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

Starting your own short-term rental business is probably not going to be an overnight success. So how can you stay motivated to put time into relationship building when you want to grow your business faster? For Jim Odom, it was an overnight success… after a grueling five-year start up period. Jim is the co-Founder of Unveiled Vacation Rentals and runs a property management company, Unveiled Short...

Networking. Cold calling. Search engine optimization. There are a lot of ways to build your short-term rental business, but how can you succeed in B2B marketing without breaking the bank? On this episode of Get Paid for Your Pad, I sit down with Kimberly Thomas, Founder and CEO of Roam Vacation Rentals , to learn about her experience taking her Airbnb side hustle to the next level by starting her...

How should you plan for the growth of your short-term rental business? How do you keep your guest connections personal and successfully scale your business? Is it too late to get into the property rental game?   Fresh off a very successful training course, “More Listings, Higher Profits,” Eric and I take the opportunity on this episode of Get Paid for Your Pad to discuss some of the extra que...

The most important thing to consider when making a real estate investment is location. Location not only determines the daily revenue of your property but also the long-term scalability. With over 10 years of experience in online marketing with startups and having built a travel tech startup through a global pandemic himself, Marcus Räder has found time and time again that location is the biggest...

Completion rates for online courses are as little as 4%. The Legends X Short-Term Rental Accelerator has not only a 100% completion rate but also a 100% success rate! What sets Legends X apart from other courses? How can it transform your short-term rental business? On this episode of Get Paid for Your Pad, Eric and I celebrate the opening of our third Legends X Short-Term Rental Accelerator, shar...

Most Airbnb operators would love to buy our own properties. But it’s challenging to get a traditional mortgage for a short-term rental and very few of us have high-net-worth investors in our networks. So, where can we go for funding to grow our STR portfolio?  Derrick Barker is the CEO of Nectar , the marketplace for real estate cashflow. Derrick and his team allow experienced, professional S...

The short-term rental industry has grown so much and so fast over such a short period of time. Now, more than ever, many people are trying to grow a short-term rental business and are running into the problem of understanding what to do, what they need to have implemented and when. Before you can understand where you want to go with your business you have to identify where you’re at now.  So,...

In the beginning of 2020, Tia Castle had numerous masterleases but quickly found herself in quite the dilemma when she had no bookings due to the pandemic. During this time she knew she had to make a change, and a big one. Fast forward to today, Tia now manages family-friendly homes in Florida and runs CastleLux Rentals where she helps investors in their journey with vacation rentals. So, how did...

People tend to strictly focus on scalability but we have to work backwards and focus on the vision, the brand and feedback to continue to improve it. Without that, things fall apart.  So, what will really scale your rental business? And what can you do to maintain that growth in 2022? On this episode of Get Paid for Your Pad, Eric and I explain why focusing on scalability is not profitable on...

In the summer of 2021, Matt Durian was the epitome of a Hectic Host, running around like a chicken with its head cut off to keep up with the demands of managing several short-term rental listings. Matt and his wife Bruna were overwhelmed and didn’t have the bandwidth to add any more properties to their portfolio.  But fast forward just a few months, and Matt is much less stressed. He’s added...

Airbnb had a record-breaking Q3 in 2021. And based on current economic and cultural trends, we think the short-term rental industry is in for an even bigger year in 2022. So, what is going on in the world that influences your STR business? And what can you do to capitalize on these trends and have a record-breaking year of your own? On this episode of Get Paid for Your Pad, Eric and I explain why...

There is a surprisingly high demand for short-term rentals in and around military bases—and a lack of inventory. But can you build an Airbnb business that caters primarily to military families? And how do you market to such a specialized niche? Peter Shull serves as Business Development Manager at Patriot Family Homes , a veteran-owned and operated business that offers affordable short-term and va...

The partnership between Eric and I began three years ago when I suggested we start a short-term rental mastermind.  Since then, we’ve built out the Overnight Success short-term rental training business and launched the Freewyld hospitality brand.   And in order to keep growing and crushing our goals for these joint ventures, we make time to reflect on what’s going well and what we w...

The pandemic initiated a boom in the staycation market, creating an influx of new Airbnb users and a demand for contactless check-ins. So, how do we communicate clearly with our guests when they’re new to the platform and we can’t meet them in person? What can short-term rental hosts do to up our game when it comes to guest communication? Andy McNulty is the Cofounder and CEO of Touch Stay , a sof...

2021 has been a unique year for the short-term rental industry.  David Jacoby is the Cofounder and President of Hostfully, an all-in-one property management platform that helps STR hosts embrace automation and deliver an exceptional guest experience. On this episode of Get Paid for Your Pad, David joins me to share his top takeaways from the Hostfully 2021 Hospitality Report , exploring where...

How do you set up a new Airbnb listing to earn a profit right away? Kelvin Mah is the Founder and CEO of Rankbreeze , the premiere Airbnb optimization toolkit and rank tracker. Rankbreeze offers software and services to help STR managers improve search visibility and conversion on Airbnb. On this episode of Get Paid for Your Pad, Kelvin joins me to share his five-step framework for faster profits,...

At the end of each session of Legends X , we ask our students for feedback around what aspects of the program were most beneficial. And the takeaways for this cohort were much like that of our first student group.  On this episode of Get Paid for Your Pad, Eric and I go over the feedback from our latest group of Legends X students, describing the four aspects of the course they found most val...

What is the best way to create long-term wealth? As Airbnb hosts, we can leverage our expertise running a short-term rental business to acquire properties of our own.  But what does it look like to buy a STR property? How, exactly, do you finance a purchase like that? Juan Carlos Morales is the serial entrepreneur and Airbnb investor behind Capital Jetset , a beachfront vacation rental compan...

Is scaling your Airbnb business on your list of goals for 2022? Then the next session of our Legends X program may be right for you. On this episode of Get Paid for Your Pad, Eric and I sit down to reflect on the 2nd Legends X class, describing what we’ve learned about the STR industry from coaching hosts around the world. We explain how our students benefited from the program discussing what gave...

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...

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...

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...

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. Pl...

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 try...

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...