Thanks For Visiting

363. The History of Vacation Rentals: Back to School with Brumby McLeod, Ph.D.

May 30, 2024

Brumby McLeod, Ph.D., an expert in vacation rentals, discusses the industry's evolution from offline to digital hosting. Topics include Airbnb's impact, stakeholder opposition, and creating solutions for the industry. The podcast explores the history of vacation rentals, their impact on communities, tax implications, and the evolving trends in real estate investment post-COVID.

53:18

Creator website

Episode guests

Brumby McLeod

AI Summary

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

The podcast delves into the historical evolution of vacation rentals from traditional family homes to the digital age dominated by hosting platforms like Airbnb.

Brumby McLeod's research highlights the diverse stakeholders in the vacation rental industry and the importance of analyzing data to address their concerns.

Dr. McLeod emphasizes the need for neutrality in research to understand various perspectives and create solutions beneficial to government, investors, hosts, and renters.

The shift towards direct booking strategies by hosts aims to reduce dependency on platforms like Airbnb and enhance guest verification processes through tools like Know Your Guest by Superhog.

Future trends in the vacation rental sector suggest a focus on community engagement, evolving property types, regulatory challenges, and the enduring appeal of transient rentals.

Deep dives

The Shift to Direct Booking Strategy

Many hosts are transitioning to boost their direct booking strategy and reduce reliance on platforms like Airbnb. To verify guests booking directly, the utilization of Know Your Guest by Superhog has provided peace of mind. By seamlessly introducing guest screenings into the reservation process, authenticity is ensured across various databases to prevent fraud and unwanted parties.

Introduction

2min

Unlocking Steep Discounts for Short-Term Rentals with Minoan

2min

Highlighting a Dog-Friendly Vacation Rental Host and a Thoughtful Quote

3min

Exploring the Evolution of Vacation Rentals with an Academic Expert

2min

Exploring the Evolution of Vacation Rentals

21min

Analysis of Airbnb Fees, Hostley's Savings, and Property Hosting Debates

4min

The Evolution of Short-Term Rentals and Real Estate Investment

17min

Research Discussion with Brumbi McLeod, Ph.D. and Closing Remarks

2min

Today’s expert guest is the ultra-informed researcher and short-term rental historian, Brumby McLeod, Ph.D., an associate professor at the College of Charleston, School of Business in the Department of Hospitality & Tourism Management.

He is also a research fellow with the Office of Tourism Analysis and the Riley Center for Livable Communities. The focus of his research is in overnight accommodation with a primary focus on housing, short-term rentals, and tourism.

Dr. McLeod walks us through the length of his career spent studying the many complex nuances of the vacation rental industry – from the offline family vacation homes of decades past, all the way to the explosion of digital hosting providers, and into the future.

Going back to school, even just for one day, we pepper Dr. McLeod with questions about how Airbnb disrupted his research, whether or not the data tells a positive or negative story in vacation communities, which stakeholders are the most vocal in opposition to STR expansion, and so much more.

A true academic, Brumby is so good at remaining neutral. He gets excited seeing everyone's point of views and then putting them together so he can create research and solutions for various aspects of the industry – whether it's small government, investors, hosts, or renters themselves.

(00:01:24) #STRShareSunday: @lazy_pines_cabins

(00:03:21) Back to School with Brumby McLeod, Ph.D.

(00:17:51) Charting the Rise of STR Hosting Platforms

(00:22:35) STR Impact: Building vs. Decimating Communities

(00:27:02) Unpacking the Right to Bear Guests

(00:35:50) How Hosts Can Best Advocate for the Vacation Rental Industry

(00:39:39) Airbnbust? Brumby on the Future of Our Industry

Resources:

• Click here for full show notes

• Gary Keller: https://a.co/d/hFPmcFZ

• #STRShareSunday: @lazy_pines_cabins

• Video: Airbnb Market Shift | Thrive as a Host

• Airbnb Essentials Checklist: hostchecklist.com

Thanks for Visiting is produced by Crate Media.

Mentioned in this episode:

Minoan | Visit MinoanExperience.com and tell them TFV sent you!

Hosting Business Mastery Method | Join us for our live, free, host masterclass and learn how to OWN your digital real estate!

HBMM | Sign up today at hostmasterclass.com.

Hostfully | Go to https://www.hostfully.com/tfv and use TFV100 to get $200 off your subscription.

Superhog | Visit superhog.com/thanks-for-visiting and book your FREE demo today!

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Thanks For Visiting

363. The History of Vacation Rentals: Back to School with Brumby McLeod, Ph.D.

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

The Shift to Direct Booking Strategy

Protection Through Superhog's Damage Waiver Program

Love for Hosting and Experienced Background

Highlighting Engaging Hosts

Exploring Short-Term Rental Industry Evolution

Insights on Rental Property Investment

Navigating Community Engagement and Advocacy

Future Trends and Challenges in Short-Term Rentals

Engagement with Rent Responsibly and Industry Studies

Get the Snipd
podcast app

AI-powered
podcast player

Discover
highlights

Save any
moment

Share
& Export

AI-powered
podcast player

Discover
highlights

Thanks For Visiting

363. The History of Vacation Rentals: Back to School with Brumby McLeod, Ph.D.

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

The Shift to Direct Booking Strategy

Protection Through Superhog's Damage Waiver Program

Love for Hosting and Experienced Background

Highlighting Engaging Hosts

Exploring Short-Term Rental Industry Evolution

Insights on Rental Property Investment

Navigating Community Engagement and Advocacy

Future Trends and Challenges in Short-Term Rentals

Engagement with Rent Responsibly and Industry Studies

Get the Snipdpodcast app

AI-poweredpodcast player

Discoverhighlights

Save anymoment

Share& Export

AI-poweredpodcast player

Discoverhighlights

Get the Snipd
podcast app

AI-powered
podcast player

Discover
highlights

Save any
moment

Share
& Export

AI-powered
podcast player

Discover
highlights