Thanks For Visiting

Good design is an example of “ONE thing” that will help your listing stand out. Implementing professional staging and unique decor in your short-term rental can lead directly to more bookings and higher revenue.Gone are the days of just throwing a rental together and hoping for listings. The industry is getting more competitive as boutique hotels and experience stays are gaining popularity. Focusing your short-term rental around good design principles is a near guarantee for success in the competitive STR landscape.Tips for design in your STR:Use wallpaper (temporary or not) to create a bold accent wallDon’t skimp on the often-overlooked elements like light fixtures and live plantsSave money on artwork by getting printables on Etsy and printing & framing it yourselfCreate timeless backdrops like subway tile and white walls which give you freedom to adapt your listing over time without turning it into a construction projectAre you an aspiring designer, or know someone who is? Reach out to us on Instagram!Resources:See us in Las Vegas for RESACON: Real Estate Staging Association, July 21-23Design Files: interior design business software#STRShareSunday: @EverwoodsGroupThanks for Visiting is produced and published by Crate Media.Mentioned in this episode:Minoan | Minoan helps short-term rentals and boutique hotels enhance their appeal with their customizable, curated retail platform.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.Breezeway | Go to breezeway.io/tfv to claim your free implementation when you start a Breezeway account.

We recorded this episode right after getting off the plane from Nashville, where we attended STR Wealth Conference. It was so amazing seeing our friends, colleagues, and listeners face to face. On this episode we’re sharing some of our big insights from the conference, and some key takeaways that our members also shared from their conference experience.Setting your listing apart from the competition might not require an expensive refab; decor and interior design can help your listing pop and lead to more revenue.STRs are not passive income! Even if you create the minimal workload, you still have to check in on your assets, your team, and have some oversight on your property.Electric car charging stations are becoming more and more standard for rentals. You only need one per property (if you have multiple rentals on the same property); and, this is a lucrative addition as you can make extra money from travelers who may be looking for charging spots while on the road.Take advantage of local tentpole events: everything from small conferences all the way to the Superbowl create prime dates for bookings. Consider taking your listing off of OTAs for those dates and leverage your direct bookings instead.Hire a tax professional that specializes in short-term rentals, or at least one that’s experienced in real estateSergio, @JungleHouse.AirbnbHe has lots of live plants in his property, and to keep up with it, he has a service (aside from turnover team!) that comes in to care for the plants every other week, even while guests are staying. They’re made aware of this when booking, and often don’t mind because the plants themselves are a selling point for the property.Stacy, @LaCroixCovingtonMake your first impression with a guest within the first 10 minutes of them arriving. If they have any hiccups during their stay, they’ll typically be more forgiving if they had a great check-in experience.Mark, BoostlyAsk yourself this question – do you work for yourself, or do you work for Airbnb? If you don’t have a direct booking strategy, get one, and start keeping 100% of your rental earnings.Miranda, @HomeGrownStaysIf you do one thing after leaving this conference, it should be trying out Rankbreeze, which helps you A/B test and optimize your listing for rankings in Airbnb.Mike, @WanderChatt Network and align yourself with the right people; you are the average of the 5 people you spend the most time withLori, @GoldenDeerEscapesRemind yourself why you’re putting in all this hard work with the power of visualization. Picture your perfect day and reverse engineer how your STR will help you achieve it.Resources:#STRShareSunday: @WoodYouStayThanks for Visiting is produced and published by Crate Media.Mentioned in this episode:Breezeway | Go to breezeway.io/tfv to claim your free implementation when you start a Breezeway account.Minoan | Minoan helps short-term rentals and boutique hotels enhance their appeal with their customizable, curated retail platform.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.

This episode may be a bit controversial, but we’re here for it. There is extra work and extra costs associated with any short-term rental, and we believe this is work you should be charging for. After all, you’re not a hotel; if you’re running an STR, you don’t have the same flexibility as hotels do, and when extra requests lead to more work or put a strain on your team (or yourself), you should include fees to compensate for this.So, here are 3 ways you may be leaving money on the table with your STR:1. Early check-in and late check-out feesWhether you’re a solo operator with a small team or running a business with multiple properties and a larger team, early check-ins and late check-outs can interrupt your normal flow of business with your rental.If your property is ready and there’s no previous booking, absolutely accommodate your guest and let them in early. But–when you have back to back bookings and need to coordinate with your cleaning team to make early check-in (or late check-out) a possibility, you should charge for it.This comes down to your most valuable asset: your TIME. And not just your own time, but your team’s time as well, as this puts pressure on them to flip the same home in half the time. Be sure to present it in a professional manner and mention that you incentivize your turnover team, especially in situations like this. A common practice for fees is to charge by the hour, for every hour before/after the original allotted time.2. Pet feesEven well-behaved dogs and hypoallergenic pups will leave behind a bit of a mess, and takes a bit of extra cleaning to ensure your pet friendly environment doesn’t impact other guests who may not have pets.Compare your pet fee to the rate of a typical kennel or dog service at home, which are usually priced per pet, per day. For longer rentals, we suggest a monthly cap to keep the fee in check. And don’t forget to speak with your turnover team to best plan for pet cleaning, and what they might suggest charging for the extra work.3. Shipping fees for forgotten itemsIt’s a nice courtesy, but paying for shipping and packaging is still going to cost you, and can eat up your time as well. Even with clear check-out instructions for your guests, some things may get left behind, and it’s reasonable to charge a small fee to get these items back to your guest.We start with a flat $50 fee for shipping which then covers our team’s time, boxes and packaging, and the shipping costs with UPS, FedEx, or similar. If shipping was cheap and there’s money leftover from the fee, we send it right back to the guest. But, we aren’t fronting the money for sending the items back.Heart is at the center of every short-term rental, but NOT at the expense of bad business practices. The expenses associated with all of these extras add up over time. Remember: this isn’t gouging, this is you providing extra services for your guests. Including these fees in your STR will start to provide more liquidity to invest back in your properties, in your turnover team, and in your business.Resources:#STRShareSunday: @the_evergreencottageThanks for Visiting is produced and published by Crate Media.Mentioned in this episode: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.Minoan | Minoan helps short-term rentals and boutique hotels enhance their appeal with their customizable, curated retail platform.Minoan | Visit MinoanExperience.com and tell them TFV sent you!Breezeway | Go to breezeway.io/tfv to claim your free implementation when you start a Breezeway account.

Maintenance is always a hot button issue in the STR world. Let’s face it, properties are living, breathing organisms. They are constantly changing and in need of our love and attention. Unfortunately, we can’t always predict when that love and attention is needed, forcing us to schedule service, at times, during a guest’s stay.Today’s episode is all about managing the super important communication around this particular quirk of STR life. We touch on trash pickup and drop off protocols, lawn care appointments, on-site technician visits, pool and spa repairs, and refund scenarios before running down a full list of other equipment and assets which you can schedule preventative maintenance for – all in hopes of avoiding disruptions to your bookings.The key here is communication. We recommend being open with these kinds of details on your listing page and in the rental agreement itself – even pushing alert messages to on-site guests when a service appointment is coming up, just to be extra sure everyone is informed and comfortable in your space.Special thanks to Breezeway, the expert STR hub where we pulled information for today’s episode. To find out more about their amazing property management tools, book a demo at: https://www.breezeway.io/TFV.Resources:Book a demo with Breezeway#STRShareSunday: @thegreenchickadeeThanks For Visiting is produced by Crate Media.Mentioned in this episode:Minoan | Minoan helps short-term rentals and boutique hotels enhance their appeal with their customizable, curated retail platform.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.Breezeway | Go to breezeway.io/tfv to claim your free implementation when you start a Breezeway account.

How can you ethically list your large rental twice to make the most of a bigger property?In Sarah’s example, we split a fourplex in two by installing quality door locks on the two upstairs bedrooms, and listing the property twice: one listing with 4 bedrooms for 8 guests, and the other with 2 bedrooms for 4 guests.With this setup, you can still make the most of your property based on the time of year and local events, by prioritizing the larger listing and making the smaller version unavailable. Then, open up the small listing on select dates or for last-minute bookings.To get the most out of this type of multiple listing (also called a parent-child listing):Offer a lower cleaning fee on the smaller listing versionAvoid automatically-locking door locksBe sure there aren’t major amenities behind the locked door(s), like a WiFi router or fire extinguisherLink your calendar for both listings in Airbnb so that when it gets booked, it automatically blocks off dates for the alternate listing*Flex your pricing based on booking traffic to get the most out of both listings and avoid orphan nightsSet expectations so that guests booking the smaller version of the listing are aware of the restricted areaBut, don’t forget to upsell the larger listing for guests that book and who may be interested in the extra spaceRemember: we’re not advising that you list your same home twice. Platforms like Airbnb use property addresses to help cut down on duplicate listings and prevent spam. Be sure that your two listings are unique and have different check-in instructions to avoid issues with Airbnb.*Note: things change, and Airbnb may change the calendar sync functionality in the futureResources:Our preferred Schlage lock for this setup: https://amzn.to/39zKIPR#STRShareSunday: https://instagram.com/twistedleafcabinThanks for Visiting is produced and published by Crate Media.Mentioned in this episode: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.Minoan | Minoan helps short-term rentals and boutique hotels enhance their appeal with their customizable, curated retail platform.Minoan | Visit MinoanExperience.com and tell them TFV sent you!Breezeway | Go to breezeway.io/tfv to claim your free implementation when you start a Breezeway account.

Dr. Erin Hudson went from being in private practice to moving into single-family investment properties, short-term rentals, and then jumped into the multifamily space and is making big waves! She is one of five founding partners of Quattro Capital, which is an equity real estate firm that buys apartments ranging from 30 units to 250 units. Erin is also a licensed financial professional and helps others create their own family bank to fund their real estate transactions. She is on a mission to help women kick fear to the curb and step out in courage. We discuss how she got started in the early stages of investing, finding the grit and determination needed to be successful no matter the cost, and getting resourceful with what you have in order to get started.Resources:thequattroway.comLinkedIn: linkedin.com/in/dr-erin-hudson-550904aFacebook: facebook.com/erin.c.hudson#STRShareSunday: @theblankfarmhouseThanks for Visiting is produced and published by Crate Media.Mentioned in this episode: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.Minoan | Minoan helps short-term rentals and boutique hotels enhance their appeal with their customizable, curated retail platform.Minoan | Visit MinoanExperience.com and tell them TFV sent you!Breezeway | Go to breezeway.io/tfv to claim your free implementation when you start a Breezeway account.

We’re all about giving a holistic approach to your short-term rental: looking at the whole picture, from safety, marketing, real estate, and more. And while we’ve touched on all of the things you need to buy for your properties, we haven’t discussed how you can best capitalize on the purchases you make to get the most out of them.Kara Greene is an influencer on Instagram with over 47 thousand followers. She shares tips and stories from her own personal finance successes over the last 27 years, including being debt free (yes, even her mortgage), saving up for both of her children’s college educations, and redeeming over $87k in travel points over the last ten years. She shares with us some of the simple ways to get started with travel hacking, how to avoid information overwhelm, and approaching credit cards without taking risks.Resources:auntkara.comInstagram: @aunt.karaGetting Started with Points and Miles Free Webinar (Replay): https://www.youtube.com/watch?v=v0ONX-GKTLI#STRShareSunday: @stoneycreekhideawayThanks for Visiting is produced and published by Crate Media.Mentioned in this episode:Minoan | Minoan helps short-term rentals and boutique hotels enhance their appeal with their customizable, curated retail platform.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.Breezeway | Go to breezeway.io/tfv to claim your free implementation when you start a Breezeway account.

Rachel Gainsbrugh went from being a healthcare professional by day to real estate investor by night in the luxury and corporate short-term rental space to taking on real estate full time. Now, she’s passionate about teaching busy professionals how to create a life they won’t want to vacation from – all by investing in luxury vacation rental and ownership investment in the most profitable markets out there. We talk about what luxury means, how to create that luxury experience your guests are looking for, and how to get started purchasing and renting out luxury properties of your own.Resources:shorttermgems.comInstagram: @short.term.gemsGet a list of the top 75 most profitable cities in the US at 75gems.comVisit thanksforvisiting.me/workshop to watch our Hosting Business Mastery Method workshop!#STRShareSunday: @_theneoncactusretreat_Mentioned in this episode: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.Breezeway | Go to breezeway.io/tfv to claim your free implementation when you start a Breezeway account.Minoan | Minoan helps short-term rentals and boutique hotels enhance their appeal with their customizable, curated retail platform.Minoan | Visit MinoanExperience.com and tell them TFV sent you!

Shopping for your property never gets old. It’s not just about doing it as quickly or cheaply as possible—it’s about putting a piece of yourself and your style into your short-term rental. But while the shopping experience might be fun, there are plenty of parts that aren’t—from seeing the price tag at the end of it all, to juggling tracking and deliveries across multiple brands, and more.Marc is a self-proclaimed boutique geek and is passionate about the future of retail. After spending nearly 6 years working at Jet.com (acquired by Walmart), he quickly realized that the best product experiences don't happen on screens or shelves—they happen in real moments of use “in the wild.” Marc founded Minoan to help hosts create, and capitalize on, rich moments in their homes, save money on everything they need to buy, and spend a fraction of the time on the unsexy things that come along with ordering. Minoan turns your properties into shoppable experiences where guests can order the items they love from your stay, and you make some extra income in the process. We discuss how using Minoan can turn the process of furnishing your rental into a win-win-win for everyone involved.Resources:minoanexperience.comClick here to apply to Minoan: minoanexperience.com/join-usInstagram: @minoanexperienceExample Minoan shoppable property: https://grun-meadow.minoanexperience.comExample Minoan shoppable property: https://villakuro.minoanexperience.com/single-space/spacesGraph: Airbnb vs. Hotel ChainsVisit thanksforvisiting.me/workshop to watch our Hosting Business Mastery Method workshop!#STRShareSunday: @rosehillcottagerappahannockThanks for Visiting is produced and published by Crate Media.Mentioned in this episode: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.

In this episode, we break down the endless opportunities available by making your property as accessible as possible.Lorraine Woodward is founder and CEO of Becoming RentABLE, a new listing platform where she and her team are aiming to change the way the short-term industry looks and redefine what it means to have a truly accessible STR.We talk about what makes a property accessible (or not), how much money the industry is missing out on due to inaccessibility, and what it means to people to have access to amazing vacation rentals like yours. You’ll laugh, you’ll cry, and your mind will be blown. Resources:BecomingRentABLE.comVisit thanksforvisiting.me/workshop to watch our Hosting Business Mastery Method workshop!#STRShareSunday: @welcomesloughfloatinghomeThanks for Visiting is produced and published by Crate Media.Mentioned in this episode: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.