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

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 spoken to, or entrepreneur or forward thinker, has been talking about this tool and how they're introducing it to their everyday life, but also trying to figure out how the use of the technology could be beneficial and how they could integrate it into their business.The truth is AI isn't going anywhere. So, how can you learn to harness this powerful tool for more productivity to save time in your STR business?On this episode of STR conversations, Eric and I are talking about the super sophisticated and powerful chatbot that can learn from what you're telling it, Chat GPT.We'll discuss what it REALLY is, what it isn't, a

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 that, what truly makes Spain a special place is its people. Today on "Get Paid for Your Pad," I have two guests, Juanccho Betancor and JuanJo Bande, from Spain. Juanccho Betancor is a Legends X graduate and successful short-term rental host. He began his journey by renting out several properties and later transitioned to Airbnb. In addition to hosting, Juan is passionate about analyzing investments in the space and sharing his experiences with others. He even has his own YouTube channel where he talks about all things short-term rental. JuanJo Bande is an architect who is passionate about the short-term r

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! Although there's currently no sign of a BNBbust, reduced demand on the Airbnb platform is pushing hosts to explore new ways to build genuine hospitality brands. So, how can you keep up with the post-Covid market, adapt to changing customer needs, and improve your business strategies to focus on guest acquisition and retention? In this episode of STR conversations, Eric and I delve into Airbnb's Q4 2022 earnings report, uncover the current realities of the short-term rental industry, and explore the pressing need for hosts to cater to the informed traveler of today. Tune in to gain valuable insight on

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 single-use plastic, and using energy-efficient appliances and lighting. And sustainability is not just a trend; it’s a critical aspect of our future, and now is the time for short-term rental hosts to begin embracing the concept of becoming more sustainable.But we all know hosts generally don’t have much time to spare or funds for upgrades‌. So, what can short-term rental hosts do to become more sustainable without investing a lot of time and money?Vanessa de Souza Lage is the Founder & CEO of Sustonica, the 1st sustainability recognition specifically for short-term rentals. With their standard for vacation h

"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 hectic host, AND lose sight of the joys of success. But there is another way. So, how can you find a better work-life balance while setting and achieving the goals that will help you build a sustainable short-term rental brand you can be proud of? On this episode of STR conversations, Eric and I are celebrating the 2nd anniversary of our Legends X program by sharing our journey and unveiling the results we've achieved as we've led nearly 300 hosts through the program. We'll give listeners a look at the driving force behind our mission to transform STR companies into thriving hospitality empires by packi

 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 rentals by local, state, and global authorities.But advocates and local alliances are deploying more strategic strategies, with fewer groups passively accepting potentially illegal regulations.So how can short-term rental hosts join forces and engage at the local level to create a nationwide impact?Dana Lubner is the head of advocacy at Rent Responsibly, working closely with local alliance leadership teams to ensure their success and collaborating with local alliance teams to achieve their goals. Before this, she co-led Effortless Rental Group, a property management firm in Colorado, with her brother. When Denver imple

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 for STR businesses to grow by buying boutique hotels, cabin communities, and other aging vacation rental properties whose owners are retiring after years of operation and established clientele but possibly outdated business practices. We break down how we took an old vacation rental community tucked in the picturesque mountain town of Idyllwild, California, and revitalized it. And how by incorporating modern amenities, enhancing marketing and messaging, and streamlining operations, we boosted occupancy and ADR within the first 45 days, creating the cornerstone of our brand, Freewyld. We'll share the tools and tre

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 explain how he identifies properties that have a STR history for BnB Buyer and which markets have good deals on existing short-term rentals right now. Alex walks us through the advantages of buying an existing STR versus a home without a history on Airbnb and discusses the downside of limiting your search to existing short-term rentals. Listen in for Alex’s insight around trends in the STR market in the last 12 months and learn how BnB Buyer can help you de-risk the process of buying short-term rental properties for your portfolio! Topics CoveredHow Alex’s own search for STR properties inspired the creation of

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 this episode of "Get Paid for Your Pad," Eric and I share the trends in the STR industry. We bring our extensive industry experience and perspective as coaches to the forefront to offer you an inside look into what works (and what doesn't). We break down the 3 industry business models and which work best to put you on the fast track to STR wealth for people looking to grow their brand by acquiring more properties. We discuss which business models work for the long haul (and which don't) in order to help you determine where to focus your money, time, and attention now. Listen in as we weigh in on how to use

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 technology likely to revolutionize the STR industry? Technology Expert Igor Kostin serves as Cofounder and CTO of iGMS, a vacation rental management platform dedicated to helping hosts grow their hospitality business faster. On this episode of Get Paid for Your Pad, Igor joins me to discuss the evolution of iGMS, describing how it started as a marketplace for cleaners and grew into a full PMS that serves 500,000 STR listings. Igor offers advice on testing user experience to decide what property management system is right for you and explains why there will be fewer PMSs to choose from in the next five years.&nb

#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 commitment to believe in our STR product and fight like hell for his people, and we explore the benefit of taking days to fully disconnect from the day-to-day of your STR business. Listen in for insight on navigating the ups and downs of the Airbnb market and learn how to take advantage of the massive opportunity for hosts who are all-in on developing a unique hospitality brand in 2023! Topics CoveredWhat we learned from losing a powerful team member to another opportunityWhat it means to believe in the STR product you provideWhat happens when you allow doubt to dictate your decision-makingHow to get to a place wh

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 are making internet connectivity and reliability a top priority when booking a place to stay for today's STR guests. So, how can you assure your guests that your property's internet performance fits the bill for their lifestyle and connectivity needs? Philip Pickard is the Co-founder & CEO of Speedy, Wi-Fi verification. Speedy is a global company offering Wi-Fi verification tools designed to enable remote workers, travelers, and world explorers to accurately assess internet connectivity when booking a STR property while helping hosts increase customer satisfaction for more bookings. Today on Get Paid f

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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 management company that with a portfolio of hotels, motels and log cabins with close to 140 doors. On this episode of Get Paid for Your Pad, Jennifer joins me to discuss the serious carbon monoxide leak that hit her hotel and explain why you can’t trust a generic inspection to identify all safety risks. Jennifer describes the trauma she and her guests experienced from having their health threatened and challenges us to be proactive BEFORE disaster strikes our Airbnbs. Listen in for Jennifer’s insight on building a network of support in the STR community and learn what steps to take to keep your properties saf

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 podcasts in 5 different categories, including top 3 downloads, innovative, inspirational, tools and services, and actionable tips.I’m sharing episodes that include interviews with other hosts who have catapulted their STR units, used outside-the-box ways to fill bookings, and guests who will inspire you with their stories of going from hectic host to LEGEND. Plus, actionable steps YOU can use to make your 2023 STR resolutions a reality.Listen in as I share my goals for the podcast in 2023 while pointing you toward the 2022 podcast episodes that will be really helpful for you to make 2023 the best year yet for your STR busin

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 homes, and private residences. Will joins me on Get Paid for Your Pad today to discuss the unique selling points of ALTIDO, the advantages and challenges of managing so many different asset categories, and why it's vital to be able to adapt your model to fit your market. Listen in as we discuss the challenges in building the ALTIDO brand, why it's vital to revisit your value proposition to be a successful property manager, and his tips for STR operators who want to grow to over 100 units. Plus, Will shares his advice on what property managers should focus on in the next 3-5 years. Topics Covered 

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 also wise to examine how your experience as a short-term rental host compares to others in the industry. Today, I'm sitting down with David Jacoby, the President & Co-Founder, and Fred Bassili, the Marketing Manager of Hostfully, to dive into Hostfully's 2022 Vacation Rental Industry & Hospitality Report. On this edition of Get Paid for Your Pad, David and Fred join me to discuss the biggest trends in the short term rental industry in 2022. We discuss the challenges, and opportunities for STR hosts in 2022, including which types of properties are seeing an increase in revenue, and how hosts are incr

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 rental industry in 2022, explaining how this year’s numbers compared to 2021 in various markets in the US and around the globe. Anurag describes how to calculate RevPAR and why it’s an important metric for STR hosts to understand, and we discuss why Airbnb’s new total price display policy was a positive change overall. Listen in for Anurag’s insight on the current pace of bookings for 2023 and learn how PriceLabs free market reports can help you analyze your portfolio and outperform the competition—no matter what’s happening in the market! Topics CoveredHow COVID continues to impact STR markets in some parts of

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's about more than just great property photos.So, how do you build that trust?Chris Maughan is the CEO & Founder of I-PRAC. An experienced operator in holiday and commercial rentals for 17 years, he's passionate about transforming the short-term rental industry to make it a safe place for hosts and travelers worldwide. He's also the CEO and co-founder of AES Accommodation Ltd and AES Events Group, which provides accommodations for companies like Google, Twitter, and Disney. Chris has written a chapter in the soon-to-be-released, The Book Direct Blueprint.On this edition of Get Paid for Your Pad, Chris walks us thro

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-average price for your Airbnb?Kaye Putnam is a psychology-driven brand strategist who helps brands uncover their innate brand advantage to attract more clients and customers online.Kaye is also the host of Brand Gravity, a podcast that explores the intersection between branding and psychology.On this episode of Get Paid for Your Pad, Kaye sits down with Eric and me to explain why STR hosts have more opportunities to tell our brand story than other types of businesses.Kaye discusses how to identify the brand archetype for your Airbnb business and why even individual hosts should be intentional about building a brand.Liste