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

Do you dream of growing your short-term rental portfolio to tens or even hundreds of units? Yes, a successful host can invest their profits in buying additional STRs. But it doesn’t take long to run out of your own money. So, what if you could use other people’s money to purchase more vacation rentals? How does it work to fundraise capital from investors for your STR business? Daniel Kalenov is Chief Investment Officer at Diversus, a boutique private equity firm that invests in luxury hospitality and affordable housing. Since 1999, Daniel has analyzed, purchased, repositioned and managed income-producing real estate assets, and he has an MBA from Harvard Business School. On this episode of Get Paid for Your Pad, Daniel joins me to explain how his mother’s experience with the stock market inspired his interest in real estate investing and why he made the shift from single-family rentals to the STR industry. Daniel shares his best advice for hosts who want to grow their portfolio throug

Are you a problem solver who understands everything from products to systems and people to profit?Have you built a STR business with over 100 listings?Have you ever thought of becoming a coach?If so and you want to find out how you can get started impacting people’s lives and businesses, this episode is for you.Teaching something to another person or helping them get started in your space elevates both of you and enables you to become a better CEO and business owner.And the benefits don’t stop there. Sharing your knowledge while working with influential people that are in the same business as you are while trying to solve the same problems and achieve similar goals is priceless.On this edition of STR Conversations, Eric and I share a new opportunity to join our Overnight Success Team as a coach.We share what we are looking for in coaches, the requirements to join our team, and the #1 criteria we are looking for in an Overnight Success Team Coach.Listen in as we share our insight into how great coaching trickl

Imagine seeing your short-term rental on the big screen! Production companies rent properties all over the world and pay a premium to film in those spaces.But you won’t find film crews on Airbnb. So, how do you tap into this opportunity?Laura Wegner is Founder of The Suite Life Whistler, a STR company out of Vancouver, British Columbia. She is also a former professional actor and advocate for the film industry with expertise in hosting production crews in her short-term rentals.On this episode of Get Paid for Your Pad, Laura joins me to explain how to list your property with the local film commission and share her standard operating procedure for vetting a production company.Laura discusses how her daily rate for a film crew compares to what she charges on Airbnb and describes how a crew might change your space to accommodate the script.Listen in for insight on designing your space to attract the interest of a location manager and learn how to leverage the film industry to fill your Airbnbs.Topics CoveredHow

The number of day-to-day decisions you must make when running a business can be insurmountable. It's easy to let the creative team connection fall by the wayside. And let's be honest, ZOOM meetings aren't the same as carving out time away from the distractions of the office with the key players of your team somewhere new where the creative juices can flow. We've just returned from our team quarterly off-site, and today we're sharing our biggest takeaways from that experience with our listeners. On this episode of STR Conversations, Eric and I are walking you through the BIG benefits of shutting off technology and being 100% present with your key team members. We'll share why time away from the day-to-day is vital to solving the biggest challenges in your business—no matter what size your organization is.  Listen in for a breakdown of what precisely an off-site is and a behind-the-scenes look at our Q3 off-site for Freewyld and Overnight Success. We’ll offer you expert insight int

"Girls Just Want to Have Fun" and bachelorette weekends are an expanding short-term rental niche where you can charge premium rates and make bank. But they can also come with some very BIG drawbacks. So, how can you set the right expectations from the start so you can tap into the lucrative ‘girls trip’ market without ending up with noise complaints and destroyed property? STR investor Kent He saw the demand for bachelorette trips in Scottsdale, Arizona, so he studied the data, took a chance, and jumped in—a move that paid off! Now, he's using his influence in the STR space to advocate for the development of affordable housing for all. On this episode of Get Paid for Your Pad, Kent joins me to talk about why it's vital to have a niche to be successful in the Airbnb space today and how his bachelorette-themed properties are skyrocketing his revenue. We discuss how he gathered the data to make his properties a success and the role the Get Paid For Your Pad podcast played in helping him

Fueled by the increasing demand for rentals for digital nomads and the uptick in regulations by cities on short-term rentals, medium-term stays are now the fastest-growing category on the Airbnb platform.So, how can we jump into the medium-term market and get all the benefits of investing in Airbnbs without the hassle of turnover or the risk of changing city regulations?Zeona McIntyre has been an Airbnb host since 2012 and owns 12 long-term, mid-term, and short-term units. As an avid real estate investor who owns and manages a double-digit portfolio, she teaches listeners how to achieve financial freedom through real estate on her podcast, Invest2FI. Zeona is the co-author of the soon-to-be-released book, 30-Day Stay: A Real Estate Investor’s Guide to Mastering the Medium-Term Rental.On this episode of Get Paid for Your Pad, Zeona joins me to talk about what constitutes medium-term and the advantages of these types of rentals.Listen in as Zeona shares some insider tricks for finding more customers, managing y

Every day for an STR entrepreneur is filled with numerous tasks, some of which consume the time you could spend growing your business using your unique skills. If only you could get the low-level projects off your plate, freeing up your time to focus on taking your business to the next level. You can if you hire a virtual assistant (VA). It's easy to hire a VA. But it's not always easy to hire the right one, assimilate them into the culture of your business, and then keep them as a part of your team while growing their role. Most hosts don't have a plan for any of it, so they end up in the cycle of hiring and firing VAs until they throw in the towel and decide working with a VA isn't working. It doesn't have to be that way. On this episode of STR Conversations, Eric and I are announcing a special FREE step by step training we are dropping next week and share how you can be a part of it for FREE. We'll walk you through some of the most common mistakes STR hosts make when hiri

Right now, many property owners and managers are looking into ways to expand their bookings for the slow season ahead. So, how can we monetize our rental spaces outside of Airbnb and expand our bottom lines? Jackie Nedin is the CEO of PHX STAYS, specializing in Arizona vacation rentals and boutique style management with properties in Chandler, Phoenix, Gilbert, Tempe, Mesa, Queen Creek, Sun Lakes, and Scottsdale. With award-winning interiors and details that celebrate what’s unique about every city, PHX STAYS is bringing enriched experiences to their guest and property owners. On this episode of Get Paid for Your Pad, Jackie joins me to talk about how a bad month for her STR properties, combined with an email from Get Paid for Your Pad, led her to try listing her properties on Peerspace. She shares the unique features of her most popular property and how her ‘drive right in’ spirit led her to a $6K return in one month from the Peerspace site. Listen in as Jackie shares the types of ev

"The people who are crazy enough to think they can change the world are the ones who do." — Steve Jobs Every single human has the same number of hours in a day. But high-achieving enterprising individuals such as Kevin Hart, Elon Musk, and Tim Kennedy seem to make better use of their time, exploring what's next while investing in the now to make the impossible possible. So, what's the difference between them and you and me? It's all about the decisions we make! On this episode of STR Conversations, Eric and I discuss the 3 things you need to achieve more significant results in your business and life with less effort. We'll share an update on the hotel purchase process, and our recently discovered insight into the two-pronged challenge of buying existing STR properties or other businesses. Tune in as we discuss what you need to focus on to achieve the biggest ROI on your investment in your business. We'll walk you through the 2 qualities the most successful people share and d

"Even though 99% of retail happens on screens or shelves, those aren't where the real moments are. The real moments are in native settings."— Marc Hostovsky Thousands of advertising dollars are spent on Facebook, Google, and Instagram pop-ups and influencers to create meaningful moments with products.However, all of it still misses the mark on the end-user experience. Hosts have a lot of value in this attention economy, and they're not getting credit for it. But my guest is out to change that. Marc Hostovsky is the founder of Minoan, a platform where hosts can purchase furniture and amenities at a 30 to 60% discount and then make the items shoppable for their guests and earn a commission. On this episode of Get Paid for Your Pad, Marc joins me to talk about how his background in retail gave him the idea for Minoan. He'll walk us through Minoan's unique marketing partner relationship with some of the top brands in the home furnishings space. We discuss how to use higher-end furnishes a

The STR industry is changing. With more investors, bigger companies, and new laws cropping up daily investors (like us) are asking what the best way is to scale? For us, the answer is turning our focus to buying properties you can legally run as short-term rentals forever. The biggest opportunity in our industry right now is acquiring old vacation rental communities to convert into modern short-term rental experiences.But how does the process for acquiring these properties work? On this episode of STR Conversations, Eric and I discuss why the next natural phase in the STR business is acquiring boutique hotels. We'll walk you through our search for the 'right' property, how we found the property we are working on acquiring, and the features that make this hotel perfect for adding to the Freewyld portfolio. Tune in as we discuss the steps in the hotel purchasing process. We share the scenarios and analysis process we used to develop our offer, how the due diligence process works, and wh

Online Travel Agencies (OTA) spend millions in marketing and advertising to drive online searches to their websites. A great thing for STR hosts. Or is it? It’s dangerous to have all your STR hosting business on a site you don’t own. But it can be just as risky to go 100% in direct bookings. So how can you be sure you have a healthy mix of OTA and direct bookings? And how can you drive more direct bookings to expand your brand? Mark Simpson is the founder of Boostly and the host of The Boostly Podcast. As one of the top consultants in the STR industry, Mark has worked with thousands of hosts to help them increase their direct bookings and build better websites and marketing campaigns. On this episode of Get Paid for Your Pad, Mark joins me to walk us through how to diversify your bookings to maximize your income. He’ll walk us through the 3 main strategies you can use to drive your guests to book with you directly, plus ways to use the personalization options on Airbnb to bo

In this influencer-fueled world, we are constantly told that we must hit certain milestones to be a 'real business.' But the truth is, out of the 28 million companies in the United States, only 4% ever reach $1 million in revenue. And from there, only about 1 in 10 makes it to $10 million in revenue. Scaling requires an intentional focus on the "four major decision areas every company must get right: People, Strategy, Execution, and Cash." So, how can you scale your STR business and achieve the growth you envision? We've just started reading Scaling Up: How a Few Companies Make It...and Why the Rest Don'twith the STR Legends Mastermind, and it's already been influential for our team. For the next four months we will devote an episode of Get Paid For Your Pad to going through the book's different sections, "People, Strategy, Execution, and Cash." On this episode of STR conversations, Eric and I share some of our key takeaways from the people section of Scaling Up. Listen in f

"In the summer of 2014, we were in Vegas, trying to figure out how to sell more books, so we decided to start a podcast. We bought a mic and messaged a host we knew to interview for Episode 1."—Jasper Ribbers That impulsive decision led to the long running Get Paid For Your Pad podcast, with over 1.3 million downloads. Today we are celebrating a milestone—the 500th episode! On this edition of STR Conversations, Eric and Jasper are switching seats, with Eric talking over the mic for an interview with Jasper. From the "Traveling Dutchman" travel blog to the Get Paid For Your Pad book, Jasper shares his journey to the successful Get Paid For Your Pad podcast.  Listen in for a glimpse behind the scenes of the podcast, the biggest challenges on the journey to Episode 500, and the #1 key to the show's success. From the mom-and-pop hosts to the biggest titans in the industry, Jasper shares his favorite episodes and the life changing lessons he's learned from his guests along the wa

The Airbnb industry is evolving, and, with it, so are the visions STR hosts hold for their businesses. Gone are the days of throwing up any listing and expecting success. The industry has changed. There is a lot more education available, offering new ways for hosts to learn what is possible for them and the business they want. Before each Legends X Short-Term Rental Accelerator class, Eric spends his time on the phone talking to potential participants about what they are looking for to take their business to the next level. So, who are the up-and-coming hosts of today, and what are STR business owners seeking to sustainably grow their business to the next level? On this edition of STR Conversations, Eric and I sit down to discuss the 3 biggest things applicants are seeking for their business when applying for the Legends X program. We walk you through how our VOS system helps participants in the class get clear on what they want and then implement it to build a sustainable business.&n

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You want to drive more bookings for your Airbnb properties at a higher revenue. To do that, you know you need to create experiences that will connect with your guest avatar and are cohesive to your brand.But before you start renovating, you need to understand what the ROI will be and if the money you spend be worth it for your bottom line and the guest experience.So how do you create a budget for the guest aesthetic you seek and still make a profit?On this episode of Get Paid for Your Pad, Eric and I walk you through the questions you need to ask before you begin to make your renovation budget.We'll walk you through all the small details you need to consider when determining which elements to select to assure you are creating the experience your guest is looking for when they book your property.Listen in for insight into how creating world-class experiences can help you justify higher prices. Plus, how to cultivate the same experiences the big hoteliers do by focusing on the five senses.Topics CoveredWhy the

Wouldn't it be great to be able to operate your STR business from anywhere while you travel and explore the world?True freedom is being able to operate your business from anywhere you are or feel like waking up in the morning. But is that really possible? And if so, what are the pros and cons?Sean McGregor is the Chief Experience Officer at Stay Work and Play. A digital nomad, Sean loves working remotely while traveling with his family. He's an Airbnb Superhost with over 2500 reviews and a 4.96 overall rating. His hosting story appears in the book Hospitable Hosts: Inspiring & Memorable Stories From Airbnb Hosts Around The World To Educate & Motivate.On this episode of Get Paid for Your Pad, Sean joins me to discuss how he turned his STR business into a lifestyle business hosting remotely with property owners all over the country—most he's never even met in person.Listen in as Sean shares how his business took off after he completed Legends X. He'll walk us through the tips and tools he learned from t

Accountability is what drives results in your personal life, for your health goals, for your teams, and especially in your business.Accountability is everything for scaling a business. It's also one of the biggest things that can hold STR entrepreneurs from reaching their goals. Most of the hosts we talk to want to grow in their business, but they're stuck in the same spot, experiencing the same challenges over and over because they haven't created accountability within their team. So how do you add layers of accountability to your business and team dynamic? On this episode of Get Paid for Your Pad, Eric and I share some ways we've used accountability in our own lives to reach our personal and business goals. We'll walk you through how we use layers of accountability in our businesses, with our team, and in the Legends X program so you can reach your STR business goals much sooner. Plus, why pain points are an excellent motivator for results. Listen in for insight into why we ope

Many companies are shifting their employees to working remotely, allowing many people the flexibility to live more of a nomadic lifestyle. This has led the 30-plus day stays to become the fastest growing category on Airbnb right now. But what are the pros and cons? And is it profitable? Toby Doré currently manages over 20 units in 'Cajun Country' downtown Lafayette, Louisiana, and has over 5000 reviews on Airbnb. He's also a full-time sports psychology professor at the University of Louisiana and writes the travel blog, "The Cajun Traveler." Toby was in the first class of Legends X. His story appears in the book, Hospitable Hosts: Inspiring & Memorable Stories From Airbnb Hosts Around The World To Educate & Motivate. On this episode of Get Paid for Your Pad, Toby joins me to discuss how he transitioned his properties to 30-day plus stays during the pandemic to keep his business alive and why he's keeping them there in the fastest growing category on Airbnb. Listen in as Toby s