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Get Paid For Your Pad | Airbnb Hosting | Vacation Rentals | Apartment Sharing Cover
Get Paid For Your Pad | Airbnb Hosting | Vacation Rentals | Apartment Sharing Profile

Get Paid For Your Pad | Airbnb Hosting | Vacation Rentals | Apartment Sharing

English, Finance, 1 season, 613 episodes, 17 hours, 4 minutes
About
Get Paid For Your Pad is the definitive show on Airbnb hosting, packed with tips & tricks on how to improve your Airbnb listing as well as real life experiences from Airbnb hosts from all around the world. See acast.com/privacy (https://acast.com/privacy) for privacy and opt-out information.
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Guest marketing with Stay-Fi

>>> 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.
4/8/202430 minutes, 31 seconds
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The state of the STR industry with Rent Responsibly

>>> 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.
4/1/202440 minutes, 11 seconds
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Live Let Thrive

>>> 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.
3/8/202436 minutes, 14 seconds
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Revenue Management Strategies

>>> 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.
3/4/202436 minutes, 14 seconds
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Sailing around the world funded by property investing

>>> 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.
3/1/202434 minutes, 7 seconds
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How Steven went from near bankruptcy to building a thriving STR business

>>> 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.
2/14/202442 minutes, 42 seconds
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Experiential design is where the money is at on Airbnb

>>> 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.
2/2/202437 minutes, 14 seconds
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How a near death experience inspired two brothers to go all-in on STRs

>>> 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.
1/30/202444 minutes
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Curate local experiences for your guests with Mount

>>> 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.
12/18/202335 minutes, 4 seconds
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Offer grocery stocking services to your guests with Noshable

>>> 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.
12/15/202329 minutes, 32 seconds
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Will 2024 be another 2023 in the STR industry?

*** 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.
12/10/202334 minutes, 32 seconds
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BOOSTYLY SHORT-TERM RENTAL DOCUMENTARY COMING SOON

>>> 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.
12/4/202344 minutes, 45 seconds
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New marketplace Comparable connects homeowners with STR managers

>>> 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.
12/1/202337 minutes, 11 seconds
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Host your luxury homes on Plumguide

*** 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.
11/28/202347 minutes, 52 seconds
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How to leverage discounts on Airbnb to drive bookings

*** 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.
11/25/202331 minutes, 15 seconds
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Unreasonable hospitality is the future of short-term rentals

>>> 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.
11/17/202342 minutes, 50 seconds
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Cashflow based financing for Airbnb hosts

>>> 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.
11/13/202346 minutes, 28 seconds
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Hire Slow, Fire Fast With Steve Trover

>>> 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.
11/10/202349 minutes, 11 seconds
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Takeaways and learning lessons from VRMA Orlando

>>> 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.
11/6/202354 minutes, 9 seconds
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Airbnb Ranking Insights From Studying 29,000 Properties

>>> 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.
11/3/202353 minutes, 44 seconds
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Revenue Management Questions Answered Part II

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay Hosted on Acast. See acast.com/privacy for more information.
10/14/202334 minutes, 1 second
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Your Revenue Management Questions Answered

Sign up for our free revenue management training at https://getpaidforyourpad.com/training. Hosted on Acast. See acast.com/privacy for more information.
10/4/202335 minutes, 40 seconds
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Take your revenue management to the next level with PriceLabs

>>> 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.
9/29/202341 minutes, 43 seconds
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Revenue Management Strategies with Tom Lyons of Casago

*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.
9/22/202346 minutes, 12 seconds
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Leverage your Airbnbs to travel for free

*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.
9/18/202337 minutes, 19 seconds
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How to achieve your revenue management goals

*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.
9/15/202342 minutes, 33 seconds
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How to create a minimum stay restriction strategy

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.
9/11/202346 minutes, 44 seconds
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Revenue Management Strategies for Airbnb Hosts

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.
9/8/202342 minutes, 50 seconds
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How to find a great partner to run your STR business

***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.
9/1/202345 minutes, 57 seconds
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Streamline your hosting operations with Hospitable

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.
8/30/202331 minutes, 7 seconds
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Scaling Up, Scaling Down: A Host's Odyssey from 0 to 600 and Back to 300 Units

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.
8/25/202350 minutes, 14 seconds
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Cost segregation strategies to minimize your taxes

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.
8/19/202336 minutes
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Best way to work with management clients

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.
8/10/202347 minutes, 55 seconds
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Property Management Software Onboarding Tips

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.
8/1/202338 minutes, 24 seconds
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New Hospitality Brand Freewyld Launches in August

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.
7/22/202353 minutes, 14 seconds
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From Flipping Houses to starting an Airbnb Fund

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.
7/19/202334 minutes, 33 seconds
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Does investing in short-term rentals make sense at 7% mortgage rates?

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.
7/14/202344 minutes, 35 seconds
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How to prevent your guests from smoking in your Airbnbs

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.
7/12/202341 minutes, 29 seconds
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Banking and Finances for Airbnb Hosts with Baselane

Sign-up for Baselane and get a $300 bonus: https://getpaidforyourpad.com/bank Hosted on Acast. See acast.com/privacy for more information.
7/7/202332 minutes, 1 second
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Learning lessons from 10 years of entrepreneurship

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.
7/5/202357 minutes, 51 seconds
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How to scale to 1000+ units with Skyrun CEO Lukas Krause

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.
6/30/202344 minutes, 44 seconds
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How to keep your Airbnb's safe and avoid guest accidents

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.
6/28/202339 minutes, 58 seconds
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Interior design tips for Airbnb hosts

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.
6/23/202332 minutes, 7 seconds
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How Alex created financial independence through investing in STR

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.
6/20/202330 minutes, 26 seconds
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Design your Airbnb in 10 minutes using AI tool Ludwig

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.
6/16/202330 minutes, 34 seconds
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Inventory Acquisition Strategies With Brooke Pfautz

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.
6/12/202338 minutes, 36 seconds
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Four Powerful AI Tools that no-one talks about

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.
6/9/202337 minutes, 43 seconds
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Using boat rentals as additional revenue stream and a unique amenity on Airbnb

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.
6/6/202330 minutes, 7 seconds
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I finally moved to San Diego!

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6/3/202341 minutes, 12 seconds
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Starting an Airbnb business at the age of 21

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5/8/202336 minutes, 11 seconds
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Cash flow based financing for short-term rental hosts

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5/5/202339 minutes
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How to manage regulatory STR limitations

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5/1/202338 minutes, 32 seconds
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Most Common Host Questions Answered Part II

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4/18/202330 minutes, 14 seconds
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Most Common Host Questions Answered Part I

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4/15/202339 minutes, 6 seconds
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2X your Airbnb revenue by elevating the guest experience

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4/12/202341 minutes, 42 seconds
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How to analyze short-term rental acquisition deals

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4/8/202349 minutes, 3 seconds
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How to analyze and optimize your Airbnb booking funnel

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.
4/3/202341 minutes, 17 seconds
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How to scale wealth with STR real estate

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3/31/202345 minutes, 36 seconds
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13 Factors to Rank Better on Airbnb

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.
3/29/202343 minutes, 24 seconds
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How to build a host driven Airbnb brand to stand out from the competition

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3/24/202338 minutes, 7 seconds
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Leverage AI to drive Airbnb and direct bookings

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.
3/20/202342 minutes, 9 seconds
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How to Scale to 50+ STR Units Through Partnerships

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.
3/13/202336 minutes, 16 seconds
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How to raise money for your Airbnb business

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.
3/10/202350 minutes, 12 seconds
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Slowdown? This Airbnb Host Is Seeing Record-Breaking Revenues!

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.
3/6/202331 minutes, 29 seconds
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How to Consistently Attract in the Right Airbnb Properties

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.
3/3/202340 minutes, 21 seconds
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The most important chart to watch in real estate in 2023

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.
2/27/202354 minutes, 46 seconds
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Optimize your Airbnb listings with Chat GPT

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.
2/24/202338 minutes, 2 seconds
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Work Remotely from a Cave Home on a Volcano

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.
2/21/202339 minutes, 31 seconds
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Airbnb Hit Record In Q4 2022, Stock Up 35% in 6 Months

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.
2/18/202339 minutes, 52 seconds
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78% Of Travelers Want to Stay in Sustainable Short-Term Rentals

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.
2/13/202325 minutes, 14 seconds
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What Hosts Want and What They Need

"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.
2/10/202340 minutes, 22 seconds
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Benefits of starting your own local STR alliance

 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.
2/6/202332 minutes, 43 seconds
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Converting Old Vacation Rental Communities into Modern Short-Term Rental Experiences

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.
2/3/202341 minutes, 36 seconds
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Pros and Cons of Buying Existing STR Properties

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.
1/30/202328 minutes, 19 seconds
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The winning business model for Airbnb wealth in 2023

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.
1/27/202337 minutes, 50 seconds
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Will Blockchain Revolutionize the STR Industry?

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.
1/23/202341 minutes, 50 seconds
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Forget BNBBUST, We’re Going All-In on STRs

#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.
1/20/202344 minutes, 36 seconds
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This Little-Known Tool Could Land You More Airbnb Bookings

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.
1/16/202322 minutes, 2 seconds
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There's no traffic jam along the extra mile

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1/14/202347 minutes, 41 seconds
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When disaster strikes your Airbnb

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.
1/9/202331 minutes, 24 seconds
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Best of Get Paid For Your Pad in 2022

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.
1/6/202342 minutes, 29 seconds
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The future of the STR industry with ALTIDO CEO Will Parry

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.
12/26/202238 minutes, 33 seconds
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Hospitality Trends in the STR industry in 2022

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.
12/19/202233 minutes, 56 seconds
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Recap of the STR Industry in 2022

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.
12/16/202239 minutes, 12 seconds
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Why Building a Brand is Essential for STR Hosts

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.
12/12/202246 minutes, 25 seconds
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Create Pricing Power on Airbnb Through Building a Brand

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.
12/9/202244 minutes, 47 seconds
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3 Steps to Increase Your Airbnb Revenue 15-30%

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.
12/5/202240 minutes, 31 seconds
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How to Solve Issues with Your Airbnb Guests By Communicating Effectively

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.
12/2/202244 minutes, 21 seconds
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How to Avoid Hosting Problem Guests in Your Airbnbs

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.
11/28/202232 minutes, 52 seconds
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What Hosts Should Know About the Airbnb 2022 Winter Release

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.
11/25/202246 minutes, 36 seconds
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How to Scale Your Airbnb Business by Being the #1 Expert in Your Market

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.
11/21/202237 minutes, 17 seconds
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How Avant Stay Scaled Their Hospitality Brand to 1,500+ Units in Less Than 5 Years

"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.
11/18/202249 minutes, 52 seconds
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How to Fill Your Airbnbs with Corporate Travelers

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.
11/14/202240 minutes, 21 seconds
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What Hosts Should Know About Airbnb’s Pricing Update

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.
11/11/202224 minutes, 20 seconds
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From 25 to 100+ STR Units in Less Than 1.5 Years

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.
11/7/202240 minutes, 43 seconds
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How We Are Adding $150k A Year in Revenue By Renovating Our Cabin Hotel

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.
11/4/202251 minutes, 32 seconds
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How to Think Like a Brand Manager Instead of a Property Owner

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.
10/31/202233 minutes, 3 seconds
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The Journey from Hectic Host to STR Legend

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.
10/28/202242 minutes, 37 seconds
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How Patrick Scaled His STR business to 40 Units in Colombia

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.
10/24/202249 minutes
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The Vision for Freewyld

"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.
10/21/202244 minutes, 30 seconds
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Short-term Rental Investment Opportunities in Colombia

“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.
10/17/202242 minutes, 49 seconds
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How to Go from Host to Hospitality Brand

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.
10/14/202233 minutes, 43 seconds
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How to Build Your STR Business Through Fundraising

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.
10/10/202238 minutes, 41 seconds
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We’re hiring Legends X Coaches!

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.
10/7/202233 minutes, 43 seconds
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How to Leverage the Film Industry to Fill Your Airbnbs

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.
10/3/202233 minutes, 59 seconds
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How to Run a Quarterly Off-Site for Your Business

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.
9/30/202248 minutes, 54 seconds
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Charge Premium Rates by Hosting Bachelorette Parties

"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.
9/26/202238 minutes, 32 seconds
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Top Medium Term Rental Strategies for Airbnb Hosts

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.
9/19/202230 minutes, 15 seconds
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How to Hire, Train, and Retain the Perfect Short-term Rental Virtual Assistants

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.
9/16/202238 minutes, 4 seconds
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$1740 in One Day on Peerspace???

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.
9/12/202228 minutes, 5 seconds
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Don’t Forget to Celebrate!

"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.
9/9/202244 minutes, 8 seconds
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Uplevel the Experience for Your Guests with Minoan

"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.
9/5/202235 minutes, 50 seconds
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Are We Buying a Hotel???

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.
9/2/202241 minutes, 5 seconds
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How to Fill Your Calendar with Direct Bookings

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.
8/29/202237 minutes, 43 seconds
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Scaling Up Book Club Part I: People

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.
8/26/202245 minutes, 9 seconds
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The Story Behind 500 Episodes of Get Paid For Your Pad

"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.
8/22/202242 minutes, 36 seconds
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Takeaways from Legends X Class 4 Applications

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.
8/19/202233 minutes, 5 seconds
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Ep498 How to start your own cleaning franchise business

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8/17/202243 minutes, 57 seconds
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How to Create a Budget to Renovate Your Airbnb

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.
8/12/202245 minutes, 57 seconds
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How to Build a Lifestyle Business Hosting Remotely

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.
8/8/202242 minutes, 52 seconds
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How to Create Accountability and Get Results

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.
8/5/202245 minutes, 48 seconds
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Leverage Long-Term Stays to Maximize Occupancy

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.
8/1/202240 minutes, 59 seconds
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2022 will be a Record Year for US Short-Term Rentals

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.
7/29/202230 minutes, 16 seconds
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How to Maximize ROI for Property Owners

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.
7/26/202242 minutes, 14 seconds
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Legends X Class 4 Enrollment is OPEN

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.
7/22/202240 minutes, 50 seconds
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From Hectic Host to Legend in Less Than 1 Year

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.
7/19/202239 minutes, 26 seconds
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Define your guest avatar to attract more bookings

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7/15/202229 minutes, 36 seconds
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Scaling the Ownership Model in a Secondary Market

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.
7/11/202233 minutes, 17 seconds
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Free Workshop to Scale Your Airbnb Business

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.
7/8/202234 minutes, 18 seconds
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How to Grow Your Airbnb Business Using Multiple Airbnb Accounts

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.
7/4/202235 minutes, 6 seconds
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Leverage Leadership and Culture to Scale Your Airbnb Business

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.
7/1/202241 minutes, 38 seconds
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Optimize Your Airbnb Prices with Beyond

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.
6/27/202237 minutes, 42 seconds
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What we learned at the STR Legends Mastermind

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6/24/202259 minutes, 20 seconds
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Best Practices for Working with Influencers to Market Your Airbnbs

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.
6/20/202233 minutes, 48 seconds
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Short-term Rental Startup Sonder Cuts Staff 20%

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.
6/17/202241 minutes, 8 seconds
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Stand out on Airbnb with Extremely Themed Units

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.
6/13/202230 minutes, 9 seconds
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How to Accomplish More Through Effective Goal Setting

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.
6/10/202247 minutes, 25 seconds
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How to Operate Your Airbnb Business Like a Machine

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.
6/6/202237 minutes, 50 seconds
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How You Can be Part of the Overnight Success Team

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.
6/3/202243 minutes, 58 seconds
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How to Improve Your Listings’ Search Rank in Airbnb Categories (Part II)

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.
5/30/202235 minutes, 36 seconds
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How We Hired Our First Virtual Assistant for Freewyld

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.
5/27/202245 minutes, 52 seconds
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How to Improve Your Listings’ Search Rank in Airbnb Categories

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.
5/23/202242 minutes
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Freewyld Updates: Why We Partnered with a Management Company on Freewyld

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.
5/20/202236 minutes, 42 seconds
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How to Sell Your Airbnb Business

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.
5/16/202236 minutes, 55 seconds
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The biggest Airbnb update in a decade

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.
5/13/202253 minutes, 1 second
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How to Rent out spaces for events on Peerspace

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.
5/9/202238 minutes, 29 seconds
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Tiny Homes Listener Q&As

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.
5/6/202235 minutes, 36 seconds
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How to Buy Run-Down Motels and Convert Them into Airbnbs

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.
5/2/202239 minutes, 15 seconds
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STR Legends Mastermind Last Call for Applications

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.
4/29/202230 minutes, 49 seconds
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From Master Leasing 100+ Units to Owning Boutique Hotels with Rebecca Slivka

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.
4/26/202241 minutes, 23 seconds
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Freewyld Updates: Investigating the Tiny Home Concept for the Freewyld Brand

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.
4/22/202243 minutes, 26 seconds
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Leverage Airbnb’s to Create Positive Change in Our Communities

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.
4/18/202235 minutes, 4 seconds
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Do Rising Gas Prices Affect Airbnb Demand?

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.
4/15/202245 minutes, 14 seconds
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Top Interior Design Resources for Airbnbs

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.
4/8/202236 minutes, 54 seconds
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Living Like a Short-Term Rental King in Paradise

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.
4/4/202235 minutes, 35 seconds
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STR Legends Mastermind Doors Are Open

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.
4/1/202232 minutes, 15 seconds
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How to Create a World-Class Guest Experience on Airbnb

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.
3/28/202235 minutes, 15 seconds
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The STR Legends Mastermind is Back!

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.
3/25/202235 minutes, 25 seconds
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Top Locations to Invest in Short-Term Rentals in the US

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.
3/21/202242 minutes, 9 seconds
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Industry Update - AirDNA, Placemakr, and Transparent Acquisitions

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.
3/18/202241 minutes, 2 seconds
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How to Dominate Your Short-Term Rental Market

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.
3/14/202241 minutes, 18 seconds
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Freewyld Updates & Learning Lessons

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.
3/11/202237 minutes, 13 seconds
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Email Marketing Tips for Airbnb Hosts to Drive Direct Bookings

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.
3/7/202232 minutes, 8 seconds
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Scale Your Hosting Business with the VOS System

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.
3/4/202235 minutes, 33 seconds
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From 15 to 50 Airbnbs in One Year

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.
2/28/202242 minutes, 15 seconds
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Legends X Class 3 Preview

Apply for Legends X at https://www.strlegends.com/x Hosted on Acast. See acast.com/privacy for more information.
2/23/202244 minutes, 3 seconds
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Build Your Hosting Business by Being the STR Expert in Your Market

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.
2/21/202233 minutes, 22 seconds
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Building Your STR Brand Through B2B Marketing

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.
2/14/202233 minutes, 38 seconds
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Q&A from the Training - More Listings, Higher Profits

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.
2/11/202241 minutes, 20 seconds
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The Hottest Places to Invest in Property for the Short-Term Rental Market in 2022

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.
2/7/202240 minutes, 15 seconds
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Legends X Enrollment Is Open

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.
2/4/20220
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Get Funding to Grow Your Airbnb Portfolio with Nectar

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.
1/31/202239 minutes, 25 seconds
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The Five Stages of Hosting

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.
1/28/202251 minutes, 13 seconds
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From Masterleasing to Managing Short-Term Rentals in Sarasota

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.
1/24/202231 minutes, 43 seconds
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More Listings, Higher Profits

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.
1/21/202230 minutes, 45 seconds
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Matt’s Journey from Hectic Host to Rising Star

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.
1/17/202243 minutes, 18 seconds
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Why 2022 Is Going to Be a Huge Year for STRs

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.
1/14/202249 minutes, 38 seconds
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How to Market to Military Families on Airbnb

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.
1/10/202233 minutes, 53 seconds
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Overnight Success and Freewyld Recap of 2021 and What’s Coming Up in 2022

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.
1/7/202241 minutes, 34 seconds
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Airbnb Guest Communication Tips for 2022

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.
1/3/202232 minutes, 22 seconds
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Recap of 2021 for the STR Industry

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.
12/27/202136 minutes, 2 seconds
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Setting Up Your Airbnb Listing for Faster Profits

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.
12/20/202139 minutes, 42 seconds
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Legends X Takeaways and Learning Lessons

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.
12/17/202138 minutes, 51 seconds
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Create Long-Term Wealth by Acquiring Airbnbs

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.
12/13/202139 minutes, 47 seconds
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Recap of the 2nd Legends X Class

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.
12/10/202136 minutes, 52 seconds
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How to Attract Mid-Term Stays with Nestpick

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.
12/6/202130 minutes, 12 seconds
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How to Find New Airbnb Properties

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.
12/3/202123 minutes, 46 seconds
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Taking Over an Old-School Vacation Rental Business in Rural Germany

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.
11/29/202140 minutes, 57 seconds
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Freewyld Updates—Wins and Challenges

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.
11/26/202136 minutes, 52 seconds
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How to Quit the Rat Race and Go All-In on Airbnb

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.
11/22/202137 minutes, 14 seconds
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How to Build Your Team to Scale Your Airbnb Business

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.
11/19/202143 minutes, 11 seconds
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How Craig TRIPLED the Revenue on His Airbnbs—with Craig Westaway

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.
11/15/202139 minutes, 39 seconds
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The Airbnb Winter Release

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.
11/12/202132 minutes, 54 seconds
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Into the Weeds of the Operations of an Airbnb Business, Part II—with David Golshan

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.
11/8/202142 minutes, 47 seconds
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Tools and Systems That We Use to Streamline Our Hosting Business

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.
11/5/202138 minutes, 54 seconds
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Into the Weeds of the Operations of an Airbnb Business, Part I with—David Golshan

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.
11/1/202144 minutes, 38 seconds
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How Eric Got Started with Airbnb

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.
10/29/202127 minutes, 39 seconds
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Affordable Technology for Small Airbnb Hosts—with Henry Bennett

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.
10/25/202131 minutes, 49 seconds
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Don't Start an Airbnb Business, Buy One

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.
10/22/202141 minutes, 17 seconds
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Building an Airbnb Listing That Beats the Competition—with Kati & Brian Greene

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.
10/18/202131 minutes, 29 seconds
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The Biggest Opportunity in Short-Term Rentals

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.
10/15/202143 minutes, 37 seconds
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Delight Your Guests by Delivering the Unexpected—with J.T. McKay

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.
10/11/202136 minutes, 56 seconds
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Takeaways from the VRMA

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10/8/202142 minutes, 28 seconds
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How to Set Up a Multilingual Airbnb—with Tracey Northcott

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.
10/4/202129 minutes, 48 seconds
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Learning Lessons from 13 Years’ Experience in the STR Industry

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.
9/27/202130 minutes, 36 seconds
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International Travel Ban to US Will Be Lifted in November

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.
9/24/202142 minutes, 18 seconds
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Ideal Operations to Scale your Airbnb hosting business

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.
9/17/202141 minutes, 9 seconds
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How to Leverage Virtual Assistants to Scale Your Hosting Business—with Kim Herrlein

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.
9/13/202143 minutes, 11 seconds
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Why You Need a Vision for Your Airbnb Business

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.
9/10/202134 minutes
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Green Cleaning and Chemical-Free Airbnbs—with Katrina Papé

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.
9/6/202127 minutes, 37 seconds
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The Future Of Short-Term Rentals

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.
9/3/202137 minutes, 47 seconds
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How to Leverage Experiential Design to Stand Out on Airbnb—with Kate Shaw & Betsy Moyer (Ep403)

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.
8/30/202126 minutes, 3 seconds
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What we're learning from buying our next Airbnb property

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.
8/27/202144 minutes, 14 seconds
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Tips for Hosting Families with Pets on Airbnb—with Rachel Gainsbrugh

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.
8/23/202139 minutes, 18 seconds
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How to capitalize on the BOOM in short-term rentals

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.
8/20/202146 minutes, 20 seconds
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Leveraging Airbnbs for Your Real Estate Business -with Cynthia Tant

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.
8/16/202128 minutes, 49 seconds
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Legends X Accelerator Program Open For Applications

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.
8/13/202136 minutes, 57 seconds
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Julie George’s Takeaways from Coaching 52 Airbnb Hosts Through Legends

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.
8/9/202131 minutes, 33 seconds
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From Hectic Host To Millionaire Manager

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.
8/6/202129 minutes, 19 seconds
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How to Acquire Land and Build Your Own Unique STR Structures

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.
8/2/202133 minutes, 49 seconds
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Roadmap to Go from Hectic Host to Legend

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.
7/30/202143 minutes, 1 second
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Creative Financing Strategies to Acquire Airbnb Properties – with Isaac Moore & Andrew LeBaron

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.
7/26/202134 minutes, 38 seconds
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Airbnb Host Leverages Peloton Bike to Increase Revenue by 15% – with Aaron Hanauer

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.
7/19/202129 minutes, 13 seconds
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How To Pivot From Masterleasing to Management

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.
7/13/202126 minutes, 50 seconds
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Scaling a Remote Co-Hosting Business While Maintaining a 5-Star Guest Experience – with Sean McGregor

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.
7/5/202140 minutes, 23 seconds
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How Sergio Quit His Job to Go All-In on Airbnb – with Sergio Castaneda

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.
6/28/202131 minutes, 56 seconds
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Scale Your Airbnb Business by Building Relationships – with Liam Carolan

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.
6/21/202134 minutes, 48 seconds
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Streamline Your Cleaning and Maintenance with Breezeway – with Jeremy Gall

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.
6/14/202131 minutes, 35 seconds
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Automatically Collect Guest Emails with StayFi – with Arthur Colker

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.
6/8/202128 minutes
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Streamline self-checkins using Smartlocks

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