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

Are you cleaning your own short-term rental units? Responding to guest messages at all hours? Do you have to say no to opportunities to add units because you’re maxed out and just can’t take on any more work? Then you need our free training, From Hectic Host to Millionaire Manager, an interactive event designed to help hosts like you get out of the weeds and build a STR business that scales.On this episode of Get Paid for Your Pad, Eric and I share who will benefit most from our training and describe the advantage of participating in an immersive event like this over a podcast or webinar. We explain what it means to be a hectic host and discuss how the training will help you implement the systems you need to scale your STR business. Listen in to understand the VOS system for becoming a millionaire manager and find out how our event can help you get out of the hectic host position and grow a seven-figure Airbnb business!Topics Covered What it looks like to be a hectic hostExperience running Airbnbs, love STR industry Want to add more units but burned out The goal of our upcoming free trainingGet out of weeds, work ON vs. IN businessImplement systems and team to scaleWhy we’re doing an interactive eventUnderstand info AND have confidence to actStay fully engaged, focus only on training The 5 stages of Airbnb hostingTraditional hostSide hustle hostHectic hostRising starSTR legendThe 3 pillars to becoming a millionaire managerVision Operations Scale Resources From Hectic Host to Millionaire Manager TrainingTony RobbinsLegends X Short-Term Rental AcceleratorEmail jasper@getpaidforyourpad.com  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

The future of travel is in unique experiences. And the more Instagrammable your short-term rental listing, the more likely you are to succeed in the long term.  So, what if you could design your space from the ground up, building your own A-frame, log cabin or tree house to rent out on Airbnb? Alex Jarbo is an Airbnb Superhost out of Asheville, North Carolina, who builds his own unique vacation rental properties. He is also the host of Alex Builds, a YouTube channel dedicated to documenting his journey as a vacation rental developer and manager. On this episode of Get Paid for Your Pad, Alex joins me to explain what inspired him to build his own vacation rentals, walking us through the process of buying land and sharing his checklist of things to consider before you build.  He offers advice on finding the right architect and contractor for your job and working with lenders to finance a STR build. Listen in for insight on navigating county zoning laws to secure the proper permitting for your Airbnb and get his advice for hosts looking to build their own unique short-term rental properties! Topics Covered What inspired Alex to build his own STR propertiesGot into bidding wars for homes on marketRealized could design to be vacation rental The process of buying land to build STR propertiesFind real estate agent specializing in landSecure necessary permitting Alex’s insight around county zoning lawsMake sure land zoned for vacation rentalsCounty website, talk to local authorities Things to consider when you buy land for STRsAccess to state-maintained roadAccess to electricityAvailability of satellite TV/internetAbility to accept septic systemDepth of water well Alex’s advice around finding an architectConnect through FiverrPurchase pre-made plans Alex’s tips for working with contractorsBe sure passionate about unique housesChoose one who communicates wellSet up closing draw or line of credit Working with lenders to finance an Airbnb buildHost Financial (uses AirDNA projections)Use regular home loan, live there for 6 mos. Alex’s advice for hosts looking to build STRsResearch to find perfect landUniqueness of property is key Connect with Alex Alex Builds on YouTubeAlex on AirbnbEmail alexbuildschannel@gmail.com  Resources FiverrAlex’s Video on Finding an Architect for Airbnb BuildsDen OutdoorsHost FinancialAirDNAAlex’s Video on Financing Your STR with a Regular Home LoanHost Financial on Get Paid for Your Pad EP315STR 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.

So, your Airbnb side hustle has turned into a full-time job.  You’d like to scale the operation and run a true hospitality company, but at the moment, you’re the only one who knows what to do. And you don’t feel comfortable outsourcing any of the work to someone else.  You’re the epitome of the hectic host, and you’re not sure how to get to the next level. On this episode of Get Paid for Your Pad, Eric and I sit down to discuss the five stages of STR hosting, describing what it’s like to be a hectic host and why it’s so challenging to scale from that position.  We explain how to transition from hectic host to rising star, sharing the three things you need to build a true hospitality brand.  Listen in for insight on creating a vision for your vacation rental company and learn how our STR Business Assessment can help you leave your hectic hosting days behind and take the first steps to becoming a STR Legend! Topics Covered The 5 stages of short-term rental hostingTraditional hostSide hustle hostHectic hostRising starLegend The characteristics of a hectic hostStarting to feel pressure of businessNo documentation, can’t outsourceWant to grow but don’t know howLack of clarity re: vision for brand How to shift from hectic host to rising starDiscipline to document processes Team to move vision forward The 3 things you need to build a STR brandSystemsTechnology People The 3 components of the Legends X frameworkVisionOperationsScale How to use our STR Business AssessmentTake 10-minute quiz to generate scoreGet clarity around what to focus onFree trainings tailored to your business Resources STR Business Assessment STR LegendsOvernight SuccessSean McGregor on Get Paid for Your Pad EP390The FounderBetter TalentThe DISC AssessmentGet Paid for Your Pad on YouTubeEmail jasper@getpaidforyourpad.com  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

If you have dreams of buying properties to list on Airbnb but you don’t qualify for a traditional mortgage, all is not lost! You can still acquire real estate and build a portfolio of short-term rentals by way of creative financing. Isaac Moore and Andrew LeBaron are the Cofounders of Buy More Time, a short-term rental property management company out of Arizona. Isaac and Andrew are also experienced real estate investors who specialize in using creative financing techniques to scale a STR portfolio and helping others do the same. On this episode of Get Paid for Your Pad, Isaac and Andrew join me to share their top creative financing strategies for acquiring Airbnb properties. They explain how to leverage seller financing, hard money or personal lenders to build your short-term rental portfolio and offer advice on using non-qualified mortgage products to purchase properties. Listen in for Isaac and Andrew’s insight on selling a lender on your hosting track record and get their five-step plan for buying your first STR properties with creative financing. Topics Covered How Isaac & Andrew got into short-term rentalsSeller financing deal in Mesa, ArizonaList on Airbnb to earn 3x market rent Isaac & Andrew’s journey to starting Buy More TimeSold lease on first unit for $30KUse profits to arbitrage additional listingsStart property management company Isaac & Andrew’s first seller financing dealTake over mortgage, no money downLease with option to purchaseControl property without ownership Why a property owner would do seller financingLessee makes upgrades to property for STRLessee takes over mortgage payments The note and deed of trust method of seller financingOffer small non-refundable down paymentPay 1% or 2% interest on balance of homePay mortgage (through 3rd-party company) How Isaac & Andrew partner with a personal lender Friend in network willing to loan $30K 6 arbitrage units up and running in 30 days10% interest-only payments for 12 months  The benefit of non-qualified mortgage productsProve rental income with Airbnb statementPut toward purchase of another property The difference between hard and soft moneyHard = at least 10% interest, short-termSoft = 7% to 9% interest, long-term What makes hard money a good tool for STRLenders willing to finance based on ARVRefinance and use equity to buy more unitsNo pre-pay penalties Isaac & Andrew’s 5-step plan for getting startedFind landlord willing to do lease optionFurnish, beautify and list on AirbnbDocument everything to show incomeAsk landlord to deed/seller carry propertyRefinance property with Isaac Connect with Isaac & Andrew Buy More TimeEmail information@buymoretime.com Resources Live Let Thrive PodcastWeststar MortgageGet Paid for Your Pad on YouTubeThe Obstacle Is the Way: The Timeless Art of Turning Trials into Triumph by Ryan HolidayEmail jasper@getpaidforyourpad.com  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

During the pandemic, smart Airbnb hosts focused on making it easy for guests to work from home. But Aaron Hanauer took it a step further and made it easy for his guests to work OUT from home as well! Aaron is an Airbnb Superhost out of Minneapolis, Minnesota. He got into the STR space in 2017, renting one unit of his 1916 Tudor-style home on the platform and investing the profits to add a garden apartment to his STR portfolio soon thereafter. During COVID, Aaron and his wife Colleen focused on the health and wellness niche, adding Peloton bikes as an amenity in their Airbnb units. On this episode of Get Paid for Your Pad, Aaron joins me to discuss the benefits of marketing to Peloton users, explaining what’s special about the Peloton experience and how the bikes have led to a 15% revenue increase. He shares the cost of adding a Peloton to your STR units and describes what he is doing to ensure guest safety in his listings. Listen in for Aaron’s insight on making your Airbnb a health and wellness destination and get his advice on adding smart home gym equipment to your STR strategy! Topics Covered How Aaron got into hosting on AirbnbRent one of three units in historic homeInvest profits in getting second STR What Aaron did to navigate COVIDImprove work-from-home experienceAdd Peloton bikes for guest use Why guests book units with PelotonsDon’t miss workouts while travelingDo rides with friends and family The benefits of marketing to Peloton usersLoyal following of 5.4M membersFree advertising on sites like Pelo Buddy What’s special about the Peloton experienceEngaging instructors, library of classesWorkout at home at any time How much it costs to add a Peloton to your STR$1800 for bike, $39 monthly subscriptionLess than $100/month with financing Aaron’s stats from May through December 202085% occupancy, 16-day average stayAble to raise prices by 15% What Aaron is doing to ensure guest safetyUmbrella insurance policyMust be 16 years old to use bike  How Aaron is creating a wellness destinationAdd strength machine, yoga studioJapanese soaking tub and sauna Aaron’s tips for STR hosts adding a PelotonSecure warranty ($200 for three years)Provide water bottles, disinfectant Connect with Aaron Colleen & Aaron on AirbnbEmail aaronhanauer@gmail.com get_surly on Peloton Resources Christian Gissing on GPFYP EP301PelotonTonalMIRRORPelo BuddyPeloton Hotel FinderTen Thousand WavesWil Slickers on GPFYP EP382Legends XEmail jasper@getpaidforyourpad.com  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

Airbnb was a crazy saturated space pre-COVID and once the whole world shut down, it caused everyone, including people in real estate to have to majorly pivot and pivot quickly. Now, as some city regulations are slowly being lifted, where do you even start with the market with the way it is right now? How do you manage to do Airbnb successfully when the guidelines have become so strict, let alone grow it into a reliable business during this time? How do you eventually get to a place of holding dozens of units at a time? Michael Kiriazis and Peter Francis, are the founders of Goat Hote, known as the GOAT (“Greatest Of All Time”) of recommendations for food, fun, and experiences in the travel world. Michael and Peter started their management company only three years ago, now with over 60 units across the U.S. In the past 2 years during COVID, they were able to massively pivot from a master leasing model to predominantly a management model. The two have been active members of our Legends X community even before the existence of Goat Hote. On this episode of Get Paid for Your Pad, Michael and Peter join me to explain how they have managed to become a well known Airbnb management company in only 3 years. They not only take me through the ups and downs of their journey, but they also share pieces of advice along the way on how to successfully do what they do. Listen in for Michael and Peter’s biggest pieces of advice on taking advantage of one of the most exciting times in the Airbnb world. Topics Covered How Michael and Peter get started and come up with the brand name of Goat HoteStarted with flipping homes and wanting to make money on themAirbnb was very crowded place at the time, so they wanted to stand out and be the GOATWhere all of the properties are located across the U.SStarted in ChicagoNow in over 10 different marketsHow Michael and Peter manage the 60+ unitsFind the best of the best management/cleaning teamsFound that couples and family owned companies do the best work with the unitsHow Michael and Peter find their management/cleaning teams Reach out mainly through Yelp, Facebook, and turnoverbnb.comUsually give each company around 8 units and shoot to have at least this many units per cityMichael and Peter’s experience losing a bunch of money with their master leases, once COVID hitHad just signed 2, 4 unit apartment buildings in San Diego in February right before COVID (near 10k a month for each lease and 20k in furniture)Lost 90k in about a 24 hour periodWhat Michael and Peter’s goals are for the companyTo own enough real estate assets to eventually use to retire and have the lifestyle they wantTo grow as much as possible and keep growing to different cities, having the chance to sell in the next 5 yearsMichael and Peter’s advice for those who want to grow but are struggling to find new clients Talk to everyone and clients will comeStart with distressed propertiesWhat has been most beneficial for Michael and Peter in  the Legends X program so far Organization and extensible stepsAllowed a place for all the systems in place, helping their VA’s and team as a whole Connect with Goathote.comGoat Stays on InstagramEmail at goathote@gmail.com Resources The 4-Hour Workweek: Escape 9-5, Live Anywhere and Join the New Rich by Timothy Ferriss‘Alive Time or Dead Time. What Will It Be?’ in the Daily StoicThumbtackMatterport Virtual 3D Real Estate ToursStarlinkJulie George on ClubhouseLegends XGet Paid for Your Pad on YouTubeEmail jasper@getpaidforyourpad.com  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

The best business strategy is a satisfied customer. And if you host one or two short-term rental properties, it’s fairly easy to earn five-star reviews on Airbnb. But how do you maintain a high-quality guest experience at scale? How do you rack up 2,000-plus reviews and keep a 4.99 rating?Sean McGregor is the Founder and CEO of Stay Work and Play Co-Hosting, otherwise known as SWAP Lofts. Sean and his wife Lindsey have been hosting on Airbnb since 2012, garnering 2,212 reviews and a 4.99 rating overall. Sean pivoted to the cohosting model during the pandemic, and so far, he has built a portfolio of 15 listings in five states. He is also an active member of our Legends X community.On this episode of Get Paid for Your Pad, Sean joins me to explain how he pivoted his STR business during COVID, sharing what he did to connect with property owners and build his management portfolio. He discusses using Thumbtack to find good team members in a new location and walks us through his plans to scale SWAP. Listen in for Sean’s top four strategies for maintaining a five-star guest experience—even as you grow your STR business!Topics CoveredHow Sean got his start with short-term rentalsHelped then-girlfriend Lindsey host on AirbnbManaged remotely during family trip to EuropeHow Sean pivoted to cohosting during COVIDDraw on experience managing family property Find property owners in Facebook groupsHow Sean uses Thumbtack to find team membersHire photographer, cleaners, handyman, etc.Narrow down by reviews, they bid on jobWhy Sean pays for a photographer to do a 3D tourMakes it easier for cleaners to bid on jobHelp guests and team members find thingsHow Sean maintains a high guest satisfaction scoreMake it as easy as possible to check inPersonal connection via text throughout stayMake it right when things go wrongSean’s top strategy for getting a 5-star reviewWrite detailed, friendly review for guestText screenshot and they reciprocateSean’s plans to scale SWAP Co-Hosting Document processes through Legends XBuild team so business can run without himWhat Sean did before he got into short-term rentals College VIP discount cards for studentsGolf VIP (access to/discounts on courses)Why Sean recommends the Legends X programAccountability pods to stay engagedCommunity going through similar thingsConnect with SeanStay Work and Play Co-HostingResourcesThe 4-Hour Workweek: Escape 9-5, Live Anywhere and Join the New Rich by Timothy Ferriss‘Alive Time or Dead Time. What Will It Be?’ in the Daily StoicThumbtackMatterport Virtual 3D Real Estate ToursStarlinkJulie George on ClubhouseLegends XGet Paid for Your Pad on YouTubeEmail jasper@getpaidforyourpad.com SponsorHostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

So, you don’t quite make enough money to support yourself as a short-term rental host. But you know you need to spend more time on the business if you want to grow. Do you wait and try to save more money? Or do you take a leap of faith, quit your job and go all-in on Airbnb? Sergio Castaneda is a part of our Legends X community and the founder of Jungle House, a short-term rental company out of Columbus, Ohio. Sergio was running two successful Airbnb units on the side while he worked full-time. But after a particularly stressful week on the job, Sergio quit to run his STR business full time. Today, he supports himself fully with the revenue from four listings and Jungle House was recently named one of the top 18 vacation rentals in Columbus. On this episode of Get Paid for Your Pad, Sergio joins me to explain why he quit his job to go all-in on Airbnb, describing how it felt to walk away from his 9-to-5 and what the transition to full-time host looks like. He offers advice on how to attract bookings, challenging us to tell a story through photos and build trust with prospective guests in our listing. Listen in for Sergio’s insight on increasing your STR revenue and find out what he has planned for the future of Jungle House! Topics Covered What inspired Sergio’s interest in AirbnbPassion for real estate and hospitalityWay to give back to travel industry How Sergio got his start in short-term rentalsLease small studio for test runUse money to buy first homeRent spare bedroom to cover mortgage How Sergio felt about quitting his jobConfident (other STR units doing well)Didn’t want to look back with regret Sergio’s advice on how to attract bookingsInvest in professional photosTell story with picturesBrag about listing in descriptionBuild trust with About Me What Sergio does to increase his revenueUse dynamic pricing toolsOffer late checkout, early check-in Sergio’s plans for the future of Jungle HouseCreate systems that don’t need meFocus on brand and growing companyPartner with likeminded investorsAdd units (some in other locations) Connect with Sergio Jungle HouseEmail hello@junglehouse.org Resources PriceLabsWheelhouseBeyond PricingStayFiArthur Colker on GPFYP EP386MailChimpLegends XGet Paid for Your Pad on YouTubeEmail jasper@getpaidforyourpad.com  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

To scale a short-term rental business, you need more properties. And the best way to expand your portfolio is to build relationships with the right people. People who can help you find new units to manage. So, who should STR operators be connecting with? And how do we go about building those relationships? Liam Carolan is the short-term rental expert behind Ginger & Gold, a property management company out of Norwich in England’s Norfolk County. Liam started hosting on Airbnb in January of 2019, and today, he and his partner have a 10-unit portfolio of master lease and management properties. Liam is also a member of our Legends X community. On this episode of Get Paid for Your Pad, Liam joins me to explain how he builds rapport with letting agents, challenging STR operators to get out of our comfort zone and provide value before we go for the ask. He explores who to build relationships with as you scale and how to build trust by considering what’s important to the other person and following up on what you say you’re going to do. Listen in for Liam’s insight on being clear about what you want and learn how to leverage relationships to find new properties and scale your STR business! Topics Covered How Liam got into short-term rentalsWanted to spend more time with sonFound mentor doing master leasing How Liam builds rapport with letting agentsDrop into office multiple timesExplain how you can help them Who to build relationships with as you scale Letting agentsLocal property networking groupsOther local STR operators How to build trust in a business relationshipFollow up on what you say you’ll doDemonstrate competencePut yourself in their mindsetLean on transferable skillsTell stories, real world examples The value in being clear about what you wantEasier for letting agent to help youCreate preferred investment area map  Why Liam joined the Legends X programHelp with focusStrategies to scale up business What Liam has learned in Legends XLeverage values to make decisionsBuild detailed playbook of processesPower of bold brand promise Connect with Liam Ginger & GoldLiam on LinkedIn  Resources Google My MapsMark SimpsonJulie GeorgeLegends XGet Paid for Your Pad on YouTubeEmail jasper@getpaidforyourpad.com  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

If you manage one or two properties on Airbnb, it’s fairly easy to keep track of your communications with cleaners and maintenance personnel. But as you grow a STR business, it gets more and more challenging to oversee quality control and keep up with routine maintenance on multiple listings. So, what can you do to streamline your cleaning and maintenance processes and maintain a high-quality guest experience—no matter how many properties you manage? Jeremy Gall serves as CEO of Breezeway, the leading property care and operations platform for short-term rentals. The Breezeway software helps coordinate, communicate and verify detailed work, supporting STR hosts in delivering the best possible guest experience across a portfolio of properties. Jeremy got his start in the STR space in 2006 as the cofounder of vacation rental marketplace FlipKey before shifting his focus to management and founding Breezeway in 2016. On this episode of Get Paid for Your Pad, Jeremy joins me to explain how Breezeway helps hosts scale a STR business, facilitating communication with cleaners and other service personnel and automating as much of the turnover process as possible. We explore the role cleaning and maintenance staff play in helping us build a brand and tailor the guest experience as we grow. Listen in to understand how the Breezeway guest messaging product works and learn how Jeremy’s software is tailored specifically to YOUR vacation rental business. Topics Covered What inspired Jeremy to build BreezewayHost needs around property maintenanceHigher guest expectations for experience How a STR cleaner’s job goes beyond cleaningSupport host in delivering guest experience Manage inventory, identify maintenance issues How Breezeway helps hosts scale a STR businessSmart technology to manage cleaning schedulePlan recurring maintenance, quality controlAutomate as much of turnover as possibleCoordinate with all external service providers Jeremy’s insight on how the Breezeway system worksConnect with main marketing channel or PMSSet up workflows (tailored to your business)Deploy with existing service providers How the Breezeway messaging product functionsText guests shortly after arrival Offer guests concierge service Communicating with service personnel on BreezewayCreate task in system, sends auto alertService personnel provides feedback Connect with Jeremy BreezewayEmail vip@breezeway.io  Resources STR Profit AcademyLegends XGet Paid for Your Pad on YouTubeEmail jasper@getpaidforyourpad.com  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.