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Get Paid For Your Pad is the definitive show on Airbnb hosting, packed with tips & tricks on how to improve your Airbnb listing as well as real life experiences from Airbnb hosts from all around the world. See acast.com/privacy for privacy and opt-out information.
 
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The Short Term Rental Profits Show

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The Short Term Rental Profits Show

Air DNA, Homee, InvitedHome, Garrett Sutton, Vacation Rental Management Ass

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Navigate the rapid rise of short term real estate investment properties with the SHORT TERM RENTAL PROFITS podcast. Airbnb and VRBO have created new opportunities for savvy income property investors to increase cash flow and maximize ROI. Listen to SHORT TERM RENTAL PROFITS and learn how to identify the best markets to invest in as each city offers unique ratios of risk and profitability. Learn how property managers can simplify the experience for investors and how you can leverage dynamic p ...
 
It is an undeniable fact that investing is a dirty niche with a massive amount of expertise required. So how can you find practical techniques to get your investments to the next level? Here is my story: I went out to a hookah lounge, asked people why they hated investing and what was holding them back from reaching financial confidence(freedom). Their responses were shocking! I really wanted to know why the middle class will never be rich. At 3:27 PM, I discovered best excuses that hold us ...
 
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show series
 
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…
 
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 …
 
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,…
 
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…
 
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 …
 
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…
 
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 McNu…
 
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 Hostful…
 
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 …
 
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 fou…
 
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 …
 
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 studen…
 
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 look…
 
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 th…
 
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 market…
 
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 seconda…
 
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.…
 
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 impro…
 
Craig Westaway took over the management of a luxury short-term rental property on July 1, 2020. And in one month, he made more than the previous operator did in all of 2019. Craig is the Cofounder and CEO of Bnbbooking, a high-end STR management company out of Gold Coast, Australia. On this episode of Get Paid for Your Pad, Craig joins me to explai…
 
Short-term rental hosts asked... And this week, Airbnb delivered, announcing 50-plus upgrades to the platform in its 2021 Winter Release. So, what are the most important updates? And how do they impact you and your STR business? On this episode of Get Paid for Your Pad, Eric and I share our top takeaways from Airbnb’s Winter Release, describing how…
 
Are you looking to scale your Airbnb hosting business? If so, you need to hire an operations manager sooner rather than later. David Golshan is the founder of StayWithDave, a short-term rental business out of Los Angeles, California. He started hosting on Airbnb seven years ago, growing a portfolio of 50 units through rental arbitrage. Forced to do…
 
When Eric and I bought the existing Airbnb business at Strawberry Creek Village, the previous host didn’t use any technology tools at all. Running the community as a traditional vacation rental, she tracked bookings with pen and paper, texted the cleaner personally and physically plugged in and unplugged the outdoor lights herself each day. On this…
 
If you manage listings remotely, operations can be a challenge. With no supervision, how do you maintain quality control? How do you make sure that your cleaners and maintenance workers are meeting expectations? David Golshan is the entrepreneur and real estate investor behind StayWithDave, a short-term rental business with properties in Los Angele…
 
Today, Eric and I are focused on buying property and building a hospitality brand. We also run a Short term rental mastermind as well as the Legends X coaching program. We started just like everyone else, hosting a single property on Airbnb. And the reason why we can teach at such high level is because we’ve been through it all; Run into challenges…
 
Short-term rental operators understand that technology helps automate certain aspects of our hosting business, saving time and streamlining our operations. But there are few tools that smaller Airbnb hosts can afford. So, what is the ideal tech setup for STR hosts with five units or less? Henry Bennett is the Cofounder and CEO of YourWelcome, a gue…
 
As Airbnb entrepreneurs who help people start and scale their own short-term rental companies, you may be surprised to hear that, right now, we don’t think you should start a STR business. You should buy one. There's value creating your own hosting business. If you’re brand new to the industry, it’s a good place to start. But if you’re an experienc…
 
As short-term rental hosts, we ALL want to build a listing that stands out from the competition. And we know that having the right photos is crucial in getting prospective guests to book. But what if you’re not a professional photographer, and you don’t have the money to hire one? Can you still take gorgeous listing photos if it’s just you and your…
 
In a recent interview with Skift CEO Rafat Ali, Brian Chesky predicted a near-future revolution in travel. A revolution that presents a big opportunity for short-term rental hosts. As more companies offer employees the option to work remotely, Chesky believes people will take advantage of the flexibility to travel. This will increase demand for STR…
 
If you want your guests to delight YOU with five-star reviews, return visits and referrals, then you need to delight them first by delivering the unexpected. But what, exactly, does that look like? How can Airbnb hosts WOW their guests in every step of the short-term rental journey? J.T. McKay is the author of Airbnb on Autopilot: Save Time and Boo…
 
It’s your job as an Airbnb host to understand the struggles your guests might face and set them up for success. But what if your guests are international tourists who don’t speak the local language? How can you create a multilingual short-term rental to serve guests from anywhere in the world? Tracey Northcott is the Founder and Owner of Tokyo Fami…
 
Yes, we learn a lot from personal experience. But smart short-term rental hosts also learn from each other. We take advantage of our peers’ and predecessors’ experiences, implementing best practices from the very beginning. Koryn Okey is the Vice President of Client Experience at Breezeway, the leading property operations and services platform for …
 
On Monday, September 20, the US government announced that it is lifting its Covid-related ban on international travel starting in November. The new rules allow entry for vaccinated visitors from the EU, India, China and 30 other countries deemed high-risk back in March of 2020 when the ban went into effect. So, what does this mean for you and your …
 
Hiring a virtual assistant can be a game-changer for your STR business. But here’s the catch: Your VAs are only as good as your training and your systems. It’s YOUR job to provide clear instructions and offer support as they learn the ropes. So, what can virtual assistants do for your Airbnb business? And what’s the best approach to training a VA t…
 
You might be surprised to hear that the most downloaded episode of Get Paid for Your Pad so far this year is a show about systems. While operations is not the sexiest aspect of running a short-term rental business, it may be the most important. So, what is involved in building out the operations for an Airbnb business? And how does creating systems…
 
Are you still trying to do it all yourself in your short-term rental business? If you’re afraid to be away from your phone even for a few minutes or worried that you forgot to follow up with a guest, it’s time to consider hiring a virtual assistant or two—before you burn out! So, what do you need to know about hiring VAs? How can they help you scal…
 
Don’t think you need a vision for your Airbnb business? If you’re trying to grow a short-term rental company, but you haven’t given any thought to what you want the business to look like, you’re likely to get caught in the trap of trying to please everyone. And in trying to please everyone, you please no one—least of all yourself! On this episode o…
 
Imagine having chemical sensitivities to the cleaning products used in most short-term rentals and knowing that every time you travel, you are likely to get sick. Katrina Papé solves this problem with green cleaning. And in addition to attracting travelers with multiple chemical sensitivities, she feels good about minding the health of her guests, …
 
As we look to predict the future of short-term rentals, it’s useful to look at industry trends. Searches for unique properties on Airbnb grew 94% in the first half of 2021 compared to the same period two years ago. How can STR hosts leverage an understanding of this information to anticipate how travel will evolve and build a business that capitali…
 
So, you’re an Airbnb host in a saturated market. The investment blogs said it would be easy to build a thriving short-term rental business in your area, but you've got a lot of competition. How do you stand out? Can you use design to create a guest experience that sets you apart? Kate Shaw and Betsy Moyer are the cofounders of Retreat Experiential …
 
Many STR hosts have dreams of turning their Airbnb business into a real estate investing company. But what does it look like to buy a property for short-term rental? How, exactly, does the process work? Eric and I are currently in negotiations to buy an existing short-term rental business, including its four Airbnb properties and the land they’re o…
 
George Gammon Speaking at Empowered Investor LIVE ** LIVE ORLANDO CONFERENCE ** Join us for Empowered Investor LIVE: https://www.EmpoweredInvestor.com Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com Jason’s TV Clips: https://vimeo.com/549444172 Asset Protection, Tax Savings & Estate Planning: http://JasonHartman.com/Protect…
 
Savvy short-term rental hosts have pivoted in the last 18 months, shifting their business model to provide family-friendly accommodations that welcome kids and pets for long-term stays. So, what does it look like to set up an Airbnb that works for large families and their furry friends? Legends X Alum Rachel Gainsbrugh is the Cofounder of Short Ter…
 
Airbnb reported revenue of $1.3B for Q2 of 2021, surpassing 2019 numbers for the same period by 10%. And as people get more and more comfortable traveling again, the short-term rental BOOM is likely to continue. So, what can you do to capitalize on this upswing in the vacation rental market? On this episode of Get Paid for Your Pad, Eric and I expl…
 
Not only is airbnb used for vacation rentals, many use airbnb to get a better feel of a city when looking into buying or investing there. What if you could gain real estate clients from an airbnb property that is already bringing you in residual income? Cynthia Tant is a real estate agent and broker out of Pensacola, Florida who owns 3 businesses t…
 
Only 4% of people who buy an online course actually implement the information and get results. But in our STR Legends X Accelerator, we have a 100% success rate. What sets Legends X apart from other online courses? And how can you be part of the unique program? On this episode of Get Paid for Your Pad, Eric and I walk you through the Legends X appl…
 
In the Legends X program, we help students transition from hectic Airbnb host to millionaire short-term rental manager. And in the process, we coaches learn just as much from our students as they do from us. So, what were our top takeaways from leading the first session of our STR accelerator? Legends X Head Coach Julie George started with one Airb…
 
Are you cleaning your own short-term rental units? Responding to guest messages at all hours? Do you have to say no to opportunities to add units because you’re maxed out and just can’t take on any more work? Then you need our free training, From Hectic Host to Millionaire Manager, an interactive event designed to help hosts like you get out of the…
 
The future of travel is in unique experiences. And the more Instagrammable your short-term rental listing, the more likely you are to succeed in the long term. So, what if you could design your space from the ground up, building your own A-frame, log cabin or tree house to rent out on Airbnb? Alex Jarbo is an Airbnb Superhost out of Asheville, Nort…
 
There's a shortage of everything going on in the world today. And even when some things are available, another part of the supply chain is clogged and we can't get the parts we need. Nowhere is this truer than the construction industry. Jason Hartman is joined by Venveo's Zach and Beth to discuss what's actually happening with the supply chain and …
 
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