Short Term Rental Riches

Discover clever strategies to cut down on utility costs in short-term rentals! Learn how solar energy and smart home technology can help boost profitability. The podcast offers practical tips for property owners and guests alike to use utilities more responsibly. Plus, explore water-saving fixtures that can make a big difference in expenses. Tune in for money-saving insights that help you keep more cash in your pocket!

Doesn’t it hurt a little bit to look at your calendar and see those one day gaps without any guest checking in? Lost opportunity, lost revenue. Maybe you’re not offering one night stays because the work involved seems to be too much for the revenue you generate. Maybe you’re worried you will have guests rent the one nighter to throw a party. Maybe you just don’t know how to price it effectively. We are going to dive into all of these questions and more all around the subject of “Should I offer one night stays at my rentals.” I have gone back and forth with this in the past and I want to explain both sides including:    What is an “orphan day” How to price your one night stays  The effects of one night stays on your housekeeping staff Will they attract “party” guests and how can i monitor that When should I offer one night stays? How far out?  Leaving money on the table Want a crash course in just two days with everything you need to know to find, acquire and operate a short-term rental with passive operations? Good news! We have our  latest live webinar recording available!   Are you enjoying the podcast? Please subscribe, leave a rating and a review, and share it! This helps us reach others that may find the info helpful as well. You can find all of our links here including our website, webinar, Instagram and more!

Discover the essential steps of conducting market research before investing in short-term rentals. The hosts share their firsthand experiences visiting Florida and Texas, focusing on finding the right neighborhoods amidst soaring property values. Special attention is given to the booming investment scene in San Antonio, where favorable regulations are paving the way for growth. Tune in for tips on connecting with local brokers and insights from recent property tours!

The latest discussion dives into the tricky topic of evicting guests from short-term rentals. It covers essential strategies for managing difficult situations, emphasizing the value of clear house rules and solid communication. Real-world examples illustrate the complexities of guest evictions, and listeners learn the right steps to take if they ever find themselves in a bind. It’s a must-listen for anyone navigating the world of vacation rentals!

Sleep is crucial for guest satisfaction, and noise can be a major disruptor. The discussion highlights effective ways to address sound issues in rental properties. Soundproofing and managing expectations are key strategies. Additionally, using white noise machines can enhance guests' experiences, ensuring they have a restful stay. Attention to both sound and light can significantly improve reviews and guest moods. Join the conversation to discover how to create that perfect quiet space!

It’s official! I'm the proud owner of a new property in Brazil. It’s a bit surreal to branch out of the country where you were born and take a claim in a totally different culture, climate, and piece of the world. The world is a big place and we have so much to learn from it. I talked about it before on a prior podcast but now that the process is complete I want to recap my experience and provide the takeaways.   Research I did before (coming and purchasing) Who I worked with Where it is and why I think it was a good deal How I “financed” it without a bank.  Preparing for a remote renovation Meeting with my future team prematurely (House keeping / management)   Want a crash course in just two days with everything you need to know to find, acquire and operate a short-term rental with passive operations? Good news! We have our latest live webinar recording available! Are you enjoying the podcast? Please subscribe, leave a rating and a review, and share it! This helps us reach others that may find the info helpful as well. You can find all of our links here including our website, webinar, Instagram and more!

The discussion kicks off with a quote about adapting to change, which resonates deeply in the fast-evolving short-term rental landscape. The speaker shares their journey of switching property management platforms, detailing the new options that have emerged. They discuss the challenges of converting systems and reveal insights into the selection process of their new platform. A comparison of various property management software options emphasizes finding the right fit, offering valuable guidance for listeners navigating this dynamic industry.

Discover how recording tools can transform short-term rental management! Learn why documenting procedures is essential for efficiency and how using Loom can streamline communication. A comparison with Camtasia highlights the unique benefits of each tool. With insights from accommodating over 15,000 guests, this discussion emphasizes the importance of staying organized and on the same page. Plus, find out about a crash course for mastering short-term rental operations!

We’ve all gone virtual! So why are you limiting yourself and your team to those that you live near? I hope you are not. While we do need an “on-the-ground-team” for our short-term rentals we can do most things virtually. So if you haven’t yet hired a virtual assistant this week we are going to dive in to that. We’ll cover: Where I look  What others recommend Why I like working with filipinos Why you shouldn’t feel guilty paying a “low” wage How long does it take to find a good candidate?  Maximizing your time looking for candidates Want a crash course in just two days with everything you need to know to find, acquire and operate a short-term rental with passive operations? Good news! We have our latest live webinar recording available! Are you enjoying the podcast? Please subscribe, leave a rating and a review, and share it! This helps us reach others that may find the info helpful as well. You can find all of our links here including our website, webinar, Instagram and more!

Over the years my team has been growing slowly but surely. We’re now working regularly with people in 5 different time zones and four to five different countries! Im surprised it took me so long to implement this new tool (Slack) but we finally have! Maintaining clear transparent communication is essential to smooth operations and this has made things waaay easier...And it’s so easy to use! I want to share with you this week the main features, how it’s helped our team, and why you should definitely consider using it. What is Slack?  The main and best features: What we use it for in our STR business  Integrations with Zoom, Google Calendar, Google drive & storage What does it cost? Want a crash course in just two days with everything you need to know to find, acquire and operate a short-term rental with passive operations? Good news! We have our latest live webinar recording available! Are you enjoying the podcast? Please subscribe, leave a rating and a review, and share it! This helps us reach others that may find the info helpful as well. You can find all of our links here including our website, webinar, Instagram and more!