BiggerPockets Real Estate Podcast

994: Airbnb Has Changed: Make More Money Even with Regulations & New Competition w/Rent to Retirement CEO

Jul 24, 2024

Experienced short-term rental investor, Zach Lemaster, shares insights on maximizing Airbnb income in 2024/2025. Topics include market trends, standing out in competitive markets, dodging regulations, and quick booking boosts. Learn about targeting guests, no-money-down investing, managing risks, enhancing guest experience with amenities, and revenue optimization strategies. Future projections for 2025 and real estate market insights are also discussed.

43:44

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Zach Lemaster

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Quick takeaways

Adapt to changing short-term rental market trends by focusing on user experience and local partnerships.

Increase revenue by expanding bedroom count, offering pet-friendly stays, and seeking affiliate partnerships.

Prepare for regulatory changes, maintain adaptability, and manage multiple income streams to succeed in the shifting market.

Deep dives

State of the Short-Term Rental Market

The short-term rental market trends have stabilized with a modest supply and demand increase. Regulations continue to evolve with recent changes impacting certain areas like New York. Operators need to focus on user experience, amenities, and local partnerships to differentiate and succeed.

Partnering Locally Unlocks Revenue Potential

01:20

Ask and Incentivize for Stars

00:54

In Business, Adapt or Get Left Behind

01:18

Intro

3min

Evolution of Short-Term Rental Market and Industry Trends

6min

Strategies for Success in Short-Term Rentals

8min

Navigating Regulations and Risks in Short-Term Rentals

10min

Optimizing Revenue and Success in Short-Term Rentals

10min

Strategies to Maximize Revenue in Short-Term Rentals

2min

Outlook for Short-Term Rentals in 2025 and Real Estate Market Insights

6min

Airbnb has changed, and if you don’t change with it, you could see your income start to dwindle. The good news? If you get ahead of the curve, you could make SUBSTANTIALLY more money from every short-term rental you own, EVEN if you’re not in a vacation destination. So, what do you need to do NOW to get more guests, bookings, and money from your short-term rental investment in 2024 and 2025? Experienced short-term rental investor and CEO of Rent to Retirement, Zach Lemaster, is here to help.

You may know Zach as the turnkey rental guy, but his skills go FAR beyond long-term rentals. Zach owns the highest-grossing short-term rental in the ever-popular Breckenridge, Colorado. This is a HOT short-term rental market with fierce competition, but even so, Zach’s vacation rental stands out from the rest. How did he do it, and what changes can YOU make to your Airbnb experience to become the best in your area?

Today, Zach gives a masterclass on Airbnb and short-term rental hosting. He covers market trends he’s seen in 2024 and into 2025, dodging regulations, and what to look at BEFORE you buy. Zach even shares easy ways to stand out and the amenities that will wow your guests so they keep coming back for more. Plus, he’ll give tips on what you can do NOW with your current Airbnb to quickly increase bookings!

In This Episode We Cover

A short-term rental industry update and why hosts MUST make changes now

Guest trends and why people want better deals and experiences, not just places to stay

How to avoid short-term rental regulations and what to do if your area already has them

How to easily stand out in your market by providing top-notch amenities

Simple tweaks to your listing that will get you more bookings

2025 short-term rental predictions and what hosts should know

And So Much More!

Links from the Show

Get a BIG incentive on turnkey rentals from today’s show sponsor, Rent to Retirement. Text “REI” to 33777 or visit them here: https://www.renttoretirement.com/

Join BiggerPockets for FREE

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Ready to Invest? Grab the Book, “Short-Term Rental, Long-Term Wealth”

Find an Investor-Friendly Agent in Your Area

See Henry and Zach at BPCON2024 in Cancun!

Are You Getting Less Bookings for Your Short-Term Rentals? Here are 3 Ways to Get More

(00:00) Intro

(01:36) The Best Short-Term Rental Ever?

(02:53) Airbnb is Changing

(11:11) Airbnb is Changing

(13:34) Regulations and Airbnb Bans

(20:51) How to Stand Out