Get Paid For Your Pad | Airbnb Hosting | Vacation Rentals | STR Revenue Management EP151: How to Use Airbnb to Facilitate a Business Accelerator
May 8, 2017
27:06
So you’ve planned a retreat for entrepreneurs and booked the Airbnb, but lack of interest forced you to cancel the event. Now it’s time to get creative and find a way to recoup the money you spent on accommodations. What if you listed the space on Airbnb yourself, and sublet it out to get your money back?
Chris Reynolds is the founder of Entrepreneur House, a business accelerator that holds events worldwide with the intent of creating a community where entrepreneurs can live together for four weeks, attending goal-setting and productivity workshops as well as taking part in advisor-led seminars and one-on-one coaching sessions. Chris has taken advantage of the Airbnb platform to book accommodations for Entrepreneur House retreats in Chiang Mai, Barcelona and Rio de Janeiro, and then sublet those bookings when they weren’t being used!
Today, Chris shares the objectives of Entrepreneur House as well as his advice for Airbnb hosts. Listen in to learn how he was able to negotiate with a landlord who caught him subletting an Airbnb space illegally – and turn that potential conflict into a lucrative business partnership.
Topics Covered
Why Entrepreneur House was launched
•Business accelerator for established entrepreneurs
•Offers cultural experience through four-week retreats held all over the world
•Provides community and sense of belonging
•Leverage each other’s skills while mountain-biking, for example
•More productive than regular environment
How Chris employs Airbnb for Entrepreneur House
•Uses platform to book accommodations for attendees (in advance and last minute)
•Sublets Airbnb when event is canceled or doesn’t need space for entire booking period
How Chris handled being caught by the landlord for subletting without permission
•Landlord discovered Airbnb listing and called meeting
•Chris explained intent to recoup loss as entrepreneur
•Landlord altered contract to allow for short-term rentals
•Chris partnered with owner of leasing company to book the following year
The dynamic around illegal activity in Barcelona
•Drinking on the street, graffiti and pot lounges are technically illegal, but rules not enforced
•Short-term rentals are illegal, but people continue without much fear of retribution
Chris’s advice for Airbnb hosts
•Include photos of all rooms (better pics = better bookings)
•Offer a flat screen TV (almost always indicates better quality)
•Put forth the time and effort to compose a thorough description for your listing
Chris’s guidance for dealing with a landlord if you’re listing your rental on Airbnb
•Be clear about why you’re using the platform
•Enter negotiations with a proposal that will benefit you both
•If the landlord says ‘no,’ respect the fact that they control the property
Resources
dnxcamp.com
Chiang Mai Event Details
Connect with Chris
theentrepreneurhouse.com
Entrepreneur House Podcast
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!
Chris Reynolds is the founder of Entrepreneur House, a business accelerator that holds events worldwide with the intent of creating a community where entrepreneurs can live together for four weeks, attending goal-setting and productivity workshops as well as taking part in advisor-led seminars and one-on-one coaching sessions. Chris has taken advantage of the Airbnb platform to book accommodations for Entrepreneur House retreats in Chiang Mai, Barcelona and Rio de Janeiro, and then sublet those bookings when they weren’t being used!
Today, Chris shares the objectives of Entrepreneur House as well as his advice for Airbnb hosts. Listen in to learn how he was able to negotiate with a landlord who caught him subletting an Airbnb space illegally – and turn that potential conflict into a lucrative business partnership.
Topics Covered
Why Entrepreneur House was launched
•Business accelerator for established entrepreneurs
•Offers cultural experience through four-week retreats held all over the world
•Provides community and sense of belonging
•Leverage each other’s skills while mountain-biking, for example
•More productive than regular environment
How Chris employs Airbnb for Entrepreneur House
•Uses platform to book accommodations for attendees (in advance and last minute)
•Sublets Airbnb when event is canceled or doesn’t need space for entire booking period
How Chris handled being caught by the landlord for subletting without permission
•Landlord discovered Airbnb listing and called meeting
•Chris explained intent to recoup loss as entrepreneur
•Landlord altered contract to allow for short-term rentals
•Chris partnered with owner of leasing company to book the following year
The dynamic around illegal activity in Barcelona
•Drinking on the street, graffiti and pot lounges are technically illegal, but rules not enforced
•Short-term rentals are illegal, but people continue without much fear of retribution
Chris’s advice for Airbnb hosts
•Include photos of all rooms (better pics = better bookings)
•Offer a flat screen TV (almost always indicates better quality)
•Put forth the time and effort to compose a thorough description for your listing
Chris’s guidance for dealing with a landlord if you’re listing your rental on Airbnb
•Be clear about why you’re using the platform
•Enter negotiations with a proposal that will benefit you both
•If the landlord says ‘no,’ respect the fact that they control the property
Resources
dnxcamp.com
Chiang Mai Event Details
Connect with Chris
theentrepreneurhouse.com
Entrepreneur House Podcast
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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