJoin the Overnight Success TeamLegends X STR AcceleratorJasper on InstagramEric on InstagramGet Paid for Your Pad Email ListSubscribe to GPFYP on Apple Podcasts FREE Airbnb Starter GuideSTR Profit AcademyOvernight SuccessEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

Are you thinking of hiring an operations manager to help scale your Airbnb business? Before you start interviewing candidates, it’s important to know exactly what an ops manager does and carefully consider whether that’s the hire you need right now. Aaron Whelan is the Chief Operating Officer here at Overnight Success. He has extensive operations management experience across several industries, primarily serving clients in the coaching, consulting and online education space before joining our team a year ago. On this episode of Get Paid for Your Pad, Aaron joins me to discuss the responsibilities of an operations manager and describe the top three qualities to look for in a COO for your Airbnb business. He explains how to decide what tasks you want to delegate and build a job scorecard for the roles, offering advice on when to build systems and how to train new hires on your short-term rental processes. Listen in for Aaron’s insight around the most common challenges entrepreneurs face in achieving scale and find out what it takes to operate your Airbnb business like a machine! Topics Covered Aaron's experience as an Airbnb guest (including 4 years as a digital nomad)Aaron’s advice for STR hosts around listing photos, communication and welcoming touchesThe role of an operations manager in a vacation rental businessHow to decide what responsibilities you want to delegate and build a job scorecard for the roleWhy Aaron recommends hiring an experienced operations manager who knows every aspect of the STR businessThe top 3 qualities to look for in an operations manager for your Airbnb businessAaron’s insight on the most common challenges entrepreneurs face in scaling a businessWhen an Airbnb host should start thinking about building systemsAaron’s experience working with Overnight Success and the company’s systems mindsetHow a clearly defined vision and customer avatar make decisions easierThe open role for Digital Content Manager on the Overnight Success team Connect with Aaron Whelan Overnight SuccessResources Open Roles at Overnight SuccessLegends X STR AcceleratorSlackVoxerGoogle DriveLoomEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

No matter the size, all business owners have the same challenges, just on a different scale. And hiring is one of the biggest challenges any leader can take on in their business. When Eric and I started hiring, we looked for one thing, somebody with the skills to complete a task. Since then, we've evolved in our business and how we seek to fill the roles on our team. On this edition of STR Conversations, Eric and I walk you through the 4 biggest lessons we've learned about finding the right team members. We discuss where to start the hiring process and the tools you can use to scope out the competition so you can be sure you are hiring snipers instead of generalists. Plus, we'll share an insider tip on how to attract and hire A-Players, no matter the size of your business. Listen in for a look at our specialized application funnel and how we measure the success of our team members. Plus, we share the most valuable tips we've gathered from the experts on finding the people who understand your vision and who will be a part of your team for the long haul.Would you like to be part of the Overnight Success Team? We are Hiring! We're seeking a Digital Content Manager and an Enrollment Specialist.Know someone who would be a good fit? We're now offering a hiring referral bonus, so be sure to forward this to those A-Players in your network and be sure they tell us you sent them.Topics CoveredHow hiring evolves within a company as the company growsThe BIG difference between busy team members and those who move the needleHow to develop the skills that will help you cut through the BS and discover someone's true characterWhy hiring slow and firing fast is actually a win-win for all parties involvedHow to use Glassdoor and Upwork to scope out both the talent and the competitionHow to use a referral program to invest in your network and find top talentHow to incentivize the best talent to join your company even when you can't afford them (YET)Our key piece of advice to alleviate the fear of hiring A-playersWhy sharing MORE details about your company vision is the biggest key to successful hiresResourcesJoin the Overnight Success TeamLegends X STR AcceleratorJasper on InstagramEric on InstagramGet Paid for Your Pad Email ListSubscribe to GPFYP on Apple PodcastsFREE Airbnb Starter GuideSTR Profit AcademyOvernight SuccessEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

Airbnb Summer Release 2022 completely revamped the whole search function at Airbnb. Last week on the show, Kelvin Mah, the founder of Rankbreeze and an Airbnb SEO specialist, and I talked about these changes, but there just wasn't enough time to get everything in, so we're doing Part II this week. On this episode of Get Paid for Your Pad, Kelvin joins me for a quick recap of the 8 changes Airbnb has made. Listen in as we walk through what our research revealed about how Airbnb determines which categories to place your property in, which photo they display with your listing, and specific "art" search terms you can use to get your listing found in the design category. Plus, why the photos you include with your listing matter now more than ever.  We'll share 5 action steps every host can take right now to optimize their Airbnb property listings for more clicks with this new search rollout.  Topics Covered How Airbnb determines which categories to place your listing inWhy Airbnb's new algorithm changes your cover photo based on guest selectionsWhy you should optimize the look of your first five listing photos (don't forget mobile)How to shine the spotlight on your property features for more category listingsHow to dial in on your location to help Airbnb understand where to put your listingWhy NOW is the time to invest in amenities to rank in higher value categoriesWhat "art" terms you can use in your property listing to be found in the design categoryHow Rankbreeze helps Airbnb hosts optimize their listingsThe 5 biggest action steps to take NOW to optimize your listing for more clicks Connect with Kelvin MahRankbreezeResourcesGet Paid for Your Pad YouTube ChannelHow to Improve Your Listings’ Search Rank in Airbnb Categories Part I (Ep. 474)Airbnb May 2022 Update | Optimization Strategies Rankbreeze BlogThe Airbnb 2022 Summer Release: Introducing a new Airbnb for a new world of travelGet Paid for Your Pad NewsletterGet Paid for Your Pad on Apple PodcastsJasper on InstagramEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

We officially hired our first team member for our Freewyld brand!We’ve hired a Virtual Assistant (VA) named Mei who will help us start building our brand.On this edition of STR Conversations, Eric and I share how we worked with a company called Virtual Staff Finder to hire our VA and the process they used to help us find the right Virtual Assistant for our Freewyld team.We share the 3 most common questions students in Legend X have about hiring a VA, plus the biggest mistakes people make when hiring that can lead to hiring the wrong team member. Eric shares the plus-minus time tracking process he uses to determine which tasks to delegate, plus, I share my secret for accomplishing more tasks each day.We discuss how to use a job scorecard to improve your job description and increase your chances of hiring the RIGHT person for the job.Listen in for insight into how to find the perfect VA for your Airbnb hosting team, so you free yourself from the day-to-day tasks of managing your business and focus on building your business.Topics Covered The biggest reason for outsourcing the lower-level tasks in your hosting businessWhy a virtual assistant is the first team member we hiredWhy we chose Virtual Staff Finder to help us find our VAThe 80/20 rule for systems and training for your Airbnb teamThe biggest challenge when hiring a virtual assistantHow to take the overwhelm out of hiring team membersWhat shifts our VA will be working for us in FreewyldWhat a Voice Over IP (VoIP) can do for your Airbnb businessThe most valuable thing you can do BEFORE you hire a virtual assistantEric’s plus-minus trick for figuring out which tasks you should delegateJasper's game-changing plan to get more work done dailyWhy job scorecards are invaluable in finding the RIGHT fit for your teamResources How to Hire and Train Virtual Assistants (Ep. 352)How to Leverage Virtual Assistants to Scale Your Hosting Business (Ep. 407)Virtual Freedom: How to Work with Virtual Staff to Buy More Time, Become More Productive, and Build Your Dream Business by Chris DuckerThe One Thing by Gary KellerThe 4-Hour Workweek by Timothy Ferriss5 Multitasking Myths Debunked, Plus 6 Ways to be Productive Without Task SwitchingVirtual Staff FinderRingCentralDISC Assessment by Tony RobbinsEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

Airbnb just released the biggest change to Airbnb categories in a decade. They completely changed the search on Airbnb, leaving everyone wondering how it will affect their listing and if it will still show up. Kelvin Mah is the founder of Rankbreeze and an Airbnb SEO specialist. Rankbreeze is a listing optimization software that helps you optimize your listings to make sure you show up in the Airbnb search results. On this episode of Get Paid for Your Pad, Kelvin joins me to explain how Airbnb has transitioned from a destination-focused search to an experience-focused search and what he believes prompted this change. Listen in as we walk through how you can use additional information in all the areas Airbnb allows to come up in more searches. Kelvin says, "One of the rules around ranking on Airbnb is fighting the filter because everything a guest does is essentially filtering."Kelvin shares his insight on how to zoom in and supercharge your listing to get more clicks for MORE BOOKINGS. Topics Covered How Airbnb is working to shift people's short-term rental investing habitsWhat are the new Airbnb categories and Split Stays featureHow to test 3-day minimums to get more Split StaysDoes your Airbnb title still play a part in your listingThe 2 biggest battles of getting the booking conversion once a user clicks on your listingWhy not using photo captions is a missed opportunity for more bookingsHow to audit the amenities on your Airbnb listing for appearance in more categoriesHow Rankbreeze uses its amenities analyzer to pinpoint the amenities at top-rated propertiesHow Airbnb uses price anchoring to garner more bookingsWhy NOW is time to get new photos of your Airbnb propertyHow to focus and supercharge your listing to stand out, get more clicks, and more bookingsConnect with Kelvin MahRankbreezeResourcesThe Airbnb 2022 Summer Release: Introducing a new Airbnb for a new world of travelHow Airbnb Personalization Affects Search Rankings Get Paid for Your Paid (Ep 276)Get Paid for Your Pad NewsletterGet Paid for Your Pad on Apple PodcastsJasper on InstagramEmail [email protected] BySTR Legends X Hosted on Acast. See acast.com/privacy for more information.

Last September, when Eric and I started building Freewyld, our new short-term rental brand, we took over an existing Airbnb business—four cabins on three acres in Idyllwild, California. At that time, we took over the whole business, including the staff.But over time, we ran into some challenges working with the existing cleaning team.And then the challenges escalated. We realized the cleaning staff wasn’t the right fit for our company; it was getting so bad that it was putting us in a hectic host position and affecting our bookings and reviews.It was time to make a change.On this edition of STR Conversations, Eric and I discuss why we decided to partner with a management company for Freewyld. We share the most frustrating parts that happened in our situation and walk you through the options we looked at when we decided to move on from the team we had in place. Listen in for insight into how we made this transition from negative team members to a rock-solid A-plus team. We’ll walk you through how making this transition helped us step back from controlling all aspects of the business and more fully into our lane of brilliance to make Freewyld more scalable. Topics Covered What to do when the team you have is not a good culture fit with the business you're buildingHow surrounding yourself with negativity brings down your entire operationHow having the wrong team in place keeps you from building your visionHow bookings (and reviews) can be challenged if you don’t have the right cleaning teamsHow we transitioned away from negative team members and found a better culture fitHow we negotiated a cost-effective agreement for higher-level support for our propertiesWhat we learned about bringing on expertsHow surrendering control over some aspects of the business leads to growthThe biggest advantages of hiring and upleveling a teamHow investing in yourself and your business leads to a higher ROIThe immediate payoff of our new team partnershipResources Jasper on InstagramEric on InstagramGet Paid for Your Pad Email ListSubscribe to GPFYP on Apple Podcasts FREE Airbnb Starter GuideSTR Profit AcademyOvernight SuccessEmail [email protected] Legends STR Accelerator Hosted on Acast. See acast.com/privacy for more information.

With larger property management companies looking to add to their portfolios, we're seeing more Airbnb entrepreneurs selling their businesses. But what can you do to structure your business to ensure it's an attractive acquisition target? Julie George discovered the world of Airbnb in 2016 when she listed her one-bedroom unit on the platform. In November 2016, she established Host My Home, one of Australia's largest Airbnb property management companies. In 2019, Julie sold her lucrative business to a larger company to concentrate on mentoring and consulting other budding entrepreneurs to build a business in the sharing economy. On this episode of Get Paid for Your Pad, Julie joins me to explain the process she went through as she prepared her business for sale and how you can structure your business, so it's attractive to buyers. Julie says, "If you've got ten or more properties that you are managing in a property management portfolio, get ready! You're going to get a knock on the door. I can almost guarantee it." Listen in for Julie's insight into why NOW is the time to be sure you've structured your business so it's attractive to buyers—even if you're not currently thinking of selling.  Topics Covered The one thing you need to determine before you decide to sell your Airbnb businessWhat can you do to structure your business to make sure it's an attractive acquisition targetWhere do you find the company that will buy your Airbnb businessHow to make your profit margin as strong as possibleHow asking the right questions can help you determine your best business moves3 ways to find a suitable STR business buyerWhat was Julie's biggest mistake when she decided she wanted to sell her Airbnb businessWhen can't you sell your Airbnb businessWhat comes after the sale Connect with Julie GeorgeMillion Dollar HostResourcesVacasaMillion Dollar Host by Julie GeorgeThe Million Dollar Host (EP 300) with Julie GeorgeHow to Work ON instead of IN Your STR Business (EP 346) with Julie GeorgeJulie George's Takeaways Coaching 52 Airbnb Hosts Through Legends (EP 397)Get Paid for Your Pad NewsletterEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

On this episode Eric and Jasper talk about the biggest Airbnb update in a decade, the 2022 summer release. What are the biggest changes, and what are the consequences for guests and hosts? Listen in and find out! Hosted on Acast. See acast.com/privacy for more information.

Are you looking for another revenue stream for your short-term rental space? Does your property have unique features that would be great for a photoshoot or filming a cooking show? Enter Peerspace the Airbnb for events. Launched in 2014, Peerspace is a global peer-to-peer marketplace that allows you to rent your creative space by the hour for events, meetings, and productions. On this episode of Get Paid for Your Pad, Matt Bendett, the Co-Founder of Peerspace, joins me to share more about the Peerspace concept and some of the unique ways Peerspace hosts are using their spaces. He walks us through everything from cleaning fees to QR codes and everything you need for a great Peerspace listing. Matt says, "The magic for us is when people come together with a great idea. And it gets facilitated because they've entered this really cool space. Every day, every booking, there's a story. It's that intrinsic thing beyond making money itself that a host can be proud of that they were able to facilitate. It's really cool." Listen in as we discuss how the Peerspace platform may offer another revenue stream for entrepreneurs who understand how an online platform facilitates peer-to-peer reservations. We'll delve into how our listeners can combine Peerspace with Airbnb to maximize occupancy and revenue through hourly bookings. Topics Covered ●     How Peerspace differs from Airbnb●     What are the requirements for hosting a Peerspace●     The 3 most popular types of event bookings on Peerspace●     What is the core clientele of Peerspace●     How to combine Peerspace with Airbnb to maximize occupancy and generate more income through hourly bookings●     How many Peerspace listings can you create from your rental space●     How to price your listing to attract the types of rentals you want for your space●     What are major productions looking for in locations for filming●     What amenities are the most requested by people looking for in a Peerspace rental Connect with Matt Bendett and PeerspaceMatt Bendett on LinkedInPeerspaceResourcesSTR Legends MastermindGet Paid for Your Pad NewsletterSTR Profit AcademyLegends X STR AcceleratorGet Paid for Your Pad on Apple PodcastsJasper on InstagramEmail: [email protected] Legends Mastermind Hosted on Acast. See acast.com/privacy for more information.

Are tiny homes the solution for our Freewyld experience?The jury is still out!For those of you who may have missed our recent podcast, we are investigating tiny homes as an option to help get our Freewyld community on the road to being completed and profitable much sooner than the estimated timeframes we are receiving from both contractors and counties.If you missed it, you can listen here.On this edition of STR Conversations, Eric and I discuss some of the comments and questions from our listeners about the options available in the tiny homes market right now. We’ll also share some ‌construction solutions being looked at by other entrepreneurs for their own STR spaces in the current economy.Listen in for insight into the different zoning laws for tiny homes and what that adds as far as challenges go. We’ll walk you through a recent experience we’ve had with rising construction costs. We’ll look at how that is affecting our budget and bottom line for Freewyld, and how that’s playing a part as we continue to investigate the tiny homes offering as a solution.We’ll walk through some recently acquired information about lofts in STR spaces and the challenges going in that direction would present and how it would shrink our customer avatar. Plus, we’ll discuss some options to make the experience at Freewyld more appealing to more of our customer base.Topics Covered ●     Why the understaffing and overstuffing in the airline industry will make the driving markets a solid STR investment●     Why our listener Catherine chose to build her tiny homes on-site and how that affects her branding●     How much the cost of construction has gone up on the price for one bathroom for the Schoolhouse●     The challenges the unique zoning laws for tiny homes brings to the table●     Why the loft floorplan in most tiny home spaces is problematic to the STR bottom line●     How the mass production in the tiny homes market might cause incompatibility with the Freewyld stay experienceResources Freewyld Updates: Investigating the Tiny Home Concept for the Freewyld Brand (Ep465)DEN OutdoorsGet Paid for Your Pad Email ListGet Paid for Your Pad on Apple PodcastsFREE Airbnb Starter GuideSTR Legends MastermindSTR Profit AcademyEmail [email protected] STR Legends Mastermind Hosted on Acast. See acast.com/privacy for more information.

Francisco Arango is an old-school host with over 5000 5-star reviews on his combined Airbnb accounts. He reads and responds to all his feedback because he cares about his guests, learning from and applying it to improve his product and keep things top-notch. Francisco joined me on the show back in 2018, and at that time, he was formulating his plan to begin buying run-down motels to convert into Airbnb’s. Currently, he and his team have 35 doors in operation, with 70 more rooms being rehabbed right now. On this episode of Get Paid for Your Pad, Francisco joins me to share his experience working on these properties and the biggest lessons he’s learned along the way. He explains the journey to financing a business model of this type, the curse, and the blessing behind the Covid pandemic, and how he got his family involved. He shares his unique approach to team building and the high value he places on his company’s culture. Plus as a member of STR Legends Mastermind he’ll share what he’s most looking forward to learning and his reason for joining the group. Listen in for Francisco’s strategy for making his listings stand out, why he’s not concerned about a downtick in the economy, and his advice for entrepreneurs hoping to succeed in the Airbnb ownership model! Topics CoveredWhy having a plan and a vision is so crucial for your projectHow the revenue from his renovated projects is helping him secure future financingThe one mistake a lot of entrepreneurs make in the Airbnb gameThe one policy that has helped Francisco with contractors during this post-pandemic pushHow to make working with architects and contractors more efficientHow Airbnb gets it right when it comes to the STR customerHow Francisco is empowering the members of his team to create a friendly can-do culture Connect with Francisco ArangoFrancisco's Profile on AirbnbFrancisco on LinkedInResourcesThe Infinite GameChip ConleyThe Power of Karmic Capital with Chip ConleyGet Paid for Your Pad NewsletterSTR Profit AcademyGet Paid For Your Pad on Apple PodcastsEmail [email protected] Legends Mastermind Hosted on Acast. See acast.com/privacy for more information.

There are just a few spots left open in the STR Legends Mastermind!The STR space has changed and evolved in the past two years. We’ve gone from not knowing if the industry would survive the pandemic to industry movers and shakers growing from 50 units to 500. There are more professional operators, companies, and entrepreneurs than ever in the STR space, which means more people to network with and learn from.Those changes have shaped the vision of the STR Legends Mastermind and inspired us to take both the live events and the virtual masterminds to the NEXT LEVEL.Listen in to this episode of STR conversations as Eric and I break down our vision for the STR Legends Mastermind. We’ll take you behind the scenes for a look at who has joined us so far to give our listeners a feel for the mix of unique investors that will be in the room with us in Oaxaca, Mexico, June 16th - 20th, 2022.We also bring you up to date on the exciting NEW things we’re doing, including the relaunch of our YouTube channel to document the journey of our Freewyld brand. Plus, I share a money-saving tip for those getting ready to book their ticket to Mexico.Topics CoveredThe purpose of the STR Legends MastermindThe 3 types of short-term rental business owners the STR Legends Mastermind is designed forHow participants in previous STR Legends Masterminds have partnered to create bigger brandsWhy the connections in a mastermind are more worthwhile than Facebook groupsHow advice from the mastermind saved one participant thousands of dollars and helped him better utilize the skills of the key players on his teamThe biggest benefit of spending one-on-one time with legends in the STR industryResourcesSTR Legends MastermindPrior STR Legends Live Mastermind Retreat Get Paid for Your Pad EP278Matt Durian on Get Paid for Your Pad EP440Christian Gissing on Get Paid for Your Pad EP301Hicksville Trailer PalaceThink and Grow RichFREE Airbnb Starter GuideGet Paid for Your Pad Email ListSTR Profit AcademySubscribe to GPFYP on Apple PodcastsEmail [email protected] STR Legends Mastermind Hosted on Acast. See acast.com/privacy for more information.

How does a short-term rental entrepreneur grow from two to 100+ Airbnb units? And then leverage the cashflow from that business to buy a boutique hotel? Rebecca Slivka is the cofounder of boutique hotel Hicksville Trailer Palace and STR management company Pillow and Coffee. Rebecca got her start on Airbnb in the Los Angeles market, scaling the rental arbitrage model to a portfolio of 100+ units. Today, she serves as a coach for our STR Legends X 90-Day Accelerator. On this episode of Get Paid for Your Pad, Rebecca joins me to discuss her expertise in leveraging VAs to grow a STR business and describe how she used the revenue from master leasing to invest in Hicksville Trailer Palace. She explores what differentiates the STR Legends Mastermind from other Airbnb conferences and explains how she benefitted from being a part of the first Legends live event. Listen in to understand how Rebecca’s Legends X students grow so much in such a short period of time and get her best advice for small operators looking to make Airbnb their full-time income! Topics Covered How Rebecca got her start with rental arbitrage and scaled to 100+ unitsRebecca's expertise in leveraging VAs to grow a STR businessRebecca's insight on using cashflow from STRs to invest in real estateThe collection of vintage trailers and other funky units at Hicksville Trailer PalaceThe process of buying Hicksville and how Rebecca benefitted from putting the deal together during the first STR Legends MastermindRebecca's experience coaching Legends X and how her students grow so much in such a short period of timePillow and Coffee's mission to help small- and medium-sized STR operators growRebecca's intention to grow Hicksville and create 'ridiculous, remarkable experiences' for guestsWhat differentiates the STR Legends Mastermind from other Airbnb conferencesRebecca's advice for operators looking to make Airbnb their full-time income Connect with Rebecca Slivka Hicksville Trailer PalacePillow and CoffeeEmail [email protected] STR Legends MastermindLegends X STR AcceleratorRebecca on Get Paid for Your Pad EP285Michael Gerber InterviewThe E Myth: Why Most Businesses Don’t Work and What to Do About It by Michael GerberTony RobbinsEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

We’ve run into some construction challenges that could delay our Freewyld project by up to two years.A massive boom of people moving out of the cities into the mountain areas like Idyllwild, California, has caused a six to 12 month back up of both contractors and counties. By the time we find an architect to design the cabins we want for our Freewyld space and then go through the approval process, find a contractor, and start building, it’s going to stretch our construction process out considerably.So, we decided to investigate some other options that will get our project back on the road to being completed and profitable much sooner.On this edition of STR Conversations, Eric and I discuss how we might be able to use prefab tiny homes to decrease the timeframe that the Freewyld community is shut down.Listen in for insight into the trends in tiny homes and prefab buildings. We’ll walk through the options available in the market right now, plus the risks vs. rewards. I offer my experience and insight into what works in tiny space living. Plus, Eric presents the drawbacks and the advantages of this type of building for the Freewyld brand and our customer avatar. Topics Covered●     A background lesson in tiny home specifics and culture●     The difference between a cabin community and a tiny home community●     How some companies are leveling up the tiny home●     How much do you save by building a prefab tiny home●     What about the longevity of a prebuilt tiny home●     How does buying prebuilt save money●     The 3 biggest downfalls of prefab tiny homes●     What are the benefits of cookie-cutter vs custom-built tiny homes●     How the approval process differs between tiny homes vs. properties with a foundation●     How to take advantage of indoor-outdoor living to create an awesome experience for our guests●     Jasper shares the 3 biggest advantages of a tiny home if it’s done right●     What types of customizing are possible within the tiny home manufacturing specifications●     Eric discusses how we could stay true to the brand archetype of Freewyld using tiny homes Resources KristiewolfeLiberation Tiny HomescitizenMFREE Airbnb Starter GuideGet Paid for Your Pad Email ListSTR Legends MastermindSTR Profit AcademySubscribe to GPFYP on Apple Podcasts Email [email protected] STR Legends Mastermind Hosted on Acast. See acast.com/privacy for more information.

We can all agree we need to conserve energy to save money as heating costs soar out of control.But how can we do that while also impacting the environment, the climate, and our future?Becoming an Airbnb host was the last thing photographer and science writer Nathan Welton saw himself doing. He got into the business by accident, with his first review being a one-star. Even so, he suddenly found himself booked months in advance, reinvesting every dime he made into his properties before moving into starting a management company. Nathan Welton is the owner of The Wolf Rentals, a vacation rental management company born from a need for quality, hands-on cooperative vacation rental management in beautiful Estes Park, Colorado. The Wolf Rentals officially launched in 2020, quickly scaling to 25 properties within a year.On this episode of Get Paid for Your Pad, Nathan joins me to share his vision for his custom a-frame Airbnb community and his hopes to drive change through Airbnb.Listen in for Nathan’s insight on how we can spread change in how we think about our natural resources, our climate, and our future while giving back as much as possible and changing lives. Topics Covered●     How Nathan’s history as a science writer affects his vision of his Airbnb business●     What triple bottom line means and how it shifts the focus away from the profit only business model●     How we can use small positive changes to help people make better decisions●     How Nathan is using biophilic design concepts in his Airbnb community to improve lives●     Passive housing design can reduce the cost of living for lower-income families●     How AI technology can ‌heighten awareness about the energy we use●     Feeding a woodstove taught Nathan about the consequence of energy use●     Bringing the beauty of the outdoors inside can shift people's mindsets●     What led Nathan to where he is now and what prosperity means for him Connect with Nathan WeltonThe Wolf RentalsResources STR Legends MastermindKLM Royal Dutch AirlinesGet Paid for Your Pad NewsletterSTR Profit AcademyLegends X STR AcceleratorGet Paid for Your Pad on Apple PodcastsEmail [email protected] Legends Mastermind Hosted on Acast. See acast.com/privacy for more information.

Gas prices are currently up 50% from last year, and it doesn’t look like they will level off anytime soon. After we faced off with the pandemic are rising gas prices the next hurdle that will trickle down into the SRT industry?At first glance, it would seem like the right answer would be a resounding yes. But there’s actually a lot more data that goes into determining if rising prices are going to trip up the travel industry. On this edition of STR Conversations, Eric and I sit down to discuss AirDNA’s report, How Rising Gas Prices May Influence Airbnb Travel Trends.We’ll cover the average amount of miles a guest travels to their Airbnb and we explain which places and types of accommodations will do better as travel becomes more expensive. Listen in to get a broader sense of what’s happening, and at what point the higher gas prices might start impacting your bottom line. We share the data you need to quell your anxiety about the things you can’t control so you can focus on what you can, so you can determine what decisions you need to make for your business. Don’t forget we’re organizing our first in-person mastermind retreat in Oaxaca, Mexico, from June 16-20th. This is the last week to apply for early bird pricing, so if you want to learn more be sure to visit STR Legends Mastermind.Topics CoveredHow being prepared helps you respond to intense situations in business and in life Are rising travel costs going to make people choose rental locations closer to homeWhich rental markets you want to be in based on the current record-breaking gas prices What we should focus on instead of average cost per propertyHow gas prices affect you depending on your average ADRWhy leaning into what you can control will give you a better outcome no matter what gas costsHow to determine when the higher gas prices will impact stays and your bottom lineResources   Tim Kennedy Sheepdog ResponseTim Kennedy on InstagramHow Rising Gas Prices May Influence Airbnb Travel Trends on AirDNABrian Chesky on InstagramBrian Chesky on TwitterGet Paid for Your Pad Email ListFREE Airbnb Starter GuideSTR Profit Academy Email [email protected]  Sponsor STR Legends Mastermind Hosted on Acast. See acast.com/privacy for more information.

One of the hardest things about establishing new short-term rental properties is deciding on the direction of the interior design. It’s often overlooked, but it’s crucial to the integrity of your brand. So why do it alone? There are tons of awesome companies out there to help you achieve your interior design dreams and bring your property to the next level.On this episode of STR Conversations, Eric shares his biggest lessons learned on establishing strategies for interior design and renovating short-term rental properties. Eric discusses his new company launched with Jasper, Freewyld, and their goals to renovate four properties while also managing the difficulties of being understaffed. Listen in to learn what resources Eric recommends for designing your short-term rental and how to get involved in the Legends Mastermind program. Topics CoveredHow Jasper and Eric started their company Free Wild and have begun their first project in CaliforniaHow Jasper and Eric are preparing to renovate four properties with Free Wild while also navigating struggles with being understaffedThe 4 phases of the renovation processWhy having a clear vision and patience is crucial to a project’s successWhy establishing interior design strategy is an important first step in renovating and creating new propertiesWhy Eric is considering using Den Outdoors as a partner for new tiny home projectsEric’s recommended resources for designing your short-term rentalThe upcoming Legends Mastermind event in Mexico and the requirements to qualify for the programResourcesGet Paid for Your Pad Email ListLegends X Short-Term Rental AcceleratorSTR Legends MastermindSubscribe to GPFYP on Apple PodcastsFree Airbnb Starter GuideEmail [email protected] OutdoorsModsy Online Interior DesignYardzen Online Landscaping DesignFulhaus Interior DesignFollow Eric on InstagramFollow Jasper on Instagram Hosted on Acast. See acast.com/privacy for more information.

We talk a lot about growing short-term rental (STR) companies. But what happens when we grow our businesses quicker than we anticipate?Six years ago, Alex Cybul had no Airbnb experience, decided to get into the STR industry, and quickly grew his business, VacationAruba.com.Today, Alex manages over 100 units. On this episode of Get Paid For Your Pad, Alex joins me to discuss how he got his start renting out Airbnbs in Aruba and how he managed to grow his business quickly over six years.He shares insights on what he would do differently if he had the chance, how he structures his team to manage his properties successfully, and why he recommends dynamic pricing to all STR managers. Listen in to learn more about the importance of leading people to successfully grow STR your business. Topics CoveredBackground on Aruba and why it is a great place to both vacation and own short-term rentalsHow Alex got his start renting out Airbnbs and STRsHow Alex went from having no experience with Airbnb to managing over 100 units in six yearsThe structure of Alex’s current team and his perspectives on how to build effective teams to manage STRsWhy Alex wishes he would have hired an Operations Manager earlier in his business’ growth stageWhy Alex’s end goal is to be able to run STRs as a hobby as long as he feels satisfied and happyThe challenges Alex faced while growing his business and the turning points that helped him achieve that growthWhat Alex has learned about the difficulties of leading people and large teamsAlex’s laundry practices and how he manages bulk ordering for cleanersWhy Alex recommends dynamic pricing to all STR managers and owners and how to determine rates for your propertiesConnect with Alex CybulVacationAruba.comVacationAruba.com on FacebookVacationAruba.com on InstagramResourcesGet Paid for Your Pad Email ListLegends X Short-Term Rental AcceleratorSTR Legends MastermindSubscribe to GPFYP on Apple PodcastsFree Airbnb Starter GuideEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

We have big news! Our STR Legends Mastermind program is officially open for new members. We’re kicking off the program in May, followed by an in-person event in June in beautiful, sunny Mexico. On this episode of STR Conversations, Eric and I discuss STR Legends Mastermind and the incredible benefits it brings to the people and companies we work with through the program. We share the requirements needed to qualify for the program, our desire to solve big problems our members face at scale, and why we’re so excited to welcome new members. Listen in to learn more about the STR Legends Mastermind program, the open positions we are hiring for with Overnight Success, and how we believe the STR market may change with the recent rise in gas prices and travel expenses. Topics CoveredThree positions we are hiring for Overnight Success right now: Digital Content Manager, Sales Representative, and Executive AssistantWhy we started the STR Legends Mastermind program and why we are opening the doors to new membersWhat requirements companies need to meet to qualify for the STR Legends Mastermind programThe benefits of the STR Legends Mastermind program and why it was designed to allow different companies to connect and solve their biggest problems Why we’re excited to learn what we can do to improve financing and combat rising interest rates in the marketplaceHow the STR market may change with the rising gas prices and increased travel expensesResourcesGet Paid for Your Pad Email ListLegends X Short-Term Rental AcceleratorSTR Legends MastermindSubscribe to GPFYP on Apple PodcastsFree Airbnb Starter GuideEmail [email protected] for the Digital Content Manager Position With Overnight SuccessApply for the Sales Representative Position With Overnight Success Hosted on Acast. See acast.com/privacy for more information.

How do you take an Airbnb property from a stay to an experience?  The goal of any Airbnb is to understand your guest avatar so well that you can create an experience that makes your guest feel like they have found their own special place.Recently, Eric and I were chatting on the podcast when he mentioned he and his girlfriend had stayed at the Retrograde Retreat in Joshua Tree, designed by my guest. Eric shared ‌they were just blown away by how the space felt like it was created just for them.  We all know the competition for stays is fierce, especially in places like Joshua Tree. So how do you stand out as an Airbnb host? What raises the bar from a regular guest stay to a world-class guest experience on Airbnb?   Bryce Cano is the Founder and Vice President of Hygge Home Rentals. With his special knowledge in the real estate investment and travel arena, he offers intimate knowledge of how to maximize your property's potential. On this episode of Get Paid for Your Pad, Bryce joins me to share his insight into how to provide the amenities and extra touches your Airbnb guests are looking for. He walks me through how Hygge Home Rentals creates anticipation for the stay from the moment the booking is made.He walks us through how they connect the dots in brand and tone to offer guests a sense of what to expect while creating a personality that matches each one of their properties.Listen in for Bryce’s insight on pivoting from trying to appease everybody to laser focus on exactly who you're creating your Airbnb experience for, your ideal guest avatar.Topics Covered How to home in on your guest avatar to design world-class experiences exclusively for them How to raise the bar and create spaces that don’t break the bankThe secret to creating anticipation about a guest visit from the moment they bookThe multi-pronged approach to an awesome Airbnb guest experienceWhy having the right team is a game-changer for any Airbnb hostHow to infuse a property with Instagrammable spacesHow to use influencers to highlight the special amenities of your Airbnb space Why photo captions are paramount in helping the viewer visualize your Airbnb experienceInsider secrets on how to stand out and compete for Airbnb guestsConnect with Bryce CanoHygge Home Rentals on InstagramHygge Home RentalsResources How to Get Started on AirbnbGet Paid for Your Pad NewsletterGet Paid for Your Pad on Apple PodcastsSTR Legends MastermindEmail [email protected] Sponsor Legends X 90-Day STR Accelerator Hosted on Acast. See acast.com/privacy for more information.

Have you ever been part of a group of elite business owners connecting, learning, and helping each other solve problems all while having a good time?Two years ago, just two months before the lockdowns we went all into the business model of creating and hosting our mastermind groups all over the world. And then the lockdowns came, and the world stopped turning. Now the world has reopened. We’re back, and so is the STR Legends Mastermind. We’ve learned a lot through our live events, and virtual masterminds and now we’re taking the STR Legends Mastermind to a whole new level. Today we want to take the opportunity to give everybody a recap of STR legends and the STR Legends Mastermind and who it is for.But first, what makes a mastermind group worthwhile and what sets the SRT Legends Mastermind apart?Listen in to learn about the power of breaking out of your routine to gather with the like-minded and the legends to forge a lasting network.  On this episode of STR conversations, Eric and I take you deeper into the genius of the mastermind concept. We also touch on the many success stories of business owners from past STR Masterminds, and we will share some of the high points of the virtual mastermind.  Plus, we’ll touch on the newest trends in the STR industry and why being in the trenches with the people pushing this industry forward is vital. Topics CoveredThe 3 core things we want to achieve with the STR Legends MastermindHow being part of the STR Masterminds will rapidly expand your network Why bringing together like-minded individuals helps solve the biggest problemsHow being face to face changes the mastermind experiences and enhances relationshipsThe biggest difference between going to a conference and attending a mastermindHow the STR Legends Mastermind offers cutting edge information on the industry evolutionThe biggest benefit of sitting down with the legends of the STR industry Resources  STR Legends Live Mastermind Retreat in Puerto Rico EP278STR Legends Mastermind Goes Virtual EP338Rebecca Slivka on Get Paid for Your Pad EP352Tim Mortimer on Get Paid for Your Pad EP455FREE Airbnb Starter GuideGet Paid for Your Pad Email ListSTR Profit Academy Overnight SuccessSubscribe to GPFYP on Apple Podcasts Email [email protected]  Sponsor Legends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

Plenty of markets have emerged as large players since the start of the Covid-19 pandemic. With the ability to work remotely, more people are expanding outside of major cities and looking for short-term rentals (STRs) in lower-traffic areas. So what are the top locations to invest in for rental property owners?Tia Castle is a real estate coach, crypto agent, and the Founder of CastleLux Rentals, a boutique vacation rental management company that focuses on family-oriented properties. On this episode of Get Paid for Your Pad, Tia returns to the show to join me in discussing the top markets where STR owners can get the best return on investment. We share our insights on articles from AirDNA, Realtor.com, Mashvisor, and Lodgify on where listeners should be looking for cash-on-cash returns in 2022. Listen in as Tia and I discuss why unique outdoor markets are thriving, how to add value to properties if the location is lacking, and which markets we believe may continue to be on the rise in the coming years. Topics CoveredTia’s experience briefly hosting and producing a lifestyle real estate TV showTia’s insights on articles from AirDNA, Realtor.com, Mashvisor, and Lodgify on the top places to invest in vacation rentals for cash-on-cash returnsWhy unique locations, like Hawaii and Alaska, are in high demand for STRsWhy Joshua Tree has emerged as a top market to invest in throughout recent years The importance of having “instagrammable” aspects of your STR locationsThe difference between a capitalization rate and a cash-on-cash returnTips for adding value to the properties that can raise their prices per nightConnect with TiaTia’s WebsiteTia on LinkedInTia on InstagramResourcesGet Paid for Your Pad Email ListLegends X Short-Term Rental AcceleratorSubscribe to GPFYP on Apple PodcastsEmail [email protected] Lux RentalsTia Castle on EP442: From Masterleasing to Managing Short-Term Rentals in SarasotaMashvisor Article on Best Cash-on-Cash Return by CityLodgify List on Best Vacation Rental Property Markets in 2022 Hosted on Acast. See acast.com/privacy for more information.

On the last episode of STR Conversations, Eric and I spoke about why we gave our team a budget to book a unique stay on Airbnb. Now we’re back to tell you how it went. On this edition of STR Conversations, Eric and I recap our unique stays at Airbnbs over the weekend and discuss some of the biggest shifts in the STR (short-term rental) industry, especially in the Covid pandemic era. We cover current events in the industry, including OTA Insight’s acquisition of Transparent, Alpine Investors' acquisition of AirDNA, and WhyHotel’s recent venture capital raise and rebrand to Placemakr.We share our thoughts on WhyHotel’s unique business model and why AirDNA is the go-to data company in the STR space.Listen in to learn more about how the STR industry is growing and why it’s the best place to be.Topics CoveredEric’s experience staying at a boat Airbnb in San DiegoMy time staying at an Airbnb in the mountains in PanamaHow the offerings at an Airbnb, like amenities and a good view, can drastically change the price per nightOTA Insight’s acquisition of STR data company, TransparentPrivate equity firm Alpine Investors’ acquisition of AirDNAWhyHotel rebrands as Placemakr and raises $90 million in venture capital fundingHow Placemakr uses their business model to control the challenges with having long-term residents and short-term rentals in the same urban buildingsThe emergence of short-term and medium-term rentals creating space for hybrid business models within rental management companiesWhy the “trend is your friend” and STR markets will continue to trend up in the coming yearsThe lifting of many Covid-19 restrictions and what that could mean for the STR industryResourcesGet Paid for Your Pad Email ListLegends X Short-Term Rental AcceleratorSTR Legends MastermindSubscribe to GPFYP on Apple PodcastsEmail [email protected] Investors acquires AirDNA to enhance data solutionsOTA Insights Announces Acquisition of TransparentWhyHotel Rebrands as Placemakr, Announces over $90M in Equity Investment Hosted on Acast. See acast.com/privacy for more information.

The short-term rental (STR) industry is incredibly dynamic and always changing. If you are not constantly adapting as a business owner, you’ll get left behind. So how can you stay ahead of the game?Tim Mortimer is the Founder of the Australian-based STR company BNB Made Easy and the booking platform Book Orange. He has experience in the Legends X program and has doubled his number of properties since the beginning of the Covid-19 pandemic.On this episode of Get Paid for Your Pad, Tim joins me to discuss how he has managed to develop two strong businesses in the STR industry and why he prioritizes enhancing the guest experience outside the walls of each property. Listen in as Tim shares the importance of working with business coaches, implementing systems to maximize efficiency, and creating a strong company culture. Topics CoveredTim’s journey going from being a school teacher to owning his own businessHow to enhance the guest’s experience outside of the short-term rental propertyHow Tim was able to double his amount of units during the Covid-19 pandemicTim’s advice to STR owners looking to quickly grow their businessesThe importance of a creating and maintaining a strong company culture with core valuesThe benefits of working with a business coachImplementing systems into your business to maximize efficiencyThe importance of good communication with your guests, staff, and business partnersTim’s experience in the LegendsX programThe variety of business models in the STR industry and why there is no “best” way to run your business Connect with Tim Tim on LinkedInBook Orange on FacebookBook Orange on InstagramBNB Made Easy on FacebookBNB Made Easy on InstagramResourcesGet Paid for Your Pad Email ListLegends X Short-Term Rental AcceleratorSTR Legends MastermindSubscribe to GPFYP on Apple PodcastsEmail [email protected] Made EasyBook Orange Hosted on Acast. See acast.com/privacy for more information.

Last September, Eric and I started building Freewyld, our new short-term rental brand. And to start, we took over an existing Airbnb business—four cabins on three acres in Idyllwild, California.What’s happened in the six months since then? What parts of our business plan have we executed? What unexpected challenges do we face? And what lessons have we learned along the way?On this edition of STR Conversations, Eric and I reveal what’s going well in our new venture and where we’re struggling, explaining why we’re focused on getting systems in place and building out the team.I describe what tools I’m using to manage the cabins remotely, and Eric shares the unforeseen challenges he’s facing on the development side of building Freewyld.Listen in for insight on marketing to prevent cancellations and learn our methodical approach to hiring new Freewyld team members to fill our greatest needs.Topics CoveredWhy we’re giving our team the budget to book a unique stay on Airbnb The existing STR business in Idyllwild we took over last SeptemberHow managing cabins remotely pushes me to be creative with guest communicationWhat challenges we’re facing on the development side of building Freewyld Why we're focused on getting our systems in place and building out the teamThe additional challenges of having 4 units on the same propertyHow we’re using marketing to prevent cancellations at FreewyldThe 2 ways to build an Airbnb business and why we’re taking the patient approachEric's methodical approach to hiring new team members for Freewyld Resources   Mammoth Lakes The Entrepreneur HouseJasper on InstagramEric on InstagramLoomRetrograde RetreatStay Awhile Cabins on InstagramFREE Airbnb Starter GuideGet Paid for Your Pad Email ListSTR Legends MastermindSTR Profit Academy Overnight SuccessSubscribe to GPFYP on Apple Podcasts  Email [email protected]  Sponsor Legends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

Do you ever wonder what is the most efficient way to market to your guests? We’ll give you the answer: it’s email. Email marketing can seem daunting, but it’s actually a lot easier than you might think. Ryan Austin is the Co-Owner of Switchback Email, a company that provides professional email marketing consulting, services, and software. Arthur Colker is the CEO and Founder of StayFi, a platform that provides vacation rental WiFi and collects valuable guest data so STR hosts can drive repeat bookings.  Ryan and Austin work together between Switchback Email and StayFi and join me on this episode of Get Paid for Your Pad to discuss the ins and outs of effective email marketing. They discuss everything from recommended communication cadences and automation tools, to brand storytelling and ROI (return on investment). Listen in to learn more about why capturing guest emails and using them strategically leads to a much higher chance of them returning to your property in the future. Topics CoveredWhy capturing guest emails is crucial to ensure they stay at your property againHow Arthur created an easier way to capture guest data and drive repeat bookingsHow Ryan uses drip campaigns and location-based emails to offer a better experience and connection opportunity for guestsWhy email is the most efficient way to market to peopleThe importance of following permission and consent laws when creating email lists and campaignsHow to start with automation tools to gather advanced guest dataRecommended cadence for emails and touchpoints to guestsHow brand storytelling and location education can lead to higher click through ratesThe relationship between ROI and brand recognitionAutomated emails vs general marketing emailsArthur and Ryan’s tips for getting into email marketingConnect with Arthur Arthur on LinkedInStayFi on LinkedInConnect with RyanRyan on LinkedInSwitchback Email on LinkedInResourcesGet Paid for Your Pad Email ListLegends X Short-Term Rental AcceleratorSTR Legends MastermindSubscribe to GPFYP on Apple PodcastsEmail [email protected] – Use code PAD for 50% offSwitchback Email Hosted on Acast. See acast.com/privacy for more information.

How do you scale a short-term rental business? The answer seems obvious, right? You simply take on more and more listings.But adding listings willy-nilly is not sustainable. It turns you into a Hectic Host, and before long, you can't keep up with the demands of running a vacation rental business.So, what makes a hospitality brand both sustainable and scalable? What do successful STR operators do to grow their businesses the right way?On this edition of STR Conversations, Eric and I sit down to discuss the VOS system we teach in the Legends X program, describing where the framework came from and who it’s designed to serve.We walk you through the three pillars of VOS (vision, operations and scale) and explain why developing a brand identity and guest avatar serves as the foundation of the system.Listen in for insight on leveraging hands-on management to create extraordinary guest experiences and learn how the VOS system can help YOU scale a sustainable STR hosting business.Topics CoveredHow the pandemic inspired the development of the VOS system The 3 pillars of the VOS system—vision, operations and scaleWhat type of host the VOS system is designed to supportHow implementing VOS helped Tim Mortimer grow from 40 to 100 listingsWhy it’s not a good idea to scale a STR business without a clear visionHow having a vision for your STR business simplifies decision-makingThe elements of VOS Eric noticed at Retrograde RetreatThe benefit of marketing your brand to a specific guest avatarHow to leverage hands-on management in your Airbnb businessResources   Tim Mortimer The Spirit to Serve: Marriott’s Way by JW Marriott and Kathy Ann BrownRetrograde RetreatStay Awhile Cabins on InstagramThis Is Marketing: You Can’t Be Seen Until You Learn to See by Seth GodinFREE Airbnb Starter GuideGet Paid for Your Pad Email ListSTR Legends MastermindSTR Profit Academy Overnight SuccessSubscribe to GPFYP on Apple Podcasts Email [email protected]  Sponsor Legends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

Trying to grow a short-term rental (STR) company in a pandemic might not seem ideal, but the truth is that the industry is blossoming. Believe it or not, there are some tips and tricks that can help grow your business faster than you think. In the case of this episode’s guests, the number of properties increased by 300 percent just last year. Steven Suárez is the CEO of Argest Rentals, a full-service short-term rental management company. He is also the Co-host of Live Let Thrive, a podcast about Airbnb and the sharing economy. His business partner Federico Zimerman is the COO of Argest Rentals and extremely well-versed in the hospitality game, having flown over one million miles, to over 60 countries. Steven and Federico join me for the second time on Get Paid for Your Pad to discuss how they grew Argest Rentals from 15 properties to nearly 50 in 2021 alone. We chat about everything from finding new properties to the benefits and challenges of working virtually with teams of people across the world. Listen in to learn more about how Steven and Federico have structured their business during a large growth period, tips for hiring new people, and establishing trust with new clients that are fresh in the SRT industry.Topics CoveredBackground on Argest Rentals and how they grew their Airbnb’s from 15 to nearly 50 in one yearUsing Upwork to find quality employees for STR businessesUsing WhatsApp to communicate with business partners and teams across the worldThe biggest challenges Steven and Frederico faced as their company started growing rapidlyThe hardships and payoff of building a Virtual Assistant team to cover 24/hour business customer service The power of word of mouth and how Steven and Frederico used that to grow their business in 2021How to work with clients that are new to the industry and establishing trust with themBalancing running an STR business with having a full-time job and when it might be time to quit your full-time jobConnect with Steven and Frederico Argest RentalsArgest Rentals on InstagramArgest Rentals on FacebookEmail [email protected] Paid for Your Pad Email ListSubscribe to GPFYP on Apple PodcastsEmail [email protected] Lessons from 2020 for Short-Term Rental HostsLive Let Thrive Podcast Hosted on Acast. See acast.com/privacy for more information.

Apply for Legends X at https://www.strlegends.com/x Hosted on Acast. See acast.com/privacy for more information.

Starting your own short-term rental business is probably not going to be an overnight success. So how can you stay motivated to put time into relationship building when you want to grow your business faster?For Jim Odom, it was an overnight success… after a grueling five-year start up period. Jim is the co-Founder of Unveiled Vacation Rentals and runs a property management company, Unveiled Short-Term Rental Management. He doubled the size of his business in January 2022, going from three properties to six, and recently hosted a workshop for over 350 realtors in his market.On this episode of Get Paid for Your Pad, Jim joins me to discuss the importance of bringing value to realtors and property owners in your market.He shares his unique approach to facilitating connections across multiple networks and how Facebook Groups can be an easy tool to do so.Listen in for Jim’s insight on how to quickly grow your network and transition those connections into valuable relationships for your short-term rental properties. Your business’s big break might be just around the corner.Topics CoveredJim Odom’s experience in the Legends X STR Accelerator programThe mutually beneficial relationship between realtors and STR ownersImportant first steps to consider when starting your own vacation rental businessFacilitating connection and bringing great value to those in your market’s networkUsing Facebook Groups to create an online connection network with stakeholders in your marketThe importance of showcasing your voice and authority in your marketConnect with Jim OdomUnveiled Vacation RentalsUnveiled STR ManagementJim on LinkedInResourcesGet Paid for Your Pad Email ListLegends X Short-Term Rental AcceleratorSTR Legends MastermindSubscribe to GPFYP on Apple PodcastsEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

Networking. Cold calling. Search engine optimization. There are a lot of ways to build your short-term rental business, but how can you succeed in B2B marketing without breaking the bank?On this episode of Get Paid for Your Pad, I sit down with Kimberly Thomas, Founder and CEO of Roam Vacation Rentals, to learn about her experience taking her Airbnb side hustle to the next level by starting her own property management services company.Kimberly dedicates her career to  helping real estate investors manage, scale, and market their STR portfolios. She started Roam Vacation Rentals to offer a wide range of STR management, design services, and consulting to help her clients maximize their return on investment.Listen in to understand the importance of implementing search engine optimization (SEO) strategies, acquiring referral sources, and working with the right people. It’s easier than you think!Topics CoveredKimberly’s experience owning Airbnb properties and growing them into her own businessThe importance of being able to connect with your guest avatarBuilding a consistent growth plan in the STR industryWhy using your personal network, cold calling, and cold emailing are crucial to gaining referral sourcesThe power of having thick skin in the face of rejectionTips for having a successful SEO strategySEO troubles and tips for ensuring you are hiring the right experts to help you optimize your website for searchKimberly’s biggest takeaways from being a student in the Legends X STR Accelerator programConnect with KimberlyKimberly on InstagramKimberly on LinkedInRoam Vacation RentalsResourcesGet a Free Property Income ReportGet Paid for Your Pad Email ListLegends X Short-Term Rental AcceleratorSTR Legends MastermindSubscribe to GPFYP on Apple PodcastsEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

How should you plan for the growth of your short-term rental business? How do you keep your guest connections personal and successfully scale your business? Is it too late to get into the property rental game? Fresh off a very successful training course, “More Listings, Higher Profits,” Eric and I take the opportunity on this episode of Get Paid for Your Pad to discuss some of the extra questions about the STR industry that we were unable to get to during the live event. We recap the key takeaways from our event, highlighting the most common challenges in the STR industry as well as what you can do to capitalize on opportunities for growth. Tune in for tips on ensuring your properties stand out against the competition, and get our advice on burning questions about the industry from current and aspiring STR owners. Topics CoveredBrief overview of the “More Listings, Higher Profits” training courseCompanies' struggles with the clarity of their business modelsHow hosts can easily fall into hectic business operations without scale and systemsHow many business owners have a desire to grow but do not have actionable plans to succeedConcerns over missing the STR boom and how to get familiar with the industry without owning propertiesBest practices for managing and leading property cleanersUnderstanding the importance of guest avatars and how they can make or break a businessHow to find gaps in the industry that you can fill with unique properties and amenitiesHow to get involved in Legends X Short-Term Rental Accelerator and become a student of the STR industry ResourcesTraining Replay: More Listings, Higher Profits.Get Paid for Your Pad Email ListLegends X Short-Term Rental AcceleratorSTR Legends MastermindSubscribe to GPFYP on Apple PodcastsEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

The most important thing to consider when making a real estate investment is location. Location not only determines the daily revenue of your property but also the long-term scalability.With over 10 years of experience in online marketing with startups and having built a travel tech startup through a global pandemic himself, Marcus Räder has found time and time again that location is the biggest factor in real estate and especially with short-term rental properties.Marcus is the founder and CEO of Hostaway, an all-in-one vacation rental software solution that provides over 100 solutions for growing property managers. Marcus owns the world’s largest marketplace for vacation rental tools and has a great deal of real estate experience. So, how does he determine the most profitable places to invest in?On this episode of Get Paid for Your Pad, Marcus joins me to share his insight on short-term rental real estate, describing how the market is changing and what to consider before investing in just any area.He touches on what marketplaces to avoid and why, the importance of having a mission and the vision he has for urban areas in the real estate industry.Listen in for Marcus’s insight on what to consider in 2022 when you search for the hottest places to invest in short-term real estate and how to be certain of a property’s long-term scalability.Topics CoveredMarcus’s investment experience in the short-term rental industryWhat to consider before investing in a marketThe relationship between the stock market and vacation rental investmentsWhy you should avoid buying in the top Airbnb marketsMarcus’s insight on investing based on missionThe questions to ask yourself before investing in real estateWhy many cities will be less popular in the upcoming yearsHow particular changes in cities could have a massive impact on certain real estate marketsWhat Hostaway is and what makes it the leading vacation rental software for property managersConnect with Marcus RäderHostawayMarcus Räder on LinkedIn Resources  Get Paid for Your Pad Email ListLegends X Short-Term Rental Accelerator STR Legends MastermindSubscribe to GPFYP on Apple Podcasts Email [email protected]  Hosted on Acast. See acast.com/privacy for more information.

Completion rates for online courses are as little as 4%. The Legends X Short-Term Rental Accelerator has not only a 100% completion rate but also a 100% success rate!What sets Legends X apart from other courses? How can it transform your short-term rental business?On this episode of Get Paid for Your Pad, Eric and I celebrate the opening of our third Legends X Short-Term Rental Accelerator, sharing how it allows you to successfully build and scale your Airbnb business in 90 days or less. We also touch on the many success stories of business owners in Legends X and take a peek at what it looks like to go through the program. Listen in to learn about the power of Legends X for STRbusiness owners and how it is designed to help you build the foundation and confidence to grow a 7-figure Airbnb business—without all the overwhelm. Topics CoveredWhat the past year has looked like in Legends XOne of the things that Jasper is most proud of about the programThe Property Abundance Plan How you can scale to 100 units without spending any money on advertisingThe key to seeing results in your short-term rental businessThe intentional application process for Legends X and who’s a good fit for the programHow important it is to invest in yourself and your businessClient success stories from Legends XWhat people find to be most valuable about the programWhat it looks like week by week to go through Legends X The priceless community and daily support that you’ll find in the programResources   Matt Durian on Get Paid for Your Pad EP440Rebecca Slivka on Get Paid for Your Pad EP352Christian Gissing on Get Paid for Your Pad EP301Get Paid for Your Pad Email ListLegends X Short-Term Rental Accelerator STR Legends MastermindSubscribe to GPFYP on Apple Podcasts Email [email protected]  Hosted on Acast. See acast.com/privacy for more information.

Most Airbnb operators would love to buy our own properties. But it’s challenging to get a traditional mortgage for a short-term rental and very few of us have high-net-worth investors in our networks.So, where can we go for funding to grow our STR portfolio? Derrick Barker is the CEO of Nectar, the marketplace for real estate cashflow. Derrick and his team allow experienced, professional STR operators to sell a portion of their future income to get capital now.On this episode of Get Paid for Your Pad, Derrick joins me to discuss the factors Nectar uses to determine how much funding you’re eligible to receive.He explains how Nectar investors buy into a STR cashflow pool to earn passive income and offers advice on the importance of investing in your Airbnb business.Listen in for Derrick’s insight on the process of applying for funding through Nectar and learn how you might leverage Nectar capital to build a team, buy property or improve your existing units!Topics Covered Derrick’s background as an entrepreneur in the real estate spaceHow Nectar allows STR hosts to sell a portion of their future income to get funding nowWhy it’s hard to get a traditional mortgage on a STR property What factors Nectar uses to determine the amount of funding you’re eligible to receive How STR operators use Nectar capital to build a team, buy property or improve existing unitsHow Nectar investors buy into a STR cashflow pool to earn passive incomeThe process of applying for funding through NectarWhy the trend toward longer-term stays in secondary markets is here to stay Why it’s crucial to invest in your short-term rental businessConnect with Derrick BarkerNectar Resources  More Listings, Higher Profits Free TrainingLegends X STR AcceleratorSTR Legends MastermindGet Paid for Your Pad NewsletterEmail [email protected]  Hosted on Acast. See acast.com/privacy for more information.

The short-term rental industry has grown so much and so fast over such a short period of time. Now, more than ever, many people are trying to grow a short-term rental business and are running into the problem of understanding what to do, what they need to have implemented and when. Before you can understand where you want to go with your business you have to identify where you’re at now. So, what can you do to get clear on exactly where you are in your business journey and how to scale from there? On this episode of Get Paid for Your Pad, Eric and I break down the 5 stages of hosting, sharing how to recognize where you want to be in your business and where you are now so you can make the strategic decisions to move up the stages. We discuss each stage of hosting: the traditional, the side hustle, the hectic host, the rising star, and the legends stage, and the challenges that people experience in each one.  Listen in for insight on how to identify where you are in your business, what to overcome in each hosting stage and how Legends X can accelerate your business, providing the information and systems needed to profit and scale.Topics CoveredWhy the 5 stages of hosting was createdEric’s insight on how the 5 stages of hosting is vital when measuring success in your short-term rental businessJasper’s insight on the hectic host stageThe clarity, awareness, and confidence that Legends X is providing for hosts, allowing them to scaleThe traditional host stage Why the side hustle host stage is becoming more common that the traditional hostThe hectic host stage and why it’s so powerfulEric’s insight on how things change after the 3rd stage and into the rising star stage Jasper’s insight on why the stages aren’t dependent on how many units you haveThe legends stage and why it’s not for everyoneHow Legends X allows you to become profitable and scalable, providing you systems needed to become a legend with your business Resources  More Listings, Higher Profits TrainingThe Joe Rogan PodcastReal Wealth Show Jacko PodcastFundamental Health PodcastGet Rich Education PodcastTony Robbins PodcastGet Paid for Your Pad Email ListLegends X Short-Term Rental Accelerator STR Legends MastermindSubscribe to GPFYP on Apple Podcasts Email [email protected]  Hosted on Acast. See acast.com/privacy for more information.

In the beginning of 2020, Tia Castle had numerous masterleases but quickly found herself in quite the dilemma when she had no bookings due to the pandemic.During this time she knew she had to make a change, and a big one.Fast forward to today, Tia now manages family-friendly homes in Florida and runs CastleLux Rentals where she helps investors in their journey with vacation rentals. So, how did she go from masterleasing to short-term rentals during a pandemic and what has she learned from this big adjustment?Tia is the founder of CastleLux Rentals, a vacation rental management company that helps investors to pinpoint their Airbnb vacation rental property. Her real estate journey started with her luxury Real Estate reality TV show, "Home and Castle TV"  that was broadcasted in Florida and Canada, showcasing rental properties and their famous owners. On this episode of Get Paid for Your Pad, Tia joins me to share her journey from television production and journalism to managing short-term rentals for families, describing how Legends X STR Accelerator has helped her during the huge transition. She walks us through the transition she experienced not only from her reality TV show to real estate but also from masterleasing to short-term rentals and what she has learned along the way.Listen in for Tia’s insight on finding the right market and rental property for you and the network and opportunities that she has benefited from with the STR Legends community, especially during the struggle of the pandemic.  Topics CoveredWhy Florida is one of the hot spots for short term and vacation rentalsThe changes that Tia has seen in the market in FloridaTia’s insight on choosing where to investHow Tia originally got involved with AirbnbWhat Tia has learned from her past masterleasesThe luxury market and model that Tia is following with modern family-friendly homesThe adjustment from a masterlease model to a management modelTips on making the transition from masterleases to managing homes (delegating, and give the attention needed to the owners, clear communication)How Legends X has allowed Tia to network with people and become apart of a book projectConnect with Tia CastleCastleLux RentalsPreferred ShoreResources  Legends X STR AcceleratorSTR Legends MastermindMore Listings, Higher Profits TrainingGet Paid for Your Pad NewsletterEmail [email protected]   Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

People tend to strictly focus on scalability but we have to work backwards and focus on the vision, the brand and feedback to continue to improve it. Without that, things fall apart. So, what will really scale your rental business? And what can you do to maintain that growth in 2022?On this episode of Get Paid for Your Pad, Eric and I explain why focusing on scalability is not profitable on it’s own, sharing what every company really needs to scale a business in 2022.We weigh in on what a valuable airbnb business model looks like for 2022 and how branding is one of the biggest things to focus on and maintain when scaling.Listen in to understand why focusing on scaling alone won’t help your business and learn how to make more profit with not only more listings but better listings.Topics CoveredHow much the demand for short term rentals has increased and whyEric’s insight on the shift in destination spots for rental businesses Why many people still choose hotels over airbnb rentalsWhy we focus on building our brand as a host and the impact it has on airbnbs that aren't doing that Eric’s insight on how to successful build a brand as an airbnb hostThe importance in focusing on sustainability rather than scalability aloneThe value that will be provided at the More Listings, Higher Profits Training The 3 main pillars every company needs to really scale a business in 2022The transition from a business manager to a business ownerOvernight success is all about systemsResources   Legends X STR AcceleratorSTR Legends MastermindMore Listings, Higher Profits TrainingHostGPO - Short Term Rental Group Purchasing OrganizationGet Paid for Your Pad Email ListLegends X Short-Term Rental Accelerator STR Legends MastermindSubscribe to GPFYP on Apple Podcasts Email [email protected]  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

In the summer of 2021, Matt Durian was the epitome of a Hectic Host, running around like a chicken with its head cut off to keep up with the demands of managing several short-term rental listings.Matt and his wife Bruna were overwhelmed and didn’t have the bandwidth to add any more properties to their portfolio. But fast forward just a few months, and Matt is much less stressed. He’s added two new units and is in the process of onboarding two more. So, how did he go from Hectic Host to Rising Star in such a short time?Matt is the Cofounder and CEO of The BNB Way, western North Carolina’s premiere Airbnb property management and concierge company. He has a long history as a hospitality entrepreneur, running a personal concierge service for residents of a luxury resort community for a number of years before getting into vacation rentals in 2019.On this episode of Get Paid for Your Pad, Matt joins me to share his journey from Hectic Host to Rising Star, describing how The BNB Way was consuming his entire life when he joined the Legends X STR Accelertor last September.Listen in for Matt’s insight on the life-changing benefits of connecting with the STR Legends community and designing an Airbnb business that leaves space to enjoy your life!Topics Covered How Matt’s history in hospitality centers around the concierge modelWhy Matt shifted from rental arbitrage to the management model during the pandemicHow Legends X helped Matt transition from business manager to business ownerThe most important steps Matt took to become a Rising StarHow the VOS framework helped Matt dial in who he wants to serveHow the Legends X Playbook allowed Matt to build a team and start delegating tasksUsing the franchise prototype to scale your STR business to any level you wantThe benefits of connecting with a community of hosts who hold you accountable, answer questions and inspire you to dream bigger Designing a short-term rental business that allows you to enjoy lifeConnect with Matt DurianThe BNB Way The BNB Way on InstagramResources  Legends X STR AcceleratorThe E Myth: Why Most Businesses Don’t Work and What to Do About It by Michael GerberThe Founder Steve Jobs Commencement Speech at Stanford STR Legends MastermindGet Paid for Your Pad NewsletterEmail [email protected]  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

Airbnb had a record-breaking Q3 in 2021. And based on current economic and cultural trends, we think the short-term rental industry is in for an even bigger year in 2022.So, what is going on in the world that influences your STR business? And what can you do to capitalize on these trends and have a record-breaking year of your own?On this episode of Get Paid for Your Pad, Eric and I explain why 2022 is going to be a huge year for short-term rentals, sharing Brian Chesky’s thoughts on the future of travel and describing how the trend toward working from home is likely to impact the industry.Listen in to understand why we’re all-in on turning vacation rentals into unique, modern STR experiences and learn how to use feedback from your Airbnb reviews to promote your listings and identify new investment opportunities!Topics CoveredBrian Chesky’s insight on why the future of work is the future of travelBrian Chesky’s tweet asking the Airbnb community for feedbackHow the popularity of local travel is changing STR guest expectations Some of the STR startups that raised big money in 2021Our plans to raise money through investors and grow Freewyld in 2022How inflation is inspiring investors to put money in short-term rentals How the shift away from crowded hotels favors the STR industryResources   Why the Future of Work Is the Future of Travel, with Airbnb CEO Brian Chesky on Decoder with Nilay Patel Owl Labs State of Remote Work SurveyBrian Chesky’s Tweet GPFYP: How to Maximize Profit from Your Airbnb ListingAvantStay’s $160M RaiseHomeRoom’s $1M RaiseUS Inflation RateJason Hartman on GPFYP EP370citizenMGPFYP Email ListLegends X Short-Term Rental Accelerator STR Legends MastermindSubscribe to GPFYP on Apple Podcasts Email [email protected]  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

There is a surprisingly high demand for short-term rentals in and around military bases—and a lack of inventory.But can you build an Airbnb business that caters primarily to military families? And how do you market to such a specialized niche?Peter Shull serves as Business Development Manager at Patriot Family Homes, a veteran-owned and operated business that offers affordable short-term and vacation rentals. The Patriot team of veterans and military spouses is uniquely aware of the needs of traveling families and professionals, leveraging their expertise to grow from a single bedroom to 200-plus units in just three years.On this episode of Get Paid for Your Pad, Peter joins me to discuss how Patriot Family Homes got into the military family niche and explain how the leadership skills he learned in the armed forces translate to building a business. He shares the business development strategy his team uses to acquire listings in non-traditional vacation rental markets, describing what he looks for in a STR property and how the Patriot team developed systems to operate at scale.Listen in for insight on finding a ground team of dependable people you can trust in a new market and learn how Patriot Family Homes markets to military families looking for a short-term rental or STR investment property.Topics Covered How Patriot Family Homes got into the military family niche and grew to 200 doors in 3 yearsHow guests benefit from the PFH team being made up of veterans and military spousesThe business development strategy Peter’s team uses to acquire utility properties in non-traditional vacation rental marketsWhat Peter looks for in a STR property and the neighborhood where it’s locatedHow Patriot Family Homes helps clients find homes to buy as short-term rental investmentsPeter’s insight on the systems you need to operate 200 unitsWhy the quality of the STR property itself is less important than the guest interactionPeter’s advice on finding a ground team of dependable people you can trust in a new marketConnect with Peter ShullPatriot Family Homes Email [email protected] Call (423) 210-4431Resources  Get Paid for Your Pad: How to Maximize Profit from Your Airbnb Listing by Jasper Ribbers and Huzefa Kapadia ExpensifyGuestyBill.comExtreme Ownership: How US Navy SEALs Lead and Win by Jocko Willink and Leif BabinGet Paid for Your Pad NewsletterEmail [email protected]  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

The partnership between Eric and I began three years ago when I suggested we start a short-term rental mastermind. Since then, we’ve built out the Overnight Success short-term rental training business and launched the Freewyld hospitality brand.  And in order to keep growing and crushing our goals for these joint ventures, we make time to reflect on what’s going well and what we want to accomplish moving forward.On this episode of Get Paid for Your Pad, Eric and I sit down to celebrate our wins in 2021 and share what we’ve got on the agenda for 2022.We discuss what we learned about hiring as our team grew in 2021 and describe the leadership and communication skills we’re focused on developing in the new year.Eric and I recognize the 100% success rate of our Legends X students in the last 12 months, explaining how we’re fine-tuning the program for 2022 and bringing back the in-person STR Legends Mastermind.Listen in for insight on how we’re planning to add two new properties to the Freewyld portfolio this year and find out how YOU can be part of our Airbnb journey in 2022!Topics CoveredWhat we learned about hiring as we doubled our team in 2021The leadership and communication skills we’re focused on developing in 2022How the diversity on our team informs the way we step up as leadersThe 100% success rate of our students in Legends X and what differentiates it from other STR training programsHow we launched the Freewyld hospitality brand in 2021Our goal to raise $10M and buy 2 additional properties in 2022How we’re fine-tuning Legends X based on our experience with FreewyldWhy our programs focus on supporting Hectic Hosts, Rising Stars and STR Legends through community and accountabilityThe in-person Legends Mastermind events we’re bringing back in 2022Why we’re all in on the podcast and our daily newsletter in 2022Resources   Get Paid for Your PadOvernight SuccessLegends X Short-Term Rental Accelerator STR Legends MastermindJocko Willink Tony Robbins Business MasterySubscribe to GPFYP on Apple Podcasts Email [email protected]  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

The pandemic initiated a boom in the staycation market, creating an influx of new Airbnb users and a demand for contactless check-ins. So, how do we communicate clearly with our guests when they’re new to the platform and we can’t meet them in person?What can short-term rental hosts do to up our game when it comes to guest communication?Andy McNulty is the Cofounder and CEO of Touch Stay, a software service enabling Airbnb hosts to create digital guidebooks for their guests. Touch Stay had its best year to date in 2021, growing to serve 17,500 STR properties.On this episode of Get Paid for Your Pad, Andy joins me to share his top Airbnb guest communication tips for 2022, exploring how the younger generation consumes information and what that means for short-term rental hosts.We explain why it’s crucial to communicate in a way that’s comprehensive, visually appealing and easy to digest, challenging you to offer guests both text and video options.Listen in for insight on building a one-on-one connection with STR guests and learn when to send travelers your digital guidebook and how to communicate its importance.Topics Covered How the pandemic affected the STR industry in general and Touch Stay specificallyWhat the influx of new Airbnb users and the demand for contactless check-ins means for guest communicationWhy it’s important to communicate what’s unique about staying with youThe advantage STR hosts have in terms of building a one-on-one connection with guestsHow the younger generation consumes information (and what that means for STR hosts)Why it’s crucial to communicate in a way that’s comprehensive, visually appealing and easy to digestHow communicating in a succinct way appeals to guests of all agesWhy Andy recommends giving your guests video and text options When to send guests your digital guidebook and how to communicate its importanceHow to improve guest communication by putting yourself in the shoes of your guest avatarConnect with Andy McNultyTouch Stay [Discount Code GPFYP10] The Guest CastResources  Andy McNulty on GPFYP EP085VRMA ConferenceAlissa Cincotta on The Guest Cast EP001 Example Touch Stay GuidesSTR Legends MastermindLegends X 90-Day STR AcceleratorGet Paid for Your Pad NewsletterEmail [email protected]  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

2021 has been a unique year for the short-term rental industry. David Jacoby is the Cofounder and President of Hostfully, an all-in-one property management platform that helps STR hosts embrace automation and deliver an exceptional guest experience.On this episode of Get Paid for Your Pad, David joins me to share his top takeaways from the Hostfully 2021 Hospitality Report, exploring where STR reservations are coming from and why some markets report more competition in 2021—while others report less. Listen in to understand why cleaning and turnover management is an ongoing challenge and find out what short-term rental hosts plan to do to increase their revenue in 2022!Topics Covered Some STR markets report more competition in 2021 while others report lessSecondary markets have more competition and increase in revenueHosts in large cities have less competition (COVID, regulations)What hosts count as their most valuable software tool in 2021PMS was largest category, especially among large property managers56 different tools mentioned (e.g.: Zapier, Zoho, Canva, Trello, etc.)What the Hostfully survey reveals about the value of dynamic pricingLarge property managers use more and report higher incomeLosses significantly less among hosts using dynamic pricingWhy cleaning and turnover management remains a pain point for STR hostsChallenge to implement and track new cleaning protocols in 2020Shortage of good, reliable contractors in 2021Connect with David Jacoby Hostfully 2021 Vacation Rental Industry Stats Report Email [email protected] Resources  Homes & Villas by Marriott InternationalPlum GuideCHBOBud and BreakfastZapierZohoGoogle WorkspaceMicrosoft OfficeWheelhouseHostfully Studies, Trends & Industry ReportsSTR Legends MastermindLegends X 90-Day STR AcceleratorEmail [email protected]  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

How do you set up a new Airbnb listing to earn a profit right away?Kelvin Mah is the Founder and CEO of Rankbreeze, the premiere Airbnb optimization toolkit and rank tracker. Rankbreeze offers software and services to help STR managers improve search visibility and conversion on Airbnb.On this episode of Get Paid for Your Pad, Kelvin joins me to share his five-step framework for faster profits, explaining how to decide where to invest in a new Airbnb listing and when to launch a new property.He offers advice on choosing your first five photos and deciding what to say in your listing description, challenging hosts to include amenities and points of interest to optimize a title for search.Listen in for Kelvin’s insight on how to price a new Airbnb listing and learn his top strategies for ‘throwing your weight around’ to get more bookings at your new STR property!Topics Covered Kelvin’s 5-step framework for faster profitsWhere to investWhen to launchWhat to use in title and descriptionHow to price property Throw your weight around How to decide where to investConsider local short-term rental regulationsChoose market with strong future demandConduct top-level city search on AirbnbHow to decide when to launchResearch overall demand on Google TrendsLaunch 30 to 60 days before busy seasonKelvin’s advice on what to use in your listing titleStrong call-to-action (e.g.: new, renovated)Include amenities and points of interestHow to choose pictures for your listing photo gridUse 5 BEST photosVariety is helpfulKelvin’s advice on pricing your new propertyStart with ‘break-even pricing’Raise prices for weekends and busy seasonConsider dynamic or signal-based pricingKelvin’s top strategies for getting more bookingsAdjust photos based on seasonLeverage SEO campaignsOffer freebie for weekday bookingSplit property into parent and child listingsAsk guests to come earlier or stay longerInvite guests to return to propertyConnect with Kelvin Mah RankbreezeResources  Kelvin Mah on GPFYP EP276 Rankbreeze AirReview Chrome ExtensionGoogle Trends 11 Tips for an Invincible Airbnb Pricing StrategyAirbnb Smart Pricing ToolSTR Legends MastermindLegends X 90-Day STR AcceleratorEmail [email protected]  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

At the end of each session of Legends X, we ask our students for feedback around what aspects of the program were most beneficial. And the takeaways for this cohort were much like that of our first student group. On this episode of Get Paid for Your Pad, Eric and I go over the feedback from our latest group of Legends X students, describing the four aspects of the course they found most valuable.We discuss what our students like about the Legends X playbook and our customized systems, explaining why Airbnb hosts should document everything we do and organize that information in one place.Listen in to understand the value in designing a host vision map and learn how we chose the tools included in our Legends X tech stack to help you scale your STR business!Topics CoveredThe purpose of our Legends X playbook Index for all documents and systems within companyDefines role each team member plays in systemsSTR hosts benefit from building systemsGives time back to work ON business (not in it)New team members up and running in < weekHow we support Legends X students around STR technologyRoadmap of tech needed at each stage of businessTrainings on how to use recommended toolsOur top advice on choosing technology for your Airbnb businessCommit to using new tool for 6 to 12 months Look for technology that allows you to scale Resources   Legends X Short-Term Rental AcceleratorOvernight SuccessStrawberry Creek VillageClickUpLoomThe E Myth by Michael Gerber Clockwork: Design Your Business to Run Itself by Mike MichalowiczScaling Up: How a Few Companies Make It ... and Why the Rest Don’t by Verne HarnishTraction: Get a Grip on Your Business by Gino WickmanWheelhouseBreezewayReview GPFYP on Apple Podcasts Email [email protected]  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

What is the best way to create long-term wealth?As Airbnb hosts, we can leverage our expertise running a short-term rental business to acquire properties of our own. But what does it look like to buy a STR property? How, exactly, do you finance a purchase like that?Juan Carlos Morales is the serial entrepreneur and Airbnb investor behind Capital Jetset, a beachfront vacation rental company out of San Juan, Puerto Rico. He leveraged the rental arbitrage model to start his business and has since added management units and purchased properties of his own to build a portfolio of 30 STR units.On this episode of Get Paid for Your Pad, Juan Carlos joins me to explain what differentiates a business owner from a manager and describe how he built a team of 13 employees to run Capital Jetset.Listen in for Juan Carlos’ insight on why it’s a good idea to buy STR properties and learn how to finance YOUR first Airbnb property in the ownership model!Topics Covered Juan Carlos got into Airbnb by mistakeListed spare room on Airbnb when roommate moved outTried listing whole place, 3 months booked in 1 night Breakdown of Juan Carlos’ hybrid business model85% rental arbitrage10% management5% ownershipJuan Carlos’ unique approach to rental arbitrageTarget properties sitting empty for months/years Offer to invest $10K and renovate unit himselfJuan Carlos’ advice on starting a STR arbitrage businessDon’t be afraid to invest your moneyBe creative and propose deal beneficial to both sidesWhy Juan Carlos decided to start buying propertiesOwners have power to raise rentProperty values increase over timeHow Juan Carlos benefits from owning STR propertiesNet worth tripled, banks take him more seriously nowControl over business affords more stabilityJuan Carlos’ plans for the future of his STR businessContinue to grow, create wealth and help peopleBuy building and small hotel, develop boutique hotelConnect with Juan Carlos Capital Jetset Juan Carlos on Instagram Juan Carlos on YouTubeResources  Robert Kiyosaki The 4-Hour Workweek by Timothy Ferriss The E Myth by Michael GerberSTR Legends MastermindLegends X 90-Day STR AcceleratorEmail [email protected]  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

Is scaling your Airbnb business on your list of goals for 2022? Then the next session of our Legends X program may be right for you.On this episode of Get Paid for Your Pad, Eric and I sit down to reflect on the 2nd Legends X class, describing what we’ve learned about the STR industry from coaching hosts around the world.We explain how our students benefited from the program discussing what gave several Legends Xers the confidence to quit their corporate jobs and go all-in on Airbnb. Listen in for insight on becoming the go-to short-term rental expert in your marketplace and find out how to get on the waitlist for our next session of Legends X!Topics Covered Things learned about the STR industry from coaching Legends XStudents crushing bookingsMost markets performing very well right nowThe biggest opportunity for Airbnb hosts looking to scale in 2022Leverage STR experience to partner with cash investors Build equity and grow STR management company  Our best advice on how to add units to your Airbnb portfolioShare expertise to become top-of-mind in marketplaceBuild relationships with agentsWho should apply for the Legends X Accelerator programExperienced hosts with one or more Airbnb listingsOperators focused on scaling their STR businessResources   Legends X Short-Term Rental AcceleratorAirbnb International Host Advisory Board Expert Enough: The Fastest Way to Create a Career as a Go-To Authority by Russell DavisHow to Maximize Profit from Your Airbnb Listing by Jasper Ribbers and Huzefa KapadiaWheelhouseOvernight SuccessRich Dad Poor Dad by Robert T. KiyosakiStrawberry Creek Schoolhouse on AirbnbGet Paid for Your Pad on YouTube STR Legends Mastermind Review GPFYP on Apple Podcasts Subscribe to the GPFYP NewsletterEmail [email protected]  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

Now that remote work has become mainstream, more and more workers want to travel the world. To spend several months living and working in a location before they move on to the next.Unfortunately for digital nomads, booking mid-term stays through Airbnb is terribly expensive. But there is a platform that caters specifically to guests and hosts looking to book one-, two- or three-month leases.Omer Kucukdere is the Founder and CEO of Nestpick and Sublet.com, the largest global platform for on-demand housing. Omer’s team targets mid-term stays of more than 30 nights but less than a year, serving expats, corporate travelers, international students and the growing population of digital nomads.On this episode of Get Paid for Your Pad, Omer joins me to discuss the benefits of using Nestpick over other OTAs or local market platforms and share the supply available on the platform.Listen in to understand the benefits of listing your units on multiple platforms and learn how to attract mid-term stays by adding YOUR properties to Nestpick or Sublet.com!Topics Covered Nestpick the Airbnb of mid-term staysGlobal platform for on-demand housingTargets stays of > 30 days but < 1 year STR supply available on Omer’s platformsNestpick connected to 250+ platforms, 2.75M stays in databaseSublet.com serves 675K hosts, 1.5M monthly rentals hostedBenefits of using Nestpick vs. other OTAs or local platformsTravelers don’t need local credit score to secure leaseSignificantly lower service fees for hosts and tenantsOpportunities for hosts in monthly staysRegulations in large cities where stays < 30 days not allowedExplosion of remote work population post-COVIDShort-term rental hosts should consider offering mid-term leasesBetter yield than unfurnished long-term leasesMuch lower operating costs than daily staysHow to list your properties on Nestpick and Sublet.comIndividual landlords sign up at Sublet.comOperators with 10+ units list at NestpickConnect with Omer Nestpick Sublet.com Email [email protected] Resources  Zoopla Brian Chesky Interview Furnished FinderSTR Legends MastermindLegends X 90-Day STR AcceleratorEmail [email protected]  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

So, you want to find new Airbnb properties to grow your short-term rental business. But you’re competing with big companies (with big marketing budgets) like Sonder and Vacasa.You can’t afford to run a Facebook ad campaign or hire a sales team the way they can.But you CAN grow your influence in the marketplace and make YOUR name the one people think of when they hear ‘Airbnb.’On this episode of Get Paid for Your Pad, Eric and I explain how to create your own property abundance plan and describe how taking daily action to spread the word about what you do attracts opportunities.Listen in for insight on how to market your short-term rental business on social media and learn how to stay top-of-mind with your network, so they bring new Airbnb properties to YOU.Topics Covered Why we recommend staying in your own propertiesMeet guests and get valuable feedbackFind small things to improve experienceHow to compete with big companies to find propertiesStay top-of-mind with network Grow influence in marketplace What’s involved in creating a property abundance planDevelop rhythms + habits behind marketingDaily action to spread word about what you do Why you want people to hear 'Airbnb' and think of you Contact you with questions, to solve problemsCome to you with opportunities for new unitsWhy we suggest dominating ONE marketing channelCan’t get traction trying to be everywhereEasier to take consistent action long termChoose a marketing channel you likePositive energy attracts property leadsCommunicate authentically with avatarHow to market your STR business on social mediaEducate avatar on what you doHelp solve problemsAsk for businessResources  Get Paid for Your Pad on YouTube Strawberry Creek Schoolhouse on AirbnbSonderVacasaEric on TikTokThe Cali Adventurer BlogOvernight Success Legends X Short-Term Rental AcceleratorSTR Legends Mastermind Review GPFYP on Apple Podcasts Subscribe to the GPFYP NewsletterEmail [email protected]  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

We’ve talked at length in recent weeks about the opportunity to take over old-school vacation rental businesses and improve the guest experience. Niels Becker is the Airbnb host behind Living in History, a hospitality brand based in rural Germany. And he’s in the process of taking over a business stuck in the 1960’s. (The previous operator’s marketing efforts were limited to a roadside sign boasting amenities like hot water and showers in the units!)On this episode of Get Paid for Your Pad, Niels joins me to discuss the upgrades he is making in the vacation rental business he’s taking over, explaining why the previous host only operated in the summer and how he plans to attract tourists year-round.Niels shares how his rural STR business benefitted from the popularity of secondary markets in the pandemic, describing how guests from urban areas want to spend time in nature and young people are exploring close to home.Listen in for Niels’ insight on scaling an Airbnb business without losing the personal touch and get an inside look at what it’s really like to take over an old-school STR business in a secondary market.Topics Covered The traditional short-term rental business model in rural MoselNo vision for business, few systems in placeMarketing limited to sign on road Operate in summer only (during wine harvest)Furnished with bare necessities How Niels plans to attract tourists to his units year-roundOffer experience of slipping into another worldMarket nearby hot springs as featured amenityHow the pandemic affected Niels’ vacation rental businessBenefit from rise in popularity of secondary marketsAverage daily rate skyrocketed in past yearWhy Niels’ guest avatar was different than he expectedYoung people explore close to home with pandemicGuests from urban areas want to spend time in natureWhat Niels is doing to scale without losing the personal touchAlready use PMS system, automated messagingOutsource personal communication to one employee Give cleaners budget to buy seasonal detailsConnect with Niels Living in HistoryResources  Niels on Get Paid for Your Pad EP198 AirDNA Wheelhouse PriceLabsSTR Legends MastermindLegends X 90-Day STR AcceleratorEmail [email protected]  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

Just two months ago, Eric and I bought an existing vacation rental business in Idyllwild, California, with the intention of renovating the existing units and building 10 to 15 new cabins on the property. This acquisition is our first step in building a hospitality brand known as Freewyld, a world-class short-term rental operation focused on secondary markets near large metropolitan areas. Places for city dwellers to get away and reconnect with nature.On this episode of Get Paid for Your Pad, Eric and I sit down to describe how the Freewyld project is going, explaining how we’ve upgraded the marketing for our new listings and why we’re booking exclusively on Airbnb right now.We share the challenges we’re facing on the development side of the project and discuss how we’re shifting our focus in light of a changing construction timeline.Listen in for insight on doing a scenario analysis before you take over a short-term rental business and find out how we got Strawberry Creek up and running in just eight weeks—and increased its revenue by 20%.Topics Covered What surprised us about our guest avatarMany new to using Airbnb platformMuch younger than expectedWhy we’re booking exclusively on AirbnbLeverage reputation as hosts to book new listingsBuild catalog of 10-plus reviews for each unit  Why ‘the barn’ is struggling to get bookingsLeast attractive property of 4 units availableNeeds redesign to update experienceHow we've upgraded the marketing for our new listings Reduce number of photos (must ALL bring value)Tell story of experience through picturesThe challenges we’re facing on the development sideBackup in county permitting officeAdditional 6 to 12 months to get approvalHow we’re pivoting in light of a changing timelineFocus on buying more existing STR communitiesEnlist help of project manager to find leadsThe benefit of doing a scenario analysis before you buyRun numbers for worst-case scenarioEnsure investors will still get returnOur top wins since taking over Strawberry CreekBusiness up and running in under 2 monthsIncrease revenue by 20% without renovationsResources  The Future of Short-Term Rentals on GPFYP EP404Strawberry Creek VillageOvernight Success Legends X Short-Term Rental AcceleratorSTR Legends Mastermind Review GPFYP on Apple Podcasts Subscribe to the GPFYP NewsletterEmail [email protected]  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

In the aftermath of the pandemic, a growing number of corporate workers are thinking about leaving their jobs to make room for what’s most important to them. And for those who already manage one or two units on Airbnb, building a short-term rental business seems like a natural fit.But walking away from the certainty of a monthly paycheck is scary. Just ask Samantha, a Legends X student who is trying to decide if she should quit her job and go all-in on Airbnb.On this episode of Get Paid for Your Pad, Samantha joins me to explain what inspired her to consider leaving her corporate job and share her concerns around the uncertainty of being a full-time Airbnb entrepreneur.Listen in to understand how daily affirmations can benefit aspiring short-term rental entrepreneurs and find out if it’s time for YOU to quit the rat race and go all-in on Airbnb!Topics Covered What inspired Samantha to consider leaving her corporate jobTime to pause and reflect during pandemicSTR business = more time for family, travel3 mindset shifts you need to adopt to be an entrepreneurView obstacles as opportunities for growthBuild thick skin re: feedback from networkDon’t be afraid to failQuit your job vs. build a business on the sideBusiness grows faster when you’re all-in'Fight better when there’s no way to retreat’ Biggest mistakes STR entrepreneurs makeJump on every opportunity vs. do one thing very wellClear vision gives confidence to say no to distractionsDaily affirmations benefit new and aspiring entrepreneursLower anxiety and facilitate important mindset shiftsRecognize value, build belief that you’re on right path Samantha’s top tips for aspiring STR entrepreneursSet vision for what you want business to beSystematize to get out of working IN businessResources  Tony Robbins’ 6 Human NeedsThe Obstacle is the Way: The Timeless Art of Turning Trials into Triumph by Ryan HolidayExtreme Ownership: How US Navy SEALs Lead and Win by Jocko Willink and Leif BabinVRMA ConferenceMeetup.comThe Art of War by Sun TzuJohn Lee Dumas of Entrepreneurs on FireSTR Legends MastermindLegends X 90-Day STR AcceleratorEmail [email protected]  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

When Eric and I started building an Airbnb business together, our hiring process was arbitrary. We would recognize the fact that we needed help, reach out to our network and then hire the first person available. We didn’t have clear expectations around what the role would entail. It was impossible to hold team members accountable or help them improve.On this episode of Get Paid for Your Pad, Eric and I explain how creating a job score card for each role, giving an example of how we use key performance indicators (or KPIs) to hold everyone accountable—from our cleaners to the CEO.Listen in for insight on what you need to know about yourself before you start hiring and learn how the ‘hire slow, fire fast’ approach will help YOU find the right team members to scale your Airbnb business!Topics Covered Creating a job score card for each roleCommunicate expectations with description of tasks and KPIsOffer feedback, review culture questions at monthly check inHow we use a job score card for the cleaners on our STR teamExpectations clear with KPIs (5-star review for every turnover)Track and offer feedback at review, identify if need support Benefits of conducting monthly performance reviewsCreates intentional space to communicate with team regularlyEasier to have honest conversation within structure of reviewHire team members who are a good culture fitAlign around core values for decision-makingDiverse global team all committed to world-class experienceWhat you need to know about yourself before you hire a STR teamUnderstand individual skill set and how you perceive worldHire team with complementary skills or different perspectiveResources  Overnight Success Flying Cat Marketing Who: The A Method for Hiring by Geoff Smart and Randy Street Scaling Up: How a Few Companies Make It … and Why the Rest Don’t by Verne Harnish Traction: Get a Grip on Your Business by Gino Wickman  Eric on The Sam Skelly Show EP201Legends X STR AcceleratorSTR Legends Mastermind Review GPFYP on Apple Podcasts Subscribe to the GPFYP NewsletterEmail [email protected]  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

Craig Westaway took over the management of a luxury short-term rental property on July 1, 2020. And in one month, he made more than the previous operator did in all of 2019. Craig is the Cofounder and CEO of Bnbbooking, a high-end STR management company out of Gold Coast, Australia.On this episode of Get Paid for Your Pad, Craig joins me to explain what he and his wife Holly do differently from ‘old school’ STR managers, describing how they create a high-end experience for guests across their portfolio of luxury accommodations.Listen in for insight on meeting the high expectations of high-end guests and learn how Craig consistently TRIPLES the revenue of luxury Airbnb units by improving and personalizing the guest experience.Topics Covered How Craig and Holly got started hostingFalling out with manager of own holiday homeWife took over management, tripled profits How Craig 5Xed the profits on a recent acquisitionInvest $20K in styling and rephotograph Increase price from $1K to $3K/nightCraig’s insight on creating a high-end STR experienceBeautiful styling, make sure everything worksTake steps to accommodate right # of guestsWhat guests expect in a luxury STR bookingMeet guests personallyGifts (e.g.: champagne, beer and chocolates)Midterm cleans and inspect prior to check-inHow Craig gets 5-star reviews despite high expectationsGet to know guests and personalize experienceOffer late checkout when possible How Craig finds high-end property ownersReferrals and word-of-mouth marketingSEO on website = best sales toolHow to sell your services to a high-end property ownerListen to and align with their goalsMake them feel comfortable with youWhat Craig did to navigate the pandemic80% drop in bookings during snap lockdownsOffer travel credits to guests forced to cancelCraig’s advice around accommodating weddingsCreate separate listingIncrease price point for wedding partiesWhat Craig got out of our Legends X STR acceleratorPlaybook to document systemsBuild team of VAs, tech guy to run businessConnect with CraigBnbbooking Resources  Uplisting PriceLabs BNB Professional Julie George Airbnb Automated on YouTubeSTR Legends MastermindLegends X 90-Day STR AcceleratorEmail [email protected]  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

Short-term rental hosts asked... And this week, Airbnb delivered, announcing 50-plus upgrades to the platform in its 2021 Winter Release. So, what are the most important updates? And how do they impact you and your STR business?On this episode of Get Paid for Your Pad, Eric and I share our top takeaways from Airbnb’s Winter Release, describing how Chesky’s team improved its host guarantee program—now known as AirCover.We explore several of our favorite new features, including the accessibility review, pet fee option, in-app Wi-Fi speed test and short stay cleaning fee. Listen in to understand how Airbnb’s ability to create community differentiates it from other OTAs and learn how YOU can benefit from the 50 new innovations on the platform!Topics Covered How Airbnb changed its host guarantee programPet damage, deep cleaning and income loss protection14-day filing window and quicker reimbursementsThe updates we like that benefit guests on AirbnbI’m (even more) flexible optionAccessibility reviewUpgraded translation engineAdded property categories The updates we like that benefit hosts on AirbnbGetting started made simpler (10 steps)Option to add pet feeEasier to become SuperhostAdditional support for SuperhostsWhat we like about Airbnb’s new verified Wi-Fi speed test toolHelps work-from-home guests choose listingsNo longer need ugly pic of Wi-Fi speed in photosThe benefit of Airbnb’s new short stay cleaning feeLower fees for guests on 1- or 2-night staysHelps hosts fill in gaps on calendarWhat differentiates Airbnb from other OTA platformsExcel at design, marketing and creating communityAddress host concerns through tech innovationResources  Airbnb 2021 Winter Release Airbnb Host Advisory Board Strawberry Creek Village Big Idaho Potato HotelLegends X Short-Term Rental AcceleratorSTR Legends Mastermind Review GPFYP on Apple Podcasts Subscribe to the GPFYP NewsletterEmail [email protected]  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

Are you looking to scale your Airbnb hosting business? If so, you need to hire an operations manager sooner rather than later.David Golshan is the founder of StayWithDave, a short-term rental business out of Los Angeles, California. He started hosting on Airbnb seven years ago, growing a portfolio of 50 units through rental arbitrage. Forced to downsize in the pandemic, Dave currently has 15 listings, and he is rebuilding his hosting business in the management model.This episode of Get Paid for Your Pad, Dave returns for Part II of our discussion on Airbnb operations. We chat about the process of hiring a virtual operations manager for a STR business, exploring the best way to train someone for the role and the benefit of conducting a monthly review with your team.Dave asks about our vision for outsourcing the management of Freewyld, the STR brand Eric and I are building. I explain why guests in secondary markets want to build a personal connection with their hosts—and how that impacts our operations.Listen in for insight on operating in a highly regulated city like Los Angeles and learn how to choose an Airbnb-friendly market that’s the right fit for you!Topics CoveredBenefit of owning STRsBest way to build long-term wealthReal estate appreciates in valueDave’s process: hiring a virtual operations managerServe as integrator to oversee VAs + vendorsTraining through Loom and job score cardMonthly review team meetingsShifts dynamic among teamMotivates all to up game (even owners)Create connection with guests at FreewyldOnsite host lives in each communityAdd general manager for portfolio as scaleSTR hosting in highly regulated citiesDecide if willing to operate in gray zoneMust be comfortable with uncertaintyPros and cons of hosting in a vacation cityMore competition but fully legalTakes longer to scale but more sustainableTips for choosing STR-friendly markets to focus onBring value to community long termPlaces where you already have listingsConnect with DaveStayWithDaveStayWithDave on InstagramResourcesInto the Weeds of the Operations of an Airbnb Business, Part I on GPFYP EP420Harold Gonzalez on GPFYP EP369LoomVacasaSTR Legends MastermindLegends X 90-Day STR AcceleratorEmail [email protected] SponsorHostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

When Eric and I bought the existing Airbnb business at Strawberry Creek Village, the previous host didn’t use any technology tools at all.Running the community as a traditional vacation rental, she tracked bookings with pen and paper, texted the cleaner personally and physically plugged in and unplugged the outdoor lights herself each day.On this episode of Get Paid for Your Pad, Eric shares the home automation technology he’s installed at Strawberry Creek and describes the system we created around the digital locks and temporary access codes in our short-term rentals to streamline our business.Listen in to understand why Eric and I are setting up the tech ourselves and get our best advice on implementing new technology in your Airbnb hosting business.Topics CoveredWhat tech we’ve installed at Strawberry CreekLights turn on/off automaticallySchlage Encode digital locksNoiseAware in units and outdoorsApple TV and Nest thermostatsThe benefits of using digital locks in a STRSecurityGuest convenienceManagementHow we’re automating the guest code processHostfully to import info at bookingManage and track via RemoteLockOur best advice on implementing technologyTake time for onboarding processBuild SOPs around how to use techThe advantage of creating walk-through videosHelps VAs with guest messagingInsurance in case of owner disputesHow we’re building relationships with guestsPersonal communicationOnsite team memberResourcesStrawberry Creek VillageStrawberry Creek on InstagramBreezewayWheelhouseSchlage Encode LocksNoiseAwareApple TVNest ThermostatsEric on TikTokRemoteLockOvernight SuccessReview GPFYP on Apple PodcastsLegends X STR AcceleratorSTR Legends MastermindEmail [email protected] [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

If you manage listings remotely, operations can be a challenge.With no supervision, how do you maintain quality control? How do you make sure that your cleaners and maintenance workers are meeting expectations?David Golshan is the entrepreneur and real estate investor behind StayWithDave, a short-term rental business with properties in Los Angeles, Orange County and the Smoky Mountains. On this episode of Get Paid for Your Pad, Dave asks me questions about the operations of his Airbnb business, describing how hard it is to find contractors he can count on when unexpected issues arise.Listen in for insight on putting systems in place to prevent operations issues and learn how to hustle to find good team members for your short-term rental business—despite the current labor shortage!Topics Covered The ins and outs of Dave’s Airbnb businessListings in LA, Orange County & Smoky MountainsTransition from arbitrage to management model Manage operations remotelyHire cleaner or cohost who’s invested in your visionDevelop systems to prevent issuesHow to hold STR team members accountableJob score card for everyone who works with youFinancial reward for achieving KPIsSample key performance indicators for STR cleanersAirbnb ratings ConsistencySample KPIs for STR maintenance staffNo guest complaints about things not workingShow up within certain amount of timeWhy it’s crucial to develop KPIs for contractorsAlign incentives with team membersIncentivize to do good jobHow to find maintenance workers and cleanersOnline platforms may not work in labor shortageStay in area and build relationships in person Connect with DaveStayWithDave StayWithDave on Instagram Resources Dave on Get Paid for Your Pad EP043 How to Maximize Profit from Your Airbnb Listing by Jasper Ribbers and Huzefa KapadiaThe Risks of Arbitrage on GPFYP EP419 Julie George Breezeway ThumbtackSTR Legends MastermindLegends X 90-Day STR AcceleratorEmail [email protected]  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

Today, Eric and I are focused on buying property and building a hospitality brand. We also run a Short term rental mastermind as well as the Legends X coaching program.We started just like everyone else, hosting a single property on Airbnb.And the reason why we can teach at such high level is because we’ve been through it all; Run into challenges, made mistakes, figured out how to problem-solve and move forward.On this episode of Get Paid for Your Pad, Eric explains how he got started with Airbnb: his transition from house flipping real estate investor to STR entrepreneur.He describes what inspired his vision to build an online business in the real estate space, how he discovered STRs and why he pivoted from rental arbitrage to a management model.Listen as Eric shares his craziest guest experience and learn how you can benefit from our mistakes and scale a STR business of your own!Topics CoveredEric’s real estate investing background10 years raising money to flip housesAdded Section 8 apartment buildingsEric’s introduction to being a digital nomadMet John Lee Dumas 7 years agoVision for online business in real estateEric’s move: New Jersey to San DiegoBuilt network of entrepreneurs in CARoom at Epic Entrepreneur HouseWhat inspired Eric’s focus on STRsMet STR entrepreneur as Airbnb guestRealized could automate with techEric’s first Airbnb property in San DiegoOpportunity to lease 2BR in La Mesa, CAMade $2K profit in first monthWhy Eric pivoted from an arbitrage modelUps and downs of market in crashRecognized leasing too risky to scaleThe power of the management modelManaged vacant units for HNWI as STRs3X revenue of leases without paying rentUse profits to buy property, build wealthWhat Eric would've done differentlyFocus on building portfolio in single marketStick to one business model, property typeHow Eric dealt with challenging guestsRecognize where failed and solve problemGrow as person, make better decisionsResourcesJohn Lee Dumas of Podcasters’ ParadiseThe Epic Entrepreneur HouseEric on Get Paid for Your Pad EP175Overnight SuccessGet Paid for Your Pad on Apple PodcastsLegends X STR AcceleratorSTR Legends MastermindEmail [email protected] [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

Short-term rental operators understand that technology helps automate certain aspects of our hosting business, saving time and streamlining our operations. But there are few tools that smaller Airbnb hosts can afford.So, what is the ideal tech setup for STR hosts with five units or less?Henry Bennett is the Cofounder and CEO of YourWelcome, a guest engagement tablet currently used in 15,000 STR properties. Henry and the YourWelcome team are in the process of launching PropertyCare, a complementary platform to automate guest engagement and manage STR cleaning and maintenance.Listen in to understand why text messaging is the best way to communicate with guests (and how PropertyCare facilitates SMS) and find out what affordable technology options are available to small Airbnb hosts!Topics CoveredHenry’s take: COVID changed the STR industryProperty managers looking to reduce costsDifficult to find cleaners and maintenance staffHow Henry thinks about Chesky’s predicted BOOM in STRsRecord domestic bookings for ‘revenge travel’Vacation rentals seen safer than hotelsWhat PropertyCare does to serve small Airbnb hostsSet up cleaning and maintenance tasksAutomates guest communicationsWhat differentiates PropertyCare from a PMSPMS = channel management and accountingPropertyCare integrates with PMS systemsThe gap in the market for tech seving small Airbnb hostsMost tech creates for big companies to scale fastHosts with 5-15 units underserved part of industryHow hosts benefit using PropertyCareLeverage CRM to personalize post-stay marketingCollect emails of ALL guests with advanced check-inConnect with HenryPropertyCare.comYourWelcomeResourcesHenry on GPFYP EP123Brian Chesky Interview on Travel’s Revolutionary MomentVRMARingCentralTwilioYour Porter AppGuestyRentals UnitedStayFiSTR Legends MastermindLegends X 90-Day STR AcceleratorEmail [email protected] [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

As Airbnb entrepreneurs who help people start and scale their own short-term rental companies, you may be surprised to hear that, right now, we don’t think you should start a STR business.You should buy one.There's value creating your own hosting business. If you’re brand new to the industry, it’s a good place to start.But if you’re an experienced host with funding, you can create wealth by taking over another business and increasing its value. So, what does that look like?This episode of Get Paid for Your Pad, Eric and I sit down to discuss the opportunities we see in buying an Airbnb business rather than starting one from scratch.Listen in for insight on where to find vacation rental businesses to buy and learn how YOU can acquire and then increase the profits of existing Airbnbs!Topics Covered Why we’re taking over an existing Airbnb businessSave money on operations to increase profitsImprove guest experience, property valueEric’s insight on raising money through investorsAll based on NETWORKInvest in PEOPLE and IDEAS What investors are looking forRule of 7 (7% return doubles $ every 10 years)Strong relationship makes risk manageableEric’s advice to someone who doesn’t have a networkFocus on one social platform, e.g.: LinkedInSurround self with people in industryBe patient STR market opportunities Management model to generate cashflowScale quickly and bring investors into pipelineBuy older STR businesses in secondary marketsHow to find existing vacation rental businessesChoose market carefullyBecome part of community (network)Share your vision, ask for properties Resources Rich Dad Poor Dad by Robert T. KiyosakiThe Psychology of Money by Morgan HouselSonderZillowVrolioAirDNAVacasaHicksville Trailer PalaceOvernight SuccessReview Get Paid for Your Pad on Apple PodcastsLegends X STR AcceleratorSTR Legends MastermindEmail [email protected] Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

As short-term rental hosts, we ALL want to build a listing that stands out from the competition. And we know that having the right photos is crucial in getting prospective guests to book.But what if you’re not a professional photographer, and you don’t have the money to hire one? Can you still take gorgeous listing photos if it’s just you and your smartphone?Kati and Brian Greene are the Cofounders of Overlooked 2 Overbooked, a service that helps hosts optimize their listings to attract their ideal guests at optimal prices.On this episode of Get Paid for Your Pad, Kati and Brian join me to share their top tips for taking photos of your property and describe how to choose the best ‘magnet photo’ for your listing.Kati explains the optimal way to order photos in an Airbnb listing and Brian discusses how to take your listing to the next level by including experience shots.Listen in for insight on using guest reviews to improve your listing and learn how Kati and Brian can help you build a listing that beats the competition!Topics Covered Overlooked 2 Overbooked’s virtual photo shootTeach host how to operate smartphone camera Guide through taking photos for listing on video chat Kati’s top tips for taking photos for your listingLower camera to waist level and lift gazePoint camera parallel to floor (not down at furniture)Use rule of thirds for exterior shotsHow to choose the best magnet photo for your listingReview thumbnail photos of listings ranked above youChoose image that stands out from competitionHow to appeal to your prospective guest’s lizard brainUse contrasting colors, include fun in photosMake guest trust you and feel safe in spaceThe optimum way to order your photos in an Airbnb listingStart with 5 best or most interesting featuresFollow up with room-by-room tour of propertyWide angle shot of room first, then detail shots Brian’s advice on serving as an ambassador of your townAsk why people visit and what’s cool about areaBecome concierge or expert re: local activitiesHow to use guest reviews to improve your listingUse guest comments for insight on what to featureCaption photos with quotes from reviewsHow to take your listing photos to the next levelSet up vignettes of experience guest might haveExample—people enjoying s’mores in fire pit Connect with Kati & BrianOverlooked 2 OverbookedFree Listing Assessment Resources Kati & Brian’s eBookColor WheelLegends X 90-Day STR AcceleratorEmail [email protected]  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

In a recent interview with Skift CEO Rafat Ali, Brian Chesky predicted a near-future revolution in travel. A revolution that presents a big opportunity for short-term rental hosts.As more companies offer employees the option to work remotely, Chesky believes people will take advantage of the flexibility to travel. This will increase demand for STRs, especially in secondary markets.On this episode of Get Paid for Your Pad, Eric and I discuss the biggest opportunity we see right now in short-term rentals, describing how we’re finding older vacation homes in drive-to destinations and converting them into unique STR experiences. Listen in for insight on the benefit of investing in real estate for Airbnbs and learn how to upgrade an older STR property—without losing sight of what makes the local area special!Topics Covered Key takeaways from the recent Brian Chesky interviewPeople won’t go back to working in offices full-timeAffords much more flexibility to travelOpportunities for STR hosts in this revolution of travelFind older vacation homes in secondary marketsConvert into unique, modern STR experiences Why we’re investing in properties in secondary marketsFinancial decisions shaped by experience of COVIDPeople want to travel AND live there (can sell later)What short-term rental guests will need moving forwardFast internet, workspace for remote officeOption to disconnect and be in nature Approach to upgrading older STR propertiesImprove experience (e.g.: smart locks, guidebook)Highlight what makes local area specialBenefit of investing in real estate for STRsOwnership affords opportunity to build wealthMoney in properties as hedge against inflation How the Get Paid for Your Pad podcast is changingMondays focus on small hosts (Airbnb101)Wednesdays about managing STR business at scaleFridays we share journey building hospitality brand Resources  Brian Chesky: Travel RevolutionRemote Work at BufferAirDNAThe Psychology of Money: Timeless Lessons on Wealth, Greed and Happiness by Morgan HouselStrawberry Creek VillageSonderLyricStay AlfredLegends X STR AcceleratorGet Paid for Your PadEmail [email protected] Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

If you want your guests to delight YOU with five-star reviews, return visits and referrals, then you need to delight them first by delivering the unexpected.But what, exactly, does that look like? How can Airbnb hosts WOW their guests in every step of the short-term rental journey?J.T. McKay is the author of Airbnb on Autopilot: Save Time and Boost Profits for Your Vacation Rental. J.T. has been investing in real estate for over 25 years, and he currently operates 10 vacation rental units in Gatlinburg and Pigeon Forge, Tennessee.On this episode of Get Paid for Your Pad, J.T. joins me to discuss how to delight your Airbnb guests by delivering the unexpected, beginning with becoming a story-seller in your listing.J.T. offers advice on building a personal connection through your house manual and automating guest messaging with authenticity.Listen in for J.T.’s insight on WOW-ing your guests during their stay with selfie props, QR codes and V.I.G. (Very Important Guest) discounts to local restaurants and attractions!Topics Covered What makes Gatlinburg/Pigeon Forge a popular STR market‘Vegas for families’ (amusement parks, dinner theatre, etc.)Attracts outdoor enthusiasts for hiking and fishing How to delight prospective guests with your Airbnb listingBecome story-seller and make future guest heroShows respect for space, attracts idea guestHow to delight your guests through your house manualInclude information about YOU to build personal connectionInfuse with personality and fun, pay attention to design Share restaurant recommendations and area info Shoot short how-to videos (e.g.: electronic lock, thermostat)How to automate guest messaging with authenticitySend first morning check-in messageUse customization tags (include guest name)Consider recording custom welcome videosJ.T.’s tips for delighting your guests once they’re in your unitProvide basket of selfie props, incentivize sharing on socialLeverage QR codes for connecting with info quicklyOffer USB charging outlets and Bluetooth speakersShare V.I.G. discounts to local restaurants and attractionsGive away free swag (i.e.: mugs, pens, cookbook PDF) Connect with J.T. J.T.’s Website Airbnb on Autopilot: Save Time and Boost Profits for Your Vacation Rental by J. T. McKay Email [email protected]  ResourcesLoomYou on NetflixLegends X 90-Day STR AcceleratorEmail [email protected]  SponsorHostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

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It’s your job as an Airbnb host to understand the struggles your guests might face and set them up for success. But what if your guests are international tourists who don’t speak the local language? How can you create a multilingual short-term rental to serve guests from anywhere in the world?Tracey Northcott is the Founder and Owner of Tokyo Family Stays, a vacation rental property management company based in Tokyo, Japan. Tracey is also the Guest Experience Specialist behind Tracey Northcott Consulting, a firm dedicated to helping other hosts improve their hospitality standards and maximize STR profits.On this episode of Get Paid for Your Pad, Tracey joins me to discuss how to set up a multilingual Airbnb, describing how she attracts large extended families of inbound tourists to her properties in Tokyo. Tracey shares her strategies for supporting guests who don’t speak the local language, explaining the benefits of providing infographics and professionally translated information.Listen in to understand why Google Translate is not good enough and get Tracey’s top tips for anticipating the needs of your international guests!Topics Covered Tracey’s ideal guest at Tokyo Family StaysInbound tourists or Japanese people who lived overseasLarge extended families (don’t exclude based on language) What to think about as the host international guestsWhat’s common for you not standard across worldMeet people where they are, provide tools for successRecognize common humanity of allHow Tracey serves guests who don’t speak the local languageInfographics for toilets, kitchen appliances and HVAC unitsHouse rules, trash/recycling info in multiple languagesThe benefits of providing infographics and translated informationSave time and stress fielding calls or fixing broken itemsGuests feel welcome and leave 5-star reviewsWhy Tracey suggests hiring a human translator over free appsNot too expensive, supports another small business ownerGoogle translate = unprofessional and not welcomingTracey’s tips for anticipating the needs of international guests Curated links to local recommendations and list of FAQsStep-by-step instructions for getting to STR property Connect with TraceyTokyo Family StaysTracey Northcott ConsultingTracey on Instagram Resources Tracey’s Listings on AirbnbLegends X 90-Day STR AcceleratorEmail [email protected]  Sponsor Hostfully [Discount Code PAD]   Hosted on Acast. See acast.com/privacy for more information.

Yes, we learn a lot from personal experience. But smart short-term rental hosts also learn from each other.We take advantage of our peers’ and predecessors’ experiences, implementing best practices from the very beginning.Koryn Okey is the Vice President of Client Experience at Breezeway, the leading property operations and services platform for short-term rentals. Prior to joining Breezeway in 2017, Koryn spent seven years as Director of International Accounts at FlipKey. On this episode of Get Paid for Your Pad, Koryn joins me to explain how the FlipKey model differed from that of Airbnb and explore what gives Airbnb the brand recognition it enjoys today. Koryn offers advice on optimizing your property listings, and we discuss when hosts should start using a tool like Breezeway to manage their STR portfolio.Listen in for insight on investing in tech early on in your Airbnb business and master Koryn’s top three habits of highly successful STR hosts!Topics Covered What differentiated the FlipKey model from AirbnbHost paid per lead vs. percentage of bookingGet guest contact info, communicate directly Koryn’s advice on building a listing for your STRAsk friends for honest feedbackCompare to other listings in market How Koryn thinks about choosing a lead photoConsider why guests coming to your marketPick image to stand out from competitorsWhat made Airbnb more successful than FlipKeyFocus on urban markets, young travelersMind for design = user-friendly siteHow Breezeway technology serves STR hostsOperations and guest services platformEnsure space clean, functional and safeWhen hosts should consider tools like BreezewayAny time manage listing(s) remotelyEssential once responsible for 5 propertiesThe benefit of implementing tech right awayLeverage best practices from beginningEfficiency gains, avoid mistakesKoryn’s top 3 habits of highly successful hostsInvest in technology early onBuild community (learn from others)Know what’s happening in industry Connect with Koryn BreezewayKoryn on LinkedInEmail [email protected]  Resources FlipKeyJeremy Gall on Get Paid for Your Pad EP387Breezeway’s STR Inspector CourseLegends X 90-Day STR AcceleratorEmail [email protected]  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

On Monday, September 20, the US government announced that it is lifting its Covid-related ban on international travel starting in November.The new rules allow entry for vaccinated visitors from the EU, India, China and 30 other countries deemed high-risk back in March of 2020 when the ban went into effect.So, what does this mean for you and your Airbnb business?On this episode of Get Paid for Your Pad, Eric and I discuss the details of the March 2020 travel ban and describe how lifting it is likely to impact the US short-term rental market.  We look at the AirDNA report comparing STR demand in August of 2019 with August of 2021, exploring why domestic travel compensated for the loss of foreign tourists in North America—but not Europe.Listen in for insight on the increasing demand for unique Airbnb stays and larger properties and find out what recovering lead times means for your hosting business!Topics Covered The travel ban that went into effect in March 2020Travelers from EU, China and other high-risk countriesCannot enter US if from/touch ground in last 2 weeks How the rules are changing in early NovemberBan lifted for vaccinated travelersMust also have negative COVID test Why we predict a spike in travel to the US once the ban liftsEU and China huge market for Airbnb hosts in USUrban areas likely to benefit most AirDNA’s stats comparing STR demand in August 2019 vs. 2021North America down just 2%, Europe down 25%Easier to drive through states vs. countriesThe increasing demand for unique short-term rental staysUp 31% in France over last 2 yearsFarm stays, tiny homes and castles most popularWhy larger properties are recovering better than small onesTravelers bring friends/family, create own experienceOpportunity to relax and disconnect from chaosWhat recovering lead times mean for Airbnb hostsBack up to 60 days in many marketsShift in pricing strategy, increase in general demand Resources ‘After Months of Bans, Fully Vaccinated Travelers Will Be Allowed to Fly to the US’ on NPRTrump’s March 2020 ProclamationVacation Rental World SummitAirDNAAirDNA’s Report for the Vacation Rental World Summit2021 VRMA International ConferenceCampfireEric on TikTokEric on InstagramLegends X 90-Day STR AcceleratorEmail [email protected]  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

You might be surprised to hear that the most downloaded episode of Get Paid for Your Pad so far this year is a show about systems. While operations is not the sexiest aspect of running a short-term rental business, it may be the most important.So, what is involved in building out the operations for an Airbnb business? And how does creating systems benefit you as a host?On this episode of Get Paid for Your Pad, Eric and I sit down to discuss the ideal operations to scale your STR business, describing how to identify the most efficient processes and save time and brain power. We explain why it’s crucial to write down everything you do for your vacation rental business and offer advice on how to start the documentation process.Listen in to understand what STR operators can learn from McDonald’s and find out why focusing on operations is the prerequisite to scaling your Airbnb hosting business! Topics Covered The 3 things you need to grow an Airbnb businessVisionOperationsScale   What we mean by the term operationsGoes beyond tech tools for automationDocument processes for every task Why it’s crucial to document your operationsEasy to hand off tasks to team membersTakes you out of business asapGives you option to sell business in future  Why we’re documenting every step of our STR takeoverUse as blueprint for future acquisitionsSmooth transition from previous owner The benefit of documenting systems from the get-goForces to create most efficient processSave time and brain power on repetitive tasksOur advice on how to start the documentation processStart with voice notes or Zoom videosTransfer to spreadsheet or document laterWhat to ask yourself as you refine your STR systemsCan I remove steps from this process?How do I simplify this system?How a STR business is like a McDonald’s franchiseGet clear on vision and build operationsMaintain brand standard in multiple locations Resources Eric on TikTokEric on InstagramHow Systems Make Your Life Easier as an Airbnb Host on GPFYP EP376Overnight SuccessThe FounderLegends X 90-Day STR AcceleratorEmail [email protected]  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

Are you still trying to do it all yourself in your short-term rental business? If you’re afraid to be away from your phone even for a few minutes or worried that you forgot to follow up with a guest, it’s time to consider hiring a virtual assistant or two—before you burn out!So, what do you need to know about hiring VAs? How can they help you scale your STR hosting business?Kim Herrlein is the founder of Purveyors of Leisure, a short-term rental management company headquartered in the Coachella Valley of California. Kim’s team focuses on large group travel, combining the comfort of a vacation rental with the luxury of resort-style concierge services.On this episode of Get Paid for Your Pad, Kim joins me to explain how hiring virtual assistants has been a game changer for her Airbnb business, describing what her VA team does and how she trained them.  We discuss the common misconceptions around hiring Filipino VAs, and Kim describes the advantages of hiring virtual assistants through an agency like Sphere Rocket or Virtual Staff Finder.  Listen in to understand how hiring VAs has helped Kim transition from Hectic Host to Rising Star and find out how YOU might benefit from adding the services of a virtual assistant to your STR team. Topics Covered How Purveyors of Leisure caters to large group travelBoutique hotel with 6+ bedrooms on private resortHost weddings, retreats and corporate meetingsHost on the ground available from 9am to 9pmOffer concierge services, e.g.: private chef, massage Why Kim hesitated to hire a VA for her STR businessQuestioned that there’d be enough work for VAWasn’t organized enough to hand tasks overThe benefits Kim sees from hiring a team of VAsFresh eyes on business, implement new ideasVAs do guest communication so Kim can unplug Kim’s unique approach to training her virtual assistantsShare recurring questions + create own cheat sheetStudy for 2 weeks before communicate with guests What Kim is focusing on now that she’s built a VA teamIdentify new properties to expand portfolioDesign work and project managementWhy Kim recommends hiring VAs through an agencyGet help with hiring process, contracts, etc.Educates you on how to best use VA’s skillsThe projects Kim’s VAs are leading in her STR businessCreating social media marketing planBuild email list for existing guest outreachThe most common misconceptions about hiring Filipino VAsDon’t speak English well, can’t do complex tasksBeing taken advantage of with low wagesKim’s advice to hosts on working with virtual assistantsGive sense of ownership and autonomyCheck in regularly and ask for feedback Connect with Kim Purveyors of Leisure Resources Sphere Rocket Virtual AssistantsStayFiAvochatoSlackRebecca SlivkaHicksville Trailer PalaceVirtual Staff FinderLegends X Short-Term Rental AcceleratorGet Paid for Your Pad on YouTubeEmail [email protected]  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

Don’t think you need a vision for your Airbnb business?If you’re trying to grow a short-term rental company, but you haven’t given any thought to what you want the business to look like, you’re likely to get caught in the trap of trying to please everyone. And in trying to please everyone, you please no one—least of all yourself!On this episode of Get Paid for Your Pad, Eric and I sit down to discuss why you need a vision for your Airbnb business, explaining how it guides the systems you build and helps you stand out in the marketplace.  We explain how a clear vision helps you attract the right team members, challenging you to get clear on your core values and invite your employees to hold you accountable.  Listen in to understand how having a vision benefits even hosts with one or two listings and learn what questions to ask yourself as you build out the vision for your STR business! Topics Covered How to create the right conditions to build your visionGet out of day-to-day routineEliminate distractions for clarity of mind Why vision is so important to an Airbnb businessUnderstand what systems and team to buildHelps see problems as opportunitiesAttracts right people to businessGives confidence to keep taking actionCultivates patience when results take timeMakes business stand out in marketplaceHow vision helps you attract the right team membersPeople who apply share core valuesHold accountable to drive vision forward Questions to ask as you build the vision for your businessWhat are our core values?What STR business model do we want to use?Who do we want to serve as guests?What is our long-term goal for the business? How having a clear vision helps hosts with 1 or 2 unitsDesign space to meet needs of target guestCharge more for premium experience Resources Legends X Short-Term Rental AcceleratorTony RobbinsDavid GogginsCan’t Hurt Me: Master Your Mind and Defy the Odds by David GogginsGet Paid for Your Pad on YouTubeEmail [email protected]  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

Imagine having chemical sensitivities to the cleaning products used in most short-term rentals and knowing that every time you travel, you are likely to get sick.Katrina Papé solves this problem with green cleaning. And in addition to attracting travelers with multiple chemical sensitivities, she feels good about minding the health of her guests, her cleaning staff and the environment.Katrina is the founder and CEO of BnB Equity Group, an investor-focused professional vacation rental property management company based in Seattle, Washington. Katrina has 27 years of experience as an entrepreneur, and her background in business management, interior design and real estate investing give her a competitive advantage in the short-term rental space. On this episode of Get Paid for Your Pad, Katrina joins me to explain how her own sensitivities to chemicals following a health crisis inspired her shift to green cleaning—both at home and in her STR units. She discusses the prevalence of multiple chemical sensitivities and describes how to know if a cleaning product is truly chemical-free. Listen in for insight on targeting health-conscious guests and learn how to develop your own niche in green cleaning and chemical-free Airbnbs. Topics Covered How Katrina got started hosting on AirbnbWent through divorce and health crisisListed own home to save it in 2014  What inspired Katrina’s shift to green cleaningHealth crisis led to chemical sensitivitiesExtend green cleaning at home to STRs The prevalence of multiple chemical sensitivities39% of Americans suffer from MCSDifficult to travel and not be sick How to know if a cleaning product is chemical-freeGet rating at ewg.orgAvoid anything with synthetic fragrance Where to go for green cleaning productsNatural section of grocery storeBuy in bulk on Amazon or Thrive MarketThe benefits of green cleaning your AirbnbsHealth of guests, cleaners and environmentAttract health-conscious travelersHow to target guests with chemical sensitivitiesAdd green cleaning, chemical-free to titleInclude photos of products usedHow to be pet-friendly and serve guests with allergiesUse Easy Air on rugs, furniture, carpets, etc.Available through amazing-solutions.comHow STR Legends X helped Katrina build her businessSupport in choosing tech stackSystems in place to expand Connect with Katrina BnB Equity Group Resources Environmental Working GroupThrive MarketAmazing SolutionsEasy Air Organic Allergy Relief SprayLegends X 90-Day STR AcceleratorEmail [email protected]  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

As we look to predict the future of short-term rentals, it’s useful to look at industry trends. Searches for unique properties on Airbnb grew 94% in the first half of 2021 compared to the same period two years ago.How can STR hosts leverage an understanding of this information to anticipate how travel will evolve and build a business that capitalizes on the trends?On this episode of Get Paid for Your Pad, Eric and I sit down to discuss the rise of unique STR experiences, explaining why properties like the Big Idaho Potato Hotel and Bolt Farm Tennessee are likely to thrive moving forward. Listen in for insight around the top travel trends in 2021 and learn how to design an Airbnb business that is built for the future of short-term rentals. Topics CoveredTrend to unique experiencesConnect with vision/soul of propertyStory to share on social media Top travel trends in 2021Live abroad (geoarbitrage)WorkcationGen Z travelersHospitality brands are the future of STRsGuests connect with valuesInvestor demandSmaller STR portfolioMaintain brand standardsPotential to sell business ResourcesThe Mushroom Dome Retreat'Inside the World’s Most Booked Airbnb’ in HustleJoshua Tree Mirror HouseAirbnb Report: Travel & Living10 Travel Trends for 2021VTrips Vacation Rentals‘Private Equity Looks to Challenge Vacasa by Backing VTrips Vacation Rental Firm’ in SkiftVacasaHicksville Trailer PalaceEric on TikTokEric on InstagramLegends X STR AcceleratorSTR Legends MastermindEmail [email protected] [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

So, you’re an Airbnb host in a saturated market. The investment blogs said it would be easy to build a thriving short-term rental business in your area, but you've got a lot of competition.How do you stand out? Can you use design to create a guest experience that sets you apart?Kate Shaw and Betsy Moyer are the cofounders of Retreat Experiential Design, an all-in-one Airbnb experiential design firm that transforms Airbnb properties into true retreats. Betsy is also the creator of the home décor and interior design brand, The Estate of Things, and Kate is an Airbnb Superhost with a portfolio of 10 units near Joshua Tree National Park.On this episode of Get Paid for Your Pad, Kate and Betsy join me to share the fundamentals of experiential design, explaining how they identify the unique value proposition of a new property and design with the with guest in mind.They discuss how to succeed in a saturated market like Joshua Tree and offer advice on creating a win-win between Airbnb hosts and the local community.Listen in for insight on creating a unique guest experience on a budget and learn to leverage experiential design to stand out on Airbnb!Topics CoveredHow Kate & Betsy define experiential designDesign as if hosting in own homeUtilize every inch of propertyHow Kate & Betsy approach a new propertyIdentify unique value prop of spaceConsider guest trying to attractHow to save money on experiential designLeverage local artisans and artistsUse thrift store + Craigslist findsHow to succeed in a saturated marketCreate unique experienceConsider visitor demographicsHow to create a win-win with the local communityProvide jobs to locals, pay living wageEncourage investors to build vs. buyKate’s top tips for aspiring Airbnb hostsFocus on guest experience/happinessAct as if hosting friends and familyConnect with Kate & BetsyRetreat Experiential DesignRetreat Design on InstagramDesert Barn House on InstagramResourcesJoshua Tree National Park‘Odd Job: What’s It Like to Own the Most-Visited Airbnb in the World’ in VoxKate on AirbnbKate on InstagramThe Estate of ThingsThe Estate of Things on InstagramLegends X 90-Day STR AcceleratorGet Paid for Your Pad on YouTubeEmail [email protected] [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

Many STR hosts have dreams of turning their Airbnb business into a real estate investing company. But what does it look like to buy a property for short-term rental? How, exactly, does the process work?Eric and I are currently in negotiations to buy an existing short-term rental business, including its four Airbnb properties and the land they’re on. And we’re learning a lot along the way.On this episode of Get Paid for Your Pad, Eric and I sit down to share what we’re learning from buying this Airbnb property, explaining why it’s crucial to start with a vision of what you want to build and be patient through the process.We walk you through our plan to improve the guest experience and increase revenue at the STR community we’re buying, eventually refinancing the property to build personal wealth and expand our portfolio. Listen in for insight around the top three reasons to build a STR hospitality brand and learn how you can turn your Airbnb hosting business into a short-term rental investment company.Topics CoveredWhy it’s crucial to manage your emotions when you buy real estateBuy on numbers, overpay when attached to outcomeMust be willing to let go (‘this or something better’)How to recognize if the STR brand you’re buying is a good dealValue in opportunity to upgrade guest experienceIncrease revenue right away with technology, systems Our plan to increase revenue at the STR community we’re buyingImprove experience, raise prices by 30% to 50%Costs stay fixed = profit doublesIncrease number of units from 4 to 14 income streamsThe beauty of investing in real estate for short-term rentalsIncrease value of property to refinance in futureReturn cash to investors, pay selves and buy more STRs How Airbnb hosts can become STR real estate investorsUse other people’s properties to build hospitality brandLeverage profits to invest in real estate for STRsOur top lessons learned from buying our next Airbnb propertyDevelop clear vision of what you want to buildBe patient through process vs. saying YES to everything The top 3 reasons to build an Airbnb hospitality brandLifestyle businessScale to sellGenerational company (wealth to pass on) Resources Get Paid for Your Pad on YouTubeLegends X Short-Term Rental AcceleratorEric on InstagramEric on TikTokSTR Legends MastermindHicksville Trailer PalacePatrick at EXSTR ApartmentsGet Paid for Your PadEmail [email protected] Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

Savvy short-term rental hosts have pivoted in the last 18 months, shifting their business model to provide family-friendly accommodations that welcome kids and pets for long-term stays.  So, what does it look like to set up an Airbnb that works for large families and their furry friends? Legends X Alum Rachel Gainsbrugh is the Cofounder of Short Term Gems and the Chief-of-Staff at All Pocono Rentals. She also works as a full-time pharmacist and has a husband, three dogs and two kids! On this episode of Get Paid for Your Pad, Rachel joins me to share her top tips for hosting families with pets, explaining how she pivoted the Short Term Gems brand to cater to displaced homeowners. She offers advice on dealing with insurance companies and describes how to adjust the guest experience for families who are there because something happened to their home. Listen in for Rachel’s #1 lesson learned from participating in Legends X and learn how to provide a 5-star guest experience for pets—and the people who love them. Topics Covered How Rachel hosts and works full timeLeverage resources to delegate, outsourceOnly do revenue-generating activities Rachel’s Short Term Gems luxury brandFurnished accommodations for travelersLandlord owners, arbitrage and cohosting Rachel’s pivot to a niche guest avatarHost displaced homeowners (floods, fires)Large families with kids and pets How Rachel caters to large, displaced familiesQuality cookware, fully stocked kitchenRecreation station for kidsShift tone to provide help and support Rachel’s tips for dealing with insurance companiesAsk for deposit and have guest sign leaseHome value impacts STR stay allocationConsider hotel rate, cost of boarding pets What amenities you might provide for petsCustom linens and pet bedsDoggie doors Rachel’s #1 lesson learned from Legends XNetwork = net worthShare resources in accountability pod Connect with Rachel All Pocono RentalsRachel’s List of the Top 75 Places to InvestShort Term Gems Resources Julie GeorgeLegends X 90-Day STR AcceleratorEmail [email protected]  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

Airbnb reported revenue of $1.3B for Q2 of 2021, surpassing 2019 numbers for the same period by 10%. And as people get more and more comfortable traveling again, the short-term rental BOOM is likely to continue.So, what can you do to capitalize on this upswing in the vacation rental market?On this episode of Get Paid for Your Pad, Eric and I explain how the pandemic has helped facilitate STR growth, driving the popularity of unique stays in drive-to destinations. We share our vision for the hospitality brand we’re launching soon and describe how getting clear on what you’re building makes decisions easier. Listen in for insight on scaling a STR management business to fund real estate investments and learn how Legends X can help you take advantage of the BOOM in short-term rentals!Topics Covered How COVID facilitated a BOOM in short-term rentalsPeople rediscovered unique places to visit near homeOption to work/study remotely allowed for travelWhat we see as the next big thing in STRsUnique stays in drive-to marketsHospitality brands Our vision for the travel brand we’re launching soonNature-inspired sites short drives from metro areasExperience-based tiny home + cabin communitiesWhy we recommend starting with a vision for your businessThings fall into place once you know what you wantClarity on what you’re building makes decisions easy What’s unique about our journey to becoming investorsManage other people’s properties (no cash to start)Scale management business to buy real estateWho is a good fit for the Legends X STR AcceleratorCoachable hosts who want to growExcited to be part of community Resources  Hicksville Trailer PalaceLegends X Short-Term Rental AcceleratorOvernight SuccessEric’s Instagram Post on ExpansionGet Paid for Your PadEmail [email protected]  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

Not only is airbnb used for vacation rentals, many use airbnb to get a better feel of a city when looking into buying or investing there. What if you could gain real estate clients from an airbnb property that is already bringing you in residual income? Cynthia Tant is a real estate agent and broker out of Pensacola, Florida who owns 3 businesses that all work together cohesively. She started investing 30 years ago, becoming a real estate agent 10 years after and has been a broker for the past 11 years.  On this episode of Get Paid for Your Pad, Cynthia joins me to explain how she combines and leverages her real estate business, long term rental business and short term rental business to all feed into each other. She provides insight on the disadvantages and advantages between long term and short term rentals, and what she’s learned through her years of experience. Listin in for insight on leveraging airbnbs to boost your real estate business and success, and get her advice on how she continuously works to improve her businesses. Topics Covered The background of Cynthia’s businesses Had a realtor who was an investor Got started with multi families and historical homesSaw a need for property management from a long term perspective How Cynthia manages to run 3 businessesIs getting better systems in place from Legend XPlanning to make them work well on their own to be able to eventually be able to retire How the free companies work to feed off of each otherAirbnb customers feed into the real estate businessProvides a digital guide book in each unit that sparks an interestThe importance Cynthia finds in prioritizing mastermindsEnjoys having a structured educating environment Uses masterminds to build structure in her businesses and for salesIs looking to build her businesses to have the value to sell in the future Long term vs short term rentalsHas converted all of her long term to short term rentalsManages people in long term rentals and works to convert themPrioritizes short term rentals for herself with the goal to retire Connect with CynthiaGulf Coast BnB RentalsGulf Coast ExpertsCo Author of The Ultimate Guide to selling your homeEmail [email protected] Resources90 Day Short-term Rental Accelerator MastermindGet Paid for Your Pad on YouTubeEmail [email protected]  SponsorHostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

Only 4% of people who buy an online course actually implement the information and get results. But in our STR Legends X Accelerator, we have a 100% success rate.What sets Legends X apart from other online courses? And how can you be part of the unique program?On this episode of Get Paid for Your Pad, Eric and I walk you through the Legends X application process and explain who is a good fit for our short-term rental business accelerator. We describe the benefit of having access to our Legends X Playbook and discuss what aspects of Airbnb hosting are covered in it.  Listen in for insight on how Legends X builds community among students and learn how the program is structured to support you in achieving massive results!Topics Covered The Legends X application processFill out form at https://www.strlegends.com/x Schedule discovery call with team member Who is a good fit for Legends XPassionate about Airbnb and want to growCan’t take on more units without systemsHow the Legends X program is structuredAccountability pods of 8 to 10 studentsHigh-level coach assigned to each podDrip content vs. provided all at once How Legends X builds community among studentsWeekly call with pod and coachDaily engagement on SlackThe benefit of the Legends X PlaybookHelps with onboarding and training teamAllows owner to sell company in future What we cover in the Legends X PlaybookGuest communicationProperty onboardingCleaning managementHiring systems Resources  Apply for the Legends X Short-Term Rental AcceleratorBoardroom MastermindOvernight SuccessJulie GeorgeEmail [email protected]  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

In the Legends X program, we help students transition from hectic Airbnb host to millionaire short-term rental manager. And in the process, we coaches learn just as much from our students as they do from us. So, what were our top takeaways from leading the first session of our STR accelerator? Legends X Head Coach Julie George started with one Airbnb property in 2016, and in just two and a half years, she built and scaled a property management business of 130 listings and generated $8M in income. On this episode of Get Paid for Your Pad, Julie joins me to share the lessons she learned from working with the 52 hosts in our first round of Legends X, describing the benefits of using dynamic pricing tools and focusing on a specific guest avatar. We explore how Julie avoided becoming a hectic host herself and explain how Legends X helps hosts create the systems they need to take themselves out of the day-to-day as soon as possible. Listen in for Julie’s insight on the results of Legends X she is most proud of and find out how you can get involved in our upcoming free training around the three secrets to scaling a profitable hospitality brand! Topics Covered\How Julie avoided becoming a hectic hostTake self out of day-to-day ASAPKISS (keep it simple, stupid) Julie’s take on the benefit of the Legends X podsHold students accountable to do workProvides community of support What Julie learned from coaching Legends XSensors to monitor noise (e.g.: Minut)Benefit of pricing optimization tools Jasper’s top takeaway from coaching Legends XPower of focus on specific guest avatarOptimize Airbnb listing for that person The results of Legends X Julie is most proud ofHosts get life back, take time offSpend uninterrupted time with family Connect with Julie Million Dollar Host Resources Free Training: From Hectic Host to Millionaire ManagerLegends X 90-Day STR AcceleratorMillion Dollar Host: Julie’s Airbnb Portfolio Earned Over a Million Dollars in Her First Year … Yours Can Too! by Julie GeorgeFrom Hectic Host to STR Legend on GPFYP EP394Sean McGregor on GPFYP EP390NoiseAwareMinutSTR LegendsGet Paid for Your Pad on YouTubeEmail [email protected]  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

Are you cleaning your own short-term rental units? Responding to guest messages at all hours? Do you have to say no to opportunities to add units because you’re maxed out and just can’t take on any more work? Then you need our free training, From Hectic Host to Millionaire Manager, an interactive event designed to help hosts like you get out of the weeds and build a STR business that scales.On this episode of Get Paid for Your Pad, Eric and I share who will benefit most from our training and describe the advantage of participating in an immersive event like this over a podcast or webinar. We explain what it means to be a hectic host and discuss how the training will help you implement the systems you need to scale your STR business. Listen in to understand the VOS system for becoming a millionaire manager and find out how our event can help you get out of the hectic host position and grow a seven-figure Airbnb business!Topics Covered What it looks like to be a hectic hostExperience running Airbnbs, love STR industry Want to add more units but burned out The goal of our upcoming free trainingGet out of weeds, work ON vs. IN businessImplement systems and team to scaleWhy we’re doing an interactive eventUnderstand info AND have confidence to actStay fully engaged, focus only on training The 5 stages of Airbnb hostingTraditional hostSide hustle hostHectic hostRising starSTR legendThe 3 pillars to becoming a millionaire managerVision Operations Scale Resources From Hectic Host to Millionaire Manager TrainingTony RobbinsLegends X Short-Term Rental AcceleratorEmail [email protected]  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

The future of travel is in unique experiences. And the more Instagrammable your short-term rental listing, the more likely you are to succeed in the long term.  So, what if you could design your space from the ground up, building your own A-frame, log cabin or tree house to rent out on Airbnb? Alex Jarbo is an Airbnb Superhost out of Asheville, North Carolina, who builds his own unique vacation rental properties. He is also the host of Alex Builds, a YouTube channel dedicated to documenting his journey as a vacation rental developer and manager. On this episode of Get Paid for Your Pad, Alex joins me to explain what inspired him to build his own vacation rentals, walking us through the process of buying land and sharing his checklist of things to consider before you build.  He offers advice on finding the right architect and contractor for your job and working with lenders to finance a STR build. Listen in for insight on navigating county zoning laws to secure the proper permitting for your Airbnb and get his advice for hosts looking to build their own unique short-term rental properties! Topics Covered What inspired Alex to build his own STR propertiesGot into bidding wars for homes on marketRealized could design to be vacation rental The process of buying land to build STR propertiesFind real estate agent specializing in landSecure necessary permitting Alex’s insight around county zoning lawsMake sure land zoned for vacation rentalsCounty website, talk to local authorities Things to consider when you buy land for STRsAccess to state-maintained roadAccess to electricityAvailability of satellite TV/internetAbility to accept septic systemDepth of water well Alex’s advice around finding an architectConnect through FiverrPurchase pre-made plans Alex’s tips for working with contractorsBe sure passionate about unique housesChoose one who communicates wellSet up closing draw or line of credit Working with lenders to finance an Airbnb buildHost Financial (uses AirDNA projections)Use regular home loan, live there for 6 mos. Alex’s advice for hosts looking to build STRsResearch to find perfect landUniqueness of property is key Connect with Alex Alex Builds on YouTubeAlex on AirbnbEmail [email protected]  Resources FiverrAlex’s Video on Finding an Architect for Airbnb BuildsDen OutdoorsHost FinancialAirDNAAlex’s Video on Financing Your STR with a Regular Home LoanHost Financial on Get Paid for Your Pad EP315STR LegendsGet Paid for Your Pad on YouTubeEmail [email protected]  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

So, your Airbnb side hustle has turned into a full-time job.  You’d like to scale the operation and run a true hospitality company, but at the moment, you’re the only one who knows what to do. And you don’t feel comfortable outsourcing any of the work to someone else.  You’re the epitome of the hectic host, and you’re not sure how to get to the next level. On this episode of Get Paid for Your Pad, Eric and I sit down to discuss the five stages of STR hosting, describing what it’s like to be a hectic host and why it’s so challenging to scale from that position.  We explain how to transition from hectic host to rising star, sharing the three things you need to build a true hospitality brand.  Listen in for insight on creating a vision for your vacation rental company and learn how our STR Business Assessment can help you leave your hectic hosting days behind and take the first steps to becoming a STR Legend! Topics Covered The 5 stages of short-term rental hostingTraditional hostSide hustle hostHectic hostRising starLegend The characteristics of a hectic hostStarting to feel pressure of businessNo documentation, can’t outsourceWant to grow but don’t know howLack of clarity re: vision for brand How to shift from hectic host to rising starDiscipline to document processes Team to move vision forward The 3 things you need to build a STR brandSystemsTechnology People The 3 components of the Legends X frameworkVisionOperationsScale How to use our STR Business AssessmentTake 10-minute quiz to generate scoreGet clarity around what to focus onFree trainings tailored to your business Resources STR Business Assessment STR LegendsOvernight SuccessSean McGregor on Get Paid for Your Pad EP390The FounderBetter TalentThe DISC AssessmentGet Paid for Your Pad on YouTubeEmail [email protected]  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

If you have dreams of buying properties to list on Airbnb but you don’t qualify for a traditional mortgage, all is not lost! You can still acquire real estate and build a portfolio of short-term rentals by way of creative financing. Isaac Moore and Andrew LeBaron are the Cofounders of Buy More Time, a short-term rental property management company out of Arizona. Isaac and Andrew are also experienced real estate investors who specialize in using creative financing techniques to scale a STR portfolio and helping others do the same. On this episode of Get Paid for Your Pad, Isaac and Andrew join me to share their top creative financing strategies for acquiring Airbnb properties. They explain how to leverage seller financing, hard money or personal lenders to build your short-term rental portfolio and offer advice on using non-qualified mortgage products to purchase properties. Listen in for Isaac and Andrew’s insight on selling a lender on your hosting track record and get their five-step plan for buying your first STR properties with creative financing. Topics Covered How Isaac & Andrew got into short-term rentalsSeller financing deal in Mesa, ArizonaList on Airbnb to earn 3x market rent Isaac & Andrew’s journey to starting Buy More TimeSold lease on first unit for $30KUse profits to arbitrage additional listingsStart property management company Isaac & Andrew’s first seller financing dealTake over mortgage, no money downLease with option to purchaseControl property without ownership Why a property owner would do seller financingLessee makes upgrades to property for STRLessee takes over mortgage payments The note and deed of trust method of seller financingOffer small non-refundable down paymentPay 1% or 2% interest on balance of homePay mortgage (through 3rd-party company) How Isaac & Andrew partner with a personal lender Friend in network willing to loan $30K 6 arbitrage units up and running in 30 days10% interest-only payments for 12 months  The benefit of non-qualified mortgage productsProve rental income with Airbnb statementPut toward purchase of another property The difference between hard and soft moneyHard = at least 10% interest, short-termSoft = 7% to 9% interest, long-term What makes hard money a good tool for STRLenders willing to finance based on ARVRefinance and use equity to buy more unitsNo pre-pay penalties Isaac & Andrew’s 5-step plan for getting startedFind landlord willing to do lease optionFurnish, beautify and list on AirbnbDocument everything to show incomeAsk landlord to deed/seller carry propertyRefinance property with Isaac Connect with Isaac & Andrew Buy More TimeEmail [email protected] Resources Live Let Thrive PodcastWeststar MortgageGet Paid for Your Pad on YouTubeThe Obstacle Is the Way: The Timeless Art of Turning Trials into Triumph by Ryan HolidayEmail [email protected]  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

During the pandemic, smart Airbnb hosts focused on making it easy for guests to work from home. But Aaron Hanauer took it a step further and made it easy for his guests to work OUT from home as well! Aaron is an Airbnb Superhost out of Minneapolis, Minnesota. He got into the STR space in 2017, renting one unit of his 1916 Tudor-style home on the platform and investing the profits to add a garden apartment to his STR portfolio soon thereafter. During COVID, Aaron and his wife Colleen focused on the health and wellness niche, adding Peloton bikes as an amenity in their Airbnb units. On this episode of Get Paid for Your Pad, Aaron joins me to discuss the benefits of marketing to Peloton users, explaining what’s special about the Peloton experience and how the bikes have led to a 15% revenue increase. He shares the cost of adding a Peloton to your STR units and describes what he is doing to ensure guest safety in his listings. Listen in for Aaron’s insight on making your Airbnb a health and wellness destination and get his advice on adding smart home gym equipment to your STR strategy! Topics Covered How Aaron got into hosting on AirbnbRent one of three units in historic homeInvest profits in getting second STR What Aaron did to navigate COVIDImprove work-from-home experienceAdd Peloton bikes for guest use Why guests book units with PelotonsDon’t miss workouts while travelingDo rides with friends and family The benefits of marketing to Peloton usersLoyal following of 5.4M membersFree advertising on sites like Pelo Buddy What’s special about the Peloton experienceEngaging instructors, library of classesWorkout at home at any time How much it costs to add a Peloton to your STR$1800 for bike, $39 monthly subscriptionLess than $100/month with financing Aaron’s stats from May through December 202085% occupancy, 16-day average stayAble to raise prices by 15% What Aaron is doing to ensure guest safetyUmbrella insurance policyMust be 16 years old to use bike  How Aaron is creating a wellness destinationAdd strength machine, yoga studioJapanese soaking tub and sauna Aaron’s tips for STR hosts adding a PelotonSecure warranty ($200 for three years)Provide water bottles, disinfectant Connect with Aaron Colleen & Aaron on AirbnbEmail [email protected] get_surly on Peloton Resources Christian Gissing on GPFYP EP301PelotonTonalMIRRORPelo BuddyPeloton Hotel FinderTen Thousand WavesWil Slickers on GPFYP EP382Legends XEmail [email protected]  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

Airbnb was a crazy saturated space pre-COVID and once the whole world shut down, it caused everyone, including people in real estate to have to majorly pivot and pivot quickly. Now, as some city regulations are slowly being lifted, where do you even start with the market with the way it is right now? How do you manage to do Airbnb successfully when the guidelines have become so strict, let alone grow it into a reliable business during this time? How do you eventually get to a place of holding dozens of units at a time? Michael Kiriazis and Peter Francis, are the founders of Goat Hote, known as the GOAT (“Greatest Of All Time”) of recommendations for food, fun, and experiences in the travel world. Michael and Peter started their management company only three years ago, now with over 60 units across the U.S. In the past 2 years during COVID, they were able to massively pivot from a master leasing model to predominantly a management model. The two have been active members of our Legends X community even before the existence of Goat Hote. On this episode of Get Paid for Your Pad, Michael and Peter join me to explain how they have managed to become a well known Airbnb management company in only 3 years. They not only take me through the ups and downs of their journey, but they also share pieces of advice along the way on how to successfully do what they do. Listen in for Michael and Peter’s biggest pieces of advice on taking advantage of one of the most exciting times in the Airbnb world. Topics Covered How Michael and Peter get started and come up with the brand name of Goat HoteStarted with flipping homes and wanting to make money on themAirbnb was very crowded place at the time, so they wanted to stand out and be the GOATWhere all of the properties are located across the U.SStarted in ChicagoNow in over 10 different marketsHow Michael and Peter manage the 60+ unitsFind the best of the best management/cleaning teamsFound that couples and family owned companies do the best work with the unitsHow Michael and Peter find their management/cleaning teams Reach out mainly through Yelp, Facebook, and turnoverbnb.comUsually give each company around 8 units and shoot to have at least this many units per cityMichael and Peter’s experience losing a bunch of money with their master leases, once COVID hitHad just signed 2, 4 unit apartment buildings in San Diego in February right before COVID (near 10k a month for each lease and 20k in furniture)Lost 90k in about a 24 hour periodWhat Michael and Peter’s goals are for the companyTo own enough real estate assets to eventually use to retire and have the lifestyle they wantTo grow as much as possible and keep growing to different cities, having the chance to sell in the next 5 yearsMichael and Peter’s advice for those who want to grow but are struggling to find new clients Talk to everyone and clients will comeStart with distressed propertiesWhat has been most beneficial for Michael and Peter in  the Legends X program so far Organization and extensible stepsAllowed a place for all the systems in place, helping their VA’s and team as a whole Connect with Goathote.comGoat Stays on InstagramEmail at [email protected] Resources The 4-Hour Workweek: Escape 9-5, Live Anywhere and Join the New Rich by Timothy Ferriss‘Alive Time or Dead Time. What Will It Be?’ in the Daily StoicThumbtackMatterport Virtual 3D Real Estate ToursStarlinkJulie George on ClubhouseLegends XGet Paid for Your Pad on YouTubeEmail [email protected]  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

The best business strategy is a satisfied customer. And if you host one or two short-term rental properties, it’s fairly easy to earn five-star reviews on Airbnb. But how do you maintain a high-quality guest experience at scale? How do you rack up 2,000-plus reviews and keep a 4.99 rating?Sean McGregor is the Founder and CEO of Stay Work and Play Co-Hosting, otherwise known as SWAP Lofts. Sean and his wife Lindsey have been hosting on Airbnb since 2012, garnering 2,212 reviews and a 4.99 rating overall. Sean pivoted to the cohosting model during the pandemic, and so far, he has built a portfolio of 15 listings in five states. He is also an active member of our Legends X community.On this episode of Get Paid for Your Pad, Sean joins me to explain how he pivoted his STR business during COVID, sharing what he did to connect with property owners and build his management portfolio. He discusses using Thumbtack to find good team members in a new location and walks us through his plans to scale SWAP. Listen in for Sean’s top four strategies for maintaining a five-star guest experience—even as you grow your STR business!Topics CoveredHow Sean got his start with short-term rentalsHelped then-girlfriend Lindsey host on AirbnbManaged remotely during family trip to EuropeHow Sean pivoted to cohosting during COVIDDraw on experience managing family property Find property owners in Facebook groupsHow Sean uses Thumbtack to find team membersHire photographer, cleaners, handyman, etc.Narrow down by reviews, they bid on jobWhy Sean pays for a photographer to do a 3D tourMakes it easier for cleaners to bid on jobHelp guests and team members find thingsHow Sean maintains a high guest satisfaction scoreMake it as easy as possible to check inPersonal connection via text throughout stayMake it right when things go wrongSean’s top strategy for getting a 5-star reviewWrite detailed, friendly review for guestText screenshot and they reciprocateSean’s plans to scale SWAP Co-Hosting Document processes through Legends XBuild team so business can run without himWhat Sean did before he got into short-term rentals College VIP discount cards for studentsGolf VIP (access to/discounts on courses)Why Sean recommends the Legends X programAccountability pods to stay engagedCommunity going through similar thingsConnect with SeanStay Work and Play Co-HostingResourcesThe 4-Hour Workweek: Escape 9-5, Live Anywhere and Join the New Rich by Timothy Ferriss‘Alive Time or Dead Time. What Will It Be?’ in the Daily StoicThumbtackMatterport Virtual 3D Real Estate ToursStarlinkJulie George on ClubhouseLegends XGet Paid for Your Pad on YouTubeEmail [email protected] SponsorHostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

So, you don’t quite make enough money to support yourself as a short-term rental host. But you know you need to spend more time on the business if you want to grow. Do you wait and try to save more money? Or do you take a leap of faith, quit your job and go all-in on Airbnb? Sergio Castaneda is a part of our Legends X community and the founder of Jungle House, a short-term rental company out of Columbus, Ohio. Sergio was running two successful Airbnb units on the side while he worked full-time. But after a particularly stressful week on the job, Sergio quit to run his STR business full time. Today, he supports himself fully with the revenue from four listings and Jungle House was recently named one of the top 18 vacation rentals in Columbus. On this episode of Get Paid for Your Pad, Sergio joins me to explain why he quit his job to go all-in on Airbnb, describing how it felt to walk away from his 9-to-5 and what the transition to full-time host looks like. He offers advice on how to attract bookings, challenging us to tell a story through photos and build trust with prospective guests in our listing. Listen in for Sergio’s insight on increasing your STR revenue and find out what he has planned for the future of Jungle House! Topics Covered What inspired Sergio’s interest in AirbnbPassion for real estate and hospitalityWay to give back to travel industry How Sergio got his start in short-term rentalsLease small studio for test runUse money to buy first homeRent spare bedroom to cover mortgage How Sergio felt about quitting his jobConfident (other STR units doing well)Didn’t want to look back with regret Sergio’s advice on how to attract bookingsInvest in professional photosTell story with picturesBrag about listing in descriptionBuild trust with About Me What Sergio does to increase his revenueUse dynamic pricing toolsOffer late checkout, early check-in Sergio’s plans for the future of Jungle HouseCreate systems that don’t need meFocus on brand and growing companyPartner with likeminded investorsAdd units (some in other locations) Connect with Sergio Jungle HouseEmail [email protected] Resources PriceLabsWheelhouseBeyond PricingStayFiArthur Colker on GPFYP EP386MailChimpLegends XGet Paid for Your Pad on YouTubeEmail [email protected]  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

To scale a short-term rental business, you need more properties. And the best way to expand your portfolio is to build relationships with the right people. People who can help you find new units to manage. So, who should STR operators be connecting with? And how do we go about building those relationships? Liam Carolan is the short-term rental expert behind Ginger & Gold, a property management company out of Norwich in England’s Norfolk County. Liam started hosting on Airbnb in January of 2019, and today, he and his partner have a 10-unit portfolio of master lease and management properties. Liam is also a member of our Legends X community. On this episode of Get Paid for Your Pad, Liam joins me to explain how he builds rapport with letting agents, challenging STR operators to get out of our comfort zone and provide value before we go for the ask. He explores who to build relationships with as you scale and how to build trust by considering what’s important to the other person and following up on what you say you’re going to do. Listen in for Liam’s insight on being clear about what you want and learn how to leverage relationships to find new properties and scale your STR business! Topics Covered How Liam got into short-term rentalsWanted to spend more time with sonFound mentor doing master leasing How Liam builds rapport with letting agentsDrop into office multiple timesExplain how you can help them Who to build relationships with as you scale Letting agentsLocal property networking groupsOther local STR operators How to build trust in a business relationshipFollow up on what you say you’ll doDemonstrate competencePut yourself in their mindsetLean on transferable skillsTell stories, real world examples The value in being clear about what you wantEasier for letting agent to help youCreate preferred investment area map  Why Liam joined the Legends X programHelp with focusStrategies to scale up business What Liam has learned in Legends XLeverage values to make decisionsBuild detailed playbook of processesPower of bold brand promise Connect with Liam Ginger & GoldLiam on LinkedIn  Resources Google My MapsMark SimpsonJulie GeorgeLegends XGet Paid for Your Pad on YouTubeEmail [email protected]  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

If you manage one or two properties on Airbnb, it’s fairly easy to keep track of your communications with cleaners and maintenance personnel. But as you grow a STR business, it gets more and more challenging to oversee quality control and keep up with routine maintenance on multiple listings. So, what can you do to streamline your cleaning and maintenance processes and maintain a high-quality guest experience—no matter how many properties you manage? Jeremy Gall serves as CEO of Breezeway, the leading property care and operations platform for short-term rentals. The Breezeway software helps coordinate, communicate and verify detailed work, supporting STR hosts in delivering the best possible guest experience across a portfolio of properties. Jeremy got his start in the STR space in 2006 as the cofounder of vacation rental marketplace FlipKey before shifting his focus to management and founding Breezeway in 2016. On this episode of Get Paid for Your Pad, Jeremy joins me to explain how Breezeway helps hosts scale a STR business, facilitating communication with cleaners and other service personnel and automating as much of the turnover process as possible. We explore the role cleaning and maintenance staff play in helping us build a brand and tailor the guest experience as we grow. Listen in to understand how the Breezeway guest messaging product works and learn how Jeremy’s software is tailored specifically to YOUR vacation rental business. Topics Covered What inspired Jeremy to build BreezewayHost needs around property maintenanceHigher guest expectations for experience How a STR cleaner’s job goes beyond cleaningSupport host in delivering guest experience Manage inventory, identify maintenance issues How Breezeway helps hosts scale a STR businessSmart technology to manage cleaning schedulePlan recurring maintenance, quality controlAutomate as much of turnover as possibleCoordinate with all external service providers Jeremy’s insight on how the Breezeway system worksConnect with main marketing channel or PMSSet up workflows (tailored to your business)Deploy with existing service providers How the Breezeway messaging product functionsText guests shortly after arrival Offer guests concierge service Communicating with service personnel on BreezewayCreate task in system, sends auto alertService personnel provides feedback Connect with Jeremy BreezewayEmail [email protected]  Resources STR Profit AcademyLegends XGet Paid for Your Pad on YouTubeEmail [email protected]  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

There are two ways to get more direct bookings: You can either find new customers or get current customers to return. And when you try to recruit brand new guests, you’re competing with the marketing budgets of well-known OTAs like Airbnb. But past guests are much easier to market to and sending an email is free. The question is, what’s the best way to collect our guests’ email addresses? Arthur Colker is the Founder and CEO at StayFi, the premiere provider of Wi-Fi marketing services for vacation rentals. Founded in 2018, StayFi is on a mission to help short-term rental managers seamlessly collect guest information, build brand awareness and drive more direct bookings. Arthur also serves as the editor-in-chief of  VRM Insider, a content platform for the vacation rental business. On this episode of Get Paid for Your Pad, Arthur joins me to explain why it’s important to collect guest emails and describes how StayFi can help us build a stable of return customers. He offers suggestions for content to send during and after a guest’s stay, challenging us to provide value and keep customers engaged with our brand. Listen in for insight on how StayFi impacts the guest experience and learn how YOU can benefit from using Arthur’s Wi-Fi marketing tool. Topics Covered What StayFi does for vacation rental operatorsWi-Fi marketing tool built for STRCollects emails when log in to internet Why it’s important to collect guest emailsBuild brand separate from OTAEfficient way to do rebooking business Arthur’s strategies for marketing to prior guestsTraditional newsletter or 1:1 emailsTargeted digital advertising What content to send during a guest’s stayWelcome email and link to house guideSuggested restaurants, local activities What content to send after a guest’s stayOffers to book again with discountIntro to multiple propertiesUpcoming events in areaPersonalized 1:1 peer text email Why most guests don’t mind using StayFiLogin common in airports and hotelsPromos in exchange for email address How hosts benefit from using StayFiCollect ALL guest emailsAutomated and efficientGuest agrees to terms of serviceIntro guests to STR brandSee status of Wi-Fi networksOccupancy alertingConsolidate internet subscription How hosts can start using StayFiPlug device into home Wi-Fi routerInstruct guests to join network Connect with Arthur StayFi [Promo Code PAD]Arthur on LinkedIn Resources MailChimpRueBaRueHostfullyTouch StaySTR Profit AcademyLegends XGet Paid for Your Pad on YouTubeEmail [email protected]  Sponsor Hostfully [Discount Code PAD]   Hosted on Acast. See acast.com/privacy for more information.

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Travel is back in a big way, and people are hungry for unique experiences. And Wil Slickers contends that you can differentiate your short-term rental brand and attract guests through destination creation. But how do you take an average apartment or single family home and transform it into a destination? Wil is the Hospitality Expert and Destinationaire behind Slick Talk: The Hospitality Podcast, a show dedicated to all things hotels, hospitality and business. He is also the Cofounder of Recreation Rentals, a new boutique STR management company based in Seattle and a member of our elite Legends X short-term rental business accelerator.  On this episode of Get Paid for Your Pad, Wil joins me to explain what he means by destination creation, discussing what he does to make a property so special that the guest doesn’t have to leave. He offers advice on turning a regular apartment or home into a destination, challenging you to tap into your local community and build amenities around your ideal guest. Listen in for Wil’s insight on designing themed STR units learn how to build a thriving vacation rental management business by making your property a destination. Topics Covered Wil’s background in hospitality and vacation rental managementFell in love with hospitality working for MarriottShift to boutique hotel, became youngest GM in areaQuit day job in 2019 for vacation rental management What Wil means by the term ‘destination creation’Make property so special guest doesn’t have to leaveHone into uniqueness of property and/or brand How to turn a regular apartment or home into a destinationTap into community, support small businesses in areaTell story with amenities made locally How to turn your space into a destination for your ideal guestCater listing to type of traveler you want to attractThink about guest needs (e.g.: standing desk, Wi-Fi) Wil’s insight on designing themed units for your STR guestsCan be expensive to create up frontIncredible ROI, earn up to 3X that of competitors Wil’s top lessons learned from hosting a hospitality podcast Guests became most valuable resourceStay in contact and build community Wil’s top advice for aspiring STR business owners1.     It’s not just about making money2.     Be willing to learn technology3.     Tap into your local community Connect with Wil Slick Talk the PodcastSlick Talk on LinkedInSlick Talk on InstagramSlick Talk on Facebook Resources CNBC Interview with Brian CheskyHow to Market to the Work-From-Home Traveler on GPFYP EP349Loma Homes Legends XGet Paid for Your Pad on YouTubeEmail [email protected]  Sponsor Hostfully [Discount Code PAD]  Hosted on Acast. See acast.com/privacy for more information.

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Do you see other short-term rental hosts as competitors or potential collaborators? It may seem counterintuitive, but connecting with other STR entrepreneurs for support can lead to opportunities for partnerships and additional income streams. And it’s that kind of abundance mentality that helped today’s guest scale from 8 to 50 units in less than a year.Aaron Kirkham is the Founder of Kirkham Kastles, a short-term rental management company based in Park City, Utah. He operates 50 properties in Washington, Idaho and Utah, leveraging a background in marketing and hospitality to scale his STR business despite a global pandemic. Aaron is also the creator of several STR service companies, including Rubbish Rollers and Vacation Rentals Cleaning.On this episode of Get Paid for Your Pad, Aaron joins me to explain how he grew from 8 to 50 units in 2020, discussing why travelers are drawn to the area and what new challenges he is facing as he scales. He shares his unique approach to solving problems in his business, describing how he collaborates with fellow STR operators and what companies he has started to support other hosts. Listen in for Aaron’s insight on managing your time as a ‘hectic host’ and get his top tips for managing units in other states.Topics CoveredHow Aaron grew from 8 to 50 units in less than a yearHigh demand in conservative area despite pandemicShow owners profit potential vs. long-term rentalWhy travelers are attracted to Utah, Idaho and WashingtonWorld-class ski resorts in winterConvention centers and Silicon SlopesWhat Aaron does to connect with other STR operatorsStart open Facebook group for help and referralsMastermind group to share processes, collaborateAaron’s approach to solving problems in his businessFind solution for selves, be resource for othersLeverage solution to generate new income streamWhat companies Aaron has started to support other hostsRubbish Rollers (trash to curb service)Vacation Rentals CleaningAaron’s insight on how to handle snow removal as a STR hostLandscaping companies transition to snow removalOutsource to cleaner or kid in neighborhoodThe new challenges Aaron is facing as he scales his businessFinding great team members, service providersGiving up element of controlAaron’s advice on managing your time as a ‘hectic host’Let clients go when low return on time investedCharge what you’re worth to make more doing lessHow Aaron manages units in three different statesNetwork in new location, join local groups on socialHave go-to person in place plus backup optionsConnect with AaronKirkham KastlesRubbish RollersVacation Rentals CleaningEmail [email protected] (208) 252-4123ResourcesAlta Ski AreaBrighton ResortSolitude Mountain ResortVisit Ski CitySki Resorts in Park CitySilicon SlopesDinosaur National MonumentSTR Profit AcademyLegends XGet Paid for Your Pad on YouTubeEmail [email protected] [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

Even if you take every possible precaution, there’s still a chance that an Airbnb guest could get hurt on your property and sue you for negligence. That’s exactly what happened to Tamara Swager. So, how did she navigate such a stressful time? And what steps can you take to protect yourself should something similar happen to you?Tamara is the Founder of Swag Hospitality, a short-term rental business out of Los Angeles County, California. She manages six properties, most of which are located in STR-friendly Long Beach, a perfect spot for travelers visiting attractions like Hollywood, Disney and Venice Beach. Tamara is also an Airbnb Plus host and active member of our STR Profit Academy.On this episode of Get Paid for Your Pad, Tamara joins me to share her unsettling experience with being sued by an Airbnb guest. She describes the incident that led to the lawsuit and walks us through the three-year process of providing information to counter the guest’s claims. Listen in for Tamara’s feedback on how Airbnb handled the situation and find out what you can do to protect yourself from litigation and prove that you’re a responsible short-term rental host.Topics CoveredWhy Tamara is crushing it right nowDisney reopening, moving into COVID orange tierSTR-friendly regulations finalized in Long BeachThe incident that led to Tamara being suedGuest fell on last step walking to car at nightDriven to medical facility by husbandWhat happened after Tamara contacted AirbnbCrawford & Company came out to take photosServed papers 18 months into processAirbnb assigned counsel on her behalfProvided information to counter accusationsCase resolved after 3 nerve-wracking yearsWhat Tamara has done to prevent future incidentsAlready had integrated lighting on every stepAdded reflective caution tapeTamara’s feedback on how Airbnb handled the situationFrustrating not to have point of contactAttorney assigned to case very responsiveCase settled by Airbnb (didn’t use STR insurance)The lessons Tamara learned from being sued by a guestLimit personal liability by setting up LLCRespond only after processing emotionsHave security cameras where legal to do soHow to demonstrate that you’re a responsible hostUse devices like NoiseAware and FreshAirSecurity features like Nest Cam, smart locksTamara’s advice on securing short-term rental insuranceDo apples-to-apples comparison of policiesWork with homeowners to choose best optionConnect with TamaraSwag HospitalitySwag on AirbnbResourcesSTR Profit AcademyAirbnb PlusCrawford & CompanyWeGoLookAirbnb Host Protection InsuranceNoiseAwareParty SquasherFreshAirNest CamProper InsuranceCBIZ Vacation Rental InsuranceBerkshire Hathaway GUARDUSAA STR InsuranceJulie GeorgeLegends XBusiness Network InternationalGet Paid for Your Pad on YouTubeEmail [email protected] [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

Are you chasing property owners and investors in an attempt to scale your short-term rental management portfolio? What if you could market yourself in a way that makes new business chase YOU?Julie George is the Founder of Million Dollar Host, a platform committed to helping STR hosts scale a successful property management business. Julie grew her own Airbnb management company from zero to 130 properties in three years and earned $8M before selling the portfolio in 2019, and she shares her secrets in the book Million Dollar Host. Julie also serves as a coach with our STR accelerator Legends X.On this episode of Get Paid for Your Pad, Julie joins me to explain what you need to know BEFORE you start marketing your STR business and how to position yourself as the Airbnb expert in your community. She shares her top strategies for building strategic relationships, describing how to team up with local real estate agents and where to meet potential investors and property owners in your community. Listen in for Julie’s insight on the benefits of self-promotion and learn how Legends X can help you implement Julie’s million dollar marketing secrets!Topics CoveredWhat you need to know before you market your STR businessBusiness identity, e.g.: luxury, eco-friendly, etc.Ideal property types and guest avatarHow to position yourself as a STR expert in your communityTraditional advertising (magazines, billboards, etc.)Write series of articles on benefits of AirbnbProminent storefront and/or website for investorsHow to get more comfortable with putting yourself out thereDevelop and display creative logo or catchphrasePractice elevator pitch to explain what you offerHow to build strategic relationships with real estate agentsGo to open house for overpriced luxury propertyOffer to team up to help agent sell home as STRPrepare appraisal report re: potential STR profitOffer investors opportunity to ‘try before you buy’Julie’s strategy for meeting local investors/property ownersGive 1-minute elevator pitch at local BNI meetingBring business card and gift for each attendeeConnect with JulieMillion Dollar HostMillion Dollar Host on FacebookMillion Dollar Host on InstagramJulie on TwitterJulie on LinkedInEmail [email protected] XJulie on GPFYP EP300Julie on GPFYP EP346Million Dollar Host: Julie’s AirBnb Portfolio Earned Over a Million Dollars in Her First Year … Yours Can Too by Julie GeorgeGet Paid for Your Pad: How to Maximize Profit from Your Airbnb Listing by Jasper Ribbers and Huzefa KapadiaAirDNAClubhouseKeys to Kelowna on InstagramBusiness Network InternationalGet Paid for Your Pad on YouTubeEmail [email protected] [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

Hosted on Acast. See acast.com/privacy for more information.

Hosted on Acast. See acast.com/privacy for more information.

Yesterday we announced our brand new virtual event, From Host to Successful Hospitality Brand. If you haven’t registered yet, do so now, because we’re opening up our private FB group where we’re going to start dripping out free content. In addition, you can connect with the experts that will be leading the training prior to the event. A bit more about the event...There are thousands of types of homes in the world. One home can look completely different from another one. But, every home has doors, windows, a foundation and a roof. We have discovered that this is true for successful short-term rental companies too. They are all different, but there are three ingredients they all have:1) A clear VISION. 2) Streamlined OPERATIONS. 3) A focus on SCALE.And we're going to dive deep into these three pillars on our upcoming LIVE virtual event on March 18th-19th.Click here to grab your seat (it's free)You don't want to miss this one! Hosted on Acast. See acast.com/privacy for more information.

As you know, Eric and I have been working together for a few years now building different products and events for the short-term rental industry.To better serve our mission, we've officially partnered to bring all of our brands and products under one umbrella.We're calling our company...Overnight Success! If you're reading this, you're one of the first people to hear about our rebrand.. Through Overnight Success, we're able to drive more value, and help hosts from around the world achieve freedom through building the hospitality businesses of their dreams. We have a lot in store for you and the S.T.R. industry this year, and we're excited to be on this journey with you.Stay tuned! Check out our new site at www.overnightsuccess.io. Hosted on Acast. See acast.com/privacy for more information.

As of December 7, 2020, Airbnb hosts who use third-party property management software are required to use Simplified Pricing (unless your listings are in the US, Canada, Mexico, Argentina, Taiwan, Uruguay or the Bahamas). This means there will be no service fee visible to the guest, and the host will pay 15%. So, how can you adjust your pricing to accommodate this new policy?Anurag Verma is the Cofounder at PriceLabs, a dynamic pricing tool and market data resource for short-term rental hosts. PriceLabs uses a data-driven approach to help STR operators manage pricing and stay restrictions, growing their revenue in the process. Anurag has eight years of experience in the travel industry, and he is an expert in the field of in revenue management.On this episode of Get Paid for Your Pad, Anurag joins me to discuss how to adjust your rates to accommodate the new 15% Airbnb host fee. He explains how the length of stay and lead times have shifted in the COVID era, offering advice for STR hosts around how to optimize revenue in an uncertain time. Listen in for Anurag’s insight on leveraging market data to make pricing decisions and learn how YOU can benefit from using the PriceLabs revenue management platform!Topics CoveredHow to adjust your rates to accommodate the 15% host feeRaise prices in order to keep your payout the sameGo through the math carefully, use PriceLabs blogThe two STR variables that have changed in the COVID eraLength of stay increase (double in some locations)Lead time shorter, booking rush 2 to 3 weeks outAnurag’s advice on planning if you’re in a summer marketGo ahead and raise rates for summerMonitor market data, lower prices as necessaryWhat STR hosts are doing to generate more bookingsOffer discounts to guests who extend their stayShare discount code with previous guestsWhy STR guests have more flexibility right nowAbility to do remote work from anywhereNo penalty to change flightsAnurag’s tips for optimizing your revenue in 2021Use market trends to adjust last-minute pricingDon’t discount TOO much and don’t panicExperiment with one property to see what worksHow PriceLabs’ Market Dashboard feature worksEnter address and select radiusReceive email as trends changeHow to use market data for strategic pricing decisionsWhat kind of bookings are happening?Am I getting that kind of booking?Will I benefit from that kind of booking?How can I attract bookings like that?The benefits of leveraging the PriceLabs platform$10 flat fee for Market DashboardDynamic Pricing based on # of propertiesConnect with AnuragPriceLabs [Code GPFYP]ResourcesSTR LegendsAirbnb’s Simplified Pricing GuidelinesPriceLabs’ Blog on Adjusting for the 15% Host FeeJasper’s Price Adjustment CalculatorPriceLabs’ Market DashboardsGet Paid for Your Pad on YouTubeEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

We all know that you can save money by buying in bulk. And most short-term rental hosts do try to negotiate discounts when we purchase multiple mattresses, rugs or couches for our units. But what if you could leverage the purchasing power of, say, 50,000 STR hosts AND have someone else do the negotiating for you? What if you could get up to 75% off the furniture and amenities you need to set up and manage your Airbnb units?Jeff Iloulian is the Cofounder and CEO of HostGPO, the first international group purchasing organization for the short-term rental industry. Jeff’s team helps professional vacation rental managers save time and money by offering access to exclusive deals on furniture, mattresses, linens and STR amenities. Jeff has nearly ten years of experience as a host himself, running as many as 150 units in Southern California.On this episode of Get Paid for Your Pad, Jeff joins me to discuss the benefits of joining HostGPO, sharing the conditions for becoming a member and some of the brands HostGPO partners with. He walks us through the process of ordering through HostGPO and explains the minimum requirement for purchases. Listen in for Jeff’s advice for hosts moving into 2021 and learn how you can save up to 75% on furniture and amenities for your STR units!Topics CoveredJeff’s advice for vacation rental managers moving into 2021Be strategic in choosing marketsFocus on professionalism, unit integrityHow Jeff thinks about the trend toward secondary marketsTemporary thing caused by COVIDDrive-to destinations will be popular for 3-4 yearsHow hosts can save up to 75% through HostGPOJoin pool of professional hosts (negotiate as group)Get discounts on furniture, mattresses, linens, etc.The cost and conditions of joining HostGPOFirst year free (fee will depend on # of units)Must have at least 3 STR unitsSome of the brands HostGPO partners withWilliams-Sonoma, West Elm and Pottery BarnHelix Sleep, Brooklinen and Standard TextilesWorld Amenities and Public GoodsThe requirements around minimum purchasesNo minimum amount for most vendorsSome partnerships geared toward larger ordersHow much hosts save through HostGPOAverage member saves 50% on new unit setupDiscounts range from 35% to 75%The benefits of joining HostGPOPurchasing power of all 50K membersNo commitment to buy through groupProducts for high-end or value unitsAccess to hospitality-optimized goodsStill allows for individualityDiscounts already negotiated for youHow it works to order products through HostGPOSome vendors offer coupon codeOthers require purchase orderHow HostGPO’s conditions differ from buying full-priceSame product warrantiesReturn policies waived in some casesWhat Jeff wishes he would have known from the startDon’t be too conservativeSet up better quality unit for much higher returnConnect with JeffHostGPOResourcesSTR LegendsEric MoellerHost GPO’s FAQ PageHost GPO’s List of Vendor PartnersEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

Travel has changed in the pandemic era. While it’s harder to make plans in advance, many are taking advantage of the ability to work from anywhere and driving to nearby sun-and-snow destinations. So, what can we do to learn how our particular market has changed and adjust our pricing to take advantage of these trends?Andrew Kitchell is the Founder and CEO of Wheelhouse, a platform designed to help short-term rental hosts manage their units as professionally and efficiently as a major hotel. The Wheelhouse software offers revenue management tools and market insight reports to support STR operators in creating a custom pricing strategy that works for their business. Andrew is a serial entrepreneur with more than a decade of experience building startups in the vacation rental and real estate data space.On this episode of Get Paid for Your Pad, Andrew joins me to discuss how COVID is driving travel trends in 2021. He describes how lead times have shifted, explaining how to analyze lead time data for your market and adjust your pricing accordingly. Listen in for Andrew’s insight on how length-of-stay patterns have changed and learn how to leverage dynamic minimum stays to fill gaps in your calendar and maximize your revenue in the new year!Topics CoveredHow COVID is driving travel trends in 2021Harder to plan in advance = shorter lead timesAbility to work from anywhere = longer staysHow Andrew defines lead time for short-term rentalsHow far in advance guests book your STRBest way to see how market values your propertyHow to analyze lead time data for your marketCompare your lead times with market averageSelling too far in advance means it’s underpricedHow lead times have changed in 2021General trend to shorter lead times (< 20 days out)Popular drive-to destinations = longer lead timesWhat Airbnb host accommodations are earning more revenueFlexible cancellation policyPet-friendly unitsHow length-of-stay patterns have changed in 2021Guests staying longer in most marketsTrend toward extended bookingsHow to maximize STR revenue with dynamic minimum staysDon’t take short bookings far in futureSet minimum slightly higher than market averageDecrease minimum stay as dates get closerHow to deal with gaps in your STR calendarOffer discount for guest staying just before gapUse Wheelhouse to auto adjust minimum stayThe new features available through WheelhouseMarket Reports came out Q4 of 2020Beta testing Competitive Set ToolConnect with AndrewWheelhouse [Referral Code PAD]Email [email protected] on GPFYP EP365Pet-Friendly STRs on GPFYP EP358Wheelhouse Market ReportsSTR Legends MastermindAirbnb Cancellation Policy TrendsAndrew’s Demo VideosEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

We experienced an unprecedented drop in GDP in 2020 and record unemployment numbers. And yet, the real estate and stock markets seem to be doing fine. So, how do we make sense of this discrepancy? What is the economic outlook for 2021 and beyond? And is now a good time to invest in short-term rental properties?Jason Hartman is the creator of The Empowered Investor and host of the Creating Wealth Show. He has spent the last 17 years helping people achieve financial freedom through real estate investing. Jason has been involved in thousands of real estate transactions and owned income properties of his own in 11 US states. He is also the author of the eBook Pandemic Investing: How to Turn Fear Into Profit.On this episode of Get Paid for Your Pad, Jason joins me to share his outlook on the global economy, discussing why the real estate and stock markets are booming despite record unemployment. He describes how STR investors can benefit from what he calls inflation-induced debt destruction, explaining why right now IS a good time to invest in real estate and when a mortgage is not a liability—but part of your asset. Listen in for Jason’s prediction around the future of the housing market and get his advice on aligning your interests with ‘the powers that be’ by investing in STR income properties!Topics CoveredJason’s insight on what is happening in the global economyRecord drop in GDP and unprecedented unemploymentGovernments creating money = markets boomingHow Jason thinks about the uneven economic recoveryService industries hit hard, information jobs doing wellWider gap between rich and poor (bad for society)How we can benefit from inflation-induced debt destructionTake advantage of 30-year, low fixed-rate mortgagesPay back with cheaper money in future due to inflationWhat makes now a good time to invest in the STR marketDrive-to markets with low density thriving in pandemicLinear and hybrid markets safer bets than cyclicalWhen a mortgage is not a liability but part of your asset30 years to pay off at artificially-low fixed rateCreate wealth over time as value of USD dropsJason’s prediction around the future of the housing marketMortgage rates will eventually HAVE to go upSupply constrained more and morePeople will stay put or keep properties as rentalsNew supply will have to be builtHow governments are likely to respond to ongoing unemploymentExpansion of rental housing assistance programsPush to universal basic income (control spending)Jason’s advice for short-term rental real estate investorsAlign interests with governments and central banksIncome properties most proven asset class in worldConnect with JasonEmpowered InvestorPandemic InvestingCreating Wealth ShowResourcesSTR Legends MastermindCantillion EffectEric MoellerSection 8Andrew Yang1984 by George OrwellEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

What kind of linens should you buy for your short-term rentals? Should you focus on quality or durability? And how do you take care of the bedsheets and towels so that they last longer?Harold Gonzalez is the Cofounder of EXSTR Apartments, a STR property management company based in Cali, Colombia, where ‘the weather is hot, the drinks are cold and you’re always welcome.’ Harold got his start in hospitality working for Marriott International in New York City, and after eight years in the hotel industry, he transitioned to vacation rentals. Today, Harold and his business partner, Patrick, manage a portfolio of 21 units—including my penthouse in Cali! Harold has special expertise in maintaining linens, and he recently led a training on the subject in our STR Profit Academy.On this episode of Get Paid for Your Pad, Harold joins me to explain how to manage your linen efficiently, offering insight on how to decide what type of bedsheets and towels to offer your guests and find the right balance between durability and quality. He shares the do’s and don’ts of washing and drying linens for a short-term rental, describing how to get rid of difficult stains without using harsh chemicals. Listen in for Harold’s advice on deciding whether to outsource linen management or take care of it in-house and learn how to extend the life span of the bedding and towels in your Airbnb units.Topics CoveredHarold’s insight on traveling to Cali, ColombiaBeautiful weather, third largest city in countrySome COVID restrictions but open to air travelHarold’s background in the hospitality industry8 years with Marriott Hotels in New York CityWorked way up to management in short timeThe pros and cons of outsourcing linen managementSaves timeMore costly, less controlHow to decide what type of linens to offer guestsLook at what competitors offer, guest feedbackConsider type of travelers who stay with youFind balance between durability and qualityHarold’s advice on choosing the best linens for a STRThread count from 200 to 300Cotton-polyester blend (soft and durable)All white associated w/ cleanliness + comfortKeep three sets on hand for each unitThe don’ts of washing and drying STR linensDon’t ball up sheets or overload machinesDon’t use harsh chemicalsDon’t put detergent directly on linensDon’t use too much detergentDon’t dry on high heat or let sit in heatDon’t use fabric softenerThe do’s of washing and drying STR linensDo spot treat stainsDo use mild detergentDo unfurl linensDo use medium heat settingsDo soak in vinegar + baking soda regularlyHow to get rid of stains on linensTreat grease and oil w/ dish detergentUse denatured alcohol on makeup stainsGet rid of dirt w/ baking soda + vinegarTry baking soda or salt to lift wineOnly use bleach as last resortHow to extend the life span of your STR linensPost house rules, inventory and instructionsProvide makeup wipes or black towelsOffer guests disposable towels for accidentsConnect with HaroldEXSTR ApartmentsResourcesSTR Profit AcademyYour Porter [Discount Code PAD]Email [email protected] Hosted on Acast. See acast.com/privacy for more information.

Remote work became a reality during the COVID-19 pandemic, and many of us learned that you really can do business from just about anywhere. And now that companies like Twitter and Square are giving their teams the option to work from home even after we return to normalcy, remote employees are looking for a cool places travel and do their work. So, what can STR hosts do to capitalize on this opportunity?Robert Nunez is the vacation rental expert behind Work in Paradise, a STR villa on the island of Aruba that caters to remote workers. The Work in Paradise suites are minutes away from the beach, affording guests the opportunity to snorkel or enjoy a SeaBob adventure when their work day is done. Robert has been hosting on Airbnb since 2013, and in addition to his Aruban villa, he manages a portfolio of 76 units in Philadelphia, Miami, New York and New Jersey.On this episode of Get Paid for Your Pad, Robert joins me to explain how he came up with the idea for Work in Paradise, describing what Aruba has to offer remote workers and why he chose to open a new business during the pandemic. He offers insight on attracting remote workers on social media and providing both private and community workspaces (with reliable Wi-Fi) throughout the villa. Listen in for Robert’s advice to STR hosts on seeing the opportunity in a crisis, learning from other operators and challenging yourself to grow every day.Topics CoveredHow Robert ended up in ArubaVisited friend on island last JulyStruck by beauty and peaceHow Robert came up with the idea for Work in ParadiseRemote work became reality during shutdownPeople will want cool place to do businessWhat Aruba has to offer remote workersParadise (blue water and consistent weather)Friendly for tourists, lots of things to doHow Robert attracts remote workers to his STRActive on social mediaTap into online remote work communityHow Robert caters to remote workers in his unitsPrivate suite with workstationWork areas throughout villa with reliable Wi-FiEngage with guests to create communityHow Robert profited from staying the course in COVIDAdded inventory when others ran awayHosted first responders, contractors, etc.Robert’s advice for aspiring STR entrepreneursTalk to people already doing itDon’t let people talk you out of opportunityRobert’s advice for current STR hosts‘Push the envelope’Do one thing each day to growConnect with RobertWork in ParadiseResources“Twitter Announces Employees Will Be Allowed to Work from Home ‘Forever’” in The GuardianEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

Guest communication has changed in the COVID era. Travelers have more anxiety right now, and there is a strong need for STR hosts to communicate clearly and be responsive to our guests’ questions and concerns. So, what can we do to build a personal connection with our guests in a socially-distanced world and make them feel comfortable staying with us?David Jacoby is the Cofounder and President of Hostfully, a platform designed to help short-term rental hosts provide five-star hospitality through beautiful digital guidebooks and a full-scale property management system. Prior to Hostfully, David served as the COO of WellCall, Inc., a health coaching and corporate wellness program that was acquired by Health Advocate in 2012. He is also a graduate of the Wharton School of Business at the University of Pennsylvania.On this episode of Get Paid for Your Pad, David joins me to discuss the importance of guest communication in a COVID world, explaining what questions travelers are asking right now and how their habits have changed through the pandemic. He shares his top tips for communicating clearly with guests, describing how hosts are incorporating video in their guidebooks and what we can do to balance personalization and email automation. Listen in for the top takeaways from Hostfully’s 2020 Hospitality Report and get David’s insight on building a personal connection with guests—even in the midst of a pandemic.Topics CoveredWhy guest communication is more important now than everDemonstrates professionalismMore difficult to find accurate info onlineDavid’s insight around STR trends in the COVID eraChoose repeat or familiar destinationsProperties with amenities, close to natureLook for flexible cancellation policyConcerns about cleanliness of propertyWhat questions guests are asking in a COVID worldWhat’s open in areaSafe things to do (outdoor activities)How to use amenitiesThe most recent updates to the Hostfully product suiteAbility to embed videos in guidebookTools to enhance brand, promote direct bookingHow hosts are incorporating video in their guidebooksWelcome messageHow-to videosHome toursVideos of area (i.e.: shopping district, local park)David’s hack for balancing scale with personalizationSend automated confirmation email with bookingAsk question in automated welcome emailSend personal note in response to questionResend welcome email five hours prior to arrivalCheck in with automated message one day into tripThe top takeaways from Hostfully’s 2020 Hospitality ReportUse of digital guidebooks more than doubled55% of hosts expect less revenue than 2019Direct bookings up by more than 25%Top challenges = technology, pricing and cleaningWhat upsells property managers are offering their guestsEarly check-in and late checkoutMid-stay cleaningsSpa servicesGroceries pre-arrivalConcierge services (e.g.: set up tours, activities)Connect with DavidHostfully [Discount Code PAD]David on LinkedInEmail [email protected]’s 2020 Hospitality ReportWheelhouseAndrew KitchellEric MoellerGet Paid for Your Pad on YouTubeEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

2020 was a roller coaster ride for short-term rental hosts. Yes, the COVID crisis presented some very big challenges. But for those of us who stuck it out, the year presented some very big opportunities as well. So, what did STR hosts learn in 2020? And how can we apply those lessons to succeed in 2021?Steven Che Suarez is the Cohost of Live Let Thrive, a podcast about Airbnb and the sharing economy, and the Cofounder and CEO of Argest Rentals, a full-service short-term rental management company. Steven and his partner, Federico, have 15 years of experience in the travel industry. They have flown a combined 1M miles, traveled to more than 60 countries and experienced a wide range of accommodations from youth hostels to high-end hotels. The Argest team knows what travelers expect, and they are dedicated to making the guest experience a unique and memorable one.On this episode of Get Paid for Your Pad, Steven joins me to recap the STR landscape in 2020, explaining how the past year turned out to be a blessing for hosts who persisted through the initial COVID shutdown. We discuss how the Airbnb IPO may influence short-term rental advocacy moving forward, and Steven shares the most important lesson he learned in the last 12 months. Listen in for insight into Steven’s goals for Argest Rentals in the new year and learn how YOU can take advantage of the opportunities for STR hosts coming in 2021.Topics CoveredHow Steven got started with short-term rentalsHouse hacking and doing long-term rentalsMyka on BiggerPockets suggested AirbnbThe blessings in disguise for STRs in 2020Great deals on STRs for hosts who persistedShutdown served to weed out pretendersSTRs rebounded much stronger than hotels‘Smooth oceans don’t make great sailors’How the Airbnb IPO might influence STR advocacyInflux of cash gives Airbnb more cloutMay help to fight bans in big citiesThe #1 thing Steven learned in 2020Never rent spot with own management teamCannot fire when serious issues ariseSteven’s aspirations for Argest in 2021Grow portfolio to 50 unitsBuild team of rockstarsSteven’s advice for aspiring STR operatorsBe boldTake actionConnect with StevenLive Let Thrive PodcastEmail [email protected] RentalsEmail [email protected] on FacebookSteven on InstagramResourcesJasper on Live Let Thrive EP007Jasper on Live Let Thrive EP118BiggerPocketsSTR Profit AcademyJohn An on GPFYP EP337STR LegendsJason HartmanTheron Lewis on GPFYP EP362David Krauss at Rent ResponsiblySarah Doan Glidewell on Live Let Thrive EP125VistaprintEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

To maximize revenue from your Airbnb listing, you have to adjust your pricing based on demand. But how do you identify when you can command a higher nightly rate for your short-term rental and when to keep your prices low? What do you need to know about your market to set your calendar up for success?Andrew Kitchell is the Founder and CEO of Wheelhouse, a revenue management platform that offers market insights for professional short-term rental operators. The Wheelhouse software provides data-driven pricing recommendations, while allowing STR hosts to customize a pricing strategy around their individual risk tolerance. Andrew is a serial entrepreneur with ten years of experience building startups in the real estate data and vacation rental space.On this episode of Get Paid for Your Pad, Andrew joins me to share his top revenue management secrets for short-term rental hosts. He walks us through the three demand drivers in any given market, discussing the best free resources we can use to identify the seasonality, day-of-week and local events curve in our area. Listen in for Andrew’s insight on reacting to the market as bookings emerge and learn the #1 way to optimize your STR revenue going into 2021.Topics CoveredHow Andrew hosted Airbnb CEO Brian Chesky at his STREarly adopter (on platform since 2010)Interviewed for ABC news storyThe challenge of creating a pricing automation tool for STRsLarge amount of dataDiversity of supplyWhat drives demand in a given STR marketSeasonalityDay-of-weekLocal eventsThe free resources for determining seasonalityWeather SparkWheelhouse Market DataThe free resources for identifying the day-of-week curveGoogle FlightsContact local hotel or revenue managerThe free resources for finding local eventsFlight information or conference center websiteSort events by relevance on TicketmasterAndrew’s insight on how to react first and winCompare lead time with market averageFind patterns as bookings emerge and adjust priceWheelhouse’s personalized pricing featureSet parameters around strategy/goalsChoose suggested, aggressive or conservative riskThe #1 way to optimize STR revenue going into 2021Be aware of average minimum stay in local marketUse Wheelhouse Dynamic Minimum Stays toolConnect with AndrewWheelhouse [Referral Code PAD]Andrew on LinkedInResourcesSTR LegendsAndrew on GPFYP EP071Wheelhouse Market DataWeather SparkGoogle FlightsTicketmasterWheelhouse Dynamic Minimum Night StaysEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

Last week, we took a closer look at the ownership model for a short-term rental business. But what if you’re not interested in buying real estate and would rather partner with people who already own it? If so, the STR management model is the best fit for you.Logan Humphrey is the Founder and CEO of Cohobnb Properties, a full-service vacation rental property management company in Northwest, Arkansas. Logan also serves as President of The Arkansas Short Term Rental Alliance, an organization advocating for fair short-term rental regulations in Arkansas, and he is an active member of our elite STR Legends Mastermind Community.On this episode of Get Paid for Your Pad, Logan joins me to discuss the management model he chose for his STR business, explaining why it’s important to build systems, set clear policy and focus on income-producing properties. He shares the obstacle he faced in complying with state law and offers advice on determining which owners you want to work with. Listen in for Logan’s insight on learning from people who know more than you and learn how his degree in philosophy is helping him grow a successful STR management company!Topics CoveredThe three basic short-term rental business modelsOwnershipManagementMaster leasingHow Logan built his property management businessRented apartment on Airbnb when hours cut at workStarted cohosting for friends and other hosts in areaGrew portfolio from 3 to 42 properties in 2019Set up full-service management company in 2020Dropped to 25 properties (focus on A + B players)What Logan wishes he had done from the startDevelop business plan and strategySet clear expectations and policySystematize how to handle recurring situationsChase after income-producing propertiesThe obstacle Logan faced in complying with state lawHad to find business partner with brokerage licenseLearn brokerage files and real estate contractsNow able to legally collect rents, fees from ownersAllows to list on multiple channels and own siteHow Logan identified his brand and who he wants to serveName came to him in dream, bought domainProperty must meet minimum revenue potentialOnly work with owners who allow price freedomThe driving factors behind Tim’s successSeek out mentors, mastermind groupComfortable with being told NOAbility to step back and work on selfConnect with LoganCohobnb PropertiesCohobnb on InstagramThe Arkansas Short Term Rental AllianceResourcesSTR LegendsGet Paid for Your Pad: How to Maximize Profit from Your Airbnb Listing by Jasper Ribbers and Huzefa KapadiaChip ConleyAirDNATony RobbinsTim FerrissTribe of Mentors: Short Life Advice from the Best in the World by Timothy FerrissEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

The first step in building a short-term rental business is choosing the right business model. Do you want to lease properties and then list them on Airbnb? Would you prefer to partner with owners, managing their STR properties for them? Or are you interested in owning the properties yourself and growing a short-term rental investment portfolio?Tim Hubbard is the Cofounder and CEO of Midtown Stays, a company that invests in and manages STR apartments in thriving midtown and downtown areas. Since he started the business in November of 2015, Tim has built a portfolio of 60 properties (32 of which are vacation rentals) in Sacramento, Memphis and Oklahoma City, accommodating 10K-plus business and leisure travelers with an average review of 4.8 stars. He is also an active member of our elite STR Legends Mastermind Community.On this episode of Get Paid for Your Pad, Tim joins me to discuss the ownership model he chose for his STR business, explaining why he suggests exploring markets beyond your home city and how to get financing for real estate investments. He shares the driving factors behind his success and offers advice on communicating with your team and taking advantage of OTAs beyond Airbnb. Listen in for Tim’s insight on the benefits of investing in studio apartments for short-term rental and find out if the owner/operator model is the right fit for you!Topics CoveredThe three basic short-term rental business modelsOwnershipManagementMaster leasingHow Tim’s business is structuredOwns portfolio of 60 properties (32 STRs)Sacramento, Memphis and Oklahoma CityWhat Tim wishes he had done from the startRegular, face-to-face communication w/ teamSend negative reviews to cleaning staffFocus on other channels (not just Airbnb)What a mentor could have helped Tim with early onExplore markets beyond where he livedConnect with brokers for off-market dealsTim’s advice on getting financing for real estateDon’t be intimidated by rejectionAsk for referral from broker or agentTry small local bank or credit unionThe benefits of owning STR studio apartmentsBest returns, fewer expensesFewer problems w/ guestsCosts less to renovateThe driving factors behind Tim’s successMotivationConsistencyEducationTim’s advice to aspiring STR investorsDon’t try to time market (invest for cashflow)Better to buy and wait than wait to buyConnect with TimMidtown StaysResourcesSTR LegendsGet Paid for Your Pad: How to Maximize Profit from Your Airbnb Listing by Jasper Ribbers and Huzefa KapadiaThe Slight Edge: Turning Simple Disciplines into Massive Success and Happiness by Jeff OlsonEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

In July 2019, Theron Lewis was in the process of scaling a short-term rental business when he read about a proposed ban on Airbnb in the city of Detroit. And his business life flashed before his eyes. Theron had no prior advocacy experience, but he knew he had to do something.Theron is the Founder of Sharing Detroit, a group of residents, small business owners and community leaders who support the fair regulation of short-term rentals in the State of Michigan. He is also the Founder and President of Capitol Rental Management, a full-service STR property management company with a portfolio of 18 properties in Detroit, Michigan, and Chicago, Illinois.On this episode of Get Paid for Your Pad, Theron joins me to share his story of STR advocacy, beginning with the rocky first steps (and missteps) he took to fight the proposed ban in Detroit. He explains how to go about engaging members of City Council and why you should start building relationships with these local leaders NOW—rather than waiting until regulations are on the table. Listen in for Theron’s insight on demonstrating how STR rules will impact marginalized communities and learn how building an advocacy group can benefit your business beyond preventing a ban on Airbnb!Topics CoveredWhat inspired Theron’s work around STR advocacyScaling Airbnb business in Detroit (8 properties)Read about proposed ordinance to ban AirbnbThe first steps Theron took to start an advocacy campaignFind out who to talk to, who spearheaded banStart talking to local hostsResearch on affordable housing, property valuesBuild team of volunteersTheron’s best advice on STR advocacy in your communityDon’t view city government as ‘bad guys’Build relationships with local leaders NOWShow impact of rules on marginalized communitiesDon’t be deterred by negativityBring hosts in to tell their storiesWhat you need to know about City Council meetingsAgenda of topics to cover available to publicPublic gets time to speak (1 to 3 minutes)How Airbnb helped with Theron’s fight against the banPresence at weekly meetings for credibilityProvide framework, help keep group informedThe turning point in Theron’s STR advocacy campaignFacebook ads to let people know about ordinanceEmail campaign to build 1,000-member communityPresence of 100 hosts at City Council meetingThe right way to engage City Council membersInvite consultant to advocacy meetingsHire consultant to get in room with politiciansWhat happened at the Detroit City Council voteOrdinance thrown out completelyCity Council shift to pro-Airbnb sentimentThe benefits of STR advocacy beyond preventing a banAlternative form of marketing for businessGet ahead of issues related to COVIDConnect with TheronSharing DetroitCapitol Rental ManagementTheron on LinkedInEmail [email protected] [email protected] LegendsDetroit’s 2019 Proposed STR RegulationsGoFundMeEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

Short-term rental hosts know that ranking on the first page of Google results is crucial in driving traffic to a direct booking site. So, what can we do to make sure our page is one of the first few results potential guests see? How can we use search engine optimization, otherwise known as SEO, to get more site visitors and more direct bookings?Vincent Breslin is the Founder of Uplisting, a self-service property management system for vacation rental owners and operators. Uplisting provides a simple way for STR hosts to manage operations across multiple OTAs, and the platform also allows users to launch their own channel with a one-click direct booking website. Vincent is an engineer by training and serial entrepreneur with an expertise in search engine optimization, and he serves on the Tech Council for our STR Legends Mastermind.On this episode of Get Paid for Your Pad, Vincent joins me to explain how SEO can help STR hosts drive direct bookings and share his best strategies for ranking on the first page of search results. He discusses the two categories of keywords for vacation rental searches, walking us through a simple process for choosing the best keywords to use in our content. Listen in for Vincent’s insight on improving your search ranking through engagement and learn how Uplisting can help you create an easy-to-use direct booking site for your STR business.Topics CoveredThe value of search engine optimization (SEO)Show up as result in relevant keyword searchesMore traffic to site = more direct bookingsThe two categories of keywords you need to knowPlanning category keywords for blog contentHigh booking intent keywords for listing pagesHow to choose the best keywords to use in your contentGenerate list with Google autocomplete/similar searchUse Google Keyword Planner to determine popularityTarget high search volume, low competition keywordsVincent’s top tips for getting started with SEOCreate highly relevant content with NARROW focusEngagement impacts ranking (best resource available)What Uplisting can do for STR business ownersChannel manager, dynamically synced with OTAsCreate direct booking site with one clickVincent’s advice on targeting planning keyword contentDevelop blog with WordPress or WebflowLink to Uplisting’s direct booking siteConnect with VincentUplisting [Discount Code GPFYP]Vincent on LinkedInResourcesSTR LegendsThe Traveling DutchmanGoogle Keyword PlannerVincent’s Blog on Booking.comWordPressWebflowYoastEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

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Cleaners are an integral part of any short-term rental (STR) business, and their role has become even more vital in the season of COVID-19. So, how do you find and train good cleaners? And how do you manage a growing team of cleaners as your vacation rental business scales?Gosia Cooke is the founder of Coastal Properties Vacation Rentals, the #1 STR management company in Myrtle Beach, South Carolina. Gosia started hosting her own properties on Airbnb in 2015. Soon, property owners were asking her to manage their vacation rentals, and today, she has grown the business to a portfolio of 70-plus properties. Gosia has a particular expertise in managing cleaners, having developed a system for training a growing staff and eventually selling that part of the business to her cleaning manager.On this episode of Get Paid for Your Pad, Gosia joins me to share her advice for finding good vacation rental cleaners and training them to meet extremely high standards. She weighs in on how to manage a growing cleaning staff, describing what she did to standardize the units and schedule both cleaners and inspectors for each property. Listen in for insight on how the Myrtle Beach market has fared through the pandemic and learn how Gosia empowered her cleaning manager to found her own company—and take responsibility for that aspect of the business as Coastal Properties scales.Topics CoveredGosia’s advice on finding good vacation rental cleaners·       Check with network first·       Know standards, don’t settle for anything lessHow Gosia thinks about training a cleaning staff·       Be patient and give time to improve·       Clearly explain expectations (must look brand new)·       Inspection checklist for inspectors + cleaners·       Include staging for next group of guestsGosia’s insight on how to manage your cleaning staff·       Standardize units (e.g.: bedspreads, throw pillows)·       Don’t assign one cleaner to certain units·       Send unit numbers and order night before·       Hire inspectors to check their workWhat inspired Gosia to sell the cleaning business·       Couldn’t run and scale management company·       Trusted cleaning manager to take responsibility·       Free up time to focus on growing businessHow Myrtle Beach has performed through COVID·       Lockdown through end of April·       Busy through summer (drive-to destination)·       Quiet now but picking up with snowbirds Connect with GosiaCoastal Properties Vacation RentalsGosia on AirbnbResourcesSTR Profit AcademyEastbound & DownIndeedCraigslistYour Porter [Discount Code PAD]Erinç Arık on GPFYP EP356Email [email protected] SponsorHostfully Hosted on Acast. See acast.com/privacy for more information.

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The pandemic has limited our ability to engage in social interaction. Sporting events and concerts have been cancelled, nightclubs are closed and even restaurants are restricted to a limited capacity. And young people have turned to short-term rentals (STRs) as a party venue where they can meet up with friends and make bad decisions. So, what can you do as a host to avoid these pandemic partiers?Michael Goldin is the Director of Business Development at NoiseAware, a noise protection service for vacation rentals. Functioning like a smoke detector for noise, the NoiseAware device notifies hosts when the noise level at a property exceeds their quiet hours setting—without violating the guest’s privacy. Prior to joining the team at NoiseAware, Michael led the business development team at Rented.com.On this episode of Get Paid for Your Pad, Michael joins me to explain why parties have become such an issue for STR hosts in the last few months and why Airbnb’s measures to prevent parties haven’t been effective. He shares his top strategies for preventing partiers from booking your STR and discusses how to keep a party from taking place in your property during a guest’s stay. Listen in for Michael’s insight on how to approach the guest when you receive a notification from NoiseAware and learn your options for handling the situation (and keeping yourself safe) when there’s a party in progress at your Airbnb.Topics CoveredWhy parties have become an issue for STR hosts in the last few monthsUsual outlets for social interaction restricted due to COVIDYoung people home from college, less worried about virusMultiplier effect of news coverage of Airbnb house partiesWhy Airbnb’s measures to prevent parties haven’t been effectivePartiers pay friends to book through their listing accountRent multiple houses in case party shut down at oneHow to prevent partiers from booking your STRMention NoiseAware device, provide photo in listingUse Autohost or Guardhog to catch bad actorsAsk screening questions re: purpose of stay, etc.Say you’ll meet guest at property or live nearbyBan one-night stays (reduce party risk by 1/3)How to prevent parties in your STR during a guest’s stayUse NoiseAware to monitor noise insideView number of people in and out with Ring doorbellNoiseAware’s stats on the frequency of excessive noise in STRs1/20 stays = noise event that will disturb neighbors1/200 stays = full-blown partyWhat to do when you get a NoiseAware notificationFriendly text to remind guest of rulesStern follow-up text if noise persistsWhat you can do if a party is taking place in your Airbnb listingGo to property yourself (can be dangerous)Call policeTake photos from safe distanceShare security company with other hostsConnect with MichaelNoiseAwareResourcesAutohostGuardhogRingSTR LegendsRent ResponsiblyAirbnb Resolution CenterGet Paid for Your Pad on YouTubeEmail [email protected] or [email protected] Hosted on Acast. See acast.com/privacy for more information.

We know it’s beneficial to have a direct booking website for our short-term rental (STR) business. But having a webpage doesn’t do us much good if no one visits. So, how do you drive traffic to your site and make it easy for guests to book?Erinç Arık is the Cofounder and CEO of Your Porter, the premiere mobile-first property management software for professional STR hosts. The platform’s top features include message automation, team management and an Airbnb ranking booster, and the app even allows hosts to create their own SEO-optimized direct booking website in a matter of minutes.On this episode of Get Paid for Your Pad, Erinç joins me to discuss why it’s important to have a direct booking website, explaining why it gives you a better chance at capturing longer bookings and how Your Porter can help you build one today. He introduces us to the platform’s online payment processor, describing how it benefits both you and your guests. Listen in to understand what Your Porter is doing to keep your STR business safe and get Erinç’s best strategies for driving traffic to your direct booking site!Topics CoveredWhy it’s important to have a direct booking websiteMake own rules for business vs. rely on OTAsBetter chance at capturing longer bookingsThe benefits of the Your Porter online payment processorAllows guests to pay in installmentsHost gets paid right away vs. day after check-inHow long it takes to build a direct booking site with Your PorterTakes 2 to 3 minutes, can be done on phoneSite goes live in 5 to 10 minutesHow to drive traffic to your direct booking websiteMarket to past guests (discount code for direct booking)Make sure site is SEO-friendly, appears in Google searchInvest in Google Ads for exact listing keywordsHow Your Porter keeps your business safeChargeback protection featureAutomated security depositSome of the other top features you get with Your PorterAutomated messagingChannel managerAirbnb ranking boosterIncome reports (share with homeowners)Cleaning task managerSmart pricing integrationConnect with ErinçYour Porter App [Discount Code PAD]ResourcesErinç on GPFYP EP221Google AdsStripeYour Porter’s Airbnb Rank TrackerGet Paid for Your Pad on YouTubeEmail [email protected] or [email protected] Hosted on Acast. See acast.com/privacy for more information.

Airlines and hotel chains employ entire teams to determine what their pricing and booking settings should be to maximize revenue. But most short-term rental (STR) hosts don’t have access to the same kind of data, nor do we have the resources to hire world-class data scientists. So, what can we do make more from the properties we manage?Cofounders Andrew McConnel and Cliff Johnson are the CEO and CCO of Rented, the premier provider of full-service revenue management for professional vacation rental managers, best serving Airbnb hosts with a portfolio of 10 to 1,000 listings. The Rented team is also in the process of launching the first-of-its-kind revenue management software, sharing the technology they use as a standalone product for STR businesses that want to keep their revenue management discipline in-house.On this episode of Get Paid for Your Pad, Cliff and Andrew join me to discuss what differentiates revenue management strategy from pricing strategy, explaining why vacation rentals are more difficult to price than other commodities. They weigh in on how to set fees for your STR, offering insight on why they don’t recommend charging for extra guests and what you might do as an alternative. Listen in for Andrew and Cliff’s view on pricing with a dynamic algorithm versus a host who knows the market and learn how to maximize your STR revenue—with a little help from the team at Rented!Topics CoveredWhat differentiates revenue management strategy from pricingTakes ancillary factors into account (e.g.: # of reviews)Price = number, revenue management = disciplineHow Andrew and Cliff think about setting cleaning feesConsider demand for property and ownership structureInclude incremental costs but don’t try to recover fixed costsWhat hosts should think about as they set STR feesAre you making money?Is the homeowner earning enough to stay?Will the guest feel nickel and dimed?Why Cliff and Andrew don’t recommend charging for extra guestsCreates incentive for guests to liePotential benefit in terms of revenue sharing, email listWhat Andrew and Cliff suggest as an alternative to extra guest feesList smaller version of property (i.e.: 2BR option within 6BR)Make available in off-season or for midweek staysPricing with a dynamic algorithm vs. a host who knows the marketDepends on quality of data, competence of personCombine good data with revenue analyst for best resultsWhat listings are most difficult to automate pricingUnique properties in small markets (i.e.: Spanish castle)Algorithm shows seasonality but needs manual interventionConnect with Andrew & CliffRentedResourcesVacasaXplorieStayFiChess Champion Gary Kasparov vs. Deep BlueEscapiaSTR LegendsGet Paid for Your Pad: How to Maximize Profit from Your Airbnb Listing by Jasper Ribbers and Huzefa KapadiaGet Paid for Your Pad on YouTubeEmail [email protected] or [email protected] Hosted on Acast. See acast.com/privacy for more information.

In the same way that ‘smooth seas don’t make great sailors,’ a strong economy doesn’t produce great entrepreneurs. And for short-term rental (STR) business owners using the master lease model, the last six months have been a worst-case scenario of rough waters. So, how did Travers Xanthos manage to make it through the storm—and even add boats to his fleet?Travers is the Founder at COMÓ, a STR company out of Nashville, Tennessee, that caters to the modern business traveler. He spent several years working in corporate sales before starting his STR business in February of 2018, and today, he has a portfolio of 30 properties. Travers is an expert in the rental arbitrage model, and he was able to pivot and not just keep his business alive but add units in the pandemic.On this episode of Get Paid for Your Pad, Travers joins me to explain how he created a successful STR business in Nashville and what he did to keep it going through COVID-19. He discusses how he learned the master lease model and shares the strategies he used to expand his portfolio in the midst of a global pandemic. Listen in for Travers’ insight on building a team to run your business (while you travel the world) and get his advice on making your STR hosting dreams a reality.Topics CoveredWhat the last six months have been like for TraversRevenue dropped 95% in one weekLearned much that will serve for rest of lifeHow Travers was able to add units during the pandemicStarted initiative to house medical professionalsFocused on extended stays (up to 6 months)Distributed flyers at construction job sitesHow Travers got into the STR master lease businessWanted to travel, live life on own termsTalked to friend with successful STR businessStarted calling list of rental property ownersCreated plan to leave 9-to-5 job in 6 monthsTravers’ advice for aspiring STR business ownersTake actionGet educated (course, mentorship)Outsource as quickly as possibleThe structure of Travers’ teamOnly one W-2 employee (property manager)Team of independent contractor cleanersTravers’ lifestyle of frequent travelLived in Bali but couldn’t grow businessHome base in Nashville, trips all over worldConnect with TraversCOMÓTravers on InstagramResourcesSTR LegendsGet Paid for Your Pad: How to Maximize Profit from Your Airbnb Listing by Jasper Ribbers and Huzefa KapadiaFacebook MarketplaceThe FounderBarbara Corcoran on BiggerPocketsSTR Profit AcademySTR MethodSmartbnbGet Paid for Your Pad on YouTubeEmail [email protected] or [email protected] Hosted on Acast. See acast.com/privacy for more information.

For short-term rental hosts in urban markets, the last few months have not been easy. So, how do you stay sane in such a stressful time? Mack Owen credits the network he has built through the STR Legends community (and a willingness to pivot) for his ongoing success in the vacation rental business.Mack is the Founder and CEO of Day One Stays, an Airbnb management and luxury corporate housing company out of Seattle, Washington, that offers furnished apartments for 30-day stays. Mack got his start in 2013, and since then, he has developed an expertise in the master leasing model and scaled up to a portfolio of 100 units. In response to the pandemic, Mack is developing a real estate investing and property management company in a nearby secondary market.On this episode of Get Paid for Your Pad, Mack joins me to explain how he built a STR empire in Seattle, describing what he did to pivot when the city introduced regulations and how he might do things differently if he could start over again. He reflects on how the STR Legends community helped him get through the Coronavirus crisis, sharing how the friendships he established at live events have proven invaluable in the last few months. Listen in to understand why now might be a good time for the master lease model and learn about the new business Mack is building in response to current circumstances!Topics CoveredHow Mack built a STR empire in SeattleGot start in 2013 using master leasing modelScaled to 100 units before regulations introducedPivot to 30-day stays, downsize to 30 units in COVIDWhat Mack would do differently if he could start overHire VA sooner to focus on maximizing revenueStructure deals differentlyManage cashflow better in seasonal marketRach out to network to learn about land useDon’t cut corners on safety or professionalismWhy now might be a good time for the master lease modelRents lower, many units availableNegotiating power shifted to renterHow Mack got through the stressful Coronavirus crisisDaily bike ride with daughterPhone calls with Legends communityStart new company in secondary marketMack’s experience at the STR Legends live eventsIncredible networking opportunityLearn about different models and get adviceSee deals in action (acquiring assets)Mack’s vision for his new STR management companyAcquire real estate in drive-to destinationManage units for other owners in marketConnect with MackDay One StaysMack on LinkedInMack on FacebookResourcesSTR LegendsRebecca Slivka on GPFYP EP352Noise AwareAutohostVRMAHicksville Trailer Palace on InstagramGet Paid for Your Pad on InstagramGet Paid for Your Pad on YouTubeEmail [email protected] or [email protected] Hosted on Acast. See acast.com/privacy for more information.

Are you starting to feel overwhelmed as your short-term rental (STR) business grows? Or maybe you’re just tired of doing EVERYTHING and wish you had a little more time to yourself? Either way, you may want to consider taking on a virtual assistant, or VA, to help. So, where do you go to find a qualified one? And what can you do to make sure your VA has all the information they need to do a good job?Rebecca Slivka is the STR Legend behind Pillow and Coffee, a fully-furnished vacation rental company out of Los Angeles, and Hicksville Trailer Palace, a unique vintage trailer motel in Joshua Tree, California. Rebeeca has five years of experience as a STR host, and in that time, she has created a team of VAs that she describes as ‘a lean, mean fighting machine.’On this episode of Get Paid for Your Pad, Rebecca joins me to share her detailed process for finding and training a virtual assistant to support your STR business. She introduces us to the benefits of outsourcing work to a VA, explaining how her remote team of 6 performs 95% of the tasks in her business! Listen in for Rebecca’s insight on creating training videos for your VAs and get her advice on building a strong team that will perform well and stay with your business for the long term.Topics CoveredHow much of the work VAs do in Rebecca’s businessLean team, 6 VAs do 95% of workAnything online or over phoneWhy a STR host would want to outsource work to a VAWant to grow business or more time for selfTransition from employee to business ownerRebecca’s process for finding and training a VAList out everything you do for companyCreate very clear job descriptionDetermine if good fit in interviewTrain in ‘bite-sized pieces’Retrain and check in regularlyRebecca’s advice for creating training videos for VAsMake video for anything you do more than onceDon’t worry about making it perfectConsider having VA create or recreate videosRebecca’s secrets for building a strong team of VAsTake responsibility if they don’t perform wellCreate step-by-step training and check workGet feedback re: how they would do thingsThe benefits of hiring VAs for your STR businessTime to work ON vs. IN businessBetter experience for you and guestsConnect with RebeccaPillow and CoffeeHicksville Trailer PalaceHicksville on InstagramResourcesSTR LegendsSTR Profit AcademyThe E Myth: Why Most Businesses Don’t Work and What to Do About It by Michael E. GerberLoomVirtual Staff FinderUpworkTaskRabbitOnline Jobs|phEmail [email protected] or [email protected] Hosted on Acast. See acast.com/privacy for more information.

Top three learning lessons from 350 podcast episodes.We’re not selling a space, we’re selling an experience The size, #rooms and location don’t drive the price as much as with LTRs and real estate prices Two completely similar units can make very different amounts of money Google “most popular Airbnbs,” they are all unique experiences. Before you start an Airbnb, figure out what the experience is that you’re going to provide and the avatar that you’re going to targetA traveler who stays 3 nights just wants to have a stressfree, comfortable experience. Communication, amenities, and providing the right information. 2. It’s a lot of work, but you can take yourself out of the business for 95% There is so much you can automate (Messaging, pricing, task management, self-checkins etc.) Go to https://getpaidforyourpad.com/airbnb-tools/ to find the best ones. The power of a VA (one of our Legends Rebecca runs 100+ units and only spends a few hours a week working in her business 3. You can drive a lot of bookings through your own marketing channelsCollecting emailsSocial media Direct booking website It’s a long-term investment, but you’re building an asset No dependence on Airbnb and other platforms  Must Listen episodesCombination of Most Downloads & my personal favoritesEp263: How to use Social Media to Market your AirbnbEp260: How to Rank Higher and Drive More BookingsEp024: With Chip Conley Ep034: How an Airbnb experience can create a bond between peopleEp047: How Airbnb empowered this host to keep his home from being foreclosed Go to Get Paid For Your Pad, click on podcast, you’ll find the show notes with links to all these episodes.  Hosted on Acast. See acast.com/privacy for more information.

If your Airbnb listing is a treehouse or a castle, the property itself creates a unique guest experience. But what if your space is a typical, two-bedroom condo? How do you curate a personalized experience that exceeds each of your guest’s expectations?Colin Holowaychuk is the Founder of Vamonosco, a done-for-you solution that generates new bookings and increases revenue for short-term rental (STR) managers. He also hosts his own portfolio of 200-plus Airbnb listings in Tulum, Mexico, and serves as an active participant in our STR Legends Mastermind. With 15 years of experience as a FinTech, marketing and eCommerce entrepreneur, Colin has developed an expertise in helping businesses accelerate their growth.On this episode of Get Paid for Your Pad, Colin joins me to share his process for collecting the information he needs to personalize the guest experience before, during and after their stay. He explains how he uses the guest’s priorities and preferences to curate a custom itinerary and what he does when a guest is hesitant to share their information. Listen in for Colin’s insight on leveraging dynamic content to give yourself a competitive advantage and learn what technology you need to set up an individualized email marketing campaign for each guest!Topics CoveredColin’s process for getting the info he needs to personalize the guest experienceAsk group to register ALL guests who will be stayingEmail survey re: purpose, priorities and preferencesHow Colin thinks about the potential for violating Airbnb’s terms of serviceHosts may ask questions, just need legitimate reason for doing soBe up front with guests re: purpose and make answering optionalHow Colin uses the survey information to curate a unique guest experienceWelcome email highlights local attractions + activities relevant to guestShare additional offerings based on preferences (e.g.: grocery delivery)How Colin follows up with his guests after their stayRemind about experience to spark emotional responseInvitation to return also catered to guest’s interestsWhat technology a host needs to set up this kind of email marketing campaignTypeform survey platformZapier to connect softwareAny email marketing service (i.e.: ActiveCampaign, Mailchimp, etc.)Colin’s insight on leveraging dynamic content to do custom email marketingTakes time up front to configure autoresponderSends automated, personalized emails from then onConnect with ColinColin on AirbnbVamonoscoResourcesSTR LegendsSTR Profit AcademyTypeformZapierActiveCampaignMailchimpInfusionsoftDomio‘Airbnb Suspends Domio’s Host Accounts and Listings for Allegedly Violating Its Standards’ in SkiftKelly Kampen on GPFYP EP006Kelly Kampen on GPFYP EP055Get Paid for Your Pad on YouTubeEmail [email protected] or [email protected] Hosted on Acast. See acast.com/privacy for more information.

Travel has changed in the season of COVID-19. Short-term rental (STR) guests are looking for a ‘home instead of home’ that they can drive to. Most are looking to escape the city and enjoy nature. And many plan to stay for an extended period and work from the property. So, how can we capitalize on this new guest persona and market specifically to the work-from-home traveler?Eric Moeller is my partner in crime at STR Profit Academy, a educational platform for vacation rental hosts, and the STR Legends Mastermind, a community of the leaders, visionaries and innovators in the STR industry. He is also the founder and host of the Airbnb Mastery Summit, an exclusive virtual event featuring premiere STR hosts and real estate experts from around the world.On this episode of Get Paid for Your Pad, Eric joins me to explain what he is looking for in a STR as a work-from-home traveler and share what he learned from looking through 100+ listings on Airbnb. He walks us through his process for finding world-class properties for business travel, challenging hosts to do regular internet speed tests and offer discounts for extended stays. Listen in for Eric’s insight on upgrading your STR to a proper coworking space and learn how to market your listing to attract the work-from-home traveler.Topics CoveredWhat Eric learned from looking at 100+ Airbnb listingsDecision-making different for work-from-home travelerLack of marketing to attract this new personaThe elements of a listing most important to work-from-home travelersStrong internet (25 Mbps minimum)Space set up for coworkingWhat STR hosts can do to market to the work-from-home travelerAdd screen shot of internet speed test to photosGet approved as workplace on AirbnbAdvertise parking space or explain where to parkOffer discounts for extended staysBe hands-on to address guest’s individual needsHow to leave clues in your Airbnb listing re: how to contact directlyCopy and paste guest review that mentions brand namePromote social media, e.g.: check us out on InstagramEric’s process for finding world-class properties for business travelSearch filters for Wi-Fi, 2BR and traveling for workNarrow down with parameters for location and priceImagine working from property through photosHow to turn your Airbnb listing into a proper coworking spaceProvide smartphone and computer chargersConsider adding printer to workstationConnect with EricAirbnb Mastery SummitSTR Profit AcademySTR LegendsSTR Legends on InstagramEric on InstagramResourcesVacasa Vacation RentalsThe Hideaway on AirbnbSpeedtestPhillipe Thibodeau on GPFYP EP344Get Paid for Your Pad on YouTubeEmail [email protected] or [email protected] Hosted on Acast. See acast.com/privacy for more information.

Did COVID-19 put a halt to your short-term rental (STR) business? If so, you may need to restructure your Airbnb portfolio and pivot to a new business model. A business model that will stand the test of time.Ryan Anderson is the Founder and CEO at Sojourn, an upscale STR venture that had grown to 200 active units in the US, Puerto Rico, Mexico and Colombia—until the Coronavirus pandemic devastated his business. A serial entrepreneur with a background in finance, Ryan has founded companies in the technology, craft beer and hospitality space, and today, he is downsizing his portfolio and developing a new approach to the STR business.On this episode of Get Paid for Your Pad, Ryan joins me explain why he is shifting away from the master lease Airbnb model and pivoting to an owner-operator paradigm. He shares the most important lessons he has learned through the Coronavirus crisis, describing how he plans to grow slower and wiser in the future. Listen in for Ryan’s insight on building a brand that reflects who you are as a person and get ideas for developing a STR business model that is sustainable for the long term.Topics CoveredAn overview of Ryan’s business pre-COVIDMaster lease Airbnb model in urban markets200 active units across four countriesWhat Ryan’s STR business looks like nowGave back nearly all master lease unitsLooking to invest in multifamily properties (flexible living model)Test market for camper van rentalsRyan’s predictions around the future of the master lease modelSupply has gone away in reaction to COVID shutdownThose who hang onto supply will see big returns againThe most important lessons Ryan has learned from the crisisMust own asset to acquire wealth over timeStay disciplined and focus on fundamentalsWhy Ryan had expanded to so many different marketsConcerned about regulations in USAcquired HostTonight (already operating south of border)What Ryan would do differently if he could go backGrow slower and wiser (can’t blitzscale hospitality)Enjoy journey, not so hyper-focused on destinationThe challenge of negotiating with landlords in a global pandemicDifficult to convince that business would grind to haltTense circumstances, not easy to persuade via ZoomRyan’s best advice for aspiring STR entrepreneursBuild brand that reflects who you are, what you enjoyMoney can’t be only motivator in tough timesConnect with RyanRyan on LinkedInResourcesSonderOutdoorsyOutdoorsy on GPFYP EP266Stay AlfredLyricDomioHostTonightSTR LegendsSTR Profit AcademyWanderJauntEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

Do you know exactly what items are in each of your Airbnb listings? Do you know where the breaker box is located? Or the make and model of the washing machine? The more detailed information you have, the easier it is for you (or your team) to help a guest when they call with questions. But what’s the best way to manage inventory in your STR units?Darik Eaton is the Founder and CEO of Seattle Oasis Vacation Rentals, a short-term rental management company out of Seattle, Washington. Darik got his start as a host in 2008, and he was one of the first to list on Airbnb when the platform expanded to the Seattle market in 2010. He currently operates 40 properties in downtown Seattle and manages his team remotely from his home in Kauai.On this episode of Get Paid for Your Pad, Darik joins me to share the process he uses to manage inventory in his STR units. He explains how his detailed system of documentation makes it easier for his team to provide customer support and improves the guest experience. Listen in for Darik’s insight on standardizing your Wi-Fi network names and passwords and learn how to build your own process for taking inventory of your STR listings!Topics CoveredHow Darik got into AirbnbBought ‘city pad’ in downtown Seattle 13 years agoSTR to cover cost, booked 315 nights in first yearSuccess led to property owners asking to manageHow Airbnb has changed since 2010Guests no longer expect to meet host in personCTO responded to Darik’s first help ticketThe process Darik uses to document inventory in his unitsTake pictures of every item as onboard propertyRecord serial numbers of every appliance, electronicsInventory batteries and light bulbs (when last changed)Location of breaker box, water shutoff valveStore info on cloud drive for team to accessWhy Darik requires his owners to use his design teamStandardized dishware, bedding and towelsEasy to replace items as needed (at scale)What inspired Darik’s detailed inventory systemCommon questions from guests (e.g.: operating TV)Team access to info improves customer experienceThe benefits of keeping a detailed inventory of your STRProvide top quality customer supportEasy to report stolen or damaged itemsInsurance payout in case of natural disasterRepair appliances more quicklyWhy Darik standardizes his Wi-Fi network names + passwordsLess confusing for guests, improves experienceBranding opportunity (advertise to others in building)Connect with DarikSeattle Oasis Vacation RentalsResourcesSTR LegendsBox Cloud StorageAirbnb Resolution CenterHow to Change Your Wi-Fi Network’s Name and PasswordGet Paid for Your Pad on YouTubeEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

Why are you in the short-term rental (STR) business? A lot of us start with a goal to replace our income and eventually quit our 9-to-5. But do you want to create a new job for yourself as a 24/7 Airbnb host? Or do you want to have the freedom to travel and do other things? In that case, it’s crucial that you learn how to work ON instead of IN your STR business.Julie George is the Airbnb consultant and business mentor behind Million Dollar Host, a platform designed to help STR hosts scale a property management business. Prior to Million Dollar Host, Julie founded Host My Home, an Airbnb property management company out of Cairns, Australia. She grew the business from 0 to 130 properties in three years and earned $8M on Airbnb before selling the portfolio in 2019. Julie is also the author of Million Dollar Host: Julie’s Airbnb Portfolio Earned Over a Million Dollars in Her First Year … Yours Can Too!On this episode of Get Paid for Your Pad, Julie joins me to share her tips for working ON rather than IN your STR business. She explains the benefit of partnering with others rather than hiring employees and offers advice on how to document your processes in a playbook and then properly train and empower new team members. Listen in for Julie’s insight on developing a game plan for the future of your business and learn how to build a STR company that runs itself!Topics CoveredJulie’s background in the STR businessGrew Host My Home portfolio to 130 unitsEarned $8M on Airbnb before selling in 2019Julie’s tips for working ON rather than IN your businessDetermine what you’re going into business forRecognize strengths and outsource weaknessesEmpower staff + contractors to do job FOR youThe benefit of partnering vs. hiring employeesSense of ownership leads to pride in workSelf-motivated and invested in successJulie’s insight on how to train new staff membersDocument processes, communicate through playbookShadow you or trusted team member for weekRun through induction to see how business worksCheck in regularly with biweekly meetingsWhy it’s crucial to document your STR processesForces to consider best way to do thingsTeam can step up when you’re awayPrepared when want to sell businessJulie’s experience with joining STR LegendsBlown away by inspiring stories, culture of sharingOpportunities to partner on deals and projectsWhy hosts should think about their valuesCulture more important than strategyDefining values attracts ‘right people’Julie’s advice on finding a communityNo point in being smartest person in roomSurround self with people who enhance lifeConnect with JulieMillion Dollar HostJulie on FacebookJulie on LinkedInJulie on InstagramResourcesJulie on Get Paid for Your Pad EP300Million Dollar Host: Julie’s Airbnb Portfolio Earned Over a Million Dollars in Her First Year … Yours Can Too! by Julie GeorgeSTR LegendsSTR Profit AcademyHost My HomeGoogle DocsDropboxAsanaThis is Marketing: You Can’t Be Seen Until You Learn to See by Seth GodinGet Paid for Your Pad: How to Maximize Profit from Your Airbnb Listing by Jasper Ribbers and Huzefa KapadiaGet Paid for Your Pad on YouTubeEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

So, you want to scale a short-term rental (STR) property management company. But how do you find new clients? And how do you manage tens or even hundreds of units? Airbnb host Prak Sangthong grew from 0 to 100 listings in a single year, and he didn’t spend any money on marketing. How did he do it?Prak is the Cofounder and Managing Director at Easy Home Rentals, an Airbnb property management company based in Perth, Australia. Frustrated with long-term renters who damaged their investment properties and drained their profits, Prak and his wife decided to list a few units on Airbnb. And within a year, Prak was managing a STR portfolio of 100 units for property owners in Western Australia.On this episode of Get Paid for Your Pad, Prak joins me to explain how he went from 0 to 100 units in just 12 months—without formally marketing his property management business! He describes how setting up systems helped him scale so quickly and what he does to train his cleaning staff and reward them for good work. Listen in for Prak’s insight on negotiating discounts in COVID season and learn how YOU can be the best STR host in your market—and charge accordingly.Topics CoveredHow Prak got into AirbnbFrustrated with long-term renters in investment propertiesListed 3 units on Airbnb (went from $400/week to $1K/week)Share success with other property owners to add clientsHow Prak grew to 100 units without marketingDrop property management fees by 1% for each referralOffer 28-day notice to walk away if anyone not happyPrak’s top advice for aspiring STR hostsBe willing to be on standby 24/7Develop passion for delivering excellent productBelieve in yourself and be BEST in townWhat allowed Prak to scale so quicklyPut systems and processes in placeSeek out best and do it betterPrak’s approach to documenting processesCreate templates for every possible guest questionProperty checklist with links to instructions for usePrak’s suggestions for negotiating discountsOffer bottle of wine or 6-pack of beer as alternativeDon’t take personally (expect from everyone)How Prak trains his cleaning staffTeach how property should look, feel and smellDo 2 or 3 cleans with existing staff firstProvide checklist with clear expectationsWhy Prak’s cleaners are invested in doing wellReward for good work with cash, gift cardsShare Airbnb reviewsPrak’s words of wisdom for STR hostsWake up each day with gratitudeFind lesson in challenging timesConnect with PrakEasy Home RentalsPrak on LinkedInResourcesSTR LegendsEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

When you have a question about your short-term rental (STR) business, where do you go? Do you run a Google search and then spend several hours sifting through the information? What if you had a community of experienced Airbnb hosts you could go to for knowledge, inspiration and support?Phillipe Thibodeau is the real estate developer and STR host behind Strawberry Stays, a vacation rental and property management company out of Montreal, Canada. His experience as a host began with a single unit in May of 2017, and now he and his business partner are growing their portfolio quickly—with plans to secure a total of 80 listings in the next 12 months!On this episode of Get Paid for Your Pad, Phillipe joins me to discuss the pros and cons of self-learning versus being part of a community. He explains how COVID-19 gave him the opportunity to work ON his business and what you can do to develop a playbook for your own Airbnb. Listen in for Phillipe’s insight on the three things you need to know before you start a STR business and learn how YOU can get inspired by an engaged community of Airbnb hosts!Topics CoveredHow Phillipe got into hosting on AirbnbStruggling to rent unit of building owned w/ best friendDecided to try STR, earned double normal income on unitOpened eyes to new market in real estate businessHow Phillipe was affected by COVID-19One guest for 30 days vs. 30 guests per monthOpportunity to work ON business (build systems)How to develop a playbook for your STR businessWear ALL hats early on (e.g.: cleaning, maintenance)Optimize and document processes for every roleThe three things you need to know before you start hostingLook for community to learn fromBusiness doesn’t run itself (work ON AND IN to start)Only move forward if you’re passionate about STRThe benefits of being part of a community of hostsKnowledge and informationInspirationAccountabilityMotivation in moments of doubtAccelerate growthPhillipe’s goals for the next 12 to 24 monthsGrow business to qualify for STR LegendsBuild boutique hotel on land purchasedConnect with PhillipeStrawberry StaysPhillipe on LinkedInPhillipe on AirbnbResourcesZapierChip ConleyMaslow’s Hierarchy of NeedsSTR LegendsSTR Profit AcademyGet Paid for Your Pad on FacebookEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

Are you struggling to move out of fear and into action? Yes, the short-term rental (STR) industry took a hit in March when the Coronavirus forced most of us to shelter in place. But now, many Airbnb hosts are taking steps to generate bookings and some are even thriving through the pandemic. So, how do you get motivated to turn off Netflix and say YES to building your STR business?Gordon Martin is the CEO of People, Places & Things, a vacation rental and experiential tourism business based in Paradise, Newfoundland and Labrador, Canada. Gordon began his hosting career in August of 2017, listing his family cabin on Airbnb. Today, he represents 15 owners and 37 listings, aiming to ground his guests in PLACE, connect them with local PEOPLE, and provide the opportunity to do THINGS that will create lasting memories.On this episode of Get Paid for Your Pad, Gordon joins me to explain how he is thriving through the pandemic, serving his owner-clients, staff and guests. He describes the shell shock he felt when the crisis started and walks us through the steps he took to turn his STR business around—and even pick up several new properties! Listen in for Gordon’s insight around the importance of community in challenging times and learn how to get un-stuck and take action in YOUR vacation rental business.Topics CoveredHow Gordon got into AirbnbNeeded immediate cash in Fall of 2017Immediate bookings from listing cabinNow represent 15 owners, 37 listingsGordon’s initial reaction to the Coronavirus crisisFear, uncertainty and dreadTwo weeks watching Netflix and CNNHow Gordon turned his STR business aroundHire back VAs (operations + social media)Shift focus to staycations, rename listingsPositive press in traditional mediaHow Gordon picked up new properties in a pandemicReferrals from current owner-clientsShare success on social mediaHow Gordon transitioned out of stuck-ness into actionTake responsibility for situationChange environmentWhat Gordon learned through the COVID-19 crisisImportance of communityStay close to credible sources of infoLearn as much as possibleAccept situation and then respondGordon’s advice for STR hosts who feel stuckShare challenges with communityRemember your WHYConnect with GordonPeople, Places & ThingsPPT on FacebookPPT on InstagramPPT on LinkedInGordon on LinkedInGordon on AirbnbResourcesEric MoellerLandmark WorldwideTony RobbinsThe Daily Stoic: 366 Meditations on Wisdom, Perseverance, and the Art of Living by Ryan Holiday and Stephen HanselmanThe Obstacle is the Way: The Timeless Art of Turning Trials into Triumph by Ryan HolidayEgo is the Enemy by Ryan HolidayBooks by Ryan HolidayAllan Cuevas’ Airbnb Empire Academy on FacebookMark Simpson’s Boost Hospitality Marketing PodcastSTR LegendsSTR Profit AcademyGet Paid for Your Pad on FacebookEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

If you survived the last 3 months, you can survive anything. The pandemic hit short-term rental (STR) units hard and it hit property management companies even harder.So, how did major players handle the crisis? What advice do they have for anyone still trying to navigate rough waters?Syed Lateef is the CEO and founder of Hostly, a property management company based in Chicago. He left his full-time job as a financial analyst in 2018 to start his master lease business and build relationships with landlords in and around the city. By February 2020, Syed had 165 units and was looking to bring in $6 million in revenue in 2020.Today, Syed joins me to discuss how he and his team have handled the pandemic. Syed explains how he started his business and on-boarded units pre-COVID. He then pivots to his experience de-commissioning units after the crisis hit and how he negotiated his way out of contracts with landlords. Syed also reflects on how he and his company have weathered the pandemic and what his plans are moving forward. Listen in for Syed’s insight on identifying new business partners and growing the number of units you maintain.Topics CoveredSyed’s Airbnb storyBackground in financeBought multi-family property in 2017 (4 units plus basement unit)Slowly converted all units to STRsHow Syed founded HostlyLeft full-time job in 2018 to manage STR properties full-timeBuilt strong relationships with larger landlords and property management companiesSyed’s approach STR seasonality in ChicagoBell curve – Summer to October is when you make your moneyManage cash flow and reserves throughout year to pay for WinterSyed’s advice on approaching landlordsNo one responds to the first call/emailLeverage success with one landlord to bring another on boardHow Syed on-boards propertiesNegotiate up-front rent credits and waived security depositsFurnish apartments but use an intake processHire handy-men using an app like TaskRabbitSyed’s experience with COVIDCovid-19 was like hitting a brick wall – huge losses and no cash or bookingsRented units at super low prices and hit 80 percent occupancy in MarchMade a profit in May and planned to do the same in JuneHow Syed down-sized (decommissioned units)Stuck with 2 or 3 landlords that he had the best relationship with and the most unitsDe-commissioned about 60 units total – settled out of contractsTook furniture out and put in storage or in basements or garages of buildings he ownsSyed’s vision for the next yearTrying to survive month to month right nowWants to add more units if the demand is back2020 is mostly a lost causeHow Syed mentally handled the pandemicKnew it was out of his control and a once in a lifetime thingWas super transparent with business partners and teamLittle wins after biggest loss gave him motivationSyed’s advice for newcomersReputation and the right business partners will set you up for successChoose your partners wiselyConnect with SyedHostlyHostly on InstagramSyed on LinkedInResourcesBiggerPockets Real Estate PodcastSTR Profit AcademySTR Legends MastermindsTaskRabbit Hosted on Acast. See acast.com/privacy for more information.

Search Airbnb for listings in your area that are accessibility friendly. What did you find?Many markets have very few short-term rental (STR) units that accommodate travelers with limited mobility or other special needs. And those that do definitely stand out. So, how do you design an accessible Airbnb listing?Margie Schrader is the Superhost behind Zennia Hospitality, a STR management company out of Bloomington, Indiana, and an active member of our STR Profit Academy. Margie has maintained a remarkable 4.99 average over 188 reviews by stressing hospitality and cleanliness.Today, Margie joins me to discuss what she is doing to accommodate differently-abled travelers with an accessibility friendly Airbnb. She explains what inspired her to design a listing with wheelchair access and how she is challenging herself to make everyone with special needs feel comfortable in the space. Listen in for insight on the marketing benefits of an accessible STR and get Margie's advice on how to stand out in your market with an accessibility friendly listing.Topics CoveredMargie's Airbnb journeyLocal builder asked to manage STR (May 2018)Now hosting five units in Bloomington, INMargie's experience with COVIDProvide free stays for medical professionalsStep up cleaning procedures, day in betweenSlow return to normal (two units back up)What Margie's market is like right nowPre-COVID guests = parents of college studentsNow guests in town to see family, for getawayWhat inspired Margie to create an accessibility friendly AirbnbLocal builder gutting and renovating house nearbyNo one else in market with wheelchair accessibilityHow Margie is accommodating differently-abled travelersStep-free access, wide doorways + hallwaysRoll-in shower, accessible height toilet/bedFurniture contrasts with floor (low vision)The marketing benefits of an accessibility friendly AirbnbMedia opportunities as only accessible STR in marketGuests drawn to business that aligns with valuesMargie's advice for aspiring Airbnb hostsMake sure units are super-cleanBe yourself in interactions with guestsUnderpromise and overdeliverTry not to take reviews personallyConnect with MargieZennia HospitalityZennia Hospitality on InstagramMargie on AirbnbResourcesSTR Profit AcademyAirbnb’s COVID-19 Cleaning GuidelinesCDC Guidelines on Cleaning & DisinfectingAirbnb’s Accessibility SupportSocial Impact on GPFYP EP283Email [email protected] Hosted on Acast. See acast.com/privacy for more information.

Nobody’s perfect. But Martin Chilangles comes pretty close. If you check out his Airbnb listing, you’ll notice that he’s never received anything other than a five-star review. And he does NOT directly ask guests for the five-star rating. So, what is he doing to get the highest possible score—every single time?Martin is a marketing expert and STR host in Mexico City. Originally from the UK, Martin fell in love with Mexico City in college and returned for good in 2013. An Airbnb Superhost and active member of our STR Profit Academy, Martin has earned 100-plus reviews as a host—all of them five-star.Today, Martin joins me to share his secrets for getting nothing but five-star reviews, explaining what he does to connect with guests and exceed their expectations. He discusses the marketing principles he applies to his Airbnb, introducing us to his own detailed customer avatar and describing the benefits of knowing your target market. Listen in for insight on finding the unique selling point for your STR listing and learn how YOU can gain a competitive advantage and get great reviews on Airbnb!Topics CoveredWhat drew Martin to Mexico CityWarmth of peopleFood and weatherMartin’s secrets to getting nothing but five-star reviewsCreate personal connection with guestExceed expectations with gift basketAnticipate problems, respond to messages quicklyGive guest five-star review + invite to stay againHow Martin dealt with his most difficult guestResponded to blocked toilet personally (with cleaner, plumber)Brought family $100 in food from local deliMartin’s advice on marketing your AirbnbChoose niche + target market (e.g.: business travelers)Build out customer personaMartin’s Airbnb customer profile40-year-old New Yorker named DavidTakes international vacations oftenDoesn’t know Mexico City wellLoves discovering new placesLikes tacos and drinking tequilaThe idea of a unique selling point or USPGives host competitive advantageBetter than competing on costThe benefit of building out a customer avatarHelps host make decisionsPut client’s needs firstConnect with MartinMartin on AirbnbResourcesSTR LegendsSTR Profit AcademyCouchsurfingWhatsAppToastmastersAirReview Chrome ExtensionEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

Is it too much trouble to manage multiple short-term rentals (STRs) in different markets? If you have the opportunity to invest in Airbnb properties, but you know you’d have to run the units remotely, there are tactics and tools you can use to make the job easier.Karen Chenaille is the real estate investor and vacation rental host behind Star Gazer Stays, a STR business with properties in Vermont, Tennessee, Mississippi and Florida. She is also an active member of our STR Profit Academy and works full-time as a program manager for a Fortune 500 defense contractor.Today, Karen joins me to explain how she grew her portfolio to 11 properties, discussing what she looks for in a STR market and how she manages those units remotely. She shares her experience as a host through COVID-19 and describes how Profit First helped her build the cash reserves to navigate the crisis. Listen in for Karen’s insight on leveraging a CEO mindset as you expand your STR business and learn what tools you can use to run multiple Airbnbs in different markets!Topics CoveredHow Karen grew a portfolio of 11 STR propertiesUse extra space in own 5BR houseAdded condo near ski resortSold convenience store to expandWhat Karen looks for in a STR marketVacation rentals have been around long timeLocal governments pro-STR and make moneyHow Karen finds cleaners + maintenance staff in new marketsStay in local Airbnb, contact host/cleanerAsk for referrals from local realtorThe benefits of using Wi-Fi locks for self check-inOnly valid for period from check-in to checkoutKnow what’s going on and stay in controlKaren’s vision for the future of her STR businessGrow Airbnb revenue for next six to eight monthsDecide whether STR can be main source of incomeKaren’s experience as a host through COVID-19Lost $20K in five days on Tennessee propertiesState of Vermont blocked calendar through 7/1What bookings look like for Karen nowNew properties in Florida booking like crazyTennessee Airbnbs picking up (at higher rates)Guests choosing drive-to destinationsHow Karen applies the principles of Profit First Pay yourself and taxes first, then use rest to operateNarrow down and prioritize expenses based on ROIHow Karen built the cash reserves to survive COVIDLeverage YNAB cashflow management toolSet aside money to pay off expenses in 10 monthsHow Karen is implementing the CEO mindsetOnly do things good at, outsource restDevelop systems + use automation when possibleKaren’s advice for STR hostsDon’t feed into hysteria and panicStill much opportunity in STR spaceConnect with KarenStar Gazer StaysStar Gazer Stays on FacebookKaren on AirbnbResourcesSTR Profit AcademyGet Paid for Your Pad by Jasper Ribbers and Huzefa KapadiaNoiseAwareRemote LockTurnoverBnBProfit First by Mike MichalowiczYNABQuickBooksMike Michalowicz’s Podcast: Entrepreneurship ElevatedClockwork by Mike MichalowiczThe 4-Hour Workweek by Timothy FerrissEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

Apply if you run 30 units or more! Hosted on Acast. See acast.com/privacy for more information.

There is no such thing as the perfect property management system (PMS). So, if you’ve been waiting for a unicorn that will solve all of your problems, you’re out of luck. But what you CAN do is find a PMS that meets MOST of your needs and integrate it with other software, building a tech stack that works for YOUR short-term rental (STR) business. John An is the STR Legend, real estate investor and technology expert behind Ohana Stay, a vacation rental company based in Honolulu, Hawaii. He is an active member of our STR Profit Academy Inner Circle and sought-after property manager, bringing in returns 20% to 50% above market. John also works with existing property managers, providing them with the technology stack he has developed.Today, John joins me to share his process for building a tech stack for your STR business and walk us through the set of software packages he uses to run Ohana Stay. He explains why there is no perfect PMS and how to pick one that meets most of your needs—based on the features that are important to you. Listen in for John’s insight on creating the right cocktail of technologies and learn how you can make several existing software programs work together to get the functionality you need!Topics CoveredJohn’s background as a STR host in HonoluluBought property, decided to self-manage remotelyBuilt out technology and systems for efficiencyHow COVID-19 is impacting hosts in HawaiiState very careful about letting people travelJohn hosting medical professionals + localsJohn’s strategic approach to building a portfolioStart with buying own properties to hold long termOnboard additional STRs through word-of-mouthJohn’s process for building a tech stack for your STR businessWhat channels do you want to be on?What core features are most important to you?The tech stack John uses to run his own STR businessYour Porter meets most needs as PMSSmartbnb for some messagingTurnoverBnB to communicate with cleanersPriceLabs pricing engineJohn’s advice for building the tech stack that works for youLook for pieces with functionalities you needDevelop workarounds in absence of integrationHow Smartbnb’s AI works to answer guest questionsIdentifies keywords and determines contextAnswers common questions (e.g.: parking, early check-in)John’s mindset around creating a cocktail of technologiesConstantly test new things and be willing to make changesNo perfect PMS, so put together pieces that work for youConnect with JohnOhana StayEmail [email protected] LegendsSTR Profit AcademyVreasyTokeetOneRooftopUplistingHostawayHostfullyYour Porter [Discount Code PAD]GuestySmartbnbTurnoverBnBWheelhouseBeyond PricingPriceLabsRentals UnitedStreamlineiGMSLodgifyEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

Many short-term rental hosts are using the Coronavirus shutdown to show our listings some love, taking advantage of the unexpected break to upgrade our Airbnbs. And those of us who’ve made improvements would like to update the photo gallery on our listings as well. But how do we take attractive pictures on our own—without the help of a professional photographer?Vick Fichtner is the travel blogger and professional photographer behind the Smartphone Airbnb Photography Guide. Vick has degrees in architecture and interior design as well as a master’s in photography, and she has been an Airbnb Plus photographer and quality inspector since 2011, photographing more than 3,000 homes. She also has six years of experience as an Airbnb host, sharing her home in Barcelona with guests from all over the world.Today, Vick joins me to explain how to take great Airbnb photos with a cellphone and share her top tips for prepping your space for pictures. She introduces us to the concept of staging your listing, describing how props can help a guest visualize their experience in your Airbnb. Listen in for Vick’s insight on how many shots to include of each room and learn how YOU can update your listing’s photo gallery (and attract more bookings!) with the camera on your smartphone.Topics CoveredHow to stage your Airbnb listing for photosUse props to help guests visualize experienceDon’t use items that are too personal (e.g.: shoes)Avoid clutter, try groups of three objectsVick’s general advice for taking photos of your listingTake more than necessary and publish bestTake photos from different angles for 3D viewVick’s Airbnb photo gallery checklistOne shot each of exterior and entranceTwo to four shots of living room, bedroomOne to two shots of dining area, bathroomTwo to five shots of outdoor spaceWhat makes a good cover photo (hero shot)Eye-catching, stands out from listings in areaShows most unique or interesting spaceNot too busy (frontal shots work best)What inspired Vick to write the smartphone guideNot allowed to work during lockdown, no guestsDecided to redecorate during forced breakHelp other hosts update photos with cell phoneVick’s tips for taking smartphone photos of your listingShoot from doorknob levelDon’t tilt phone (hold parallel to walls)Clean smartphone lensConnect with VickSmartphone Photo Guides [Discount Code PAD]Vick’s Airbnb Listing in BarcelonaResourcesSTR Profit AcademyGPFYP on YouTubeEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

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With Tom Sargent Hosted on Acast. See acast.com/privacy for more information.

With John Cunningham of the Birdnest Group. Hosted on Acast. See acast.com/privacy for more information.

The effect of the Coronavirus on the STR Industry Hosted on Acast. See acast.com/privacy for more information.

The Coronavirus has people scared. Though the perceived risk is much higher than the actual threat of contracting COVID-19, many would-be Airbnb guests are cancelling their travel plans. What does that mean for us as STR rental hosts? And what can we do to keep our businesses going in this difficult time?Today, I’m addressing the Coronavirus and its impact on STR hosts, discussing the markets most affected by the outbreak as well as the details of Airbnb’s extenuating circumstances policy—and how some guests are getting full refunds even if they don’t qualify.I go on to offer my best advice for hosts who are afraid of exposure and explain why I don’t recommend making any big investments or taking on an expensive lease in the current economic climate. Listen in for insight on how long we might be dealing with Coronavirus and learn what you can do to get more bookings (and maintain your visibility in search results) during this challenging time.Topics CoveredThe markets most impacted by the CoronavirusChina, South Korea and JapanItaly (entire country on lockdown)NY, LA and west coast of USAirbnb’s extenuating circumstances policyFull refund for guests within guidelinesHosts can cancel guests from effected areasGiving refunds outside the extenuating circumstances policyHosts under no obligation to offer full refundsPolicy meant for people at real riskOffer guests option to change travel datesMy advice for hosts afraid of exposureDon’t panic and cancel reservations outside policyOffer self check-in, ask about recent travel historyUp your game when it comes to cleaningHow to get more bookings during this difficult timeOffer discounts, reach out to friends and familyEmphasize extra measures taken in listingSet cancellation policy to flexibleList on additional channelsStay informed re: local market, events cancelledStock up on suppliesShift target audience to domestic travelersWhy there may be light at the end of the tunnelAirlines have slashed rates to promote travelWarmer weather can help contain virusesFewer new cases in China (where COVID-19 began)What STR hosts can do to survive this challenging timeTry to cut costsTake less riskWhy I’m risk averse in the current economic climateParallels to 2007 (e.g.: markets at all-time high)Interest rates already at nearly zeroDrop in oil prices likely to impact US companiesResourcesCoronavirus on WorldometerAirbnb’s Extenuating Circumstances PolicyAirbnb Profit Club on FacebookSTR Legends MastermindSTR Profit AcademyGet Paid for Your Pad Email ListEmail [email protected] subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

What is the SOUL of your short-term rental (STR) business? What do you believe in? And how do you want to impact other’s lives? Whether you have one Airbnb listing or one thousand, defining your core values (and aligning your actions with those ideals) can help you attract the right people and build a business you can be proud of.Eric Moeller is the founder of Cohost Mastery and my partner in creating STR Legends Live and the STR Profit Academy. Today, Eric joins me to explain how we define core values for business and why STR hosts should take the time to get clear on what they stand for and who they want to serve.Eric describes why it’s best to craft a phrase or story around your values (versus a single word), and we get specific on how to leverage your core values to guide decision-making. Listen in for insight into the values Eric and I created for our partnership and learn the Mission to Mars system of defining core values for YOUR STR business!Topics CoveredHow we define core values for business‘Soul of company’Includes beliefs + who serveWhy STR hosts should define their valuesHelps guide decision-makingAttract ideal customers, employeesWhy a phrase is better than a wordEasier to share (emotion attached)Speak your truth vs. authenticHow to build out your core valuesChoose 5 to 7 people for Mission to MarsCreate statement re: value each embodiesEric’s advice for STR hosts around valuesRevisit every quarter and revise as neededPublish on listing, go further to align dailyEric & Jasper’s core values for businessBe better than GapSpeak your truthRespond vs. reactSeek failureConnect with EricSTR Legends MastermindSTR Profit AcademyAirbnb Mastery SummitEric on LinkedInResourcesFree Training: OPP on AirbnbGet Paid for Your Pad Email ListSocial Impact on GPFYP EP283Scaling Up: How a Few Companies Make It … and Why the Rest Don’t by Verne HarnishScaling UpTraction: Get a Grip on Your Business by Gino WickmanCrazy, Stupid, LoveTim KennedyTim Kennedy on The Joe Rogan ExperienceEmail [email protected] subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

Do you have dreams of investing in a short-term rental (STR) property but don’t know your financing options? Opportunities beyond the traditional bank loan DO exist to help investors like you start building or expand your portfolio of vacation rentals.Adam Windham is the Cofounder and COO of Host Financial, a firm that provides alternative financing and creative capital solutions for STR investors. Today, Adam joins me to discuss the pros and cons of using a conventional mortgage or hard money loan to finance a STR investment and explain what differentiates Host Financial from your other financing options.Adam shares the three factors that determine the interest rate on a Host Financial loan and walks us through the process of securing a loan with his team. Listen in for insight on how Host Financial hedges against potential regulations and learn how to determine the best market for your next STR investment!Topics CoveredThe pros and cons of using a conventional bank loanLoan size based on borrower’s incomeBorrowing power eventually tapped outChallenge for self-employed investorsThe pros and cons of using a hard money loanShort-term (one to three years)Interest rates vary wildly from 7%-12%What differentiates Host Financial from the other optionsQualify deals based on property’s income potentialAll loans fully amortizing over 30 yearsWhere investors can buy property through Host FinancialProperties must be in US at present (plans to expand)Borrower does not have to be US citizenThe three factors that determine interest rateBorrower FICO or credit scoreLevel of income property likely to generateLoan size (maximum approx. $2.5M)Host Financial’s ability to make loans to entitiesKeeps personal borrowing power separateOwner of LLC remains personal guarantorHow to provide income projections for a propertyExperience as operator in given marketAirDNA reportThe process of securing a loan from Host FinancialEnter specs of deal on Host Financial websiteReceive term sheet of options within 48 hoursComplete commercial loan applicationSubmit underwriting documentsAppraisal and close (within 30 days)How Host Financial thinks hedges against regulationsConsider market-rate value for long term rentalLTVs increases if cashflow positive both waysThe trends Adam is seeing based on loan requestsSeasoned investors looking for multifamily financingGrowth in invisible service boutique hotel modelBRR method and master lease with option to buyHow to determine the best markets for STR investmentsHigh gross income relative to low asset pricePigeon Forge/Gatlinburg, TN + Poconos in PAAdam’s advice for aspiring STR property investorsCreate folder in shared drive for underwriting docsDo due diligence (demand, regulatory risk, etc.)Connect with AdamHost FinancialEmail [email protected] Blog on Best Cities for STREmail [email protected] subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

“2020 is going to be the year of the professional host, regardless if you’re running one unit or if you’re somebody that’s trying to hit a hundred or a thousand units. All of it, the standards need to be world-class at this point. We have to truly treat even one unit as a real business.”Eric Moeller is the creator of Cohost Mastery and the cofounder STR Legends Live. Today, Eric and I sit down to discuss our top takeaways from STR Legends Cartagena, describing the trend toward professionalism in the industry and the challenges around operations that all hosts share regardless of size.Eric and I weigh in on how to approach your STR as a business, sharing Simon Lehmann’s challenge to define your values and align your messaging accordingly. Listen in for insight on how big brands are likely to impact the future of the STR industry and learn how YOU can benefit from the culture of sharing among the STR Legends community!Topics CoveredThe Hosting at Scale Video SeriesFour episodes, each feature one operatorExplore what makes them legend in spaceEric’s top takeaways from STR Legends CartagenaShift to professionalismOperations + people = greatest challengeThe evolution of operating in the STR space‘List it and forget it’Listing optimizationApproach from business perspectiveHow to stand out as a host as competition growsDetermine USP (i.e.: standards, theme, etc.)Design messaging to attract ideal clientSimon Lehmann’s STR Legends Cartagena challengeDescribe your business in one sentenceWho are you and what are your values?The culture of sharing at STR Legends CartagenaAuthentic connection among communityValue openness, integrity and supportWhat we learned about the future of the STR spaceLarger companies buy out midsize operatorsMust understand profitability to thriveEfficiencies of scale offer competitive advantageWhy vacation rental hosting is a hyperlocal businessKnowledge of area important in hospitalityOpportunity for small hosts (personal connection)Connect with EricCohost MasteryAirbnb Mastery SummitEric on LinkedInResourcesSTR LegendsGPFYP on YouTubeSTR Legends on InstagramY CombinatorSimon Lehmann on GPFYP EP308Carmen CartagenaTraction: Get a Grip on Your Business by Gino WickmanWho by Geoff Smart and Randy StreetSonderLyricVacasaEmail [email protected] subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

“2020 is going to be the year of the professional host, regardless if you’re running one unit or if you’re somebody that’s trying to hit a hundred or a thousand units. All of it, the standards need to be world-class at this point. We have to truly treat even one unit as a real business.”Eric Moeller is the creator of Cohost Mastery and the cofounder STR Legends Live. Today, Eric and I sit down to discuss our top takeaways from STR Legends Cartagena, describing the trend toward professionalism in the industry and the challenges around operations that all hosts share regardless of size.Eric and I weigh in on how to approach your STR as a business, sharing Simon Lehmann’s challenge to define your values and align your messaging accordingly. Listen in for insight on how big brands are likely to impact the future of the STR industry and learn how YOU can benefit from the culture of sharing among the STR Legends community!Topics CoveredThe Hosting at Scale Video SeriesFour episodes, each feature one operatorExplore what makes them legend in spaceEric’s top takeaways from STR Legends CartagenaShift to professionalismOperations + people = greatest challengeThe evolution of operating in the STR space‘List it and forget it’Listing optimizationApproach from business perspectiveHow to stand out as a host as competition growsDetermine USP (i.e.: standards, theme, etc.)Design messaging to attract ideal clientSimon Lehmann’s STR Legends Cartagena challengeDescribe your business in one sentenceWho are you and what are your values?The culture of sharing at STR Legends CartagenaAuthentic connection among communityValue openness, integrity and supportWhat we learned about the future of the STR spaceLarger companies buy out midsize operatorsMust understand profitability to thriveEfficiencies of scale offer competitive advantageWhy vacation rental hosting is a hyperlocal businessKnowledge of area important in hospitalityOpportunity for small hosts (personal connection)Connect with EricCohost MasteryAirbnb Mastery SummitEric on LinkedInResourcesSTR LegendsGPFYP on YouTubeSTR Legends on InstagramY CombinatorSimon Lehmann on GPFYP EP308Carmen CartagenaTraction: Get a Grip on Your Business by Gino WickmanWho by Geoff Smart and Randy StreetSonderLyricVacasaEmail [email protected] subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

Standing out in crowded STR markets can be difficult. With new rental properties cropping up in desirable locations every day, developing a brand for your STR business is key to long-term success in a short-term market. Branding is one of the best ways to beat out competition.Airbnb Superhost, model, and musician Sharon Middendorf founded GO-Cottage, an STR business in Lake Placid, New York. Long before Airbnb existed, Sharon bought, renovated, and restored two 1920s bungalows on the same piece of property. Over the course of 17 years she’s successfully marketed her short-term rentals as modern-style, California-esque lodging for adventure seekers. Sharon’s property has been featured in Country Living, Domino, and on HGTV’s Small Space, Big Living.On this episode of Get Paid for Your Pad, Sharon describes the importance of branding and how it can give rental owners the control they crave in a market dominated by listing platforms. Sharon explains how diversifying her rentals and capitalizing on their uniqueness helped her stand out amongst more than 700 STR listings in a small village. Listen in for Sharon’s insight on how Airbnb Plus has affected her listing and whether she would recommend the program to other property owners.Topics CoveredSharon’s STR storyLoved vacationing in Lake PlacidTook 4-5 years to find the right property to purchaseRenovated two bungalows on propertyStarted booking short-term renters in 2003Why Sharon focuses on brandingDifferentiates her rental from all the restBranding lasts longer than an STR platform like AirbnbHow Sharon developed a brandBuilt website and began tracking it using Google AnalyticsStarted creating on-brand content for social media like Facebook and InstagramHow Sharon marketed her listing before AirbnbUsed local listing sites and craigslistRelied on word-of-mouthWhy Sharon releases a quarterly newsletterHelps her stay in touch with former guestsReleasing a newsletter quarterly avoids overwhelming subscribersWhat Sharon includes in her newsletterLocal upcoming eventsInformation on availability and costHow Sharon got national exposure for her propertyNetworking and reaching out to media organizationsKnowing someone at Country Living helped her listing get featuredSharon’s insight on creating a brandName the property to give it an identityHire outside help if neededSharon’s take on Airbnb PlusGood experience working with professional photographerMeeting Airbnb Plus requirements can take time and effortAirbnb Plus doesn’t necessarily enable you to raise ratesLess control over Airbnb Plus listingConnect with SharonGO-CottageEmail: [email protected] InstagramGO-Cottage FacebookGO-Cottage YouTubeGO-Cottage on AirbnbResourcesAirbnb IPOAirbnb PlusFairbnbSTR Profit AcademySTR Legends MastermindGet Paid for Your Pad: How to Maximize Profit from Your Airbnb Listing by Jasper Ribbers and Huzefa KapadiaSTR Legends MastermindEmail [email protected] subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

It’s never fun to think about worst case scenarios. But for Airbnb hosts, it’s important to have an idea of what you might do should the worst happen. And there are few things worse that having a natural disaster hit your STR.Peter Counsell is the Superhost behind Clyde River Cottage, a STR in Nelligen, New South Wales, with its own private jetty on the river. Peter also coaches new hosts on getting started in the STR business and optimizing their listings, and he builds personal websites for hosts looking to expand their reach beyond the Airbnb platform.On this episode of Get Paid for Your Pad, Peter joins me to share his difficult experience during the devastating bushfires in Southeast Australia. He explains how the fires are affecting his business, what Airbnb is doing to help hosts in his position, and how the disaster is likely to impact tourism in the area. Listen in for Peter’s insight on how he might use his STR property during the recovery process and learn what to do should a natural disaster hit your STR business.Topics CoveredThe devastating bushfires in Southeast Australia1M acres in six weeks (two full states)Caused by extreme drought + lightning strikePeter’s harrowing experience with the firesEvacuated three times before leaving area entirelyHighway closed, followed fire engine to UlladullaHow the fires are affecting Peter’s STR businessCancellations as fires got worse, no new bookingsSmoke and highway closings make travel difficultAirbnb’s process for helping hosts in the firesTeam in place to contact guests for Aussie hostsNo cancellation penalty for guests or hostPeter’s advice for hosts in natural disastersWaive fee for cancellation (return 100% of deposit)Request that Airbnb waive fees for guestsHow the fires will impact tourism in the areaKnown for beaches, nature and wildlife1B animals killed + bushwalks burnedPeter’s insight on the long recovery processCharge realistic prices, allow one-night staysStay in touch with potential guestsWhat Peter might do until the area has recoveredMay be good time for upgrades to spaceOffer STR for recovery workers to stayWhat we can do to support PeterTravel to SE Australia (quite safe, still much to do)Use his website building or coaching servicesPeter’s best tips for aspiring Airbnb hostsRead Get Paid for Your Pad, listen to podcastModel STR on your WHY + ideal guest avatarWork to get good reviews right awayConnect with PeterClyde River CottageClyde River Cottage on AirbnbResourcesPeter on GPFYP EP129Airbnb Open HomesDivi Themes SoftwareGet Paid for Your Pad: How to Maximize Profit from Your Airbnb Listing by Jasper Ribbers and Huzefa KapadiaSTR Legends MastermindEmail [email protected] subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

Airbnb Superhost Rebecca Cramer lives by the philosophy that it’s better to regret something that you’ve tried than to regret something that you didn’t try at all. And that attitude has served her well, inspiring Rebecca to invest in short-term rental (STR) properties in highly competitive markets and absolutely crush it—proving that big risk, when done right, can reap big rewards.Rebecca is the founder of Mad Men Vacation Rentals, a STR business with listings in Maryland and Florida. She invests in vacation spots she and her family love, creating the Mad Men Beach House listing in Ocean City, MD, and the Mad Men Magic Kingdom House near Disney World. Rebecca started hosting on Airbnb in January of 2018 and has quickly proven that newcomers can be successful in crowded STR markets.On this episode of Get Paid for Your Pad, Rebecca is back to discuss her decision to invest in competitive locations like Maryland and Florida. She walks us through the process of finding, buying and renovating STR properties, explaining what she did to research profit potential and why her listings surpassed expectations. Listen in for Rebecca’s insight on furnishing your STR (without breaking the bank) and learn her top strategy for getting more bookings in the off-season!Topics CoveredRebecca’s STR portfolioStart with Ocean City vacation home in 2018Added Disney World property last yearDeep Creek Lake location will go live in 2020How Rebecca found the Ocean City propertyDiscovered neighborhood on vacation thereOutdated house on Zillow (9 months on market)How Rebecca researched STR profit potential in Ocean CityLook at similar listings in neighborhood on AirbnbTalk to realtor, friends with vacation homes thereWhy Rebecca’s listing surpassed profit projectionsRenovations, updated furnishings and amenitiesHigh level of customer serviceWhat Rebecca did to command a higher price for her listingOffer kayaks, pool and tennis courtsMade property dog friendlyHow well the Ocean City property performedCovers mortgage, updates and cleaning feesProvide down payment for next investmentWhy Rebecca chose to invest in FloridaOpen to risk, confident in ability to recreate successFamily loves Disney + can escape there themselvesHow Rebecca furnished her listings for lessSold furniture that came with propertiesUtilized Craigslist, Facebook MarketplaceWilling to paint/refinish distressed piecesRebecca’s strategy for getting more listings in the off-seasonList property twice (e.g.: 3BD/2BA AND 1BR/1BA)Fill booking gaps with solo travelers + small groupsConnect with RebeccaMad Men Vacation RentalsMad Men on InstagramMad Men on FacebookMad Men Beach HouseMad Men Magic KingdomResourcesRebecca on GPFYP EP309AirDNASTR Profit AcademySTR Legends MastermindEmail [email protected] subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

What’s the most important part of a short-term rental (STR) listing? Most hosts focus on the space itself, making it a point to have beautiful photographs that make the property look as attractive as possible. But it’s just as important to communicate who YOU are through the Airbnb listing, creating a very positive first impression so that guests feel comfortable booking with you. But what does that look like?Rebecca Cramer is the Superhost behind Mad Men Vacation Rentals, a small STR business with listings in Ocean City, Maryland, and Kissimmee, Florida. Her third property in Deep Creek Lake, Maryland, is scheduled to go live in the summer of 2020. Rebecca started hosting on Airbnb in January of 2018 and quickly realized how much she loved helping guests make memories in the very places she and her family love. The success of her Mad Men Beach House and Mad Men Magic Kingdom prove that newcomers can still make it in a competitive STR market.On this episode of Get Paid for Your Pad, Rebecca joins me to discuss her Airbnb origin story, explaining how renting the family’s beach house to afford the mortgage quickly turned into a small business. She describes how she creates a unique experience for families at her Madmen Magic Kingdom property near Disney World and offers insight around staging your space for photos and managing units remotely. Listen in for Rebecca’s top four strategies for earning exceptional reviews and learn how to build a trusting relationship with guests through your listing on Airbnb.Topics CoveredHow Rebecca got into AirbnbDream of having beach house in Ocean City, MarylandRent on Airbnb to afford mortgage, turn into businessWhat prepared Rebecca to be a good hostFamily goes big on hospitality at gatherings + holidaysWork in retail, as nurse (make people feel cared for)How Rebecca builds a relationship through her listingsHumor and enthusiasm in captions, descriptionProfile picture = family photoHow Rebecca creates an experience at Madmen Magic KingdomThemed rooms (princess castle, Pirates of the Caribbean)Pool with inflatables + unique game roomCostumes for kids to play dress-upRebecca’s tips for staging units for photosHelp guests envision themselves in spaceDetails like glass of wine on patio tableWhat sets Rebecca apart as a hostQuality photos AND very positive reviewsGo above and beyond to show you careHow Rebecca earns exceptional reviewsGuidebook with info about house and areaCommunicate desire to give best possible experienceAutomated message re: 5-star experienceRespond right away when guests reach outRebecca’s insight on managing units remotelyConnect with handyman and cleaners willing to helpPut together good team of people you trustHow to be successful as a newcomer in a competitive marketLeverage heart and passionDon’t need degree, just need to really careConnect with RebeccaMad Men Vacation RentalsMad Men on InstagramMad Men on FacebookResourcesHostfullySTR Profit AcademySTR Legends MastermindEmail [email protected] subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

Though home-sharing and hospitality is nothing new—we’ve been sharing our spaces since Prehistoric times—the industry has evolved a great deal in the last decade. And the short-term rental (STR) space will continue to grow and change in the years to come. So, what current trends are likely to continue in 2020? And how can we grow as hosts to stay competitive in the decade to come?Simon Lehmann is the CEO and cofounder of AJL Consulting, a boutique firm with a focus in the private accommodation and STR industry. Prior to AJL, Simon served on the boards of HomeAway, Travelwindow and Inntopia, and spent eight years at the helm of Interhome, where he oversaw a total of 32K STR units in 29 countries. A globally recognized thought leader in the vacation rental and online travel space, Simon has delivered keynotes at VRMA International, the World Tourism Forum and the Vacation Rental World Summit.On this episode of Get Paid for Your Pad, Simon joins me to discuss how Airbnb has (and hasn’t) changed the STR space, describing the platform’s major achievements in the last 10 years. He shares the trends around professionally managed inventory and predicts whether Airbnb will realize its ambition to become the world’s OTA superbrand. Listen in for Simon’s insight on growing your own property management business and learn how to meet changing guest expectations for STR in 2020 and beyond!Topics CoveredHow Airbnb changed the STR spaceCreated new vertical in existing industryAccelerate supply growth exponentiallyAirbnb’s major achievements in the last 10 yearsEstablished incredible marketplaceCreated many entrepreneurs + businessesMade tourism available to new generationSimon’s top prediction for the STR space in 2020Supply will become more professionally managedWhat aspiring PPMs should consider in growing a businessTake on quality inventory in good locationMaximize availability + bookabilitySimon’s advice on scaling up a PPM businessBring on staff, limit self to tasks that add valueBe selective in onboarding new propertiesHow guest expectations are changing in the STR spaceMore ‘hotel guests’ with higher standardsImprove quality to remain competitiveHow small property managers can stand outSpend 2 to 3 days in each property yourselfLittle things make big difference (e.g.: personal note)The potential for Airbnb to go public in 2020All signs point to YESStrategic acquisitionsWhat’s behind Airbnb’s ambition to expand beyond STRPressure from current investorsLeverage customer base to sell additional thingsConnect with SimonAJL ConsultingSimon on LinkedInResourcesVacation Rental World SummitAirbnb’s Acquisition of HotelTonightSTR Legends MastermindEmail [email protected] subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

More than 500 million people have stayed in an Airbnb since its inception in 2008. And a mind-boggling 350 people check into an Airbnb every minute. So, what makes the short-term rental (STR) platform so successful? And what do the best hosts do to deliver an exceptional experience that makes every guest feel welcome?Joseph Michelli is the New York Times bestselling author of several books about world-class customer experience providers, including the Ritz-Carlton, Starbucks and Zappos. A sought-after keynote speaker and business consultant, Joseph has been recognized as one of the Top 10 thought leaders in the realm of customer service by Global Gurus, and his most recent title is The Airbnb Way: 5 Leadership Lessons for Igniting Growth Through Loyalty, Community, and Belonging.On this episode of Get Paid for Your Pad, Joseph joins me to explain what prompted him to write The Airbnb Way and discuss the book’s major themes around how the sharing economy has changed the hospitality industry. He walks us through the five sections of The Airbnb Way, describing how Airbnb hosts deliver belonging and what we can do to cultivate trust with our guests. Listen in for Joseph’s insight on how Airbnb promotes the idea of enlightened hospitality, fosters a sense of community, and empowers its hosts to improve their lives!Topics CoveredWhat prompted Joseph to write The Airbnb WayWork with Ritz-Carlton on book in 2008Saw changes in how travelers experience hotelsThe major themes of The Airbnb WayHow Airbnb came to be, what makes it greatWhat Airbnb and hosts do to drive belongingHow Joseph thinks about BELONGINGCreate safe physical + emotional environmentOffer sense of what it’s like to live in cityThe concept of enlightened HOSPITALITYChip Conley brought mindset to AirbnbAnticipate needs, create personal connectionJoseph’s insight around cultivating TRUSTDemonstrate genuine care for guestLive up to claims made in listingHow Airbnb EMPOWERS its hostsLeverage asset to unlock what’s importantProvide housing security, power to travelHow Airbnb fosters a sense of COMMUNITYSupports communication among hostsActivate to protect rights of home sharersThe values Airbnb guests and hosts have in commonGlobal citizensPositive view of peopleConnect with JosephThe Airbnb WayResourcesThe Airbnb Way: 5 Leadership Lessons for Igniting Growth through Loyalty, Community, and Belonging by Joseph MichelliChip Conley on GPFYP EP024Peak: How Great Companies Get Their Mojo from Maslow by Chip ConleyGet Paid for Your Pad: How to Maximize Profit from Your Airbnb Listing by Jasper Ribbers and Huzefa KapadiaNews Story on Airbnb Halloween ShootingSTR Legends MastermindSTR Profit AcademyEmail [email protected] subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

You’ve probably heard of the mother-in-law apartment, a small suite on the same lot as a single-family home, where an in-law (or other family member) can live while maintaining their own privacy and independence. But what if you want to list an in-law property on Airbnb? Is it wise to list two units on the same lot as short-term rentals (STR)? Or is there a better way?Kyle Stanley is an avid real estate investor and experienced STR host. He is also the host of the Fearless Flipping Podcast, a show dedicated to helping listeners learn to flip houses and earn passive income with real estate. After buying a property with a secondary unit onsite, Kyle created the mother-in-law model to earn money on Airbnb and provide a unique opportunity for his long-term tenants.On this episode of Get Paid for Your Pad, Kyle joins me to explain how he came up with the mother-in-law model, discussing how it can be a win-win-win for long-term tenants, Airbnb guests and property owners alike. He describes how to find willing onsite managers for mother-in-law units and the challenges of relying on an individual rather than a business. Listen in for Kyle’s insight around the current real estate market and learn whether the mother-in-law strategy makes sense for your STR business!Topics CoveredHow Kyle got into the STR spaceUnexpected expenses with first house in ScottsdaleFriend introduced to idea of renting room on AirbnbHow Kyle expanded his STR businessMoved back to California for dad’s health in 2016Airbnb guests generally in town for business or familyDiscovered income potential of renting whole houseIncreased portfolio to five listings in FresnoHow Kyle came upon the mother-in-law modelNervous about listing two houses on one lot on AirbnbIdea to make one long-term rental with reduced rentServe as onsite manager/cleaner of Airbnb propertyThe advantages of Kyle’s mother-in-law strategyWin-win-win for tenant, STR guest and ownerIncreased profits from $1500 to $2500/monthFinding a tenant who is willing to serve as onsite managerStay-at-home moms + individuals looking for low rentConsider fair wage laws, track time and offer bonusesHow guests respond to having an onsite managerMake clear on listing to attract right peopleGuests inclined to break rules unlikely to bookThe challenges of using the mother-in-law strategyRelying on person vs. businessBackup plan in place for emergencies, tripsKyle’s tips for replicating the mother-in-law modelChoose onsite managers you trust 100%Ensure that model makes financial senseKyle’s insight around the current real estate marketLikely 12-18 months away from downturnAll-in on special terms and arbitrage modelHow to approach a property manager about AirbnbUse FORM sales formula to make friends firstExplain how differ from other tenants (pros + realities)One of every nine will say YESKyle’s best advice for GPFYP listenersAccess likeminded people and informationDo research to expand mindseConnect with KyleFearless FlippingSponsorHostfully 2019 ReportTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

Between HomeAway and Airbnb, there are 3,155 cabins in Pigeon Forge, a popular Tennessee tourist destination near Dollywood. To book up, you have to STAND OUT. But how? How do you create a pattern interrupt among all the rustic spaces decked out with plaid comforters and bear figurines? One strategy is to theme your space, surprising potential guests with something they’ve never seen before.Jeff MacIntyre is an Emmy-winning television producer, long-time real estate investor and creator of Theme My Space, a platform designed to help short-term rental (STR) hosts transform their vacation rental into a unique experience guests will love—and share on social media. Jeff is also the only Airbnb host in Pigeon Forge with a pirate-themed cabin, complete with wall-mounted cannons and a figurehead from the bow of an old ship!On this episode of Get Paid for Your Pad, Jeff joins me to explain how learning about the Pigeon Forge market drew him to the STR space. He discusses why he chose the pirate theme for one of his cabins, sharing where he got his aargh-infused artifacts and how he incorporates pirate slang in his listing. Listen in for Jeff’s insight on branding your Airbnb and learn the top five benefits of theming a STR space.Topics CoveredHow Jeff got into the STR spaceLearned about Pigeon Forge through Rhonda BlueBig profit potential in hot family travel marketJeff’s first STR property in Pidgeon ForgeTraditional cabin positioned as honeymoon spotReturns blow away long-term rental propertiesWhy Jeff chose the pirate theme for his second STRPopular pirate-themed shows for touristsAargh-infused cabin to stand out in marketWhy Jeff is a fan of smaller 1BR + 2BR propertiesFewer problems with guestsEasier to test out theming theoryWhere Jeff got his pirate-themed artifactsSwap meets, eBay, Craigslist and FacebookScroll Pinterest for ideas re: fabrics for bedroomJeff’s insight around branding your STRCreate sharable custom experienceSee yourself as dealer of DELIGHTJeff’s familiarity with pirate slangLearned for Tipsy Captain YouTube channelInclude in listing captions, cabin manualThe other benefits of theming your STR spaceIncrease attention and bookingsOpportunities for local partnershipsTargeted marketing (e.g.: Facebook ads)Work with social media influencersEarn more by selling merchandiseJeff’s advice for promoting a themed listing#PirateRidge decals by photo-worthy décorSelfie basket + frame with cabin nameConnect with JeffTheme My SpacePirate Ridge on AirbnbAlpine Dreams on AirbnbResourcesBiggerPocketsRhonda BlueDollywoodRealtor.comeBayCraigslistPinterestTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

Wish you could create space in your life to explore new things? To spend more time on creative interests or pursue the hobbies you love? Shawn Laidlaw is leveraging Airbnb to do just that, investing in a short-term rental (STR) business in Mexico that gives him the time freedom to live life on his own terms.Shawn Laidlaw is an investor and STR host in Villas de Cerritos Beach near El Pescadero. He purchased land in an existing development there and built a three-unit property on the site, allowing him to rent the units on Airbnb and live there himself for six months of the year. Shawn is also a photographer, writer and avid surfer.On this episode, Shawn joins me to discuss how he came to invest in an Airbnb in Mexico and explain the process of buying and developing land in the country. He shares the perks of running a STR business in a development with an onsite staff, the cost of doing construction in Mexico, and the mindset difference when it comes to scheduling work. Listen in for insight around what it’s like to host a vacation rental in Mexico and learn how Shawn is leveraging Airbnb to live a simpler life—and do a lot of surfing!Topics CoveredShawn’s journey to MexicoMoney from sale of property in Victoria, BCHouse sitting in California for friend in real estatePresented with development opportunity‘Open to whatever life brought meWhat it looks like to buy property in MexicoForeigners can’t own outright within 50 km of coastSole beneficiary of third-party trust (fideicomiso)99-year term on lease hold constructionThe benefits of buying in a ‘gringo development’Fit Shawn’s goals for lifestyle and investmentStaff onsite for cleaning, reception + securityHow much it cost to build in Mexico$20K for 10x12 m of land$100K for construction of three unitsHow Shawn’s property is structuredTwo bachelor suites on first level (open air kitchens)700 ft2 unit on second level, hang out on roofHosting on Airbnb in MexicoPlatform collects sales and regional taxesShawn focuses on vacationers vs. business clientsThe pros and cons of building in MexicoBuilders in place in existing developmentsThings move slowly (mindset difference)Shawn’s experience of managing units remotelyLeverage onsite reception, cleaning staffSchedule through online booking portalHow much Shawn charges for his units$55/night during busy season in winter$40/night in summerDiscounts for weekly, monthly staysThe occupancy rates on Shawn’s units30% to 40% throughout yearBooked solid through MarchFewer tourists in summer (10% to 15%)Shawn’s advice around investing in MexicoTake leap when opportunity presents itselfAmazing people, rich culture and surfingShawn’s minimum income experimentCreate balance among lifestyle, investing and simplicityIntent to live off rental income, stay in Mexico full-timeConnect with ShawnShawn’s BlogShawn’s WebsiteShawn on InstagramShawn on AirbnbTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

Does your Airbnb have the delight factor? The most successful short-term rental (STR) hosts surprise their guests with unique hospitality experiences. They leverage the playful headspace we’re in when we travel to create quirky spaces that keep people coming back.Amy Gilbert is the creator of Givingtree Hospitality, an STR property management firm out of Blue Mountain, Canada. An Airbnb host since 2011, Amy has a special talent for turning unlikely spaces into popular and profitable vacation rentals.On this episode of Get Paid for Your Pad, Amy joins me to explain how she creates unique hospitality experiences with quirky listings like the Lovable Karma Cabin and the Retro Airstream Glamping Retreat. She shares some of the delight factors that make her listings special and discusses how she pitches cohosting clients with the prospect of making more money—by working less! Listen in for Amy’s insight on running with your fun ideas and learn how to turn imperfections into features that guests will love.Topics CoveredHow Amy got into AirbnbStarted as traditional bed and breakfastUse Airbnb as marketing tool for guest cabinAmy’s insight on creating a listing with soulPerfection not necessary to attract guestsLeverage quirks with travelers (playful headspace)What makes Amy’s glamping listings specialBBQ pit and s’mores kitInstagram-able, off-grid experienceAmy’s Beehive women’s retreatUnique space with no square cornersCater to bachelorette parties + bridal showersWhat Amy offers as a cohostHelp clients take listing to next levelRebrand with services, extrasHow Amy finds owners to work withGot start on Airbnb cohosting marketplaceNow word-of-mouth and cold callingAmy’s advice for aspiring short-term rental hostsDon’t wait for things to be perfect to startTurn imperfections into featureBe honest about being new hostAmy’s tips for successful hosting on AirbnbInvest in tasteful décor + curate experienceBe generous and infuse ‘delight factor’Anticipate guest needs, run with fun ideasAmy’s take on listing photosUse professional real estate photographerInclude photos of real guests using spaceConnect with AmyGivingtree HospitalityGivingtree on InstagramResourcesSTR Profit AcademyGet Paid for Your Pad: How to Maximize Profit from Your Airbnb Listing by Jasper Ribbers and Huzefa KapadiaHow to Promote Your Listing on Instagram on GPFYP EP302Mark SimpsonShort Stay Summit BarcelonaTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

As the short-term rental (STR) space gets more and more competitive, hosts are looking to promote their listings beyond Airbnb. Joshua Hittinger leverages Instagram to generate buzz around his vacation rental and engage with potential guests. So, how can YOU use social media to market your listing?Joshua is a new Airbnb host in northwest Arkansas. He and his wife relocated to the area near the Ozark Mountains 14 months ago and purchased an A-frame cabin with the intention of listing on Airbnb. After a year spent renovating the space and documenting the journey on Instagram, they are enjoying 85-90% occupancy just two months into their hosting career—in the off season!On this episode of Get Paid for Your Pad, Joshua joins me to explain how he is using Instagram to promote his listing, turning followers into guests and growing his audience organically. He walks us through the process of finding and renovating the cabin and documenting the journey on social media. Listen in for insight around telling the story of your listing in the first five photos and learn how you might promote your vacation rental outside the Airbnb platform.Topics CoveredThe story behind The Lost HausRelocated to NW Arkansas (potential for Airbnb)Found A-frame cabin for $140KMoved in and spent year doing renovationsHow Instagram has helped Joshua’s listingTurns followers into guestsRank quickly on Airbnb front page85-90% booked in off-seasonThe process Joshua followed to host on AirbnbUsed FHA loan for first home ($6K down)Renovate room by room + document journeyPut up listing 2 months before finishedHow Joshua made interior design choices for the listingDifferent theme for each roomChoose things WE loveHow often Joshua posts on Instagram2X per day to keep engagement highTake pics at turnover, post through weekHow guests help grow Joshua’s following on InstagramAsk to tag @thelosthaus, use # in postsIntroduces listing to guest’s followersHow hosting on Airbnb has changed over timeUnderstanding search algorithm used to be enoughProvide unique experience, promote beyond AirbnbWhat Joshua might do to improve his listingInclude photos of nearby lake, historic townPictures of people EXPERIENCING listingMost attractive pic of each room in first 5Use quotes from reviews as photo captionsConnect with JoshuaThe Lost Haus on InstagramJoshua’s Airbnb ListingResourcesGet Paid for Your Pad: How to Maximize Profit from Your Airbnb Listing by Jasper Ribbers and Huzefa KapadiaOzark on NetflixTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

Think you need to operate in a major metropolitan area to run a successful short-term rental (STR) business? Think again! As STR hosts in larger cities are faced with more and more competition and mounting regulations, Airbnb property managers in small towns are thriving. So, how do you identify a small community with BIG potential in the STR market?Christian Gissing is the CEO of True North Property Management, Northern Michigan’s short-term rental experts. TNPM is dedicated to building strong relationships with clients and providing memorable experiences for guests. In 2018, Christian and his team expanded to Mexico, Barbados and the UK, and today, they manage 100-plus units around the world. TNPM is a VRBO, HomeAway and Expedia Premier Partner, and the company has been recognized by Airbnb, TripAdvisor and Booking.com.On this episode of Get Paid for Your Pad, Christian joins me to share the romantic story of how he got into STR property management in Traverse City, Michigan. He offers advice on optimizing your listing (no matter how many units you manage) and making your guests feel special with extras like a free bottle of bubbly or gym access. Listen in for Christian’s insight around how to handle seasonality and learn the benefits of operating your STR business in a smaller city!Topics CoveredHow Christian got into STR property managementMet woman on vacation in Traverse City, MIDecision to stay + look for investment propertiesHuge opportunity in STR, expand to other’s unitsTraverse City triviaPopulation 14,674 according to 2010 censusCherry Festival attracts 500K annual visitorsThe benefit of operating STRs in small citiesLess competition, fewer regulationsCharge higher rates (huge demand)Respectful guestsHow Christian navigates the challenge of seasonalitySwitch to six-month lease in wintertimeAdvertise on Airbnb, Craigslist, FacebookChristian’s insight around diversifying across platformsAirbnb and HomeAway primary in his marketAdjust rates to accommodate platform feesChristian’s advice for optimizing results on one listingFind amazing photographer + stage unit wellCharismatic writing for descriptionsUse dynamic pricing (base on hotels, AirDNA)Personal touches to make listing stand outChristian’s top ideas for making guests feel specialFree bottle of bubbly or local wine tastingCherry-themed gift bags and spa discountsPartner with local gyms (guests use for free)How Christian thinks about dynamic pricingServices like PriceLabs use compsStill need to modify yourselfChristian’s tips for hosts facing regulation in metro areasConsider managing units remotelyScope out small cities with < competitionConnect with ChristianTrue North Property ManagementChristian on LinkedInResourcesVRMA International ConferenceTraverse City on WikipediaArticle on Millennial MillionairesAirDNABeyond PricingWheelhousePriceLabsSTR Legends LiveTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

In under three years, Julie George went from listing her one-bedroom apartment on Airbnb to running a successful property management company that turned over $5.5M. So, how did Julie scale from one to 130 units in 19 months? And how can you follow in her footsteps to become a million-dollar host?Julie George is the founder of Host My Home, Queensland’s top short-term rental (STR) property management company. She leveraged her background in hospitality, marketing and real estate sales to help property owners replicate the success she had hosting on Airbnb. In June 2019, Julie sold Host My Home, and today, she travels the world and runs Million Dollar Host, a consulting platform designed to help aspiring Airbnb entrepreneurs grow their business. Julie is also the author of Million Dollar Host: Julie’s Airbnb Portfolio Earned Over a Million Dollars in Her First Year … Yours Can Too!On this episode of Get Paid for Your Pad, Julie joins me to share her Airbnb origin story and explain how she built, scaled and sold Host My Home. She offers advice on optimizing your revenue as a STR host and walks us through her process for onboarding a new property. Listen in for Julie’s insight on maintaining total control of the listings you manage and learn how YOU can get into the Airbnb property management game!Topics CoveredJulie’s Airbnb origin storyTenant moved out of 1BR apartmentList on Airbnb (from $240 to $600/week)Help others with property managementWhere Julie’s STR business was locatedCairns, Queensland, near Great Barrier ReefTourism hub w/ demand for accommodationsJulie’s journey to building Host My HomeHelp property investors buy vacation homesEstablish self as local expert through articlesHire cohosts in January 2018 (up to 15 STRs)Scale to 130 properties, $5.5M by June 2019How Julie sold her property management companyWriting Million Dollar Host generated buzzTook offer from Hometime, sold June 2019Julie’s tips for optimizing revenue on AirbnbUse fresh photos + floor plans, good contentOffer extras (e.g.: coffee machines, bicycles)Keep minimum nightly stay low to fill 100%Keep eye on competitors, research ratesJulie’s process for onboarding a new propertyEstablish realistic expectations IN WRITINGCover what clean entails, consumables, etc.The opportunity to get into the management gameNovelty wears off quickly for new hostsGet message out re: services you offerHow the STR landscape has changed since 2016More competition means work harderAdditional education, support availableJulie’s advice for aspiring property managersMaintain total control of listing (vs. cohost)JUST DO ITConnect with JulieMillion Dollar HostEmail [email protected] Dollar Host: Julie’s Airbnb Portfolio Earned Over a Million Dollars in Her First Year … Yours Can Too! by Julie GeorgeGet Paid for Your Pad: How to Maximize Profit from Your Airbnb Listing by Jasper Ribbers and Huzefa KapadiaHost My HomeFloorplannerHometimeHost 2019STR Legends LiveTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

If you’re an Airbnb entrepreneur looking to start or scale a property management business, you need leads! So, what is the best way to find property owners who might be interested in the STR model?Randy Zimnoch is the cofounder and broker-owner of Realty National, an investor-friendly, boutique-style brokerage based in San Diego, California. With more than 13 years of experience in real estate, Randy has flipped 250-plus houses, and his team of agents has done 1,600 transactions since Realty National launched in 2011. His impressive resume also includes seven years as the Acquisition and Sales Director for CT Homes, a residential re-development company featured on A&E’s Flip This House.On this episode of Get Paid for Your Pad, Randy joins me to explain how STR property managers and real estate agents can work together to grow their businesses. He discusses how to provide value for realtors through education, revenue projections and cross-promotional opportunities and offers advice on where to go to start building relationships with agents. Listen in for Randy’s insight around fostering an abundance mindset and learn several strategies for generating lead flow for your property management business!Topics CoveredRandy’s background and experience in real estateLicense to connect with agents as flipperRuns small boutique-style brokerageHow STR hosts and agents can benefit each otherAgents have direct access to property ownersKnowledge of STR makes agent stand outHow property managers can provide value for realtorsEducate around STR industryRevenue projection reports with AirDNACross-promotion opportunitiesWhere to start building relationships with realtorsPractice script on agents at Open HousesReach out to brokers, speak at team meetingRandy’s approach to nurturing agent relationshipsStay in front of database on regular basisOverdeliver (i.e.: gift basket for referrals)Randy’s insight around having an abundance mindsetProvide value to attract opportunitiesFind + serve people who relate to youOther strategies for generating lead flowNetwork with investor communityBuild real estate club with STR focusConnect with RandyRealty NationalRandy on LinkedInResourcesSTR Profit AcademyVRMA Conference 2019Eric MoellerFortune BuildersCT HomesAirDNAHost FinancialTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

Creating a unique experience for your guests leads to five-star reviews and returning clients. And if you live near the water, you can take advantage of this open market for one-of-a-kind spaces by renting out houseboats on Airbnb. So, how is hosting on land different from hosting by sea? What are the special considerations for running a STR that floats?Nicole Young is an Airbnb Superhost based in Norfolk, Virginia, with two houseboat listings on the platform—a 37-foot Holiday Mansion that sleeps two and a 50-foot Gibson that sleeps six. In addition to overnight stays on Airbnb, Nicole leverages Groupon to attract locals for date nights and does a food tasting Airbnb Experience on what she calls her ‘floating bed and breakfast.’On this episode of Get Paid for Your Pad, Nicole joins me to share her experience with listing houseboats on Airbnb. She explains the ‘date night’ concept she uses to increase bookings during the week, discussing how guests book through Groupon and what you can do to apply a similar idea in your space. Listen in for Nicole’s insight around the regulations and legal issues associated with STR houseboats and learn how the little things you do to provide a unique experience create lasting memories for guests!Topics CoveredNicole’s houseboat listings on Airbnb37-foot Holiday Mansion opened in March 2017, sleeps 250-foot Gibson opened July 2019, sleeps 6Nicole’s experience with houseboat bookingsCalendar full on weekends, holidays and eventsAdded ‘date nights’ to attract locals during weekHow Nicole’s date night concept worksOffering on Groupon and Airbnb ExperiencesProvide sensory experience in 3-hour time blocksHow guests book Nicole’s houseboat through GrouponCall to schedule (Airbnb calendar link reference)Convert to overnight if date not availableNicole’s advice around executing date nightsApproval through Groupon Merchant CenterOffer little things to create memories (e.g.: Polaroid)Nicole’s experience with regulations and legal concernsDon’t go out on water for liability reasonsIssues with local government (i.e.: taxes, water treatment)Move to private dock after marina policy changedWhy Nicole recommends hosting STR houseboatsMarket open for unique spacesGood revenue source despite renovation expenseNicole’s very positive reviews on AirbnbGuests comment on fishing poles, view of naval baseWonderful experience leads to returning guestsConnect with NicoleNicole on AirbnbResourcesGroupon Merchant CenterAirbnb ExperiencesTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

“Honestly, it was a gamble … but I knew, if I put in the same amount of time that I did at my job, I knew I could make that much or even more through Airbnb because I saw how much it could actually grow.”So, you’ve got a good, steady job, but it doesn’t light you up. You know you’re self-motivated enough to be an entrepreneur, and you LOVE the idea of deciding for yourself how to spend your time. You CAN achieve financial freedom through short-term rentals (STR), and today’s guest took a leap of faith to do just that.Azubuike Dike (better known as AJ) is the Cofounder and Logistics Manager with EA Lodging, an STR property management company based in Houston. The EA Lodging team provides reliable services for property owners looking to create positive experiences for their guests, boasting a proven track record for optimizing short-term rentals in Southeast Texas. In addition, AJ and his partner, Erica, offer an array of services for hosts, including STR setup and design, listing photography, furniture sourcing, and a listing revamp—just to name a few.On this episode of Get Paid for Your Pad, AJ joins me to share his journey from microbiologist to full-time Airbnb property manager. He explains how the Superbowl inspired his first STR listing, why he transitioned to cohosting, and where he found his first few properties to manage. AJ also discusses the automation tools he uses to manage EA Lodging, describing his role in the business and what he outsources. Listen in to understand the services AJ offers other hosts and get his advice for achieving financial freedom as an Airbnb entrepreneur!Topics CoveredHow AJ got into AirbnbListed girlfriend’s apartment for SuperbowlBooked every weekend until lease endedHow AJ grew from one listing to a property management companyRent apartment near NRG stadium specifically for AirbnbConverted to cohosting when got in trouble for listingAJ’s transition from a 9-to-5 to entrepreneurshipGood job as microbiologist for City of HoustonSaw how quickly could achieve financial freedom with STRRequires different mindset (nobody tells you what to do)AJ’s experience with quitting his jobTook leap of faith despite fearMotivate self on days feel downHow AJ found properties to manageCondos for sale on CraigslistSearch Airbnb Community ForumAJ’s current STR cohosting portfolio10 properties in HoustonAble to sustain self comfortablyWhat inspired AJ to add services for other hostsAugust slow month for STR in HoustonHelp others create listing, get bookingsAJ’s advice for aspiring Airbnb entrepreneursKnow your number to live comfortablyFind your lane + follow people doing what you want to doGet educated (i.e.: market research, podcasts and classes)Reach out to people with property/room availableHow AJ manages EA LodgingAutomate guest communication with Your PorterOptimize pricing for STR with PriceLabsCheck on units and touch base with ownersConnect with AJEA LodgingResourcesCraigslistAirbnb Community ForumYour PorterPriceLabsSTR Profit AcademySTR LegendsTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

What do top short-term rental (STR) operators from around the world have in common? This past summer, Eric Moeller and I hosted the STR Legends Live Mastermind in Puerto Rico, and we uncovered three buckets that successful Airbnb hosts focus on, whether their business is in South Africa or Siberia or San Diego. So, we are compiling this information in a three-part series and providing you with the blueprint to launch and scale a profitable STR business!Beyond partnering with me on STR Legends Live, Eric also serves as host of the Airbnb Mastery Summit, a program designed to help aspiring hosts build a professional and profitable business on Airbnb, and founder of Cohost Mastery, an online training academy that teaches you how to start an STR company without owning or leasing any properties. In addition, he runs his own successful vacation rental leasing and property management company in California.On this episode of Get Paid for Your Pad, Eric and I sit down to discuss our upcoming masterclass, STR Profit Academy. We offer an overview of the three pillars of a successful Airbnb business we plan to cover in the series—business, hospitality and mindset. Listen in for insight around who would benefit most from attending our live masterclass and learn the blueprint to launch and scale a successful STR business!Topics CoveredThe three-part masterclass Eric and I are putting togetherCompile personal experience with STR LegendsPillars necessary to build + grow STR businessWhat successful STR operators have in commonBusinessHospitalityMindsetPillar #1—Building the BusinessIdentify marketplace, property typeStrategic plan to set up for successProperties run like McDonald’sPillar #2—HospitalityStand out with unforgettable experienceUnderstand customer journeyManage through automationPillar #3—Entrepreneurial MindsetWilling to invest in personal growthThrive on challenges, competitionOvercome limiting beliefsWho should sign up for STR Profit AcademyJust starting out, struggling to get startedHosts looking to live life by designObsessed with Airbnb/short-term rentalsWilling to take action + grow as personConnect with EricCoHost MasteryAirbnb Mastery SummitEric on LinkedInResourcesSTR Profit AcademyEric on GPFYP EP285Eric on GPFYP EP278Eric on GPFYP EP256Eric on GPFYP EP175STR LegendsDavid KraussTony RobbinsThe Obstacle is the Way: The Timeless Art of Turning Trials into Triumph by Ryan HolidayTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

Vacation rentals have been around for a long time. But the advent of Airbnb put the industry on our radar in a new way, inspiring significant growth and change. And today, there’s an entire ecosystem of bespoke products and services that cater to the multibillion-dollar short-term rental (STR) industry.Evian Gutman is the Founder and CEO of Padlifter, the world’s largest marketplace of STR service providers. Evian created the platform to connect businesses in the Airbnb ecosystem with their target customers. Padlifter provides the most comprehensive directory of short-term and vacation rental service providers globally, enabling hosts to find the right services in the right place at the right time.On this episode of Get Paid for Your Pad, Evian joins us to discuss the development of the Airbnb ecosystem, explaining how the products and services have evolved with the expansion of the STR space. He describes several traditional industries that have adapted their offerings to serve the vacation rental industry and offers insight around the most innovative collaborations in the network. Listen in for insight around the potential for Airbnb to allow listing videos and learn how Padlifter connects stakeholders in the STR industry!Topics CoveredHow the Airbnb ecosystem developedVacation rentals on people’s radar with AirbnbExpansion to multiple booking platformsIncreasing number of services to meet demand115K vacation rental companies worldwideThe evolution of the STR industryDecrease in average length of stay (4 nights)Destination vs. urban travel to replace hotelWhy hosts list on multiple channelsAdditional exposure, marketing opportunityAvailability of channel management softwareTraditional services that evolved to specialize in STRCopywriting, listing optimizationData and investment supportLuggage and parcel servicesEvian’s insight around the most innovative companiesRight product for right person in right placeCollaborations, all-inclusive services (i.e.: property manager with in-house turnover)The potential for Airbnb to allow videoHigher expectations around Airbnb LuxeIntegration of video likely to trickle downHow Padlifter serves the STR industryWorld’s largest marketplace of service providersConnect businesses with target audienceSimplify lives of hosts, make more moneyConnect stakeholders (verification, reliability)Connect with EvianPadlifterEvian on LinkedInResourcesBeyond PricingTransparent DataInkifi Global Airbnb CapitalsAirDNAArchibnbAirbnb PlusAirbnb LuxeVRMA ConferenceSTR LegendsHOST 2019Eric MoellerTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

A lot of short-term rental hosts underestimate the power of effective guest communication. How well you convey the information your guests need has a big influence on their experience. And that, in turn, impacts the reviews they leave you on Airbnb. So, what does good guest communication look like? How often should you message your guests? And WHEN is the best time to send WHAT information?Today, I’m sharing an edited version of my Smartbnb Webinar on how to streamline your Airbnb guest communication. I explain why it’s crucial to communicate clearly with STR guests and offer advice on building relationships with voice notes and video.I walk you through the five aspects of successful Airbnb guest communication, discussing how to provide objective information that’s easy to understand—when the guest actually needs it. Listen in for an outline of my guest communication flow and learn how often to communicate with guests before, during and after their stay!Topics CoveredWhy guest communication is crucial on AirbnbInfluences guest experienceNo industry standards like hotelThe reasons for communicating with Airbnb guestsProvide information, facilitate optimal stayBuild relationship (more forgiving review)How we communicate as human beingsWords only small part of messageTone, body language more importantTips for building relationships with guests remotelyPhone call and/or send voice notesSend short video if can’t meet in personThe 5 aspects of successful Airbnb guest communicationAccuracy—objective information (e.g.: WiFi speed test)Timeliness—respond quickly + send info when need itDigestibility—present info in concise, appealing wayFrequency—send most important info multiple timesComprehensiveness—provide ALL info guest needsMy Airbnb guest communication flowSend welcome message immediately after bookingDeliver check-in instructions few days before stayResend address, check-in instructions as flight landsWelcome + resend WiFi password just after check-inHow often to communicate with guests during their stayReach out few hours after arrival for feedbackMessage guest morning after first nightCheck in every 3 or 4 days after thatCommunicating with Airbnb guests after their staySend thank you immediately after check-outReview guest right away, ask to reciprocateRemind guest to submit review after weekFinal reminder day before window closesResourcesSpeedtestHemingway EditorGrammarlySmartbnbHostfullyWhatsAppTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

Are you annoyed with your Airbnb guests or overwhelmed with the responsibility of managing your listing? If you’ve been a short-term rental host for a while now, you may be tired of answering the same questions and frustrated with guests who complain about things you can’t control. This condition is known as Airbnb hosting fatigue. So, what can you do about it? Can you prevent hosting fatigue from happening to you?Today, I’m doing a solo episode to discuss the issue of Airbnb hosting fatigue. I share my own experience with the phenomenon, explaining how I reignited my passion for hosting. I also offer insight around how outsourcing some activities and automating things like messaging, pricing, and task management can prevent STR hosting fatigue. Listen in to understand the problem with the Airbnb review system and get my top tips for finding the inspiration to stay engaged and continuing to improve your listing!Topics CoveredMy experience with STR hosting fatigueSuper-excited to host for first couple monthsComplaints, repeat questions got annoyingStarted to not care as much, ratings sufferedHow I reignited my passion for hostingLook for ways to change, improve (e.g.: Hostfully guidebook)Engage with guests through WhatsAppHow to prevent Airbnb hosting fatigueAutomate or outsource some activitiesHire employee to clean, check-in guestsThe problem with the Airbnb review system4-star hotel review = luxury, certain amenitiesAirbnb expects consistent 5-star reviewsHow I think about the Airbnb review systemOne bad review won’t kill STR businessTake feedback seriously, be professionalMy top tips for preventing STR hosting fatigueFocus on finding inspiration to improveCommunicate with other hosts (i.e.: Meetups, online groups)Shift focus by asking right questionsTake break from hosting if necessaryResourcesSmartbnbSmartbnb BlogJasper’s Communication Post on SmartbnbHostfullyWhatsAppSeth Porges on GPFYP068Seth Porges’ Article on ReviewsMeetupTony RobbinsJasper’s Smartbnb Webinar RegistrationHost 2019Get Paid for Your Pad BlogTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

“I vowed to change the company’s vision … from putting roofs over people’s heads to creating memories and stirring emotions.”It is easy to build relationships with guests when you have a small number of listings, and you can be there in person to check them in. But how do you keep that connection as you scale up to 50 units or more? What can you do to show people you care and maintain superior hospitality as your business grows?Steve Patterson is the President of UrHomeInPhilly, a short-term rental property management company based in Philadelphia, PA. UrHip is ranked #1 in customer experience on Google and was voted best place to stay in Philadelphia by Sweet Retreats. Steve is passionate about helping his guests create memories, and he has maintained Superhost status—even as his business has grown to 80-plus units.Today, Steve joins us to explain how he differentiates his STR business with outstanding service. He shares his struggle to achieve Superhost status, discussing what he learned at the Airbnb conference that improved his reviews. Listen in for Steve’s tips on building relationships with guests, even when you can’t be there to meet them in person, and learn what tech tools he uses to maintain exceptional hospitality while his business continues to grow!Topics CoveredHow Steve got into AirbnbWanted to move to suburbs but locked into leaseUse STR as strategy to not lose moneySteve’s experience at the Airbnb conferenceWanted to learn to be SuperhostSpeakers inspired to use CARE as catalystHow Steve differentiates himself with serviceCreating memories + stirring emotionsPersonalize stays around reason for travelHow to build relationships when you can’t meet guestsDemonstrate care (e.g.: balloon for birthday)Online tools to communicate through videoSteve’s insight around creating a high-level of serviceOnly as good as team on groundLearn about guest, find things in commonHow Steve scaled his STR business to 80+ unitsStandardize as much as possible (e.g.: flatware)Find reliable technology partnersHire virtual team to helpSteve’s top takeaways from STR Legends LiveLeverage processes to work fewer hours/weekDon’t be in rush to buy property (winter coming)Connect with SteveUrHomeInPhillySteven on LinkedInUrHip on FacebookResourcesEat, Pray, Love Author Elizabeth GilbertLoomBombBombWhatsAppSTR LegendsTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

If you have a small number of Airbnb listings, screening guests (and rejecting the bad ones) is not a problem once you know what to look for. But what if you want to grow your short-term rental business to 20, 50, or even 100 properties? What tools are available to STR rental managers to vet and monitor guests? How can you leverage effective screening to make more money AND acquire new listings?Anton Zilberberg is an STR Legend and property manager out of Toronto. He operates a portfolio of 100-plus properties through his luxury STR company, QuickStay, and serves as the Founder and CEO of Autohost, an AI screening tool for Airbnb guests. Today, Anton is back on the podcast to offer his advice on guest screening to STR managers who are looking to scale.Anton covers the risks property managers face, describing the scope of the fraud problem in the STR industry. He also weighs in on how effective screening increases STR revenue and gives property managers a competitive advantage. Listen in to understand Autohost’s multilayer verification process and learn how effective screening protects you, your business—and your neighbors!Topics CoveredThe fraud risks that property managers faceCredit card schemes + identity theft casesGun violence, escort services and drugsResell STR on dark webThe scope of the fraud problem in the hospitality industryAccounts for $150B annually1 in 20 bookings potentially fraudulentAutohost’s multilayer verification system for screening guestsDigital fingerprint determines geolocationChecks on ID, credit card and social channelsAnton’s insight on security solutions for STR managersInstall NoiseAware, security cameras, etc.Process in place for removing guestsEducate team on security and safetyHow to identify and deal with fake IDsUse ID verification systemCollect additional information (e.g.: social accounts, business email)Anton’s insight around complying with privacy lawsDo not store or share personal informationVerify accuracy, then dispose of infoHow effective screening increases STR revenueRemove booking restrictions, allow Instant BookRewarded with higher position in search resultsFewer gaps in calendar = less unsold inventoryAllows to accept locals (especially in off-season)How effective screening gives property managers a competitive advantageDemonstrate higher returns for ownersUse as selling tool to grow businessHow Airbnb screening compares to AutohostAirbnb verification at booking only9 vs. 2,000 verifications + testsAton’s advice for growing STR managersCreate systems to set expectations, monitor high-risk guestsVerify ID and phone number, charge security depositHow much it costs to use Autohost$1 to $10/screening based on services$5/screening for first 200 GPFYP listenersHow screening prevents problems for STR hostsHold people accountable (sue in court if necessary)Charge unverified guests with trespassingConnect with AntonAutohostQuickstayAnton on LinkedInResourcesAnton on GPFYP EP290Ernst & Young 2018 Global Fraud SurveyNoiseAwareSTR LegendsGet Paid for Your Pad on FacebookTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

If you’ve had a bad experience with a guest on Airbnb, chances are you did not screen that guest effectively. But if you know what to look out for and what questions to ask, it is fairly easy to determine which guests are likely to break your house rules—and which ones might be engaged in criminal activity like fraud or identity theft.Anton Zilberberg is the Founder and CEO of Autohost, a new AI tool for screening Airbnb guests, and QuickStay, a luxury short-term rental (STR) management company out of Toronto with a portfolio of 100-plus properties. Today, he joins me to explain why it’s crucial to screen would-be guests and walk us through the questions he asks to determine intent.Anton offers insight on the two types of risk, general and criminal, sharing the red flags to look out for and additional measures to take in minimizing your risk portfolio. He also weighs in on the pros and cons of different booking channels and discusses the risks associated with guests coming from Airbnb, Booking.com and VRBO. Listen in for the parameters Anton uses to establish a risk score for potential STR guests and learn how to handle cancellations for both instant bookings and booking requests on Airbnb.Topics CoveredWhy it’s crucial to screen your STR guestsAllows for sustainable businessResidential area not like hotel (e.g.: noise concerns)Anton’s screening questions for Airbnb guestsWhat is the purpose of your stay?Why are you interested in this property?Where are you traveling from?What is your experience with STR?Anton’s tips for screening potential STR guestsSet expectations at booking stageMake sure guest story makes senseGet indication of intent (i.e.: birthday party)Anton’s insight on the two types of riskGeneral risk (e.g.: rule violations, additional guests)Criminal activity such as fraud, identity theftPotential red flags for criminal activityOut-of-province phone #, long stay + high ADRNever answer phone but reply with SMSThe pros and cons of different booking channelsAirbnb good fraud detection, higher general riskcom high risk for fraud (establish processes)VRBO high general risk, less payment riskFactors to consider in determining general riskLength of stayBooking channelType of propertyNumber of guestsAverage daily rateDay of weekThe benefit of using Airbnb Instant BookNo penalty for cancellation with valid concernMore information to run guest risk scoreHow Anton handles Airbnb booking requestsRun risk score with information availableRun again once booking confirmedEstablish strict rules if score changesInvite guest to cancel for full refundConnect with AntonAutohostQuickstayAnton on LinkedInResourcesSTR Legends LiveNoiseAwareTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

Accommodations account for 40% of the global travel industry, bringing in a jaw-dropping $675B in 2018. And according to a recent report by Cleveland Research Company, accommodations also happen to represent the largest, fastest growing, and most profitable segment of the online travel market. So, how much of that $675B is credited to Airbnb and other short-term rental opportunities?Margot Schmorak is the cofounder and CEO of Hostfully, the SaaS company that helps short-term rental hosts save time, make more money and deliver a five-star experience by way of beautiful, personalized guidebooks for guests. Today, she joins me to discuss the Cleveland Research Company’s latest report on the global accommodations market, comparing the numbers for traditional vacation rentals and the sharing economy as well as the growth rates for each type of booking.Margot and I go on to cover the EU controversy around short-term rental transparency, explaining how Airbnb listings there are required to show the real price, fees included, from the start. Listen in for insight around Airbnb’s increase in Instant Book listings, the site’s new search tools for business travelers, and the recent launch of Airbnb Adventures.Topics Covered Article #1: Breaking Down the Global Accommodations and Vacation Rental Market·       Global accommodations market = $675B·       Vacation rentals 17%, sharing economy 6%·       Sharing economy growing at 30-40%·       Airbnb double revenue of Booking.com (same # of listings)Article #2: Airbnb Reaches Seven Out of Ten Properties Available for Instant Booking·       All listings on Booking.com book instantly·       VRBO/HomeAway 63%, Airbnb 70%·       Airbnb hosts screen after booking madeArticle #3: Airbnb’s Sale of an Around-the-World Trip Has Left Some Customers Angry·       12-week Around the World in 80 Days sold out·       Complexity makes difficult to scale, manageArticle #4: How to Earn Airline Miles & Points Through Airbnb·       Requested during Chesky Twitter chat·       Includes Delta, Qantas and ANAArticle #5: Airbnb Offers Greater Price Transparency in Europe After Regulatory Threats·       Required to show real price from start (with fees)·       Like to see worldwide implementationArticle #6: Airbnb Introduces New Search Tools for Business Travelers·       Work trip filter under stay type·       Listings highly rated by business travelersConnect with MargotHostfullyMargot on LinkedInResourcesArticle #1Article #2Article #3Airbnb AdventuresArticle #4Delta|AirbnbANA|AirbnbQantas|AirbnbInspiratoArticle #5Article #6Airbnb for WorkGPFYP Facebook GroupZapierRezfest2019 VRMA International ConferenceTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

Looking for ways to supplement your STR income? Chances are, most of your Airbnb guests are renting a car locally to explore the area while they travel. Why not make extra money by offering YOUR car on a site like Getaround?John William Johnson is the founder of Happy Healthy Long Life, an online store dedicated to products that promote health and wellbeing. He is also a veteran short-term rental host and runs a car sharing business through the site Getaround. John takes full advantage of his status as a digital nomad to travel internationally, often trading his pet sitting services for a free place to stay.Today, John joins me to discuss the process of renting cars on Getaround, explaining how the service differs from Turo and sharing his tips for optimizing a business on the site. He reflects on his 10 years of experience with Airbnb, describing how he evolved as a host and why he’s phasing out his STR business in Portland. Listen in for John’s advice on becoming a digital nomad and leveraging the sharing economy to generate income!Topics CoveredJohn’s decade of experience as an Airbnb hostListed room, then entire house in PortlandPhasing out STR business as rules changeJohn’s advice for aspiring Airbnb hostsMust like people, be willing to take riskTalk to guests before stay in homeThe process around renting cars on GetaroundPlatform installs device in carUser unlocks car with appRent by hour or day (e.g.: $6/hour, $36/day)John’s tips for optimizing a business on GetaroundPurchase older car OR electric carPark in well-trafficked locationHow insurance works on GetaroundCheck car after use, photos of damagePlatform sends check for repairsWhere John is looking to invest in STR propertyOpportunities in Spain, Portugal and AfricaResearch AirDNA + International LivingHow John trades pet sitting for a place to stayApply on sites like Trusted House SittersPick city and see what’s availableJohn’s insight on leveraging the sharing economyTrust your gut, not the gurusTake calculated risksConnect with JohnHealthy Happy Long LifeHealthy Happy Long Life on AmazonResourcesGetaroundTuroDrivyAirDNAInternational LivingInternational Living Real Estate Trend AlertTrusted House SittersHouse CarersRoverAmazon Seller CentralTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

What’s the biggest obstacle hosts and property managers face in growing a short-term rental business? For most, the frustration comes from the sheer volume of communication necessary to run a large portfolio of properties. But what if you could automate both your guest messaging and operations—without sacrificing personalization?Pierre-Camille Hamana is the founder and CEO of Smartbnb. the leading guest experience platform for short-term rentals. Pierre-Camille and his team are on a mission to support hosts and property managers in running their guest communications and operations at scale. Today, he joins me to explain how Smartbnb is expanding to offer its customers new functionality in terms of business metrics and automated operations.We discuss Smartbnb’s ability to automate personalized messaging and support multiple languages, and Pierre-Camille describes why Smartbnb is adding features to streamline the operations of a STR business and allow property managers to grow their portfolio across platforms. Listen in for insight around Smartbnb’s new metrics product and learn how Smartbnb can help you scale your own STR business!Topics CoveredThe fundamentals of SmartbnbHelp hosts deliver great guest experience at scaleServe 2K customers, 65K properties around worldHow Smartbnb automates personalized messagesMachine learning to detect common questionsAccess to data allows for customized replySmartbnb’s multiple language support featureSupports same 29 languages as AirbnbAdapts messages based on cultureWhy Smartbnb is expanding to include operationsIdentify pain points in talking to customersNeed to streamline operations as grow portfolioThe STR platforms Smartbnb integrates withAirbnb, HomeAway and VRBOIn talks with Expedia, Booking.comThe metrics product Smartbnb added last NovemberProperty managers need easy way to calculateOccupancy rates, time to respond, growth, etc.How much it costs to use SmartbnbFree trial for 14 days€15 or $18 per month for first 2 listingsFee for additional listings that generate revenueConnect with Pierre-CamilleSmartbnbPierre-Camille on LinkedInResourcesPierre-Camille on GPFYP EP125AirbnbHomeAwayBooking.comVRBOExpediaTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

Traditional real estate investing requires saving for a down payment and securing a bank loan before you purchase an asset. And this process limits how often you can add properties to your portfolio. But that is not the only way to acquire real estate, and Scott Glass contends that with a little creativity, you can own more properties and accelerate the growth of your STR listings!Scott Glass is a serial entrepreneur and real estate investor who manages 65 STR units in his native Canada, the US and the Dominican Republic. He has been active in the space for nine years and full-time for the last five. Today, Scott joins me to share his unconventional method of acquiring more properties more quickly, the land contract or seller financing strategy.Scott explains how the above-average cashflow of the Airbnb model supports land contracts and walks us through the process of finding FSBO properties and negotiating with owner-investors. Listen in to understand how Scott’s focus on larger properties helps him stand out on STR sites and learn how he leverages what he calls clustering to accommodate large groups and earn a premium on his listings!Topics CoveredScott’s background in the STR spaceActive nine years and full-time last fiveListings in Canada, US + Dominican RepublicWhat inspired Scott to pursue AirbnbUnconventional strategy to acquire propertiesSTR provides above-average cashflowWhy Scott uses land contracts or seller financingDeal directly with investor-ownerFind motivated seller living in different marketHow Scott finds seller financing dealsBasic research on Craigslist and ZillowSearch FSBOs by zip code (larger properties)The terms + conditions Scott proposesCash offer for significant discountZero down, balance of sale over 60 monthsScott’s success with the land contract strategyRecoup investment within two yearsOwn asset debt-free by year fiveThe fundamentals of land contractsTitle held by owner until final paymentValue-add in lieu of down payment/interestScott’s success in secondary marketsAttracts business travelers, tradesmenRecoup investment in 15 monthsHow Scott stands out on AirbnbLarge properties to accommodate groupsLess competitive and higher yieldScott’s cluster listing strategyList entire nine-unit building (i.e.: weddings)List entire floor (cluster of three units)List clusters of two 60 days outMake singles available 30 days outConnect with ScottScott’s Airbnb ProfileResourcesSTR Legends LiveCraigslistZillowTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

STR Legends Live hosted 25 top operators from all over the world. Attendees represented 10 countries on 5 continents, with a grand total of more than 1,000 combined listings. So, what can we learn from these Airbnb big fish running businesses at scale? What were some of our top takeaways from the mastermind retreat?Eric Moeller is the creator of Cohost Mastery and the cohost of STR Legends Live. Erica Beers and Rebecca Slivka serve as head of Operations & Finance and Customer Service & Business Development for Pillow and Coffee, a short-term rental company built on the master lease model that manages 100-plus listings. Today, Eric, Erica and Rebecca join me to share their top lessons learned from STR Legends Live, discussing the guests’ willingness to connect and learn from each other. Erica and Rebecca describe how the quality of operators differentiated this event from other vacation rental conferences and offer insight around finding your niche in the short-term rental marketplace. Eric weighs in on what he learned in terms of scaling with intention, addressing the importance of adding listings that fit your business model. Listen in to understand how defining your guest avatar makes other decisions easier and learn how you can leverage systems to grow a successful STR business!Topics Covered Eric’s top takeaways from STR Legends Live·       Similar challenges regardless of location·       Willingness to share + learn togetherWhat made STR Legends Live different from other conferences·       Everybody brought value (quality of operators)·       Opportunity to connect, learn from each otherErica & Rebecca’s advice for growing the master lease model·       Build relationships with owner/operators·       Solve pain points (i.e.: maintenance, vacancies)·       Negotiate contract as business partnersHow Erica & Rebecca choose properties·       Goal = $800 to $1K per month per unit in profit·       Understand market (e.g.: seasonality, average daily rates)Erica & Rebecca’s tips for finding your niche·       Define guest avatar to make other decisions easier·       Analyze marketplace for needsEric’s insight on intentional growth·       More listings don’t necessarily mean more money·       Choose properties that fit defined business modelHow Erica & Rebecca can add a new listing in a couple of days·       Designer selects furniture + décor to fit brand·       Standard queen bed and appliances·       Systems for onboarding to booking software·       Team executes on checklist (i.e.: utilities, internet)My top takeaways from STR Legends Live·       Inspired by professionalism and systems·       Benefits of entrepreneurial mindsetConnect with EricCohost MasteryAirbnb Mastery SummitEric on LinkedIn Connect with Erica & Rebecca Pillow and CoffeeAirbnb GirlsErica on LinkedInRebecca on LinkedIn ResourcesAirDNATo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

Jot down your top three travel experiences. What made your stay so special? If you are looking for inspiration to create a unique Airbnb, considering what you appreciated most about those spaces is a good place to start.Nadia Rodriguez is a property appraiser and successful Airbnb Superhost with an upscale listing on the beach in San Juan, Puerto Rico. Today, she joins me to discuss where she goes for the design inspiration that makes her Airbnb stand out.Nadia describes her design aesthetic, explaining how her taste aligns with that of hotelier Liz Lambert and how she was inspired by a recent visit to Hotel San José in Austin. Listen in for Nadia’s insight on taking the guest’s sensory experience into consideration and get inspired to create a unique Airbnb of your own!Topics CoveredHow the infrastructure has improved in Puerto RicoContinue to rebuild after Hurricane MariaSignificant improvement in streets, electricNadia’s advice on where to find design inspirationFind aesthetic you enjoyFollow designers on Instagram, PinterestWhere Nadia gets inspiration + ideas for her AirbnbAttracted to aesthetic of Liz LambertBring hotel experience to STR (e.g.: bathrobes)How Liz Lambert’s hotel design resonates with NadiaRetro with modern twist, Spanish villaBalance space with warm + cold materialsHow to improve your STR guest’s sensory experienceIncludes sight, touch and smellMake choices that consider allOther factors that contribute to Nadia’s successRemain calm, collected under pressureMake guests feel safe + be availableConnect with NadiaLAKASALAKASA on InstagramEmail [email protected] on GPFYP EP238Liz Lambert on InstagramHotel San JoséBunkhouse GroupAloft BangkokShangri-LaSTR Legends LiveFollow GPFYP on InstagramJoin the GPFYP Email ListSimon on GPFYP EP277Beyond Pricing [Discount Code GP4YP]Jasper’s STR InvestmentsTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

87% of consumers prefer to work with businesses that align with their values. So, how can we create a social impact as Airbnb hosts? How do we attract guests by doing good?Lynn Thurston is the founder and principal at Watersound Management, a firm dedicated to helping business owners develop social impact initiatives. With 20-plus years of experience as a social impact professional, Lynn often speaks on the topics of strategic planning and marketing, presenting at the VRMA International Conference, among many other venues.Today, Lynn joins me to share what it means to make a social impact and discuss the benefit of making social responsibility a part of your STR business model. Listen in on Lynn’s ideas for demonstrating social responsibility as an Airbnb host and learn her three-step approach to identifying opportunities to create a social impact in your community—AND attract guests to your Airbnb!Topics CoveredLynn’s insight on the definition of social impactRelated to broad social issues (e.g.: poverty, education, clean energy)Businesses engage in social issues in local communityThe benefit of growing a social impact businessConsumers prefer businesses that align with valuesOpportunity to do something goodHow an Airbnb host might demonstrate social responsibilityRecycle, use green cleaning products and sensor lightsRecommend restaurants based on values (i.e.: organic, green)Become member of local organizations, volunteerSuggest socially responsible activities to guests (e.g.: plogging)Provide free accommodations during conferencesHelp organizations generate additional revenue for causeLynn’s approach to identifying social impact opportunitiesFind alignment of values between you + your guestsUpdate owner profile, rental description with social initiativesInitiate social impact partnership with local NGOConnect with LynnWatersound ManagementEmail [email protected] on VRMintelResourcesVRMAVerizon Ad ‘Love Calls Back’To subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

Artists and creatives need space to work their magic, and a unique Airbnb can offer the perfect backdrop for a photo or film shoot, a podcast recording, or even a pop-up art show. But it can be costly to rent a listing overnight, especially if you only need the space for an hour or two. So, how can STR hosts collaborate with local creative entrepreneurs to make the most of the space available AND support the arts in their community?Sid Kosatsky is the founder and CEO of HostOften, a vacation rental property management firm based in Halifax, Nova Scotia. Today, he joins me to discuss his new venture, CollabOften, a partnership with local artists and creative entrepreneurs. Sid shares the process he has developed to allow photographers, podcasters and filmmakers to use his units for free in the slow season and between guests.Sid also explains the value he gets from the collaboration, describing how local creatives have become brand ambassadors for HostOften. Listen in to understand how Sid manages the risk involved in hosting artists between guests and learn how you might collaborate with local creatives to make the best use of your Airbnb! Topics CoveredSid’s idea to host artists + creatives in his unitsAvailability in slow season and between guestsUse spaces to record podcasts, do photo shootsThe rules creatives follow to use Sid’s units for freeUse space after cleaning from 1 to 3:30pmComplete checklist (e.g.: no trash, clean sink)Submit photos to get security deposit backHow Sid thinks about risk managementBuild trusting relationships with creatives‘They don’t want to let us down’The value Sid gets back for collaborating with artistsThousands of listing, lifestyle photos of unitsFree advertising on Instagram (tag @hostoften)Part of creative community in HalifaxSid’s CollabOften page on the HostOften websitePhotos + videos of recent collaborationsTestimonials from artists, entrepreneursSid’s unique RetroBnB listing on HostOften1980’s theme (i.e.: video games, monitor TVs)Provides marketing boost, priced 15% higherConnect with SidHostOftenHostOften on InstagramCollabOftenRetroBnBResourcesSid on GPFYP EP248Sid on GPFYP EP193To subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

One of the most challenging aspects of growing a short-term rental property management business is managing host relationships. How do you decide which property owners to work with? How do you build trust with hosts early on? What is the best way to onboard new clients so that they understand your process?Zac Rushton is the co-owner and Host Relations Specialist at Great Dwellings, a DC-based property management company that helps homeowners maximize their Airbnb and short-term vacation rentals. In his role, Zac has grown the Great Dwellings portfolio from 20 to 80 listings in less than 12 months! Today, he joins me to discuss how he keeps property owners happy, sharing the Great Dwellings onboarding process and addressing how the team builds trust with new clients.Zac explains the Great Dwellings client selection process, describing how he attracts leads through SEO optimization and what standards a property (and its owner) must meet to be a part of the portfolio. Listen in for Zac’s insight on the functionality of the Wishbox guest experience platform—and learn how to best manage host relationships as you scale a STR business on Airbnb!Topics CoveredThe Great Dwellings onboarding processSet expectations + provide as much info as possibleUnderstand payout schedule and owner statementHow Great Dwellings clients have changed over the yearsLittle experience with short-term rentals in 2015Now familiar with Airbnb and want to outsourceThe challenge around customizing processes as you scaleDifficult to break workflow for one or two clientsExceptions rare but possible depending on clientThe Great Dwellings client selection processQuality of property, potential nightly ratePersonality of property owner (15-minute call)How Great Dwellings attracts new clientsOptimize SEO (Airbnb property management DC)Rank near top on Google, generate hot leadsHow Great Dwellings handles properties that are not ready for STRPresentation after walk-through to show standardOffer design/staging services for those who need itHow Wishbox prevents subpar reviews on AirbnbFeedback part of checkout checklist (cleanliness, staff + overall)5-star reviews link to Airbnb page, < 5-star reviews do notThe other Wishbox functionalities that Zac likesCheck-in checklist w/ anticipated arrival timeUpsells (e.g.: airport transportation, laundry service)What’s on the horizon for Great DwellingsMaster lease for 12 units in Playa del CarmenExpand to Dominican Republic, Lynchburg, VAConnect with ZacGreat DwellingsZac on LinkedInResourcesWishboxMaximizing Profit on GPFYP EP280Kelvin Mah on GPFYP EP276RankbreezeBelong HereTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

We know that special events afford Airbnb hosts the opportunity to make extra money on the platform. But how do you decide how much to charge for your listing? When do guests start making reservations for events like the Super Bowl or SXSW? Are there ways you might earn additional revenue by offering add-on services?Tyler Olson is the founder and CEO of Away Agents, a unique property management startup out of Minneapolis that specializes in short-term vacation rentals. Tyler’s team provides homeowners with the tools to optimize their listings and bring out the best in every property. Today, Tyler joins me to discuss the origin of the company and explain how he maximized profits during the Super Bowl to earn an impressive $50K!Tyler addresses how he determines pricing for special events and shares the additional services he offered Super Bowl guests to bring in additional revenue. Listen in to understand Tyler’s process of finding landlords who allow short-term rentals and get advice around capitalizing on special events to maximize profit on Airbnb.Topics CoveredThe origin of Away AgentsStart business with University of Minnesota internRent apartment in downtown Minneapolis July 2016Made $5K in first month on $1500/month leaseAutomated operations processes with GuestyExpanded to 8 units by Fall 2017The additional services Tyler offered during the Super BowlStocked refrigeratorsDrivers and bodyguardCold-weather gearHow Tyler determined pricing for the Super BowlStudied averages for last 2 yearsBased on premium end of spectrumHalf booked year in advance (15X rates)Average of $1500/night, total of $50KMinneapolis’ Super Bowl Airbnb statsEstablished Airbnbs booked out by MarchListings jumped from 600 to 4KWave of bookings in summer + 2 weeks priorTyler’s tips for creating a winning Super Bowl listingEstablish listing year in advance to build reputationCreate separate listing with ‘Super Bowl’ in titleOptimize listing to rank high on AirbnbHow Tyler finds willing landlordsResearch # of open units in advanceOffer to take off hands for permission to do STRDiscuss zoning, insurance, security, etc. up frontTyler’s advice for new hosts looking to capitalize on special eventsQuality of listing comes firstConsider offering additional servicesTyler’s experience with the Turo car sharing sitePut winter car on site, earned $900/month ($300/month lease)Added cars in Minneapolis + expanded to DenverPartner with Hassle-Free Car management teamAverage daily rate decreasing as supply growsConnect with TylerAway AgentsTyler on LinkedInTyler on TwitterTyler on FacebookResourcesGuestyTuroHassle-Free CarConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadAirbnb News Facebook GroupTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

How do you go from managing a single vacation rental to 50? Alma Bair got her start renting out her family’s luxury villa in Puerto Rico. Before long, neighbors in Dorado Beach asked her to take on their properties, and the business grew organically by word of mouth from there. So, what challenges has she faced in scaling up? How does she market and manage her listings remotely? And how is she working to customize the guest experience?Alma is the founder and Chief Joy Officer at Paradise Villas & Vacations, a short-term rental management company based in Dorado, Puerto Rico. Today, she joins me to explain how her own vacation in Puerto Rico 16 years ago grew into a vacation rental management business. She shares the challenges she has faced in scaling up, from finding a sufficient reservation management system to working with owners who cancel bookings.Alma also discusses her goal to be less dependent on third-party platforms for marketing her business and her luck in finding an outstanding hospitality professional to handle guest services. Listen in for Alma’s insight on delighting guests with a unique experience and learn why it’s beneficial to partner with a local destination management organization!Topics CoveredHow Alma got into managing vacation rentalsBought own vacation home on Dorado BeachDonated to local charity 6 weeks/yearBusiness grew from outside inquiriesHow Alma grew from 1 to 50 vacation rentalsNeighbors ask to manage their villasOrganic growth by word of mouthHow Alma gets paid for her management servicesTake percentage of revenue in most casesExperimenting with fixed income modelThe challenges Alma faces in scaling her businessScaling reservation management systemWorking with ownersHow Alma manages her calendars without softwareProcess to update manually on other platformsRemote support assistant in Philippines to helpHow Alma markets her vacation rentalsMonthly newsletter to database of 8KThird party platforms + own websiteHow Alma manages her vacation rentals remotelyGuest services professional on call 24/7Locally networked and bilingualAlma’s insight on the value of becoming a local expertMatch expectations with reality of vacationProvide offerings in related activities (e.g.: extreme adventures)Partnering with a destination management organizationAccess to analytics about marketplacePR, media outlets and social mediaConnect with AlmaParadise Villas & VacationsAlma on LinkedInResourcesKeys to BaliRené of Keys to Bali on GPFYP EP215STR Legends Live Retreat in Puerto RicoDiscover Puerto RicoVRMA International ConferencePROSTATE 1000Donate to Jasper’s PROSTATE 1000 Bike RideConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadAirbnb News Facebook GroupTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

There are any number of forums and online groups for short-term rental hosts. But Airbnb operators who manage 25-plus listings don’t seem to have a community where they can share the unique challenges of scaling and managing a vacation rental business with multiple units. Enter STR Legends Live Mastermind Retreat, an epic live event planned for this summer in Puerto Rico.A master at organizing live and online events, Eric Moeller is the host of the Airbnb Mastery Summit, a platform where he interviews top experts in short-term rentals and real estate from around the world, and the creator of Cohost Mastery. In addition, he serves as the founder and CEO of Homtel, a luxury, short-term rental leasing and hosting company out of California. Eric also happens to be helping me cohost the upcoming STR Legends Live Mastermind June 27 through July 1, 2019.Today, Eric and I explain why we organized STR Legends Live, describing the need for a community of established operators focused on scaling a professional short-term rental business. We discuss the topics covered at the retreat, who can apply, and what attendees can expect at the event—including a villa on the beach, personal chef and mind-blowing excursion. Listen in for insight around how you can benefit from the mastermind (even if you can’t attend) and learn how getting involved in a community of operators can help you grow your own Airbnb business!Topics Covered The impetus behind STR Legends LiveCommunity for established operators of multiple unitsFocus on growing professional business, finding clientsOpportunity to network + share ideas and challengesThe topics we’ll cover at the retreatBest tech to manage calendars, pricing, etc.Growth challenges, strategies to scale businessWho’s invited to apply for the eventOperators with 25+ units in position of growthProperty managers and developersThe sponsors and presenters scheduled for STR Legends LiveNoiseAware and Organized GainsTalking to Booking.com, Properly The particulars of STR Legends Live in Puerto Rico11BR villa on beach near San JuanRuns from June 27 to July 1$3500 all-inclusive fee ($1K deposit)How small operators can get involved in STR Legends LiveIntroduce lead for all-access pass to content$250 reward if lead chooses to attend Connect with EricCohost MasteryAirbnb Mastery SummitEric on LinkedInAirbnb Profit Club on Facebook ResourcesSTR Legends Live RetreatEric on GPFYP EP175Eric on GPFYP EP256NoiseAwareOrganized GainsBooking.comProperlySimon on GPFYP EP277Connect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadAirbnb News Facebook GroupTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

Airbnb is a momentum game. The more bookings you get, the more users see your listing in search results. Build a solid reputation, and you become one of the top Airbnbs in your city. But in order to get those initial bookings and build that momentum, you have to make it as easy as possible for guests to book your Airbnb!My friend, Simon Lewis, lists his home in Cape Town, South Africa, and it’s a beautiful space in an ideal location. Unfortunately, his bookings have declined in recent months. Today on the podcast, we’re taking a look at his listing to find out why.First, Simon describes the features of his Airbnb, explaining what makes it special and how it’s managed currently. We debate the pros and cons of allowing one-night stays, and Simon explains why he’s hesitant to set his listing to Instant Book and relax his cancellation policy. We also discuss simple ways to improve your position in search results, like changing the order of your photos and maintaining your calendar. Listen in for our plan to improve Simon’s results on Airbnb and learn how to build momentum for YOUR listing so it ranks near the top!Topics Covered An overview of Simon’s Airbnb in Cape Town1BR by beach in desirable areaSlow during winter months (May—August)Friend does check-ins, local cleaning co.The benefits of using the Instant Book settingAirbnb promotes listing in search resultsBuild momentum as reputation growsWhy Simon is hesitant to use Instant BookFear of theft from personal homeAvoid bad reviews by talking to guest firstHow you can protect yourself AND use Instant BookUse Airbnb Resolution Center for stolen itemsAllowed to cancel booking 3X penalty-freeSet conditions for who can Instant BookTips for maintaining your Airbnb calendarOpen up for booking full year in advanceUpdate daily to demonstrate accuracyHow to order photos for your greatest advantageUse collage of photos in first positionFirst 5 should show different spacesResearch nearby listings + stand outOur plan to improve Simon’s results on AirbnbSet listing to Instant BookMaintain calendarReduce minimum stay to one nightChange order of photosShift to flexible cancellation policyHow to handle requests for early check-inAllow guests to leave bags while cleaningRecommend nearby restaurants, shopping Connect with Simon Simon’s Airbnb ListingSimon on TwitterResources Get Paid for Your Pad on YouTubeGet Paid for Your Pad BlogGet Paid for Your Pad Email ListConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadAirbnb News Facebook GroupTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

Today I chat with Kevin Mah, founder of Rankbreeze. Kevin is an Airbnb SEO specialist and he did a study to find out how Airbnb personalization affects search results. Airbnb's search algorithm takes into account the user's unique profile when calculating which listings to show. Factors include historic data such as what listings the user has clicked on in the past and historic bookings. Here are some takeaways from the study Kevin performed. 1. The longer a user spends viewing a listing, the more likely Airbnb is to show that listing again. This suggests that it's beneficial to have a large number of photos and a wordy description to increase the time that potential guests spend viewing your listing.  2. The personalization effect is smaller for listings that typically rank on the first page. In other words, no matter the user profile, certain listings are always shown by Airbnb. Listings that rank on lower pages have more variability. This confirms the importance of getting to the first page.  3. Airbnb refused to move listings with poor photos up the search results, no matter how often they were clicked on. This reinforces the importance of having high quality photos on your listing. Connect with KelvinEmail: [email protected]: RankBreezeMore info: Rankbreeze Review Connect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadAirbnb News Facebook GroupTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

In today's episode I discuss news updates in short term rental land with Margot Schmorak, CEO of Hostfully. Items discussed: Skift Forum Europe: Airbnb Is Doubling Down on ExperiencesThe Airbnb Invasion of BarcelonaAirbnb Leads $160 Million Investment Into Hospitality Startup LyricAirbnb improves security deposit featureSTR Legends Live Hosted on Acast. See acast.com/privacy for more information.

Today I chat with John Oden, superhost with properties in Nashville and Florida. John hosts his properties with his wife Ellen under the brand Stay in the South. He's a firm believer in offering his guests the best hospitality possible by creating outstanding guest experiences. Here's how he does it.We really focus on building a great guest experience, and we do so by making sure we absolutely nail the basics. Cleanliness is #1 - we are fanatical and impress that upon our housekeepers, who are wonderful. Getting our technology right - the fastest WiFi we can get in every property. We have just gone through a round of HD-TV updates where we have a HD-TV with cable and WiFi in every living room and each bedroom. The last two homes we updated, we went with 4K TVs.Coffee! Guests love it - we have a Keurig coffee system in each property and are also adding a secondary drip coffee maker in each property for those who prefer it.Lighting - we use LED lighting everywhere, inside and out. Almost eliminates bulb changing. Dusk-to-Dawn lights outside, and festive string lights over the outdoor courtyards and decks. Prior to guest arrival, we have all the TVs on, and have the place lit up so the guests arrive to a bright and lively space. Especially important when guests arrive after dark so they aren't trying to find their way through the shadowsBeverages - we provide bottles of water in the fridge, coffee service with sweeteners, creamers, tea bags, tea kettle.We also ask about guests preferred beverage, maybe a bottle of red or white wine, craft beers or even something totally different. We have that waiting upon their arrival.Personal hand-written note in the guest book, welcoming the guest by name, thanking them for booking with us and encouraging them to call or text anytime if they have a questionWe contact our guest immediately upon booking, or even inquiry, and offer our local expertise to help them find things they might not find on their own. We ask them about their plans and things they would like to see and do, and make suggestions based on our local knowledge.We communicate multiple times before, during and after the guests stay.We publicly respond to every guest review, 93% of which are five-star. We thank the guest for choosing our place and booking their stay, thank them for their kind words and for taking care of our place.We don't sweat the small stuff. Glasses get broken occasionally. Towels or linens get a stain, or small items go missing. The cost of these things in trivial in the big picture, and we'd never try to recover costs from guests from these small issues. Cost of doing business.My goal is to respond to every inquiry, booking or question in less than five minutes. With phone, text, email, and OTA apps on my smartphone in my hand, I hit this goal most of the time. Always within less than an hour. Typically within minutes.We aim to build a relationship with our guests from first inquiry. We aim to begin building goodwill long before the guests arrive at our property. By the time they arrive, we have a relationship, and this helps if problems come up (Internet outage, house mechanical issue, etc) and if an issue does arise, we get on it immediately.We realize we can't make everyone happy all of the time. When we have the (very rare) unreasonable guest, we deal with them graciously, and let it go.We care about our community. Every one of our properties was an abandoned disaster when we acquired. We have saved all of our properties from abandonment and have returned them to a beautiful state, which increases the value of the entire community. We make it clear that our houses are not party houses, that quiet hours are to be observed and that we expect guests to be respectful of our neighbors and neighborhood. Hosted on Acast. See acast.com/privacy for more information.

Today I chat with my good friend Jesse Krieger, who helped me publish Get Paid For Your Pad in 2014. Jesse has since grown his publishing business and has published over 50 books. But the topic for today is how Jesse rents out his primary residence in Las Vegas on Airbnb when he is out of town.Jesse has branded his listing as "The Publishing Palace" and makes the listing stand out by having a primary photo that shows his backyard during a wedding party.He also has given his home a lot of character by having themed rooms each with its own mural (created by former podcast guest Annie Kim, see podcast episode 245, How to Integrate Art in Your Airbnb)Jesse also shares how he almost missed a flight after his neighbour pranked him into thinking his guests were throwing a massive party at his house.Enjoy!Connect with JesseEmail: [email protected] Listing: The Publishing PalaceWebsite: Lifestyle Entrepreneurs PressConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadAirbnb News Facebook GroupTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

It's that time of the year again, the deadline for filing US taxes is April 15th. Reason enough to invite Miguel Centeno on the show to explain what Airbnb hosts need to know when filing their taxes and how they can avoid paying the IRS too much of course.In addition to taxes, we also talk about investment insights that Miguel has gained over the years by filing the taxes of thousands of Airbnb hosts all over the US. One observation he has made is that a lot of his rural clients are outperforming those located in the big (sub)urban areas such as New York and Los Angeles.Miguel has also personally joined the Airbnb tribe as he has invested in a beach front property in Baja California. We discuss the purchase process, the approach to renovating the property and the performance that Miguel is expecting.Last but not least, Miguel is offering listeners a $50 discount on tax filings. Go to https://sharedeconomycpa.com/gpfyp/to take advantage of this offer or simply mention that you've listened to this podcast. Connect with MiguelEmail: [email protected]: https://sharedeconomycpa.comConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadAirbnb News Facebook GroupTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

Today's guest is Jeremy Mays, CMO and co-founder of GuestBook. He and his team have recently released an eBook called "108 Tips, Tricks, Ideas & Techniques For Property Managers." (Download a free copy here).I have read the entire book and selected my favourite tips from every category and discuss these with Jeremy.HospitalityLeave hand-written thank you notes at the propertiesSmell – Vanilla is a great smell. Wall plug ins. Candles and various air fresheners.Scaling your businessMeet with Investor Organizations: A major portion of the local vacation rental inventory may be owned by a group of investors. Find out more info about these groups and market to them as it might equate to multiple units, not just one here or there.Develop a presentation that you give to all prospective clients: Develop a great “pitch deck” that talks about the many reasons why owners should pick your company over others.Team Building & ManagementALWAYS show your staff how much you appreciate them: Your team is on the front lines and always be doing things to thank them for their hard work.CommunicationsI would recommend setting up a back end group chat on instant messaging apps like whatsapp / telegram as almost everyone uses it these days.EfficiencyHave plenty of sheets, towels available so that you don’t have to do the laundry in the short amount of time between staysInterior DesignInclude a luggage rack. It will save your furniture from dirty suitcases and bags and it’s great to help guests pack / unpack.General operationsFoster Positive and Lasting Relationships with residents and owners. Always be thinking of ways to surprise or bring a smile to your ownersProfitabilityFill up calendar gaps by offering your guests to extend their stayMarketingMake short videos about what makes your market unique: Interview local restaurants, best surf spots, best hiking trails, local hang outs, surf shops, best sushi place in town and all points in between. Promoting these hot spots will drive traffic to your site and also result in more units and more bookings.Connect with JeremyEmail: [email protected]: GuestBookConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadAirbnb News Facebook GroupTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

Airbnb acquires Hotel Tonight Hosted on Acast. See acast.com/privacy for more information.

Detailed report on how this Airbnb in Cali is doing Hosted on Acast. See acast.com/privacy for more information.

Illegal hotel business sued by NYC, Airbnb focusses on China & India Hosted on Acast. See acast.com/privacy for more information.

Today I talk to Alexander Limpert, CEO and founder of GuestReady, one of the leading property management companies for short term rentals.Alexander used his experience working for Food Panda to start GuestReady. His vision was to create a system that would allow him to scale the business quickly. As part of this vision he built in-house software to manage the units, which was crucial to his success.Alexander plans to make this software available to other property managers in the future to help them expand their business.Topics include:* Why Alexander started Guest Ready* Why he chose to start in multiple locations in different continents* The biggest challenges he faced building the business* How he scaled from 0 to a 1000 listings in less than three years* How he has managed to achieve close to five star ratings across all his listingsConnect with AlexanderEmail: [email protected]: www.guestready.comConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadAirbnb News Facebook GroupTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

How to make money renting out RVs Hosted on Acast. See acast.com/privacy for more information.

In today´s episode I talk with Blake, Airbnb host in Melbourne. He appeared on the podcast in October, when we talked about the Airbnb plus application process. Blake has two listings in Melboune, one regular Airbnb listing and one Airbnb Plus listing. We chat about how Airbnb plus listings differ from regular ones. Blake has a lot less control over what´s being displayed in his plus listing.The description is almost entirely composed by Airbnb. The order of the photos that are being displayed is also determined by Airbnb. Not by actual employees, but by an algorithm.As a result, the cover photos for each of the spaces in his listing, such as the bedrooms, the kitchen and the living room, are not the best pictures to show. The way that Airbnb selects the order of the photos seems to be completely random.There´s also no place to add captions, instead Blake can only select a few characteristics of what´s being showed in the photo.Check out Blake´s Airbnb Plus listing Connect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadAirbnb News Facebook GroupTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

The year 2018 was a very interesting one for Airbnb. In today´s podcast episode I discuss the major events that took place within the world of Airbnb with Margot Schmorak, CEO of Hostfully.What happened in 2018Airbnb hides guest profile picturesAirbnb tops 1B revenue in 2018 Airbnb shifts towards a focus on professional operators in an effort to grow horizontally Introduction of Airbnb Plus and Airbnb SelectSeveral changes in the executive board What didn´t happen in 2018 Airbnb didn´t IPO but expected to do so in 2019The Airbnb Open didn´t take place and probably won´t in the future eitherThe much requested loyalty program wasn´t introducedConnect with Margot Email: [email protected]: www.hostfully.comConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadAirbnb News Facebook GroupTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

In the last podcast episode of this year I talk with Tarus and Yolanda, the owners of The Nelson Manor. This boutique luxury vacation rental is located in the Washington DC region and consists of three rental options:*The Annapolis Apartment, a one bedroom unit in the basement*The Maryland House, a five bed two bath luxury home*The Nelson Manor which consists of The Annapolis Apartment and The Maryland HouseYolanda and Tarus used Lodgify to create their own vacation rental website. Their goal is to attract more direct bookings and not be dependent on third party sites such as Airbnb.In order to grow their customer base, Tarus and Yolanda collect email addresses from their guests and send out regular promotional offers and updates on their property and events.They use Facebook and Instagram to connect with their clients and to spread the word about their business.Special offer: Use promo code GP2019 to get 20% off your stay at the Nelson Manor.Connect with Tarus and YolandaEmail: [email protected]: The Nelson ManorInstagram: @thenelsonmanorFacebook: https://www.facebook.com/thenelsonmanor/Connect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadAirbnb News Facebook GroupTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunes or Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

I have invested in three short term rental properties after I sold my apartment in Amsterdam in 2017. In today's podcast I provide an update on these investments.The properties are:*Penthouse in Cali, Colombia*Studio Villa in Carabao, the Philippines*Studio in a condo in Bang Saray, Thailand (blog post coming soon)I also go over the three most important decision factors I used to select these properties:Short term rental regulations (now and future)Amount of time I can see myself spending at the property Expected return on investment (10%+)I share updates on the construction of the properties as well as the results so far and what my expectations are. For an overview of the three properties check out my investments.  Hosted on Acast. See acast.com/privacy for more information.

The desire for more and exceptional accommodation is something that many tourists long for and expect when planning their next holiday. Luxury villas and condos have long been an expense that many travellers are happy to splash out on in order to avoid the confinement of a typical 5 star hotel suite in order to have a more unique, Instagram-worthy experience. Even Airbnb has taken steps to play in this area with Beyond by Airbnb, following the acquisition of Luxury Retreats just over a year ago offering the platform's highest-end homes as well as Airbnb Plus, which includes 2,000 design-forward homes in several cities all over the world.One of the most sought after destinations for luxury travel is Palm Springs, a city in southern California best known for its hot springs, stylish hotels, golf courses and spas and of course the world famous music and arts festival Coachella.In today's episode I chat with David Crosta, the co-owner of 5 Palm Estates and Palms at Park, luxury villas that cater to the most discerning clientele and providing private pool, spa and fire pit plus luxury toiletries and a Chef-ready kitchen with service for 10 (just to name a few of the amenities provided).Topics we discuss include:* how do you go about building short term rental villas from the ground up* Most important challenges he faced* Factors that contributed to his success* Why David thinks it is essential to have your own websiteIf you would like to explore David's properties, you can learn more by following the links below:5 Palm EstatesPalms at ParkConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadAirbnb News Facebook GroupTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunes or Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

When it comes to Airbnb, one of the most important things you can do is make sure your listing is properly optimized! It's not just about being able to achieve better rates during busy season, but can also boost your listing's visibility year-round.Getting more views is a great thing, but that's not all I'm talking about. Driving views to your listing aren't fully successful unless you're generating interest too. The booking flow of Filtering → Searching → Peacock or bookmarking → Clicking → Convert (Booking). You want to also create enough interest to draw people in.There are several factors that Airbnb use to determine your ranking in the search results including pricing, availability, featured image quality, review quantity, response time and amenities just to name a few.In today's episode I chat with Kelvin Mah, the founder of Rankbreeze.Rankbreeze is a great tool that allows hosts to monitor their Airbnb search rankings and visibility to not only help improve rankings but increase occupancy. We discuss 28 of Airbnb's ranking factors and the best actions you can take to improve your position within Airbnb search results.You can  Sign-up for Rankbreeze by following the link.Connect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadAirbnb News Facebook GroupTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunes or Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

Interview with Lodgify co-founder Dennis Klet Hosted on Acast. See acast.com/privacy for more information.

During my travels around the world I've met some really interesting people, and Matt Ward is one of them. Matt Ward is an angel investor, serial entrepreneur, startup advisor and many more things. He also runs FringeFM, a podcast about exploring the edges of human understanding and exponential technologies to help create a more abundant, long term focused future. Matt has stayed in Airbnbs in different parts of the world for over three years and he shares his experiences and advice for hosts, such as the importance of standing out.Other topics include:How travel transformed Matt´s life and helped him build a "Lifestyle" $1M Business Why he wants to live to be 153 and how fitness and diet have impacted his life Hosted on Acast. See acast.com/privacy for more information.

Airbnb recently decided to make changes regarding the visibility of the profile pictures of their users. In the future, hosts won’t be able to see the photos until a booking has been accepted. Here’s a quote from the press release:"Moving forward, rather than displaying a potential guest’s profile photo before the booking is accepted, hosts will receive a guest’s photo in the booking process only after they’ve accepted the booking request. Airbnb does not require all guests to provide a photo. Instead, we’ll be giving hosts the option to ask their guests to provide a profile photo, which will only be presented to hosts after they accept the booking."The reason Airbnb made this change is because they don’t want hosts to reject a booking request based on the physical appearance of the guest. In particular, they don’t want hosts to discriminate based on race. I’m sure racial discrimination happens on Airbnb. In fact, I interviewed Rohan Gilkes, the founder of Innclusive, in this podcast episode. Rohan founded Innclusive after experiencing racial discrimination on Airbnb. There are two reasons why I think hiding the profile pictures is not the right move. First of all, the profile picture is one of a number of factors that hosts can use to decide whether the guest is a good fit or not. I always look at the profile pictures. What I look for is: did the guest put a lot of effort into the pictures? This is important because I believe that people who are out to abuse Airbnb, trash a house or throw a party, typically don’t put a clear picture of themselves, for obvious reasons. These people already know they will get in trouble for what they are about to do, so they prefer to provide as a little information about themselves as possible. They probably also don’t plan on using their Airbnb account in the future. They’ll create an account, use it to book a place, do whatever evil they plan to do, and accept that they won’t be able to use the account in the future. In short, I believe that hosts should have more information about guests, not less. This way they can make better decisions as to which guests are a good fit and avoid bad experiences. It is your home and you should have the right to decide who gets to stay there. The fact that there are racists out there shouldn't change that. The other reason I don’t agree with this measure is this. If I request to stay with a host, I want them to look at my picture before accepting me. Here’s why. If the host would decline my request based on racial considerations, I wouldn´t want to stay with that person!Why would I want to stay with a racist? Or even if it´s for other considerations, maybe the host doesn’t like my face. Or whatever the reason may be. I don’t want to put money in the pocket of someone who doesn’t want me in their house. I rather pay someone who’s happy to host me. I wouldn’t feel comfortable staying with someone who would have declined my booking based on the way I look. I want nothing to do with that person. I understand it is frustrating for people who often experience racial discrimination. But the reality is, there are people who make decisions based on racial considerations. And that reality is not going to change by not allowing hosts to see a picture of the guest. Instead, what I would suggest is that Airbnb identifies racist hosts and removes them from the platform. If a guest has the suspicion that a host discriminates on racial grounds, they should be able to report that person. Airbnb can then investigate the booking history to see if this is the case or not and base their decision on that. Hosted on Acast. See acast.com/privacy for more information.

How Eric Moeller built his Airbnb empire out of San Diego Hosted on Acast. See acast.com/privacy for more information.

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Airbnb Plus represents the creme de la creme of all Airbnb listings. It's a selection of the highest quality listings run by Airbnb's finest hosts, known for attention to detail and great reviews. In today's episode I talk with Blake Crothers, a super host from Melbourne. Blake has been renting his apartment in Melbourne since 2017, and decided to apply for Airbnb Plus in April 2018. Six months later, he's still working to get his listing approved.We cover the following topics:What is Airbnb Plus? What are the benefits? What’s the application process like?How long does it take? How to pass the inspectionMain takeaways:Most Airbnb Plusses have a theme, very strong design, high quality amenities Every home is visited in person for a 100+ point quality inspection to ensure the listing qualifiesAirbnb Plus listings are show at the top of the search resultsAccording to Airbnb, plus listings get up to seven times more viewsAirbnb Plus listings can be identified by their PLUS badgeThe application process can take a while as Airbnb reviewers can keep asking for improvements Hosted on Acast. See acast.com/privacy for more information.

In this week's podcast episode I speak with RemoteLock CEO Nolan Mondrow. For hosts managing multiple properties or locations abroad, RemoteLock offers an easy solution that provides simplified access for guests as well as additional security for hosts.Smartlocks are connected via your current internet routers which makes it possible to manage access to your properties no matter where you are.Aside from providing access to guests, you may want to provide scheduled access to cleaning and repairs staff, and to as additional security you can receive alerts when someone has unlocked your door or used a code to unlock so you are aware of all activity at your property.Topics covered*The benefits of smart locks*How smart locks work*How they are installed*How RemoteLock differes from other smartlock solutions*Airbnb Host AssistIf you're interested in RemoteLock, you can save with my Special Code: gp25 to get $25 off your smartlock purchase.Connect with RemoteLockWebsite: RemoteLock.comConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadAirbnb News Facebook GroupTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunes or Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

In this week's podcast episode I speak with Francisco Arango, long time Airbnb host and cleaning expert. Francisco started his Airbnb hosting career by renting out his bedroom in Hawaii. Soon enough he realized the potential of the platform, and rented a few apartments solely for the purpose of renting on Airbnb. Not long after, he managed up to 10 units, with great results as he managed to consistently achieve and retain super host status. Francisco partly credits his outstanding results to his thourough understanding of what a good cleaning and Airbnb turnover looks like. He treats, manages and trains his cleaners well, as they are such an essential part of the team. Hosted on Acast. See acast.com/privacy for more information.

Airbnb guests often want to check-in early or check-out late. If that's not possible, they often ask if they can at least store their luggage. Although you want to accommodate your guests as well as you can, this can interfer with other guests checking in and your cleaning schedule. So what do you do? You don't want to say no without providing an alternative solution. That's where Knock Knock City comes in. They provide a luggage storage solution for Airbnb guests in New York, San Francisco and Boston. The storage locations are local cafes and bars. Your guests can store their luggage for as little as $2 per hour per bag. If you send your guests to your favorite local coffee shop, they will not only have the opportunity to store their bags, but they also get a chance to experience your city like you do yourself. Plus, you're sending local businesses additional customers. It's a win for everyone. In this podcast episode I chat with Nikolaos Georgantas, Co-founder of Knock Knock City, and Brandon McKenzie, COO and Founder of Metro Butler, the leading short term rental management company in New York. Brandon is an enthusiastic user of Knock Knock City and he explains how the service helps his Airbnb business. Hosted on Acast. See acast.com/privacy for more information.

Every week it seems the news is flooded with stories about short-term rental guests using properties to host wild parties, unbeknownst to the property owner. This issue is not limited to specific cities or countries. It is increasingly becoming a cause for concern for hosts around the world.This is a major concern for Airbnb hosts as these issues can disturb neighbors, leading to complaints or can even end in significant damage caused to the property.This week I speak with David Krauss, the co-founder of Noiseaware. What is Noisaware? It is a noise monitoring sensor that allows short-term rental hosts to be aware of noise levels at their properties, so they can take preventative action and avoid potential damage, noise complaints from neighbours and police involvement. Noiseaware is known for their indoor sensors and is now the first to develop an outdoor sensor.They have just launched pre-orders of their new product, the Gen 3 Indoor Sensor, which can be bundled with an outdoor sensor to ensure that your property is fully monitored and give you peace of mind. You can find more info about pre-orders here: share.noiseaware.io/jasperTopics covered:*How David lost $20,000 after his guests threw a party at his Airbnb *The solution that David came up with to protect his Airbnb*How this solution led him to start Noiseaware*How you can use Noiseaware to protect your Airbnb Pre-order your Noiseaware sensor now and save up to $89 on your indoor and outdoor Noiseaware sensors and get $20 off your yearly subscription plan.  Rent Responsibly:Website: https://rentresponsibly.org/Facebook group: https://www.facebook.com/groups/880967662054010 Connect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadAirbnb News Facebook GroupTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

Short-term rental regulation and legislation is a hot topic right now. Many major cities including New York City, Miami and San Diego - to name a few - are advancing bills and legislation which further restrict short-term rental services, requiring hosts to register information and banning rentals of secondary homes. More cities are likely to follow suit in the coming weeks and months, so it is of great import that hosts are aware and seek to acquire the latest information on current and upcoming changes to regulations in your area.In some instances, legislation is too strict and is seen as unfair as it seeks to restrict the rights of homeowners and how they choose to use their property. In order to make a change and fight back, it is important to get involved and build strength in numbers by working with your local community of Airbnb hosts in order to generate a singular voice for legal operators to fight back with.Not all regulations are equal though. In some instances, they are fair and can be beneficial in setting parameters in areas where none of have been set. They can help guide imprudent hosts and bring them in line with regulations designed to help monitor their operations and ensure that safety and security measures are met.Today we speak with Megan McCrea, the President of the Nashville Area Short Term Rental Association. She has plenty of experience with short-term legislation and how advocacy works. In this episode, Megan shares her experiences as a host as well as shares advice on how hosts and owners can work together and take part in local conversations and make a positive difference in short-term regulation.Topics covered:*The history of regulations in Nashville*Why she got into the short-term rental business*What ‘advocacy’ really means and why more hosts aren't involved*How to get involved if there isn't a local organization*What is at risk if host communities fail to activate*Why it’s important to connect with local businessesConnect with MeganWebsite: NASTRAFacebook: https://www.facebook.com/nastra2016/Rent Responsibly:Website: https://rentresponsibly.org/Facebook group: https://www.facebook.com/groups/880967662054010Connect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadAirbnb News Facebook GroupTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunes or Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

Many people have considered becoming an entrepreneur, but the thought of starting their own small business can be a little scary, if not downright intimidating. However, if you're looking for a low-risk way to start small, Airbnb might be the answer. A great way to learn and hone the skills required to successfully run your own business is through vacation rentals. There is plenty of opportunity for both the beginner and more experienced entrepreneurs within the vacation rental ecosystem.Sid Kosatsky established HostOften, a full-service Airbnb property management company. Before finding success, like many others, he started simply - freelancing to help a small boutique hotel in the Dominican Republic set up their Airbnb listings. Hiring cleaners for his own Airbnb listing in the Halifax region of Nova Scotia led to Soapy Cleaning, a company created to find additional work for his team!Today, Sid has expanded his business to over 25 units now and boasts a team of seven employees, five of whom are full-time, and he has systems in place that allow him to do focus on business growth. On the podcast, he shares his advice for aspiring Airbnb entrepreneurs, the technology he uses to save 15 hours a week, and how he built his talented team. Listen in and find out if Airbnb is the entryway to entrepreneurship you have been looking for!Topics Covered:*Sid’s Airbnb story*Sid’s advice to aspiring Airbnb entrepreneurs*Key tools and resources that can help put you on the path to success*Time management tips and tricks*The scale of Sid's current business*The most important lessons Sid has learnedConnect with SidHostOftenConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadAirbnb News Facebook GroupTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunes or Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

Airbnb has seen rapid growth in the last 10 years, and now boasts more than three million available properties in more than 65,000 cities around the world. With so many listings on the site it's important to get your listing right.Many first-time Airbnb hosts focus on getting the practical elements right such as kitchen supplies, comfortable beds and bedding and packaged bathroom products to name a few. The practical elements do matter and it is important to nail this, however these aren't the only important elements.If you search listings in your area, you may find hundreds or thousands of listings offering the same basic needs, so how do you stand out from the crowd? In the world of Airbnb, a picture is worth a thousand words to a potential guest but this doesn't mean that you have to furnish you property with expensive furnishings and decor.This week I speak to Sofia Bak, who quit her job in pursuit of happiness. She couldn’t find her path for a long time, but then ended up Airbnbing a living room in her apartment in Alameda (outside SF) to make rent and making that first step helped her to see her purpose.Now renting 4 apartments and Airbnbing 3 of them, she set up her niche business “ARTbnb”, which she does inexpensively but makes them look really cool.Topics that we discuss include:*Top tips for setting up unique and exciting Airbnb’s on a budget*Making the most of what you already have including posters and drawings*Where to find great bargains and unique furnishings*How to create your space and style around a key focal pieceConnect with SofiaAirbnb: https://www.airbnb.com/users/11993614/listings Connect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadAirbnb News Facebook GroupTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunes or Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

As Airbnb continue to fight stricter regulations in many major cities across the globe, many would-be hosts are looking at new opportunities to invest and host abroad. The Ivory Coast has increased in popularity, seeing its annual visitor numbers rise steadily in recent years with holidaymakers due to its golden beaches, fading French colonial heritage and traditional Senufo cultural experiences.Martin Sjögren is a Swedish-Italian who saw an opportunity back in 2007 while working and living in Europe, and bought a house in Abidjan in the Ivory Coast as his wife is from there. Some years ago that house started generating significant income, so he and his wife decided to buy another one. In 2016, he bought a larger house in Abidjan (5 guest bedrooms guests + 2 staff bedrooms) and all rooms are consistently fully booked.Topics that we discuss include:*How to deal with an Airbnb in an area where streets have no names*Weak rule of law and scams to be aware of in the Ivory Coast*The benefits of investing in a country where Airbnb is not yet regulated*How the Ivory Coast is changing, its fast economic growth, and urbanisation*Other businesses Martin attempted in the Ivory Coast*How to buy and invest in property in the Ivory Coast and potential returns on investment*The recent history of the Ivory Coast and a harrowing story of Martin's wife narrowly escaping death squads*The impact of having no rail based public transport in a large cityConnect with MartinAirbnb: https://www.airbnb.co.uk/rooms/16751623email: [email protected] with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadAirbnb News Facebook GroupTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunes or Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

As more and more Airbnb hosts join the hosting game, the short-term rental landscape is getting more competitive and standing out from the crowd is becoming more important. Guests are looking for unique properties that reflect the personality of the host. Adding some art pieces to your space is an excellent way to achieve this.Annie Kim is the author of A Beautiful EVOLution: Overcoming Adversity Through ART. She's been an artist since she was young and she's used it to overcome traumatic experiences from her youth. Annie was born in Seattle and currently lives in Las Vegas.Topics that we discuss include:*Why having art in your home can benefit your Airbnb hosting business*How to find out what type of art fits your home best*Ways to find affordable pieces of art*How to get started creating your own art*Annie's mural and custom art projectsTo see some of Annie's work, visit her website. She'll have a video online shortly of the latest murals that she created.If you're interested in working with Annie on a custom painting or mural for your Airbnb, you can email her at [email protected] or contact her through her website. A custom painting typically takes a day or two to create, a mural will take about four to six days depending on the size of the wall.Connect with Anniewebsite: http://www.her-art.galleryemail: [email protected] with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadAirbnb News Facebook GroupTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

In today’s podcast episode I share a number of updates on the things that I’ve been working on during the last few months. Here’s an overview. * The penthouse in Cali that I purchased last year (first guests booked!) I recently stayed at my Airbnb penthouse in Cali (Colombia) for about four weeks. I absolutely loved it, the guys at FAR International did a great job. See my Instagram account (@getpaidforyourpad or jasper.ribbers) for the most recent pictures! I haven’t listed it on Airbnb yet, as I’m waiting for a pump to be installed to improve the water pressure in the showers. However, I did get my first booking through FAR International’s client base. * My recent trip to Egypt where I looked at potential Airbnb investments Podcast listener Sofia Bak (check out her awesome Airbnb listings near LAX in Los Angeles) notified me of an opportunity near the popular beach resort of Hurghada, Egypt. There are apartments near the beach for sale for as little as $5,000. I flew over to check it out, but I didn’t decide to buy anything. * A new property management company that I’ve co-founded I recently started managing properties in the US through a new company, Innhance. I partnered with a few really good friends to offer a short term rental management solution throughout the US. It’s an ambitious plan, but I’m excited and confident we can find a solution for any property. * The new book that I’ve been working on My new book, the sequel to Get Paid For Your Pad, will come out in the spring of 2019. The content is almost done and Huzefa and I will be working on the editing and proofreading of the book in the next few months. The book will contain an updated version of GPFYP plus over 45,000 words of new content on how to find profitable short term rental properties around the world, including a detailed description of the properties I bought personally as well as 10 case studies of other investors. Connect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadAirbnb News Facebook GroupTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunes or Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

Listen and learn how Patrick, manager of FAR International Cali, got scammed out of $100,000 in a real estate deal in Cali, Colombia.Patrick’s story and how he lost $100,000Patrick got fed up with sub-urbian life in Denmark and decided to buy himself a motorbike to ride it from the US to Brazil. On his last night in Cali, Colombia, he met a beautiful brown-eyed girl. Fast forward a few years, they settled down in Cali together.Patrick purchased a nice plot of land where he planned to build 18 apartments. The land was situated in an earth-quake zone, which meant he had to take soil samples before starting the construction. Shortly after he began digging, a man came running over claiming the land belonged to his family.Patrick called his lawyers and the police in order to sort out the situation. It turned out that the land indeed used to belong to the man, but now it was in Patrick’s name. However, the person who sold the land to Patrick used a fake ID and took the money. Both Patrick and the land owner got scammed by this person.A legal process has been going on for four years in order to decide who owns the land. The first prosecutor died, the second one got re-assigned and the third one doesn’t have an assistant or an investigator and she has 450 cases open, so Patrick doesn’t expect a ruling to come any time soon, even though the scammer and the transaction have both been identified. He hasn’t recovered a single penny of the $100,000 he invested, which was all of his life savings.After recovering from the shock, Patrick applied for a job at FAR International and soon became a partner in the business, running the Cali department.Other topics* Process of buying real estate in Colombia as a foreigner* Learning lessons from the experience* The “Clinton List”* Due diligence Patrick did before buying the land* How the scammer got away with it* How the introduction of finger prints makes these type of scams almost impossible now* Why Cali is an attractive place to invest* Short term rental regulations in Colombia Hosted on Acast. See acast.com/privacy for more information.

Improve your revenue by using these calendar tricks Hosted on Acast. See acast.com/privacy for more information.

In this news episode I chat with the one and only David Jacoby, president and co-founder of Hostfully. We discuss the topics related to Airbnb that have been in the news recently. Topics include:The cost of Airbnb to New York renters: $616 millionAccording to a new study by city comptroller Scott Stringer, Airbnb caused New York residents to pay an extra $616 million in rent from 2009 to 2016. The study used data from AirDnA to calculate the effect that the short term rental website had on rents. Shortly after the report was published, Scott Shattford, CEO of AirDnA, disputed the conclusion saying that the errors were made interpreting the data. In addition, he couldn't find a payment record of the comptroller's office, suggesting that the data had been obtained illegally. The Best (And Worst) Cities To Make Money On AirbnbUsing data from Airbnb, a website called Homes.com researched the best and worst cities in the US to make money on Airbnb. Instead of looking at absolute dollar amounts, they expressed the profitability in terms of how many days it would take to cover a monthly mortgage payment. According to the study, Ohio is the place to be to rent on Airbnb, featuring the top two cities: Akron and Cleveland. Less than five days per month is sufficient to cover the mortgage in these places. Compare that to places in California such as San Francisco and San Jose, where you would need 23 and 27 days respectively to cover the mortgage. In general it seems that states in the mid-west feature the best opportunities. However, these regions may also see lower demand than the major cities on the east and west coast.  Hosted on Acast. See acast.com/privacy for more information.

Today’s episode is a special one in many ways, it’s the first episode of Get Paid For Your Pad that I recorded live with multiple guests, […] Hosted on Acast. See acast.com/privacy for more information.

It’s that time of the year again, at least for US Airbnb hosts. The tax deadline in 2018 is April 17th. The good news is, if […] Hosted on Acast. See acast.com/privacy for more information.

Today I am talking with Rich Holman, the founder of First American Realty International, a real estate and property management company in Medellin, Colombia. Rich first […] Hosted on Acast. See acast.com/privacy for more information.

It’s time for a change, I’ve been writing and talking about Airbnb since 2014. Back then there was very little information out there and I was […] Hosted on Acast. See acast.com/privacy for more information.

How has Airbnb changed since its inception 10 years ago? And how does the site impact cities like NYC? Hostfully’s Glenn Carter joins Jasper to discuss the new Wachsmuth study and other headlines, including the VC fund that is backing former employees, an inclusive new hire at Airbnb, and GM’s expanded car sharing platform. Hosted on Acast. See acast.com/privacy for more information.

Is there an Airbnb Airlines in our future? Jasper is joined by Nicole Prentice Williams of Hostfully to discuss the company’s ambition to become an ‘end-to-end trip business.’ They also cover the Canadian grandmother suing the platform, the abrupt cancellation of bookings in Beijing, and Danny Glover’s efforts to promote pro-Airbnb legislation in New York. Hosted on Acast. See acast.com/privacy for more information.

This week Jasper and David discuss the big Airbnb updates that Brian Chesky revealed in a live event last week. The updates fall into five different […] Hosted on Acast. See acast.com/privacy for more information.

Let’s say you really enjoy renting your own property on Airbnb, and you’ve discovered that you’re quite good at it. It would be awesome to expand […] Hosted on Acast. See acast.com/privacy for more information.

Beenest, boats and brothels: Airbnb news runs the gamut this week, from an opportunity for Superhosts interested in the blockchain to Airbnb’s crackdown on human trafficking. […] Hosted on Acast. See acast.com/privacy for more information.

If you’re thinking about taking your Airbnb business to the next level and evolving to manage multiple listings, there are a number of factors to consider. […] Hosted on Acast. See acast.com/privacy for more information.

Airbnb headlines offer serious bank this week: From using your Airbnb income to refinance an existing mortgage to the company’s prosperous internal hedge fund to Airbnb’s […] Hosted on Acast. See acast.com/privacy for more information.

Would you rather teach your Airbnb guests how to use the coffee maker OR have a cup of coffee with them? Connecting with the travelers sharing […] Hosted on Acast. See acast.com/privacy for more information.

Love is in the air! And so is a little drama. With the approach of Valentine’s Day, there is news of a love story in the […] Hosted on Acast. See acast.com/privacy for more information.

As Airbnb gets more and more competitive, hosts need to stand out from the crowd. And having an attractive interior design with a few stand-out pieces […] Hosted on Acast. See acast.com/privacy for more information.

Is Airbnb inching toward an IPO? All signs point to yes. In the news this week are stories of Airbnb naming its first independent board member […] Hosted on Acast. See acast.com/privacy for more information.

The whole point of the sharing economy is to facilitate peer-to-peer exchange. It’s otherwise known as a People’s Economy, meaning that the community itself drives a […] Hosted on Acast. See acast.com/privacy for more information.

Abracadabra! Last week, thousands of San Francisco Airbnb listings performed a disappearing act. Hosts who failed to register with the city have been removed from the […] Hosted on Acast. See acast.com/privacy for more information.

Most people choose professional short-term rental hosting for the freedom—to work when and where you please, on your own terms. But that freedom is limited somewhat by the necessity of dragging a laptop wherever you go. What if there was a tool that would allow you to manage multiple listings remotely from your smartphone? No laptop necessary?Erinç Arık is the co-founder of Your Porter, the only mobile-first app for professional Airbnb hosts with multiple listings. Your Porter allows hosts to send automated messages, respond to initial guest inquiries, and assign tasks to teammates—linking all of your listings on a single dashboard. Erinç is also an Airbnb host himself, with six years of experience and 750 reviews.Today Erinç shares his Airbnb hosting journey, explaining how he went from one to 11 listings in just a year. He discusses how the Your Porter app was born out of a desire to automate his own Airbnb business and its unique messaging, task assignment, and flight tracking features. Erinç also speaks to Your Porter’s ability to merge several accounts to a single dashboard as well as the free Airbnb Rankings Report available to hosts through his site. Listen in for Erinç’s insight around managing your business on-the-go and learn how to get a special GPFYP discount on your first Your Porter subscription!Topics CoveredHow Erinç got into Airbnb hosting•Wanted to move, but still under contract•Listed first property on Airbnb to cover rent•Started renting, renovating apartments•11 listings within first yearHow Erin¬ç approached his landlords•Informed of intent to list on Airbnb•Developed good reputationThe regulations around short-term rentals in Istanbul•Legal gray area, no issues so farThe origin of the Your Porter app•Erinç tired of sending same emails, notifications•Built app to automate repetitive tasks•Erinç is web developer, partner develops mobile appsThe unique benefits of the Your Porter app•Manage listings on-the-go•All functions mobile (once account set up)•Track guest flight, app informs if delayThe Your Porter messaging feature•Automated Airbnb messages, emails, texts or WhatsApp messages•Customizable, can set time of delivery•Auto inquiry response toolHow Your Porter assigns team tasks•Coordinate cleaners through automated messaging•Staff receives email re: check-in/out, # of guests•Host receives push notification when task completeHow Your Porter prevents double bookings•Multiple accounts merged on single dashboard•Supports most vacation rental platformsThe Your Porter Airbnb Rankings Report•Monitors position in search results•Also tracks wish list stats, guest satisfaction score•No cookie, no cache (objective results)•Free, available to everyone•Email host weekly reportWho Your Porter is best suited for•Hosts with multiple listings (5-20)•Hosts who manage teammates•Multiple accounts, platformsHow Your Porter is different from other tools•First mobile app for professional Airbnb hosts•Easy to get started, 21-day free trial•Works with iOS, Android and web app•Reasonably priced ($5-10/listing/month)Connect with ErinçYour Porter AppAirbnb Rankings ReportResourcesWhatsAppConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully. Hosted on Acast. See acast.com/privacy for more information.

The Airbnb brand is all about inclusiveness, and its mission statement around ‘belonging anywhere’ gave CEO Brian Chesky the perfect opportunity to speak out on Twitter […] Hosted on Acast. See acast.com/privacy for more information.

No doubt you’ve heard of cryptocurrency, the digital currency that operates on the blockchain. As its popularity grows, the number of startups in the space has […] Hosted on Acast. See acast.com/privacy for more information.

Getting an email from an outraged guest with multiple complaints can be jarring, especially if your previous guests have had nothing but good things to say […] Hosted on Acast. See acast.com/privacy for more information.

In this first episode of Get Paid For Your Pad in 2018 Jasper chat with Glenn Carter about the latest news events in the world of […] Hosted on Acast. See acast.com/privacy for more information.

There is no shortage of Airbnb horror stories in the news. Accounts of hidden cameras, racial discrimination, and guests who’ve been scammed through the home-sharing platform […] Hosted on Acast. See acast.com/privacy for more information.

If you’ve read or seen Eat, Pray, Love, you’ve probably considered vacationing on the beaches of Bali. René Theil fell in love with Indonesia long before […] Hosted on Acast. See acast.com/privacy for more information.

If you are spending more than 30% of your monthly income on rent, you fall into the category of rent-burdened—and one popular way to earn the […] Hosted on Acast. See acast.com/privacy for more information.

Toronto. Singapore. Paris. Seattle. Hosts around the world are learning to navigate the new regulations introduced by local municipalities. Making headlines this week are the controversial […] Hosted on Acast. See acast.com/privacy for more information.

As Airbnb hosts, we have a natural inclination to show our property in the best possible light in order to secure more bookings. But what happens […] Hosted on Acast. See acast.com/privacy for more information.

Has Airbnb lost its charm? All startups experience growing pains. That’s just part of the process. But as Airbnb expands its influence to become a major […] Hosted on Acast. See acast.com/privacy for more information.

So you want to expand your Airbnb business, but the complication that comes with managing multiple listings has you a little overwhelmed. How do you prevent […] Hosted on Acast. See acast.com/privacy for more information.

If you could change anything about Airbnb’s website, what would it be? Hosts had their say in the news this week, with a Forbes article polling […] Hosted on Acast. See acast.com/privacy for more information.

With changes in UK tax policy, smart property investors are shifting to the vacation rental market to avoid the hit of a higher tax bill. The […] Hosted on Acast. See acast.com/privacy for more information.

Melbourne is joining the growing list of cities introducing regulations around short-term rentals, but the municipality is taking a very different approach: Rather than simply limiting […] Hosted on Acast. See acast.com/privacy for more information.

Are you looking for an ideal place to invest in short-term rental property for Airbnb? How about a little spot known as The City of Eternal […] Hosted on Acast. See acast.com/privacy for more information.

If you’ve ever used Smart Pricing, you know that the tool tends toward the lowest prices—favoring guests over hosts in order to increase the number of […] Hosted on Acast. See acast.com/privacy for more information.

While most Airbnb hosts avoid party-going guests like the plague, Airbnb Superhost Walter McCormick welcomes them. In fact, he caters specifically to bachelor and bachelorette parties […] Hosted on Acast. See acast.com/privacy for more information.

If you can’t beat ‘em, join ‘em. As the popularity of short-term rentals grows, more and more landlords are changing their stance on the practice. It […] Hosted on Acast. See acast.com/privacy for more information.

When I record a podcast episode, I often write down some announcements or things I want to talk about outside of the person I’m interviewing. However, […] Hosted on Acast. See acast.com/privacy for more information.

Special events like the Super Bowl present an opportunity for residents of the host city to list on Airbnb and generate extra income, but how do you decide on the right price for your listing? And how do you compete with all the other new hosts who had the same idea?Margot Lee Schmorak, CEO and Co-Founder of Hostfully, joins Jasper to answer your questions around listing for special events like the Super Bowl. They also cover the recent Airbnb blog and subsequent Forbes article about optimizing search rankings that dispelled several myths regarding what counts when it comes to Airbnb SEO.Margot and Jasper walk through this week’s Airbnb headlines as well, discussing the Leigh Gallagher interview with Brian Chesky regarding the IPO, the new short-term rental platform called CryptoCribs, and the Asbury Park host who’s challenging new regulations in the city.Topics CoveredArticle #1: Airbnb Finally Opens Up on How to Rise Through Its Search Rankings•Dispels myths around search rankings•Superhost status, ‘tweaking’ do not help•Visits, clicks and level of interest do matter•Search results highly personalizedArticle #2: Asbury Park Homeowner Fights Airbnb Regulations•City voting to prohibit short-term rentals unless owner present•Host paying $20K in property taxes, uses Airbnb to defray cost•Gathered necessary 156 signatures, forcing city council to consider alternative•If alternative declined, issue goes to voters through referendumArticle #3: Airbnb CEO: ‘We’ll Be Ready’ for IPO•Declared halfway through two-year project in March 2017•Will be ready in 2018, but may not go public right away•Buffet advised Chesky to ‘get rich slow’•Danger in IPO too early (i.e.: Blue Apron)Article #4: CryptoCribs: The ‘Airbnb’ for Cryptocurrency Users•Listing platform, pay with bitcoin or ethereum•Uses blockchain to store info (public)•Challenge in attracting supply and demand•Airbnb on track to make bitcoin a feature as wellQ: I live in Minneapolis, the site of the 2018 Super Bowl, and I would like to list my home on Airbnb for the event. How do I maximize my earning potential?•Beyond Pricing blog post explains massive increase in supply•Occupancy went down during Super Bowl in Houston (from 55% to 25-30%)•Guests expect to pay a lot for lodging (price increases of 50—100%)•Keep prices high to position as premium listing•List early to rack up as many reviews as possible•Consider listing on multiple platforms (including local sites)•Do your own search as potential guest to see search rankings, competition•Customize your listing for Super Bowl, brand for teams involvedResources MentionedArticle #1: forbes.com/sites/sethporges/2017/10/30/airbnb-finally-opens-up-on-how-to-rise-through-its-search-rankings/#30ba16f31922Airbnb Blog: Answers to Your Top Search QuestionsArticle #2: app.com/story/news/local/communitychange/2017/10/30/asbury-park-airbnb-regulations/796091001/Article #3: fortune.com/2017/10/25/airbnb-ipo-public/Article #4: btcmanager.com/cryptocribs-airbnb-for-cryptocurrency-users/ATLANTCryptoCribsLíf TokensBeyond Pricing Super Bowl BlogJasper’s YouTube ChannelConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadAirbnb News Facebook GroupThis episode is sponsored by Aviva IQ. Aviva IQ automates messages to your Airbnb guests. It's also free! Hosted on Acast. See acast.com/privacy for more information.

There are a number of different ways to take advantage of the Airbnb platform, from listing a room in your own home to re-leasing a rented apartment. You might choose to co-host with a property owner or rent out your entire home while you are away. Some creative hosts even convert unused spaces, turning a shed in the backyard into a tiny home or transforming an attic into a studio apartment. Toby Doré is doing all of this and more, using every Airbnb model that’s out there to generate income through the platform.Toby has been hosting on Airbnb in Lafayette, Louisiana, since March of 2013, and he has a whopping 1,776 reviews! Toby is also a full-time university professor in athletic training, sports medicine and sports psychology. He loves to travel, road-tripping across the US and visiting more than 40 countries in Europe, Central America, and South America.Toby is also a serial Airbnb entrepreneur who utilizes every model: re-leasing, co-hosting and listing his Lafayette home on the platform. He has his own website, Cajun Hostel, as well as a travel blog. Today on the podcast, he shares how an 8-week road trip inspired his Airbnb journey. He offers his take on the pros and cons of each model, explaining which has been the most lucrative and extending his advice around establishing contracts between co-hosts. Listen in and learn how Toby outsources much of his Airbnb business while he works full-time and travels the world!Topics CoveredWhat Led Toby to Airbnb•Read about minimalism in The Joy of Less•Planned 8-week road trip across US•Couple met through music promotion suggested Airbnb•Used platform during trip•Listed 3-bedroom home while traveling•Airbnb profits paid for rental car, gasThe pros and cons of renting his own home•Most profitable of business models•Income pays mortgage, utilities•Profits help pay for international travel•Turned storage shed into tiny house•Converted attic to private studio•Always booked, no place for him to stayThe re-leasing model•Rented affordable, small apartment in downtown Lafayette•Lists studio on Airbnb four months of year while traveling for work•Rented four other houses, but gave up as popularity of hosting increasedThe co-hosting model•Neighbor tired of renters ‘messing up house’•Asked Toby to manage as Airbnb•Split profit after expenses paid (utilities, internet, amenities)•Implementing Airbnb co-hosting platform complicated things•Toby suggests contract defining responsibilities around expensesTricks Toby learned from using Airbnb as a guest•Keycode locks on properties•Automation (i.e.: code sent upon confirmation of booking)How Toby outsources much of his Airbnb enterprise•Bilingual manager handles bookings, reviews•Sister-in-law helps with cleaning•Second cleaner with 17 years of experience•Hires university interns in business, hospitality management•Worldpackers get dorm room in exchange for social media marketing workToby’s Airbnb profits•Receives flat fee for managing upscale house in New Orleans (about 30% of profits)•80/20 split with next-door neighbor•Most rental management companies receive 30-35%•Income from home he owns pays mortgage, utilities + 20% profit•Home improvement loans on tiny home, studio paid off in two yearsConnect with TobyCajun HostelToby’s Airbnb ProfileToby’s Travel BlogResourcesThe Joy of Less: A Minimalist Guide to Declutter, Organize, and Simplify by Francine JayVRBOFlipKeyWorldpackers Hosted on Acast. See acast.com/privacy for more information.

Airbnb Experiences has not quite lived up to the fanfare that accompanied its launch a year ago, and this week Leigh Gallagher, author of The Airbnb Story, interviewed CEO Brian Chesky to ask about its slow growth.Jasper is joined by Hostfully VP of Strategic Partnerships, Nicole Prentice Williams, to discuss whether it’s fair to compare the growth of the platform itself with the progress of Experiences. They also cover Chesky’s response to the #metoo campaign and the new responsibilities of another Airbnb co-founder, Nathan Blecharczyk as he takes over operations in China.While business may be rocky for Airbnb in China, it is booming in Africa, and headlines this week applaud the growth on the continent and the platform’s partnership with leadership in Cape Town. Nicole and Jasper also share the heartening story of a guest who painted an epic mural in a host’s apartment in Tokyo in exchange for a free stay!Topics CoveredArticle #1: Airbnb CEO: Here’s How ‘Experiences’ are Doing So Far•Airbnb Experiences launch one year ago•Only 3K experiences vs. 4M homes•Unfair comparison, keeping small on purpose•Earned 500K from social impact experiences•Homes business had no traction one year in•Experiences has 3K hosts, tens of thousands on wait list•Difference between new marketplace and established media machine•‘Experiences’ is buzzword in industry•Certain Experience hosts earning six figures (most earn 7K)•Chesky expecting Experiences to be big•Ultimate goal to become one-stop shop for travelersArticle #2: Airbnb’s China Chief Departs Abruptly Just Months Into the Job•Head of China business gone after four months•Search lasted longer than held post•Unclear why, seems to have been his decision•Airbnb not commentingArticle #3: Airbnb Head of China Operations Departs as Co-Founder Settles into New Role•Co-founder Nathan overseeing operations•Shows importance of Chinese market to Airbnb•China is difficult market for startupsArticle #4: This Airbnb Guest Left Behind an Incredible Mural on the Host’s Walls•Host in Tokyo learned guest was artist•Asked to create mural on white wall•Epic resultsAirbnb could do coffee table book of unique storiesArticle #5: Airbnb CEO: ‘We Need More Women Leaders’•Chesky commented on #metoo campaign•Proposed solution of having more women in leadership•No women on board of Airbnb (6 of 8 members are white men)Article #6: Airbnb Enjoys Spectacular Growth in Africa•Africa is fastest growing market•100K listings•Cape Town most popular (17K listings)•Mayor working with Airbnb•2M guests in last five years•Hosts earned $139M last year•South Africa has most listings•Morocco comes in second•325% growth in Nigeria•Airbnb conscious of social issuesResources MentionedArticle #1: fortune.com/2017/10/23/airbnb-ceo-experiences-new-york/VRMAArticle #2: bloomberg.com/news/articles/2017-10-24/airbnb-s-china-chief-departs-abruptly-just-months-into-the-jobArticle #3: skift.com/2017/10/24/airbnb-head-of-china-operations-departs-as-co-founder-settles-into-new-role/Article #4: lonelyplanet.com/news/2017/10/23/airbnb-guest-leaves-murals/Article #5: fortune.com/2017/10/24/airbnb-ceo-no-more-hands-off-approach-on-techs-impact/Article #6: cnn.com/2017/10/24/africa/airbnb-growth-africa/index.htmlConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpad Hosted on Acast. See acast.com/privacy for more information.

Perhaps the greatest challenge of being a remote host is building a relationship with your guests when you can’t be there face to face. Airbnb was founded on the principal of personal connection, but when your listing is in the rural village of Dudeldorf, Germany, and you are a thousand miles away in Spain, how do you go about making the guests feel at home? Or providing personal recommendations for seasonal things to do?Niels Becker has designed a truly genius approach to remote hosting through a listing Facebook page. The page functions as a sort of interactive, continually updated guidebook, providing guests with timely information around events in the area, like the popular Christmas market. In addition, the Facebook page promotes Niels’ listing as his satisfied guests like and share the page with their contacts.Beyond his experience in the short-term rental market, Niels also manages several long-term rentals in Dudeldorf. Today on the podcast, he compares the revenue earned via Airbnb guests versus tenants. Niels explains how he secured public funds to restore his properties, why he chose to try Airbnb in one of those investment units, and how he finds information for his Facebook page. Listen in and learn his unique approach to remote hosting and why investing in rural communities is your safest bet.Topics CoveredNiels’ decision to try Airbnb•Rents several units long-term (near US airbase)•Had trouble renting small studio•Listed studio on Airbnb six months agoThe particulars of Niels’ investment property•Beautiful area near border with Luxembourg•Area losing residents to large cities•Working to preserve heritage•Provides funding to restore historic buildings (to modern standards)Niels’ Facebook page•Solves problem of being remote host•Shares interesting things going on in area, nearby villages to visit•Entries mined from local Facebook groups•Provides most current, updated infoHow the Facebook page promotes Niels’ listing•Guests ‘like’ the Facebook page•Guests contribute their own photos, reviews•Guests’ contacts exposed to listing•Book Now button links to AirbnbLong-term rental vs. Airbnb•Niels currently making 2X for studio•Going into low season, but bookings still coming•Comparable to long-term units (location, furnishings, architecture)How Niels manages his units from home in Spain•Relies on local cleaning, management services•Rest is automated (e.g.: lock box for entry)•Sends handwritten note as photo through Airbnb to welcome•Always available to guests through Airbnb messagingThe Airbnb-friendly regulations in rural Germany•Short-term rentals, tourism encouraged•Many empty units (opposite problem of cities)•Earns less revenue than cities, but property more affordable•Niels receiving very good ROIConnect with NielsLiving in History—Dudeldorf/EifelNiels’ Airbnb ListingConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests! Hosted on Acast. See acast.com/privacy for more information.

It’s the top search question on Airbnb’s website and something every host has wondered: How do I improve my search rankings?Airbnb released a blog post this week that sheds a little light on the factors the platform uses to determine your position in search results, offering three specific things you can do to work the search algorithm to your advantage and immediately boost your rankings.Glenn Carter, Director of Marketing at Hostfully, is joining Jasper this week to discuss the data points that Airbnb uses to determine search results, as well as the reasons why you may have difficulty finding your listing online. They also cover another Airbnb press release that emerged this week involving access to their Application Program Interface (API), which will allow hosts to pull their data for third-party applications.Also making headlines this week are some new Airbnb partnerships. The site is teaming up with a Florida developer to build an apartment complex specifically designed for home-sharing and offering extra support to hosts in the Airbnb Select program—in the form of home-improvement loans and advice around cosmetic improvements and photography for their listings. Listen in and learn how to help Airbnb help you make the most of your listing.And starting Monday, don’t forget to check out Jasper’s new travel vlog on YouTube!Topics CoveredArticle #1: Airbnb Blog: Answers to Your Top Search Questions•Covers factors that influence position in search results•Over 100 data points considered•‘Wishlisting’ does help•Repeatedly changing listing does not help/hurt•Make sure calendar updated daily•Superhost status doesn’t boost position (but factors required do help)•Rejected bookings result in lower ranking•Most critical factors are Instant Book, fabulous first photo and competitive price•Also addresses finding your listing online•Jasper recommends zooming in on map•Setting conditions on Instant Book may prevent you from seeing listing•Airbnb uses sophisticated algorithm to personalize search resultsArticle #2: Airbnb is Teaming up with a Local Developer to Create a Large Apartment Complex in Florida•324-unit complex specifically designed for home-sharing•Tenants allowed to rent for up to 180 days, share profits with landlord•Located in Kissimmee, near Disney (market ripe for Airbnb)•Plans to build five more complexes in other cities•Risky if municipality sets anti-Airbnb regulations•Concept of aparthotels has existed in South America for many years•Airbnb can control physical guest experience through design of units•Experience still individual (tenant lives there at least half of year)•Additional services for hosts in building (i.e.: new sheets, laundry service, smart locks)•May start trend of developers catering to short-term rentalsArticle #3: Airbnb to Offer Loans and Advice to Hosts Under New Scheme•Associated with Airbnb Select program (luxury brand pilot underway)•Provides loans for hosts to make home improvements•Offers advice around cosmetic improvements, photos•Loans repaid through revenue from bookingsArticle #4: Connect to Our API, Connect to Millions of Travelers on Airbnb•Allows hosts to pull data into third-party applications (e.g.: pricing tools, Hostfully)•Only offered to select few in past•Underscores efforts to open platform, facilitate growth via partnerships•Still have to fill out form to gain accessResources MentionedArticle #1: blog.atairbnb.com/searchInstant BookArticle #2: cnbc.com/2017/10/12/airbnb-is-teaming-up-to-build-a-home-sharing-complex-in-florida. Hosted on Acast. See acast.com/privacy for more information.

Paul Hart, founder of Roamlocal, want to connect Airbnb hosts, guests and local businesses to create a win-win-win situation. Guests want to live like a local, […] Hosted on Acast. See acast.com/privacy for more information.

Airbnb celebrates another win in its pursuit to target the business traveler, announcing a new partnership with co-working space giant WeWork. The convenience of booking a desk through the Airbnb app benefits both companies, and the move is sure to boost use for hosts with the Business Travel Ready designation.Hostfully President and Co-founder, David Jacoby, joins Jasper this week to chat about this victory for Airbnb, as well as other success stories in the headlines, including a PR victory in the quick activation of the Open Homes program in both Las Vegas and California, and the report of Airbnb’s exponential growth in India.But it wasn’t all rainbows and unicorns for Airbnb in the news this week. While the platform is making gains in India, it continues to struggle in the Chinese market. Jasper and David discuss how Airbnb’s biggest competitor in China is raising capital with an eye to expand overseas. They wrap up today’s episode with the story of a host who was arrested after his Airbnb guests discovered a hidden camera in the smoke detector. Listen in to understand what qualifies as a ‘surveillance device’ per the Airbnb Terms of Service policy and the smart lock technology available to hosts with security concerns.Topics CoveredArticle #1: Airbnb Open Homes Offers Free Shelter to California Wildfire Victims•Wildfires in California (17 over 115,000 acres)•20 deaths, 1500 homes destroyed•Airbnb activated Open Homes•Airbnb could offer hosts gesture, incentiveArticle #2: Airbnb and WeWork Team up to Find Desks for Business Travelers•WeWork has raised $10B in capital•Promotes WeWork through Airbnb•Targets business traveler•Potential discount on co-working space for Airbnb guestsArticle #3: Airbnb’s Major China Rival Tujia Raises $300M More at a $1.5B Valuation•Chinese competitor raised additional $300M capital•Looking to expand overseas•650K listings currently•Could eventually match Airbnb•Advantage in market of Chinese traveling overseasArticle #4: For Airbnb, Growth in India Happening at a ‘Different Level’•Airbnb experiencing rapid growth in India•Easier to gain traction, more open economy than China•India very poor country ($1,700 average annual income)•Travel within India increasing significantly•Room for Airbnb to growArticle #5: Police: Airbnb Host Rigged Condo to Record Sex Parties, Guests Had No Idea They Were Recorded Too•Couple noticed camera in smoke detector•Host banned from Airbnb, arrested•Claimed not turned on when guests there•Disclosure of surveillance devices required by Airbnb Terms of Service•Unclear if one-way camera connected to doorbell would qualifyResources MentionedArticle #1: inman.com/2017/10/10/airbnb-open-homes-offers-free-shelter-to-california-wildfire-victimsOpen HomesArticle #2: engadget.com/2017/10/04/airbnb-wework-business-travel/Business Travel Ready FeatureArticle #3: techcrunch.com/2017/10/10/tujia-raises-300-million/?ncid=rssTujiaArticle #4: economictimes.indiatimes.com/small-biz/startups/for-airbnb-growth-in-india-happening-at-a-different-level/articleshow/60982215.cmsStayzillaArticle #5: abcactionnews.com/news/region-sarasota-manatee/longboat-key/police-airbnb-unit-rigged-with-hidden-camerasAirbnb Terms of ServiceRing Home SecurityAugust Smart LockVRMA National ConferenceEmail David at [email protected] with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpad Hosted on Acast. See acast.com/privacy for more information.

A shocking news story hit the world of Airbnb this week, as a 28 year old man from Michigan has been charged with sexually assaulting a […] Hosted on Acast. See acast.com/privacy for more information.

If you’ve always wanted to be an entrepreneur, but you’re looking for a low-risk way to start small, Airbnb might be the answer. The vacation rental ecosystem is ripe with opportunity, and there is no better way to learn the skills necessary for running your own business than… well, running your own business.Sid Kosatsky started simply, freelancing to help a small boutique hotel in the Dominican Republic set up their Airbnb listings. Hiring cleaners for his own Airbnb listing in the Halifax region of Nova Scotia led to Soapy Cleaning, a company created to find additional work for his team! From there, he established HostOften, a full-service Airbnb property management company.Today, Sid’s team includes a team of seven employees, five of whom are full-time, and he has systems in place that allow him to do the work of growing the business. On the podcast, he shares his advice for aspiring Airbnb entrepreneurs, the technology he uses to save 15 hours a week, and how he built his talented team. Listen in and find out if Airbnb is the entryway to entrepreneurship you have been looking for!Topics CoveredSid’s Airbnb story•Listed room in house last summer (Dartmouth)•Relocated to Truro in May, started renting entire home•Stress around hosting from far away•Interviewing cleaners, considering property management company•Inspired by entrepreneurial podcasts to start his own businesses•Started as freelancer, helping international clients create Airbnb listings•Expanded to HostOften property management•Hired cleaners for HostOften, then created Soapy Cleaning•Automated systems have allowed him to do both•Advertised for clients, employees on KijijiSid’s advice to aspiring Airbnb entrepreneurs•Do it!•Airbnb provides quick and easy entry•Reinvest Airbnb earnings to build businessThe entrepreneurial skills Sid learned from Airbnb•Hospitality•Real estate•Hiring•Managing employees, contractors•Scheduling•Customer relations, guest management•Finances, paying taxesThe software Sid used to create systems•Google sheets (log cleaner, client hours) didn’t work well•Moved to QuickBooks for payroll•TSheets App integrates with QuickBooks (time sheets)•Automation saves Sid 10-15 hours/weekThe responsibilities Sid has outsourced to other employees•Stopped cleaning, check-ins right away•Full-time VA took over scheduling, reviews, guest communication and coordination of maintenance•Lead cleaner has become ops manager (hires, manages new cleaners)Sid’s role in the business•Website maintenance•Procuring new clients•Scripts, systems•Hire, train employeesHow Sid built his cleaning team•Scanned Kajiji for cleaners, part-timers•Conducted interviews (20% didn’t show)•Cleaned with prospects, assessed their work•Fosters culture of fun to attract good employees•Has three core full-time cleanersThe importance of ‘taking yourself out of the equation’•Frees up time to grow business, focus on big pictureThe scale of Sid’s current business•Manages three listings•Wooing five new clients•In talks with landlords, developers•Three full-time, two part-time cleaners•Full-time virtual assistant•Freelancer optimizing SEO for websiteHow Sid found his VA•Has used Fiverr, Upwork in past•Discovered new company (Cara Helps)•Service hires, trains in your softwareSid’s current profits•Airbnb listing income of $5K/month Hosted on Acast. See acast.com/privacy for more information.

According to the recently released Airbnb Asia Pacific (APAC) Travel survey, 71% of travelers highlighted the importance of trying local cuisine. A separate Airbnb study published this week, the 2017 Restaurant Spending Report, found that Airbnb guests generated $6.5 billion dollars for restaurants around the world between September 2016 and September 2017. Airbnb is banking on these trends to continue with its rollout of a new in-app functionality that makes restaurant recommendations and even allows guests to book a table.Jasper is joined by Hostfully CEO and Co-founder, Margot Lee Schmorak, to discuss the connection between food and travel and how Airbnb is capitalizing on guests keen to experience a new place through its cuisine. They also cover recent interviews with Airbnb CEO Brian Chesky regarding the most important attribute for entrepreneurs and the introduction of Airbnb Experiences in New York City— featuring a shoe shopping trip with none other than Sarah Jessica Parker!Jasper and Margot wrap today’s episode with news that Airbnb Co-founder Joe Gebbia has listed his own place on Open Homes, and listener questions about writing guest reviews. Listen in to understand why honesty is the best policy when it comes to leaving feedback on Airbnb!Topics CoveredArticle #1: Airbnb and Resy Team Up to Offer In-App Restaurant Reservations•New functionality allows guest to book table through Airbnb app•Available in 16 US cities•Notify restaurant if late, pay tax/tip through app•Might remove layer of anxiety for international travelers•Will depend on execution•May be hard to get traction (people loyal to Foursquare, OpenTable)•Demo of functionality doesn’t have restaurant reviews•Potential to team with Yelp, OpenTable for reviewsArticle #2: Airbnb CEO Brian Chesky on the Most Important Trait for Entrepreneurs•Identifies childlike wonder, curiosity as crucial trait•Aligns with Margot’s experience at Apple•Good leaders ask questions•Must have open mind•Not afraid to go against mainstreamArticle #3: Airbnb Launches Local Tours in NYC with Sarah Jessica Parker•Rollout of 150 experiences in NYC•Includes shoe shopping experience with Sarah Jessica Parker ($400)•Jury still out on traction of Airbnb Experiences•Hard to make assumptions about urban travelersArticle #4: Food Influences Holiday Destination for 76% of APAC Travelers•71% of people surveyed emphasized importance of trying local cuisine on vacation•Logical for Airbnb to add restaurant recommendations, reservation feature to app•Host still has greatest incentive to give best recommendationsArticle #5: Airbnb: Generating $6.5 Billion for Restaurants Around the World•Study conducted by Airbnb•43% of spending occurs in neighborhood where staying•Spending more than ever before ($40-$100)•London tops list of guest spending in Europe, Prague at the bottomArticle #6: Airbnb Co-Founder Opens up His Own Home•Joe Gebbia has listing on Open Homes platform•Hopes to host refugee family this year•Space boasts impressive collection of art, vintage chairsQ: When a guest breaks the house rules, should I leave a negative review? I am reluctant to do so for fear it will hurt my Airbnb business moving forward.•Should not fear retaliation•Guest can’t see review until they post theirs•Future guests unlikely to dig through reviews of previous guests•Community platform built to weed out bad actors•Honesty is of service to next host•Reviews should be authentic representation of experienceResources MentionedArticle #1: press. Hosted on Acast. See acast.com/privacy for more information.

Airbnb is often cast as the villain in discussions around affordable housing. Aspiring home owners struggle to afford the 5% down payment required for a conventional mortgage, and as increasing numbers of real estate investors use platforms like Airbnb to accommodate tourists, prices get further out of reach for would-be residents.Yifan Zhang is re-casting Airbnb as a force for good in affordable housing with the launch of her new startup. Yifan is the co-founder and CEO of Loftium, a service that provides prospective home buyers with up to $50K for a down payment with the caveat that they list an extra bedroom on Airbnb for 12-36 months, and share the profits with Loftium for the length of the contract.A 29-year-old Harvard grad with experience in the startup world, Yifan became an Airbnb host when she and her husband bought a townhouse in Seattle. The revenue stream from their spare bedroom covered the couple’s mortgage payments, and Yifan got the idea to help prospective home buyers come up with a down payment based on the potential profit of listing a spare room on Airbnb. Today she discusses rising home prices in the US, the strict mortgage regulations in place, and the media attention Loftium has received since its launch. Listen in to learn how the application process works, what happens if a customer breaks their contract, and how Loftium shares Airbnb profits with its hosts.Topics CoveredHow Yifan got the idea for Loftium•Tried hosting herself in apartments, always got caught•Bought townhouse with husband in Seattle•Listing spare bedroom on Airbnb covered mortgage•Seeing revenue stream gave her idea to solve down payment problemHow much a typical down payment costs in the US•Conventional mortgage requires minimum 5%•First-time home buyers who meet qualifications can get 3%•Average price of home in Seattle is $700K (5%=$35K)•Difficult to save for down paymentThe strict mortgage regulations in the US•Can’t use just any funds•Must save up for years•Only other option is gift from parents•Loftium is first regulator-approved source of down payment fundingWhere Loftium operates•Product launch in Seattle•Plans to scale to other cities•Vote for expansion cities on websiteLoftium’s current partners•Mortgage provider Umpqua Bank•Apply down payment to conventional Fannie Mae loanHow the Loftium process works•Go to loftium.com•Look up home for sale•Platform gives estimate of down payment•Use funding to make offerWhat happens if Loftium customer breaks contract•Pay back pro-rata amount of time remaining + termination fee•No consequence if hosting traffic declinesHow hosts and Loftium share Airbnb profits•Split varies, adjusted based on how much customer needs for down payment•Typical split is 70/30How Loftium handles changes in regulations•Only open in markets with regulatory approval•Restricted to spare bedroom in primary residence•If rules change, Loftium has second lien on property•Company gets paid back when customer sells house•No cash burden on customerLoftium’s competitors•ClearBank (Canadian lender)•Works exclusively with existing hosts•Loans for furniture, renovations•Recently added property•Most Loftium customers are first-time hostsHow Loftium supports its customer-hosts•Provides automation, software•Partnering with existing companies•Plan to supply suite of services•Automated keypad, smart messaging, pricing tool Hosted on Acast. See acast.com/privacy for more information.

Take a walk down the yellow brick road of Airbnb news this week for stories of brains, courage and heart, and learn about the brilliant idea behind a new startup in the ecosystem, the resolve behind the mandatory host registration in Paris, and the love story of a host in Philadelphia—who fell for one of her Airbnb guests!Jasper is discussing these stories and your questions with Nicole Prentice Williams, VP of Strategic Partnerships at Hostfully. They get into the details of Loftium, the new Seattle startup that provides aspiring home buyers with up to $50K for a down payment, pending they agree to list a spare room on Airbnb and share the profits. Jasper and Nicole also cover the latest developments in the affordable housing crisis as Paris attempts to enforce its 120-day rule, and an Airbnb romance resulting from a mutual attraction between an American host and her European guest.Last but not least, Jasper and Nicole answer listener questions around Airbnb deductions and the pros and cons of back-to-back bookings. Listen in for their advice about who to contact with tax questions and why it is more lucrative to hire a cleaning service and fill your Airbnb calendar.Topics CoveredArticle #1: A Down Payment with a Catch: You Must Be an Airbnb Host•Startup founded by 29-year-old Harvard grad, Yifan Zhang•Bought Seattle townhouse, rented spare bedroom on Airbnb•Realized income covered mortgage•Founded Loftium to help home buyers with down payment (up to $50K)•Must be willing to list spare bedroom on Airbnb for 12-36 months•Loftium collects portion of Airbnb profits•Strict guidelines (only eight ‘freebie’ days/year)•Partnership with mortgage lender Fannie Mae•Pilot program in Seattle with intention to expand•ClearBank provides similar service for seasoned hosts with proven successArticle #2: You’ll Soon Need to Register Before Renting Out Your Paris Home on Airbnb, Le Figaro Reports•Mandatory registration opens October 2nd•Aimed at curbing city housing shortage•Rules limit homeowners to rentals of 120 days/year•Hosts have two months to comply•Similar policies in San Francisco•May be reaction to UN global housing study•Enforcement difficult with limited resourcesArticle #3: Experience: I Fell in Love Through Airbnb•Reluctant host accepted same-day booking•Drawn to guest right away•Spent time together, mutual attraction•Pursuing long-distance relationship•Brings up issues of professionalism, awkwardnessQ1: Can I only list my home on Airbnb, or do I need to actually have rentals before the end of the year to claim deductions for this year? Can I claim deductions next year for improvements and spending that occurred this year?•Contact your CPA for accurate info•Shared Economy CPA specializes in AirbnbQ2: Does having a day before and after each booking really hurt me? I like to be able to clean the space myself.•Will miss out on bookings•Consider hiring cleaning service•Cost 10-20% of potential revenueResources MentionedArticle #1: https://www.nytimes.com/2017/09/18/your-money/mortgages/loftium-airbnb-down-payment.htmlLoftiumFannie MaeClearBankArticle #2: bloomberg.com/news/articles/2017-09-16/airbnb-paris-rental-agents-to-register-from-oct-2-figaro-saysUN Study: Global Housing CrisisArticle #3: theguardian.com/lifeandstyle/2017/sep/15/experience-i-fell-in-love-through-airbnbShared Economy CPAAirbnb News Facebook Group Connect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Hosted on Acast. See acast.com/privacy for more information.

The beautiful thing about Airbnb is that it provides an avenue for inspired entrepreneurs to leave jobs that aren’t fulfilling and start their own businesses in the vacation rental ecosystem, and today’s guest is a perfect example. Beautification Specialist Lily Troupe is the founder of Under Control Short Stay Management, Melbourne’s premiere turnover service and management company.Lily’s previous career as a social worker was incredibly demanding: She was working 12-hour days, but enjoying little financial reward. Feeling drained, she took a sales job with a network marketing firm and started cleaning and styling homes for extra money. One of Lily’s clients happened to be an Airbnb host, and when she went away on holiday, Lily was asked to help with check-in.Lily’s reputation for attention to detail and exceptional communication soon spread, and her contact information was passed on to other hosts. In June of 2016, she officially expanded her offerings to include Airbnb servicing and management, and Lily established Under Control Short Stay Management. Today she shares how her service goes beyond just cleaning, what you can do to make a space more welcoming, and important information to share with your Airbnb guests. Listen in to learn how Lily has made cleaning an art form!Topics CoveredLily’s introduction to Airbnb•Cleaning homes for extra money•Airbnb host as client going on holiday•Asked Lily to do check-ins, co-host•Referred to other Airbnb hostsThe skills Lily leveraged to turn this service into a business•Communication with hosts•Connection with clients (hosts and guests)•Understand needs beyond cleaning (five-star ratings)•Respect for homeHow Under Control Short Stay Management is more than just a cleaning service•Relationships with parties involved•Offers cleaning as ‘art form’•Connection with space•Commitment to make space beautiful•Provides sense of peace for guestThe importance of an initial scan of the property•Look for damage, anything untoward•Take photos and contact host immediatelyHow Lily makes a space more welcoming•Towel, toilet paper origami (e.g.: lotus flower)•Attention to detail (i.e.: spotless mirrors)How Lily approaches guest interaction•Gather info about guest at check-in (personality, purpose of trip)•Spends additional time with talkative guests•Respond immediately to questions through Airbnb appThe information Lily shares with guests•Local entertainment•Closest coffee shop, cafes•Where to catch train/tram•Affordable carparkHow Lily handles a double booking•Support on standby to provide backupConnect with Lily Under Control Short Stay ManagementResourcesDrop Bears on WikipediaHoop Snakes on Wikipedia Connect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests! Hosted on Acast. See acast.com/privacy for more information.

Sometimes you get away because you want to, and sometimes you get away because you have no choice. Airbnb news this week features stories of both—from Americans heading to Britain to enjoy an affordable escape to Floridians fleeing the imminent threat of Hurricane Irma.Jasper is joined by Glenn Carter, Head of Marketing at Hostfully, to discuss the incredible jump in Airbnb visitors to Britain since Brexit, as well as the heartening story of the Miller family who found refuge from the hurricane barreling toward Florida with an Airbnb host in Indiana who offered his listing for free. They also cover the fire at a New Zealand Airbnb that sent its Malaysian guests to the hospital, highlighting the need for safety precautions and the difficulty of enforcing the Responsible Hosting Guidelines.It wouldn’t be a Get Paid for Your Pad news episode without the latest developments in vacation rental regulations, so Glenn and Jasper are duty-bound to discuss the German host who managed to get away from the municipality’s very strict Airbnb rules via a lawsuit against the State of Berlin, and a rule-following host in Iceland who learned why so many hosts list on Airbnb illegally. Finally, they explain the surge in cryptocurrency startups who seek to get away from platforms like Expedia and Airbnb entirely, using blockchain technology to decentralize the travel industry.Topics CoveredArticle #1: Airbnb Host Waives Cost for Jacksonville Family That Evacuated Due to Irma•Airbnb activated Disaster Response Program (through September 29th)•Free listings in NC, SC, GA, AL and IN•Miller family from Jacksonville traveled 795 miles to New Albany, IN•Kids have special needs•Brought pets•Airbnb host Brandon Thompson waived fee for familyArticle #2: Airbnb Urges Housing Reform in Berlin After Court Overturns Permit Rejection•Very strict short-term rental regulations in Berlin, steep fines•Host took State of Berlin to court and won•Judge granted permit to rent for 182 days/year•Municipalities willing to compromise will see increase in tourism dollars•Efficient use of space when resident on holiday•Location-specific rules based on tourism, locationArticle #3: An Airbnb Owner Speaks Out•Airbnb host in Iceland travels with circus for work•Out of country up to six months/year•Following rules, complicated permitting process•Commercial operators should be taxed as businessesArticle #4: Christchurch Airbnb Fire a Wakeup Call for the Accommodation Industry•Malaysian family hospitalized after fire in New Zealand Airbnb•Did not have fire escapes, other safety measures•Airbnb encourages hosts to install smoke alarms, carbon monoxide detectors•Hosts also urged to provide fire extinguisher, evacuation plan•Difficult to enforce Responsible Hosting Guidelines•Airbnb providing 36,000 ‘free’ smoke detectors•Debate around adhering to same safety standards as hotels•Could be easy win for AirbnbArticle #5: Airbnb Sees 80% Jump in Visitors to Britain•Influenced by Brexit, decrease in value of £•More affordable for Americans, Canadians•Average UK host makes $4,000 /year (36 nights)•Average age of host is 43•Fifth largest geography for Airbnb globally•Benefits for growing # of hosts over 65 (e.g.: supplemental income, social aspect)Article #6: Winding Tree is the New Kid on the Blockchain Set on Disrupting Airbnb and Expedia•Envision world where platforms out of picture•Seek to decentralize travel industry, all done on blockchain tech•Startups raising millions of dollars•Would eventually make Airbnb obsolete Hosted on Acast. See acast.com/privacy for more information.

As the saying goes, ‘Keep your friends close and your enemies closer.’ So when Jasper had the chance to speak with one of Airbnb’s fiercest critics in Amsterdam, he took full advantage of the opportunity and invited the journalist to be a guest on this week’s Get Paid for Your Pad.Sander Schimmelpenninck is the editor-in-chief of Quote magazine, a Dutch monthly publication most well-known for the Quote 500, a list of the 500 wealthiest people in the Netherlands. Quote focuses on the business, finances, and networks of life at the top. In 2014, Sander wrote an opinion piece on the dangers of Airbnb in the Amsterdam market, discussing the impact of the vacation rental platform on the city as its concept shifted from that of a shared experience to a money-making machine for real estate investors avoiding income tax. He shared his concerns about the lack of regulation and how Airbnb made it increasingly difficult for Dutch residents to find an affordable home in a city overrun with the wrong kind of tourists.Though he is not opposed to Airbnb as a concept, Sander does advocate for local governments to establish legislation specific to the needs of each city. Today he shares his love-hate relationship with the vacation rental market, explaining why regulations were necessary in Amsterdam, the downside of hosting so many tourists in the city, and his take on short-term rental management companies. Listen in as Jasper and Sander debate the pros and cons of Airbnb!Topics CoveredSander’s introduction to Airbnb•First heard about platform when traveling west coast of US•Family members enthusiastic about concept•Friends started using as hosts, some made lifestyle•Sander annoyed by fact that people not paying taxesWhy Sander wrote the anti-Airbnb article in 2014•Airbnb still relatively small•Sander saw what platform could do•Real estate moguls renting to tourists to double their money•As small, densely populated city, Amsterdam vulnerable•Favored concept during crisis, helped regular people•Real estate investors buying property solely for Airbnb•Important that Dutch who want to live in city can find affordable homeThe downside of tourists vs. Dutch renters•City branding attracts certain type of tourist (drug use, prostitution)•Short-term rental platforms bring in low-cost travelers•Tourists not invested in property as homeThe current Airbnb stats in Amsterdam•15,000 active rentals•$178 average daily rate•75% entire homes, 25% private rooms•Can only rent entire home for 60 days•10,000 active hosts (88% single listing, 12% multiple listings)•18% Superhosts•Hosts with multiple listings comprise 38% of available listingsSander’s take on Airbnb regulations in Amsterdam•Necessary to stabilize tourism•60 days still quite long (30 days would be better)•Meeting tourists in shared hallway, doesn’t feel like home•Sander endorses shared rooms on AirbnbWhy Sander supports regulations specific to each city•Some cities rely on tourism for economic development•Empty homes make regulations unnecessary•Holland boasts strong economy, need people to live and work thereSander’s attitude toward other vacation rental platforms•booking.com very aggressive, focus on promoting short-term rentals•Attracts different kind of traveler than Airbnb•All platforms should follow same rules as AirbnbHow Sander views short-term management companies•Some companies legit, don’t take illegal listings•Others aggressive, must rent illegally to afford up-front payment Hosted on Acast. See acast.com/privacy for more information.

Airbnb has the capacity to change lives—for better or worse. This week’s headlines include an inspiring story of how the short-term rental platform has helped a Superhost from Tanzania afford schooling and travel, and even become an advocate for the Maasai culture around the world.Another story of Airbnb changing a host’s life for the better features Jasper himself. In an interview with the Huffington Post, he explains how he used Airbnb to quit his successful career in finance and travel the world. Today on the podcast, our newsworthy host is joined by David Jacoby, President and Co-Founder of Hostfully, to discuss these stories of Airbnb’s positive influence, as well as a couple of situations where vacation rental sites changed someone’s life for the worse: The Miami homeowner facing $500K in fines because his tenants listed illegally on Airbnb, and travelers who lost a lawsuit against HomeAway over a fraudulent listing.Jasper and David also answer listener questions about furnishing your Airbnb, offering suggestions regarding where to shop as well as ideas around branding. Listen and learn how to budget for your Airbnb furnishings and what qualifies as a business deduction!Topics CoveredArticle #1: Whatever Happened to … the Airbnb ‘Superhost’ From Tanzania?•Godwin Ndosi joined Airbnb in 2015•Rented rooms in family home for $15/night•200 guests in first year•Met people from all over the world•Became Superhost, built additional dwellings in backyard•Able to afford university, travel•Advocate for Maassai cultureArticle #2: These Homeowners Faced an Airbnb Nightmare as Renters Left Them Facing Huge Fines and Angry Neighbors•Miami Beach landlord rented to tenants who listed illegally on Airbnb•Homeowner fined nearly $500K•Airbnb slow to respond (until media coverage began)•Landlord had to find listing himself•Home also listed on new site, Vacayo•As cities develop best practices, homeowners should not be held liable for tenants acting illegally•More and more landlords do allow Airbnb•Platforms like Pillow facilitate win-win for renters, landlordsArticle #3: Section 230 Helps VRBO Defeat Claim Over Fraudulent Listing—Hiam v. HomeAway•Traveler booked listing on VRBO, sent wire transfer•Booking fell through, but money not returned•Judge ruled in favor of HomeAway•Communications Decency Act Section 230 provides immunity from liability for platforms publishing content provided by others•Precedent went other way in San Francisco (Airbnb not ‘just a listing platform’)Article #4: The Disgruntled Ex-Stock Trader Who Used Airbnb to Create a Jetsetting Lifestyle•Jasper featured as successful online entrepreneur•Left lucrative career in finance•Travels the world, financed via Airbnb•Continued focus on personal growth•Negative reaction led to next podcast interview with Airbnb opponentQ: How much should I spend on furnishings for my Airbnb? Where do hosts get their furnishings?•Discussed in detail on EP175•Hire local interior designer•Buy from local artists•Decorate around theme (branding differentiates your listing)•$5,000—$7,000 budget (depending upon location, theme)•Shop at IKEA, secondhand stores•Deduct purchases as business expense (30% off)Resources MentionedArticle #1: npr.org/sections/goatsandsoda/2017/09/02/547028077/whatever-happened-to-the-airbnb-superhost-from-tanzaniaArticle #2: cnbc.com/2017/09/01/airbnb-nightmare-homeowners-fined-after-renters-illegal-listings.htmlVacayo500 StartupsPillowGPFYP EP175: How to Integrate Airbnb in Your Real Estate Business... Hosted on Acast. See acast.com/privacy for more information.

Many Airbnb guests are looking for a chance to unplug and truly get away from the madness of modern life. David Fraser has developed a low-risk Airbnb model that capitalizes on this by building log cabins on his property, and he is keen to share his best practices with the Get Paid for Your Pad audience.David happened into the idea accidentally because his family had no place to sleep when they visited his country home outside Toronto. His mother sent him an ad for a cabin on Kijiji, and David began to wonder if such a rustic experience would do well on Airbnb when his family wasn’t staying there. He did a little market research by creating a listing, using stock photos of the cabin and pictures of the view from his backyard, and to his surprise, there was significant interest. David accepted his first booking and built the cabin from a kit—two days before the guests arrived!Nearly three years later, David has expanded his enterprise to three cabins and a shared bathroom facility. All the units have paid for themselves, and he is able to generate $4,000 CAD/month in cashflow. Today he explains how he developed the concept, from choosing a cabin to furnishings to maintenance. Listen to understand how David handles the seasonality of bookings and the potential for regulations down the road. If you are in the right situation, the log cabin model might work for you!Topics CoveredHow David developed the log cabin concept•Moved to the country•No place for family to sleep when visiting•Mom sent ad for cabin on Kijiji•Created Airbnb listing to test market•Received interest, accepted booking•Built cabin two days before arrival of first guest•Refined process, added amenities•Built two additional cabins and shared bathroomHow much the cabins cost•$4,400 CAD for the first one•Negotiated with European company for wholesale price on next two•Between $3,500-$8,000 CAD•All cabins are 105 ft² (don’t need building permit)How David furnishes the cabins•Queen bed•Writer’s table•Dressers•Heaters•Electric blanket, fan•Premium cabin has loft, A/C•Rustic theme (most furniture used)•Spend $1,000 per cabin on furnishingsThe process of building the cabins•David, his wife and father-in-law built in two days•Comes with complete kit•Ensure area is level•Could pour cement pad as foundation•David recommends 6x6 pressure-treated lumberDavid’s ROI•First year with single cabin, made $6,000 CAD (170% ROI)•Single cabin this year generated $8,000 CAD (200% ROI)•Additional cabins built this spring have already paid for selves•Made $4,000 CAD last monthHow David approaches maintenance•Changeover requires sweeping, change of bedsheets•Simple because no bath/shower to clean•Replace bedsheets as necessary•Few things to break, not costly to replaceThe seasonality of bookings•Didn’t anticipate bookings in January, February•Closed listing in 2016 while traveling•Kept open in 2017, still made $2,000 from January—March•Installed two heavy-duty heaters•May try pellet stoves this winterThe legality of Airbnb in David’s municipality•Hasn’t ruled for or against (only two hosts in area)•David is building up client base of regulars in case of eventual regulationsThe primary market for David’s cabins•People in nearby cities looking to getaway•One- or two-day tripThe benefits of the log cabin concept•Low risk•David is willing to chat about your specific situation, Hosted on Acast. See acast.com/privacy for more information.

Airbnb has gone Hollywood on us this week, enlisting the help of A-list celebrity Danny Glover to combat racism on the platform as well as marketing several insider Hollywood Airbnb experiences with costume designers and choreographers, among others.Jasper is joined by Hostfully CEO and Co-Founder Margot Lee Schmorak to discuss these high-profile stories from La La Land and other Airbnb headlines, including the activation of the Disaster Response Program for evacuees of Hurricane Harvey and how competitors HomeAway and TripAdvisor are differentiating themselves from Airbnb—and enjoying continued growth.Jasper and Margot also cover an article explaining how to handle guests who break the rules, offering their own tips and tricks born from experience. Finally, they address listener confusion around cancelling reservations and declining booking requests. Listen and learn how to set filters for Instant Book and what to do if you don’t feel comfortable with a guest who booked your Airbnb.Topics CoveredArticle #1: How to Handle Airbnb Guests Who Break the Rules•Publish house rules (booking indicates acceptance)•Provide guests with printed copy, mention as well•Request a security deposit (must still file claim with Airbnb)•Some hosts ask guests to sign separate agreement•Ignore minor infractions•Discuss issues with guests first in effort to resolve•Use Airbnb resolution tool as last resort•Must have evidence (e.g.: photos, admission from guest)•Include charge for cleaning fee•Safeguard private documents, valuables in safe or locked closetArticle #2: Airbnb Hires Danny Glover to Address Racism Allegations•High-profile actor, social justice advocate•Will serve as advisor to Airbnb•Aim to get more communities of color to list on platform•Glover impressed by Airbnb’s commitment (Blog post on Medium)•Partnership with NAACPArticle #3: Airbnb Launches Insider Hollywood Experiences with Choreographers, Costume Designers and More•Highlights Airbnb Experiences available in Hollywood•Shopping tour with Mad Men, Deadwood costume designer•Dance instruction with Michael Jackson’s choreographer, Kenny OrtegaArticle #4: Airbnb is Helping Hurricane Harvey Evacuees Find Shelter•Airbnb is waiving service fees for evacuees•Check-ins between 8/23 and 9/1•Encouraging homeowners to list for free•Approximately 168 free listings in Dallas, Austin and San AntonioArticle #5: How Two Old School Travel Platforms are Beating Airbnb•HomeAway reported 50% quarter-over-quarter revenue growth•Positioning selves as platform for higher-end vacation rentals, popular tourist destinations•TripAdvisor has seen listing numbers increase from 50,000 to 830,000•Growth may be attributed to acquisitions•All players growing•Short-term rental market at $100B currently•Projected to reach $285B by 2025Q: I have concerns about being penalized for canceling reservations. Under what circumstances am I allowed to decline an inquiry? How about an instant booking?•No penalties associated with declining an inquiry/booking request•Only consequence is fewer reviews, bookings (affects position in search results)•Can set filters for Instant Book so only guests who meet requirements can book instantly•Standard—profile picture, confirmed email address, phone number and payment info•Additional options—government issued ID, host recommendation, all positive reviews•Allowed to cancel instant booking three times per year without penalty if uncomfortable with guest•To cancel fourth time, must contact Airbnb in advance of cancellation Hosted on Acast. See acast.com/privacy for more information.

What happens in Vegas, stays in Vegas?The city may have a reputation for forgiving indiscretions, but not-so-much if your misdeed involves Airbnb hosting without the proper permit. In fact, the regulations around short-term rentals are incredibly strict in Las Vegas, and only the serious Airbnb entrepreneur will invest the time and money required to clear all the necessary hurdles.Dillon is very familiar with the complex process of licensing in Las Vegas. He and his wife found their dream home in the city, but it was a little large for just the two of them. They decided to pursue Airbnb as a way to maintain the home and generate extra income. Unfortunately, Dillon was ‘turned in’ by an anonymous tipster, and forced to cancel upcoming bookings until he received the appropriate permit.Today Dillon walks us through the process, explaining the different types of available short-term rental permits, the fines associated with illegal hosting in Sin City, and the reason why regulations are so severe. Listen in as he shares the extra steps he took to secure the coveted Special Use Permit.Topics CoveredWhy Dillon chose Airbnb over long-term rental•Make three to five times more with short-term•Make money rather than break evenHow Dillon got caught doing Airbnb without a permit•City putting together task force to go after hosts•Until then, rely on neighbors to turn people in•Anonymous tip may be from competitors with permitsThe financial hit Dillon took pursuing the licensing process•Seven months lost income (bookings)•$2,000 in costs associated with obtaining permit•Approximately $10,000 totalThe fines associated with illegal Airbnb hosting in Las Vegas•Dillon received warning first (cease and desist)•Given ten days to come into compliance•Had to cancel future bookings ($50 each)•Can be fined for noise, lack of business license/permit ($2,000/day)Why regulations are so severe in Las Vegas•Scotch Eighties neighborhood (not gated)•Mansions owned by older, wealthy citizens•Homes purchased for Airbnb (parties)•Disruption of quiet area led to legislationThe Conditional Use Verification permit•Only available to small subset•Owner-occupied, renting portion of home•Pay $500 to obtain approval•Must renew annuallyThe process of obtaining a special use permit•Go to Department of Planning, set up process•Attend pre-application meeting (architectural drawings, plan)•Appear at Planning Commission hearing (automatic denial)•Appeal to City Council ($500 fee)•Once approved, valid permit stays with property foreverHow Dillon took extra steps to receive approval•Wrote letters to City Council members, mayor•Met with individual members of City Council•Asked for feedback on improving plan•Got neighbors on boardThe rules around short-term rentals outside the city proper•Illegal in unincorporated townships and county•Illegal in North Las Vegas as well•Anything under 30 days is considered short-term rentalResourcesAudibleGet Paid for Your Pad Audiobook Connect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests! Hosted on Acast. See acast.com/privacy for more information.

“…I am not sure Airbnb’s million-dollar insurance policy would cover rebuilding an eighteenth-century manor house.” Would you believe that British and Irish aristocrats are chewing over […] Hosted on Acast. See acast.com/privacy for more information.

Want to get the girl and found a startup? Become a remote host on Airbnb. Perhaps it’s not quite that easy, but it worked for GuestBook […] Hosted on Acast. See acast.com/privacy for more information.

I agree to treat everyone in the Airbnb community—regardless of their race, religion, national origin, ethnicity, disability, sex, gender identity, sexual orientation, or age—with respect, and without judgment or bias. Creating an account on Airbnb requires agreeing to the platform’s Community Commitment. When Airbnb became aware of users making plans to attend a white supremacist rally in Charlottesville, Virginia, the company took action to delete those accounts, and CEO Brian Chesky spoke out against Unite the Right, saying, “The violence, racism and hatred demonstrated by Neo-Nazis, the alt-right, and white supremacists should have no place in this world.”Jasper is joined by Hostfully marketing guru, Glenn Carter, to discuss Airbnb’s strong stance against the white nationalist philosophy. They also cover the latest in Airbnb’s ongoing conflict with the hotel industry, examining the Hotel Association of New York City’s hiring of a private security firm to hunt down illegal activity on the platform.But the news isn’t all bad! Glenn and Jasper also mention Airbnb’s latest milestone: The home-sharing site’s unprecedented four million listings – which account for more than the top five hotel chains combined. Other wins for Airbnb this week? They have announced a partnership with Vice Media that will promote their Experiences travel packages, and you can now book an entire island in Belize on Airbnb for a romantic getaway. Listen in to learn about these stories, as well as Google’s entry into the short-term rental space.Topics CoveredArticle #1: Airbnb is Deactivating Accounts of People Trying to Attend a White Supremacist Rally•Airbnb banned all accounts with suspected affiliation•Chesky doubled down after rally, citing Airbnb Community Commitment•Some believe Airbnb should allow accounts, ‘everyone has right to opinion’•Others support decision, agree that hate speech is criminal in nature•Airbnb has right to ban users from platform•Difficult to hide behind veil of free speech when advocate violenceArticle #2: Airbnb Now Has More Listings Worldwide Than the Top Five Hotel Brands Combined•Airbnb has 4M listings in 191 countries (500K in 2012)•US remains biggest market (660K listings), followed by France, Italy, Spain and UK•2M listings are instantly bookable•Popularity stems from desire to earn income from asset already own•Would be interesting to know number of hosts (average of three listings/host in March 2016)•Regulations requiring listing to be primary residence may alter dataArticle #3: Airbnb Has Shut Down 524 Portland Locations Since January•Violated policy against multiple listings•City regulations require operators to live in home they’re rentingArticle #4: Vice Partners with Airbnb to Offer Travel Packages•Youth-focused digital media company, promotes ‘living on the edge’•Joint venture will give away 100 customized tours•Moving forward, Airbnb will keep tour profits•Vice will receive advertising spending from Airbnb to market ExperiencesArticle #5: You Can Rent an Entire Island for $595 a Night on Airbnb•Bird Island in Belize•Perfect setting for romantic getaway•Accommodates up to six peopleArticle #6: Hotel Association Hires Ex-Cop to Track Illegal Activity on Airbnb•Former NYPD officer, Secret Service who founded private security firm•Undercover looking for criminal activity caused by Airbnb usersArticle #7: Meet Airbnb’s Newest Competitor: Google•Google making listings viewable through hotel search engine•7,000 listings exclusive to Europe thus far•Links to Priceline and booking.com Hosted on Acast. See acast.com/privacy for more information.

As children, we are taught to fear people we don’t know, and concerns about ‘stranger danger’ make potential Airbnb hosts hesitant about joining the platform. The good news is, there are a number of steps you can take to screen potential Airbnb guests that will ensure your safety – and improve the quality of the experience for guests who do make the cut!Tanner Henkel is an Airbnb Superhost out of Toronto. He moved to the city in November of 2016, and quickly realized that his new building in the heart of downtown was prime real estate for Airbnb. Tanner enlisted the help of his roommate as a co-host, and now he has the opportunity to travel – and earn a substantial income through Airbnb.After a frustrating experience with a guest who didn’t communicate his specific needs, Tanner developed a vetting process to protect his Airbnb business and verify that guests have appropriate expectations. Today he shares what he’s looking for in a guest profile, how he communicates with potential guests to ascertain their needs and expectations, and his advice around red flags to avoid. Listen and learn how you can apply filters to the Instant Book feature so that only guests who meet minimum requirements can Instant Book your listing!Topics CoveredHow Tanner got started with Airbnb•Moved to Toronto in November 2016•Master suite in new building, heart of downtown•Didn’t want to be locked into one location•Read Get Paid for Your Pad•Enlisted roommate as co-hostThe concerns Tanner had getting started with Airbnb•Guests might ruin house, throw parties•Obtaining consent from building managementHow Tanner compensates roommate for co-hosting•Shares income 70/30 when roommate covers check-in and cleaning•Tanner assumes hosting responsibilities when in townThe experience that led Tanner to screen guests•Guest surprised by shared space (despite clear description on listing)•Several issues during stay (bathtub depth, using key fob for building access)•Left after only two nights of 8-day reservation•Tanner contacted Airbnb to resolve•Gave guest partial refund•Airbnb cancelled remainder of reservation (no penalty to host)•Able to recoup moneyHow Tanner screens Airbnb guests•Review guest profile for reviews•Read reviews guest has written (for special requests)•Confirm guest has complete profile with clear pic of face•Confirm that guest has verifications, references•Communicate with guests prior to visit, clarify expectations•What will you be doing when you’re in town?•Who all is staying?•Have you used Airbnb before?•Have you visited the city before?•Use info to tailor guest experience, provide relevant informationRed flags to look out for•Profile picture doesn’t show face•Spare profile•No verifications•No social media accounts connected•Not responsive•Wants to communicate off-platform•Asks about neighbors, doorman, surveillanceHow Tanner handles the Instant Book feature•Uses filters•Guest must be verified, have certain number of reviews•Requires 48-hour lead timeWhy Airbnb encourages use of Instant Book•Improves usability of platform•Prevents discriminationInstant Book considerations for hosts•Can cancel three times without penalty•Must jump through hoops to turn off•Make use of filters to keep business safeConnect with TannerTanner’s Airbnb Host ProfileResourcesGet Paid for Your Pad: How to Maximize Profit from Your Airbnb Listing by Jasper Ribbers and ... Hosted on Acast. See acast.com/privacy for more information.

Friends, foes and IPOs dominated Airbnb news this week. The company’s agreement with the city of Barcelona made headlines, as did its response to the New York hotel industry’s vicious attack ad with a powerful commercial of its own. Is Airbnb getting its proverbial ducks in a row in preparation for an IPO?Hostfully President and Co-Founder David Jacoby joins Jasper to talk through the comprehensive overview of Airbnb that hit the pages of Skift this week, exploring the company’s development and how its preparation to go public is likely affecting leadership’s decisions. They also address the details of the reconciliation with Barcelona and the ongoing rift with the hotel lobby, as well as a recently published Airbnb price comparison map of Europe. Spoiler alert: Macedonia may become a new vacation hotspot for travelers on a budget!David and Jasper close with the popular Q&A portion of the show, speaking to your concerns about the Airbnb Extenuating Circumstances Policy, a possible glitch in the new tool that links calendars for hosts with multiple listings, and listing on multiple platforms. Listen in for property management software recommendations and advice around contacting Airbnb right away when unusual circumstances arise.Topics CoveredArticle #1: Hunting for an Airbnb Bargain? Map Reveals the Lowest Nightly Rates Around Europe•Useful for travelers looking for affordable options•Iceland is most expensive at £112 (approximately $170)•Scandinavian countries also expensive•Macedonia (£26), Albania (£27) and Moldova (£28) are most affordable ($40-$50)•Bulgaria, Poland and Slovakia surprisingly affordable•Rates seem to correlate with how expensive countries are in general•Greece, Switzerland much more expensive for party of six vs. party of two•Andorra, Liechtenstein very cheap for larger groupsArticle #2: Airbnb Slams NYC Hotel Industry’s ‘Attempt to Protect Their Ability to Price Gouge’ in New Ad•Response to attack ad linking short-term rental to terrorism•Features stay-at-home dad who supplements income with Airbnb•Airbnb spending $500,000 to broadcast•Highlights other side of affordable housing debateArticle #3: Airbnb’s Road to an IPO: Everything You Could Possibly Need to Know•Comprehensive overview of company•Discusses regulatory battles and discrimination issues•Examines Instant Book and employee fatigue•Ambition to become a ‘super brand of travel’•Mentions David and Jasper!Article #4: Barcelona and Airbnb Reach Deal After Months of Conflict•Airbnb agreed to remove listings lacking permit•Barcelona seeks to curb boom of visitors•Airbnb resolving disputes city by city•Played out differently in NY (hosts fined rather than Airbnb)•Agreements with local municipalities give Airbnb leg up on competitorsQ1: A guest who had reserved my apartment for a month contacted me to say he wasn’t coming because his wife had passed away; however, he didn’t cancel his reservation. As a result, my calendar was blocked, and I was unable to book any other guests during that time. Now Airbnb has informed me that they are deducting the full amount I received from the guest per the Extenuating Circumstances Policy. I am sympathetic to the guest’s situation, but Airbnb is an important source of income for me. Now I am having trouble contacting Airbnb. What should I do?•Contact Airbnb right away when uncommon situations arise•Should have requested that Airbnb cancel reservation•Call 1-855-424-7262 in US•Search Airbnb customer service numbers by countryQ2: I have three listings on Airbnb, and I make use of the option to link the calendars to avoid double bookings. Hosted on Acast. See acast.com/privacy for more information.

As rental prices continue to rise, more and more apartment residents are tempted to enlist Airbnb to help cover the cost – with or without the landlord’s permission. Luckily, a growing number of landlords recognize that permitting short-term rentals could increase their profits and attract new residents to their buildings. That’s where Pillow Residential comes in. This new product offering allows building owners to offer the Airbnb option as an amenity for residents, and Pillow in turn gives landlords transparency regarding who’s in their buildings and a cut of the profits.Sean Conway, Co-Founder and CEO of Pillow, has a huge passion for travel. After the sale of his first startup venture, Notehall, Sean backpacked all over the world, staying in Airbnb properties. Sean finds that he is his best self when he travels, when he has the opportunity to interact with other cultures, and he wanted to make it easier for others to afford to travel and feel that same human connection.Sean launched Pillow in San Francisco in 2014 with the intention of taking the hassle out of hosting. The company has expanded to a dozen cities, providing short-term property management services and promoting the concept of global citizenry. Today Sean talks through the details of the new product, explaining why his team developed the amenity, how Pillow Residential benefits landlords and residents alike, and the demand he has seen for the product thus far. He also shares his point of view regarding the greatest challenges in the vacation rental space as well as his take on the future of the Airbnb ecosystem.Topics CoveredWhy Sean developed the new product, Pillow Residential•Rental prices higher than ever (35-45% of income in some locations)•Landlords willing to allow Airbnb, but calling for structure•Pillow Residential helps residents earn income while on vacation•Prevents violation of HOA, lease agreement•Allows landlord to feel comfortable•Works with city regulationsThe benefits of Pillow Residential for landlords•Amenity attracts residents•Provides insight, transparency re: who’s in building•Increases applicant pool, occupancy•Offers landlords cut of profitsHow Pillow Residential works•Opportunity assessment (gives landlord sense of what might earn)•One-hour onboarding session•Pillow creates landing page for residents•Pillow sends residents an email explaining new amenity•Residents sign in through landing page, property manager monitorsThe high demand for Pillow Residential•110 signups•60,000 unitsSean’s take on the greatest challenge the Airbnb ecosystem faces•Pillow has 200 SOPs•80% of situations fall into top 20% of SOPs•Create standardization AND keep personalizationSean’s conviction that the Airbnb ecosystem will continue to thrive•Airbnb changing way people live•Millennials embracing digital nomad lifestyle•Opportunities for wide range of players•Room to grow in industryThe tools Pillow uses to manage client listings•Zendesk customer service software•Previous partnership with Everbooked (metrics, pricing)•Built personalized internal tools for customersSean’s view of the Airbnb IPO•Won’t change the landscape of short-term rental industry•‘I’m fine either way’Sean’s prediction of what’s next in vacation rentals•Consolidation will continue•booking.com, Expedia and Airbnb will continue to thrive•Opportunities for niche markets (i.e.: Innclusive, Mrbnb)Connect with SeanPillowEmail [email protected] Hosted on Acast. See acast.com/privacy for more information.

The hotel lobby has crossed a line this week with an ominous ad linking Airbnb to terrorism. Airbnb spokesperson Peter Schottenfels referred to the commercial as ‘an outrageous scare tactic’ and argued that the big hotels sponsoring the ads have lodged terrorists themselves.Today Jasper is joined by Noah Neiman, Hostfully Co-Founder and Head of Product, to offer their takes on the tenuous argument made in the attack ad and share their recent adventures dealing with short-term rental hosts making unexpected requests. They also cover the incredible growth of Tujia, Airbnb’s Chinese competitor, and the staggering boost in Airbnb bookings associated with the solar eclipse taking place August 21st.Listen in to learn how Airbnb CEO Brian Chesky handles his lengthy to-do list, and how you might handle a bad review that stems from charging a guest for damages. Noah and Jasper conclude with a question from the Facebook group around Smart Pricing. Learn why Airbnb has an incentive to keep prices low and how you can use an alternative third-party service to determine the optimal price for your listing!Topics CoveredArticle #1: New York City’s Hotel Industry Links Airbnb to Terror in Harsh Ad•Refers to Manchester attack•Intends to instigate fear•Link tenuous at best•Airbnb calls ad ‘outrageous scare tactic’•Counterargument that terrorists also stay in hotelsArticle #2: Ctrip Keeps Supporting Tujia ‘WeChat Hotels’ to Engage in Shared Housing•Airbnb competitor in China•Partners with text app and travel service site•Triple digit growth since 2016•Airbnb may need local partners to competeArticle #3: Airbnb Expects its Biggest Night Ever in South Carolina Thanks to Total Solar Eclipse•Solar eclipse on August 21•Path of eclipse through many rural areas (with few hotels)•Airbnb bookings five times higher than usual•Hosts should use dynamic pricing appsArticle #4: The CEO of Airbnb Starts Each Morning with a Simple but Effective Twist on the Standard To-Do List•Start with exhaustive list of things to accomplish•Group similar tasks, choose one that will cover all in group•Refine to a few big tasks•Shark Tank investor Barbara Corcoran uses similar strategyQ1: A guest spilled red wine on my table runner. Should I take part of the deposit to cover the cost? I am worried about receiving a poor review in retaliation.•Yes – if cost is significant percentage of rental fee•Can request to have unfair review removed or respond to review with explanation•One bad review won’t destroy your business (80% five-star reviews necessary to maintain Superhost status)•No guarantee host will receive portion of security deposit•Claim before next guest arrives, within 14 days•Guest can accept or decline•Airbnb investigates, mediates resolution•Documentation necessaryQ2: Airbnb Smart Pricing doesn’t reflect the optimal price for my listing. Why?•Airbnb branded as affordable alternative to hotels•Must consider best interest of guest•Incentive to keep prices low•Use a third-party service like Beyond PricingResources MentionedArticle #1: nydailynews.com/new-york/new-york-city-hotel-industry-links-airbnb-terror-harsh-ad-article-1.3370202Article #2: prnewswire.com/news-releases/ctrip-keeps-supporting-tujia-wechat-hotels-to-engage-in-shared-housing-300496413.htmlArticle #3: postandcourier.com/business/airbnb-expects-its-biggest-night-ever-in-south-carolina-thanks/article_92fd8f00-6cb7-11e7-987d-dfa9e3dc33da.htmlBeyond PricingSmart Pricing How-ToArticle #4: businessinsider. Hosted on Acast. See acast.com/privacy for more information.

So you’ve been hosting on Airbnb for a while now, and you’re loving it. Maybe you’re thinking about expanding your business to include an additional property, but you don’t have a ton of capital lying around. Is there any way to scale your Airbnb venture with a modest investment of, say, $10,000 or less? The answer is heck yes, and today’s guest shares how he is re-leasing rental properties via Airbnb, incorporating short-term rentals into his real estate business.With the help of a mentor, Eric Moeller started investing in real estate at the tender age of 18. Eric has a wealth of experience in house flipping, apartment buildings and real estate development, and he worked from the traditional landlord model until he sold his company in 2015. As Eric traveled the US that year – making use of Airbnb as a guest – he began to realize the investment potential of hosting. After looking at the numbers, he determined that he could double his ROI by pursuing short- rather than long-term rentals, and he developed a strategy for pitching a re-lease model to rental property landlords.In 2016, Eric moved to San Diego and originated the startup Homtel Tonight, an Airbnb management, leasing and investment company. He is a Superhost with listings in San Diego and Rosarito, Mexico, as well as the architect of the upcoming Airbnb Mastery Summit. Listen in as he discusses his process for selecting units for Airbnb, his approach to determining your niche avatar, and the unique amenities he offers guests. Learn the fundamentals of the re-leasing model as well as Eric’s approach to finding willing landlords. If you’re looking to grow your Airbnb business via rental properties, this interview is a must-listen!Topics CoveredEric’s advice around selecting units for Airbnb•Choose carefully based on demand, city support of Airbnb•Doesn’t have to be in backyard•Utilize tools like AirDNA and Rent Responsibly•If re-leasing, approach landlords with pitch•Analyze the numbers (with 70% occupancy, should generate 2X amount of rent)The characteristics Eric is looking for in a potential Airbnb property•2BR apartments, standalone single-family houses best in San Diego market•Location near attractions or airport•Most unique spaces, potential to create unique experienceEric’s approach to determining your target guest•Become guest yourself, note design and amenities•Research properties in area on Airbnb•Focus on niche to attract a single avatar (i.e.: beach life, business community)Eric’s recommendations around designing your Airbnb•Hire local interior designer•Buy artwork, etc. from local shops•Decorate around theme for better booking results•Budget $5,000—$7,000 for furniture, painting•Buy furniture second hand or shop at IKEAThe amenities Eric offers guests•All basics (e.g.: paper goods, towels, fully stocked kitchen)•Wi-Fi connection and Smart TVs•Guests can request additional kitchen implements•Beach properties include surf boards, skateboards and beach chairs•Luxury rentals offer car service from airport, link to his cars on Turo•Business properties offer custom workstationThe differences between re-leasing vs. buying property for Airbnb•More options to change physical structure if buying•Focus on staging and paint in re-leasing situation•Same systems, tools for property management•Update landlord monthly in re-lease (upcoming dates booked, checklist)How Eric obtains leads for willing landlords•Online marketing targets real estate investors•Craigslist (team calls every homeowner who fits model)•Networking with landlords, investors Hosted on Acast. See acast.com/privacy for more information.

The Business Travel Ready distinction could translate to more bookings for your Airbnb as the company expands its partnership with software tool Concur. This big news means that business travelers can book Airbnb stays through Concur, giving hosts access to the 70% of Fortune 100 and 500 companies who are Concur customers.Today Jasper is on the line with Nicole Prentice Williams, Hostfully VP of Strategic Partnerships, to talk through Airbnb’s collaboration with Concur as well as Google’s test to include a link to vacation rentals in its hotel price-comparison tool. They also cover the latest numbers regarding Airbnb’s growth, as the company is slated to hit 100 million stays this year, and a new app called Pawshake that functions as an Airbnb for pets!Nicole and Jasper conclude with the Q & A portion of the podcast, answering your questions about providing guest manuals and boosting your position in Airbnb search results. Learn how move your listing to the front of the line and ultimately get more bookings on Airbnb!Topics CoveredArticle #1: Business Travelers Can Now Book Airbnb Stays Through Concur•Partnership allows for booking Airbnb through Concur app•Will boost number of business travelers using Airbnb•More than 216,000 trips per day booked on Concur in first quarter of 2017•Concur customers include 70% of Fortune 100, 500 companies•Employees from 250,000 businesses registered to use Airbnb for business travel•Hosts can capitalize by making listing Business Travel Ready•Wi-Fi•Laptop workstation•Self check-in•Smoke, carbon monoxide detector•Iron, hangers, hair dryer•Consider including guidebook with co-working spaces, gymsArticle #2: Airbnb is on Track to Rack up More Than 100 Million Stays This Year – and That’s Only the Beginning of its Threat to the Hotel Industry•More than 50 million guest arrivals so far this year•Overall growth seems to be slowing down (doubled each of last two years)•25% of leisure travelers expected to book Airbnb (up from 19% in 2016)•23% of business travelers expected to book Airbnb (up from 18% in 2016)•Google search trends indicate Airbnb catching up to mainstream hotel, travel-booking brandsArticle #3: Google is Testing Vacation Rental Search in Its Hotel Price-Comparison Tool•Test involves 7,000 property listings in Europe•Search for ‘hotels in Paris’ brings up link to vacation rentals•Only hotel aggregators like Booking.com and Expedia included•Airbnb and other dedicated vacation rental platforms excluded•Google may receive commission when travelers book through hotel siteArticle #4: This Startup is Quite Literally Airbnb for Pets•Pawshake app connects pet owners and care givers•Alternative to expensive boardingQ1: How do I provide a guest manual?•Email as soon as receive booking (Dropbox or Adobe Cloud link)•Consider a third-party app like HostfullyQ2: How do I boost my position in search results on Airbnb?•Login daily•Maintain updated calendar•Listing appeal (great pics, unique title, etc.)•Respond quickly with automated apps like Aviva IQ, Smartbnb•Share on social mediaResources MentionedArticle #1: getpaidforyourpad.com/podcast/long-term-rental-vs-airbnbArticle #2: recode.net/2017/7/19/15949782/airbnb-100-million-stays-2017-threat-business-hotel-industryArticle #3: skift.com/2017/06/14/airbnb-ramps-up-push-to-get-more-hosts-to-choose-instant-bookingArticle #4: thenextweb.com/contributors/2017/07/22/startup-quite-literally-airbnb-pets/#.tnw_9SBGtwiJBusiness Travel Ready ChecklistHostfully Guidebooks Hosted on Acast. See acast.com/privacy for more information.

Branding is an aspect of the short-term rental game that many hosts overlook. And when you’re first getting started, you may not know what sets your listing apart from others in the area. But once you’ve had a few guests, it is possible to use their feedback to identify the most attractive aspects of your property and strategically incorporate that information into your listing. Today’s guest reveals how he got clear on his brand -- and a host of other lessons he learned in his 20-year career in the vacation rental space!Jack Pope got into hosting to supplement his income as a teacher. He converted an extra space in his home on the Sunshine Coast of western Canada into a suite, but zoning didn’t allow for long-term rentals. So Jack got connected with a group of vacation rental entrepreneurs, eventually becoming president of the largest B&B association in western Canada.An early adopter of technology in the short-term rental space, Jack made use of online platforms as they became available. Airbnb has become a valuable tool in his business, and 70% of his bookings now come from the site. He has been a Superhost for seven consecutive quarters, and today he shares his extensive hospitality expertise with the Get Paid for Your Pad audience, explaining how he marketed Coracle Cove in the days before online booking, how he achieves a crazy-high return rate on guest reviews, and how he has automated guest communication. Listen in for his advice around providing a seamless check-in and branding your listing to attract the right guests!Topics CoveredHow hosting was different 20 years ago•Most bookings done by phone•Only 20% of bookings made online•Local portal generated most referrals•Brochures, self-promotion as marketing toolsHow Jack marketed Coracle Cove early on•Connected with travel writer, spread in Vancouver Sun•Hosted writer from Lonely PlanetThe platforms Jack utilizes to promote his vacation rental•His own website•FlipKey•HomeAway•Local Sunshine Coast Tourism siteHow Jack achieves a 91% return rate on guest reviews•Promise to write positive review for guest at checkout•Send thank you message through Airbnb soon after checkout•Review guest immediately after email receivedHow Jack used guest reviews to brand his listing•Categorized guest comments in TripAdvisor reviews•Modified listing title based on unique aspects•Pulled quotes to use as photo captionsThe four automated messages Jack schedules through Aviva IQ•Confirmation and welcome with short video (10 min after booking)•Detailed directions and link to blog (week prior to arrival)•Link to video and blog (morning of arrival)•Thank you and review request (soon after checkout)The importance of specific, accurate directions•Positive reviews are essential•Seamless check-in vital part guest experienceJack and Jasper’s advice around delivering a seamless check-in•Follow directions yourself to confirm clarity•Film yourself en route to Airbnb•Provide pictures of entry door, etc.•Set up meeting place if property is difficult to find•Stay in contact with guests through messaging platformConnect with JackCoracle Cove WebsiteJack’s Airbnb ListingResourcesFlipKeyHomeAwayTripAdvisorAviva IQHostfully PartnershipHostfully Host Program Connect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpad Hosted on Acast. See acast.com/privacy for more information.

As ShareBetter ramps up its aggressive smear campaign against Airbnb, the platform is fighting back. This week Airbnb filed a formal complaint against the coalition, alleging that ShareBetter has failed to register as a lobbyist, disclose its funding sources, and file the required expense reports.Glenn Carter, Hostfully Director of Marketing, joins Jasper to discuss the showdown between ShareBetter and Airbnb, explaining how the coalition functions as a mouthpiece for the hotel industry. They also cover the exponential growth Airbnb is experiencing in London and the resolution to the incident of racism in Big Bear last year when an Airbnb host cancelled a reservation at the last minute because the guest was Asian American.To wrap up today’s episode, Glenn and Jasper address a question posed via the Facebook group around cleaning white bedding and towels. Listen in as they brainstorm ideas for keeping your whites white and your Airbnb looking spit spot spic and span!Topics CoveredArticle #1: Airbnb Bookings in London More Than Double in Just One Year Despite Concerns Over ‘Lack of Regulation’•Number of nights booked shot up 130% last year•From 4% of market share in 2015 to 9% in 2016•Nights booked rose from 2M to 4.62M•13,000 bookings on any given night•Additional 55% increase in first four months of 2017•90-day limit may curb growthArticle #2: Airbnb Host Who Canceled Reservation Using Racist Comment Must Pay $5,000•February incident took place in Big Bear•Dyne Suh booked mountain cabin for ski weekend•Host cancelled reservation by text, race given as reason•Host ordered to take Asian American studies course in addition to $5,000 fine•Also required to apologize, participate in community education panel, and volunteer with civil rights organizationArticle #3: Airbnb Fights Back Against Lobby Groups, Demands Info on Their Funding Sources•Airbnb filed formal complaint with NY state ethics panel•Accuses ShareBetter of illegal, unreported lobbying•ShareBetter largely funded by hotel industry, worker union•Aggressive anti-Airbnb campaign includes paying PIs to pose as guests•Airbnb working with local municipalities to comply with regulations•Racism, affordable housing and public safety are issues worth discussing•ShareBetter doesn’t seem interested in dialogue to solve problemsQ: How do I deal with makeup marks on white bedding and towels?•Provide guests with makeup remover wipes•Try cleaning products like Vanish Oxi Action, OxiClean or Triple-Acting Shout•Leave laundry in water with bleach overnight, then wash at 90°•Consider providing brown towels for makeup removal•Leave framed note with specific instructions•Charge small cleaning fee, use reserve fund to replace bedding/towels as neededJasper’s Feedback Around Current Airbnb Stay in SoHo•Consider blackout curtains for jetlagged guests•Change Wi-Fi network, password for ease of useResources MentionedArticle #1: standard.co.uk/news/london/airbnb-bookings-in-london-more-than-double-in-just-one-year-despite-concerns-over-lack-of-regulation-a3589051.htmlArticle #2: theguardian.com/technology/2017/jul/13/airbnb-california-racist-comment-penalty-asian-american?CMP=twt_a-technology_b-gdntechArticle #3:skift.com/2017/06/14/airbnb-ramps-up-push-to-get-more-hosts-to-choose-instant-bookingShareBetterGPFYP Episode 67: Airbnb Cleaning Service Tips with Kyle Gesuelli From HandyGPFYP Episode 153: How to Arrange a Perfect Airbnb Turnover and CleaningwikiHow to Change Your Wi-Fi Password Connect with JasperEmail: jasper@getpaidforyourpad. Hosted on Acast. See acast.com/privacy for more information.

So you’ve invested in a property, finished the remodel, and now you are ready for tenants. Would it be more lucrative to pursue a long-term rental agreement? Or could you generate more revenue by listing the space on Airbnb?Ande Burchfield is an attorney with Burchfield Law, PLLC, serving businesses, non-profits, and real estate investors. Ande has an extensive real estate portfolio of her own, and she was already managing several long-term rental properties when she joined Airbnb in 2012. The vacation rental market in Oklahoma City proved profitable, and she has since expanded her short-term rental business to include three properties in the area. Ande is prepared to explain the formula she uses to determine whether a property is a good candidate for Airbnb, or would serve her better as a long-term rental. She also explains how to evaluate the demand for short-term rentals in your area, as well as the expenses associated with Airbnb that will affect your decision to rent to either travelers or lessees.Topics CoveredThe evolution of Ande’s Airbnb business•Established long-term rental portfolio•Wanted to try Airbnb as experiment•Managed herself first nine months•Created systems, added cleaning staff•Eventually hired property manager•Added two listings•Airbnb now self-sustaining businessAnde’s first Airbnb listing•Duplex on golf course•Remodeled inside•One of better homes in neighborhoodThe Airbnb lessons Ande learned early on•Cater to guest standards (not your own)•Provide blackout curtains for jetlagged guestsHow to determine if demand exists for Airbnb in your town•Hotels point to a need for accommodations•Won’t know until you try•Consider listing on multiple platforms (easy to sync calendars)How to decide whether to offer long-term rental or list property on Airbnb•Compare Airbnb net profit to long-term rental gross revenue potential on traditional one-year lease•Calculate net profit by subtracting Airbnb expenses (mowing, utilities, Wi-Fi, cleaning, management, consumables, wear-and-tear of furnishings, general maintenance) from gross•Consider the neighborhood and tourist presence•Remember that real estate is underlying assetAirbnb’s push to pay cleaners $15/hour•Big cut into profit margin for Airbnb’s in certain areas•Ande pays fixed amount per jobConnect with AndeConnect on LinkedInburchfieldlegal.comResourcesRich Dad’s CASHFLOW Quadrant: Rich Dad’s Guide to Financial Freedom by Robert T. KiyosakiRich Dad Poor Dad: What the Rich Teach their Kids About Money – That the Poor and Middle Class Do Not! by Robert T. KiyosakiCASHFLOW Game AppHomeAwayExpediaBooking.comTripAdvisorVRBOAirDNAgetproperly.com/enConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests! Hosted on Acast. See acast.com/privacy for more information.

‘Another Successful Airbnb Stay’ – said no headline ever.Though it’s a rare occurrence, when something bad happens in an Airbnb, it makes headlines. Unfortunately, an alarming incident took place at an Amsterdam listing this week when guests were late checking out, and an enraged host threw a woman down the stairs – while her friend filmed the confrontation.Jasper is joined by David Jacoby, President and Co-founder of Hostfully, to discuss a better way to handle the situation if guests are late checking out. They also cover a study naming Airbnb the most lucrative of the gig economy platforms, the new regulations under development in LA, and Airbnb’s plans to enter the luxury space in 2017.Finally, David and Jasper answer questions posed by the Facebook group around what consumables hosts should provide. They offer advice about buying in bulk, storing the excess, and offering inexpensive little things that make a big difference. Got a question for the Get Paid for Your Pad team? Email Jasper at [email protected]!Topics CoveredArticle #1: Airbnb Guest is Hospitalised After Landlord Pushes Her Down Stairs for Failing to Check Out on Time•Host faces attempted murder charge•Incidents like this are rare•Should have tried contacting guest first (call and message through platform)•Then contact Airbnb, local authorities if necessary•Confirm ETA and departure in welcome email•If guests need to checkout late, offer place to store luggageArticle #2: New Rules are Coming for LA Airbnb Hosts•Home-sharing ordinance in development•Will likely require hosts to register•Follows lead of cities like San Francisco, NYCArticle #3: Forget Uber and Lyft, This Is Where to Find the Money in the Gig Economy•Study found Airbnb to be most lucrative platform•84% of gig economy workers make less than $500/month•Airbnb hosts make average of $924/month•Airbnb monetizes asset rather than labor•Unfair comparison, doesn’t subtract opportunity costArticle #4: Airbnb to Launch Higher-End Luxury Service in Late 2017•Acquired Luxury Retreats for $200-300M•Promoting luxury service with celebrity marketingQ: To what extent should I provide consumables to my guests?•Depends upon type of experience aim to provide•Marketing to higher-end, provide additional amenities•Worth investment to buy in bulk, team up with hosts in neighborhood•Have cleaning staff replenish on as-needed basis•Little things go long way (i.e.: transit cards, board games, coffee)•Prepackaged toiletries available, but can be wasteful•Provide small amount of food/drink, lock up excessResources MentionedArticle #1: dailymail.co.uk/news/article-4681974/Male-Airbnb-landlord-hospitalises-guest-push-stairs.html?ito=social-facebookArticle #2:pasadenastarnews.com/business/20170708/new-rules-are-coming-for-la-airbnb-hosts-heres-what-the-city-is-planningArticle #3: skift.com/2017/06/14/airbnb-ramps-up-push-to-get-more-hosts-to-choose-instant-bookingDoorDashPostmatesEtsyFiverrGetaroundHostWellSpacerArticle #4: foxnews.com/travel/2017/07/11/airbnb-to-launch-higher-end-luxury-service-in-late-2017.htmlSlice Connect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Aviva IQ. Aviva IQ automates messages to your Airbnb guests. It's also free! Hosted on Acast. See acast.com/privacy for more information.

The safe approach to designing your space for Airbnb involves a very clean, sterile look complete with your basic IKEA furniture. But today’s guest prefers to offer his guests a more unique experience, and he personalizes his space with art, board games and a garden. His guide books include stories about how some of the artwork was acquired, and he is currently developing playbooks filled with activities and information catered to a specific type of guest. His ‘outdo yourself’ philosophy allows him to make the most of his Airbnb listings and help his guests feel at home.Joe is an entrepreneur and Airbnb host out of Denver. He grew up in New York City, where he was inspired by the arts and design. Joe has owned several businesses, including a skate shop and a pizza cooking school, and his diverse resume includes stints as a beekeeper and fourth grade teacher. He is world traveler and a real estate guru as well, and today he’s prepared to share how business practices translate to the world of Airbnb.Joe also explains his Airbnb hosting philosophy, how he approaches guest communication, and his tips for providing a custom Airbnb experience. Listen and learn how to personalize the information you provide your guests, becoming a virtual tour guide who helps travelers get the most out of their trip!Topics CoveredJoe’s Airbnb hosting philosophy•‘Closing the gap’•How quickly can I make guests feel at home?•Already enjoying space, experience from initial contactThe two main approaches to Airbnb•Keep it sterile (clean, IKEA furniture)•Add character (art, personal items)How Joe provides guests with important information•Extensive introductory email to eliminate concerns•Includes transportation info, door code, Wi-Fi password, restaurants, etc.•Makes it clear that he is available to answer questions•Link to Google Drive folder with House ManualJoe’s advice around personalizing the information you provide guests•Include points of interest in neighborhood (i.e.: drugstore, bank)•Consider designing playbooks for specific types of guests•What to do if you only have two days in Denver•Street art tour•Skiing or snowboardingJoe’s Airbnb hosting mantra•Always improve because it’s too easy to get lazy•Maintaining = losing•Outdo yourselfThe business practices Joe applies to his Airbnb•Devotes every Wednesday morning to Airbnb•Examine numbers for month, expenses•Schedule repairs, purchase supplies•Update Google Drive folder•Create title slides for each room•Track AirDNA data, compare performanceJoe’s tips for providing a custom Airbnb experience•Provide games for guests on family vacation•Develop standard email for business travelers•Think of yourself as ‘virtual tour guide’•Anticipate guest needs and deliver before they ask•Allow guests to be curious and explore your spaceJoe’s take on greeting guests•Someone should be there to shake hands, open door•Co-host greets if he’s unavailable•Provides personal connection that hotels lackHow Joe approaches communication with guests•Response time should be minutes (not hours)Joe’s most memorable hosting experiences•Mostly positive experiences, guests appreciate ‘character’•German guests required much attention, broke shower – left cursory review ResourcesHostfullyAirDNA Connect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook. Hosted on Acast. See acast.com/privacy for more information.

‘When you act out of fear, you shrink. When you act out of love, you grow.” –Tony RobbinsAs Jasper turns 40 this week, he is considering how the world views strangers. Rather than assuming the unfamiliar to be a danger or a threat, what if we assumed the best in people until proven otherwise? After all, it only takes one common acquaintance to turn someone from a stranger to a friend.The birthday boy is joined by Margot Lee Schmorak, CEO and Co-founder of Hostfully, to discuss how such a positive outlook supports the Airbnb model. They also cover the top vacation rental headlines in the news this week, including a story about a listing touted as the most unusual Airbnb in Britain and a new augmented reality app that could further improve the guest experience with how-to videos specific to your Airbnb!On a more serious note, Jasper and Margot offer the latest updates on regulations, as Paris joins London and San Francisco in requiring hosts to register with local authorities. And they wrap up with answers to listener questions about using Airbnb photos on multiple platforms and structuring listings for multiple bedrooms. Want your question answered on next week’s episode? Email Jasper at [email protected]!Topics CoveredArticle #1: This Concept Airbnb App for iPhone is Way Cool•Created by designer Isil Uzum•Uses augmented reality to map apartment•Incorporates videos into house manual•Videos demonstrate how to use appliances (e.g.: coffee maker, thermostat)•Must be made seamless part of experience•Possibility of using AR in choosing AirbnbArticle #2: Is This Britain’s Most Bizarre Airbnb? Guests are Raving About This Caravan … Which is 13 Feet Up a Tree•Rural village in Scotland•Elevated to tree for arthouse film•Only £17/nightArticle #3: Paris Set to Force All Users to Register Rental Properties•Paris is top Airbnb market with 65,000 properties listed•New regulations would require users to register•Seeks to enforce 120-day limit already in place•May become default status quo (registration, limited number of days)Q1: I have two spare bedrooms and one spare bath in my home. Should I establish one, two or three Airbnb listings?•Three – one for each bedroom individually and one for both to accommodate larger parties•Enable Instant Book on two single rooms only (to avoid double bookings)•May change Instant Book settings later based on demand, pricing•Airbnb developing feature to link listings and prevent double bookingsQ2: I am considering listing on multiple platforms. May I use the photos shot by an Airbnb photographer on other platforms?•Photo rights are gray area•Airbnb unlikely to object•Right click and save or take screen shots•Utilize services that scrape images for you•Orbirental facilitates listing on multiple platformsResources MentionedArticle #1:cnet.com/news/iphone-arkit-airbnb-concept-videoAirbnb AR Map ConceptMatterportMagicPlanArticle #2: thesun.co.uk/living/3926820/is-this-britains-most-bizarre-airbnb-guests-are-raving-about-this-caravan-which-is-13ft-up-a-treeArticle #3: skift.com/2017/06/14/airbnb-ramps-up-push-to-get-more-hosts-to-choose-instant-bookingOrbirental Connect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Aviva IQ. Aviva IQ automates messages to your Airbnb guests. It's also free! Hosted on Acast. See acast.com/privacy for more information.

If you have multiple listings on Airbnb, you might find a little-known feature called the Business Profile very useful. Today’s guest has three properties on the site – a house in Portugal, an apartment in Wellington, and a lifestyle property north of Wellington – and she is prepared to share the basics of the Business Profile as well as situations in which you might make use of it to grow your short-term rental business.Natalie Sisson, also known as The Suitcase Entrepreneur, has lived out of her suitcase since 2010, traveling the world while simultaneously running a wildly successful online business. Natalie is passionate about freedom, and she works on planes and in cafes, turning hotel rooms into podcast studios.Natalie had used Airbnb as a guest for years before taking the leap to become a host. She leverages her experience as a customer to provide a comfortable space for the travelers who book her properties. Today she shares her transition from guest to host on Airbnb, how she went about outsourcing the property management and cleaning duties, and her status as a Superhost. Natalie also explains the function of the Airbnb Business Profile page and how to best take advantage of it.Topics CoveredHow Natalie got started with hosting on Airbnb•Two-bedroom apartment in Wellington•Rented on Airbnb while traveling for Christmas•Shortage of rental properties in area•Listed one bedroom, received regular bookings•Hosted corporate travelers, touristsHow Natalie uses her experience as a guest in preparing to host•Considers how to make room most comfortable•Leaves small gift•Uses white board to share Wi-Fi code, places to eat outHow Natalie outsourced property management and cleaning duties•Posted notice on local university Facebook group•Received 37 messages in 20 minutes•Read through applications•Interviewed three people•Hired experienced employee for $17/hour•Shared checklist through time tracking app•Paid via online bankingHow Natalie cancelled bookings, but kept Superhost status•Long-term lease with tenants in Wellington apartment•Forgot to block past when tenants extended rental agreement•Forced to cancel three bookings in a row•Received notice from Airbnb re: deactivation of listing•Immediately clicked on link to reactivate, answered questions•Still showing as Superhost despite cancellationsThe Airbnb Business Profile page•Minimum of three listings•By invitation only•Groups listings together•Can send as link to potential guestsConnect with NatalieThe Suitcase Entrepreneur WebsiteThe Suitcase Entrepreneur PodcastResourcesThe Suitcase Entrepreneur: Create Freedom in Business and Adventure in Life by Natalie SissonBusiness Profile Discussion in Community Center Connect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests! Hosted on Acast. See acast.com/privacy for more information.

Airbnb is tooting its own horn this week with the release of a report boasting the positive economic impacts of the platform in the US. The press release aligns with the company’s strategy to work with municipalities as they implement regulations on short-term rentals.Hostfully Director of Marketing, Glenn Carter, joins Jasper this week to review the economic benefits outlined in the report as well as other upgrades to the platform in the news this week, including a pilot program that allows guests to split payments and a premium tier program designed to appeal to the luxury rental market.They also discuss another startup in the space that is expanding its services as Pillow raises funds to launch a building management platform, and the story of a property owner in Barcelona who was forced to squat in her own flat! Finally, Jasper and Glenn answer your questions about cancelling bookings due to a family emergency. Don’t forget to email your questions to [email protected]!Topics CoveredArticle #1: With $13.5M in New Funds, Pillow Partners with Building Owners to Make Rentals Airbnb-Friendly•Funding to launch Pillow Residential•Platform gives building owners more transparency, allows to share in money generated•Ensures owners, renters comply with local regulations•Building owners know which units being rented and by whom (safety)Article #2: Airbnb Readies a Premium Tier to Compete More with Hotels, Sources Say•Launch new service in luxury rental market•Select hosts in pilot program•Airbnb inspectors verify quality standards•Hosts receive consultation with interior decorator, professional photography for listingArticle #3: Airbnb is Testing a Feature That Would Let You Split the Cost with Friends•Allows guests to split cost among multiple people•Makes booking easier, more accessible•Part of larger game to simplify, streamline experienceArticle #4: Woman Forced to Squat in Her Own Barcelona Flat After ‘Fake Tenant’ Lists Property on Airbnb•Long-term tenant listed apartment on Airbnb•Owner booked property to reoccupy flat, change lock•Reported ‘fake tenant’ to Barcelona council•Faces fines between €60,000 and €600,000Article #5: Airbnb Steps Up Lobbying Pitch to Mayors with New Economic Boast•Airbnb report re: economic impact•Claims $14B in economic output last year•Facilitated 130,000 jobs in US, predicts half a million by 2020•Opponents label report as biased, but economic benefits obvious•Part of ‘play nice’ strategy to appease municipalitiesQ: I have a booking, but a family emergency has arisen. What do I do?•Negative consequences usually associated with cancellation (penalties, ineligible for Superhost status, note on reviews)•Extenuating Circumstances Policy allows for cancellation without consequence in situations out of host’s control (i.e.: unexpected death or serious illness, natural disaster, severe property damage, etc.)•Contact Airbnb to explain, be open and honest with platform and guestResources MentionedArticle #1: techcrunch.com/2017/06/21/pillow-residential-13-5-millionArticle #2: bloomberg.com/news/articles/2017-06-21/airbnb-said-to-ready-a-premium-tier-to-compete-more-with-hotelsArticle #3: skift.com/2017/06/14/airbnb-ramps-up-push-to-get-more-hosts-to-choose-instant-bookingArticle #4: telegraph.co.uk/news/2017/06/24/woman-forced-become-squatter-barcelona-home-fraudster-listsArticle #5: sandiegouniontribune.com/business/tourism/sd-fi-airbnb-mayors-20170623-story.htmlAirbnb Extenuating Circum: stances Policy Connect with JasperEmail: jasper@getpaidforyourpad. Hosted on Acast. See acast.com/privacy for more information.

If you have multiple listings on Airbnb, you might find a little-known feature called the Business Profile very useful. Today’s guest has three properties on the site – a house in Portugal, an apartment in Wellington, and a lifestyle property north of Wellington – and she is prepared to share the basics of the Business Profile as well as situations in which you might make use of it to grow your short-term rental business.Natalie Sisson, also known as The Suitcase Entrepreneur, has lived out of her suitcase since 2010, traveling the world while simultaneously running a wildly successful online business. Natalie is passionate about freedom, and she works on planes and in cafes, turning hotel rooms into podcast studios.Natalie had used Airbnb as a guest for years before taking the leap to become a host. She leverages her experience as a customer to provide a comfortable space for the travelers who book her properties. Today she shares her transition from guest to host on Airbnb, how she went about outsourcing the property management and cleaning duties, and her status as a Superhost. Natalie also explains the function of the Airbnb Business Profile page and how to best take advantage of it.Topics CoveredHow Natalie got started with hosting on Airbnb•Two-bedroom apartment in Wellington•Rented on Airbnb while traveling for Christmas•Shortage of rental properties in area•Listed one bedroom, received regular bookings•Hosted corporate travelers, touristsHow Natalie uses her experience as a guest in preparing to host•Considers how to make room most comfortable•Leaves small gift•Uses white board to share Wi-Fi code, places to eat outHow Natalie outsourced property management and cleaning duties•Posted notice on local university Facebook group•Received 37 messages in 20 minutes•Read through applications•Interviewed three people•Hired experienced employee for $17/hour•Shared checklist through time tracking app•Paid via online bankingHow Natalie cancelled bookings, but kept Superhost status•Long-term lease with tenants in Wellington apartment•Forgot to block past when tenants extended rental agreement•Forced to cancel three bookings in a row•Received notice from Airbnb re: deactivation of listing•Immediately clicked on link to reactivate, answered questions•Still showing as Superhost despite cancellationsThe Airbnb Business Profile page•Minimum of three listings•By invitation only•Groups listings together•Can send as link to potential guestsConnect with NatalieThe Suitcase Entrepreneur WebsiteThe Suitcase Entrepreneur PodcastResourcesThe Suitcase Entrepreneur: Create Freedom in Business and Adventure in Life by Natalie SissonBusiness Profile Discussion in Community Center Connect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests! Hosted on Acast. See acast.com/privacy for more information.

Can Airbnb have its cake and eat it too? With the company’s efforts to professionalize and provide guests with consistency, some hosts feel that the ‘sharing’ roots of the platform have been diminished. It is possible for Airbnb to function more like a hotel, yet maintain its signature personal touch?Jasper is joined by David Jacoby, Co-Founder and President of Hostfully, to discuss this week’s headlines regarding the Airbnb shift to promote best practices among its hosts, including that of the Instant Book feature – which is being upgraded to allow hosts more control.They also cover Airbnb’s acquisition of Trooly, a background check startup that will help protect users from bad actors and further professionalize the platform. Last but not least, Jasper and David answer listener questions about attracting bookings during low season. Remember, you can email your questions to [email protected]!Topics CoveredArticle #1: Can Airbnb Professionalize Without Losing the Personal Touch?•Airbnb plays up ‘sharing’ roots•Of 3M total listings – 1M shared space, 1M private, 1M management co.•Push for consistency of experienceArticle #2: Airbnb Tries to Behave More Like a Hotel•Instant Book feature, flexible cancellation policy•Hosts encouraged to upgrade space•Business-friendly tag (privacy, Wi-Fi, 24-hr access, iron)•Must attract different types of travelers to grow•Changes likely part of prep for IPO•Focus on increasing supplyArticle #3: Airbnb Ramps Up Push to Get More Hosts to Choose Instant Booking•Instant Book introduced in 2010, 40% using•Default search (must de-select to see additional listings)•Suite of new tools incentive for hosts to turn on Instant Book•Improved calendar tool for multiple listings in same home (prevents double-bookings)•Gives host more control•Saves step for hosts who rarely turn down guests•With customization, listing process more complicatedArticle #4: Airbnb to Buy Background-Check Startup Trooly to Root Out Scams•Acquisition to protect from bad actors•Authenticates user identities to avoid scams•Could be added to Instant Book features•Improve image in preparation for IPOQ: How do I attract more bookings during low season?•Make listing as attractive as possible•List on multiple platforms•Establish your own website•Consider subletting when demand is low•Explore niche sites like misterb&b, Bud and Breakfast or Innclusive•Reach out to previous guests•Add creative options (i.e.: packages)•Host refugees through Open Homes initiative•Join the Couchsurfing communityResources MentionedArticle #1: fortune.com/2017/06/18/airbnb-professional-personal-hostsArticle #2: nytimes.com/2017/06/17/technology/airbnbs-hosts-professional-hotels.htmlArticle #3: skift.com/2017/06/14/airbnb-ramps-up-push-to-get-more-hosts-to-choose-instant-bookingArticle #4: bloomberg.com/news/articles/2017-06-16/airbnb-to-buy-background-check-startup-trooly-to-root-out-scamsHomeAway, VRBO, 9flatsBooking.com, TripAdvisor, Expediamisterb&b, Bud and Breakfast, InnclusiveOpen Homes, Couchsurfing, Thibault Masson’s RentalPreneurs Article Connect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Aviva IQ. Aviva IQ automates messages to your Airbnb guests. It's also free! Hosted on Acast. See acast.com/privacy for more information.

Sleep tight. Don’t let the bed bugs bite!As Airbnb hosts, we share concerns around uninvited guests. If those uninvited guests are of the bed bug variety, a whole host of additional problems arise. Today’s guest dealt with a bed bug infestation in his Airbnb and lived to tell the tale!Hostfully Featured Host Mike Clairmont is a professional musician who loves to surf. Two years ago, he got the idea to rent a place on Venice Beach and list the property on Airbnb when he was touring. Within two weeks of posting his listing, Mike had more than half of the summer booked.Mike discovered the Get Paid for Your Pad book and podcast a few months ago, and has since used those resources to take his Airbnb to the next level. Today he shares his journey as an Airbnb host, including the harrowing chapter in which a bed bug infestation temporarily sidelined his business. Listen and learn how to prevent those pesky creatures from infiltrating your Airbnb, and get tips on choosing prime locations for Airbnb property investment.Topics CoveredWhy Mike has had success with Airbnb•Good quality photos from beginning•As traveler himself, knows what people look for•Makes improvements based on reviews (i.e.: painting, carpet)•Surfer theme, location one block from beachMike’s bed bug ordeal•Guest was bitten, sent message to Airbnb•Airbnb cancelled one week of reservations (no other penalties incurred)•Mike found good company to spray•Removed furniture, got new bedframe•Put encasement around mattress•Implemented preventative measures moving forwardHow Mike is working to prevent further bed bug infestations•Sends information to guests (e.g.: don’t put luggage on beds when travel, bed bugs expert hitchhikers)•Provides luggage racks•Vacuums thoroughly, empties bag after each guest•Checks under/around bedframe, mattress every timeMike’s advice for hosts who encounter bed bugs in their Airbnb•Proactively contact Airbnb to avoid penalties•Allow the company to cancel reservations•Keep Airbnb informed of measures takenJasper’s advice around investing in property for Airbnb•US mortgage rates low, now is good time to buy•Research regulations in place and anticipate changes•Get familiar with rules in other large cities (i.e.: Paris, London, San Francisco)•Consider locations where housing shortage not an issue (e.g.: Joshua Tree, CA)•Take advantage of tools to predict returns (AirDNA, Everbooked, Mashvisor)Jasper’s take on regulations enforcement•Even if city not enforcing now, may eventually•Airbnb blocked calendar on property in Amsterdam to complyConnect with MikeAirbnb Host Profilemikeclairmontmusic.comResourcesFeatured Hostfully Host ApplicatonClean Bedroom Organic SheetsHostfully Travel BlogGet Paid for Your Pad: How to Maximize Profit From Your Airbnb Listing by Jasper Ribbers and Huzefa KapadiaAirDNAEverbookedMashvisorConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests! Hosted on Acast. See acast.com/privacy for more information.

Welcome! Making people feel comfortable and accepted is a focus of Airbnb, and one of the initiatives aligned with this goal is the Open Homes platform. In an announcement this week, the company revealed its intention to house 100,000 refugees in the next five years – 35,000 in Greece alone.Jasper welcomes Glenn Carter, Director of Marketing at Hostfully, to discuss the Open Homes announcement as well as Airbnb’s rollout of a new in-app tool for check-in. They also cover several stories of governments welcoming the economic boost Airbnb provides, while setting parameters regarding its use. Recent headlines include the legalization of Airbnb in Japan, very positive data out of Michigan, and new rules around short-term rentals in Toronto.A new startup called Misterb&b specifically welcomes LBGTQ guests, and our co-hosts debate the pros and cons of niche players fragmenting the market. Jasper and Glenn wrap up with a new Q&A segment that welcomes questions from Airbnb hosts. Listen in to learn how you might convince hesitant family members to list on Airbnb, and how establishing a three-night minimum stay might affect your ranking in search results. Email your questions to [email protected]!Topics CoveredArticle #1: Introducing a New Way to Check In•Airbnb adding check-in instructions tool•Hosts opt-in to provide clear, visual, in-app guides re: arrival•Provide info once, all guests have accessArticle #2: Toronto Proposes New Rules for Short-Term Rentals, Including Airbnb Properties•Must rent out primary residence•Crack down on commercial operators•Good to clarify legal grey areaArticle #3: Airbnb Gets the Legal Green Light in Japan•Registered hosts allowed to rent up to 180 days/year•Most popular market in Asia-Pacific region•Boosted economy by $8.3B in 2016•Hosting 2019 World Rugby Cup and 2020 OlympicsArticle #4: Misterb&b Raises $8.5 Million to Build the Airbnb for the LGBTQ Community•French startup with 100,000 hosts in 135 countries•Argues that there is room for niche players•If market too fragmented, could get messyArticle #5: This is How Airbnb Will House 100,000 Refugees in the Next Five Years•Open Homes platform connects volunteers with refugee support organizations•Vacation rental hosts specify cause, how often•Airbnb in good position to help (3.5 million listings)•6,000 active volunteers so far, half not existing Airbnb listingsArticle #6: Airbnb to Help Host 35,000 Refugees in Houses Across Greece•Working to find housing for asylum seekers•Run in conjunction with Solidarity NowArticle #7: Home-Sharing Stimulates Michigan Economy•Earned $25M through Airbnb in 2016•Brought 188,000 visitors to stateQ1: How do I overcome family resistance to list on Airbnb?•Familiarize family by staying in Airbnb as guests•Encourage through podcast episodes of hesitant hosts who’ve had positive experiences•Reassure of accountability measures via virtual tour of site (insurance, ratings)•Demonstrate income potential with analytics tool like AirDNAQ2: I want to establish a three-night minimum stay for my listing. Will I be penalized in search results?•Airbnb doesn’t directly ‘punish’ hosts who establish such parameters•Will result in fewer bookings/reviews, which does impact position in search results•Best to start out with no minimum and earn crucial early reviews•Once build reputation, then consider establishing two- or three-night minimumResources MentionedArticle #1:press.atairbnb.com/introducing-a-new-way-to-check-inArticle #2: bnn. Hosted on Acast. See acast.com/privacy for more information.

If you are looking to rent a property with the intention of being an Airbnb host, the question then becomes, how do you convince a landlord to allow for short-term rentals in your contract? Today’s guest is a veteran Airbnb host who is ready to share his strategy for securing negotiating power with property-owners, as well as other lessons he’s learned in his lengthy Airbnb hosting career.Roger Lee moved to Taipei in 2010 to assist with a property renovation project, converting a family home into studio apartments for rental. His ability to speak English gave him leverage as a property manager, securing short-term rentals through sites like Craigslist. With that experience under his belt, Roger set out on his own, renting properties that were candidates for renovation from willing landlords for short-term rental on Airbnb. He has worked his way up to nine listings, including his hip Taipei bachelor pad.Today Roger takes us on his journey to successful property management, sharing his advice for aspiring hosts, the lessons he’s learned after seven years of experience in the market, and his point of view regarding Airbnb’s place in the travel industry. Listen and learn how to convince property-owners to allow for short-term rentals – and how Roger uses this podcast as a sleep aid!Topics CoveredHow Roger got his start in property management•Moved to Taipei in 2010•Residential properties with multiple bedrooms being converted into studio apartments•Helped friend with project, both renovation and rental•Found short-term tenants on Craigslist and local sitesHow Roger established negotiating power with landlords to allow for short-term rentals•Selected run-down properties in need of investment•Offered to renovate with stipulation that Airbnb would be allowedRoger’s advice for aspiring property managers looking to rent units for Airbnb•Provide an upside for the landlord (e.g.: renovations)•Understand the landlord’s relationship with neighbors•Mitigate complications/controversy (older landlords don’t want any trouble)Roger’s greatest hosting challenge•Airbnb’s introduction of Smart Pricing altered market•Happened in conjunction with Chinese policy significantly reducing tourism to TaipeiThe most significant lesson Roger has learned from Airbnb hosting•Take the high road with unpleasant guests (even if it isn’t fair)Roger’s take on the value of Airbnb•Best thing to happen to travel in his lifetime•Ambitious and impressive to create culture of communityConnect with RogerHost Profile on AirbnbOFC Taipei HousingConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests! Hosted on Acast. See acast.com/privacy for more information.

The Airbnb philosophy seems to be, “If you can’t beat ‘em, join ‘em!” This week in the news, there are rumors of a deal with Chinese rival Trujia, as Airbnb seeks to succeed in a market where other tech giants have struggled.Jasper is joined by Hostfully VP of Strategic Partnerships, Nicole Prentice Williams, to discuss this development in China, as well as Airbnb’s new hire in the region: Head of Chinese Operations, Hong Ge. They also cover Airbnb’s surprising success in Cuba, and how Airbnb might capitalize on legal requirements for travel in that country.In Barcelona, Airbnb seems less welcome, and headlines this week outline the crackdown on unlicensed homesharing in the city. Last but not least, Jasper and Nicole talk about one place where Airbnb is beating out the competition – online! Listen and learn about the platform’s surge in traffic and how it compares to hotel brands and other metasearch sites.Topics CoveredArticle #1: Airbnb Says Cubans are Cashing in on Airbnb•Cubans have earned nearly $40M since April 2015•Hosts share space 33 nights per year on average•Average amount paid per booking of $164•$2700 average annual payout•58% of Cuban hosts are women•Cuba is popular tourist destination for Americans since travel restrictions eased•Only allowed to travel to Cuba for one of 12 reasons (e.g.: visit relatives, academics)•Airbnb fulfills legal requirement of person-to-person visaArticle #2: Airbnb China Said in Deal Talks with Local Rival Tujia.com•Airbnb entered Chinese market in 2015•May be partnership deal or acquisition•Tujia valued at $1B, raising $300M moreArticle #3: Airbnb Appoints Head of China Operations After Long Search•Yale grad Hong Ge reports directly to Chesky•Resume includes positions at Facebook and Google•Offers understanding of local market•Other tech giants have struggled in ChinaArticle #4: Airbnb Traffic Surges, Surpassing Older Brands•Airbnb site traffic up more than 31% since Q1 of last year•Moved into number one spot, surpassing all hotel brands and metasearch sites•Strong user base among millennials•30% of respondents ages 18-34 use sharing economy services compared to 11% of those over 35Article #5: Airbnb Faces Crackdown on Illegal Apartment Rentals in Barcelona•7,000 unlicensed holiday rentals in city (of 16,000 total)•Doubled team of inspectors from 20 to 40 (100 by next year)•Barcelona will not renew existing licenses•City blames homesharing for housing shortage, high prices•Airbnb argues platform helps homeowners make ends meet, could be part of solutionResources MentionedAudible Free TrialGet Paid for Your Pad on AudibleArticle #1: news.fastcompany.com/airbnb-says-cubans-are-cashing-in-on-airbnb-4039804Article #2: chinamoneynetwork.com/2017/06/05/airbnb-china-said-in-deal-talks-with-local-rival-tujia-comtujia.comArticle #3: bloomberg.com/news/articles/2017-06-01/airbnb-hires-hong-ge-to-run-china-operations-after-long-searchArticle #4: emarketer.com/Article/Airbnb-Traffic-Surges-Surpassing-Older-Brands/1015937Article #5: irishtimes.com/news/world/europe/airbnb-faces-crackdown-on-illegal-apartment-rentals-in-barcelona-1.3107184Connect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Aviva IQ. Aviva IQ automates messages to your Airbnb guests. It's also free! Hosted on Acast. See acast.com/privacy for more information.

Women who are potential Airbnb hosts may hesitate to join the platform due to safety concerns. The homesharing site’s non-discrimination policy doesn’t allow you to accept only female guests, but there are measures you can take to attract the type of person you feel comfortable sharing your home with.Kathleen Forest is a Superhost is the DC suburb of Arlington, Virginia. Since her listing went live in February of 2017, she has had much success and accrued 42 positive reviews. Because her husband is often traveling for work and she has two sons, Kathleen had concerns about listing a room in their family home on Airbnb, but she has developed strategies to set forth clear expectations and establish boundaries with guests.Listen in as Kathleen shares the precautions she has taken to protect herself and her sons, her approach to the Instant Book feature, and her suggestions for hosts with children. Learn to design a listing that appeals to your ideal guest so that you feel comfortable and safe!Topics CoveredHow to attract your ideal guest•Design listing to attract target audience (‘ideally suited to solo female travelers and couples’)•Decorate specifically for that demographic•Offer features that might appeal to ideal guestPrecautions Kathleen has taken to protect herself and her sons•Profile photo with husband•‘We’ language in communication with guestsHow Kathleen approaches Instant Book•Weighed the options (takes away control, but generates traffic)•Decided to turn on, but set to approve guests without reviews•Declines guests who make her uncomfortable•Seeks additional info about guests without reviews (research social media, reach out to increase comfort level)How Kathleen establishes boundaries with guests•Kid-friendly quiet hours (10p-6a)•Explicitly stated rules (no illegal substances, no firearms, no unregistered guests)•Advertises just room, rather than inviting guests to hang out in living room, etc.•‘Penguin’ reference to ensure guest read entire listing•Keypad lock on front door alerts when people are in and out•Keypad locks on all bedroom doors prevent theft, ensure safetyUnique aspects of Kathleen’s Airbnb•Guestbook in room•Local tips for riding DC metroKathleen’s suggestions for hosts with children•Get buy-in from your kids•Explain benefits of necessary sacrifices•Build in breaks from hosting•Sit down and discuss if they push backKathleen’s general tips for Airbnb hosts•Start hosting and your niche will become apparent•If you don’t like hosting or there isn’t enough demand, you can always stopConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests! Hosted on Acast. See acast.com/privacy for more information.

As the homesharing phenomenon grows, people continue to develop a variety of creative products and services that complement the work you do as an Airbnb host. A new app generates a floor plan for you through photos of your space, while another detects the number of mobile devices in use and alerts you if guests might be having a party!Jasper is on the line with Hostfully Co-Founder and President David Jacoby to discuss a number of useful sites that make life easier for the savvy Airbnb host, many of which were represented at the recent HSDC Trade Fair in San Francisco. They also cover another aspect of the sharing economy that Airbnb hosts might be interested in using to upsell their guests, peer-to-peer car sharing.In other Airbnb news, a recent report pointed to exponential growth of vacation rentals in Spain, and Airbnb made an effort to generate positive press with an announcement regarding how much guests saved by booking on the platform (rather than with hotels) over the holiday weekend. Listen in as David and Jasper offer their takes on these stories and share the latest products and services in the homesharing ecosystem.Topics CoveredArticle #1: Airbnb Accuses Hotels of Price Gouging During Holiday Weekend•Airbnb contends that guests saved $12M (in 21 cities analyzed)•Attempt to generate positive media•Airbnb’s Smart Pricing algorithm also designed to charge more when demand is high•May not be fair to compare such different productsArticle #2: Spain: Vacation Rentals Offering More Beds Than Hotels for the First Time•Tracked 2016 statistics of 22 major cities•Number nearly doubled from 2015 (362,493 beds)•By comparison, San Francisco totals have grown from 1,000-2,000 to 8,000-10,000 in last ten years (hotel beds went from 32,000-35,000 in same span)•Huge growth in tourism industry has led to ‘tourist-phobia’•Regulations in Barcelona seek to keep tourism numbers down (only private accommodations allowed)Homesharers Democratic Club Trade Fair in San Francisco•Successful celebration of homesharing ecosystem•Attended by 30-plus vendors•Among a number of events organized by independent groups of hostsArticle #3: The Sharing Economy’s Entrepreneurial Ecosystems•Video re: car sharing platform, Turo•Car owners developing rental businesses w/ multiple vehicles•Turo users earn average of $720/month•6M users in 2015, predicted to reach 35M by 2021•More popular in Europe and Asia than North America•Airbnb hosts could incorporate car sharing into business, offer coupon code for guestsThis Week's ArticlesArticle #1: sandiegouniontribune.com/business/tourism/sd-fi-airbnb-hotel-memorialday-20170526-story.htmlArticle #2: elpais.com/elpais/2017/05/25/inenglish/1495707914_157421.htmlArticle #3: bloomberg.com/news/videos/2017-05-26/the-sharing-economy-s-entrepreneurial-ecosystems-videoResources MentionedBeyond Pricing, Wheelhouse, EverbookedHSDC Trade Fair, Clearbanc, AirBeloProperly, HostWell, PillowHomesuite, Booking.com, HomeAwayAviva IQ, Party Squasher, DwellWellBabierge, Design Plus Consignment GalleryMagic Plan, Turo, Zipcar, MavenGetaround, Spacer (formerly Roost) Connect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Aviva IQ. Aviva IQ automates messages to your Airbnb guests. It's also free! Hosted on Acast. See acast.com/privacy for more information.

Jasper has finally reached his ambition of becoming truly homeless. Through the sale of his apartment in Amsterdam, he is embracing the life of a digital nomad and staying in Airbnb properties all over the world. His next move involves reinvesting the money earned from the sale in global assets.Today Jasper offers an update regarding his Airbnb investments, answering your questions about the process of buying property in an unfamiliar country, how he selected locations, and the challenges he has faced along the way!Topics CoveredJasper’s experience in selling his Amsterdam property•Enforcement of regulations limited Airbnb rental to 60 days•Real estate market boom•Hired broker to organize viewing days•Investor purchased within two weeks•Agreed to $450,000 asking priceHow Jasper lost his Superhost status•Intended to block dates on Airbnb after April•Dates already appeared to be blocked three months in future•Three-month window moves each day•Received booking for May (Instant Book still on)•Had to cancel, lost Superhost status•Must wait full year to regain status•He recommends using the setting that blocks all dates by default, manually entering available datesJasper’s investment in Colombia•Chose because of favorable regulations•Currently renovating property•Complicated money transfer process (open broker account, provide documents)•Plans to document process of starting Airbnb venture in unfamiliar country as case study•One unit still availableJasper’s studio in the Philippines•Boracay has become popular tourist destination since airport upgrade•Nearby Caraboa still largely undiscovered•Jasper predicts Caraboa will be next Boracay•‘Purchased’ studio unit on resort there (law allows for 20-year lease)•He can stay in unit two weeks of year•Resort manages bookings rest of year, Jasper receives 80% of revenueThe new format of GPFYP Monday podcasts•Focus on one specific topic•Guest expert will discuss prearranged theme•Email Jasper with topic suggestions•Future blog post will outline topics covered in previous episodesResources Jasper’s Blog Post: Why I Bought a Penthouse in Cali, Colombia, to Rent on AirbnbConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests! Hosted on Acast. See acast.com/privacy for more information.

Airbnb added some unusual listings that made news this week, including an ad agency that converted its office into a ‘spacious penthouse suite’ and the entire Swedish countryside. Yes, you read that right – the entire Swedish countryside.Jasper is joined by Hostfully CEO Margot Lee Schmorak to discuss those creative listings, both ad campaigns designed to draw attention to the best qualities of 1) The Swedish landscape, and 2) OH Partners (who are looking to fill Airbnb’s opening for an ad agency).They also review HomeAway’s lawsuit against the city of Chicago, discussing the potential for an alliance between Expedia and Airbnb in the fight against homesharing regulations, and an article that takes a comprehensive look at the homesharing ecosystem, outlining Airbnb’s evolution and how hotels are innovating to keep up. Listen in to learn why CNBC named Airbnb the #1 Disruptor of 2017!Topics CoveredArticle #1: It’s Been a Trip to $31 Billion, Now Airbnb Wants to Remake the Entire Travel Industry•Overview of homesharing ecosystem•Comparison between Airbnb and hotel industry•Airbnb named as top 2017 CNBC Disruptor•Airbnb’s intention to enter flight-booking space•Difficulty of scaling Airbnb Experiences•Hotel industry playing catch-up with innovative initiatives (e.g.: high tech, shipping containers)Article #2: Sweden Listed Its Entire Countryside on Airbnb•Brand partnership between Airbnb and Visit Sweden•Intent to boost tourism, show variety of landscapeArticle #3: This Agency Turned Its Office into a Crazy Airbnb That Got Jonathan Mildenhall’s Attention•OH Partners converted office space into ‘spacious Phoenix penthouse suite’•Hosted 24-hour livestream to engage Airbnb CMO•Creative way to apply for ad agency openingArticle #4: HomeAway Lawsuit Alleges Chicago’s ‘Deeply Flawed’ Home-Sharing Law is Unconstitutional•Alleges fines based on categories ‘that cannot be meaningfully distinguished from one another’•Violates First, Fourth and 14th amendments•Expedia’s first fight in courts•Potential coalition between Airbnb and HomeAwayResources MentionedArticle #1: cnbc.com/2017/05/15/its-been-a-fantastic-voyage-to-31-billion-what-airbnbs-next-big-trip-isnt-booked.htmlArticle #2: fortune.com/2017/05/22/sweden-countryside-airbnb-rentalsweden.withairbnb.comArticle #3: adweek.com/agencies/this-agency-turned-its-office-into-a-crazy-airbnb-that-got-jonathan-mildenhalls-attentionArticle #4: chicagotribune.com/business/ct-homeaway-sues-chicago-0523-biz-20170522-story.htmlTravel Tech ConConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Aviva IQ. Aviva IQ automates messages to your Airbnb guests. It's also free! Hosted on Acast. See acast.com/privacy for more information.

To diversify, or not to diversify, that is the question.Should you be listing on multiple platforms? Or is it better to stick with just one?Richard Fertig is the host of Short Term Rental Secrets, a YouTube channel dedicated to building a community of short-term rental hosts who learn from each other’s experience. Richard is an entrepreneur and former Wall Street Hedgefunder who signed up for Airbnb four years ago. In that time, he has generated over $500,000 in income hosting his small portfolio of real estate investments.Listen to understand the differences among Airbnb, HomeAway, VRBO and Booking.com. Richard also shares his experience with listing on multiple platforms, discussing the advantages of diversifying as well as the complications that can arise. This is a must-listen for hosts who are weighing the benefits of listing on more than one vacation rental site!Topics CoveredHow Airbnb is different from HomeAway/VRBO•Superior user experience•Focus on building community•Mutual review of host/guestThe pricing structures of each platform•Airbnb charges 3% fee for each reservation•HomeAway employs a flat rate pricing model ($399/year)The advantages of HomeAway/VRBO•Long-time player in the vacation rental space (ski resorts, beach houses)•More profitable than Airbnb if property located in popular tourist destinationWhy Airbnb is the better choice for new hosts•No risk•3 million Airbnb listings (vs. 1.2 million on HomeAway)The case for sticking with only one platform•Build strong reputation, credibility (Superhost status)•If demand is high enough (80-90% occupancy), one platform is simplerThe argument for diversification•Don’t leave money on the table (higher occupancy)•HomeAway typically generates more bookings for popular vacation destinations•Safer to have several business partners (not beholden to single company)How to avoid the complications of listing on multiple platforms•Update and sync calendars on each platform•If double-booking does occur, assist guest in finding accommodationsThe benefits of creating your own vacation rental website•Functions as online business card•Easier to share URL•Increase in return customers•Ability to post additional content (i.e.: videos)•Builds reputation•Guests book directly and avoid feesBooking.com’s short-term rental component•Richard is testing site, will review on channel•Serious short-term hosts recommend•Guests more transactional (fewer questions, demands)•Interface difficult to navigate•Higher fees force hosts to raise ratesResourcesHomeAwayVRBOKelly Kampen’s Open Letter to AirbnbLodgifyBooking.com Vacation RentalsVacation Rental Website Fee ComparisonConnect with RichardShort Term Rental Secrets YouTube ChannelConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests! Hosted on Acast. See acast.com/privacy for more information.

Airbnb is learning the art of the deal, and the homesharing platform is all over the news this week for efforts to collaborate with local governments in Latin America, Japanese luxury resorts, and the city of San Francisco.Jasper is chatting about these partnerships with none other than Hostfully VP of Strategic Partnerships, Nicole Prentice Williams. They explore Airbnb’s proactive approach to compromise with city governments in the growing Latin American market, their deal with Japanese luxury resorts to help boost occupancy, and the $15M agreement to expand their ‘urban campus’ in San Francisco.They also cover the story of a first-time Airbnb user who was scammed by a phony listing in Amsterdam as well as the details of the registration process for hosts in San Francisco. Listen in to learn about these headlines – and Jasper’s challenging experiences as an Airbnb guest in Moscow and St. Petersburg!Topics CoveredArticle #1: Brit Tourist Scammed Out of £915 for a Holiday Getaway Advertised Through Airbnb in Amsterdam•Scammer lured first-time Airbnb user with phony listing•Guest provided email address, received email with payment info•Sent payment, then learned that listing was fraudulent•Airbnb typically blocks contact information•Perhaps email address was provided in screen shot undetected by filterArticle #2: Airbnb Looks to Latin America, Now its Fastest-Growing Market•Using different approach – collaborating with local governments•Arrangement with Mexico City to pay 3% tax (consistent with hotels)•Smart to compromise before resistance, costly litigation•In talks with Buenos Aires and Sao Paulo as well•Will be in competition with Hotel Urbano•Expanding staff and opening offices in Latin America as wellArticle #3: Airbnb to Launch Luxury Reservation Service in Japan•Focus on traditional inns, specialty hotels (i.e.: hot springs resorts)•Hotels pay 10% commission to Airbnb and Evolable Asia•Hope to boost low occupancy rates (38% at traditional inns, 57% at resort hotels in 2016)•Aligns with Experiences initiative•Need to remain transparent so guests realize booking hotel roomArticle #4: Airbnb in Talks for San Francisco Expansion as it Snaps Up Space for Urban Campus•Leasing office space one block away from headquarters•$15M expansion will dominate area•Plan to double the number of employees to 3,000Article #5: How Does Airbnb’s Deal with SF Work?•Interview-style article•Agreement requires hosts to register, can be done through site (Airbnb or HomeAway)•Registration deadline is September 6, 2017•Listings without registration number will be blocked•Neighbors will receive notice of short-term rentals within 300 feetResources MentionedArticle #1:thesun.co.uk/news/3543284/brit-tourist-scammed-airbnb-amsterdam/Article #2: nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11855376Article #3: asia.nikkei.com/Business/Companies/Airbnb-to-launch-luxury-reservation-service-in-JapanArticle #4: bizjournals.com/sanfrancisco/news/2017/05/09/airbnb-san-francisco-expansion.htmlArticle #5: sfchronicle.com/business/article/How-does-Airbnb-s-deal-with-SF-work-11139753.phpConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Aviva IQ. Aviva IQ automates messages to your Airbnb guests. It's also free! Hosted on Acast. See acast.com/privacy for more information.

As hosts, we know that Airbnb is a ‘review game,’ and the cleanliness of your space plays a big role in scoring the highly coveted five-star review. Today’s guest is prepared to share several key strategies that will help Airbnb hosts keep their vacation rental spic and span.Neel Parekh is the CEO and Founder of MaidThis, a tech-enabled turnover service for short-term rentals based in California. The company provides top-notch, reliable cleaning services for Airbnb hosts via an online scheduling system. MaidThis cleaners are experienced in the short-term rental space, and they are trained to complete an inspection and damage report as needed.Listen as Neel explains how to find reliable cleaners, train your staff, and select towels and bedding for your Airbnb. Surprise and delight your guests by meeting their expectations for an immaculate place to stay – and earn another superior review!Topics CoveredHow to find a reliable cleaning staff•Work with a professional service like MaidThis•Search on platforms like Craigslist, Indeed or Yelp•Hire a primary and backup, both trained on your unitNeel’s guidance for training your cleaner•Customers expect hotel standards•No food in the refrigerator and dishes put away•Teach them to look for damages and restock supplies (kept in locked storage)•Consider having them stay at Airbnb as a guestThe most important spaces in terms of cleanliness•Professionally made beds with military tuck (first impression sets the tone)•Pristine bathroom (toilet paper with sticker or folded end)•Spotless kitchenNeel’s advice about choosing colors for bedding and towels•White sheets and towels look best, but cost more to wash/replace•Light grey is a less expensive alternativeNeel’s suggestions re: laundry•Guests will use everything you leave out•Two towels per bed is sufficient for short stays•Less time spent on laundry translates to fewer mistakesNeel’s best tips for hosts•Vacation rental is a ‘review game’•Don’t skimp on cleaning (lose money in the long run)•A clean Airbnb leads to positive reviews and more bookingsThe MaidThis service•Currently serves LA, Orange County, San Francisco and the Bay Area•Flat rate based on the size of home, laundry includedConnect with Neelmaidthis.comDiscount Code: GPFYPEmail [email protected] with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests! Hosted on Acast. See acast.com/privacy for more information.

As Airbnb hosts, we know that a well-written, conversational profile goes a long way in landing guests. But now there is science to back it up, and the research identifies specific language hosts can employ in their listings.Hostfully Marketing Specialist Glenn Carter joins Jasper to discuss the research out of Cornell and Stanford that examined predictors of host choice. They also cover several other Airbnb headlines, including yet another acquisition, the company’s partnership with Hearst to launch a travel magazine, and an opinion piece arguing that the hotel and home sharing industries actually need each other!Listen in to learn about proposed legislation in New York that could boost Airbnb rentals as well as the creative accommodations many Airbnb hosts are listing on the platform, among them a charming treehouse in Canada!Topics CoveredArticle #1: Airbnb and Hotels Need Each Other, They Just Don’t Know It Yet•Ongoing animosity between home sharing and hotel industries•Hotel industry could learn from Airbnb’s focus on uniqueness of experience•Airbnb could improve the ‘professionalizing of guest experience’•Industries would benefit from partnership•Hybrid platforms offer hotel services (i.e.: concierge, cleaning) to home share clientsArticle #2: ‘Beaches’ Treehouse a Hit on Airbnb•Couple converted kids’ treehouse into small studio•32 positive reviews on Airbnb•Doesn’t comply with city’s property standards by-law•Other creative spaces (i.e.: boats, vans) listed on AirbnbArticle #3: Battle Over Airbnb Legislation Heats Up in Albany•New bill seeks to legalize rentals under 30 days when host is away•Could create boost in Airbnb rentals•Share Better is opposed•Flaws in argument re: affordable housingArticle #4: 3 Science-Backed Ways to Get Airbnb Users to Choose Your Listing•Cornell and Stanford researchers studied how Airbnb profiles influence potential guests•Perceived trustworthiness determined to be significant predictor of host choice•Length, language and personal details influence perceived trustworthiness•The concept of ‘know, like and trust’Article #5: Airbnb Teams with Hearst on Magazine Guided by Travel Site’s Data•Airbnb provided access to data•Articles based on those stats•Travel magazine published twice a year (launch in May)•350,000 copies at $4Article #6: Airbnb Acquired its React Native Partner Deco Software, Deco IDE Goes Open Source•‘Acquihire’ brings five employees to Airbnb•Experience in building native mobile apps•Airbnb’s 14th acquisitionResources MentionedArticle #1: forbes.com/sites/briansolomon/2017/05/05/airbnb-and-hotels-need-each-other-they-just-dont-know-it-yet/#2b4c49933e46Article #2: thestar.com/news/city_hall/2017/05/05/beaches-treehouse-a-hit-on-airbnbfor-rent-temporarily-a-charming-treehouse-bunkie.htmlArticle #3: wsj.com/articles/battle-over-airbnb-legislation-heats-up-in-albany-1493936838?tesla=y&mg=id-wsjArticle #4: observer.com/2017/03/tips-how-to-make-best-airbnb-listing/Article #5: wsj.com/articles/airbnb-teams-with-hearst-on-magazine-guided-by-travel-sites-data-1493892000Article #6: techcrunch.com/2017/05/02/airbnb-has-acquired-partner-deco-software-deco-ide-is/Connect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Aviva IQ. Aviva IQ automates messages to your Airbnb guests. It's also free! Hosted on Acast. See acast.com/privacy for more information.

So you’ve planned a retreat for entrepreneurs and booked the Airbnb, but lack of interest forced you to cancel the event. Now it’s time to get creative and find a way to recoup the money you spent on accommodations. What if you listed the space on Airbnb yourself, and sublet it out to get your money back?Chris Reynolds is the founder of Entrepreneur House, a business accelerator that holds events worldwide with the intent of creating a community where entrepreneurs can live together for four weeks, attending goal-setting and productivity workshops as well as taking part in advisor-led seminars and one-on-one coaching sessions. Chris has taken advantage of the Airbnb platform to book accommodations for Entrepreneur House retreats in Chiang Mai, Barcelona and Rio de Janeiro, and then sublet those bookings when they weren’t being used!Today, Chris shares the objectives of Entrepreneur House as well as his advice for Airbnb hosts. Listen in to learn how he was able to negotiate with a landlord who caught him subletting an Airbnb space illegally – and turn that potential conflict into a lucrative business partnership.Topics CoveredWhy Entrepreneur House was launched•Business accelerator for established entrepreneurs•Offers cultural experience through four-week retreats held all over the world•Provides community and sense of belonging•Leverage each other’s skills while mountain-biking, for example•More productive than regular environmentHow Chris employs Airbnb for Entrepreneur House•Uses platform to book accommodations for attendees (in advance and last minute)•Sublets Airbnb when event is canceled or doesn’t need space for entire booking periodHow Chris handled being caught by the landlord for subletting without permission•Landlord discovered Airbnb listing and called meeting•Chris explained intent to recoup loss as entrepreneur•Landlord altered contract to allow for short-term rentals•Chris partnered with owner of leasing company to book the following yearThe dynamic around illegal activity in Barcelona•Drinking on the street, graffiti and pot lounges are technically illegal, but rules not enforced•Short-term rentals are illegal, but people continue without much fear of retributionChris’s advice for Airbnb hosts•Include photos of all rooms (better pics = better bookings)•Offer a flat screen TV (almost always indicates better quality)•Put forth the time and effort to compose a thorough description for your listingChris’s guidance for dealing with a landlord if you’re listing your rental on Airbnb•Be clear about why you’re using the platform•Enter negotiations with a proposal that will benefit you both•If the landlord says ‘no,’ respect the fact that they control the propertyResourcesdnxcamp.comChiang Mai Event Details Connect with Christheentrepreneurhouse.comEntrepreneur House PodcastConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests! Hosted on Acast. See acast.com/privacy for more information.

One of the more frustrating aspect of international travel is cell access. Wi-Fi isn’t always available, and additional data plans can be costly. What do you do without access to maps and information? It can make for a harrowing experience in an unfamiliar place where you may or may not be able to communicate with the locals. Just ask Jasper about his trip to Moscow!David Jacoby, Co-founder and President of Hostfully, joins Jasper to discuss all of the ways that Airbnb is trying to do the right thing. To start, the company is developing a solution to the cell access problem, and their patent application made headlines this week. Airbnb is also working to make things right with regard to racial discrimination on the platform, as well as host non-compliance with regulations in the city of San Francisco.In addition to those stories, David and Jasper cover an organization that is most decidedly not concerned with doing the right thing. Listen in and learn about the misleading anti-Airbnb ad sponsored by Share Better DC.Topics CoveredArticle #1: Airbnb is Trying to Solve This Irritating Problem for Travelers•Patent submission for device geared toward travelers with no Wi-Fi or cell network access•Would allow traveler to download trip info (i.e.: maps, messages, etc.)•Convenience for hosts of international travelers•Evidence of Airbnb’s intention to expand beyond home stays•Aligns with Chesky’s commitment to solve the problems of travelArticle #2: Airbnb, HomeAway Reach Deal with San Francisco Over Registering Hosts•Ends lawsuit filed in June over rules imposing steep fines for unregistered hosts•2,100 hosts registered, 8,000 listings in the city•Hosts will be able to register through the company websites (rather than in person)•Airbnb will share information with the city for verification•Goes into effect in eight months•A significant drop in the number of listings is likely•May have unintended consequences, e.g.: renters migrating to unregulated platforms, loss of tax revenueArticle #3: Woman in Anti-Airbnb Ad Showing Anacostia is an Actress•Misleading anti-Airbnb ad sponsored by Share Better DC•Woman in commercial is an actor from NYCArticle #4: Airbnb Will Let California Screen Some Hosts for Racial Bias•Agreement with California Department of Fair Employment and Housing•DFEH will create fake accounts to see if host is complying with fair housing laws•Screenings limited to hosts with three or more listings (6,000 of the 76,000 total)Resources MentionedArticle #1: refinery29.com/2017/04/152318/airbnb-problem-solving-wifi-for-travelersArticle #2: marketwatch.com/story/airbnb-homeaway-reach-deal-with-san-francisco-over-registering-hosts-2017-05-01Article #3: nbcwashington.com/news/local/Woman-in-Misleading-Anti-Airbnb-Ad-Showing-Anacostia-Is-An-Actress-420752283.htmlArticle #4: fortune.com/2017/04/29/airbnb-california-racial-bias/Harvard Study on "Racial Discrimination in the Sharing Economy"HSDC Trade ShowConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Aviva IQ. Aviva IQ automates messages to your Airbnb guests. It's also free! Hosted on Acast. See acast.com/privacy for more information.

Whether you’re just getting started as an Airbnb host, or you’re looking to upgrade your status and pick up a few more five-star reviews, the Laptop Landlord is here to share some killer advice that will help you find the right guests for your property and provide high quality customer service during their stay.Tyler Knutzen is an Airbnb host in Chicago who runs the Laptop Landlord website. He utilized Airbnb for the first time in 2012 as a grad student in Eugene, Oregon, during the US Olympic Trials. He realized that local hotels were overloaded, and living only seven minutes from campus made his place prime real estate. Looking to make extra money, he and his fiancé listed their home on Airbnb and hosted two sets of guests during the course of the event.After a move to Chicago, Tyler forgot about Airbnb until he started looking for a side hustle to help pay off his student loans. He tried several other things before remembering just how easy it had been to set up a listing on Airbnb. Now he sets availability whenever he is going out of town, and his guests receive the benefit of his customer service background via clear communication. Today Tyler shares his best advice for Airbnb hosts, explaining how to identify your niche and why overcommunication is key in receiving five-star reviews.Topics CoveredHow a background in customer service helped Tyler as an Airbnb host•Quality communication with guests led to positive reviews early onTyler’s ‘opportunistic’ approach to Airbnb availability•Set availability when you already plan on being gone•Could also set availability for weekends, and do a free ‘staycation’ if listing is bookedWhy Tyler created the Laptop Landlord website•Compiled Airbnb hosting resources•Wanted to share info, help other hosts plug into Airbnb ecosystemTyler’s 4 best tips for Airbnb hosts•Figure out who you are as a host, and create a listing that attracts the right guests•Take time to set up your listing correctly with a specific headline and photo captions•Be proactive with customer service and overcommunicate before, during and after the stay•Perform hosting duties yourself before you delegate, outsource or automateConnect with Tylerlaptoplandlord.comConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests! Hosted on Acast. See acast.com/privacy for more information.

Conventional wisdom tells us to ‘expect the unexpected,’ and Airbnb news certainly delivered this week, most notably when a guest in Los Angeles received a surprise visit from a SWAT team!Margot Lee Shmorak, CEO and Co-founder of Hostfully, joins Jasper (our homeless host) to discuss that incident as well as the unexpected negative view of Airbnb presented by a few high-profile Democrats on the national stage in the US.They also cover the story of a couple who was pleasantly surprised by Airbnb’s new payment options as they planned their honeymoon trip, and an op-ed explaining why Airbnb’s growth in China is sluggish despite their best efforts. Listen in to understand why anything more than modest growth is unexpected in the Chinese market.Topics CoveredArticle #1: Hotel Industry Details Plans to Fight Airbnb•High-profile Democrats raised concerns about Airbnb•Questioned housing costs, racial discrimination, and consumer protection and safety w/ FTC•Accused Airbnb of evading local tax laws•First time issue raised at national level•Hotel lobby gave $1.3M to congressional candidates during past election cycle•Airbnb spent $485,000 on lobbying in 2016•Polarizing stance is surprisingArticle #2: Why Airbnb’s China Expansion is Stumbling•Name rebrand ‘Airbiying’ is awkward•Homesharing not part of Chinese culture•Only 19% motivated by social aspect•Only 6.5% of Chinese trust strangers•Price difference between Airbnb and hotels is much smaller•Competition is much bigger•Tujia boasts 10 times the number of listings•Regulations make it difficult for foreign companies to do business•The city of Paris has roughly the same number of Airbnb listings as all of ChinaArticle #3: Airbnb Guest Surprised by SWAT Team Looking for Fugitive•New Yorker staying at Airbnb in Los Angeles•Overwhelmed by officers looking for ‘Ashley’•Shot video of the incident•Nervous that local regulations might prohibit Airbnb, he initially claimed to know the fugitive•Later admitted that he did notArticle #4: Airbnb is Quietly Testing Flexible Payment Plans for Guests•Airbnb is testing a feature that allows guests to put down a 50% deposit to reserve a luxury property•Remaining balance is due two weeks prior to arrival•Invented other systems in regions where paying with an international credit card isn’t an option, i.e.: Cuba and Brazil•Demonstrates Airbnb’s willingness to experimentResources MentionedArticle #1: thehill.com/policy/technology/329120-the-hotel-industry-is-planning-a-washington-showdown-with-airbnbArticle #2: techinasia.com/talk/airbnb-china-expansion-stumbleArticle #3: news.com.au/finance/business/travel/airbnb-guest-surprised-by-swat-team-looking-for-fugitive/news-story/0e0d2ee58092d045e8915466a30a59cbArticle #4: fastcompany.com/40410787/airbnb-is-quietly-testing-flexible-payment-options-for-guestsConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Aviva IQ. Aviva IQ automates messages to your Airbnb guests. It's also free! Hosted on Acast. See acast.com/privacy for more information.

Is there something you’ve always wanted to try? Maybe it’s surfing, or nature photography, or even burlesque? It can be intimidating to seek out experiences like that on your own if you don’t know anyone in the scene.Airbnb Experiences is designed to give guests an opportunity to try something extraordinary – with a welcoming expert host who can’t wait to share their city with you. Cat LaCohie, otherwise known as Vixen DeVille, is an Airbnb Experience host in Los Angeles who shares the world of burlesque with guests who are curious about the art form.Today Cat shares the process of developing an experience with Airbnb, the specifics of what’s involved in her one- and three-day experiences, and the advantages the program provides to travelers. And if you’re interested in becoming a host yourself, Cat offers invaluable advice regarding how to create a unique experience. Topics CoveredThe qualities the company is looking for in Airbnb Experience hosts•Welcoming•Willingness to meet and spend time with guestsWhy Airbnb approached Cat to serve as host•Her niche in burlesque fit the wide spectrum of interests Airbnb was going for•Cat’s Yelp reviews spoke to her approach in working with othersAirbnb’s initial approach in developing experiences•Provide a range of activities•Select interesting and fun hostsHow Airbnb provided support in developing each distinct experience•Marketing copy•Promotional photos, videos•Hosts paid for time during beta testing (though experiences offered for free)•Provided retainer for hosts to ensure availability during testing phase•Airbnb employees did experiences themselves to provide feedbackCat’s one-day experience•‘Pregame’ dress up and selfies•Burlesque showCat’s three-day immersion•Day One – attend burlesque show•Day Two – class with Cat to learn burlesque technique•Day Three – photo shoot with costumesThe benefits of Airbnb Experiences vs. a typical tourist experience•Extraordinary activities•Expert guidance•Part of a group – instantlyThe diverse guests Cat has hosted•Groups with genuine interest in pursuing burlesque•Individuals moving to LA and looking to make interesting friends•Older women looking to get a new lease on lifeCat’s advice to potential Airbnb Experience hosts•Develop an experience that is linked to your passion•Be sure you have an ‘in’ (share your world/network)•Be flexible and adapt to your guests’ requests•Interact and show interest in your guests•Choose activities that a visitor would NOT know about (rather than what’s ‘popular’)The financial aspects of hosting an experience•Cat’s one-day experience costs $99 for four hours•Airbnb receives 20%•Cat’s expenses include show tickets, drinks, photographer/makeup artist fees•The more people participating, the more lucrative•One person doing one-day experience, only $30 profit•Six people, as much as $500 profit in one nightResources Airbnb Experiences Hosting Info Connect with CatCat’s Airbnb Burlesque Experience‘Vixen DeVille’ WebsiteConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests! Hosted on Acast. See acast.com/privacy for more information.

You’ve got to keep ‘em regulated.This seems to be the hotel industry’s sentiment toward Airbnb, as revealed in documents obtained by the New York Times this week.Jasper is joined by Glenn Carter, Hostfully Marketing Specialist, to chat about the American Hotel and Lodging Association’s formal plan to rein in Airbnb, as well as a new UBS report suggesting that regulations have slowed the growth of Airbnb in some of the company’s most popular markets.They also cover the lawsuit Airbnb is bringing against the city of Miami for targeting hosts who spoke at a city commission meeting, and corporate travel policies around homesharing. Listen in to find out what amenities attract business travelers and how corporations can benefit from allowing for the use of platforms like Airbnb when employees travel for work.Topics CoveredArticle #1: Inside the Hotel Industry’s Plan to Combat Airbnb•American Hotel and Lodging Association’s action plan to combat Airbnb revealed•Took credit for Federal Trade Commission’s housing cost investigation and steep fines in NY•Hotel industry argues that Airbnb drives up housing costs and hurts the middle class•The numbers disprove that claim as majority of hosts have only one listing•No proof of causal relationship between rising home prices and AirbnbArticle #2: Corporate Travel Still Doesn’t Get Homesharing Despite Business Traveler Use•A mere 17% of corporate travel policies allow business travelers to stay at homesharing properties•Some business travelers unaware of company policy, utilize homesharing regardless•Airbnb caters to business travelers with select amenities•Flexibility and affordability likely to attract more business travelers to Airbnb moving forwardArticle #3: Airbnb Sues Miami After City Targets Speakers at Recent Meeting•City of Miami targeted five Airbnb hosts who spoke at city commission meeting•Airbnb filed lawsuit against city for violation of First Amendment rights•Airbnb argues that hosts had the right to speak without fear of retribution•Airbnb has shown willingness to cooperate with other cities•Strange that Miami would instigate conflict and bring about negative PRArticle #4: Regulation is Slowing Growth in Some of Airbnb’s Most Popular Markets•UBS report suggests that regulations have had a negative impact on Airbnb’s business•Listings in Airbnb’s seven largest markets still grew 40% year over year•Declines noted in NYC and Barcelona, where strict legislation has been enacted•Airbnb looking to grow in other hospitality niches until revenue from homesharing accounts for less than half of the company’s totalResources MentionedGlenn’s GPFYP Podcast InterviewGPFYP Episode 47Article #1: nytimes.com/2017/04/16/technology/inside-the-hotel-industrys-plan-to-combat-airbnb.htmArticle #2: skift.com/2017/04/17/corporate-travel-still-doesnt-get-homesharing-despite-business-traveler-useArticle #3: local10.com/travel/airbnb-sues-miami-after-the-city-targeted-speakers-at-recent-meetingArticle #4: skift.com/2017/04/14/airbnbs-growth-slows-in-markets-where-it-faces-more-regulation Connect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Aviva IQ. Aviva IQ automates messages to your Airbnb guests. It's also free! Hosted on Acast. See acast.com/privacy for more information.

Everyone loves a good party… Unless of course, that party happens in your Airbnb without your knowledge or consent!We all hope that our guests will be respectful of our possessions and our space, and the vast majority of Airbnb users are good people who do just that. But every now and then a bad apple comes along, and it is a good idea to be aware of Airbnb’s resolution process and think through how you might handle a negative situation should it ever arise.Alice is an Airbnb Superhost who manages Talon Resort, a private mountain home in Tennessee, and lives there when it is not booked. After a weekend rental that was supposed to be for five people, she returned to find evidence that a keg party had taken place in her home. Worse yet, several of her possessions were missing.Listen in as Alice shares her story and offers advice regarding how to handle such difficult situations in a professional manner – and better yet, how to spot the warning signs in advance and avoid a problem altogether!Topics CoveredAlice’s Airbnb standing•Manages four properties•Superhost status•Lives at private mountain home in Tennessee when not bookedAlice’s communication with guest prior to stay•Guest was polite, planned ‘relaxing weekend in mountains’•Alice accepted two-night booking for five people despite lack of reviews•She intended to meet guest at afternoon check-in•Guest altered arrival time to 11pm at the last minuteWhat Alice discovered upon return•In breach of house rule, wood stove was used•Mink stole missing from closet•Bedspread, blanket and bottle of Sam Adams Utopias also missing•Shattered glass in bedroom, on porch and in yard•Bullet holes indicated that guests had destroyed stemware with pellet gun•Bloodstains in closet, vomit in every bathroom and outsideEvidence of alcohol consumed•177 used Solo cups•168 empty beer cans•5 empty bottles of wine•3 empty handles of liquorThe guest’s response when confronted•Didn’t take responsibility•Maintained that only five people were on property•Denied having taken any items•Suggested that glass bottle dropping out of trash bag caused debris in yardHow Alice responded•Called Airbnb right away•Customer service agent advised her to call police•Initiated Airbnb resolution processAirbnb’s resolution process•Must report dispute before arrival of next guest•Host submits request for specific amount of money•Guest has three days to…•Approve and send payment•Decline with explanation•Negotiate via dialogue•If guest fails to respond, Airbnb gets involvedAlice’s experience with the Resolution Center to date•Sent request for return of stolen items and $685•Guest failed to respond•Alice had to write additional report and get estimates of damage•After three weeks, she has yet to hear from Trust and Safety DepartmentWhat Alice is doing differently to prevent future incidents•No remote check-in•Photo of guest’s government ID•Higher security deposit•Qualifiers added to house rules (e.g.: no shooting of any kind)•No alcohol left out moving forwardWarning signs Alice noticed in retrospect•No bio on profile•Change in check-in time to avoid meetingAlice’s advice regarding how to handle similar situations•Be sure to document with before/after photos•Pay attention to detail•Stay calm and organized•Communicate with guests through Airbnb siteResources Hosted on Acast. See acast.com/privacy for more information.

Airbnb was in the headlines for the wrong reasons this week, as an Asian-American guest was stranded by a vicious host who offered race as the reason for the last-minute cancellation. Despite Airbnb’s best efforts to combat discrimination via changes to the platform, the issue continues to plague the company.Today Jasper chats with Nicole Prentice Williams, VP of Strategic Partnerships at Hostfully, about the adjustments Airbnb has made to create an unbiased environment and whether those changes go far enough. They also cover the governor’s race in California, and the big donations Airbnb employees are making to a certain candidate.Listen and learn about the currency conversion fee Airbnb guests are facing as well as the gear you need to outfit your vacation rental. Want that coveted five-star review? Provide your Airbnb guests with these amenities!Topics CoveredArticle #1: ‘One Word Says It All – Asian’: Airbnb Host Reportedly Leaves Guest Stranded Because of Her Race•Guest booked property near Big Bear, California, for ski trip•Reservation canceled upon arrival•Host texted outrageous, racist comments as explanation•Emotional guest interviewed by local news crew•Host banned from the platform•Timing of video release (six weeks later) seems oddArticle #2: How Airbnb’s Redesign Aims to Combat Discrimination on the Service•Instant Book feature•Removal of host pics in search results•Profile photos of guests and hosts minimized•Critics suggest suppression of photos until booking is complete•Airbnb counters that photos are important for security, culture•Hosts rely on photos to help make informed decisionsArticle #3: The Best Gear to Outfit a Vacation Rental or Airbnb•Offers 24-item checklist•Provide better experience for guests (comparable to hotel)•Includes mattress and pillow protectors for the bedroom•Recommends quality towels, hair dryer and clean shower liner for bath•Suggests Wi-Fi extender•Little things like a bottle opener and better toilet paper make a big differenceArticle #4: Newsom Raises Most for Governor’s Race, With Boost from Airbnb•Progressive former mayor of San Francisco•Airbnb employees have donated more than $200,000 to his campaign•Other candidates report largest single-source contributions under $100,000Article #5: People are Really Annoyed About Airbnb’s ‘Hidden’ 3% Conversion Fee•Guests who book in a country with a different currency must pay 3% fee•Credit card company typically charges this conversion fee•Airbnb likely saw an opportunity to make money by doing conversion themselvesResources MentionedArticle #1: washingtonpost.com/news/business/wp/2017/04/07/one-word-says-it-all-asian-airbnb-host-reportedly-leaves-guest-stranded-because-of-her-raceArticle #2: cnbc.com/2017/04/07/airbnb-experimenting-with-site-design-to-fight-discriminationAirbnb Open Doors PolicyArticle #3: thesweethome.com/reviews/best-gear-to-outfit-a-vacation-rental-or-airbnbAirbnb News Facebook GroupGPFYP Email NewsletterArticle #4: sfchronicle.com/politics/article/Newsom-raises-most-for-governor-s-race-with-11060806.phpArticle #5: businessinsider.com/airbnb-charges-a-sneaky-3-per-cent-conversion-fee-on-bookings-2017-4Airbnb’s Currency Conversion FeeConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Aviva IQ. Aviva IQ automates messages to your Airbnb guests. It's also free! Hosted on Acast. See acast.com/privacy for more information.

The beauty of Airbnb is the trust people place in each other, allowing strangers to stay in their homes and sharing their space – and often their lives. Comedians are in the business of studying people and learning their stories, and today’s guest was fascinated by the concept of home sharing and curious to understand why people choose to host.Jasper is chatting with Greg Schwem, a business humorist, corporate comedian, and syndicated columnist. He often travels for work, so Greg started adding an extra day to his trips and booking an Airbnb with an interesting profile. With their permission, he films a segment with each host and posts to his YouTube channel, A Comedian Walks into an Airbnb.Listen in as Greg shares his unique Airbnb experiences, including a stay on an air mattress in a Volkswagen van and a trip to Miami Beach hosted by a ‘stripper turned house flipper.’Topics CoveredHow Greg chooses an Airbnb•Interesting profile•Extraordinary location/circumstancesGreg’s unique experiences•Row house in DC•Volkswagen van in Vail•Carriage house in Tulsa•Trendy loft in ChicagoGreg’s extraordinary host in Miami Beach•Former exotic dancer•Hosts property in Miami Beach•Career in real estate led to Airbnb•Owned rock and roll paraphernalia store•Very open about her pastHow Greg approaches video production•Airbnb host is the star•His job is to get them talkingWhy Greg is particularly suited to host an Airbnb-themed channel•Background in television news•Open to staying anywhere•Age adds a degree of humor (at 54, he’s often out of his element)•Interest in people and their storiesGreg’s plans for his channel moving forward•Continue to seek out interesting Airbnb hosts/experiences (i.e.: flea market shopping in Texas)•Pursue slot on a streaming video or network channelResources “My Daughter’s Room Would Look Great on Airbnb” by Greg SchwemConnect with Gregwww.gregschwem.comA Comedian Walks Into an Airbnb YouTube Channel Connect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests! Hosted on Acast. See acast.com/privacy for more information.

As the trend toward instant bookings continues, the Airbnb platform becomes more user-friendly for guests. But what does that mean for you as a host? The policies around cancellations can be confusing, and hosts who prefer the strict cancellation policy operate under a different set of rules.Hostfully President David Jacoby joins Jasper this week to cover the pros and cons of using Instant Book as Airbnb steers its hosts toward that option. They also chat about the recent incidence of theft in Toronto and Airbnb’s response, as well as the latest news about Airbnb’s growth – which may not be as disruptive as people think!Listen and learn about upcoming home-sharing trade shows and conferences on the west coast and the different types of insurance policies you may want to consider – if you are using platforms other than Airbnb. And if you didn’t catch Airbnb’s April Fool’s joke, David and Jasper will hook you up.Topics CoveredArticle #1: Instant Booking Becomes the Big Metric for Airbnb and Vacation Rentals•Airbnb instant booking availability has grown from 460,000 in the first quarter of 2016 to nearly 1M today•Hosts who use Instant Book may cancel penalty-free three times•All Booking.com listings are instantly bookable•New Airbnb system currently being tested in Italy•Service fees higher for hosts using strict cancellation policy•Instant Book seeks to decrease discrimination on the platformArticle #2: Airbnb Fully Reimburses Man Who Had $21K Worth of Items Stolen by Guests•An iPad and two iPhones were among the stolen items•Airbnb does have insurance, but other platforms do not•Select policies carefully, considering both liability and coverage for contents/damages•Deliberate between replacing your current policy or adding a riderArticle #3: Airbnb’s Growth Soars: Senior Women are Fastest-Rising Demographic of Home-Sharing Hosts•151% growth in Nevada•Despite growth, hospitality industry doing well•Affordability of Airbnb creates additional travel demandArticle #4: Airbnb Might Not Be So Disruptive After All•HomeAway is keeping up•Many hosts list on multiple platforms•Allowing short-term rentals can benefit landlords•Hosts willing to pay extra•Property well-maintained•Less turnoverResources MentionedSmartbnbArticle #1: tnooz.com/article/instant-booking-big-metric-airbnb-vacation-rentalsHumanless Host VideoArticle #2: www.cbc.ca/news/canada/toronto/airbnb-update-1.4049429CBIZ InsuranceComet InsuranceProper InsurancePropel InsuranceArticle #3: vegasinc.com/business/2017/apr/03/airbnbs-growth-soars-senior-women-are-fastest-risiArticle #4: barrons.com/articles/airbnb-might-not-be-so-disruptive-after-all-1490993239Jasper’s Airbnb Listing QuizHSDC Trade Fair (Bay Area)Host2Host Conference (Portland)Connect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Aviva IQ. Aviva IQ automates messages to your Airbnb guests. It's also free! Hosted on Acast. See acast.com/privacy for more information.

Feel like escaping the ‘rat race’? Wouldn’t it be nice to build a little wealth, making as much in passive income as you do active? Today Jasper has a conversation with a guest who has accomplished this ambitious goal – with the help of a game!Mark Krupa has invested in multiple properties along the ‘tourist trail’ in Eastern Europe. He is the author of @Airbnb Coach: Maximize Your Income and Satisfaction as an Airbnb Host, and he does one-on-one coaching to help Airbnb hosts improve their listing performance.Listen and let Mark coach you up on the investing game in Eastern Europe! Learn how he chose his investments, which one is performing the best and why, and how he navigates the ever-changing regulations around short- and long-term rentals.Topics CoveredHow Mark chose the locations for his investments•Researching tourist numbers and top destinations•Visiting himselfWhy Mark chose Eastern Europe•He lives there and Americans are allowed to invest•Low down payments and mortgage rates in 2009Mark’s properties•Bad Aussee, Austria•Czech Republic (three studio apartments)•Texas (two single family homes)The success of the Austrian property•Opportunities to ski in the area•‘Four season destination’•Purchased for $35,000 ($7,000 down payment)•Income of €900/month, expenses only €350/month•Advantageous tax situation•Low interest rate on mortgageThe unique requisites for guests of Mark’s Austrian property•Fill out and turn in tourist tax form•Leave cleaning fee in cash (€35)•Access keys themselves via realtor lock box next to front doorOther locales Mark has considered as an investment•Vienna•Budapest•Capital citiesThe regulations surrounding short-term rentals in the Czech Republic•Must have business license for short-term rental (30 days or fewer)•Obligated to forward guest information to foreign police•Required to report income at end of tax year•Mark had to shift from short- to long-term rentalsMark’s tips for investors•Find out if you can secure a mortgage•Look into buying properties that are fully managed•Research the prospects of making more than you will spend•Stay there yourself if possible•Find a reliable cleaning staff that does quality work•Communicate, react and welcome guestsResourcesCashflow Gamevoxer.comConnect with Mark@Airbnb Coach: Maximize Your Income and Satisfaction as an Airbnb Host- by Mark KrupaConnect on FacebookFollow on Twitter Connect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests! Hosted on Acast. See acast.com/privacy for more information.

Airbnb’s mission statement asserts that one can “belong anywhere.” But because of the company’s disruption of the travel industry, some cities have implied that Airbnb itself is unwelcome – through strict regulations and ongoing legal battles.This week in the news, we see evidence that Airbnb is finding new ways to work with city governments and nonprofits to both improve their image and impact social change.Jasper is joined by Hostfully’s Head of Marketing, Silvia Li, to discuss Airbnb’s partnership with the city of San Francisco to combat homelessness. They also cover the company’s efforts to diversify beyond their core product as they expand into other areas of the travel space, specifically exploring the Airbnb Trips product. Listen and learn how Experiences hosts feel about the ‘experience’ thus far… And find out about Jasper’s submission to host a tour in Amsterdam!Topics CoveredArticle #1: Airbnb Teams Up with SF Giants to Help Homeless Families•Donate $1,000 for every home run scored by team•Hamilton Families Center as beneficiary•1,145 homeless families in the city (1,800 children)•Goal to place 800 families in homes by 2019•Mends relationship with city•Supports social impact aspect of Airbnb missionArticle #2: This is What Airbnb Trips Hosts Really Think of Airbnb’s Newest Product•Trips is part of effort to diversify (in response to investors)•Smart to add service to platform for travelers•Experiences are extremely curated•Airbnb supporting hosts with branding, marketing and ad $•800 Experiences available to book (up 60% since November)•59% of bookings in San Francisco were made by locals•Homes product will eventually account for less than half of revenueResources MentionedSilvia’s Go Fund Me Page for Peru Mudslide VictimsArticle #1: cnet.com/news/airbnb-teams-up-with-sf-giants-to-help-homeless-families-find-homesArticle #2: skift.com/2017/03/27/this-is-what-airbnb-trips-hosts-really-think-of-airbnbs-newest-productConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Aviva IQ. Aviva IQ automates messages to your Airbnb guests. It's also free! Hosted on Acast. See acast.com/privacy for more information.

New York is known as the city that never sleeps. But if you are an Airbnb host there, you may be losing sleep over the state’s anti-Airbnb crusade and complicated short-term rental regulations.Today Jasper is on the line with Brendan MacKenzie, the founder of MetroButler, a short-term management company in New York. His background in law and familiarity with the Airbnb ecosystem make him the perfect candidate to explain what you need to know about the Multiple Dwelling Law and how it affects hosts in the Big Apple.Beyond clarifying the laws around short-term rentals, Brendan breaks down the pros and cons of the city’s hardline approach as well as the opportunities NYC is missing out on by discounting Airbnb’s benefits. Listen in to understand New York’s housing crisis and how the city might compromise with Airbnb to help – rather than hinder – the housing market!Topics CoveredNew York’s Multiple Dwelling Law•Applies to Class A buildings•Restricts from renting for fewer than 30 days if host isn’t present•Designed to discourage commercial operators•Amended in recent months to prohibit advertising (w/ fines of up to $7500 per infraction)Negative aspects of the Multiple Dwelling Law•Though the intention is to go after bad actors, it applies to a large number of hosts who are not commercial operators•Without an education campaign, many are unfamiliar with the Class A distinction•Might end up driving people out of their homes without Airbnb to help make ends meetWhy New York is taking such a hardline approach•Commercial operators take properties off the market•Pressure from the hotel lobbyCommon sense compromises that would benefit the city•Applying a nominal tax would generate revenue to build affordable housing•Working with Airbnb to enforce the One Host, One Home policyThe benefits of embracing Airbnb in New York City•Brings travelers who would not be able to afford a hotel•Allows for a more efficient use of resources•Provides a source of additional income for struggling artists, freelancers, etc.•Creates jobs in the Airbnb ecosystem (cleaning services, contractors, etc.)The MetroButler service•Serves the New York metro area•Provides “boots on the ground” for hosts while they travel•Full Service option for a 25% commission•Lite Service a-la-carte offerings (key exchanges, sheet rentals, etc.)Connect with BrendanMetroButler WebsiteConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests! Hosted on Acast. See acast.com/privacy for more information.

SW2 + WC = MO.Don’t worry: This isn’t an algebra lesson. The formula above is actually some inspiring advice Airbnb co-founder Joe Gebbia learned from an RISD professor about how to deal with rejection. In a recent interview with Signapore’s Strait Times, Gebbia shared his journey from selling Teenage Mutant Ninja Turtles drawings to his elementary classmates for $2 to co-founding global powerhouse Airbnb.Today Jasper chats with Hostfully’s Vice President of Strategic Partnerships, Nicole Prentice Williams, about the Gebbia interview and other current Airbnb news items. They cover the IPO timeline, potential disruption in the air travel industry and enforcement of the “One Host, One Home” policy in San Francisco. Listen in to see what’s going on in the world of Airbnb!Topics CoveredArticle #1: Airbnb CEO Brian Chesky: Going Public is a ‘Two-Year Project’•Implied IPO in 2018•Investors have been patient•Legal uncertainty would affect stock market•Positioning through diversification of servicesArticle #2: The Co-founder of $31 Billion Airbnb Expects a ‘Revolution’ in Air Travel Next•Little change in decades•Ripe for disruption•Services like JetSuite and JetSmarter already cropping upArticle #3: Airbnb Yanks 923 Listings in San Francisco•Violations of “One Host, One Home” policy•Attempt to smooth relationship with city regulators•Pulled listings included 317 entire homes, 26 private rooms and 580 shared rooms•Of the 10,200 listings in San Francisco, only 1,877 are registered per city requirementArticle #4: It Changed My Life: Airbnb – an Adventure That Begins at Home•Joe Gebbia interview at launch of Airbnb Trips in Singapore•In 3rd grade, sold Teenage Mutant Ninja Turtles drawing to classmates for $2•Met Chesky at Rhode Island School of Design•Learned formula to deal with rejection•Launched startups Critbuns and Ecolect to mild success•Got the idea for Airbnb while struggling to make rent in San Francisco•Business has grown from 500,000 users in 2012 to 3 million todayResources MentionedArticle #1: fortune.com/2017/03/13/airbnb-brian-chesky-ipo-2018/Article #2: cnbc.com/2017/03/17/airbnb-ceo-brian-chesky-air-travel-revolution-coming.htmlArticle #3: hcnet.com/news/airbnb-yanks-923-listings-in-san-francisco-one-host-one-homeArticle #4: straitstimes.com/world/it-changed-my-life-airbnb-an-adventure-that-begins-at-homeAirbnb Academy Facebook Group Connect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Aviva IQ. Aviva IQ automates messages to your Airbnb guests. It's also free! Hosted on Acast. See acast.com/privacy for more information.

There is no doubt that the short-term rental market is here to stay. Airbnb has experienced a wildfire expansion in the last ten years, and it only continues to grow.Listen in to learn about a new book that looks at the development of the industry through a series of interviews with eight players, both large and small, exploring the details of its expansion and predicting its future direction.Today Jasper speaks with Tristan Rutherford, travel reporter for The Times, the Guardian, and the Daily Telegraph as well as co-author of Room for Profit: Make Airbnb and the Short Rent Revolution Work for You. They cover the rise of the short-term rental market and its ecosystem, the regulation of the industry, and how to use negative reviews to your advantage.Topics CoveredHow Tristan and his co-author got the idea for Room for Profit•Interview with neighbor struggling to make ends meet•Tristan has been a host himself since 2004•Market has been life-changing for many individualsThe rise of the short-term rental industry•Consolidation on mega-sites like Tripping.com mirror the automobile industry•TripAdvisor survey indicates enormous growth in users interested in booking short-term vacation rentals•52% in 2014•70% in 2016•Beyond Pricing CEO Ian McHenry predicts that Airbnb-style vacation rentals will account for 20% of bookings worldwide by 2018Pros and cons of the short-term rental industry•Potential negative effect on local housing markets•Helps the ‘little guy’•Half of the hosts in Berlin make less than the median household wage•Provides a place to stay in locations where hotels aren’t availableThe regulation of the short-term rental industry and Travis’ Law•Theory introduced by Brad Stone in The Upstarts•Politicians forced to accept new services (i.e.: Uber, Airbnb) via peer pressure•Popularity the result of benefits for consumers and profits for usersThe importance of reviews•TripAdvisor survey indicates that 72% will not consider booking a listing without a review•One or two five-star reviews is a game changerHow to respond to negative reviews•Be polite•Thank the guest for their feedback•Explain the improvements you have madeThe exponential growth of the Airbnb ecosystem•Startups designed to complement Airbnb have become their own industry•Beyond Pricing CEO Ian McHenry predicts that 50% of hosts will be using a third-party tool by 2018 Connect with Tristanwww.rutherfordtomasetti.comResources MentionedRoom for Profit: Make Airbnb and the Short Rent Revolution Work for You by Tristan Rutherford and Gayle RobertsThe Upstarts: How Uber, Airbnb, and the Killer Companies of the New Silicon Valley are Changing the World by Brad StoneConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests! Hosted on Acast. See acast.com/privacy for more information.

Has the student become the teacher?One of the headlines in Airbnb news this week comes from the South China Morning Post, its author arguing that Chinese copycat home-sharing sites have begun to surpass Airbnb when it comes to innovation.Silvia Li Pham of Hostfully is back to chat with Jasper about this and other news stories, including the additional capital Airbnb has raised, the company’s intention to expand corporate business travel, and the reason behind Brian Chesky’s new title as CEO and head of community. Jasper and Silvia have fun unpacking this information – though maybe not as much fun as the guests at an Airbnb flat in Islington last week!Topics CoveredArticle #1: Airbnb Raises $1 Billion More in a Funding Round•Extends private face, postpones IPO•Facilitates additional acquisitions in the travel spaceArticle #2: Airbnb Explores Expansion in Long-Term Home Rentals•Cater to business travelers•Stays up to six months•Craigslist currently dominatesArticle #3: How China’s Airbnb Copycats Beat the Silicon Valley Titan at its Own Game•Chinese companies borrowed Airbnb template•Several of their innovations have been emulated by Airbnb (i.e.: Airbnb Trips, cleaning services)•Chinese managers visit hosts to consult•Seamless integration with apps like WeChatArticle #4: Airbnb Offers Hosts Greater Role in Company•Airbnb announces intention to give hosts a voice•Chesky will host quarterly Facebook Live event•Goal to increase host clubs from 114 to 1,000 by the end of 2018Article #5: Airbnb Renters Turned a Flat into a Nightclub with Tickets and a Bouncer•Islington, near London•Host on holiday•200+ people•Police arrived, called for backup•Guest banned from AirbnbResources MentionedArticle #1: www.nytimes.com/2017/03/09/technology/airbnb-1-billion-funding.htmlArticle #2: www.bloomberg.com/news/articles/2017-03-08/airbnb-explores-expansion-in-long-term-home-rentalsAirbnb SubletsArticle #3: www.scmp.com/week-asia/business/article/2074802/how-chinas-airbnb-copycats-beat-silicon-valley-titan-its-own-gameArticle #4: www.sfchronicle.com/business/article/Airbnb-offers-hosts-greater-role-in-company-10984131.phpArticle #5: www.factmag.com/2017/03/09/airbnb-renters-turned-flat-nightclub-tickets-bouncer/Connect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Aviva IQ. Aviva IQ automates messages to your Airbnb guests. It's also free! Hosted on Acast. See acast.com/privacy for more information.

Airbnb owes much of its success to the visual appeal of the site, which has been referred to as “Pinterest meets real estate porn.” But did you know that in Airbnb’s early days, Brian and Joe spent time with hosts in New York and took the pictures themselves to help upgrade the listings?The Airbnb story is a compelling one, and you might be surprised by many moments in Airbnb history that made a significant impact.Today Jasper chats with Leigh Gallagher, Fortune editor and author of The Airbnb Story: How Three Ordinary Guys Disrupted an Industry, Made Billions … and Created Plenty of Controversy. They discuss the company’s early struggles, pivotal moments in their growth and development as well as the ongoing controversies that plague Airbnb.Topics CoveredThe inception of Airbnb and its early struggles•Joe and Brian met at RISD•Rented out their apartment in San Francisco to pay rent•Each racked up $20,000 in credit card debt during development•Launched at SXSW but gained little traction in first year•Investors skeptical due to issues around safetyWhen Airbnb finally began to turn things around•Pushed to apply for Y Combinator in 2009•Received critical advice from Paul Graham•Go to your users•Do things that don’t scale•Obtained investment from VC Greg McAdooThe major challenges of creating a company around the Airbnb product•German competitor Wimdu•Ransacking incident in June 2011•Building a culture•Hiring seasoned executives, i.e.: Chip ConleyHow Airbnb shifted from technology to hospitality•Began as a platform with software as product•Realized hosts were product•Sought to formalize standards and teach hospitality at scaleAirbnb’s grand ambitions to expand to products outside homes•Experiences•Restaurant reservations•Event booking•Flights•Other servicesThe controversial aspects of Airbnb•Legal challenges•Neighbor issues•Safety incidents•DiscriminationConnect with Leighleighgallagher.com Resources MentionedThe Airbnb Story on AmazonThe Airbnb Story at Barnes & Noble Connect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests! Hosted on Acast. See acast.com/privacy for more information.

As Airbnb continues to grow and pursue its ambition of becoming the Superbrand of Travel, changes in the company’s model are sure to follow. On some fronts, Airbnb seems committed to maintaining the hands-off, platform-only approach to business in the sharing economy. Yet in other areas, they are taking a more proactive approach that allows the company more control over the guest experience.Jasper is joined by Deanna Ting, Hospitality Editor for Skift, and David Jacoby, CEO and Co-founder of Hostfully, to discuss Airbnb’s pursuit of world domination in the travel space. Their round-table discussion delves into the company’s ongoing legal issues and how recent acquisitions point to a shift in the company’s tactics.Listen in to learn how you can stay on top of what’s happening in the travel industry as well as the specifics of Airbnb’s evolving approach to business. Topics CoveredAirbnb’s Legal Issues•Cities more cognizant of complications that can arise with Airbnb•Company seems to have different response in Europe vs. US•Airbnb assisting with enforcement of regulations in London and Amsterdam•Partnership with Chicago shares host info with city, but raises privacy concernsAirbnb Experiences•On brand•Unlikely to match success of home product•Anyone can apply, but tour guides hand-selected by Airbnb•Airbnb involved in building itineraryAirbnb Acquisitions•Luxury Retreats indicates an intention to gain more control of guest experience•Tilt technology is a good fit to allow for ease of payment for groupsThe future of Airbnb•Continued pursuit of Travel Superbrand status•Addition of flights, complementary services•Persistent regulatory issues•IPO in 2018 or laterResources Mentionedskift.comAirbnb ExperiencesCo-Working Space ArticleConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Aviva IQ. Aviva IQ automates messages to your Airbnb guests. It's also free! Hosted on Acast. See acast.com/privacy for more information.

This week on the podcast, Jasper has a conversation with Brian Chen, lead consumer technology writer for the New York Times and Airbnb Superhost. Brian’s cabin in northern California has been a lucrative business investment, though he has had some surprising experiences with Airbnb guests – and not in a good way.Brian shares a few horror stories about guests who engaged in illegal activity and how Airbnb responded through the dispute resolution process. Listen to find out what lessons Brian has learned from his negative hosting experiences!Topics CoveredBrian’s Wedding Guests•Guest with no reviews booked for a group of 8•Neighbors informed Brian of 50 wedding guests and caterers entering his home•Airbnb assisted in canceling the reservation after guest denied breaking house rules (despite photographic evidence)•Airbnb’s dispute resolution center helped Brian get a portion of the $100/person penalty built into his house rules for exceeding 8 people•Airbnb’s ruling disproportionately favored the guestThe lessons Brian learned from hosting ‘bad eggs’•Protect yourself by establishing strict house rules•Be diligent in screening potential guests•Document as much as possible•Consider taking ‘before’ photos of expensive itemsThe Cocaine Story•Brian booked seemingly trustworthy guest with good reviews•Group broke the dishwasher and left trash, including evidence of illegal drug use•Due to thorough documentation, Brian was able to collect for all damagesThe shortcomings of the Airbnb dispute resolution process•Little recourse for illegal activity•Lack of urgency in addressing disputes•Seem to be proactive only when media gets involved in a conflictConnect with BrianNew York Times Webpage Resources MentionedBrian’s NYT Superhost Article Connect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests! Hosted on Acast. See acast.com/privacy for more information.

It was a quiet news week for Airbnb, though the themes of acquisitions, group travel and regulations remain top of mind.This week, Jasper chats with Margot Schmorak, CEO and Co-Founder of Hostfully. They deliberate Airbnb’s recent acquisition of micropayments platform Tilt as well as an interesting perspective on regulations that appeared on BaconsRebellion.com this week.Margot also covers her recent Airbnb experiences in Hawaii, offering feedback to hosts regarding consistency and responsiveness, and Jasper shares a recent investment that will make his international travels easier – and more exclusive!Topics CoveredArticle #1: Airbnb Buys Tilt, Signaling Its Growing Interest in Group Travel•Micropayment platform that had early success on college campuses•Tilt talent now part of Airbnb•Indicates a plan to enter the group travel spaceArticle #2: Just a Thought: Instead of Extending Regs to Airbnb Rentals, Let’s Roll Back Regs on Hotels•The hotel lobby argues that Airbnb should be subject to the same regulations•Due to sites like Yelp, some of these consumer protections may be obsolete•Author suggests a review and reduction of the current regulationsMargot’s Feedback for Airbnb Hosts•Consider interviewing your guests to find out what stood out•Highlight what differentiates you in the listing title•Be sure the information you provide guests is accurate•It is better to under-promise and overdeliver than to create unrealistic expectationsJasper’s New Membership in JetSmarter•Airbnb for private jets•Unlimited flights for $15,000 annual membership•Less hassle at the airport•Worthwhile for travelers who take several international flights per yearResources MentionedArticle #1: fastcompany.com/3068446/new-money/airbnb-buys-tilt-signaling-its-growing-interest-in-group-travelArticle #2: baconsrebellion.com/heres-an-idea-instead-of-extending-regs-to-airbnb-rentals-lets-roll-back-regs-on-hotels-and-bbs/jetsmarter.com Connect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Aviva IQ. Aviva IQ automates messages to your Airbnb guests. It's also free! Hosted on Acast. See acast.com/privacy for more information.

This week, Jasper is chatting with Marc Figueras, the CEO and Co-founder of KeyNest, a smart key exchange service with a network of locations across London where Airbnb hosts and property managers can securely store their keys.Marc explains the specifics of the regulations particular to London as well as the options available to Airbnb hosts in the face of these newly enforced restrictions. Find out more about how Airbnb’s image has affected the rules and what you can do to stay on the right side of the law!Topics CoveredHow Parliament changed the rules in January 2015•Allowed for short-term lets without planning permission•Limited to 90 nights per calendar yearAirbnb’s self-enforcement•The rules haven’t been enforced because it was up to local councils•Hotel lobbies have pressed the new mayor•Airbnb agreed to self-enforce, but only for those hosts who are renting out an entire home•When the restrictions go live this spring, the Airbnb site will no longer allow bookings after the counter on a listing hits the 90-day limitThe legal options for Airbnb hosts•Sell and move to a different market•Initiate the long and costly process of changing your permission from residential to commercial•Host for fewer than 90 days•Pursue long-term lets of 91-plus daysThe danger of circumventing the rules•Though listing on different platforms is an option, it is still illegal•Listing an entire house as a private room or creating new Airbnb accounts may result in having your account banned•Hosts are dependent on the platform for customers, so damaging that relationship is unwiseHow Airbnb’s image can be restored•Return to the original model of private residents using the platform to make extra income and meet new people•The community itself must be vocal about the positive aspects of the serviceThe KeyNest service•Network of cafes and convenience stores for secure key drop-off•35 London locations•£5.95/key collection or £14.95/monthConnect with Marckeynest.co.ukConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests! Hosted on Acast. See acast.com/privacy for more information.

Airbnb’s growth is in the news this week, and acquisitions are in the air. Having only spent $300 million of the $3 billion raised, Airbnb has capital available. And they will have to invest in order to facilitate the growth necessary to reach the publicized goal of $3 billion in profit by 2020.Jasper is joined by Hostfully Growth Guru, Silvia Li Sam, to discuss acquisitions that are already being negotiated as well as their suggestions for possible purchases. Jasper and Silvia cover the latest lawsuit against Airbnb as well, filed by apartment management company Aimco.Topics CoveredArticle #1: Airbnb’s Profits to Top $3 Billion by 2020•Ambitious but possible•Vertical acquisitions may facilitate growthArticle #2: Airbnb is Buying Luxury Retreats for Around $200M•Focus on high-end homes•$1,000/night or more•Airbnb will attain team and technology•Likely to occupy a separate section of the Airbnb siteArticle #3: Airbnb is in Talks to Acquire Social Payments Startup Tilt•Technology for group purchases is a good fit•Paying significantly less than last valuation of $400MJasper and Silvia’s Suggestions for Potential Airbnb Investments•Expand further into the travel space with airline aggregator•Airbnb’s quality user experience could compete with sites like Expedia and Kayak•Flightfox and Airwander assist in booking multi-city trips•Eventually, Airbnb could recommend flights, accommodations and experiencesArticle #4: A Big Apartment Management Company is Suing Airbnb•Suit accuses Airbnb of deliberately incentivizing people to breach their leases•Aimco will have to prove monetary loss•In similar past lawsuits, platforms were not held responsible for user behavior Resources MentionedArticle #1: http://fortune.com/2017/02/15/airbnb-profits/Article #2: https://techcrunch.com/2017/02/09/airbnb-is-buying-luxury-retreats-for-around-200m/Article #3: https://techcrunch.com/2017/01/24/airbnb-is-in-talks-to-acquire-social-payments-startup-tilt/Article #4: https://techcrunch.com/2017/02/18/a-big-apartment-management-company-is-suing-airbnb/flightfox.comairwander.comConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Aviva IQ. Aviva IQ automates messages to your Airbnb guests. It's also free! Hosted on Acast. See acast.com/privacy for more information.

Jasper talks with Peter, the host of Clyde River Cottage in southern Australia. With a background in the hospitality business, Peter is well-versed in providing guests with a quality experience and marketing to travelers both directly and through third-party platforms.Peter shares the advantages of diversifying your Airbnb business and discusses how he uses the Triple Wow Factor to procure five-star reviews. Listen and learn when it’s beneficial to post your listing on multiple platforms – or perhaps even create your own website!Topics CoveredHow Airbnb clients differ from other travelers•Airbnb guests are buying an experience•Most are looking to be a part of a communityThe benefits of sticking with a single platform•Allows you to build a strong reputation•Keeps things simple (no chance of double-booking)The disadvantages of using just one platform•Miss out on demand provided by other marketplaces•Can be risky to put all your eggs in one basketWhy Peter utilizes multiple platforms•Airbnb alone doesn’t provide enough demand to reach full occupancy in smaller markets•Clients who don’t trust Airbnb still have access to his listing•A Google search for accommodations in his area will pop three different results that lead to his listingThe advantages of having your own website•Opportunities for promotion (i.e.: YouTube video links, blog, newsletter for past guests)•Clients who prefer to deal directly with a host have access to your listingHow to prevent/manage double-bookings•Immediately remove your listing from other platforms when you receive a booking•Make connections with other Airbnb hosts in your area and offer referrals to guests who were double-booked, waiving the price difference•Avoid cancellations on Airbnb; you will lose your Superhost statusPeter’s secret to five-star reviews, the Triple Wow Factor1.Clean, comfortable accommodations2.Recommendations for local experiences (coffee shops, restaurants, etc.)3.Welcoming, available hostsConnect with Peterclyderivercottage.com.au Resources Mentionedstayz.com.auPeter’s Prawning Video Connect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests! Hosted on Acast. See acast.com/privacy for more information.

Regulations and enforcement dominate the conversation today, as two big news stories out of NYC and London are making headlines.Jasper is joined by Nicole Williams, VP of Strategy and Marketing for Hostfully, to chat about the property managers fined in NYC this week as well as the feasibility of enforcing the rules established in London.Jasper and Nicole also cover the exponential growth of Airsorted, a management startup in the news and Jasper’s investment in Cali, Colombia.Some of the topics coveredArticle #1: Airsorted, a Fast-Growing Airbnb Management Startup, Raises £1.5M•Manages 1,000 properties in the UK, a four-fold increase in the past six months•Expanding to Sydney•CEO with banking background is focused on hosts’ profitabilityArticle #2: New York City Issues First Illegal Airbnb Fines•Two property managers fined for 17 violations•Each violation carries a $1,000 fine•Law against short-term apartment rentals went into effect in October•Listings were pulled from Airbnb to avoid even larger finesArticle #3: Airbnb Introduces 90-Day Annual Limit for London Hosts•Airbnb will ban hosts in London from renting homes for more than 90 days/year without official consent•Local councils in charge of enforcement•Hosts may list on other platforms to get around the rulesArticle #4: Airbnb: $30 Billion Startup: This is What Wikipedia Can’t Tell You•Explains the genesis of Airbnb•Includes a breakdown of investment funding and an overview of acquisitions•Surprising statistics•10% of Airbnb hosts are seniors•54% of Airbnb guests are female•Airbnb has served 80,000,000+ guests in 34,000+ cities in 191+ countries•List of key competitors may be useful for hosts looking to diversifyJasper’s Personal News•Investment in penthouse in Cali, Colombia•Latest blogpost outlines his decision-making processResources MentionedArticle #1: techcrunch.com/2017/02/07/airsortedArticle #2: theverge.com/2017/2/7/14532388/nyc-airbnb-first-illegal-renting-fines-issuedArticle #3: theguardian.com/technology/2016/dec/01/airbnb-introduces-90-day-a-year-limit-for-london-hostsArticle #4: valuewalk.com/2017/02/airbnb-30-billion-startup-wikipedia-cant-tell-infographicJasper’s Blogpost:getpaidforyourpad.com/blog/bought-penthouse-cali-colombia-rent-airbnb Connect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Aviva IQ. Aviva IQ automates messages to your Airbnb guests. It's also free! Hosted on Acast. See acast.com/privacy for more information.

Jasper talks with Kevin the Financial Panther, an Airbnb superhost and expert side hustler. Kevin is a lawyer who has capitalized on the sharing economy to pay off $87,000 worth of student loans in just two and a half years!Kevin shares his journey to becoming an Airbnb superhost and explains how he uses other platforms including DogVacay, Postmates and OfferUp to make extra money. Listen and learn how to incorporate side gigs into your life.Some of the topics coveredThe unexpected advantages of Airbnb hosting•Kevin has received freebies from companies looking to get their products in front of consumers•“Your house will never be cleaner”How targeting a specific audience makes hosting easier•Consider who is likely to book with you based on location•Recognize what your target audience is looking for (i.e.: affordability, proximity to events)Kevin’s advice for potential hosts who fear theft or damage•More people are normal than you think•His guests have been very polite and unobtrusiveKevin’s tips for hosts who are just getting started•Just do it•Communicate with your guests•Keep your house cleanKevin’s approach to communicating with guests•Do a walk-through to explain where to find and how to use appliances, etc.•Utilize the Airbnb messaging system to keep a record of your correspondence•Email a Hostfully guidebook upon booking and again a few days before the guest’s arrivalWhy Airbnb is better than a roommate•Your house is still fully yours (rather than having to share ownership)•Kevin’s guests have been very respectful of the space and his privacyConnect with Kevinfinancialpanther.coResources MentionedNest Bedding PartnershipConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests! Hosted on Acast. See acast.com/privacy for more information.

In November of 2015, Airbnb Global Policy Chief Chris Lehane announced the bold goal of forming 100 home sharing clubs in 2016. Today, a global network of 112 of these advocacy organizations fight regulatory battles and engage in partnerships with small businesses to enrich the local economy and culture.On this episode of the podcast, Jasper is joined by Emery Lieberman, Airbnb’s Global Home Sharing Clubs Mobilization Program Manager, and David Jacoby, CEO and Co-founder of Hostfully, to discuss how the company was able to reach the ambitious aim of establishing 100 organizations in a year, the role they play in their communities and the clubs that have celebrated particular success in fighting regulations – by telling their stories.They also cover Airbnb’s statement-making Super Bowl commercial highlighting the company’s commitment to inclusiveness. Find how Airbnb took a big stand on a big stage!Some of the topics coveredAirbnb Community vs. Airbnb Citizen Clubs•The community is an online platform where hosts connect and ask general questions•Clubs are specific to a given city and focus on location-specific public policy issues and philanthropic projectsThe Role of Home Sharing Clubs Around the World•Gives hosts a voice in the political sphere•Airbnb provides resources, but clubs are led by hosts•Allows hosts the opportunity to educate communities and partner with other small businessesThe Journey to Establishing 100 Clubs•Many were organizing already•In cities with multiple hosts, leaders were identified and offered resources to create their own vision•Hosts want to feel connected to a support systemHome Sharing Club Success Stories•Defeat of Prop F in San Francisco•Advocacy in Barcelona•The power of storytelling in New OrleansAirbnb’s Political Super Bowl Ad•CEO Brian Chesky has criticized Trump’s travel ban•The ad’s #weaccept aligns with Airbnb’s mission of creating a world where anyone can belongResources MentionedAirbnb Community ForumAirbnb Community Clubs PageAirbnb Citizen ForumAirbnb Citizen Clubs PageAirbnb’s Super Bowl AdConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Aviva IQ. Aviva IQ automates messages to your Airbnb guests. It's also free! Hosted on Acast. See acast.com/privacy for more information.

On this episode of the podcast, Jasper chats with Pierre-Camille Hamana, founder of smartbnb, an application that provides value to Airbnb hosts via automated messaging. Smartbnb gives superpowers to superhosts, improving response times and listings placement!Jasper explains how his own experience as an Airbnb host informed the development of smartbnb, the flexible functionality of the application, and the freedom smartbnb allows its users. Listen in to learn how smartbnb can make your Airbnb venture easier and more profitable!Some of the topics coveredHow Pierre’s experience as an Airbnb host inspired smartbnb •Airbnb is a quality marketing and design product, but lacks features •He found the messaging aspect to be drainingHow smartbnb creates personalized messages at scale •Hosts schedule automated messages •Shortcuts create custom messages including the guest’s first name, the city they are traveling from, etc. •Availability and price inquiries are answered immediately with the total price in the guest’s currency •The multilingual platform supports 29 languages and initiates communication in the language the guest viewed the listing •Messages are sent to guests based on their time zoneThe market monitoring feature of smartbnb •Airbnb promotes hosts who convert inquiries into reservations •Improved response times provided by smartbnb help hosts climb to the top of the results page •Smartbnb users receive daily reports re: their placement in search resultsThe value of the app’s option to add team members to notification system •Cleaning staff, concierge receive notice of bookings •Concierge, drivers alerted when flights are delayedPricing and the configuration process •Smartbnb offers a 14-day free trial •Cost contingent on number of listings •Base plan includes two listings for €15/$18 •Sign up with your Airbnb account at smartbnb.io •Most configure within an hourWhat’s next for smartbnb •Pierre is working to add support for WhatsAppConnect with Pierresmartbnb.io/messagingtwitter.com/smartbnbhqfacebook.com/smartbnb/Resources MentionedFree Listing ReportConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests! Hosted on Acast. See acast.com/privacy for more information.

Trump is on our radar again this week as his travel ban on refugees from seven Muslim-majority countries has left travelers stranded at airports all over the world.Jasper is joined by Margot Schmorak, CEO and Co-founder of Hostfully, to discuss the details of Airbnb’s response to the executive order and tech executives speaking out against the policy.In other news, Jasper and Margot cover Airbnb’s milestone in becoming profitable in the second half of 2016, a complementary service (Traveling Spoon) that offers travelers a meaningful cultural experience, and Jasper’s personal update regarding an exciting new investment.Some of the topics coveredArticle #1: Airbnb Offers Free Housing to People Stranded by Immigration Order •CEO Brian Chesky is soliciting volunteers to host people in need •Airbnb will subsidize the cost in locations where free housing is unavailableArticle #2: Airbnb Reaches Profitability •Significant because other sharing economy firms are still losing money •Uber lost 3 billion last year •Airbnb still has nearly all the $3 billion in funding raised •Success attributed to growth and lack of competition •Airbnb steals some market share from the hotel industry, but it is also expanding the market •31% of users in the last 12 months switched from staying with friends and family •HomeAway’s pricing model and site design prevent it from becoming a true competitorArticle #3: Traveling Spoon, An Airbnb For Home-Cooked Dinners Globally, Launches With $870K in Funding •Offers home-cooked meals and cooking classes with the best home cooks around the world •Potential complementary service to market to Airbnb guestsJasper’s Personal News •Investment in penthouse in Cali, Colombia •Building allows short stay rentals •Will provide high-end accommodations in an area where few are availableResources MentionedAirbnb Volunteer Link to Host RefugeesArticle #1: techcrunch.com/2017/01/29/airbnb-free-housing-immigration-banArticle #2: businessinsider.com/airbnb-reaches-profitability-2017-1Article #3: techcrunch.com/2015/09/16/traveling-spoon/travelingspoon.comeatwith.comeatfeastly.com Connect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Aviva IQ. Aviva IQ automates messages to your Airbnb guests. It's also free! Hosted on Acast. See acast.com/privacy for more information.

Jasper is joined by Henry Bennett, Co-founder and CEO of Your Welcome. Your Welcome’s product is a tablet system that hosts can use to provide important information to their guests as well as sell additional services!In today’s episode, Henry explains why he started the company, and how Your Welcome can save you time, increase the likelihood of a 5-star review, and even generate additional income!Some of the topics coveredHow Henry came up with the idea to start Your Welcome •Rented out his house on Airbnb •Left out a tablet for guests to use and realized they were using it to research local activities/hotspotsHow hosts can customize the tablet for their Airbnb •Ability to create custom recommendations •Ability to display instructional videosHow hosts can use the tablet to sell additional services to guests •Late checkout •Mid-stay clean •Parking permits •Food delivery (most popular)The cost of Your Welcome •UK: £49.99 for 6 months, £99 for 12 months •US: $59.99 for 6 months, $119.99 for 12 months •20% of revenue from servicesTypical ROI when using Your WelcomeHow to sign up •Visit yourwelcome.com: Use code "GPFYP" for a 30% lifetime discountWhat’s next for Your WelcomeHenry’s tip on using Your Welcome’s Analytics Portal •The host will get to know the needs of their guests •Can find out what recommendations are actually being used •They can customize the tablet according to what the guests mostly useWhy using the Your Welcome tablet can help you get 5-star reviewsConnect with Henry Bennettyourwelcome.comtwitter.com/yourwelcometvfacebook.com/yourwelcomeTVinstagram.com/yourwelcometvResources mentionedyourwelcome.com: Use promo code "GPFYP" to get a 30% lifetime discount Connect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests! Hosted on Acast. See acast.com/privacy for more information.

What does Donald Trump’s inauguration mean for the future of Airbnb?This week Jasper is joined by Silvia Li, Head of Marketing at Hostfully, to discuss what impact the Trump administration will have on Airbnb corporate as well as Airbnb hosts around the world. Some of what Trump has said and done might hurt Airbnb while some might help.Also discussed is Professional Airbnb Investors and their impact on the market, Airbnb’s impact on the hotel industry and the one gadget that solves Airbnb hosts’ “biggest problem”.Some of the topics coveredArticle #1: How will Uber, Lyft and Airbnb fare under Trump? •What might hurt: oDeteriorating relationship with China oTrump’s conflict of interest as a hotel owner •What might help: oTrump’s focus on reducing regulationsArticle #2: The Rise of the Professional Airbnb Investor •Large real estate companies are looking at Airbnb closely •ROI is generally greater for short term vs. long term rentals •6% of Airbnb hosts in New York City have 3 units or more oAccount for 1/3 of revenue •Regulatory uncertainty is holding real estate companies backArticle #3: How hard has Airbnb hit hotels? It’s not as bad as they thought •Occupancy rate much lower for Airbnb's than it is for hotels •Average daily rates only $20 lower for Airbnb’s than hotels ($149 vs. $169) •Jasper has seen an increase in average rates over the yearsArticle #4: The One Gadget That Solves Airbnb Hosts' Biggest Problem - Seth Porges •Ring Video Doorbell •Keeps guests from bringing more people than allowed/agreed to •Prevents many other issuesResources mentionedring.comArticle #1: https://www.cnet.com/news/how-will-uber-lyft-and-airbnb-fare-under-trump/Article #2: https://priceonomics.com/will-real-estate-investors-take-over-airbnb/Article #3: http://www.miamiherald.com/news/business/article127358484.htmlArticle #4: http://www.forbes.com/sites/sethporges/2017/01/20/the-one-gadget-that-solves-air-bnb-hosts-biggest-problem/#1a051ee740dcConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests! Hosted on Acast. See acast.com/privacy for more information.

Jasper is joined by Dirk Minnebo, Founder of Iamb&b which is the largest short term rental management company in Amsterdam! Dirk’s company manages listings in both Amsterdam and Paris and he brings some valuable knowledge to this interview on the topic of optimizing your listing and creating a great experience for your guests.As many of you know, Airbnb is now limiting the number of nights a year hosts can rent out their place in Amsterdam, but surprisingly Dirk says this will help instead of hurt his business. Tune in for a great interview!Some of the topics coveredBackground of Iamb&b •Largest short term rental management company in Amsterdam •Founded by Dirk In 2014 •Manages 800 listings in Amsterdam and 100 in ParisRecent Airbnb enforcement of rental restrictionsWhy the restrictions will actually help Iamb&bWhy Airbnb is stepping up regulation enforcementDirk’s advice to Airbnb hosts •Be honest about your listing (mention the faults) •Remember that what is “normal” in your country might not be normal elsewhere •Make your listing personal •Focus on cleanliness •Use white linens and white towels •Remember that the details matter oSticker on the toilet roll oOne hair in the bed/shower will ruin the guest’s experience and your 5-star ratingThe flaw in Airbnb’s pricing algorithms •Conflict of interest between what’s best for the host and what’s best for the guest.How Iamb&b helps hosts maximize their pad's potential •Iamb&b can take care of the whole process from listing and renting to cleaningRecommended tools •Beyond PricingWhat’s next for Iamb&bLearn more about Iamb&bParis: http://iambnb.frAmsterdam: http://iambnb.nlResources mentionedbeyondpricing.com Use promo code: GP4YP for one FREE month and $60 in creditConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests! Hosted on Acast. See acast.com/privacy for more information.

There is plenty of news to discuss this week in the world of Airbnb and Jasper is joined by Nicole Williams who is the Vince President of Strategic Partnerships at Hostfully!The biggest piece of news is that Chip Conley, Head of Global Hospitality and Strategy for Airbnb, has decided to step down. Jasper and Nicole discuss some reasons behind his decision and what it means to Airbnb.Next is an article in the New York Times that mentions Jasper followed by an article regarding the tough regulations in Santa Monica CA. Enjoy the episode!Some of the topics covered:Chip Conley's decision to step down •Head of Global Hospitality and Strategy for Airbnb •Will remain an advisor to the company •His 'baby' was Airbnb Trips which recently launchedArticle: The Guide to Being an Airbnb Superhost (New York Times) •Tips and Strategies •Jasper is mentioned! •Only 7% of hosts are ‘Superhosts’ •The importance of honesty - Even about the bad stuff •Important to solve problems quickly •Check in after first night •Much more!Article: Public registration required for homeowners providing short term rentals (Santa Monica) •Santa Monica brought in 51 million USB from hotel taxes ( 1.8 million from Airbnb) •Tough regulations •How Airbnb is being blamed for the rising real estate pricesResources mentionedArticle #1: The Guide to Being an Airbnb Superhost (New York Times): www.nytimes.com/2017/01/11/technology/personaltech/the-guide-to-being-an-airbnb-superhost.htmlArticle #2: Public registration required for homeowners providing short term rentals: smdp.com/home-share-rules/159275Connect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests! Hosted on Acast. See acast.com/privacy for more information.

As your calendar fills up with bookings the constant emails to past and future guests can become overwhelming.Deborah and Josh Yuster join Jasper on this week’s episode to talk about their startup that solves this problem. AvivaIQ allows hosts to automate personalized messages, eliminating over 80% of manual messaging from host to guest!Jasper has been using this service for a few weeks now and he was so impressed by the service he brought the co-founders on to talk about it.Some of the topics coveredBackgrounds of Co-FoundersThe genesis of AvivaIQDeborah was feeling overwhelmed with the constant messaging that came with being a successful Airbnb HostThey build a simple tool for Deborah before releasing that others could benefit from it as well.Launch of AvivaIQ at 2016 Airbnb OpenHow AvivaIQ worksAllows host to create personalized, automated messagesVery simple, intuitive designConnects to your Airbnb listingComes with templates on app for: Confirmation, Check in, Booking extension, Checkout, Review requestComing functionality of AvivaIQMore flexibility for customizing messages and email send timesSupport for 26 different languagesHow you can sign up to use AvivaIQ (Beta)avivaiq.com406-662- AVIVA (8482)Must use a Gmail account to sign up (for now)FREE serviceResources Mentionedavivaiq.comConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests! Hosted on Acast. See acast.com/privacy for more information.

With the astonishing growth of Airbnb there is almost a constant supply of news and updates to discuss. That’s why every Thursday, Jasper and a guest host will discuss the recent Airbnb news and the ways this will impact you as a host.This week jasper talks with Hostfully Co-Founder David Jacoby! David and Jasper talk about Airbnb CEO Brian Chesky’s latest tweets and some of the most requested Airbnb improvements for 2017.Jasper and David then discuss 3 news articles that are linked in the resources section of these show notes!Some of the topics coveredBrian Chesky twitter question: If @Airbnb could launch anything in 2017, what would it be?1000’s of repliesPopular answers included: Bitcoin payment, Guest loyalty program, Group payment optionsAirbnb’s recent investment in ResyAirbnb experiences expansionAirbnb host tools additions and improvementsArticle #1:The big reason why Airbnb terrifies the hotel industryArticle #2:Hotel and Airbnb Prices for Trump Inauguration See Big Jumps and Some DealsArticle #3:Airbnb Dives Into Live 360 Video on Twitter, PeriscopeConnect with David JacobyTwitter: https://twitter.com/davidjacobyResources mentionedBrian Chesky twitter: https://twitter.com/bcheskyConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests! Hosted on Acast. See acast.com/privacy for more information.

Have you ever wondered what it would be like to sell most of what you own and live the life of a digital nomad? Jasper’s guest this week is Eli David who has been a digital nomad since 2010. Eli says he lived a pretty “normal” lifestyle until life threw him a couple of curve balls. Eli was fired from a job and lost a serious relationship around the same time and it was then he decided to change his life in dramatic fashion.In the past 6 years, Eli has lived in over 30 countries while visiting more than 60! Because of this Eli has a unique perspective on what a makes a good Airbnb Pad and host. Listen in as Eli explains what he looks for when booking a place on Airbnb or other similar platforms!Some of the topics coveredEli’s Life before 2010Accountant“normal” life in one locationEli’s Transition to being a digital nomadFired from jobRelationship endedHis travel pattern todayStays in the same place for two monthsVisited more than 60 countries so far (lived in 30)The challenges of being a digital NomadWhat Eli looks for in a short-term rentalCo-working space nearbyFast InternetAt least one review (usually more)Eli’s experience with Airbnb, Booking.com & couchsurfing.comAirbnb tends to be the most expensiveWhy Eli doesn’t like to use couchsurfing.comWhat Eli looks for in a host and why the right fit is so importantConnect with Elibecomenomad.comResources MentionedBecome Nomad PodcastConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully.com Hosted on Acast. See acast.com/privacy for more information.

Many people have achieved a greater level of financial freedom by renting out their Pads on Airbnb. However, most haven’t made the bold life decisions of this guest!Chris Black joins Jasper to talk about his journey from a programmer in San Francisco to owning a Bed & Breakfast in Bangkok Thailand! Chris’ Airbnb story starts when he quit his job, bought a boat and sailed the Caribbean for a few months while renting out his San Francisco pad on Airbnb. Chris’ journey is fascinating and he has some great advice on the importance to listening to your gut and achieving personal freedom using Airbnb.Some of the topics covered:Chris’ life in San Francisco•Programmer for an ad agency•Felt like he was missing out on a lot of experiences due to workChris leaving his job and buying a boat in the CaribbeanHow Chris got started rented out his place on Airbnb•Goal was to offset expensive rent•Found out he really liked hospitalityExperiences in the Caribbean•Took 6 months to adjust•Coding offered an “anchor” pointThe genesis of Kama bed and Breakfast•Wanted to replace programming income with passive income•Wanted to learn a new culture and languageAdvice for thriving on Airbnb•Communicate clearly•Set expectations•Focus on the guest’s experience•Find and use tools (technology)Learn more about Kamakamabangkok.comResources Mentionedsabeeapp.combitly.comConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully.com and Everbooked.com! Hosted on Acast. See acast.com/privacy for more information.

Have you ever wondered what a Superhost is doing that you’re not? This week Jasper in joined by world famous Superhost Mina from Shanghai. Mina is famous because she is currently featured on Airbnb’s Website. You can find her here, (2nd picture down).Mina has been a Superhost for nine straight quarters, so it’s clear that she’s doing something right and she is more than willing to share her tips for becoming and staying a Superhost on Airbnb.Some of the topics covered:Mina’s start with Airbnb•Allowed her to live where she wanted toMina’s current Airbnb situation•3 locationsTips for becoming, and remaining, an Airbnb Superhost•Check-in strategies•How Mina helps her guests once they are stayingAirbnb Open•Mina has been to all three so far!•Where Mina thinks the next Open will be heldMina' Airbnb plans going forwardLearn more about Mina:es.airbnb.comConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully.com and Everbooked.com! Hosted on Acast. See acast.com/privacy for more information.

It’s no secret that cities around the world have been enforcing laws that have restricted Airbnb rentals. It was just recently that Airbnb announced that for the first time that they will restrict the number of days hosts can rent out their pads in two cities. One of those cities is Amsterdam where Jasper has his apartment. Because of this Jasper has made the decision to sell his place and buy multiple Airbnb’s around the world!In this episode, Jasper talks about what he will be looking for when purchasing property in 2017!Some of the topics covered:New Airbnb regulations impacting hosts in AmsterdamJasper’s decision to sell his apartmentConditions for a suitable padCondition 1: Price must be no more than 150 thousand Euros•This price range excludes many Airbnb hot spotsCondition 2: Friendly legal conditions toward Airbnb.•Are anti-Airbnb regulation likely to be enforced now or in the future?Condition 3: Jasper’s personal like or dislike for the location•Why a property in the Southern Hemisphere might be a good fitCondition 4: ROI (return on investment)•10% is optimal•7-8% is acceptableCondition 5: Real estate pricing outlook•Little upside in Europe or the United states (in Jaspers opinion)Condition 6: Jasper's existing contacts in the area•Help with buying and maintaining the placeCity in consideration: Santiago, Chile•Why Santiago checks all of the boxesJasper’s weekly video about his journey:•Follow on Facebook and YouTube•Book coming in 2017Connect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully.com and Everbooked.com! Hosted on Acast. See acast.com/privacy for more information.

Is your Airbnb listing as good as it could be? Even if you are a Superhost, chances are there are at least a few changes you could make to your listing to get more bookings.On this episode, Jasper talks with Daniel Rusteen, an Ex-Airbnb Employee and the man behind optimizemyairbnb.com. Daniel talks about a few things that almost everyone can do to improve their listing and even a couple of hosting tips that you won’t want to miss. Jasper recently took advantage of Daniel’s service and the changes he made produced ROI almost immediately. This episode is packed with actionable tips so listen in!Some of the topics covered:Personal update: Why Jasper is selling his apartment in Amsterdam•Watch for a new book!How and why Daniel started optimizemyairbnb.com•Worked at Airbnb before moving on to short-term rental management•Optimize lagging listings with great successTop 3, (or 4) improvements you should make to your listingTitle•Why you shouldn’t write “2 bed, 1 bath”•Don’t use descriptive words that everyone else is using•Put an amenity in your title e.g. Hot tub, rooftop balcony etc..Photos•The mistakes most people make with photos•What photo should come first and why•Other tips for optimizing your photosDescription•It’s all about standing out•Use short bullet points for quick/easy readingOther tips•Why you should consider accepting one-nightbookingsoJasper’s experiment•Why you should consider being pet-friendlyDaniel's service•Website produces 8-10 page report on how you can optimize your listing•Cost- $99•Additional $50 for Daniel to make the changes for you•Average ROI from Daniels service•FULL refund if you are not satisfied•Mention Jasper to get $10 off (refund after purchase)Resources mentioned:The Ultimate Guide to Your Airbnb Photo Sectionoptimizemyairbnb.com - Mention “jasper” to get a $10 off! (refund after purchase)Connect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpad This episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests! Hosted on Acast. See acast.com/privacy for more information.

When it comes to planning for last minute travel, most people think of booking a hotel before booking a short-term rental via Airbnb or another platform. The founders at Overnight are looking to change that!This week Jasper talks with Overnight Co-Founders Asher Hunt and Diego Prats about their startup, which helps guests book last minute lodging and helps hosts fill gaps in their calendars. Although the company is currently promoting just four cities in the United States, they currently have hosts in over 110 countries! If you have an IOS device, download the app and check it out!Some of the topics covered:•What Overnight is trying to accomplish oLast minute bookings for short-term rentals•How Airbnb hosts can use Overnight to fill gaps in their calendar oCan sync Overnight calendar with Airbnb calendar oBetter listing positions for host that sync with Airbnb calendar•You don’t have to be a host on Airbnb to join•How Overnight works for travelers•IOS ONLY app (for now)•Where the service is currently offered•Some special features offered by overnight oHost can “boost” their listing, sending it to the top of the list oHost can list in private mode. oHow hosts get paid for bookings though Overnight•Special offer: oBOTH host and guest can use the code ‘GPFYP’ for a extra referral bonus oListen for details•Why you should list your pad even if you don’t live in a promoted areaResources mentioned:www.joinovernight.comOvernight IOS appConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpad This episode is sponsored by Hostfully.com where you can create a custom digital guidebook for you Hosted on Acast. See acast.com/privacy for more information.

If you haven’t had time to learn about all of the recent Airbnb news and updates that is understandable! The folks at Airbnb have been very busy recently so in this episode Jasper covers some of the biggest news regarding Airbnb.For the first time ever, Airbnb is working with cities to restrict the number of days hosts can rent out their pad and although this will impact just two markets, Jasper believes this model could be coming soon to many of the biggest Airbnb markets around the world.Jasper also discusses the new 'Airbnb Experiences' service which allows people to design and offer experiences to people visiting their city. You don’t have to be a housing host to offer an experience! Experiences are currently available in only 12 markets but if you live in a major city you may be able to create an experience right now. Listen for details!Some of the topics covered:•Airbnb’s announcement that it is going to restrict rental days in two markets oThis applies only to people renting out their entire home oAmsterdam: Host will be restricted to 60 days per year oLondon: Host will be restricted to 90 days per year•Your options if you live in one of these two cities oJasper’s plan•Why long term rental might not be a great solution for you. oLong term rental laws are VERY favorable to the renters in most cities.•Airbnb Experiences oWhy Jasper feels Airbnb Experiences is going to be a game-changer oAvailable in only 12 markets? You can create Airbnb Experiences in over 50 cities right now Check the Airbnb Experiences tab to see if your city is listed oWhat makes a great experience for visitors You must be passionate about what you offer! What do you enjoy doing? oWhy “Airbnb Experiences” will be a win for everyone Hosts can do what they love, meet new people, and make money Visitors can experience a side of the city they never could have alone oJasper’s advice for designing your own experience on AirbnbConnect with JasperEmail: [email protected]: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpad This episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests! Hosted on Acast. See acast.com/privacy for more information.

Jasper is joined by Zeona McIntyre who is an Airbnb Consultant and Rental Manager. In addition to her management company she also personally owns and rents […] Hosted on Acast. See acast.com/privacy for more information.

If you missed the 2016 Airbnb Open then you won't want to miss this episode! There were a bunch of exciting announcements this year and Jasper gives us his take on the Airbnb Open, both the good and the bad, as well as the key takeaways from his co-hosted talk with Susan Douglas!Some of the topics covered:•2016 Airbnb Open overview/wrap up o15,000 tickets sold o3-day event oOver 100 speakersAirbnb's Big Announcements:•Places oKind of like Foursquare or Yelp integrated into the Airbnb app•Experiences oAvailable in 12 cities to start with oListen for details!•The incident during Ashton Kutcher's speech oWatch Here: https://www.youtube.com/watch?v=iWj9-nHt72s•Susan and Jasper’s speech on Building a Brand on Airbnb•What Jasper didn’t like at the Airbnb OpenThis episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests! Hosted on Acast. See acast.com/privacy for more information.

Susan Douglas is an Airbnb Branding Expert and Super Host that will be co-hosting a session with Jasper this year at the Airbnb Open! The session […] Hosted on Acast. See acast.com/privacy for more information.

Hao Tran is a writer for Vietcetera.com, and an Airbnb Superhost living in Ho Chi Minh City, Vietnam. Hao’s first experience with Airbnb was as a […] Hosted on Acast. See acast.com/privacy for more information.

Angela was living in Taipei, Taiwan when when she started renovating and renting out her mother’s entire house in the coastal town of Hengchun in the […] Hosted on Acast. See acast.com/privacy for more information.

Sim was living in Beijing, China, and had to leave the country every 30 days because of visa restrictions. He took advantage of his situation by […] Hosted on Acast. See acast.com/privacy for more information.

This week Jasper discusses a few recent platform updates that Airbnb has implemented as well as a number of news items in the world of Airbnb. […] Hosted on Acast. See acast.com/privacy for more information.

There are many reasons people choose to host through Airbnb and similar platforms. Some host primarily for the money, but many do it for the opportunity to meet new people and establish lifetime friendships.Chris Lee from New York is such a host. In addition to hosting through Airbnb, Chris is also an avid user of www.couchsurfing.com.Couchsurfing.com is much like Airbnb in that you can use the platform to host guests and stay with hosts in cities across the globe. However, with couch surfing, no money changes hands, and it’s all about the experience of meeting new people.Chris is a Lindy Hop Dancer, (an American dance that evolved in Harlem, NY in the 20’s and 30’s), and uses these sites to find other dancers and attend meetups.Some of the Topics covered:•How Chris uses coachsurfing.com and Airbnb to meet and connect with new people•The origins of Lindy Hop Dancing•NY regulations•Hands-on hosting (guest interaction)•How Chris uses hostfully.com Hosted on Acast. See acast.com/privacy for more information.

Have you ever booked a guest that will stay weeks or even months in the future and wished you could be paid for the booking now? […] Hosted on Acast. See acast.com/privacy for more information.

This week Jasper interviews Rohan Gilkes, Co-founder innclusive.com.Rohan started Innclusive after experiencing racial discrimination from an Airbnb host.After his experience, Rohan gave Airbnb a couple of weeks to respond to his complaint, and when nothing was done, wrote an article entitled “I’m a black man. Here’s what happened when I booked an Airbnb”. The post went viral garnering over 400K views in 48 hours!But Rohan didn’t stop there. He and his team recently launched innclusive.com which has systems and processes in place to guard against discrimination from hosts. Innclussive is currently accepting host’s and will start accepting guest's bookings in August of this year (2016)! Some of the Topics covered:Rohan’s experience with racial discrimination on Airbnb Stories from others -#airbnbwhileblackWhat Airbnb can and should do to fight discrimination.-Respond to people that file complaints-Look at data to identify potential discriminatory hostsThe idea behind innclusive.comWhat makes innclusive different-Photo and name of guest will be showed to the host post-confirmation-Data tracking to identify potential discriminatory hosts-Customer support via text chat Hosted on Acast. See acast.com/privacy for more information.

On episode 100 of Get Paid For Your Pad, Huzefa joins Jasper to celebrate the milestone and discuss a wide range of topics!Jasper is also excited to announce that Hostfully is now sponsoring the podcast! Listen to this episode ASAP to take advantage of a very limited offer from Hostfully.Some of the topics covered:Audiobook version of the book, “Get Paid for Your Pad: How to Maximize Profit from Your Airbnb Listing” is COMING SOON!Origination of the Podcast jingleWhat Huzefa has been up to-The scaler learning podcast-www.scalarlearning.com/ New sponsor of this podcast!! Hostfully.comTough regulations and sanctions in Santa Monica CASome of what’s new in the latest version of “Get Paid for Your Pad: How to Maximize Profit from Your Airbnb Listing”-Airbnb Listing for renters and condo owners-Hosting outside of major tourist destinations-Various ways to host with Airbnb-Taxes-onlinetaxman.com-Investing in real estate-The top 50 tourist destinations in the word-Airbnb Host safety-Many more anecdotes and storiesJasper’s Facebook groups:-Airbnb Academy is now open to everyone.-Airbnb news Hosted on Acast. See acast.com/privacy for more information.

In this episode, Jasper welcomes to the show Airbnb early adopter, Ivan, to talk about the genesis of Airbnb and his experience hosting since 2009 in […] Hosted on Acast. See acast.com/privacy for more information.

Most Airbnb hosts have by now realized the importance of communicating not only the basic logistics to their guests, but also recommendations for food, shopping, and […] Hosted on Acast. See acast.com/privacy for more information.

As the vacation rental market expands and matures many city, state and country governments have introduced rules and regulations. Sometimes these rules solve real problems but many […] Hosted on Acast. See acast.com/privacy for more information.

Matt Landau is the Founder of the Vacation Rental Marketing Blog, an online resource for vacation rental owners and managers. He is also the owner of […] Hosted on Acast. See acast.com/privacy for more information.

It’s no secret that governments across the world are creating and enforcing laws that are having an enormous impact on Airbnb hosts. On this week’s episode […] Hosted on Acast. See acast.com/privacy for more information.

Cristina Amoruso from Washington DC joins Jasper on this week’s episode to talk about her experience hosting on Airbnb. Cristina started hosting in January of 2016 […] Hosted on Acast. See acast.com/privacy for more information.

Phil Spyrou is back for another episode! In this episode, Phil has a few questions for Jasper that apply to pretty much every Airbnb host out […] Hosted on Acast. See acast.com/privacy for more information.

Phil Spyrou from Australia joins Jasper on this week’s episode of “Get Paid for Your Pad”. Phil first started hosting via Airbnb by renting out a […] Hosted on Acast. See acast.com/privacy for more information.

Digital Nomad Fabian Dittrich joins Jasper on this episode to explain his unusual lifestyle and how he uses Airbnb to generate extra income while traveling the […] Hosted on Acast. See acast.com/privacy for more information.

In this episode, Jasper welcomes real estate investor, best-selling author and co-founder of Freedom Academies, Kemi Egan to the podcast. Kemi starts off by sharing some […] Hosted on Acast. See acast.com/privacy for more information.

Cynthia is a chronic entrepreneur and Airbnb host motivated by creating a great lifestyle for herself and making others peoples lives a little better. With a […] Hosted on Acast. See acast.com/privacy for more information.

Sandy started renting his apartment in Madrid on Airbnb in 2015. He soon received lots of bookings and decided to use the money to travel. He’s […] Hosted on Acast. See acast.com/privacy for more information.

In this episode Jasper shares the main mistakes that he found reviewing over 65 Airbnb listings through his Airbnb Listing Check service on Fiverr. The mistakes […] Hosted on Acast. See acast.com/privacy for more information.

Andy co-founded Touch Stay in 2014. Prior to that he spent 11 years in the luxury fashion industry as CFO for brands like Alexander McQueen and […] Hosted on Acast. See acast.com/privacy for more information.

Properly is a free mobile app to help you communicate turnover instructions for your Airbnb listing to your cleaner(s). The app gives you peace of mind […] Hosted on Acast. See acast.com/privacy for more information.

Glenn Carter is a family man, investor, and full-time employee (in that order) who makes side income through various sharing economy platforms, real estate, and small […] Hosted on Acast. See acast.com/privacy for more information.

Amy Scott quit her office job to travel the world in 2004 and never looked back. She now keeps a home base in Buenos Aires which […] Hosted on Acast. See acast.com/privacy for more information.

Click play to listen to the podcast episode: Simply Hospitality is the culmination of 20 years of hosting experience, expertise and knowledge. Sally and Chris started […] Hosted on Acast. See acast.com/privacy for more information.

Everbooked has recently released a new functionality that helps Airbnb hosts see all sorts of useful data and metrics about Airbnb listings in different neighborhoods. This […] Hosted on Acast. See acast.com/privacy for more information.

Sally Miller decided to become a stay at home mom after 18 years in the corporate world. Soon enough she started to miss having her own […] Hosted on Acast. See acast.com/privacy for more information.

John is a property investor and property manager based in the UK. He started renting out his flat in London after moving in with his fiancée. […] Hosted on Acast. See acast.com/privacy for more information.

In this episode I talk to John Bower, the user experience chief at Pearlshare, a new app that helps people share their local recommendations with others. […] Hosted on Acast. See acast.com/privacy for more information.

Chris started his Airbnb hosting business by renting out his studio apartment in Montreal (Canada) in December 2014, after moving in with his girlfriend. Soon enough […] Hosted on Acast. See acast.com/privacy for more information.

Melanie is an airbnb host, digital nomad and online marketer from the south of Germany. She likes to travel and meet people from all over the […] Hosted on Acast. See acast.com/privacy for more information.

Melanie is an Airbnb host in Austin, Texas. She rents out a spare room in her apartment during South By Southwest, the popular music festival that […] Hosted on Acast. See acast.com/privacy for more information.

Sean D’Souza is the founder of PsychoTactics – why customers buy (and why they don’t). Psychotactics is a thought system that’s based on thousands of years […] Hosted on Acast. See acast.com/privacy for more information.

Nedda Toofer and Vik Thairani are the co-founders of TINE tag, a new app that allows users to stick digital post-it notes on anything and attached […] Hosted on Acast. See acast.com/privacy for more information.

Andrew Kitchell is the founder and CEO of PriceMethod, a company that helps Airbnb hosts optimize their pricing by using data science to calculate accurate prices […] Hosted on Acast. See acast.com/privacy for more information.

Nina Mufleh, Airbnb host in San Francisco, wanted to work for Airbnb. She took a very pro-active approach by analyzing the global tourism market and share […] Hosted on Acast. See acast.com/privacy for more information.

Michael and Larissa Milne sold all their belongings in August 2011 to start a one-year journey around the world. Upon returning to the US, after traveling […] Hosted on Acast. See acast.com/privacy for more information.

Seth Porges is a science and technology journalist and television commentator as well as the founder of the fashion app Cloth. He’s also one of the […] Hosted on Acast. See acast.com/privacy for more information.

Kyle Gesuelli is an Airbnb host in New Jersey who rents out his flat when he’s out of town. Ironically, he found out about Airbnb through […] Hosted on Acast. See acast.com/privacy for more information.

Ali Ben Lmadani is co-founder of EasyGuests, an Airbnb management company. Ali is an Airbnb host himself and he experienced the need for someone to manage […] Hosted on Acast. See acast.com/privacy for more information.

Evelyn Badia is one of the most experienced Airbnb hosts with five years experience on her belt. She has two listings in Brooklyn, New York City, […] Hosted on Acast. See acast.com/privacy for more information.

Ian McHenry, co-founder and president of Beyond Pricing, is back on the show to talk about recent developments and expansion of the pricing app. In addition, […] Hosted on Acast. See acast.com/privacy for more information.

Gabby Wallace has been traveling the world for years teaching English through her Go Natural English program. She recently lived in Tokyo, where she listed her […] Hosted on Acast. See acast.com/privacy for more information.

Derek Davis is a CPA who specializes in tax advice for shared economy participants. He decided to focus on this after speaking to an Uber driver […] Hosted on Acast. See acast.com/privacy for more information.

This week’s guest on the podcast is Annie Luu from Melbourne, Australia. She lists a beautiful one-bedroom in the central business district of the city. She’s […] Hosted on Acast. See acast.com/privacy for more information.

David Ordal is CEO and co-founder of Everbooked, an automated pricing app for Airbnb hosts. It automatically raises your price when demand is high, and lowers […] Hosted on Acast. See acast.com/privacy for more information.

Aly Michaels had been in real estate for years when she suddenly ran into to severe issues with some of her long term renters who refused […] Hosted on Acast. See acast.com/privacy for more information.

Living in a mansion for free while making an income with your own house on Airbnb? Sounds too good to be true right? Not for Victoria […] Hosted on Acast. See acast.com/privacy for more information.

Imagine waking up in the morning to find out that your Airbnb guest is missing…because he’s had to spend the night in the drunk tank. That’s […] Hosted on Acast. See acast.com/privacy for more information.

Megan Hunt has been hosting in Omaha, Nebraska, on Airbnb for over two and a half years and she’s hosted over 100 groups of guests. We […] Hosted on Acast. See acast.com/privacy for more information.

The number one host in Thailand, Kelly Kampen, is back on the show. Kelly’s listings are still going strong and he has over 250 reviews now, […] Hosted on Acast. See acast.com/privacy for more information.

Huzefa finally joined the Airbnb hosting club and listed his 2-bdr apartment in West Hollywood, Los Angeles, for the christmas and NY holidays. Huzefa made the […] Hosted on Acast. See acast.com/privacy for more information.

Anwar heard about Airbnb while driving his Uber. He started out renting out one room with just a mattress and used the money he made to […] Hosted on Acast. See acast.com/privacy for more information.

Paula Pant is a journalist-turned-blogger, speaker and media commentator specializing in personal finance, real estate, and lifestyle design. Her finance and lifestyle design blog, Afford Anything, […] Hosted on Acast. See acast.com/privacy for more information.

This episode features Elvina Beck. She’s the CEO of The Podshare, a “pod-hotel” aiming to promote social travel and sharing. Elvina is currently running an Indiegogo […] Hosted on Acast. See acast.com/privacy for more information.

Chris Backe is the main blogger at One Weird Globe and also the author of several books and itineraries. He has traveled all around the world […] Hosted on Acast. See acast.com/privacy for more information.

Jeanne Mendez moved to Guatemala eight years go. She settled down in the beautiful area of Lake Atitlan. She started renting out her spare bedroom on […] Hosted on Acast. See acast.com/privacy for more information.

Born and raised in Atlanta, Lauren decided San Francisco is the place to be for her so she decided to book a one way ticket. Within […] Hosted on Acast. See acast.com/privacy for more information.

Calixto’s story is one of the most remarkable that we’ve heard so far and it really shows what an impact Airbnb can make on people’s lives. […] Hosted on Acast. See acast.com/privacy for more information.

In this episode we talk with Steven Ryan from Sydney. Steven has a 1-bdr apartment and he rents it out in a very creative way. He […] Hosted on Acast. See acast.com/privacy for more information.

We talk with Cliff Tang, owner of Starlight Villas in Joshua Tree National Park, one of the most popular national parks in California and the US. […] Hosted on Acast. See acast.com/privacy for more information.

Super host Poll McCann from Sydney shares his Airbnb hosting experience. Poll was on the super host panel at the Airbnb Open in San Francisco and […] Hosted on Acast. See acast.com/privacy for more information.

In this episode we talk with David Dolce, an entrepreneur from Los Angeles. David was renting a flat to host his business guests and started using […] Hosted on Acast. See acast.com/privacy for more information.

In this episode we talk with Nada Di Guida, super host from Italy. Nada was on the super host panel at the Airbnb open in San […] Hosted on Acast. See acast.com/privacy for more information.