Get Paid For Your Pad | Airbnb Hosting | Vacation Rentals | STR Revenue Management

Not only is sustainability important from an environmental perspective, but it’s also a growing trend in the travel industry. According to studies done by Booking.com and Expedia, about 80% of people consider the values of a property to be a factor in their booking decision. When booking, travelers are beginning to research whether properties are using green cleaning products, reducing single-use plastic, and using energy-efficient appliances and lighting. And sustainability is not just a trend; it’s a critical aspect of our future, and now is the time for short-term rental hosts to begin embracing the concept of becoming more sustainable.But we all know hosts generally don’t have much time to spare or funds for upgrades‌. So, what can short-term rental hosts do to become more sustainable without investing a lot of time and money?Vanessa de Souza Lage is the Founder & CEO of Sustonica, the 1st sustainability recognition specifically for short-term rentals. With their standard for vacation homes based on 7 of the United Nations Sustainable Development Goals, Sustonica is committed to helping you prove to travelers, owners, employees, and investors that you’re committed to environmental sustainability.Today on “Get Paid For Your Pad,” Vanessa joins me to share some easy steps STR hosts can take to make their properties more eco-friendly. She’ll share how you can become a more sustainably focused host in just 15 minutes without emptying your wallet. We discuss the 40 points outlined by Sustonica, which you can use to make your propertie(s) more environmentally friendly, along with some technological solutions available to help guests track their energy usage while staying at your property. Listen in to learn how you can stand out from the competition and attract environmentally conscious travelers by highlighting your commitment to sustainability on your website while having a real impact on the environment. Topics Covered The importance of sustainability in the short-term rental industry.Detailed strategies and cost-effective ways hosts can become more sustainableThe role of hosts in educating their guests on sustainabilityHow to qualify for the badges Sustonica offers for meeting sustainability criteriaThe proven marketing benefits of embracing sustainability for short-term rental hostsConnect with VanessaVanessa de Souza LageSustonicaResources Take the Sustainability CertificationGet Paid For Your Pad on YouTubeLegends X STR AcceleratorGet Paid for Your Pad Email ListSubscribe to GPFYP on Apple Podcasts FREE Airbnb Starter GuideOvernight SuccessEmail team@overnightsuccess.io Hosted on Acast. See acast.com/privacy for more information.

"We're delivering what a host needs, not what a host wants." Being a short-term rental host can be a demanding and stressful experience. Growth without a plan can cause you to work around the clock, sacrificing your evenings, weekends, and even holidays to attend to customer service and maintenance issues. With all of that going on, it's easy to get bogged down, become a hectic host, AND lose sight of the joys of success. But there is another way. So, how can you find a better work-life balance while setting and achieving the goals that will help you build a sustainable short-term rental brand you can be proud of? On this episode of STR conversations, Eric and I are celebrating the 2nd anniversary of our Legends X program by sharing our journey and unveiling the results we've achieved as we've led nearly 300 hosts through the program. We'll give listeners a look at the driving force behind our mission to transform STR companies into thriving hospitality empires by packing years of wisdom and experience into a transformative 90-day program to ensure our students achieve REAL, tangible results. Listen in to discover the secret to Legends X's success: our unwavering commitment to delivering exactly what hosts need to succeed rather than what they want.We'll share a behind-the-scenes look at how one of our students went from a hectic host to spending months exploring the world's greatest surfing spots. Plus, we're excited to announce new FREE trainings every Wednesday for our listeners. Beginning with the first one, called "The BNBbust is BS," launching Wednesday, February 15th. Sign up now to secure your spot. And if you want to join our next class of Legends X, click here! Topics Covered The impact of the COVID-19 pandemic on the short-term rental industryThe importance of having a clear vision and systems in place in a short-term rental businessUnlocking the power of mindset transformation through accountable actionThe biggest impact our Legends X course has had on the lives of the STR hosts who've completed itWhy it's essential to turn away from hectic host practices in order to scaleHow Legends X helps hosts implement years of learning in 90-days for faster results ResourcesSign Up for the FREE TrainingBe a Part of the Next Class of Legends X STR AcceleratorFREE Airbnb Starter GuideSubscribe to GPFYP on Apple PodcastsGet Paid for Your Pad Email ListEmail jasper@getpaidforyourpad.comSponsor Legends X STR Accelerator Hosted on Acast. See acast.com/privacy for more information.

 The COVID-19 pandemic has profoundly impacted how we live and work, and one of the most significant changes has been the rise in remote work. This has resulted in increased travel by digital nomads who can work from anywhere, increasing the popularity of short-term rentals.This shift has also brought attention to the affordable housing crisis, leading to stricter regulations on short-term rentals by local, state, and global authorities.But advocates and local alliances are deploying more strategic strategies, with fewer groups passively accepting potentially illegal regulations.So how can short-term rental hosts join forces and engage at the local level to create a nationwide impact?Dana Lubner is the head of advocacy at Rent Responsibly, working closely with local alliance leadership teams to ensure their success and collaborating with local alliance teams to achieve their goals. Before this, she co-led Effortless Rental Group, a property management firm in Colorado, with her brother. When Denver implemented regulations that threatened the growth of short-term rentals (STRs) in her community, she acted. Additionally, she sits on Denver's short-term rental advisory committee (STRAC) alongside City Council members.Today on Get Paid for Your Pad, Dana joins me to discuss the trends she sees in short-term regulations.We discuss the best practices for hosts to build bridges with their local policymakers and the three ways you can make an impact in your local area.Listen in to learn how you can join forces to start your own STR alliance, the resources available to you through Rent Responsibly, and the unexpected benefits for hosts who get involved in advocacy in their local area.Topics CoveredHow Dana got into the STR AdvocacyDana shares current trends in the STR regulation landscapeWhat is the effect of short-term rentals on local housing pricesHow having a cap on the number of STR licenses issued might be a good thingHow hosts can build bridges with their local policymakersThe benefits of starting your own STR allianceBest practices to build rapport with the policymakers in your areaThe three ways to make an impact in your local areaDana shares how to start your own STR allianceWhy you might want to make your alliance a 501(c)(6) organizationThe secondary benefits of forming your own STR allianceHow small local wins can create ripple effects nationwideConnect with DanaHow to Save Your Vacation Rental Business on Apple PodcastsRent ResponsiblyResourcesDIY Alliance - Rent ResponsiblyGet Paid For Your Pad on YouTubeLegends X STR AcceleratorFREE Airbnb Starter GuideSTR Profit AcademyOvernight SuccessEmail team@overnightsuccess.io Hosted on Acast. See acast.com/privacy for more information.

Are you ready to grow your short-term rental brand, but the restrictions being put into place in cities across the country to limit the number of Airbnb’s keeps you from making any traction? What if there was a way to unleash the full potential of your STR brand without running into asset-class regulations? On this episode of "Get Paid for Your Pad," Eric and I share the potential for STR businesses to grow by buying boutique hotels, cabin communities, and other aging vacation rental properties whose owners are retiring after years of operation and established clientele but possibly outdated business practices. We break down how we took an old vacation rental community tucked in the picturesque mountain town of Idyllwild, California, and revitalized it. And how by incorporating modern amenities, enhancing marketing and messaging, and streamlining operations, we boosted occupancy and ADR within the first 45 days, creating the cornerstone of our brand, Freewyld. We'll share the tools and trends adopted by both small businesses and industry giants to collaborate with seed capitalists and scale their brands, with insights from students and alums of the Legends X Program. Listen in as we explore the opportunity to take something old and make it new, grow your brand, and bring something unique, and lasting to the STR industry. Topics Covered How to map out your nationwide Airbnb domination without running into asset class regulationsHow modernizing old hotel 'campy' vacation community properties can increase your bottom line and equityHow you can use technology and tools to move off the "back of the napkin" management style to compete more efficiently in today's STR marketplaceWhat's the most significant difference between a STR and a hotelThe quest by hotels to emulate some qualities of the Airbnb movement to improve the guest experienceResources Hicksville Trailer PalaceOur Story - Bolt Farm TreehouseGet Paid for Your Pad Email ListLegends X Short-Term Rental AcceleratorSTR Legends MastermindSubscribe to GPFYP on Apple PodcastsEmail jasper@getpaidforyourpad.comSponsorLegends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

So, you’re looking to buy a short-term rental property but nervous about its potential to make money. What if you could buy a STR that’s already doing well on Airbnb? Alex Breen is Founder of BnB Buyer, a biweekly newsletter and website where you can find existing short-term rental properties that are on the market. On this episode of Get Paid for Your Pad, Alex joins me to explain how he identifies properties that have a STR history for BnB Buyer and which markets have good deals on existing short-term rentals right now. Alex walks us through the advantages of buying an existing STR versus a home without a history on Airbnb and discusses the downside of limiting your search to existing short-term rentals. Listen in for Alex’s insight around trends in the STR market in the last 12 months and learn how BnB Buyer can help you de-risk the process of buying short-term rental properties for your portfolio! Topics CoveredHow Alex’s own search for STR properties inspired the creation of BnB BuyerHow Alex identifies properties that are good candidates for Airbnb or likely to have a STR historyThe advantages of buying existing STRs vs. homes without a history on AirbnbWhy selling an existing STR as a business adds value to the propertyWhy Alex hasn’t seen a significant price difference between existing STRs and comparable properties in the same areaHow most properties on BnB Buyer bring in 15% to 20% gross revenue to purchase priceThe disadvantages of limiting your property search to existing short-term rentalsAlex’s insight around trends in the STR market in the last 12 monthsWhy real estate prices have come down a little (but not enough to offset interest rates yet)What markets Alex suggests for finding good deals on existing STR propertiesConnect with Alex BnB Buyer Resources  AirDNARabbuMashvisorOvernight SuccessSTR Profit AcademyGPFYP on YouTubeGPFYP on InstagramSTR Legends MastermindFREE Airbnb Starter GuideReview GPFYP on Apple Podcasts  Email team@overnightsuccess.io Sponsor Legends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

Over the years, there have been a lot of changes in the Airbnb model. What started as people renting out a room in their home has become an industry with over 5 million active listings worldwide, hosting half a billion guests a year. People have realized that true wealth is built through real estate ownership. But how do you generate the cash flow you need so you can scale? On this episode of "Get Paid for Your Pad," Eric and I share the trends in the STR industry. We bring our extensive industry experience and perspective as coaches to the forefront to offer you an inside look into what works (and what doesn't). We break down the 3 industry business models and which work best to put you on the fast track to STR wealth for people looking to grow their brand by acquiring more properties. We discuss which business models work for the long haul (and which don't) in order to help you determine where to focus your money, time, and attention now. Listen in as we weigh in on how to use these models to generate cash and build your teams and systems so you can build generational wealth and create the brand of your dreams. Plus, an updated look at what's next for our Freewyld brand in 2023. Topics Covered Why Eric is not a fan of the rental arbitrage business modelHow to leverage the management model to cash flow your STR businessJasper shares what he has learned over his years in the industryThe best way to generate cash flow (and WEALTH) for your STR businessWhat is Propco and OpcoOur goals for Freewyld for 2023The biggest challenges we've faced in building our brand and the action we're taking to achieve our goals fasterResources The Spirit to Serve Marriott's WayGet Paid for Your Pad Email ListLegends X Short-Term Rental AcceleratorSTR Legends MastermindSubscribe to GPFYP on Apple PodcastsEmail jasper@getpaidforyourpad.comSponsorLegends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

Blockchain was introduced in 2008 as part of the model for Bitcoin. And while several STR projects have come and gone in the years since, we have yet to see any concrete implementation of blockchain technology in the short-term rental space. Then again, the first web application launched in 1981, but the internet didn’t gain traction until the mid-1990’s. So, is blockchain technology likely to revolutionize the STR industry? Technology Expert Igor Kostin serves as Cofounder and CTO of iGMS, a vacation rental management platform dedicated to helping hosts grow their hospitality business faster. On this episode of Get Paid for Your Pad, Igor joins me to discuss the evolution of iGMS, describing how it started as a marketplace for cleaners and grew into a full PMS that serves 500,000 STR listings. Igor offers advice on testing user experience to decide what property management system is right for you and explains why there will be fewer PMSs to choose from in the next five years. Listen in for Igor’s insight on the role of technology in the future of short-term rentals and learn how you might leverage robotics, AI and blockchain to benefit your Airbnb business! Topics CoveredIgor’s background in custom technology and software developmentHow iGMS started as a general marketplace for cleaners before focusing on AirbnbsHow managing STRs himself inspired Igor to build tech to streamline operationsWhy Igor and his business partner Ivan tackled automated messaging firstWhy Igor and Ivan turned their messaging system into a software product for other hostsHow iGMS evolved into a full PMS system that serves 500,000 STR listingsIgor’s advice on testing UX to decide what PMS system is best for youWhy Igor predicts fewer PMSs in the STR market in the next 5 yearsHow the trend to remote work might influence the STR industry moving forwardIgor’s take on how blockchain technology might benefit STRs in the next 5 to 7 yearsHow hosts can use AI like Chat GPT for content creation or graphic designConnect with Igor Kostin iGMS [Discount Code GPFYP]iGMS Product Webinar Sign-Up Resources  Guesty’s Acquisition of Your PorterChat GPTSTR Profit AcademyGPFYP on YouTubeGPFYP on InstagramSTR Legends MastermindFREE Airbnb Starter GuideReview GPFYP on Apple Podcasts  Email team@overnightsuccess.io Sponsor Legends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

#BNBBUST has been trending on social media since the fall of 2022. But does the slight downturn in the short-term rental market really indicate a bubble about to burst? On this episode of STR Conversations, Eric and I continue our discussion of what we learned in 2022, explaining why we’re all-in on short-term rentals regardless of what the YouTube gurus say. Eric shares his commitment to believe in our STR product and fight like hell for his people, and we explore the benefit of taking days to fully disconnect from the day-to-day of your STR business. Listen in for insight on navigating the ups and downs of the Airbnb market and learn how to take advantage of the massive opportunity for hosts who are all-in on developing a unique hospitality brand in 2023! Topics CoveredWhat we learned from losing a powerful team member to another opportunityWhat it means to believe in the STR product you provideWhat happens when you allow doubt to dictate your decision-makingHow to get to a place where you feel confident about your Airbnb businessThe benefit of celebrating your wins and recognizing the impact you make on the worldWhy it’s crucial to take days where you fully disconnect from the day-to-day of your businessWhy list-it-and-forget-it is a thing of the past as the STR market maturesThe massive opportunity for hosts developing unique hospitality brandsWhy a slight decline in consistent growth doesn’t necessarily indicate a bubble burstHow to navigate the ups and downs of the STR businessWhat Airbnb business models are most affected by a downturn in the marketResources  Ace Hotel AcquisitionAirbnb 2022 Q3 Financial ResultsAirDNASTRInsightsTransparentMADOFF: The Monster of Wall StreetOvernight SuccessSTR Profit AcademyGPFYP on YouTubeGPFYP on InstagramSTR Legends MastermindFREE Airbnb Starter GuideReview GPFYP on Apple Podcasts  Email team@overnightsuccess.io Sponsor Legends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

More people are living a digital nomad lifestyle or working remotely while on the go making Wi-Fi connectivity front of mind to make those vital business connections and close deals. Plus, more people are investing in family travel experiences, and at the end of a day of adventures, they want to come together to unwind by streaming their favorite TV shows or movies. All these things are making internet connectivity and reliability a top priority when booking a place to stay for today's STR guests. So, how can you assure your guests that your property's internet performance fits the bill for their lifestyle and connectivity needs? Philip Pickard is the Co-founder & CEO of Speedy, Wi-Fi verification. Speedy is a global company offering Wi-Fi verification tools designed to enable remote workers, travelers, and world explorers to accurately assess internet connectivity when booking a STR property while helping hosts increase customer satisfaction for more bookings. Today on Get Paid for Your Pad, Philip joins Jasper to discuss the genesis behind Speedy and the pain points that led to their quest to solve Wi-Fi connectivity issues. Listen in to learn how hosts share real-time Wi-Fi data to their direct booking website (or Airbnb listings) to get a leg up on the competition and attract those travelers with bandwidth requirements for more bookings and repeat guests. Great news! The Speedy Team will waive the installation fee if you mention Get Paid for Your Pad when you contact them. Click here to fill out the contact form on their website or reach out to Philip via email. Topics Covered The two-pronged reason why Speedy jumped into this marketHow to get the full story on the reliability of Wi-Fi in today's digital worldHow Wi-Fi data drives the STR property selection processHow Speedy offers real-time location-based Wi-Fi data for your propertiesHow you can use your Wi-Fi rating to attract travelers with bandwidth requirementsJasper provides a live demo of Speedy on Get Paid For Your Pad YouTube ChannelWhy you should add your Wi-Fi data to your Airbnb listingsHow to use your Wi-Fi data to protect against refund requestsThe 3 biggest benefits of the Speedy serviceConnect with Philip Pickard Philip Pickard - Co-founder & CEO - Speedy Wi-Fi | LinkedInSpeedy - Wi-Fi verification for rental propertiesResourcesGet Speedy - Waive the Installation FeeGet Paid For Your Pad on YouTubeLegends X STR AcceleratorSubscribe to GPFYP on Apple Podcasts FREE Airbnb Starter GuideOvernight SuccessEmail team@overnightsuccess.io Hosted on Acast. See acast.com/privacy for more information.

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