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

Don’t think you need a vision for your Airbnb business?If you’re trying to grow a short-term rental company, but you haven’t given any thought to what you want the business to look like, you’re likely to get caught in the trap of trying to please everyone. And in trying to please everyone, you please no one—least of all yourself!On this episode of Get Paid for Your Pad, Eric and I sit down to discuss why you need a vision for your Airbnb business, explaining how it guides the systems you build and helps you stand out in the marketplace.  We explain how a clear vision helps you attract the right team members, challenging you to get clear on your core values and invite your employees to hold you accountable.  Listen in to understand how having a vision benefits even hosts with one or two listings and learn what questions to ask yourself as you build out the vision for your STR business! Topics Covered How to create the right conditions to build your visionGet out of day-to-day routineEliminate distractions for clarity of mind Why vision is so important to an Airbnb businessUnderstand what systems and team to buildHelps see problems as opportunitiesAttracts right people to businessGives confidence to keep taking actionCultivates patience when results take timeMakes business stand out in marketplaceHow vision helps you attract the right team membersPeople who apply share core valuesHold accountable to drive vision forward Questions to ask as you build the vision for your businessWhat are our core values?What STR business model do we want to use?Who do we want to serve as guests?What is our long-term goal for the business? How having a clear vision helps hosts with 1 or 2 unitsDesign space to meet needs of target guestCharge more for premium experience Resources Legends X Short-Term Rental AcceleratorTony RobbinsDavid GogginsCan’t Hurt Me: Master Your Mind and Defy the Odds by David GogginsGet Paid for Your Pad on YouTubeEmail jasper@getpaidforyourpad.com  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

Imagine having chemical sensitivities to the cleaning products used in most short-term rentals and knowing that every time you travel, you are likely to get sick.Katrina Papé solves this problem with green cleaning. And in addition to attracting travelers with multiple chemical sensitivities, she feels good about minding the health of her guests, her cleaning staff and the environment.Katrina is the founder and CEO of BnB Equity Group, an investor-focused professional vacation rental property management company based in Seattle, Washington. Katrina has 27 years of experience as an entrepreneur, and her background in business management, interior design and real estate investing give her a competitive advantage in the short-term rental space. On this episode of Get Paid for Your Pad, Katrina joins me to explain how her own sensitivities to chemicals following a health crisis inspired her shift to green cleaning—both at home and in her STR units. She discusses the prevalence of multiple chemical sensitivities and describes how to know if a cleaning product is truly chemical-free. Listen in for insight on targeting health-conscious guests and learn how to develop your own niche in green cleaning and chemical-free Airbnbs. Topics Covered How Katrina got started hosting on AirbnbWent through divorce and health crisisListed own home to save it in 2014  What inspired Katrina’s shift to green cleaningHealth crisis led to chemical sensitivitiesExtend green cleaning at home to STRs The prevalence of multiple chemical sensitivities39% of Americans suffer from MCSDifficult to travel and not be sick How to know if a cleaning product is chemical-freeGet rating at ewg.orgAvoid anything with synthetic fragrance Where to go for green cleaning productsNatural section of grocery storeBuy in bulk on Amazon or Thrive MarketThe benefits of green cleaning your AirbnbsHealth of guests, cleaners and environmentAttract health-conscious travelersHow to target guests with chemical sensitivitiesAdd green cleaning, chemical-free to titleInclude photos of products usedHow to be pet-friendly and serve guests with allergiesUse Easy Air on rugs, furniture, carpets, etc.Available through amazing-solutions.comHow STR Legends X helped Katrina build her businessSupport in choosing tech stackSystems in place to expand Connect with Katrina BnB Equity Group Resources Environmental Working GroupThrive MarketAmazing SolutionsEasy Air Organic Allergy Relief SprayLegends X 90-Day STR AcceleratorEmail jasper@getpaidforyourpad.com  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

As we look to predict the future of short-term rentals, it’s useful to look at industry trends. Searches for unique properties on Airbnb grew 94% in the first half of 2021 compared to the same period two years ago.How can STR hosts leverage an understanding of this information to anticipate how travel will evolve and build a business that capitalizes on the trends?On this episode of Get Paid for Your Pad, Eric and I sit down to discuss the rise of unique STR experiences, explaining why properties like the Big Idaho Potato Hotel and Bolt Farm Tennessee are likely to thrive moving forward. Listen in for insight around the top travel trends in 2021 and learn how to design an Airbnb business that is built for the future of short-term rentals. Topics CoveredTrend to unique experiencesConnect with vision/soul of propertyStory to share on social media Top travel trends in 2021Live abroad (geoarbitrage)WorkcationGen Z travelersHospitality brands are the future of STRsGuests connect with valuesInvestor demandSmaller STR portfolioMaintain brand standardsPotential to sell business ResourcesThe Mushroom Dome Retreat'Inside the World’s Most Booked Airbnb’ in HustleJoshua Tree Mirror HouseAirbnb Report: Travel & Living10 Travel Trends for 2021VTrips Vacation Rentals‘Private Equity Looks to Challenge Vacasa by Backing VTrips Vacation Rental Firm’ in SkiftVacasaHicksville Trailer PalaceEric on TikTokEric on InstagramLegends X STR AcceleratorSTR Legends MastermindEmail jasper@getpaidforyourpad.comSponsorHostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

So, you’re an Airbnb host in a saturated market. The investment blogs said it would be easy to build a thriving short-term rental business in your area, but you've got a lot of competition.How do you stand out? Can you use design to create a guest experience that sets you apart?Kate Shaw and Betsy Moyer are the cofounders of Retreat Experiential Design, an all-in-one Airbnb experiential design firm that transforms Airbnb properties into true retreats. Betsy is also the creator of the home décor and interior design brand, The Estate of Things, and Kate is an Airbnb Superhost with a portfolio of 10 units near Joshua Tree National Park.On this episode of Get Paid for Your Pad, Kate and Betsy join me to share the fundamentals of experiential design, explaining how they identify the unique value proposition of a new property and design with the with guest in mind.They discuss how to succeed in a saturated market like Joshua Tree and offer advice on creating a win-win between Airbnb hosts and the local community.Listen in for insight on creating a unique guest experience on a budget and learn to leverage experiential design to stand out on Airbnb!Topics CoveredHow Kate & Betsy define experiential designDesign as if hosting in own homeUtilize every inch of propertyHow Kate & Betsy approach a new propertyIdentify unique value prop of spaceConsider guest trying to attractHow to save money on experiential designLeverage local artisans and artistsUse thrift store + Craigslist findsHow to succeed in a saturated marketCreate unique experienceConsider visitor demographicsHow to create a win-win with the local communityProvide jobs to locals, pay living wageEncourage investors to build vs. buyKate’s top tips for aspiring Airbnb hostsFocus on guest experience/happinessAct as if hosting friends and familyConnect with Kate & BetsyRetreat Experiential DesignRetreat Design on InstagramDesert Barn House on InstagramResourcesJoshua Tree National Park‘Odd Job: What’s It Like to Own the Most-Visited Airbnb in the World’ in VoxKate on AirbnbKate on InstagramThe Estate of ThingsThe Estate of Things on InstagramLegends X 90-Day STR AcceleratorGet Paid for Your Pad on YouTubeEmail jasper@getpaidforyourpad.comSponsorHostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

Many STR hosts have dreams of turning their Airbnb business into a real estate investing company. But what does it look like to buy a property for short-term rental? How, exactly, does the process work?Eric and I are currently in negotiations to buy an existing short-term rental business, including its four Airbnb properties and the land they’re on. And we’re learning a lot along the way.On this episode of Get Paid for Your Pad, Eric and I sit down to share what we’re learning from buying this Airbnb property, explaining why it’s crucial to start with a vision of what you want to build and be patient through the process.We walk you through our plan to improve the guest experience and increase revenue at the STR community we’re buying, eventually refinancing the property to build personal wealth and expand our portfolio. Listen in for insight around the top three reasons to build a STR hospitality brand and learn how you can turn your Airbnb hosting business into a short-term rental investment company.Topics CoveredWhy it’s crucial to manage your emotions when you buy real estateBuy on numbers, overpay when attached to outcomeMust be willing to let go (‘this or something better’)How to recognize if the STR brand you’re buying is a good dealValue in opportunity to upgrade guest experienceIncrease revenue right away with technology, systems Our plan to increase revenue at the STR community we’re buyingImprove experience, raise prices by 30% to 50%Costs stay fixed = profit doublesIncrease number of units from 4 to 14 income streamsThe beauty of investing in real estate for short-term rentalsIncrease value of property to refinance in futureReturn cash to investors, pay selves and buy more STRs How Airbnb hosts can become STR real estate investorsUse other people’s properties to build hospitality brandLeverage profits to invest in real estate for STRsOur top lessons learned from buying our next Airbnb propertyDevelop clear vision of what you want to buildBe patient through process vs. saying YES to everything The top 3 reasons to build an Airbnb hospitality brandLifestyle businessScale to sellGenerational company (wealth to pass on) Resources Get Paid for Your Pad on YouTubeLegends X Short-Term Rental AcceleratorEric on InstagramEric on TikTokSTR Legends MastermindHicksville Trailer PalacePatrick at EXSTR ApartmentsGet Paid for Your PadEmail jasper@getpaidforyourpad.com Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

Savvy short-term rental hosts have pivoted in the last 18 months, shifting their business model to provide family-friendly accommodations that welcome kids and pets for long-term stays.  So, what does it look like to set up an Airbnb that works for large families and their furry friends? Legends X Alum Rachel Gainsbrugh is the Cofounder of Short Term Gems and the Chief-of-Staff at All Pocono Rentals. She also works as a full-time pharmacist and has a husband, three dogs and two kids! On this episode of Get Paid for Your Pad, Rachel joins me to share her top tips for hosting families with pets, explaining how she pivoted the Short Term Gems brand to cater to displaced homeowners. She offers advice on dealing with insurance companies and describes how to adjust the guest experience for families who are there because something happened to their home. Listen in for Rachel’s #1 lesson learned from participating in Legends X and learn how to provide a 5-star guest experience for pets—and the people who love them. Topics Covered How Rachel hosts and works full timeLeverage resources to delegate, outsourceOnly do revenue-generating activities Rachel’s Short Term Gems luxury brandFurnished accommodations for travelersLandlord owners, arbitrage and cohosting Rachel’s pivot to a niche guest avatarHost displaced homeowners (floods, fires)Large families with kids and pets How Rachel caters to large, displaced familiesQuality cookware, fully stocked kitchenRecreation station for kidsShift tone to provide help and support Rachel’s tips for dealing with insurance companiesAsk for deposit and have guest sign leaseHome value impacts STR stay allocationConsider hotel rate, cost of boarding pets What amenities you might provide for petsCustom linens and pet bedsDoggie doors Rachel’s #1 lesson learned from Legends XNetwork = net worthShare resources in accountability pod Connect with Rachel All Pocono RentalsRachel’s List of the Top 75 Places to InvestShort Term Gems Resources Julie GeorgeLegends X 90-Day STR AcceleratorEmail jasper@getpaidforyourpad.com  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

Airbnb reported revenue of $1.3B for Q2 of 2021, surpassing 2019 numbers for the same period by 10%. And as people get more and more comfortable traveling again, the short-term rental BOOM is likely to continue.So, what can you do to capitalize on this upswing in the vacation rental market?On this episode of Get Paid for Your Pad, Eric and I explain how the pandemic has helped facilitate STR growth, driving the popularity of unique stays in drive-to destinations. We share our vision for the hospitality brand we’re launching soon and describe how getting clear on what you’re building makes decisions easier. Listen in for insight on scaling a STR management business to fund real estate investments and learn how Legends X can help you take advantage of the BOOM in short-term rentals!Topics Covered How COVID facilitated a BOOM in short-term rentalsPeople rediscovered unique places to visit near homeOption to work/study remotely allowed for travelWhat we see as the next big thing in STRsUnique stays in drive-to marketsHospitality brands Our vision for the travel brand we’re launching soonNature-inspired sites short drives from metro areasExperience-based tiny home + cabin communitiesWhy we recommend starting with a vision for your businessThings fall into place once you know what you wantClarity on what you’re building makes decisions easy What’s unique about our journey to becoming investorsManage other people’s properties (no cash to start)Scale management business to buy real estateWho is a good fit for the Legends X STR AcceleratorCoachable hosts who want to growExcited to be part of community Resources  Hicksville Trailer PalaceLegends X Short-Term Rental AcceleratorOvernight SuccessEric’s Instagram Post on ExpansionGet Paid for Your PadEmail jasper@getpaidforyourpad.com  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

Not only is airbnb used for vacation rentals, many use airbnb to get a better feel of a city when looking into buying or investing there. What if you could gain real estate clients from an airbnb property that is already bringing you in residual income? Cynthia Tant is a real estate agent and broker out of Pensacola, Florida who owns 3 businesses that all work together cohesively. She started investing 30 years ago, becoming a real estate agent 10 years after and has been a broker for the past 11 years.  On this episode of Get Paid for Your Pad, Cynthia joins me to explain how she combines and leverages her real estate business, long term rental business and short term rental business to all feed into each other. She provides insight on the disadvantages and advantages between long term and short term rentals, and what she’s learned through her years of experience. Listin in for insight on leveraging airbnbs to boost your real estate business and success, and get her advice on how she continuously works to improve her businesses. Topics Covered The background of Cynthia’s businesses Had a realtor who was an investor Got started with multi families and historical homesSaw a need for property management from a long term perspective How Cynthia manages to run 3 businessesIs getting better systems in place from Legend XPlanning to make them work well on their own to be able to eventually be able to retire How the free companies work to feed off of each otherAirbnb customers feed into the real estate businessProvides a digital guide book in each unit that sparks an interestThe importance Cynthia finds in prioritizing mastermindsEnjoys having a structured educating environment Uses masterminds to build structure in her businesses and for salesIs looking to build her businesses to have the value to sell in the future Long term vs short term rentalsHas converted all of her long term to short term rentalsManages people in long term rentals and works to convert themPrioritizes short term rentals for herself with the goal to retire Connect with CynthiaGulf Coast BnB RentalsGulf Coast ExpertsCo Author of The Ultimate Guide to selling your homeEmail cindy@move2fla.com Resources90 Day Short-term Rental Accelerator MastermindGet Paid for Your Pad on YouTubeEmail jasper@getpaidforyourpad.com  SponsorHostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

Only 4% of people who buy an online course actually implement the information and get results. But in our STR Legends X Accelerator, we have a 100% success rate.What sets Legends X apart from other online courses? And how can you be part of the unique program?On this episode of Get Paid for Your Pad, Eric and I walk you through the Legends X application process and explain who is a good fit for our short-term rental business accelerator. We describe the benefit of having access to our Legends X Playbook and discuss what aspects of Airbnb hosting are covered in it.  Listen in for insight on how Legends X builds community among students and learn how the program is structured to support you in achieving massive results!Topics Covered The Legends X application processFill out form at https://www.strlegends.com/x Schedule discovery call with team member Who is a good fit for Legends XPassionate about Airbnb and want to growCan’t take on more units without systemsHow the Legends X program is structuredAccountability pods of 8 to 10 studentsHigh-level coach assigned to each podDrip content vs. provided all at once How Legends X builds community among studentsWeekly call with pod and coachDaily engagement on SlackThe benefit of the Legends X PlaybookHelps with onboarding and training teamAllows owner to sell company in future What we cover in the Legends X PlaybookGuest communicationProperty onboardingCleaning managementHiring systems Resources  Apply for the Legends X Short-Term Rental AcceleratorBoardroom MastermindOvernight SuccessJulie GeorgeEmail jasper@getpaidforyourpad.com  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

In the Legends X program, we help students transition from hectic Airbnb host to millionaire short-term rental manager. And in the process, we coaches learn just as much from our students as they do from us. So, what were our top takeaways from leading the first session of our STR accelerator? Legends X Head Coach Julie George started with one Airbnb property in 2016, and in just two and a half years, she built and scaled a property management business of 130 listings and generated $8M in income. On this episode of Get Paid for Your Pad, Julie joins me to share the lessons she learned from working with the 52 hosts in our first round of Legends X, describing the benefits of using dynamic pricing tools and focusing on a specific guest avatar. We explore how Julie avoided becoming a hectic host herself and explain how Legends X helps hosts create the systems they need to take themselves out of the day-to-day as soon as possible. Listen in for Julie’s insight on the results of Legends X she is most proud of and find out how you can get involved in our upcoming free training around the three secrets to scaling a profitable hospitality brand! Topics Covered\How Julie avoided becoming a hectic hostTake self out of day-to-day ASAPKISS (keep it simple, stupid) Julie’s take on the benefit of the Legends X podsHold students accountable to do workProvides community of support What Julie learned from coaching Legends XSensors to monitor noise (e.g.: Minut)Benefit of pricing optimization tools Jasper’s top takeaway from coaching Legends XPower of focus on specific guest avatarOptimize Airbnb listing for that person The results of Legends X Julie is most proud ofHosts get life back, take time offSpend uninterrupted time with family Connect with Julie Million Dollar Host Resources Free Training: From Hectic Host to Millionaire ManagerLegends X 90-Day STR AcceleratorMillion Dollar Host: Julie’s Airbnb Portfolio Earned Over a Million Dollars in Her First Year … Yours Can Too! by Julie GeorgeFrom Hectic Host to STR Legend on GPFYP EP394Sean McGregor on GPFYP EP390NoiseAwareMinutSTR LegendsGet Paid for Your Pad on YouTubeEmail jasper@getpaidforyourpad.com  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.