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

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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.

Jasper Ribbers


    • Dec 6, 2021 LATEST EPISODE
    • weekdays NEW EPISODES
    • 32m AVG DURATION
    • 415 EPISODES

    Listeners of Get Paid For Your Pad | Airbnb Hosting | Vacation Rentals | Apartment Sharing that love the show mention: jasper, airbnb hosts, renting, listings, str, pad, rental, hosting, property, really cool, theme song, super helpful, term, it's really, love learning, thanks guys, great resource, learned a lot, great advice, place.



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

    How to Attract Mid-Term Stays with Nestpick

    Play Episode Listen Later Dec 6, 2021 30:12

    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 info@nestpick.com Resources Zoopla Brian Chesky Interview Furnished FinderSTR Legends MastermindLegends X 90-Day STR AcceleratorEmail jasper@getpaidforyourpad.com Sponsor Hostfully [Discount Code PAD] See acast.com/privacy for privacy and opt-out information.

    How to Find New Airbnb Properties

    Play Episode Listen Later Dec 3, 2021 23:46

    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 jasper@getpaidforyourpad.com Sponsor Hostfully [Discount Code PAD] See acast.com/privacy for privacy and opt-out information.

    Taking Over an Old-School Vacation Rental Business in Rural Germany

    Play Episode Listen Later Nov 29, 2021 40:57

    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 jasper@getpaidforyourpad.com Sponsor Hostfully [Discount Code PAD] See acast.com/privacy for privacy and opt-out information.

    Freewyld Updates—Wins and Challenges

    Play Episode Listen Later Nov 26, 2021 36:52

    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 jasper@getpaidforyourpad.com Sponsor Hostfully [Discount Code PAD] See acast.com/privacy for privacy and opt-out information.

    How to Quit the Rat Race and Go All-In on Airbnb

    Play Episode Listen Later Nov 22, 2021 37:14


    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 jasper@getpaidforyourpad.com Sponsor Hostfully [Discount Code PAD] See acast.com/privacy for privacy and opt-out information.


    How to Build Your Team to Scale Your Airbnb Business

    Play Episode Listen Later Nov 19, 2021 43:11


    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 jasper@getpaidforyourpad.com Sponsor Hostfully [Discount Code PAD] See acast.com/privacy for privacy and opt-out information.


    How Craig TRIPLED the Revenue on His Airbnbs—with Craig Westaway

    Play Episode Listen Later Nov 15, 2021 39:39

    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 jasper@getpaidforyourpad.com Sponsor Hostfully [Discount Code PAD] See acast.com/privacy for privacy and opt-out information.

    The Airbnb Winter Release

    Play Episode Listen Later Nov 12, 2021 32:54

    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 jasper@getpaidforyourpad.com Sponsor Hostfully [Discount Code PAD] See acast.com/privacy for privacy and opt-out information.

    Into the Weeds of the Operations of an Airbnb Business, Part II—with David Golshan

    Play Episode Listen Later Nov 8, 2021 42:47

    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 jasper@getpaidforyourpad.com SponsorHostfully [Discount Code PAD] See acast.com/privacy for privacy and opt-out information.

    Tools and Systems That We Use to Streamline Our Hosting Business

    Play Episode Listen Later Nov 5, 2021 38:54

    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 jasper@getpaidforyourpad.comSponsorHostfully [Discount Code PAD] See acast.com/privacy for privacy and opt-out information.

    Into the Weeds of the Operations of an Airbnb Business, Part I with—David Golshan

    Play Episode Listen Later Nov 1, 2021 44:38

    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 jasper@getpaidforyourpad.com Sponsor Hostfully [Discount Code PAD] See acast.com/privacy for privacy and opt-out information.

    How Eric Got Started with Airbnb

    Play Episode Listen Later Oct 29, 2021 27:39

    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 jasper@getpaidforyourpad.comSponsorHostfully [Discount Code PAD] See acast.com/privacy for privacy and opt-out information.

    Affordable Technology for Small Airbnb Hosts—with Henry Bennett

    Play Episode Listen Later Oct 25, 2021 31:49

    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 jasper@getpaidforyourpad.comSponsorHostfully [Discount Code PAD] See acast.com/privacy for privacy and opt-out information.

    Don't Start an Airbnb Business, Buy One

    Play Episode Listen Later Oct 22, 2021 41:17

    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 jasper@getpaidforyourpad.com Sponsor Hostfully [Discount Code PAD] See acast.com/privacy for privacy and opt-out information.

    Building an Airbnb Listing That Beats the Competition—with Kati & Brian Greene

    Play Episode Listen Later Oct 18, 2021 31:29


    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 jasper@getpaidforyourpad.com Sponsor Hostfully [Discount Code PAD] See acast.com/privacy for privacy and opt-out information.


    The Biggest Opportunity in Short-Term Rentals

    Play Episode Listen Later Oct 15, 2021 43:37

    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 jasper@getpaidforyourpad.com Sponsor Hostfully [Discount Code PAD] See acast.com/privacy for privacy and opt-out information.

    Delight Your Guests by Delivering the Unexpected—with J.T. McKay

    Play Episode Listen Later Oct 11, 2021 36:56

    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 jt@jtmckay.com ResourcesLoomYou on NetflixLegends X 90-Day STR AcceleratorEmail jasper@getpaidforyourpad.com SponsorHostfully [Discount Code PAD] See acast.com/privacy for privacy and opt-out information.

    Takeaways from the VRMA

    Play Episode Listen Later Oct 8, 2021 42:28

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    How to Set Up a Multilingual Airbnb—with Tracey Northcott

    Play Episode Listen Later Oct 4, 2021 29:48

    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 jasper@getpaidforyourpad.com Sponsor Hostfully [Discount Code PAD] See acast.com/privacy for privacy and opt-out information.

    Learning Lessons from 13 Years' Experience in the STR Industry

    Play Episode Listen Later Sep 27, 2021 30:36

    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 vip@breezeway.io Resources FlipKeyJeremy Gall on Get Paid for Your Pad EP387Breezeway's STR Inspector CourseLegends X 90-Day STR AcceleratorEmail jasper@getpaidforyourpad.com Sponsor Hostfully [Discount Code PAD] See acast.com/privacy for privacy and opt-out information.

    International Travel Ban to US Will Be Lifted in November

    Play Episode Listen Later Sep 24, 2021 42:18

    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 jasper@getpaidforyourpad.com Sponsor Hostfully [Discount Code PAD] See acast.com/privacy for privacy and opt-out information.

    How to Use Virtual Assistants to Run Your Airbnbs—with Charlie Hawranik

    Play Episode Listen Later Sep 20, 2021 44:09

    Hiring a virtual assistant can be a game-changer for your STR business. But here's the catch: Your VAs are only as good as your training and your systems. It's YOUR job to provide clear instructions and offer support as they learn the ropes.So, what can virtual assistants do for your Airbnb business? And what's the best approach to training a VA to take on those responsibilities?Charlie Hawranik is the Cofounder of Canmore Co-Host, a short-term rental property management company based in the Canadian Rockies. Charlie and his wife Yuki started by hosting their own vacation rental on Airbnb three years ago and have since expanded to a portfolio of 13 properties.On this episode of Get Paid for Your Pad, Charlie joins me to explain what his virtual assistants do for his Airbnb business, walking us through the list of daily tasks his VAs perform and sharing the tools he uses to communicate with them. Charlie offers insight on the interview process, describing what he looks for in a VA and how the book Virtual Freedom helped him decide what to ask the candidates. Listen in for Charlie's advice for training your VAs on guest communication and learn how YOU can use virtual assistants to help run your Airbnbs.Topics Covered How Charlie and his wife got into hosting on AirbnbPurchased property in Canadian Rockies 3 years agoStarted managing for other owners (13 listings total) How Charlie benefitted from joining Legends XPushed to do things wouldn't have tried otherwiseIntroduced to benefit of hiring virtual assistantsThe daily tasks Charlie's VAs do for his Airbnb businessVerify door locks active, guest codes programmedConfirm arrival of cleanersReview PriceLabs informationUse reviews to update maintenance to-do listHandle owner use requestsRespond to guest messages Other projects that Charlie assigns to his virtual assistantsBuild Hostfully guidebook for new propertiesMonthly invoicing Eventually create Airbnb listing for new properties The top tools Charlie uses to communicate with his VAsOpenPhone and Skype for messagingCreate Loom videos for trainingCharlie's advice for Airbnb hosts considering hiring VAsAsk skills testing questions in interview processProvide detailed training videosTreat your team with respect and check in oftenHow Charlie trained his VAs around guest communicationGo through past messages to build own FAQ docMessage responses to Charlie for approvalReply on own (only ask for help if can't answer)Connect with Charlie Canmore Co-HostEmail canmorecohost@gmail.com Resources Kim Herrlein on Get Paid for Your Pad EP407Julie GeorgeVirtual Staff FinderShort-Term Rental Profit AcademyRemoteLockRBOY AppsPriceLabsOpenPhoneVirtual Freedom by Chris DuckerLoomiGMSRankbreezeKeys to KelownaLegends X Short-Term Rental AcceleratorGet Paid for Your Pad on YouTubeEmail jasper@getpaidforyourpad.com Sponsor Hostfully [Discount Code PAD] See acast.com/privacy for privacy and opt-out information.

    Ideal Operations to Scale your Airbnb hosting business

    Play Episode Listen Later Sep 17, 2021 43:46

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    How to Leverage Virtual Assistants to Scale Your Hosting Business—with Kim Herrlein

    Play Episode Listen Later Sep 13, 2021 43:11

    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 jasper@getpaidforyourpad.com Sponsor Hostfully [Discount Code PAD] See acast.com/privacy for privacy and opt-out information.

    Why You Need a Vision for Your Airbnb Business

    Play Episode Listen Later Sep 10, 2021 34:00

    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 jasper@getpaidforyourpad.com Sponsor Hostfully [Discount Code PAD] See acast.com/privacy for privacy and opt-out information.

    Green Cleaning and Chemical-Free Airbnbs—with Katrina Papé

    Play Episode Listen Later Sep 6, 2021 27:37

    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 jasper@getpaidforyourpad.com Sponsor Hostfully [Discount Code PAD] See acast.com/privacy for privacy and opt-out information.

    The Future Of Short-Term Rentals

    Play Episode Listen Later Sep 3, 2021 37:47

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    How to Leverage Experiential Design to Stand Out on Airbnb—with Kate Shaw & Betsy Moyer (Ep403)

    Play Episode Listen Later Aug 30, 2021 26:03


    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 jasper@getpaidforyourpad.comSponsorHostfully [Discount Code PAD] See acast.com/privacy for privacy and opt-out information.


    What we're learning from buying our next Airbnb property

    Play Episode Listen Later Aug 27, 2021 44:14

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    Tips for Hosting Families with Pets on Airbnb—with Rachel Gainsbrugh

    Play Episode Listen Later Aug 23, 2021 39:18

    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 jasper@getpaidforyourpad.com Sponsor Hostfully [Discount Code PAD] See acast.com/privacy for privacy and opt-out information.

    How to capitalize on the BOOM in short-term rentals

    Play Episode Listen Later Aug 20, 2021 46:20

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    Leveraging Airbnbs for Your Real Estate Business -with Cythnia Tant

    Play Episode Listen Later Aug 16, 2021 28:49

    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? Cythnia 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, Cythnia 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 Cythnia'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 Cythnia 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 Cythnia 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 cindy@move2fla.com Resources90 Day Short-term Rental Accelerator MastermindGet Paid for Your Pad on YouTubeEmail jasper@getpaidforyourpad.com SponsorHostfully [Discount Code PAD] See acast.com/privacy for privacy and opt-out information.

    Legends X Accelerator Program Open For Applications

    Play Episode Listen Later Aug 13, 2021 36:57

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    Julie George's Takeaways from Coaching 52 Airbnb Hosts Through Legends

    Play Episode Listen Later Aug 9, 2021 31:33

    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 CoveredHow 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 jasper@getpaidforyourpad.com Sponsor Hostfully [Discount Code PAD] See acast.com/privacy for privacy and opt-out information.

    From Hectic Host To Millionaire Manager

    Play Episode Listen Later Aug 6, 2021 29:19

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    How to Acquire Land and Build Your Own Unique STR Structures

    Play Episode Listen Later Aug 2, 2021 33:49

    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 alexbuildschannel@gmail.com 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 jasper@getpaidforyourpad.com Sponsor Hostfully [Discount Code PAD] See acast.com/privacy for privacy and opt-out information.

    Roadmap to Go from Hectic Host to Legend

    Play Episode Listen Later Jul 30, 2021 43:01

    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 jasper@getpaidforyourpad.com Sponsor Hostfully [Discount Code PAD] See acast.com/privacy for privacy and opt-out information.

    Creative Financing Strategies to Acquire Airbnb Properties – with Isaac Moore & Andrew LeBaron

    Play Episode Listen Later Jul 26, 2021 34:38

    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 information@buymoretime.com 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 jasper@getpaidforyourpad.com Sponsor Hostfully [Discount Code PAD] See acast.com/privacy for privacy and opt-out information.

    Airbnb Host Leverages Peloton Bike to Increase Revenue by 15% – with Aaron Hanauer

    Play Episode Listen Later Jul 19, 2021 29:13

    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 aaronhanauer@gmail.com get_surly on Peloton Resources Christian Gissing on GPFYP EP301PelotonTonalMIRRORPelo BuddyPeloton Hotel FinderTen Thousand WavesWil Slickers on GPFYP EP382Legends XEmail jasper@getpaidforyourpad.com Sponsor Hostfully [Discount Code PAD] See acast.com/privacy for privacy and opt-out information.

    How To Pivot From Masterleasing to Management

    Play Episode Listen Later Jul 13, 2021 26:50

    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 goathote@gmail.com 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 jasper@getpaidforyourpad.com Sponsor Hostfully [Discount Code PAD] See acast.com/privacy for privacy and opt-out information.

    Scaling a Remote Co-Hosting Business While Maintaining a 5-Star Guest Experience – with Sean McGregor

    Play Episode Listen Later Jul 5, 2021 40:23

    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 jasper@getpaidforyourpad.com SponsorHostfully [Discount Code PAD] See acast.com/privacy for privacy and opt-out information.

    How Sergio Quit His Job to Go All-In on Airbnb – with Sergio Castaneda

    Play Episode Listen Later Jun 28, 2021 31:56

    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 hello@junglehouse.org Resources PriceLabsWheelhouseBeyond PricingStayFiArthur Colker on GPFYP EP386MailChimpLegends XGet Paid for Your Pad on YouTubeEmail jasper@getpaidforyourpad.com Sponsor Hostfully [Discount Code PAD] See acast.com/privacy for privacy and opt-out information.

    Scale Your Airbnb Business by Building Relationships – with Liam Carolan

    Play Episode Listen Later Jun 21, 2021 34:48

    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 jasper@getpaidforyourpad.com Sponsor Hostfully [Discount Code PAD] See acast.com/privacy for privacy and opt-out information.

    Streamline Your Cleaning and Maintenance with Breezeway – with Jeremy Gall

    Play Episode Listen Later Jun 14, 2021 31:35

    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 vip@breezeway.io Resources STR Profit AcademyLegends XGet Paid for Your Pad on YouTubeEmail jasper@getpaidforyourpad.com Sponsor Hostfully [Discount Code PAD] See acast.com/privacy for privacy and opt-out information.

    Automatically Collect Guest Emails with StayFi – with Arthur Colker

    Play Episode Listen Later Jun 8, 2021 28:00

    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 jasper@getpaidforyourpad.com Sponsor Hostfully [Discount Code PAD] See acast.com/privacy for privacy and opt-out information.

    Streamline self-checkins using Smartlocks

    Play Episode Listen Later Jun 1, 2021 67:33

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    Biggest Airbnb Update EVER - What you need to know

    Play Episode Listen Later May 28, 2021 67:33

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    How to set and track KPIs in your Airbnb business

    Play Episode Listen Later May 11, 2021 42:35

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    Destination Creation – with Wil Slickers

    Play Episode Listen Later May 4, 2021 32:37

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

    Lessons from the Legends X Accelerator

    Play Episode Listen Later Apr 29, 2021 45:46

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    From 8 to 50 Units in Less Than a Year

    Play Episode Listen Later Apr 13, 2021 33:20

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

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