Short Term Rental Secrets Podcast cover image

Short Term Rental Secrets Podcast

Latest episodes

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Mar 29, 2021 • 39min

Ep 45 - NoiseAware: The Must Have Device For Your Short Term Rentals

GUESTS BIO Thank you to NoiseAware for coming on the show and offering STR Secrets listeners an exclusive 20% discount. Follow this link and use code STRSECRETS at checkout http://start.noiseaware.io/strsecrets Michael Goldin - is the director of business development for NoiseAware spearheading partnerships, advocacy, and expansion. He is a Phocuswright 35 under 35 leader committed to bettering the short-term rental industry and happens to be obsessed with travel, volleyball, and his 2-year-old son! HIGHLIGHTS OF THE EPISODE 03:58  Michael’s Intro/Biography. 05:29  Michael’s background and how he got involved with NoiseAware. 07:45  How he got involved with NoiseAware. 09:19  Renting out his house for a game-day-weekends. 11:24  Standardizing NoiseAware. 14:40  Signing up units using NoiseAware as a pitch. 16:48  NoiseAware on countering false complaints. 18:23  NoiseAware product demo. 22:21  How many NoiseAware sensors you need on a property. 23:47  Outdoor NoiseAware demo. 25:59  NoiseAware’s data on how often people have parties on their STR property. 28:22  How to handle guests that trigger the NoiseAware device. 29:48  How Michael Goldin handles noise on his properties. 32:29  NoiseAware’s future plans. 33:10  20% discount code: STRSECRETS 34:16  Where to find out more about Michael Goldin and NoiseAware. 34:55  Their number 1 secret to success with Short-term rentals. Join our Facebook group! www.facebook.com/groups/STRentalsecrets NOTABLE QUOTES (KEY LESSONS): "Everyone always had the same question. How much money am I going to make and how are you going to take care of my home?" - Michael Goldin "NoiseAware - It really helps to keep your neighbors at ease, as much as it does keep yourself at ease." - Michael Goldin "The number 1 reason why regulations happen in markets is because people are concerned about noise, parties, parking and trash." - Michael Goldin "If you're not using it (NoiseAware), it's almost like it's unethical." - Michael Sjogren "As soon as that noise has exceeded the threshold, we're going to send you an alert." - Michael Goldin CONNECTING WITH THE GUESTS LinkedIn: https://www.linkedin.com/in/michaelgoldin1/ Website: https://noiseaware.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices
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Mar 22, 2021 • 58min

Ep 44 - From Mechanical Engineer to STR Host with TJ Tijani

GUEST BIO TJ Tijani - Graduated from the University of Houston with a degree in Mechanical Engineering in 2012. While working in the oil and gas industry, he bought his first investment property in 2015. Between 2015 – 2017, TJ went on to complete several wholesale and fix and flip transactions. He also purchased several rental properties as well. In 2017, TJ discovered the short-term rental strategy and hasn’t looked back. TJ bought and remodeled his first short-term rental property in November 2017. His portfolio now consists of a mix of single and multi-family properties that he buys, remodels, furnishes, and turns into full-time short-term rentals. He also has full-time units that he rents via a rental arbitrage. TJ now teaches and educates others on how they can do the same thing. HIGHLIGHTS OF THE EPISODE 08:57  TJ Tijani Intro/Biography. 09:56  Why you should connect with us in Clubhouse. 10:16  The whole breakdown on how TJ got into the Short Term Rental Industry. 18:46  What the BRRRR strategy stands for. 20:41  TJ’s BRRRR strategy on the arbitrage strategy. 22:52  Why you need to join the FREE Facebook group! 23:26  How you can really make 6 figures in STR Business. 25:28  Why you need to invest in yourself and get educated in this STR industry. 30:48  TJ’s goals for 2021 and how many units does he have now? 32:00  What TJ’s team looks like. 35:39 Third-party cleaning team. 37:19  How much you should pay for your cleaners/handyman? 40:08  Try this for yourself and for your cleaners. 43:32  The most common question and mistakes that an educator gets from their student. 48:46  Where you can find out more about TJ Tijani. 51:03  TJ’s number 1 secret to success with Short Term Rentals. Join our Facebook group! www.facebook.com/groups/STRentalsecrets NOTABLE QUOTES (KEY LESSONS): "I think the most fulfilling thing is being able to show people how to get to this 6 figure bag in this short term rental business." - TJ Tijani "Part of what I teach is this BRRRR strategy to STR strategy." - TJ Tijani "The true value of business is the infrastructure, is the systems, is the actual business that you built." - TJ Tijani "Only 2 percent of the people are really doing it at a high level because they've invested in themselves and they treat it like a business." - Michael Sjogren CONNECTING WITH THE GUEST Facebook community: https://www.facebook.com/ttijani Instagram account: https://www.instagram.com/tjtijani/ Linktree: https://linktr.ee/tjtijani Learn more about your ad choices. Visit megaphone.fm/adchoices
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Mar 15, 2021 • 38min

Ep 43 - How to Automate and Scale your Business with Uplisting Co-Founder Vincent Breslin

GUEST BIO Vincent Breslin - is one of the founders of Uplisting.io. Uplisting helps property managers manage, automate and scale their business. Prior to Uplisting, he ran a similar company focused more on traditional hospitality which he and his partners sold to Tripadvisor. He also worked for HouseTrip which was an Airbnb competitor back in the day.  HIGHLIGHTS OF THE EPISODE 04:17  STR Secrets texting community! Text your questions at 9783216563 05:11  How to find capital to invest? (Texting community question) 08:07  Vincent Breslin’s biography/introduction. 08:53  How Vincent got into the hospitality industry. 10:54  Being an Airbnb host. 12:13  What makes their company unique despite all their competition. 15:03  The 4 pillars that they focus on. 16:07  Their awesome guest verification system. 18:23  How their journey has been ever since they started their business. 20:11  What their team looks like now. 22:39  Which/What kind of hosts their company usually gets. 23:54  Their software/companies top features. 26:42  What Vincent and their company is working on right now. 27:59  What Uplisting.io’s vision. 31:25  An insight on how they felt about the industry during Covid. 33:32  Where can people find out more about Vincent Breslin and Uplisting.io? 34:46  Vincent’s number 1 secret to success with Short Term Rentals. Join our Facebook group! www.facebook.com/groups/STRentalsecrets NOTABLE QUOTES (KEY LESSONS): "If you don't have the expertise in building it (software) and you don't build it with a really reliable framework in the backend, then it can be disastrous." - Vincent Breslin "We took the leap and went full time once we were comfortable and once the business was successful." - Vincent Breslin "When you're building a software, the most important thing to have is high quality engineers." - Vincent Breslin "We're doing a lot of thinking around how we can help you without you having to do interface, whatsoever." - Vincent Breslin "There is automation and advice and implementations that we can provide to you that you will not know about before. Unless you're the biggest expert in the field." - Vincent Breslin CONNECTING WITH THE GUEST Facebook community: https://www.facebook.com/uplisting/ Company Instagram account: https://www.instagram.com/uplistingapp/ Vincent’s Personal Instagram: https://www.instagram.com/breslinv/ Twitter: @upbreslin Website: uplisting.io Learn more about your ad choices. Visit megaphone.fm/adchoices
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Mar 8, 2021 • 39min

Ep 42 - From one room to help pay closing cost to 30+ STR's with Kyle Stanley

GUESTS BIO Kyle Stanley - is an AirBnB operator out of Fresno, CA. Although he has been doing AirBnB since 2015, he didn't truly turn it into a business until May of 2019. When Kyle learned he could operate AirBnB's in homes that he didn't even own, he realized that he could scale the business quickly. In under 18 months, Kyle went from 1 listing to 25 listings, netting over $20K per month. Kyle now teaches others how to replicate his path to success in AirBnB. Kyle is also a real estate investor practicing exit strategies like flipping, wholesaling, creative financing and more. You can tune into his podcast, "The Fearless Investor," to learn more. HIGHLIGHTS OF THE EPISODE 03:29  STR Secrets texting community! Text your questions at 9783216563 04:34  Kyle’s Biography/Introduction. 05:26 The mindset shift that led him to do Short Term Rentals. 07:08  Rental arbitrage or Management model. How he scaled his STR properties. 06:45  #1 lead source for finding management clients. 11:22  What Kyle’s team looks like. 12:21  Who handles their guest communication. 14:01  His payment method towards his assistant/s. 16:36  Find someone who cares about being a part of something big. 20:21  Why it’s difficult to find the best VA for your STR business. 24:18  You must be hungry to evolve and avoid staying in your comfort zone. 25:22  Why Kyle's "Why" hasn’t changed. 27:01  Kyle’s STR business goals for 2021. 28:51  Kyle’s systems on technology and automation. 33:03  A recent mindset shift. 41:31  How to get in touch with Kyle Stanley. 42:48  Kyle’s number 1 secret to success with Short Term Rentals. 37:24  A FREE Airbnb profit calculator giveaway on Kyle’s website. Join our Facebook group! www.facebook.com/groups/STRentalsecrets NOTABLE QUOTES (KEY LESSONS): "I just made money going on vacation. That didn't feel fair." - Kyle Stanley "When you do something unique and you do it well words spread really fast." - Kyle Stanley "You're never going to find someone that cares about the business as much as you but you can definitely find someone who cares about being a part of something big, and being a part of something that makes their life better." - Kyle Stanley "Surround yourself with good people so you can just learn new things every day." - Kyle Stanley CONNECTING WITH THE GUESTS Website: Fearlesskyle.com (Get a FREE Profit Calculator) Instagram & Clubhouse app handles: @fearlesskyle Learn more about your ad choices. Visit megaphone.fm/adchoices
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Mar 1, 2021 • 45min

Ep 41 - The 5 step formula to turning lookers into bookers with Mark Simpson Part 2

GUESTS BIO Mark Simpson - Owns a company called Boostly. He grew up in the UK. His parents owned a boutique/BNB type of property on a farm and when he got older he started looking at something on how to start marketing their business and get more people to come to their property. Over years and years of refining a website and different marketing campaigns, he’s really dialed in on this process and has still continued to evolve that over the last decade. Mark is the guy to learn about direct bookings. He’s got some amazing content on Youtube and on his website. HIGHLIGHTS OF THE EPISODE 02:21  STR Secrets texting community! Text your questions at 9783216563 03:18  Mark’s 5 steps/secret sauce. 04:40  Step 4: Booking stage 05:23  What a PMP/PMS is. 06:45  How to find out if your PMP is right for your business. 08:52  A stupidly shocking statistic! 10:33  A cool website that filters every tester to fit your avatar. 14:01  If you have renters you’re in Mark’s world. 15:28  Buyer’s remorse and how to solve it. 21:36  What can you do to put your guests’ minds at ease. 24:18  How to get 2 months FREE from Hostfuly guide book. 25:22  Why you need to have a digital guidebook. 30:04  How to manage your guest database. 34:31  How to get in touch with our guest Mark Simpson. 40:22  A clubhouse event in a couple of weeks with our guest. 41:31  Be part of Mark’s book, “The book direct playbook”. 42:48  Mark’s best book of all time. You need to join our Facebook group! www.facebook.com/groups/STRentalsecrets BOOKS MENTIONED: Tools of Titans by Tim Ferriss NOTABLE QUOTES (KEY LESSONS): "83% of people have said this. If they have a bad user experience, even at the point of booking, they will leave and they will never come back." - Mark Simpson "The best worst-case scenario is they just go to booking.com and book with you there. The worst case is they go book somewhere else and you've lost that revenue completely." - Mark Simpson "The whole goal of the room (Clubhouse app) is to start, grow and scale your STR business." - Mark Simpson CONNECTING WITH THE GUESTS YouTube Video 1: Boostly.co.uk/listingsites Youtube Video 2: boostly.co.uk/bidonbrand Youtube: http://bit.ly/2WEOm1v Facebook: https://www.facebook.com/mrmarksimpson Instagram: https://www.instagram.com/boostlyuk/ Website: www.boostly.co.uk Clubhouse Link: boostly.co.uk/clubhouse24 Mentioned Link 1: boostly.co.uk/pms Mentioned Link 2: usertesting.com Learn more about your ad choices. Visit megaphone.fm/adchoices
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Feb 22, 2021 • 1h

Ep 40 - The 5 step formula to turning lookers into bookers with Mark Simpson Part 1

GUESTS BIO Mark Simpson - Owns a company called Boostly. He grew up in the UK. His parents owned a boutique/BNB type of property on a farm and when he got older he started looking at something on how to start marketing their business and get more people to come to their property. Over years and years of refining a website and different marketing campaigns, he’s really dialed in on this process and has still continued to evolve that over the last decade. Mark is the guy to learn about direct bookings. He’s got some amazing content on Youtube and on his website. HIGHLIGHTS OF THE EPISODE 03:30  STR Secrets texting community! Text your questions at 9783216563 05:16  Mark’s 5 steps/secret sauce. 07:13  Looking at what big companies spend millions in research. 07:55  $50,000+ in commission to STR platforms. 10:23  The 5 step formula breakdown. 12:51  Step 1: Planning. 15:37  People can’t travel right now but they can plan right now. 17:09  Position yourself in where their eyes will be. 19:49  Utilizing Private (Incognito) mode on your browser for your STR business. 23:43  Short tail keywords. 25:42  Tips to get your property to appear on 80% of local searches. 30:15  Quick recap on the 1st step: Planning. 33:03  Step 2: Research. 36:03  Knowing the importance of pictures and being clever in some way shape or form. 40:22  The Research stage is key. 44:06  Step 1 & 2 quick recap. 44:28  Step 3: Decision. 45:19  3 things that they’re looking for on this stage/step. 45:37  1st: Pricing 47:18  2nd: The Policy. 51:47  3rd: Safety. 53:59  Utilizing technology from Airbnb inquiries only to instant bookings and so on. 57:30  What is a “Rich Snippet” on Google? And how to take advantage of it. 59:10  Why you need to join our Facebook group! www.facebook.com/groups/STRentalsecrets NOTABLE QUOTES (KEY LESSONS): "You can't just sit back. You've got to take one little thing that you can do right now and put it into practice because it does work." - Mark Simpson "January is normally the key booking month. It's where the most bookings come in in the world of hospitality." - Mark Simpson "It's cool to be able to know that what I talk about works elsewhere." - Mark Simpson "What can you be doing at this stage that will knock down all the barriers that will get you a booking that no one else is doing? When everybody's zigging, how can you zag?" - Mark Simpson CONNECTING WITH THE GUESTS YouTube Video 1: Boostly.co.uk/listingsites Youtube Video 2: boostly.co.uk/bidonbrand Youtube: http://bit.ly/2WEOm1v Facebook: https://www.facebook.com/mrmarksimpson Instagram: https://www.instagram.com/boostlyuk/ Website: https://www.boostly.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices
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Feb 15, 2021 • 48min

Ep 39 - From renting a room on Airbnb to 75 unit with Tia Bailey

GUESTS BIO Tia Bailey - Tia is a 29-year-old serial entrepreneur who got into the short-term rental industry because of an internship she had in Brazil. She stayed with an Airbnb family for 3 months and got to experience Brazil like a true local. She realized that this would be an amazing opportunity that her family could take advantage of and when she got home in 2017, she convinced her parents to turn their upper apartment in their home into an Airbnb. Due to the immediate financial success that it had, her parents were able to start paying off their credit card debt and be able to finally start saving. HIGHLIGHTS OF THE EPISODE 03:29  Tia’s biography/introduction. 04:44  How she started her short term rental business. 09:37  Talking partnerships with homeowners. 10:49  The best lead source for the co-hosting model. 13:23  An amazing experience on a networking group called BMI. 15:34  Is Tia doing the Management model or Arbitrage? 23:12  What model she’s using on her new property/project. 29:53  Being the destination. 32:50  Tips and how to look at opportunities. 35:57  A new concept for your short term rental. 38:56  Making money off of your cleaning fees. 43:32  Where can you get in touch and learn more about Tia Bailey. 45:24  Tia’s #1 secret to success with short term rentals. NOTABLE QUOTES (KEY LESSONS): "My whole body resonated and pretty much was like, 'go tell the owner of the building you're taking the entire project.' And so I did." - Tia Bailey "No one's doing what I'm doing on this level and on this scale. So it's crazy but it's been amazing!" - Tia Bailey "I don't care so much about the money coming in because I'm all about the service that's being provided to these guests." - Tia Bailey "I had to become a person of value in order to truly and authentically provide services that would be valuable to anybody and everybody." - Tia Bailey CONNECTING WITH THE GUESTS Facebook: https://www.facebook.com/tia.bailey1 Facebook Page: https://www.facebook.com/permalink.php?id=101495954547923&story_fbid=397976024899913 Instagram: https://www.instagram.com/tiabailey.bnbspecialist/ Learn more about your ad choices. Visit megaphone.fm/adchoices
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Feb 8, 2021 • 40min

Ep 38 - Operating 32 STR Units from Medellin, Colombia with Tim Hubbard

GUESTS BIO Tim Hubbard - Tim started his career in real estate as an investment broker selling multi-family and commercial properties in Northern California. He worked with a small team of five who completed cumulatively over $2 billion in transactions. He has been personally investing in real estate for the last 10 years and has since acquired a multi-million dollar portfolio comprised primarily of small multi-family properties in multiple markets. He has traveled extensively throughout the world in over 70 countries and stayed in hundreds of different short-term rental accommodations. About five years ago he realized the high returns that could be made from converting properties into furnished short-term rentals and renting them by the night. He founded and acts as CEO for Midtown Stays, a short-term rental accommodation company which has successfully accommodated over 15,000 guests with excellent reviews from all over the world. He continues to expand with the help of his teams and manages everything remotely from his home in Medellin, Colombia. He also teaches others to do the same and shows them how they can successfully increase their income 3,4, or even 8x by implementing the right strategies to convert existing long term rentals into nightly rentals through his live events and podcast. He holds a degree in International business and an MBA from the University California of Davis and is co-founder of the amazon best selling book “Resilience, turning your setback into a comeback” HIGHLIGHTS OF THE EPISODE 03:08  Tim’s biography/introduction. 05:11  How Tim started going into short term rentals. 06:51  Tim’s journey when he started scaling his STR properties. 08:34  From buy and hold to his 1st STR lease arbitrage 10:41  What Tim’s team looks like. 12:36  Tim’s properties from 3 different markets. 13:37  Quitting his commercial broker career. 14:34  Tim’s thought process when analyzing deals. 17:33  Expanding operations to Columbia. 20:14  Tim’s goals for 2021. 22:46  How Tim ended up planning to have a laundromat business. 25:29  Running a laundromat as a separate business. 28:35  Who handles their guest communication? 29:47  A phone system? 30:58  Tips and outlook for 2021. 37:17  Where to find out more about Tim Hubbard. 38:24  Tim’s #1 secret to success with short term rentals. NOTABLE QUOTES (KEY LESSONS): "The legislation can make a big difference too, where the properties are." - Tim Hubbard "In terms of ease and return, it's so much easier in the US from what I've found." - Tim Hubbard "We have the lowest interest rate in history. If the rents are paying it then it's like you're getting a free property." - Tim Hubbard "We always have our ups and downs but if we just keep doing a little bit everyday then before we know it we're in this cool project and things are going well." - Tim Hubbard CONNECTING WITH THE GUESTS Website: www.restmethods.com Podcast: https://podcasts.apple.com/us/podcast/short-term-rental-riches/id1488518397 Learn more about your ad choices. Visit megaphone.fm/adchoices
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Feb 1, 2021 • 47min

Ep 37 - From 0 to 300 Units in 20 Months with James Murphy

GUESTS BIO James Murphy - started his short term rental journey in the UK just 2 years ago with his wife Stephanie. In 2 years they have grown their portfolio to over 300 properties and are on track to end 2021 with 500 units. James is passionate about the industry and helping others get started and scale their short term rental business. You can visit James' website https://opulentlivingnow.com HIGHLIGHTS OF THE EPISODE 04:06  James’ biography/introduction 05:10  How James started their short term rental business. 11:42  How he runs all his properties. 12:28  How they transitioned their model. 15:18  Their revenue split with their investors. 16:18  How they manage their investor's properties. 17:15  Their 1st-year evolution from a business and team standpoint. 24:22  How their economy of scales works. 27:51  Their partnerships. 29:56  Theirs systems and how it evolved to help automate their properties. 36:50  How tinkering/tweaking some systems can create 6 figure bumps. 38:53  What James would do if he had to restart everything from scratch. 42:26  Where can people learn more about James Murphy? 44:04  James’ secret to success in short term rentals. NOTABLE QUOTES (KEY LESSONS): "We don't think we've got all the answers or have arrived at any kind of destination but very much still learning on the job and figuring out how we can be excellent in the industry." - James Murphy "You have to have a very strong interiors team that can not only get the apartments off the ground when you're launching 10/20 a week but also maintain that quality and excellent and visual appeal in the process as well." - James Murphy "We're not trying to do it all at once. We're just trying to day by day add little tweaks, little changes, get a little bit better. Improve, improve, improve." - James Murphy "If you're going to go somewhere you've got to be more towards the end of the spectrum where you're willing to take some risk." - James Murphy CONNECTING WITH THE GUESTS Instagram: @jameszmurphy Website: https://opulentlivingnow.com Learn more about your ad choices. Visit megaphone.fm/adchoices
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Jan 25, 2021 • 54min

Ep 36 - From a 1 Bedroom to over 4,000 units with Braydon Ross

GUESTS BIO Braydon Ross - the co-founder of an STR company called Plenty of Villas and goes by @mrairbnb on Instagram. We help management companies and luxury boutique hotels increase occupancy and revenue. Braydon has a portfolio of over 2,000 short term rentals HIGHLIGHTS OF THE EPISODE 02:37  Braydon’s biography/introduction 05:26  How Braydon got into real estate and short term rentals. 13:59  Targeting the top 1% for Airbnb. 19:37  Braydon’s team at 4000 units. 28:17  Braydon on handling guest communication. 30:37  Braydon’s best advice. 35:05  How to identify the people that you’re looking for. 40:51  Otis joined in on the podcast and shared their “Secret Sauce” pitch. 48:31  What to ask after getting a ‘NO’. 51:03  Where can people get in touch with Braydon and Otis. 52:19  Braydon’s #1 secret to success in short term rentals. NOTABLE QUOTES (KEY LESSONS): "School was never gonna teach me what I learned, it was more of like let's just fail and learn that way." - Braydon Ross "The reason why I'm not scared to come out and be on podcast and say this model to people is because 99% of people will just listen to it." - Braydon Ross "You have to show performance in value." - Braydon Ross "All those objections are what they're looking to have answered. So just answer them." - Braydon Ross CONNECTING WITH THE GUESTS Recommended Softwares: www.airdna.co, www.bnbvestor.com and www.mashvisor.com Braydon Ross’ Instagram: https://www.instagram.com/mrairbnb/ Otis Jeffers’ Instagram: https://www.instagram.com/bnbmamba/ Website: www.plentyofvillas.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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