Podcast appearances and mentions of richard fertig

Richard Fertig is the Founder and Chief Investment Officer of Stomp Capital and in this episode, shares the lesson that billionaire investor Steve Schwarzman shared with him when he was the first person recruited into Blackstone's Alternative Asset Management group early in his career. You'll hear what's going on in the investment landscape today, thoughts on mitigating risk and identifying opportunities, stories of anticipating market trends and creating value in investments, as well as what might be ahead for the hospitality industry. This show is not investment advice, and in full disclosure, I'm an investor in Stomp Capital's fund, but I've learned so much from Richard over the years and think you'll find his observations insightful wherever you are in the hospitality ecosystem.Links: Follow Richard on LinkedInLearn more about Stomp CapitalVisit Richard's YouTube channelRead: How a former globe-trotting hedge fund manager now provides bespoke hospitalityListen: Sparking Creativity through Travel: The Power of InspirationListen: What I Learned Traveling EuropeWhat did you think about this episode? Join the Hospitality Daily community on LinkedIn and share your thoughts. If you care about hospitality, check out the Masters of Moments podcast where Jake Wurzak interviews top leaders in hospitality. His conversations with Bashar Wali and Matt Marquis are a great place to start, but also check out his solo episodes such as how he underwrites investment deals and a deep dive into GP fees you know about. Music by Clay Bassford of Bespoke Sound: Music Identity Design for Hospitality Brands

Patrick Donley (@JPatrickDonley) sits down with Sief Khafagi to learn all about how his company, Techvestor, makes investing in Airbnbs simple, passive, and profitable. You'll learn about his early career at Facebook, how he's gone about building a vertically integrated short term rental company, what gives Techvestor their competitive advantage, and what trends Sief is anticipating in the STR market.Sief is an ex techie turned real estate investor who has helped thousands diversify into real estate after spending nearly 5 years at Facebook. He's syndicated acquisitions totaling more than $100M while designing & developing more than 125+ properties. Today, he's the founder of Techvestor, which helps real estate investors and busy professionals passively invest in the emerging asset class of short term rentals (aka Airbnbs).IN THIS EPISODE, YOU'LL LEARN:00:00 - Intro02:34 - How Sief was working at Facebook and developed an interest in real estate.03:32 - How working remotely all over the world connected him to the Airbnb world.03:54 - Why he choose against pursuing a long term rental strategy.04:50 - What his early side hustles as a teenager were.07:20 - How he built a Facebook team of over 1000 and applied those skills in building Techvestor.07:31 - How the strategy for Techvestor came about.09:26 - What the biggest challenges were in building Techvestor.11:02 - What gave him the courage to start a new venture.16:46 - How he found great people to join the team at Techvestor.19:25 - How Techvestor makes investing in Airbnbs simple, passive, and profitable.20:23 - How they use data analytics to find the best properties to add to their portfolio.22:39 - Why they were forced to vertically integrate.24:42 - How to amenitize Airbnb properties.25:21 - How they get development-like returns without taking on development-like risks.32:16 - Why having fixed rate debt is an advantage for them.33:49 - What Techvestor's exit strategy looks like.37:35 - What are the trends Sief is seeing in the Airbnb space.41:34 - What are some of the reasons they generate higher returns.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESThe Everything Guide to House Hacking by Robert Leonard.Related episode: Listen to REI175: An Insider's Guide to Airbnb w/ Taylor Jones or watch the video.Related episode: Listen to MI288: Experiencing Unique Stays w/ Ben Wolff or watch the video.Compounding Podcast w/ Richard Fertig.NEW TO THE SHOW?Check out our Millennial Investing Starter Packs.Browse through all our episodes (complete with transcripts) here.Try Robert's favorite tool for picking stock winners and managing our portfolios: TIP Finance.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet a FREE audiobook from Audible.Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Your home might be worth more than you think. Earn extra money today with Airbnb.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite's popular KPI Checklist, designed to give you consistently excellent performance for free.Shape and flex your home loans how you want with Athena. Join the thousands of Aussies taking control of their mortgage today.Enjoy an all-in-one personal finance app that gives you a comprehensive view of all your accounts, investments, transactions, cash flow, net worth, and more, with Monarch Money. Get an extended thirty-day free trial today.Be confident that you'll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Invest in the same paintings available to billionaires, at a more accessible price point with Masterworks.Support our free podcast by supporting our sponsors.Connect with Patrick: @JPatrickDonleyConnect with Sief: Website | LinkedIn | InstagramSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Ready to challenge everything you thought you knew about the hospitality industry? Our conversation with Richard Fertig, the founder and Chief Investment Officer at Stomp Capital, will change your perspective. We tackle the age-old practice of adding staff as a solution to hospitality challenges and examine how to add excitement in place of consistency. We invite you to join our debate as we put traditional hospitality methods under the microscope, weighing their value against the possibility of delivering superior guest experiences sans the enormous labor costs. As we traverse continents, we delve into an intriguing comparison between European and American hospitality practices, shedding light on how tipping influences the industry's dynamics. We then bring your attention to an often overlooked, yet powerful aspect of hospitality – the role of scent. This episode is a treasure trove of insights on rethinking your approach to hospitality.Links: Follow Richard on LinkedInLearn more about Stomp CapitalHow a former globe-trotting hedge fund manager now provides bespoke hospitalityWhat did you think about this episode? Join the Hospitality Daily community on LinkedIn and share your thoughts. If you care about hospitality, check out the Masters of Moments podcast where Jake Wurzak interviews top leaders in hospitality. His conversations with Bashar Wali and Matt Marquis are a great place to start, but also check out his solo episodes such as how he underwrites investment deals and a deep dive into GP fees you know about. Music by Clay Bassford of Bespoke Sound: Music Identity Design for Hospitality Brands

Today we're learning from Richard Fertig, founder and Chief Investment Officer at Stomp Capital, about the importance of staying inspired.Links: Follow Richard on LinkedInLearn more about Stomp CapitalHow a former globe-trotting hedge fund manager now provides bespoke hospitalityWhat did you think about this episode? Join the Hospitality Daily community on LinkedIn and share your thoughts. If you care about hospitality, check out the Masters of Moments podcast where Jake Wurzak interviews top leaders in hospitality. His conversations with Bashar Wali and Matt Marquis are a great place to start, but also check out his solo episodes such as how he underwrites investment deals and a deep dive into GP fees you know about. Music by Clay Bassford of Bespoke Sound: Music Identity Design for Hospitality Brands

Join us from the Outer Banks of North Carolina as I talk with Richard Fertig (@imrichardfertig on twitter), the founder of Stomp Capital. Richard is a pre-eminent expert and thought leader in short-term rentals (a.k.a. Airbnbs). He and the Stomp team are pioneering a new experience-first hospitality concept that will blow your mind—I think it's the future of luxury travel. Richard's vision is huge and his energy is infectious. Aside from his business accomplishments, Richard has built a great life with a "full send" mentality. Join us as we talk about investing, real estate and life. The YouTube version of this episode comes with a special bonus—an exclusive tour of Richard's EdgeCamp Sporting Club in the Outer Banks. You don't want to miss it!   Watch this episode on YouTube: https://youtu.be/L5M1rq5jx6w Swell & Kevin Dahlstrom: Kevin on Twitter: www.Twitter.com/Camp4 www.SwellMoney.com Mentioned in this episode: Stomp Capital: https://www.stompcapital.com/ RichardFertig.com: https://www.richardfertig.com/ Richard on Twitter: https://twitter.com/imrichardfertig STR University on YouTube: https://www.youtube.com/c/STRUniversity Stomp Capital on Twitter: https://twitter.com/stompcapital Caldera House: https://calderahouse.com/ Topics: (3:41) - Richard's background & career (7:58) - Edgecamp Sporting Club (10:35) - The evolution of the STR asset class (14:48) - Luxury vs. Experience (18:41) - Richard's ground-up approach to development (22:40) - Cost-basis investing (28:11) - Zoning rights acquisitions strategy (33:01) - Great things aren't easy (36:45) - Thoughts on the Multifamily Asset Class  (41:50) - Adam Neumann entering the MF space (45:42) - Richard's work building Workforce housing (50:38) - Richard's growth plan over the next decade (56:07) - Swell (57:49) - What would you tell your 25-year-old self about building a great life? (1:06:10) - Luck, humility, and finding satisfaction in life (1:15:31) - What's one thing you're looking forward to right now? (1:18:56) - Where can people find you online?

Short-term rentals are an asset class many passive investors have not yet invested in. This emerging asset class presents unique opportunities, deal structures, and deal structures. Join Jim Pfeifer as he talks to serial entrepreneur, real estate developer, and experiential hospitality expert Richard Fertig about the asset class everyone is talking about, but few are investing in: short-term rentals. Richard is the Founder of Stomp Capital LLC and Short Term Rental University. Listen in as Richard talks about learning how to look for the best alternative assets, staying away from the crowded trades, and having the mindset that missing out is okay, but losing money is not. He explains how obstacles can be opportunities and by going through them, you can often maximize your success. Discover the short-term rentals asset class today!  To see the full show notes and transcript, click here. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know, like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investors' Community.Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

In this Topical Tuesday's episode, I spoke with Richard Fertig, who is the founder and Chief Investment Officer of Stomp Capital, and he also teaches investors about real estate through his YouTube channel, Short Term Rental University Be sure to tune in if you're interested in learning about: How he got his investors out of the Madoff ponzi scheme during his former career, and the due diligence learnings from that experience Why he believes that the market is mispricing the risk associated with short term rentals Why zoning is of critical importance to the success of an STR investment Whether consumer demand is softening, given the current market conditions and the types of STR properties most impacted The different ways that investors can participate in the STR space, and what makes the most sense given the profile of the investor To your success, Tyler Lyons Interested in investing in ATMs? Check out our webinar.   Please note that investing in private placement securities entails a high degree of risk, including illiquidity of the investment and loss of principal. Please refer to the subscription agreement for a discussion of risk factors. Tired of scrambling for capital?  Check out our new FREE webinar -  How to Ensure You Never Scramble for Capital Again (The 3 Capital-Raising Secrets). Click Here to register.   CFC Podcast Facebook Group

One of the hardest things to do is admit you are wrong, or made a mistake? It's hard on our identities and our egos. But, as our Everyday Innovator guest, Richard Fertig, shares with us, admitting you are wrong pays off ten fold. He also digs deep into his strategy for building a global lifestyle. Richard also talks very honestly about the highs and lows of finding a new job after the 2008 crash and how his exciting ride on Wall Street put him in uncharted territory. Richard also shares his approach to getting unstuck with includes asking, "How do I move towards what I want?" not "How do I get away from that?" He also shares how he's always willing to be wrong, even rewards it and why having the right metrics of success will keep you from getting trapped chasing the wrong goals. Richard's Everyday Innovator style: Risk Taker Instinctual Connect with Richard on LinkedIn Check out Howdy Puppy Use code ‘Tamara' at checkout for discount Discover your Everyday Innovator Style Everyday Innovators Online Facebook Group Innovation is Everybody's Business Book

Richard Fertig, Founder of Stomp Capital, is an innovative Real Estate Developer focused primarily on the Short Term Rental market, creating branded experiences to delight raving fans with his signature “modern hospitality”. Richard shares his proven strategies that continue to bring him financial success with his 59,000+ YouTube followers and 45,000+ Facebook Group members subscribed to Short Term Rental University. This episode is a Masterclass on how to win BIG in STRs and why it might be the best trade in Real Estate. Richard shares a lesson on vacancy risk & underpriced zoning, how he selects a location and builds pricing power and how he built his worldview on risk/reward at Blackstone. Plus a wild story about Bernie Madoff. Enjoy!  Follow Chris on Twitter: www.Twitter.com/FortWorthChris  Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/  Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com (02:41) - Richard's career and his journey into STR's (9:07) - Do you have a filter for what you're going to look for when handed a pile of money and told to “go find value”? (12:29) - Firing Bernie Madoff (17:42) - What are some immediate red flags you key in on when raising capital? (19:18) - Why STR's? (Short Term Rentals) AIRDNA (25:10) - Where are these lenders and capital providers? Host Financial SomeHotelGuy on Twitter (28:32) - Who fits into the customer category for the STR space? (32:03) - What predictions do you have for this space in a decade? (36:40) - Building Edgecamp Sporting Club in the Outer Banks (51:39) - What zoning matters and how do you get comfortable? (1:03:35) - What should the average STR owner be thinking about with ordinance? (1:05:35) - Mispriced Zoning in The Hamptons (1:09:15) - How are you managing your properties? (1:12:48) - Are you hiring 3rd party consultants when you're cultivating the experience? (1:14:14) - How are people finding and booking your properties? How do you think about the risk from 3rd party booking agencies eating into your margins? (1:18:03) - What matters to you in a market when thinking about experiences? (1:22:54) - How are you structuring your deals? (1:24:33) - Are you building your own tech? (1:25:54) - How do you think about cash flow streams when your properties tend to be seasonal? (1:29:10) - Final Thoughts (1:31:57) - How can people find you? Twitter - @ImRichardFertig YouTube -STR University Facebook - STR University Stomp Capital The Fort is produced by Johnny Podcasts

Richard Fertig is the Founder of Stomp Capital and is the creator of Short Term Rental University In this conversation, we discuss everything around short term rentals. Richard helps to break down the real estate market and how you can get started today in this emerging asset class. This is a masterclass in learning all about why short term rentals are the future of real estate investing. ======================= Mode, UK Fintech app, allows you to buy, earn and grow Bitcoin, all in one app. Not only is it a secure app to buy & hold Bitcoin, Mode allows you to pay & receive up to 10% Bitcoin Cashback from its growing list of online partner brands.   Available on the App Store and Google Play. Download Mode at modeapp.com and set up your account to be in with the chance of winning ONE WHOLE Bitcoin. Offer ends Jan 31, 2022. Only available in the UK. ======================= My friends at Coin Cloud will give you $50 in FREE Bitcoin when you buy $200 or more at any of their 4,000+ machines. Use promo code POMP to get your free Bitcoin. For details or to find your nearest Coin Cloud machine, visit www.Coin.Cloud/Pomp   Coin Cloud has been serving customers since 2014 and has established itself as the world's leading digital currency machine (DCM) operator. More than just a Bitcoin ATM, Coin Cloud machines make it easy to buy and sell Bitcoin and 30+ other digital assets with cash. To find your local ATM and get $50 in free Bitcoin, visit www.Coin.Cloud/Pomp ======================= Fundrise is largest direct-to-investor real estate investment platform out there, giving you the opportunity to achieve upside of an asset class previously reserved for institutions and high net worth individuals. That's right, Fundrise is making high-end private market real estate investing accessible to everyone via an easy-to-use, automated platform. See for yourself how over 190,000 investors have built a better portfolio with private real estate. It takes just a few minutes to get started with as little as $10. Go to Fundrise.com/Pomp today and, for a limited time, get $10 when you place your first investment. That's Fundrise.com/Pomp =======================

Don't Compete! Become Comfortable Being UNIQUE by Richard Fertig

Airbnb hosts: Are you ready for STR 3.0? by Richard Fertig

Start your day right. Delegate everything. And, GROW! by Richard Fertig

Richard Fertig is the founder of Short Term Rental University, former manager of a $4.5B hedge fund, and has been in real estate for 23 years. The first and most important step to living a high quality life is mindset, which Richard talks about in detail in this episode. Being optimistic about the future is extremely important in this line of work and opens more doors than any other skill set. We follow Richard's impressive journey from Ivy League school, to hedge fund manager, to founder of a successful transportation company, to short term rental investor, to Bitcoin advocate. Listen in for his take on where the stock market is headed, where real estate is headed, and what to make of the new asset class known as crypto currencies.His in person short term rental investor summit is almost full, if you are interested in attending this year here is the link https://geni.us/Xo7a.If you need help finding the perfect location or your ready to invest in commercial real estate, email us at podcast@leadersre.com. Sign up for a FREE vulnerability analysis and lease renewal services View our library on apple podcasts or REUniversity.org.Connect on Facebook.  

Need a vacation, but don’t think you can afford it? Invest in short-term rentals to spend time relaxing with friends and family to realize that life goes on. However, Airbnb-style investing isn’t for everyone. Unless, you know how to do it right and treat it as a business.  Today, Clint Coons of Anderson Business Advisors talks to Richard Fertig, founder of Short Term Rental University (STRU).  Richard provides insight to overcome challenges that make short-term rentals create cash flow. They’re supposed to be a value add to your life and income, not a distraction. Highlights/Topics:  Why start STRU? Out of frustration with the Airbnb platform. What is your personality type and approach? Hands-on or outsource and automation. Why short-term rentals? Single largest rate of return out of all real estate investments. Would you stay there? There are properties/places all over that are desirable locations.  Is there competition? Narrow niche to charge a premium and be unique, not generic. What about reviews? Trust feedback from peers; guests rate hosts, hosts rate guests.  Is it a way to make easy money? Depends on location, location, location.  How has COVID impacted rentals? If you're in the right location, you can have the best year yet. Where are the best places? Places off the beaten path or on people’s bucket list. What are the general guidelines? Depends on budget; the same number of baths/bedrooms.  What are the common mistakes to avoid? Find something interesting, and then price it at a premium. Attract your tribe to be much more profitable.  Don’t invest in condos where 300 other people are competing against you. Don’t view occupancy as a Key Performance Indicator (KPI).      Resources YT Playlist with Best Videos for STR Hosts Starting Their Journey https://geni.us/cYwzHGy STRU YouTube Channel https://www.youtube.com/struniversity STRU Facebook Group https://www.facebook.com/groups/113927182423791/ Airbnb https://www.airbnb.com/ VRBO https://www.vrbo.com/ AirDNA https://www.airdna.co/ Clint Coons https://andersonadvisors.com/clint-coons/ Anderson Advisors https://andersonadvisors.com/ Anderson Advisors Tax and Asset Protection Event https://andersonadvisors.com/asset-protection/ Anderson Advisors on YouTube https://www.youtube.com/channel/UCX5nh607M8hSBLiMB9MgbIQ

Should Airbnb hosts leave their calendar open year round? 6 months? In this podcast Richard Fertig and Erika Bossi answer the questions - how far in advance should you open your calendar?Links

 Big Ballers, City Regulations, and Negotiating New Deals In this episode Matt and Noble pick the conversation back up and answer more questions about:Market SaturationThe "Big" PlayersCity Bans & RegulationsHotel Industry LobbyingProperty Acquisition Case Study...and much more! Takeaways, Tools, and Tips: The key takeaway for this episode is to take advantage of various channels and resources to learn more about short term rentals. We truly believe in the value of sharing other people's content so we'll drop a few links to help our listeners who are interested in this business! Short Term Rental TrainingCashflow Diary w/ J Massey (https://cashflowdiary.com/)Short Term Rental Profit Academy w/ Eric Moeller (https://www.strprofitacademy.com/)Short Term Rental University w/ Richard Fertig (https://www.str.university/)Airbnb Automated w/ Sean Rakidzich (http://airbnb-auto.com/)BnB University w/ Chi Ta (https://thebnbuniversity.com/)  Got questions?  We're happy to help! Send your questions to podcast@hospitalitycashflow.com and we'll answer them on our next episode! CONNECT WITH US!Facebook Group: https://www.facebook.com/groups/HospitalityCashflow/Instagram: https://www.instagram.com/shorttermresidences/Facebook Page: https://www.facebook.com/ShortTermResidences/YouTube: https://www.youtube.com/channel/UCUZIRP7eG4_x3UHOSzs99xw/LinkedIn: https://www.linkedin.com/company/short-term-residences-llc/Twitter: https://twitter.com/ShortTermResLLCWebsite: https://shorttermresidences.com ABOUT THE HOSTS:Matt Anices (https://www.instagram.com/mattanices/) is the CEO of Anices Capital, a multifamily investor with years of experience in property management and sales & marketing. A native of California, he and his wife, Alicia, and three kids now call Texas home.Noble Crawford (https://www.instagram.com/noble.crawford.3/) is a Principal Partner at Short Term Residences LLC. His background in technology, hospitality, and sales & marketing brings over 20 years of experience to his daily hustle. His wife, Elkie, and three sons along with his passion for helping others, make his life complete. PROUD SPONSORS:Short Term Residences provides accommodations for business and destination travelers in Texas. We provide fully furnished apartments and executive housing. Our locations and amenities give thoughtful consideration to the unique needs of our corporate clientele.Experience exceptional accommodations to help you relax and refresh while you’re away from home. Premium bed, bath, and kitchen amenities are featured in every unit. Easy access to major highways, airports, public transportation, restaurants, shopping, major corporations, sports venues, hospitals, and universities.We make work, play, and everyday living more enjoyable by providing the technology and entertainment to get the job done or just have fun!Have a property that you want to generate cash flow? Email us at info@shorttermresidences.com or visit https://shorttermresidences.com/partner/ for more information on our Vacation Rental & Property Management Services.

Episode 50

Episode 51

The STRU PodcastAirbnb Tax Secrets + Short Term Rental Asset Protection | STRU Podcast 011 by Richard Fertig

The STRU PodcastUsing Mindfulness to Achieve Peak Performance | STRU Podcast 005 by Richard Fertig

Some people say that Richard Fertig skies more than he works. But for those who know him, there’s no doubt he’s working constantly – his brain never really turns off. Richard is the CEO of multiple businesses including Brilliant Transportation and LifeZaver. He even runs an online educational company, Short Term Rental Secrets, that educates about short term rentals on ... Read More The post 210. Focusing on the Important Things with Richard Fertig appeared first on Must Amplify.

Some people say that Richard Fertig skies more than he works. But for those who know him, there’s no doubt he’s working constantly – his brain never really turns off. Richard is the CEO of multiple businesses including Brilliant Transportation and LifeZaver. He even runs an online educational company, Short Term Rental Secrets, that educates about short term rentals on ... Read More The post 210. Focusing on the Important Things with Richard Fertig appeared first on Amplify Agency.

Some people say that Richard Fertig skies more than he works. But for those who know him, there’s no doubt he’s working constantly – his brain never really turns off. Richard is the CEO of multiple businesses including Brilliant Transportation and LifeZaver. He even runs an online educational company, Short Term Rental Secrets, that educates about short term rentals on ... Read More The post 210. Focusing on the Important Things with Richard Fertig appeared first on Bond Appetit Personal Chef Services.

Richard is a air BNB Super Host and is holding an must attend Webinar  Webinar: https://go.shorttermrentalsecrets.com/webinar-registration-14590361   55 Day Epic Journey: www.richardfertig.com -- click on Epic 55 Day Journey    YouTube: www.youtube.com/shorttermrentalsecrets   Instagram: imrichardfertig       Shares Real Stories of Real People, Changing the World: Through Inspirational Moments, Breakthroughs, and Entrepreneurship.   To Subscribe to our Youtube Channel:  https://www.youtube.com/user/codiedoginteractive?sub_confirmation=1   Facebook - FIVE Minute Bark:  https://www.facebook.com/dennislanglais   Facebook - Dennis Langlais: https://www.facebook.com/5minutebark   Twitter: https://twitter.com/dennislanglais   Website: http://fiveminutebark.com   iTunes: https://itunes.apple.com/us/podcast/five-minute-bark-podcast/id969280897?mt=2   Google Play: https://play.google.com/music/listen#/ps/I3l2vjdoam6ngtimuokiwwwgju4   Testimonials: https://www.youtube.com/playlist?list=PLHFrChbniQ3Ridu6FwlwSPBjNie63lxsV Video Trailers: https://www.youtube.com/playlist?list=PLHFrChbniQ3SGHp9jXhQhzUkFcomT7-v3  

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