Short Term Rental Riches

How could rising tariffs at the Canadian and Mexican borders possibly affect your Airbnb? Turns out, quite a lot. In this episode, we break down how new 25% tariffs could increase your renovation and furnishing costs—and what you can do to prepare for a tighter margin environment. • Discover how new tariffs can increase your construction and renovation costs by 10% or more. • Learn why your furniture and appliance budget needs to grow—and how to plan for it. • Understand how these price hikes impact international travel, guest spending, and your occupancy. • Get actionable tips on using dynamic pricing tools like PriceLabs and AirDNA to stay competitive. • Find out how to prep for longer lead times, inventory issues, and future-proof your STR investments. Tariffs may sound like far-off policy shifts, but they’re already working their way into your operating budget. Stay informed, adjust your strategies, and protect your margins by staying ahead of these shifts. Don’t forget to subscribe, share the episode, and tap into the resources below. Resource Links: Check out our videos on YouTube: https://www.youtube.com/@ShortTermRentalRiches Grab your free management eBook: https://strriches.com/#tools-resources Looking to earn more with your property (without the headaches)? Chat with our expert management team: https://strriches.com/management-services/

Lydia Patel, a short-term rental owner and content creator, shares her inspiring journey of balancing motherhood, a full-time job, and managing rentals. She discusses how she scaled her business from a backyard host to thriving in Florida, emphasizing the importance of choosing the right market and utilizing tools like ClickUp and Asana for organization. Lydia reveals her strategies for smooth operations, even while traveling, and the value of hiring local assistants. Her practical tips make it clear that a stress-free, family-friendly rental business is achievable.

Think long-term tenants cause less damage than short-term guests? Think again. In this episode, we dive into surprising data from Tim’s personal portfolio showing how short-term rentals can actually reduce your maintenance costs. Discover the real numbers, real stories, and real savings that might change your rental strategy forever. Why long-term rentals may cost you more in the long run—especially after tenant turnover Real-world maintenance savings Tim uncovered over 10+ years of STR operations How frequent cleanings and guest stays actually help preserve your property The secret power of proactive maintenance in short-term rental success What landlords often overlook when calculating true maintenance costs Short-term rentals aren’t just higher income—they can actually be lower maintenance, too. If you’ve only considered LTRs for their “ease,” this episode may shift your thinking. Want to keep learning? Don’t forget to subscribe, share this with a fellow investor, and check out our helpful resources below. Resource Links Check out our videos on YouTube: https://www.youtube.com/@ShortTermRentalRiches Grab your free management eBook: https://strriches.com/#tools-resources Looking to earn more with your property (without the headaches)? Chat with our expert management team: https://strriches.com/management-services/

What happens if a guest damages your short-term rental and they booked through Booking.com? Good news: they now offer host protection. But it’s not as great as it sounds... In this episode, we break down the truth behind Booking.com’s new damage policy, what’s covered, and why you still might want to stick with deposits. 5 Key Takeaways: • The Damage Policy Breakdown: Booking.com now offers a host damage protection program, but it’s filled with fine print and limitations. • Deposits vs. Damage Program: Learn why collecting a deposit might offer stronger protection than relying on Booking.com’s mediation process. • The Shocking Fine Print: Discover what’s not covered—like extra cleaning, pet damage, smoking, or even rule violations. • How to Set It Up (Step-by-Step): A walkthrough on how to activate the damage policy within the Booking.com extranet settings. • Our Recommendation After 50,000 Guests: Hear why Tim and his expert team still favor deposits and what evidence you can’t use in a damage claim. This episode is a must-listen for any host using, or considering, Booking.com. Knowing how to protect your rental can save you thousands and major headaches.  Resource Links: Check out our videos on YouTube: https://www.youtube.com/@ShortTermRentalRiches Grab your free management eBook: https://strriches.com/#tools-resources Looking to earn more with your property (without the headaches)? Chat with our expert management team: https://strriches.com/management-services/

Your reviews don't just reflect guest experiences—they create them. In this essential episode, we're breaking down how guest expectations (shaped by prior reviews) can make or break your reputation. Discover the psychology behind reviews, how many you need for protection, and actionable ways to build your "safety net."  Key Takeaways: Why guest reviews are shaped more by expectations than just the actual stay How negative reviews influence new guests to look for flaws  The critical "40 review" milestone where bad reviews hurt less  How clean communication can buffer against mistakes and save reviews  The importance of consistency and exceeding expectations to maintain stellar ratings Your reviews are doing more than you think—they're marketing for you. Stay sharp and proactive to avoid the downward spiral of negative feedback. Tune in to learn exactly how many reviews you need to create a safety net and ensure your short-term rental thrives. Don't forget to subscribe, share, and tap into our free resources below. Check out our videos on YouTube: https://www.youtube.com/@ShortTermRentalRiches Grab your free management eBook: https://strriches.com/#tools-resources Looking to earn more with your property (without the headaches)? Chat with our expert management team: https://strriches.com/management-services/

Discover how small tweaks can lead to a major revenue boost for short-term rentals. Learn the importance of optimizing listing photos and descriptions for better bookings. Find out why dynamic pricing can save you thousands compared to flat rates. Uncover the benefits of distributing across multiple channels to ensure steady revenue and protection against platform changes. Plus, fast and effective guest communication can elevate your business, while stacking these strategies can lead to impressive growth and success.

We’ve talked about Booking.com before, but in 2025, it’s more important than ever to take it seriously as a revenue-driving channel for your short-term rental. In this episode, we’re diving deep into why Booking.com deserves a place in your strategy this year—and how to set it up for success. Whether you're brand new to the platform or you've tried it before and tapped out, we’re covering everything you need to know: Why Booking.com is a gold mine (especially for international and business travelers) Step-by-step walkthrough on setting up your property Key differences from Airbnb and VRBO How to handle payments (including new features like Payments by Booking) 2025 updates to know—AI tools, damage protection, visibility boosters, and more Mistakes to avoid and tips to boost visibility and guest quality Plus, why your photos, cancellation policy, and guest screening process really matter If you’re only on Airbnb or VRBO, you’re leaving money on the table. This episode gives you the tools to change that. Looking for hands-off help? Visit striches.com and see how our team can manage your property for you. Check out our videos on YouTube: https://www.youtube.com/@ShortTermRentalRiches Grab your free management eBook: https://strriches.com/#tools-resources Looking to earn more with your property (without the headaches)? Chat with our expert management team: https://strriches.com/management-services/

Automated pricing tools might not be as effective as you think. Discover five major reasons they can fail, from inaccurate data to the pitfalls of one-size-fits-all pricing. Unique properties and rural locations often throw off automated strategies. Learn how top listings risk being underpriced without manual adjustments. Hidden fees can also distort your pricing across platforms. Get insights on maximizing your rental income and stay ahead with smarter pricing strategies.

Are you ready for a packed summer rental season? Discover seven essential strategies to refresh your listing and attract high-value guests. Learn how to enhance your property’s visibility and create a summer-friendly appeal. Understand booking trends and optimize your pricing strategy. Explore the power of a digital guidebook to elevate guest experiences and secure those coveted 5-star reviews. Don’t wait until it's too late—get your rental ready to shine this summer!

Dave Zook, founder of Zook Cabins, shares his expertise in modular cabin construction for short-term rentals. He highlights why smaller, high-quality units can yield impressive returns, offering investors a chance to start with one before scaling. The conversation covers the advantages of tax-friendly depreciation and the simplicity of turnkey solutions. Zook also discusses how off-grid options and Starlink technology are making remote rentals more viable. This episode is packed with strategic insights for maximizing profits in the evolving rental market!