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

As of December 7, 2020, Airbnb hosts who use third-party property management software are required to use Simplified Pricing (unless your listings are in the US, Canada, Mexico, Argentina, Taiwan, Uruguay or the Bahamas). This means there will be no service fee visible to the guest, and the host will pay 15%. So, how can you adjust your pricing to accommodate this new policy? Anurag Verma is the C...

We all know that you can save money by buying in bulk. And most short-term rental hosts do try to negotiate discounts when we purchase multiple mattresses, rugs or couches for our units. But what if you could leverage the purchasing power of, say, 50,000 STR hosts AND have someone else do the negotiating for you? What if you could get up to 75% off the furniture and amenities you need to set up an...

Travel has changed in the pandemic era. While it’s harder to make plans in advance, many are taking advantage of the ability to work from anywhere and driving to nearby sun-and-snow destinations. So, what can we do to learn how our particular market has changed and adjust our pricing to take advantage of these trends? Andrew Kitchell is the Founder and CEO of Wheelhouse , a platform designed to he...

We experienced an unprecedented drop in GDP in 2020 and record unemployment numbers. And yet, the real estate and stock markets seem to be doing fine. So, how do we make sense of this discrepancy? What is the economic outlook for 2021 and beyond? And is now a good time to invest in short-term rental properties? Jason Hartman is the creator of The Empowered Investor and host of the Creating Wealth...

What kind of linens should you buy for your short-term rentals? Should you focus on quality or durability? And how do you take care of the bedsheets and towels so that they last longer? Harold Gonzalez is the Cofounder of EXSTR Apartments , a STR property management company based in Cali, Colombia, where ‘the weather is hot, the drinks are cold and you’re always welcome.’ Harold got his start in h...

Remote work became a reality during the COVID-19 pandemic, and many of us learned that you really can do business from just about anywhere. And now that companies like Twitter and Square are giving their teams the option to work from home even after we return to normalcy, remote employees are looking for a cool places travel and do their work. So, what can STR hosts do to capitalize on this opport...

Guest communication has changed in the COVID era. Travelers have more anxiety right now, and there is a strong need for STR hosts to communicate clearly and be responsive to our guests’ questions and concerns. So, what can we do to build a personal connection with our guests in a socially-distanced world and make them feel comfortable staying with us? David Jacoby is the Cofounder and President of...

2020 was a roller coaster ride for short-term rental hosts. Yes, the COVID crisis presented some very big challenges. But for those of us who stuck it out, the year presented some very big opportunities as well. So, what did STR hosts learn in 2020? And how can we apply those lessons to succeed in 2021? Steven Che Suarez is the Cohost of Live Let Thrive , a podcast about Airbnb and the sharing eco...

To maximize revenue from your Airbnb listing, you have to adjust your pricing based on demand. But how do you identify when you can command a higher nightly rate for your short-term rental and when to keep your prices low? What do you need to know about your market to set your calendar up for success? Andrew Kitchell is the Founder and CEO of Wheelhouse , a revenue management platform that offers...

Last week, we took a closer look at the ownership model for a short-term rental business. But what if you’re not interested in buying real estate and would rather partner with people who already own it? If so, the STR management model is the best fit for you. Logan Humphrey is the Founder and CEO of Cohobnb Properties , a full-service vacation rental property management company in Northwest, Arkan...

The first step in building a short-term rental business is choosing the right business model. Do you want to lease properties and then list them on Airbnb? Would you prefer to partner with owners, managing their STR properties for them? Or are you interested in owning the properties yourself and growing a short-term rental investment portfolio? Tim Hubbard is the Cofounder and CEO of Midtown Stays...

In July 2019, Theron Lewis was in the process of scaling a short-term rental business when he read about a proposed ban on Airbnb in the city of Detroit. And his business life flashed before his eyes. Theron had no prior advocacy experience, but he knew he had to do something. Theron is the Founder of Sharing Detroit , a group of residents, small business owners and community leaders who support t...

Short-term rental hosts know that ranking on the first page of Google results is crucial in driving traffic to a direct booking site. So, what can we do to make sure our page is one of the first few results potential guests see? How can we use search engine optimization, otherwise known as SEO, to get more site visitors and more direct bookings? Vincent Breslin is the Founder of Uplisting , a self...

How to scale your STR Business in 2021 without getting burned out Hosted on Acast. See acast.com/privacy for more information.

Cleaners are an integral part of any short-term rental (STR) business, and their role has become even more vital in the season of COVID-19. So, how do you find and train good cleaners? And how do you manage a growing team of cleaners as your vacation rental business scales? Gosia Cooke is the founder of Coastal Properties Vacation Rentals , the #1 STR management company in Myrtle Beach, South Caro...

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

The pandemic has limited our ability to engage in social interaction. Sporting events and concerts have been cancelled, nightclubs are closed and even restaurants are restricted to a limited capacity. And young people have turned to short-term rentals (STRs) as a party venue where they can meet up with friends and make bad decisions. So, what can you do as a host to avoid these pandemic partiers?...

We know it’s beneficial to have a direct booking website for our short-term rental (STR) business. But having a webpage doesn’t do us much good if no one visits. So, how do you drive traffic to your site and make it easy for guests to book? Erinç Arık is the Cofounder and CEO of Your Porter , the premiere mobile-first property management software for professional STR hosts. The platform’s top feat...

Airlines and hotel chains employ entire teams to determine what their pricing and booking settings should be to maximize revenue. But most short-term rental (STR) hosts don’t have access to the same kind of data, nor do we have the resources to hire world-class data scientists. So, what can we do make more from the properties we manage? Cofounders Andrew McConnel and Cliff Johnson are the CEO and...

In the same way that ‘smooth seas don’t make great sailors,’ a strong economy doesn’t produce great entrepreneurs. And for short-term rental (STR) business owners using the master lease model, the last six months have been a worst-case scenario of rough waters. So, how did Travers Xanthos manage to make it through the storm—and even add boats to his fleet? Travers is the Founder at COMÓ , a STR co...

For short-term rental hosts in urban markets, the last few months have not been easy. So, how do you stay sane in such a stressful time? Mack Owen credits the network he has built through the STR Legends community (and a willingness to pivot) for his ongoing success in the vacation rental business. Mack is the Founder and CEO of Day One Stays , an Airbnb management and luxury corporate housing com...

Are you starting to feel overwhelmed as your short-term rental (STR) business grows? Or maybe you’re just tired of doing EVERYTHING and wish you had a little more time to yourself? Either way, you may want to consider taking on a virtual assistant, or VA, to help. So, where do you go to find a qualified one? And what can you do to make sure your VA has all the information they need to do a good jo...

Top three learning lessons from 350 podcast episodes. We’re not selling a space, we’re selling an experience  The size, #rooms and location don’t drive the price as much as with LTRs and real estate prices  Two completely similar units can make very different amounts of money  Google “most popular Airbnbs,” they are all unique experiences.  Before you start an Airbnb, figure ou...

If your Airbnb listing is a treehouse or a castle, the property itself creates a unique guest experience. But what if your space is a typical, two-bedroom condo? How do you curate a personalized experience that exceeds each of your guest’s expectations? Colin Holowaychuk is the Founder of Vamonosco , a done-for-you solution that generates new bookings and increases revenue for short-term rental (S...

Travel has changed in the season of COVID-19. Short-term rental (STR) guests are looking for a ‘home instead of home’ that they can drive to. Most are looking to escape the city and enjoy nature. And many plan to stay for an extended period and work from the property. So, how can we capitalize on this new guest persona and market specifically to the work-from-home traveler? Eric Moeller is my part...