Get Paid For Your Pad | Airbnb Hosting | Vacation Rentals | Apartment Sharing

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes>>> Click here to downloadIn today's episode of Get Paid for Your Pad, I had the pleasure to talk to Heather Loduca & Erin Donnelly, the founders of Pink Wall Designs, straight out of Canada. They are not only seasoned in interior design for short-term rentals and boutique hotels but also investors themselves, owning properties that stand as testaments to their expertise. The focus of our conversation revolved around the critical importance of interior design in the increasingly competitive Airbnb and short-term rental market. Design, as we explored, isn't just about aesthetics; it's crucial for marketing, creating memorable guest experiences, and ensuring your property stands out in a sea of options.Aaron and Heather shared insights on making properties Instagrammable, leveraging social media for direct bookings, and the

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes>>> Click here to downloadIn today's insightful episode of "Get Paid for Your Pad," I had the distinct pleasure of discussing the evolving landscape of the short-term rental industry with Zohar and Eran Lotem, the dynamic sibling duo behind 5 Star STR. Their journey from various entrepreneurial ventures to leaders in the short-term rental space is not just a business story; it's a narrative of resilience, adaptability, and a deep understanding of what it takes to create exceptional guest experiences.Zohar and Eran, seasoned entrepreneurs, have a rich history of ventures spanning from retail operations across notable locations such as the Las Vegas Strip, California, Hawaii, and the Virgin Islands to unique forays into the fashion and CBD cosmetics industry. The transition to short-term rentals post-2016 marked a significant tu

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes>>> Click here to downloadIn this episode of "Get Paid for Your Pad," I, Jasper Ribbers, engage in an insightful conversation with Madison Rivkin, founder of Mount. We delve into the concept of Mount, a platform revolutionizing the guest experience in short-term rentals. Focusing on how travelers book experiences, Mount connects local businesses offering diverse activities like brewery tours or rafting trips, making them easily discoverable online.Madison explains that Mount allows hosts and property managers to curate and offer a personalized list of experiences through their platform, enhancing guest satisfaction. For instance, a host in New York City could recommend an underground foodie tour in Chinatown or a donut tour in West Village. Each host creates a mini marketplace with a unique URL, which they can share with guest

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes>>> Click here to downloadIn this episode of "Get Paid for Your Pad," I welcomed Connor Paton, CEO and founder of Noshable, to discuss his innovative company that's enhancing the Airbnb experience. Noshable's service allows guests to pre-order groceries and have them ready in their Airbnb rental upon arrival. This service tackles a common inconvenience for travelers: arriving at a rental with no basic necessities like food and water.Connor shared the journey behind Noshable. The idea stemmed from personal experiences of inconvenience when arriving at unfamiliar destinations and the time-consuming process of grocery shopping. This led to the development of a platform where guests could effortlessly have their groceries delivered and stocked before they arrive. Connor’s background in property management and prop tech, including

*** FREE REVENUE MANAGEMENT TRAINING***DATE: TUESDAY DECEMBER 12TH 1PM PST / 4PM ESTSIGN UP AT: https://www.getpaidforyourpad.com/webinarIn today's episode of "Get Paid for Your Pad," I, Jasper Ribbers, delve into my recent experiences and learnings from the Data and Revenue Management (Darm) Conference in Nashville. This episode is packed with insights, especially for those of us in the short-term rental industry, focusing on data, revenue management, and enhancing guest experiences.One of the highlights from the conference was Will Godera's keynote speech. His concept of "unreasonable hospitality," which he exemplified through his New York restaurant's journey to becoming the world's number one, deeply resonated with me. It emphasized the importance of going beyond the conventional to create memorable guest experiences. This approach doesn't necessarily require significant investment but rather a focus on understanding and catering to the unique needs of each guest. As an example, Will’s story about serving

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes>>> Click here to downloadIn this episode of "Get Paid for Your Pad," I had the privilege to host Mark Simpson, founder of Boostly, for an early morning discussion. Mark, known for his impact in the short-term rental space, shares insights from recent industry conferences, including the Bigger Pockets Conference, VRMA, and HostCon. He highlights the growing influence of Google in the vacation rental sector and its move to become the top meta search platform with Google Vacation Rentals. This shift is changing how travelers search and book accommodations, making them more price-savvy and driving the need for hosts to diversify their marketing strategies.Mark discusses the importance of understanding big players like Google, Airbnb, and Expedia, and how they're targeting growth in different continents. He emphasizes the need for

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes>>> Click here to downloadIn this episode of "Get Paid For Your Pad," I had the pleasure of chatting with Brooke Pfautz, the founder of Ventori and Comparent, a vacation rental management platform. We delved into some exciting topics, so let's get started.Brooke kicked things off by discussing his book, "Vacation Rental Secrets," which is packed with insights from industry experts. One common theme throughout the book is the importance of avoiding quick fixes when facing challenges. Brooke emphasized that mistakes often arise from the desire to find a quick solution instead of the right one.One major challenge discussed was hiring the right talent for vacation rental management. Brooke stressed the significance of vetting potential hires upfront and using tools like predictive personality assessments from predictiveindex.com.

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*** Save over $7,500 and sign up for our Black Friday Bundle at https://getpaidforyourpad.com/blackfriday.In this episode of "Get Paid for Your Pad," I want to start by wishing everyone a happy Thanksgiving holiday. As I prepare for my own Thanksgiving getaway to Mexico's Valle de Guadalupe wine country, I'm excited to share insights on a crucial topic: discounts in revenue management.As some of you might know, I've been deeply involved in revenue management for Freewyld, the hospitality brand I co-launched. We recently initiated a revenue management course, one of the first in our industry, to help hosts understand this vital aspect better.The heart of this episode revolves around discounts on Airbnb, a powerful tool for enhancing conversions. Airbnb promotes listings with discounts by incorporating features like strike-through pricing, additional line items in the price breakdown, and eye-catching callouts. These features make listings more appealing to potential guests.I discuss various discount strategies

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes>>> Click here to downloadIn today's celebratory episode of "Get Paid for Your Pad," I had the privilege of speaking with my business partner, Eric Moeller, as we marked the momentous occasion of our 600th episode. Our conversation delved into the evolution of the hospitality industry and how it relates to the short-term rental space, inspired by the concept of 'unreasonable hospitality.Eric shared insights from the book "Unreasonable Hospitality" by Will Gierda, which emphasizes going above and beyond in guest experiences.This approach is not just about the service or the property, but about creating a profound human connection with guests. We discussed how this philosophy is now a core value of Free Wild, our venture, aiming to provide an exceptional hospitality experience that leaves guests in awe.We reflected on the journe

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes>>> Click here to downloadIn this episode of "Get Paid for Your Pad," I had the pleasure of welcoming back Derrick Barker, a returning guest and one of the founders of Nectar. Derrick, who boasts a diverse background in finance, football, and entrepreneurship, shared his journey from starting his first business at Harvard to becoming a real estate mogul with over $450 million in assets. He detailed his experience at Goldman Sachs as a bond trader and how he, alongside his wife and business partner Brittany, successfully managed a portfolio of 125 short-term rentals and over 4,500 apartment units.The focus of our discussion was Nectar, a company Derrick co-founded that provides working capital loans to professional real estate owners and operators. He explained how Nectar works with existing mortgages to offer flexible loans fo

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes>>> Click here to downloadIn this episode of "Get Paid For Your Pad," I had the privilege of chatting with Steve from BetterTalent. We delved into some crucial topics related to hiring and team building in the short-term rental industry. Here's a concise summary of our enlightening conversation:Steve began by stressing the importance of hiring the right talent. He emphasized that taking your time to find the perfect fit for your team is crucial, even though it might seem challenging and time-consuming. Rushing into hiring decisions can lead to costly mistakes down the road.We discussed various roles that are vital for short-term rental hosts, including bookkeepers, virtual assistants, and operations managers. Steve highlighted the benefits of outsourcing roles like guest communications and revenue management to experts or spec

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes>>> Click here to downloadIn today's episode of Get Paid for Your Pad, we had a fantastic conversation with Moira Sedgwick and David Curtis about their experiences and key takeaways from the VRMA conference. Moira runs A Chalet Collective and can be found on Instagram at @achalet.collective, specializing in hosting and designing vacation rental properties. Meanwhile, David Curtis operates We Host Canada, which you can discover on Instagram at @w.e.host and their website, wehostcanada.ca. They offer short-term rental management and property maintenance services.Throughout the episode, Moira and David shared valuable insights from the VRMA conference. We discussed the significance of providing an exceptional guest experience, the growing impact of AI tools on the industry, and the emergence of travel insurance options for hosts.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes>>> Click here to downloadIn this episode of "Get Paid For Your Pad," I had the opportunity to delve into a fascinating conversation with Kelvin Mah from Rankbreeze. We discussed a range of critical topics related to Airbnb listings and how they impact your ranking on the platform.First off, we talked about the importance of having high-quality photos for your Airbnb listing. According to Kelvin's research, it's advisable to aim for at least 31 appealing photos in your listing. Properties with 30 to 60 photos tend to rank higher, and this could be due to the visual appeal and the opportunities for showcasing the property and its surroundings.Next, we explored whether it's better to have a strict or flexible cancellation policy. Surprisingly, Kelvin's data revealed that having a strict cancellation policy doesn't necessarily hi

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replayIn this episode of Get Paid for Your Pad, I want to dive deep into a topic that's essential for anyone in the vacation rental industry: revenue management. Drawing from my own experiences and insights, I'll cover various aspects of this critical element in running a successful vacation rental business.First off, let me take you back to 2020, right after the initial wave of COVID-19. That year, my business partner, Eric, and I attended the VRMA conference in New Orleans, and it was an absolute blast. I can't stress enough the value of such conferences for networking and building a supportive community within the vacation rental industry. As business owners and entrepreneurs, we need each other's insights and connections to grow and learn.One key takeaway from a recent panel discussion I attended is the importance of coaching. I'm a firm believer that everyone, no matter their level of experience, can benefit

Sign up for our free revenue management training at https://getpaidforyourpad.com/training. Hosted on Acast. See acast.com/privacy for more information.

>>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes>>> Click here to download >>> Access the exciting features PriceLabs has to offer>>> Click here to start your 30-day free trialUse code: GPFYP and get $10 off your first month**In today's episode of "Get Paid for Your Pad," I had the opportunity to chat with Becca Madigan from PriceLabs, a dynamic pricing tool for short-term rental hosts. Becca shared some valuable insights and updates regarding PriceLabs, which I found both informative and practical for anyone involved in the short-term rental business.One of the key takeaways from our conversation was the importance of not over-customizing your pricing strategy. Becca emphasized that many hosts make the mistake of turning on various customizations without fully understanding the data behind them. Instead, she suggested that it's often best to leave pricing at default settings, making adjustments only when you have a deep understanding of your market and dat

*Save time & money with these Airbnb tools https://getpaidforyourpad.com/airbnbtools/*Grow your short-term rental business https://www.overnightsuccess.io/In today's episode of "Get Paid for Your Pad," I had an enlightening chat with Tom Lyons, diving deep into the complexities of revenue management for property hosts. Tom brought to the forefront the significance of grasping market trends. He shared an intriguing anecdote about how his team once decided to set their prices 20% lower than their competitors, a bold move that was met with skepticism by some property owners. This decision, however, wasn't made in haste; it was based on an informed understanding of market dynamics.Christmas trends were another focal point of our discussion. Tom illuminated a shift observed over the past few years, where the holiday season seems to be divided into two waves. While many competitors offer consistent prices from the 21st to the 31st of December, Tom has noticed a more nuanced trend. The first wave peaks around th

*Save time & money with these Airbnb tools https://getpaidforyourpad.com/airbnbtools/*Grow your short-term rental business https://www.overnightsuccess.io/In this episode of "Get Paid for Your Pad," I had a fascinating conversation with Landon Wilkinson about Host Share, a promising new platform for short-term home sharing.Host Share operates similarly to familiar vacation rental platforms, but it offers a unique twist. The primary focus is on allowing hosts to exchange stays in their properties with others around the world, creating a network for adventurous travelers and property owners.Here are some key takeaways from my conversation with Landon:How Host Share Works: Host Share simplifies the process by directly connecting to your existing property listings. It synchronizes your calendar with major platforms, ensuring that your availability is up-to-date. You won't manage your calendar within Host Share, but it will show your property's availability based on your other listings.Property Managers and Ow

*Save time & money with these Airbnb tools https://getpaidforyourpad.com/airbnbtools/*Grow your short-term rental business https://www.overnightsuccess.io/In this episode of "Get Paid For Your Pad," I had the pleasure of conversing with Rebecca Ballart, an expert in revenue management for the vacation rental industry. Rebecca shared valuable insights into the world of revenue management, offering tips and strategies for hosts and property managers to optimize their earnings.Rebecca emphasized the importance of understanding your property's unique attributes and market demand. She stressed the need for daily monitoring of reservations and market data, ensuring that pricing strategies remain agile and responsive. Rebecca also highlighted the significance of setting a strong foundation for pricing, focusing on factors like base price, length of stay, and last-minute discounts.One standout point from our conversation was the discussion about the shrinking booking window. Rebecca challenged the notion that boo