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

Airbnb Summer Release 2022 completely revamped the whole search function at Airbnb. Last week on the show, Kelvin Mah, the founder of Rankbreeze and an Airbnb SEO specialist, and I talked about these changes, but there just wasn't enough time to get everything in, so we're doing Part II this week. On this episode of Get Paid for Your Pad, Kelvin joins me for a quick recap of the 8 changes Airbnb has made. Listen in as we walk through what our research revealed about how Airbnb determines which categories to place your property in, which photo they display with your listing, and specific "art" search terms you can use to get your listing found in the design category. Plus, why the photos you include with your listing matter now more than ever.  We'll share 5 action steps every host can take right now to optimize their Airbnb property listings for more clicks with this new search rollout.  Topics Covered How Airbnb determines which categories to place your listing inWhy Airbnb's new algorithm changes your cover photo based on guest selectionsWhy you should optimize the look of your first five listing photos (don't forget mobile)How to shine the spotlight on your property features for more category listingsHow to dial in on your location to help Airbnb understand where to put your listingWhy NOW is the time to invest in amenities to rank in higher value categoriesWhat "art" terms you can use in your property listing to be found in the design categoryHow Rankbreeze helps Airbnb hosts optimize their listingsThe 5 biggest action steps to take NOW to optimize your listing for more clicks Connect with Kelvin MahRankbreezeResourcesGet Paid for Your Pad YouTube ChannelHow to Improve Your Listings’ Search Rank in Airbnb Categories Part I (Ep. 474)Airbnb May 2022 Update | Optimization Strategies Rankbreeze BlogThe Airbnb 2022 Summer Release: Introducing a new Airbnb for a new world of travelGet Paid for Your Pad NewsletterGet Paid for Your Pad on Apple PodcastsJasper on InstagramEmail jasper@getpaidforyourpad.com Hosted on Acast. See acast.com/privacy for more information.

We officially hired our first team member for our Freewyld brand!We’ve hired a Virtual Assistant (VA) named Mei who will help us start building our brand.On this edition of STR Conversations, Eric and I share how we worked with a company called Virtual Staff Finder to hire our VA and the process they used to help us find the right Virtual Assistant for our Freewyld team.We share the 3 most common questions students in Legend X have about hiring a VA, plus the biggest mistakes people make when hiring that can lead to hiring the wrong team member. Eric shares the plus-minus time tracking process he uses to determine which tasks to delegate, plus, I share my secret for accomplishing more tasks each day.We discuss how to use a job scorecard to improve your job description and increase your chances of hiring the RIGHT person for the job.Listen in for insight into how to find the perfect VA for your Airbnb hosting team, so you free yourself from the day-to-day tasks of managing your business and focus on building your business.Topics Covered The biggest reason for outsourcing the lower-level tasks in your hosting businessWhy a virtual assistant is the first team member we hiredWhy we chose Virtual Staff Finder to help us find our VAThe 80/20 rule for systems and training for your Airbnb teamThe biggest challenge when hiring a virtual assistantHow to take the overwhelm out of hiring team membersWhat shifts our VA will be working for us in FreewyldWhat a Voice Over IP (VoIP) can do for your Airbnb businessThe most valuable thing you can do BEFORE you hire a virtual assistantEric’s plus-minus trick for figuring out which tasks you should delegateJasper's game-changing plan to get more work done dailyWhy job scorecards are invaluable in finding the RIGHT fit for your teamResources How to Hire and Train Virtual Assistants (Ep. 352)How to Leverage Virtual Assistants to Scale Your Hosting Business (Ep. 407)Virtual Freedom: How to Work with Virtual Staff to Buy More Time, Become More Productive, and Build Your Dream Business by Chris DuckerThe One Thing by Gary KellerThe 4-Hour Workweek by Timothy Ferriss5 Multitasking Myths Debunked, Plus 6 Ways to be Productive Without Task SwitchingVirtual Staff FinderRingCentralDISC Assessment by Tony RobbinsEmail team@overnightsuccess.io Hosted on Acast. See acast.com/privacy for more information.

Airbnb just released the biggest change to Airbnb categories in a decade. They completely changed the search on Airbnb, leaving everyone wondering how it will affect their listing and if it will still show up. Kelvin Mah is the founder of Rankbreeze and an Airbnb SEO specialist. Rankbreeze is a listing optimization software that helps you optimize your listings to make sure you show up in the Airbnb search results. On this episode of Get Paid for Your Pad, Kelvin joins me to explain how Airbnb has transitioned from a destination-focused search to an experience-focused search and what he believes prompted this change. Listen in as we walk through how you can use additional information in all the areas Airbnb allows to come up in more searches. Kelvin says, "One of the rules around ranking on Airbnb is fighting the filter because everything a guest does is essentially filtering."Kelvin shares his insight on how to zoom in and supercharge your listing to get more clicks for MORE BOOKINGS. Topics Covered How Airbnb is working to shift people's short-term rental investing habitsWhat are the new Airbnb categories and Split Stays featureHow to test 3-day minimums to get more Split StaysDoes your Airbnb title still play a part in your listingThe 2 biggest battles of getting the booking conversion once a user clicks on your listingWhy not using photo captions is a missed opportunity for more bookingsHow to audit the amenities on your Airbnb listing for appearance in more categoriesHow Rankbreeze uses its amenities analyzer to pinpoint the amenities at top-rated propertiesHow Airbnb uses price anchoring to garner more bookingsWhy NOW is time to get new photos of your Airbnb propertyHow to focus and supercharge your listing to stand out, get more clicks, and more bookingsConnect with Kelvin MahRankbreezeResourcesThe Airbnb 2022 Summer Release: Introducing a new Airbnb for a new world of travelHow Airbnb Personalization Affects Search Rankings Get Paid for Your Paid (Ep 276)Get Paid for Your Pad NewsletterGet Paid for Your Pad on Apple PodcastsJasper on InstagramEmail jasper@getpaidforyourpad.comSponsored BySTR Legends X Hosted on Acast. See acast.com/privacy for more information.

Last September, when Eric and I started building Freewyld, our new short-term rental brand, we took over an existing Airbnb business—four cabins on three acres in Idyllwild, California. At that time, we took over the whole business, including the staff.But over time, we ran into some challenges working with the existing cleaning team.And then the challenges escalated. We realized the cleaning staff wasn’t the right fit for our company; it was getting so bad that it was putting us in a hectic host position and affecting our bookings and reviews.It was time to make a change.On this edition of STR Conversations, Eric and I discuss why we decided to partner with a management company for Freewyld. We share the most frustrating parts that happened in our situation and walk you through the options we looked at when we decided to move on from the team we had in place. Listen in for insight into how we made this transition from negative team members to a rock-solid A-plus team. We’ll walk you through how making this transition helped us step back from controlling all aspects of the business and more fully into our lane of brilliance to make Freewyld more scalable. Topics Covered What to do when the team you have is not a good culture fit with the business you're buildingHow surrounding yourself with negativity brings down your entire operationHow having the wrong team in place keeps you from building your visionHow bookings (and reviews) can be challenged if you don’t have the right cleaning teamsHow we transitioned away from negative team members and found a better culture fitHow we negotiated a cost-effective agreement for higher-level support for our propertiesWhat we learned about bringing on expertsHow surrendering control over some aspects of the business leads to growthThe biggest advantages of hiring and upleveling a teamHow investing in yourself and your business leads to a higher ROIThe immediate payoff of our new team partnershipResources Jasper on InstagramEric on InstagramGet Paid for Your Pad Email ListSubscribe to GPFYP on Apple Podcasts FREE Airbnb Starter GuideSTR Profit AcademyOvernight SuccessEmail team@overnightsuccess.ioSponsor Legends STR Accelerator Hosted on Acast. See acast.com/privacy for more information.

With larger property management companies looking to add to their portfolios, we're seeing more Airbnb entrepreneurs selling their businesses. But what can you do to structure your business to ensure it's an attractive acquisition target? Julie George discovered the world of Airbnb in 2016 when she listed her one-bedroom unit on the platform. In November 2016, she established Host My Home, one of Australia's largest Airbnb property management companies. In 2019, Julie sold her lucrative business to a larger company to concentrate on mentoring and consulting other budding entrepreneurs to build a business in the sharing economy. On this episode of Get Paid for Your Pad, Julie joins me to explain the process she went through as she prepared her business for sale and how you can structure your business, so it's attractive to buyers. Julie says, "If you've got ten or more properties that you are managing in a property management portfolio, get ready! You're going to get a knock on the door. I can almost guarantee it." Listen in for Julie's insight into why NOW is the time to be sure you've structured your business so it's attractive to buyers—even if you're not currently thinking of selling.  Topics Covered The one thing you need to determine before you decide to sell your Airbnb businessWhat can you do to structure your business to make sure it's an attractive acquisition targetWhere do you find the company that will buy your Airbnb businessHow to make your profit margin as strong as possibleHow asking the right questions can help you determine your best business moves3 ways to find a suitable STR business buyerWhat was Julie's biggest mistake when she decided she wanted to sell her Airbnb businessWhen can't you sell your Airbnb businessWhat comes after the sale Connect with Julie GeorgeMillion Dollar HostResourcesVacasaMillion Dollar Host by Julie GeorgeThe Million Dollar Host (EP 300) with Julie GeorgeHow to Work ON instead of IN Your STR Business (EP 346) with Julie GeorgeJulie George's Takeaways Coaching 52 Airbnb Hosts Through Legends (EP 397)Get Paid for Your Pad NewsletterEmail jasper@getpaidforyourpad.com Hosted on Acast. See acast.com/privacy for more information.

On this episode Eric and Jasper talk about the biggest Airbnb update in a decade, the 2022 summer release. What are the biggest changes, and what are the consequences for guests and hosts? Listen in and find out! Hosted on Acast. See acast.com/privacy for more information.

Are you looking for another revenue stream for your short-term rental space? Does your property have unique features that would be great for a photoshoot or filming a cooking show? Enter Peerspace the Airbnb for events. Launched in 2014, Peerspace is a global peer-to-peer marketplace that allows you to rent your creative space by the hour for events, meetings, and productions. On this episode of Get Paid for Your Pad, Matt Bendett, the Co-Founder of Peerspace, joins me to share more about the Peerspace concept and some of the unique ways Peerspace hosts are using their spaces. He walks us through everything from cleaning fees to QR codes and everything you need for a great Peerspace listing. Matt says, "The magic for us is when people come together with a great idea. And it gets facilitated because they've entered this really cool space. Every day, every booking, there's a story. It's that intrinsic thing beyond making money itself that a host can be proud of that they were able to facilitate. It's really cool." Listen in as we discuss how the Peerspace platform may offer another revenue stream for entrepreneurs who understand how an online platform facilitates peer-to-peer reservations. We'll delve into how our listeners can combine Peerspace with Airbnb to maximize occupancy and revenue through hourly bookings. Topics Covered ●     How Peerspace differs from Airbnb●     What are the requirements for hosting a Peerspace●     The 3 most popular types of event bookings on Peerspace●     What is the core clientele of Peerspace●     How to combine Peerspace with Airbnb to maximize occupancy and generate more income through hourly bookings●     How many Peerspace listings can you create from your rental space●     How to price your listing to attract the types of rentals you want for your space●     What are major productions looking for in locations for filming●     What amenities are the most requested by people looking for in a Peerspace rental Connect with Matt Bendett and PeerspaceMatt Bendett on LinkedInPeerspaceResourcesSTR Legends MastermindGet Paid for Your Pad NewsletterSTR Profit AcademyLegends X STR AcceleratorGet Paid for Your Pad on Apple PodcastsJasper on InstagramEmail: jasper@getpaidforyourpad.comSponsorSTR Legends Mastermind Hosted on Acast. See acast.com/privacy for more information.

Are tiny homes the solution for our Freewyld experience?The jury is still out!For those of you who may have missed our recent podcast, we are investigating tiny homes as an option to help get our Freewyld community on the road to being completed and profitable much sooner than the estimated timeframes we are receiving from both contractors and counties.If you missed it, you can listen here.On this edition of STR Conversations, Eric and I discuss some of the comments and questions from our listeners about the options available in the tiny homes market right now. We’ll also share some ‌construction solutions being looked at by other entrepreneurs for their own STR spaces in the current economy.Listen in for insight into the different zoning laws for tiny homes and what that adds as far as challenges go. We’ll walk you through a recent experience we’ve had with rising construction costs. We’ll look at how that is affecting our budget and bottom line for Freewyld, and how that’s playing a part as we continue to investigate the tiny homes offering as a solution.We’ll walk through some recently acquired information about lofts in STR spaces and the challenges going in that direction would present and how it would shrink our customer avatar. Plus, we’ll discuss some options to make the experience at Freewyld more appealing to more of our customer base.Topics Covered ●     Why the understaffing and overstuffing in the airline industry will make the driving markets a solid STR investment●     Why our listener Catherine chose to build her tiny homes on-site and how that affects her branding●     How much the cost of construction has gone up on the price for one bathroom for the Schoolhouse●     The challenges the unique zoning laws for tiny homes brings to the table●     Why the loft floorplan in most tiny home spaces is problematic to the STR bottom line●     How the mass production in the tiny homes market might cause incompatibility with the Freewyld stay experienceResources Freewyld Updates: Investigating the Tiny Home Concept for the Freewyld Brand (Ep465)DEN OutdoorsGet Paid for Your Pad Email ListGet Paid for Your Pad on Apple PodcastsFREE Airbnb Starter GuideSTR Legends MastermindSTR Profit AcademyEmail team@overnightsuccess.ioSponsor STR Legends Mastermind Hosted on Acast. See acast.com/privacy for more information.

Francisco Arango is an old-school host with over 5000 5-star reviews on his combined Airbnb accounts. He reads and responds to all his feedback because he cares about his guests, learning from and applying it to improve his product and keep things top-notch. Francisco joined me on the show back in 2018, and at that time, he was formulating his plan to begin buying run-down motels to convert into Airbnb’s. Currently, he and his team have 35 doors in operation, with 70 more rooms being rehabbed right now. On this episode of Get Paid for Your Pad, Francisco joins me to share his experience working on these properties and the biggest lessons he’s learned along the way. He explains the journey to financing a business model of this type, the curse, and the blessing behind the Covid pandemic, and how he got his family involved. He shares his unique approach to team building and the high value he places on his company’s culture. Plus as a member of STR Legends Mastermind he’ll share what he’s most looking forward to learning and his reason for joining the group. Listen in for Francisco’s strategy for making his listings stand out, why he’s not concerned about a downtick in the economy, and his advice for entrepreneurs hoping to succeed in the Airbnb ownership model! Topics CoveredWhy having a plan and a vision is so crucial for your projectHow the revenue from his renovated projects is helping him secure future financingThe one mistake a lot of entrepreneurs make in the Airbnb gameThe one policy that has helped Francisco with contractors during this post-pandemic pushHow to make working with architects and contractors more efficientHow Airbnb gets it right when it comes to the STR customerHow Francisco is empowering the members of his team to create a friendly can-do culture Connect with Francisco ArangoFrancisco's Profile on AirbnbFrancisco on LinkedInResourcesThe Infinite GameChip ConleyThe Power of Karmic Capital with Chip ConleyGet Paid for Your Pad NewsletterSTR Profit AcademyGet Paid For Your Pad on Apple PodcastsEmail jasper@getpaidforyourpad.comSponsorSTR Legends Mastermind Hosted on Acast. See acast.com/privacy for more information.

There are just a few spots left open in the STR Legends Mastermind!The STR space has changed and evolved in the past two years. We’ve gone from not knowing if the industry would survive the pandemic to industry movers and shakers growing from 50 units to 500. There are more professional operators, companies, and entrepreneurs than ever in the STR space, which means more people to network with and learn from.Those changes have shaped the vision of the STR Legends Mastermind and inspired us to take both the live events and the virtual masterminds to the NEXT LEVEL.Listen in to this episode of STR conversations as Eric and I break down our vision for the STR Legends Mastermind. We’ll take you behind the scenes for a look at who has joined us so far to give our listeners a feel for the mix of unique investors that will be in the room with us in Oaxaca, Mexico, June 16th - 20th, 2022.We also bring you up to date on the exciting NEW things we’re doing, including the relaunch of our YouTube channel to document the journey of our Freewyld brand. Plus, I share a money-saving tip for those getting ready to book their ticket to Mexico.Topics CoveredThe purpose of the STR Legends MastermindThe 3 types of short-term rental business owners the STR Legends Mastermind is designed forHow participants in previous STR Legends Masterminds have partnered to create bigger brandsWhy the connections in a mastermind are more worthwhile than Facebook groupsHow advice from the mastermind saved one participant thousands of dollars and helped him better utilize the skills of the key players on his teamThe biggest benefit of spending one-on-one time with legends in the STR industryResourcesSTR Legends MastermindPrior STR Legends Live Mastermind Retreat Get Paid for Your Pad EP278Matt Durian on Get Paid for Your Pad EP440Christian Gissing on Get Paid for Your Pad EP301Hicksville Trailer PalaceThink and Grow RichFREE Airbnb Starter GuideGet Paid for Your Pad Email ListSTR Profit AcademySubscribe to GPFYP on Apple PodcastsEmail jasper@getpaidforyourpad.comSponsor STR Legends Mastermind Hosted on Acast. See acast.com/privacy for more information.