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

ChatGPT AI (artificial intelligence) has more than 100 million users within the first two months of its launch and more than 13 million daily visitors making it the fastest-growing consumer application in history. But often, when these new tools come out, people sit on the sidelines, waiting to determine if it's right for them. Recently, everywhere I've turned, it seems every business owner I've s...

I lived in Barcelona for two years. One reason why Spain is a great place to visit is its affordability, as highlighted by a three-course meal with wine for only 10 euros. But that's not the only thing that makes Spain a wonderful country. Its diverse culture, rich history, and breathtaking landscapes are just some of the many reasons to explore this beautiful country.   However, beyond all t...

Airbnb's Q4 2022 earnings report showed a 35% revenue growth over the past six months, indicating a strong travel industry recovery after COVID.   The numbers surprised investors and disproved claims of an "Airbnbust." Only 21% of property managers on the Transparent platform saw fewer bookings out of over 275,000 short-term rental listings worldwide.   Bottom Line: there is NO BNBbust!...

Not only is sustainability important from an environmental perspective, but it’s also a growing trend in the travel industry. According to studies done by Booking.com and Expedia, about 80% of people consider the values of a property to be a factor in their booking decision.   When booking, travelers are beginning to research whether properties are using green cleaning products, reducing sing...

"We're delivering what a host needs, not what a host wants."   Being a short-term rental host can be a demanding and stressful experience.   Growth without a plan can cause you to work around the clock, sacrificing your evenings, weekends, and even holidays to attend to customer service and maintenance issues.   With all of that going on, it's easy to get bogged down, become a hecti...

 The COVID-19 pandemic has profoundly impacted how we live and work, and one of the most significant changes has been the rise in remote work. This has resulted in increased travel by digital nomads who can work from anywhere, increasing the popularity of short-term rentals. This shift has also brought attention to the affordable housing crisis, leading to stricter regulations on short-term r...

Are you ready to grow your short-term rental brand, but the restrictions being put into place in cities across the country to limit the number of Airbnb’s keeps you from making any traction?   What if there was a way to unleash the full potential of your STR brand without running into asset-class regulations?   On this episode of "Get Paid for Your Pad," Eric and I share the potential fo...

So, you’re looking to buy a short-term rental property but nervous about its potential to make money.   What if you could buy a STR that’s already doing well on Airbnb?   Alex Breen is Founder of BnB Buyer , a biweekly newsletter and website where you can find existing short-term rental properties that are on the market.   On this episode of Get Paid for Your Pad, Alex joins me to e...

Over the years, there have been a lot of changes in the Airbnb model. What started as people renting out a room in their home has become an industry with over 5 million active listings worldwide, hosting half a billion guests a year.   People have realized that true wealth is built through real estate ownership.   But how do you generate the cash flow you need so you can scale?   On...

Blockchain was introduced in 2008 as part of the model for Bitcoin.   And while several STR projects have come and gone in the years since, we have yet to see any concrete implementation of blockchain technology in the short-term rental space.   Then again, the first web application launched in 1981, but the internet didn’t gain traction until the mid-1990’s.   So, is blockchain tec...

#BNBBUST has been trending on social media since the fall of 2022.   But does the slight downturn in the short-term rental market really indicate a bubble about to burst?   On this episode of STR Conversations, Eric and I continue our discussion of what we learned in 2022, explaining why we’re all-in on short-term rentals regardless of what the YouTube gurus say.   Eric shares his c...

More people are living a digital nomad lifestyle or working remotely while on the go making Wi-Fi connectivity front of mind to make those vital business connections and close deals.   Plus, more people are investing in family travel experiences, and at the end of a day of adventures, they want to come together to unwind by streaming their favorite TV shows or movies.   All these things...

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As short-term rental hosts, we don’t expect bad things to happen at our Airbnbs.   Jennifer Lawyer didn’t either. But just 30 days after she’d purchased a hotel in the Ozarks, disaster struck, threatening the health and safety of her guests.   What can you do to prevent something similar from happening at your STR properties?   Jennifer is Cofounder of SoulSTR, a short-term rental m...

2022 was a record-breaking year for the Get Paid For Your Pad podcast, with 99 new episodes! Do you have a favorite? Which one do you think was the most downloaded podcast of 2022? Today for the first Get Paid For Your Pad podcast of 2023, I thought it would be fun to share the show's record-breaking stats and let listeners know which episodes were the most popular of 2022. I'll share the top podc...

What does it take to build and manage Europe's largest residential management platform, managing a portfolio of varied asset classes?   Today on the show, my guest is Will Parry, the CEO, and Director of ALTIDO . ALTIDO, which stands for 'a life that I dream of', is the largest short term rental company in Europe, with asset classes that include Airbnbs, serviced apartments, hotels, stately h...

Where'd you get most of your STR bookings this year? What challenges did you face in managing your business? Was there something that stood out that made things easier or something that you thought was a real pain?   As we're nearing the end of the year, it's a great time to take a moment and take stock of what worked and what didn't in your short-term rental business this year.   It's a...

As COVID restrictions eased, 2021 proved to be a record year for most short-term rental markets. But did the trend continue in 2022?   Which markets performed better this year? Which markets got softer?   And what can Airbnb hosts expect in 2023?   On this episode of Get Paid for Your Pad, guest cohost Anurag Verma, Cofounder of PriceLabs , joins me for a recap of the short-term ren...

Reputation used to be the cornerstone of a brand, but now it's all about trust. Airbnb is great at doing trust marketing. People who go to Airbnb already trust the Airbnb brand, and they're looking to book. Now they are trying to determine WHO to book with. And that's where building your brand trust is crucial. You could be losing 50 bookings a year just because your profile isn't on point—and it'...

The Liquid Death water brand charges $5 per can. Why are people willing to pay a premium for their product when there are so many other options? The secret is branding. And they’ve built a $700M company by telling a story that stands out from the competition. So, what can you do to be the Liquid Death of short-term rentals? How do you build a strong brand that allows you to charge a higher-than-av...

Every short-term rental property is unique, and each guest values different property features when looking to book. Add to that travel trends are shifting quite dramatically right now, and it can be a gamble to rely on the data alone to set your pricing. So how can you use the data to increase your revenue without increasing your risk?   John An is the Founder & CEO of TechTape , the Foun...

We wish every stay would be perfect and every guest would check out ready to leave a 5-star review and secure their next stay.   But this is the real world, and every host will eventually face a problem with a guest's stay.   From a piece of equipment breaking down to another guest making it impossible for everyone to enjoy their stay, challenging situations come up that no one wants to...

These days safety, security, and ID protection are paramount to everyone. That becomes even more important when booking the properties you've worked so hard to create or when you're in charge of someone else's investment. Risk management has become vitally important in the short-term rental industry. Leo Walton is the Co-Founder of Superhog , a company that enables a growing ecosystem of hosts, op...

Airbnb wears two hats in their business, catering to the guests on one side while trying to remain fair and inclusive to the hosts on the other. Often, they lean towards updates that are more geared towards guests, and the hosts have taken notice, and many have spoken out. And Airbnb has responded with the 2022 Winter Release by focusing the updates on making it easier to become a host and stay a...

The internet is vast, with more and more social channels popping up and more people jumping into the short-term rental space.   Getting the right eyes on your Airbnb properties for more bookings can take time and effort.   So how can you get your properties to stand out in the field?   By becoming the #1 expert in your market.   Dave Cordner is the owner of Central Belfast Apar...