Get Paid For Your Pad | Airbnb Hosting | Vacation Rentals | STR Revenue Management EP161: Lessons Learned From 7 Years of Airbnb Hosting in Taipei
Jun 12, 2017
26:34
If you are looking to rent a property with the intention of being an Airbnb host, the question then becomes, how do you convince a landlord to allow for short-term rentals in your contract? Today’s guest is a veteran Airbnb host who is ready to share his strategy for securing negotiating power with property-owners, as well as other lessons he’s learned in his lengthy Airbnb hosting career.
Roger Lee moved to Taipei in 2010 to assist with a property renovation project, converting a family home into studio apartments for rental. His ability to speak English gave him leverage as a property manager, securing short-term rentals through sites like Craigslist. With that experience under his belt, Roger set out on his own, renting properties that were candidates for renovation from willing landlords for short-term rental on Airbnb. He has worked his way up to nine listings, including his hip Taipei bachelor pad.
Today Roger takes us on his journey to successful property management, sharing his advice for aspiring hosts, the lessons he’s learned after seven years of experience in the market, and his point of view regarding Airbnb’s place in the travel industry. Listen and learn how to convince property-owners to allow for short-term rentals – and how Roger uses this podcast as a sleep aid!
Topics Covered
How Roger got his start in property management
•Moved to Taipei in 2010
•Residential properties with multiple bedrooms being converted into studio apartments
•Helped friend with project, both renovation and rental
•Found short-term tenants on Craigslist and local sites
How Roger established negotiating power with landlords to allow for short-term rentals
•Selected run-down properties in need of investment
•Offered to renovate with stipulation that Airbnb would be allowed
Roger’s advice for aspiring property managers looking to rent units for Airbnb
•Provide an upside for the landlord (e.g.: renovations)
•Understand the landlord’s relationship with neighbors
•Mitigate complications/controversy (older landlords don’t want any trouble)
Roger’s greatest hosting challenge
•Airbnb’s introduction of Smart Pricing altered market
•Happened in conjunction with Chinese policy significantly reducing tourism to Taipei
The most significant lesson Roger has learned from Airbnb hosting
•Take the high road with unpleasant guests (even if it isn’t fair)
Roger’s take on the value of Airbnb
•Best thing to happen to travel in his lifetime
•Ambitious and impressive to create culture of community
Connect with Roger
Host Profile on Airbnb
OFC Taipei Housing
Connect with Jasper
Email: jasper@getpaidforyourpad.com
Twitter: @GetPaidForUrPad
Instagram: @GetPaidForYourPad
Facebook: www.facebook.com/getpaidforyourpad
This episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests!
Roger Lee moved to Taipei in 2010 to assist with a property renovation project, converting a family home into studio apartments for rental. His ability to speak English gave him leverage as a property manager, securing short-term rentals through sites like Craigslist. With that experience under his belt, Roger set out on his own, renting properties that were candidates for renovation from willing landlords for short-term rental on Airbnb. He has worked his way up to nine listings, including his hip Taipei bachelor pad.
Today Roger takes us on his journey to successful property management, sharing his advice for aspiring hosts, the lessons he’s learned after seven years of experience in the market, and his point of view regarding Airbnb’s place in the travel industry. Listen and learn how to convince property-owners to allow for short-term rentals – and how Roger uses this podcast as a sleep aid!
Topics Covered
How Roger got his start in property management
•Moved to Taipei in 2010
•Residential properties with multiple bedrooms being converted into studio apartments
•Helped friend with project, both renovation and rental
•Found short-term tenants on Craigslist and local sites
How Roger established negotiating power with landlords to allow for short-term rentals
•Selected run-down properties in need of investment
•Offered to renovate with stipulation that Airbnb would be allowed
Roger’s advice for aspiring property managers looking to rent units for Airbnb
•Provide an upside for the landlord (e.g.: renovations)
•Understand the landlord’s relationship with neighbors
•Mitigate complications/controversy (older landlords don’t want any trouble)
Roger’s greatest hosting challenge
•Airbnb’s introduction of Smart Pricing altered market
•Happened in conjunction with Chinese policy significantly reducing tourism to Taipei
The most significant lesson Roger has learned from Airbnb hosting
•Take the high road with unpleasant guests (even if it isn’t fair)
Roger’s take on the value of Airbnb
•Best thing to happen to travel in his lifetime
•Ambitious and impressive to create culture of community
Connect with Roger
Host Profile on Airbnb
OFC Taipei Housing
Connect with Jasper
Email: jasper@getpaidforyourpad.com
Twitter: @GetPaidForUrPad
Instagram: @GetPaidForYourPad
Facebook: www.facebook.com/getpaidforyourpad
This episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests!
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