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

It's helpful for property management companies to use multiple Airbnb accounts to simplify overseeing numerous properties. But what are the pros and cons of managing several accounts? And how can you set things up for more autonomy? Jason Sterner is the Founder and CEO of Southern Homestay, LLC. Since its inception in 2017, Southern Homestay has strived to create exceptional experiences for its guests while helping investors turn their property liability into income-producing assets through Airbnb. The company aim is to serve people well while building long-term, lasting relationships with its clients. On this episode of Get Paid for Your Pad, Jason joins me to explain how he got started in the Airbnb space, how his family built their business and the lessons they've learned along the way. He shares some of the challenges and payoffs of managing multiple Airbnb listings and how Southern Homestay is adding value to their business partnerships. Listen in for Jason's insight into how to streamline multiple Airbnb accounts to grow your STR business. Plus, what he and his team learned from Legends X that helped solidify their vision for growth. Topics Covered How networking helped Jason build his businessHow Jason and Southern Homestay are helping people make more money by doing lessThe most important decision to make when setting up multiple Airbnb accountsThe number 1 move Jason made to streamline his business and increase cash flowThe 3 best reasons to use multiple Airbnb accountsThe 2 biggest disadvantages of having multiple Airbnb accountsHow Legends X helped the Southern Homestay team crystalize their goals for the futureConnect with Jason SternerSouthern Homestay, LLC.Jason on LinkedInResources Get Paid for Your Pad NewsletterLegends X STR AcceleratorSTR Legends MastermindEmail jasper@getpaidforyourpad.com Hosted on Acast. See acast.com/privacy for more information.

If you're trying to build a business, you must lead other people. If you're not leading people, you just have a job.When starting out, entrepreneurs often show up with ego, fear, and concern and try to control every situation. But that doesn't solve problems. Your ego might get a win, but you're not actually getting closer to your end goal.So, what is leadership, really? And how can you become a better leader for your team?On this episode of Get Paid for Your Pad, Eric and I explain why leadership is the number one skill set you need to learn to grow your business.We'll share the difference between leaders and managers and how great leadership inspires teams to work together toward a primary goal, setting the tone for the organization's culture.We discuss unconscious ways you might be affecting your culture and your business in a negative way and share some resources that will help you become a better leader for your team.Listen in to understand why it's critical to build your leadership skills to grow something bigger than yourself. Plus, why leadership skills are transferable to every aspect of your life!Topics Covered3 ways becoming a better leader will help you fulfill your business goalsHow to look at your team through the lens of a leaderWhat is the pizza concept for leadershipSolve problems vs. telling people what to doThe 4 main elements of great leadershipWhat does it mean to take radical responsibilityThe ‘90 Second rule’ for overcoming your emotionsWhy it's essential to set the standard for the future leaders on your teamHow to set the tone and communicate the culture of your organizationResourcesExtreme Ownership: How U.S. Navy SEALs Lead and WinThe Dichotomy of Leadership: Balancing the Challenges of Extreme Ownership to Lead and WinThe 15 Commitments of Conscious Leadership: A New Paradigm for Sustainable SuccessCan't Hurt Me: Master Your Mind and Defy the OddsLeadership vs. Authority | Simon SinekHow to overcome STRESSFUL THOUGHTS (90-SEC RULE) | Tony RobbinsSteve Schwab Founder/ CEO at Casago on LinkedInSubscribe to GPFYP on Apple PodcastsGet Paid for Your Pad Email ListLegends X Short-Term Rental AcceleratorSTR Legends MastermindEmail jasper@getpaidforyourpad.com Hosted on Acast. See acast.com/privacy for more information.

Do you want to maximize your Airbnb rental revenue without spending hours adjusting your prices? As Airbnb hosts, we want to set the best price for our listings to both leverage our income and increase our bookings. But how do we do that without a lot of hands-on management? Jeff Breece is the Head of Revenue Management at Beyond, formerly Beyond Pricing. Since 2013, Beyond has been providing STR managers and owners the tools to help them get, grow, and keep more revenue by using automated dynamic pricing for the best price every day. On this episode of Get Paid for Your Pad, Jeff joins me to explain how to put Beyond's dynamic pricing algorithm to work for you to increase the revenue on your listings. He shares the key areas STR business owners should examine when they start using pricing algorithm software as well as common mistakes to avoid. Listen in for Jeff's insight into what variables to consider when setting your base price and the most important metrics to focus on to maximize your revenue. Topics Covered The most important things to focus on when you first start using a pricing algorithmWhat is the most critical listing pricing numberWhy it's vital to know the marginal cost of a night's stay for your listingWhat factors to consider when determining the highest revenue base priceWhat the health score tells a STR managerHow to use the metrics to match your minimum night stays to the marketWhat is the number 1 factor that affects your STR revenue bottom lineHow to fill calendar gaps using incentives without having a 'fire sale'3 factors to account for when using last-minute discountsThe 2 most common mistakes STR hosts make when they begin using BeyondHow your pricing strategies change as you scaleWhy it's not just about revenue, the other highly valuable pieces of the booking puzzleConnect with Jeff BreeceBeyondEmail JeffResourcesTry Beyond free for 30 daysGet Paid for Your Pad YouTube ChannelGet Paid for Your Pad NewsletterLegends X STR AcceleratorSTR Legends MastermindEmail jasper@getpaidforyourpad.com Hosted on Acast. See acast.com/privacy for more information.

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What if you could turn openings on your Airbnb calendar into free marketing? Jordan Kahana is the Cofounder of Stayamo, a platform that connects STR hosts with social media influencers, allowing vacation rental operators to exchange free stays for promotion from top content creators. On this episode of Get Paid for Your Pad, Jordan joins me to explore how Airbnb hosts benefit from working with an influencer, explaining how to use lifestyle photography to market your STR and what to do if your unit isn’t Instagrammable. He discusses why the quality of an influencer’s photos is as important as their follower count and describes how to hold a content creator accountable for delivering on your agreement. Listen in to understand best practices for working with content creators to market your STRs and learn how Stayamo can help you connect with influencers who are the right fit for your Airbnb! Topics Covered How Jordan defines a social media influencer vs. a content creatorHow an Airbnb host benefits from working with an influencer (i.e.: content, exposure, etc.)Using lifestyle photography to market your AirbnbWhy Jordan recommends offering a 2-night window for an influencer to stay for freeWhy the quality of an influencer’s photos is as important as follower countWhat to do if your Airbnb isn’t InstagrammableBest practices for working with an influencer to market your STRWhy Jordan suggests asking influencers to book your unit through AirbnbHow to set up an account and find influencers on StayamoHow influencers benefit from building relationships with STR hosts Connect with Jordan Kahana StayamoResources Legends X STR AcceleratorEmail jasper@getpaidforyourpad.com Hosted on Acast. See acast.com/privacy for more information.

Things are changing and evolving in the economy, and with rising rents and fluctuation in the real estate industry, it was bound to trickle down into the STR market. This week Sonder, one of the biggest short-term rental companies in the world, announced it is cutting 20% of its workforce. On this edition of STR Conversations, Eric and I walk you through Sonder's announcement, their first-quarter losses, and the reality of the over-leveraged master leasing model in a post-Covid market. We discuss what we believe the forecast will be for the STR industry as the crowds return to travel with the current economic correction filtering into cost-of-living increases across the board. Listen in to learn how to position yourself to ride the waves. We’ll offer insight into how to take advantage of the opportunities in real estate and diversify your income streams to handle any season and situation in your STR business. Plus, the two places that are always worth investing in, no matter the economy. Would you like a sneak peek at our STR Legends LIVE event happening June 16th - 20th, 2022, at an incredible beachfront STR property in Oaxaca, Mexico? We'll be sharing stories and photos on social media, so follow Jasper on Instagram and Eric on Instagram and search the #STRLegends hashtag. Topics Covered What economic factors led Sonder to this pointThe critical importance of scenario analysisHow STR entrepreneurs can position themselves to take on more real estate in this marketHow to put yourself in a position to put OPM - other people's money - to work for your STR businessWhy diversifying is the key to survival and even success in a downturnThe 2 critical area to invest in now for more stability in any economyResources Sonder Restructuring to Include Layoffs, Growth LimitsWinter is Coming...But When? Tony Robbins PodcastThe Psychology of Money: Timeless Lessons on Wealth, Greed, and HappinessSteve Schwab Founder/ CEO at Casago on LinkedInGet Funding to Grow Your Airbnb Portfolio with Nectar (Ep444)Join the Overnight Success TeamLegends X STR AcceleratorJasper on InstagramEric on InstagramSubscribe to GPFYP on Apple Podcasts FREE Airbnb Starter GuideSTR Profit AcademyOvernight SuccessEmail team@overnightsuccess.io Hosted on Acast. See acast.com/privacy for more information.

In this economy, traveling millennials and more are flocking to destinations based on their desire to fill their social feeds with swoon-worthy pictures from Instagrammable destinations. Late to the Airbnb game but ready to take the plunge, my guest Jeff Brown, the Co-Founder at Loma Homes, did the research, and the results told them Orlando was the place to be with excellent profitability potential. But upon closer inspection, they found out there were 10s of thousands of vacation rentals in the highly competitive theme park mecca. To stand out and be competitive, they would need to differentiate their units in a BIG way. On this episode of Get Paid for Your Pad, Jeff joins me to share how Loma Homes partnered with specialty contractors to create their sought-after properties. With names such as Once Upon a Castle and Pirates Pearl and showcasing amenities such as a Cinderella carriage bed and Southern-style wraparound balconies, Jeff and his team have taken leveraging Instagram-worthy destinations to a new level. Listen in as Jeff walks us through some affordable ways STR hosts can add a theme to a unit to give it that photo-worthy luxury quality without breaking the bank. Plus, he shares his insight into the opportunities available in the current Airbnb model and why now is still an excellent time for entrepreneurs and investors to jump into the STR market. Topics Covered How Jeff and his team worked with custom contractors to create custom beds, fog machines, and lighting effects for their themed unitsWhy location, location, location is more important now than everHow to invest in resort areas with high seasons for peak income flowJeff’s take on the current opportunities available in the Airbnb modelWhat Loma Homes is working on now to compete in the current market and beyondWhy Jeff thinks now might be the perfect time to jump into the STR marketConnect with JeffLoma Homesjeff@loma-homes.comResources Get Paid for Your Pad YouTube ChannelOutdoorsyLegends X STR AcceleratorSTR Legends MastermindGet Paid for Your Pad NewsletterEmail jasper@getpaidforyourpad.com Hosted on Acast. See acast.com/privacy for more information.

We all have BIG things we want to achieve in our personal lives and our businesses. But did you know that unless you get clear on what you really want to accomplish, you can get overwhelmed in building your business without ever achieving your big-picture vision? On this edition of STR Conversations, Eric and I walk you through how to accomplish more in your business and personal life through effective goal setting. We discuss the two biggest mistakes entrepreneurs make when setting goals plus and we’ll walk you through the 3-step action plan we use for setting goals in our businesses. I’ll share a story of a personal goal I’m working to achieve, my WHY, and my action plan to get there, and Eric will share a tool he uses to stay on track when he feels like giving up. Listen in to learn the importance of setting compelling North Star goals for your business and the steps you need to take to get laser-focused so you can achieve them. Plus, the most powerful thing you can do today to reach your biggest goals. Topics CoveredWhy both small goals and big goals require the same process to achieveThe bucket and rocks goal action plan for reaching more of your targetsTwo tools to help you stay accountable to your big picture goalsThe one move that gets your subconscious involved and tells your brain to go to work on achieving your goalsThe gut check to make sure you are setting the right goals for yourself and your businessThe most powerful step you can take each day to achieve your goalsHow to determine if your action plan is getting you closer to your goalsThe big difference between reevaluating and giving up on your goalsThe number 1 thing you can do to achieve your number 1 goal Resources Tony Robbins Motivation—How to Visualize to Get What You WantThe 15 Commitments of Conscious Leadership: A New Paradigm for Sustainable SuccessJoin the Overnight Success TeamLegends X STR AcceleratorJasper on InstagramEric on InstagramGet Paid for Your Pad Email ListSubscribe to GPFYP on Apple Podcasts FREE Airbnb Starter GuideSTR Profit AcademyOvernight SuccessEmail team@overnightsuccess.io Hosted on Acast. See acast.com/privacy for more information.

Are you thinking of hiring an operations manager to help scale your Airbnb business? Before you start interviewing candidates, it’s important to know exactly what an ops manager does and carefully consider whether that’s the hire you need right now. Aaron Whelan is the Chief Operating Officer here at Overnight Success. He has extensive operations management experience across several industries, primarily serving clients in the coaching, consulting and online education space before joining our team a year ago. On this episode of Get Paid for Your Pad, Aaron joins me to discuss the responsibilities of an operations manager and describe the top three qualities to look for in a COO for your Airbnb business. He explains how to decide what tasks you want to delegate and build a job scorecard for the roles, offering advice on when to build systems and how to train new hires on your short-term rental processes. Listen in for Aaron’s insight around the most common challenges entrepreneurs face in achieving scale and find out what it takes to operate your Airbnb business like a machine! Topics Covered Aaron's experience as an Airbnb guest (including 4 years as a digital nomad)Aaron’s advice for STR hosts around listing photos, communication and welcoming touchesThe role of an operations manager in a vacation rental businessHow to decide what responsibilities you want to delegate and build a job scorecard for the roleWhy Aaron recommends hiring an experienced operations manager who knows every aspect of the STR businessThe top 3 qualities to look for in an operations manager for your Airbnb businessAaron’s insight on the most common challenges entrepreneurs face in scaling a businessWhen an Airbnb host should start thinking about building systemsAaron’s experience working with Overnight Success and the company’s systems mindsetHow a clearly defined vision and customer avatar make decisions easierThe open role for Digital Content Manager on the Overnight Success team Connect with Aaron Whelan Overnight SuccessResources Open Roles at Overnight SuccessLegends X STR AcceleratorSlackVoxerGoogle DriveLoomEmail jasper@getpaidforyourpad.com Hosted on Acast. See acast.com/privacy for more information.

No matter the size, all business owners have the same challenges, just on a different scale. And hiring is one of the biggest challenges any leader can take on in their business. When Eric and I started hiring, we looked for one thing, somebody with the skills to complete a task. Since then, we've evolved in our business and how we seek to fill the roles on our team. On this edition of STR Conversations, Eric and I walk you through the 4 biggest lessons we've learned about finding the right team members. We discuss where to start the hiring process and the tools you can use to scope out the competition so you can be sure you are hiring snipers instead of generalists. Plus, we'll share an insider tip on how to attract and hire A-Players, no matter the size of your business. Listen in for a look at our specialized application funnel and how we measure the success of our team members. Plus, we share the most valuable tips we've gathered from the experts on finding the people who understand your vision and who will be a part of your team for the long haul.Would you like to be part of the Overnight Success Team? We are Hiring! We're seeking a Digital Content Manager and an Enrollment Specialist.Know someone who would be a good fit? We're now offering a hiring referral bonus, so be sure to forward this to those A-Players in your network and be sure they tell us you sent them.Topics CoveredHow hiring evolves within a company as the company growsThe BIG difference between busy team members and those who move the needleHow to develop the skills that will help you cut through the BS and discover someone's true characterWhy hiring slow and firing fast is actually a win-win for all parties involvedHow to use Glassdoor and Upwork to scope out both the talent and the competitionHow to use a referral program to invest in your network and find top talentHow to incentivize the best talent to join your company even when you can't afford them (YET)Our key piece of advice to alleviate the fear of hiring A-playersWhy sharing MORE details about your company vision is the biggest key to successful hiresResourcesJoin the Overnight Success TeamLegends X STR AcceleratorJasper on InstagramEric on InstagramGet Paid for Your Pad Email ListSubscribe to GPFYP on Apple PodcastsFREE Airbnb Starter GuideSTR Profit AcademyOvernight SuccessEmail team@overnightsuccess.io Hosted on Acast. See acast.com/privacy for more information.