Get Paid For Your Pad | Airbnb Hosting | Vacation Rentals | STR Revenue Management

The Airbnb industry is evolving, and, with it, so are the visions STR hosts hold for their businesses.   Gone are the days of throwing up any listing and expecting success. The industry has changed. There is a lot more education available, offering new ways for hosts to learn what is possible for them and the business they want.   Before each Legends X Short-Term Rental Accelerator class...

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

You want to drive more bookings for your Airbnb properties at a higher revenue. To do that, you know you need to create experiences that will connect with your guest avatar and are cohesive to your brand. But before you start renovating, you need to understand what the ROI will be and if the money you spend be worth it for your bottom line and the guest experience. So how do you create a budget fo...

Wouldn't it be great to be able to operate your STR business from anywhere while you travel and explore the world? True freedom is being able to operate your business from anywhere you are or feel like waking up in the morning. But is that really possible? And if so, what are the pros and cons? Sean McGregor is the Chief Experience Officer at Stay Work and Play . A digital nomad, Sean loves workin...

Accountability is what drives results in your personal life, for your health goals, for your teams, and especially in your business. Accountability is everything for scaling a business.   It's also one of the biggest things that can hold STR entrepreneurs from reaching their goals.   Most of the hosts we talk to want to grow in their business, but they're stuck in the same spot, experien...

Many companies are shifting their employees to working remotely, allowing many people the flexibility to live more of a nomadic lifestyle.   This has led the 30-plus day stays to become the fastest growing category on Airbnb right now.   But what are the pros and cons? And is it profitable?   Toby Doré currently manages over 20 units in 'Cajun Country' downtown Lafayette, Louisiana,...

2022 is going to be a record year for US short-term rentals. Or is it? On the one hand, the data tells us the STR industry is doing great, while we also see the economic uncertainty, pain at the pump, and an increasing supply of STR units. Plus, there have been recent news reports about some of the big players in the industry going belly up. We're getting mixed signals. So how can we really unders...

Competition is increasing in the property management market. More owners than ever are looking to find the best management company for their property that will also help them improve their ROI.   So how can you, as a management company, help owners make the best use of their properties and enjoy their homes while still making the biggest ROI?   Lisa Stotelmyre is the President of Yellow...

Most STR hosts start the same way, by hosting their own home or renting out an extra bedroom.   But there are 5 stages in the hosting journey.   So, how do you get from owning just one rental to growing as an entrepreneur and scaling your STR business into a successful 2 million dollar a year company?    On this episode of STR conversations, Eric and I share that Legends X Clas...

How do you grow from one rental cabin in the woods to becoming well on your way to being Colorado's premiere boutique portfolio of luxury vacation rentals?   Thomas Barry has worked in the private service industry with very high net worth families, offering high-touch hospitality services for 25 years. He started his STR business Hosting from the Heart , with his wife, Tina, in 2015 after the...

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

One of the biggest challenges of the ownership model is scaling fast. It requires capital, partners, and contractors to keep things going.   All significant challenges, especially when based in a secondary market.   In January 2018, Rob Scarborough went from real estate flipper to accidental Airbnb short-term rental host. His company, Just Like Home Vacation Rentals, based in the Kansas...

Every day through our various programs, Eric speaks with people worldwide running STR businesses, and he always asks them the same 3 questions.   They often don't have the answers because they are too tied up in the day-to-day and unclear about where they're going with their company.   But the answers to those questions could be the difference between a burned-out hectic host and owning...

It's helpful for property management companies to use multiple Airbnb accounts to simplify overseeing numerous properties.   But what are the pros and cons of managing several accounts? And how can you set things up for more autonomy?   Jason Sterner is the Founder and CEO of Southern Homestay, LLC . Since its inception in 2017, Southern Homestay has strived to create exceptional experie...

If you're trying to build a business, you must lead other people. If you're not leading people, you just have a job. When starting out, entrepreneurs often show up with ego, fear, and concern and try to control every situation. But that doesn't solve problems. Your ego might get a win, but you're not actually getting closer to your end goal. So, what is leadership, really? And how can you become a...

Do you want to maximize your Airbnb rental revenue without spending hours adjusting your prices?   As Airbnb hosts, we want to set the best price for our listings to both leverage our income and increase our bookings.   But how do we do that without a lot of hands-on management?   Jeff Breece is the Head of Revenue Management at Beyond , formerly Beyond Pricing. Since 2013, Beyond h...

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

What if you could turn openings on your Airbnb calendar into free marketing?   Jordan Kahana is the Cofounder of Stayamo , a platform that connects STR hosts with social media influencers, allowing vacation rental operators to exchange free stays for promotion from top content creators.   On this episode of Get Paid for Your Pad, Jordan joins me to explore how Airbnb hosts benefit from w...

Things are changing and evolving in the economy, and with rising rents and fluctuation in the real estate industry, it was bound to trickle down into the STR market.   This week Sonder, one of the biggest short-term rental companies in the world, announced it is cutting 20% of its workforce.   On this edition of STR Conversations, Eric and I walk you through Sonder's announcement, their...

In this economy, traveling millennials and more are flocking to destinations based on their desire to fill their social feeds with swoon-worthy pictures from Instagrammable destinations.   Late to the Airbnb game but ready to take the plunge, my guest Jeff Brown, the Co-Founder at Loma Homes , did the research, and the results told them Orlando was the place to be with excellent profitability...

We all have BIG things we want to achieve in our personal lives and our businesses.   But did you know that unless you get clear on what you really want to accomplish, you can get overwhelmed in building your business without ever achieving your big-picture vision?   On this edition of STR Conversations, Eric and I walk you through how to accomplish more in your business and personal lif...

Are you thinking of hiring an operations manager to help scale your Airbnb business?   Before you start interviewing candidates, it’s important to know exactly what an ops manager does and carefully consider whether that’s the hire you need right now.   Aaron Whelan is the Chief Operating Officer here at Overnight Success . He has extensive operations management experience across several...

No matter the size, all business owners have the same challenges, just on a different scale.   And hiring is one of the biggest challenges any leader can take on in their business. When Eric and I started hiring, we looked for one thing, somebody with the skills to complete a task. Since then, we've evolved in our business and how we seek to fill the roles on our team.   On this edition...

Airbnb Summer Release 2022 completely revamped the whole search function at Airbnb.   Last week on the show, Kelvin Mah, the founder of Rankbreeze and an Airbnb SEO specialist, and I talked about these changes, but there just wasn't enough time to get everything in, so we're doing Part II this week.   On this episode of Get Paid for Your Pad, Kelvin joins me for a quick recap of the 8 ch...

We officially hired our first team member for our Freewyld brand! We’ve hired a Virtual Assistant (VA) named Mei who will help us start building our brand. On this edition of STR Conversations, Eric and I share how we worked with a company called Virtual Staff Finder to hire our VA and the process they used to help us find the right Virtual Assistant for our Freewyld team. We share the 3 most comm...