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

Airbnb has seen rapid growth in the last 10 years, and now boasts more than three million available properties in more than 65,000 cities around the world. With so many listings on the site it's important to get your listing right.Many first-time Airbnb hosts focus on getting the practical elements right such as kitchen supplies, comfortable beds and bedding and packaged bathroom products to name a few. The practical elements do matter and it is important to nail this, however these aren't the only important elements.If you search listings in your area, you may find hundreds or thousands of listings offering the same basic needs, so how do you stand out from the crowd? In the world of Airbnb, a picture is worth a thousand words to a potential guest but this doesn't mean that you have to furnish you property with expensive furnishings and decor.This week I speak to Sofia Bak, who quit her job in pursuit of happiness. She couldn’t find her path for a long time, but then ended up Airbnbing a living room in her apartment in Alameda (outside SF) to make rent and making that first step helped her to see her purpose.Now renting 4 apartments and Airbnbing 3 of them, she set up her niche business “ARTbnb”, which she does inexpensively but makes them look really cool.Topics that we discuss include:*Top tips for setting up unique and exciting Airbnb’s on a budget*Making the most of what you already have including posters and drawings*Where to find great bargains and unique furnishings*How to create your space and style around a key focal pieceConnect with SofiaAirbnb: https://www.airbnb.com/users/11993614/listings Connect with JasperEmail: jasper@getpaidforyourpad.comTwitter: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadAirbnb News Facebook GroupTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunes or Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

As Airbnb continue to fight stricter regulations in many major cities across the globe, many would-be hosts are looking at new opportunities to invest and host abroad. The Ivory Coast has increased in popularity, seeing its annual visitor numbers rise steadily in recent years with holidaymakers due to its golden beaches, fading French colonial heritage and traditional Senufo cultural experiences.Martin Sjögren is a Swedish-Italian who saw an opportunity back in 2007 while working and living in Europe, and bought a house in Abidjan in the Ivory Coast as his wife is from there. Some years ago that house started generating significant income, so he and his wife decided to buy another one. In 2016, he bought a larger house in Abidjan (5 guest bedrooms guests + 2 staff bedrooms) and all rooms are consistently fully booked.Topics that we discuss include:*How to deal with an Airbnb in an area where streets have no names*Weak rule of law and scams to be aware of in the Ivory Coast*The benefits of investing in a country where Airbnb is not yet regulated*How the Ivory Coast is changing, its fast economic growth, and urbanisation*Other businesses Martin attempted in the Ivory Coast*How to buy and invest in property in the Ivory Coast and potential returns on investment*The recent history of the Ivory Coast and a harrowing story of Martin's wife narrowly escaping death squads*The impact of having no rail based public transport in a large cityConnect with MartinAirbnb: https://www.airbnb.co.uk/rooms/16751623email: martinmsjogren@gmail.comConnect with JasperEmail: jasper@getpaidforyourpad.comTwitter: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadAirbnb News Facebook GroupTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunes or Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

As more and more Airbnb hosts join the hosting game, the short-term rental landscape is getting more competitive and standing out from the crowd is becoming more important. Guests are looking for unique properties that reflect the personality of the host. Adding some art pieces to your space is an excellent way to achieve this.Annie Kim is the author of A Beautiful EVOLution: Overcoming Adversity Through ART. She's been an artist since she was young and she's used it to overcome traumatic experiences from her youth. Annie was born in Seattle and currently lives in Las Vegas.Topics that we discuss include:*Why having art in your home can benefit your Airbnb hosting business*How to find out what type of art fits your home best*Ways to find affordable pieces of art*How to get started creating your own art*Annie's mural and custom art projectsTo see some of Annie's work, visit her website. She'll have a video online shortly of the latest murals that she created.If you're interested in working with Annie on a custom painting or mural for your Airbnb, you can email her at annienkim@yahoo.com or contact her through her website. A custom painting typically takes a day or two to create, a mural will take about four to six days depending on the size of the wall.Connect with Anniewebsite: http://www.her-art.galleryemail: annienkim@yahoo.comConnect with JasperEmail: jasper@getpaidforyourpad.comTwitter: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadAirbnb News Facebook GroupTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunesor Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

In today’s episode, I discuss recent Airbnb news updates with Nicole Prentice Williams, VP of Strategic Partnerships at Hostfully. We recorded this podcast live on Instagram and Facebook, you can watch the video of the recording here. You can join and watch future episodes live, every Monday at 10.30am PST (1.30pm EST). See below for the different topics that we discuss. Airbnb friendly regulations in SwitzerlandThe Swiss government is proposing Airbnb friendly regulation that states that tenants need to obtain permission from their landlords to rent on Airbnb. However, the landlord can only refuse for good reasons, for example, if renting out would compromise the neighbor’s security.Airbnb cancels co-host split payment optionAn unpopular move by Airbnb, the co-host payment split option will no longer be available starting August 1st, 2018. Hosts will have to find an alternative way to divide their Airbnb income between themselves and their cleaners and managers. New York city councilmen getting paid by hotel industryAccording to the NY Post, councilmen who’ve been in favor of stricter regulation of short-term rentals have been paid by the hotel industry. The newspaper reports that “the hotel industry made hefty investments — about $460,000, in total — in council races during the 2013 and 2017 election cycles.”The newspaper states that a total of fifteen councilmembers have received a payment, with on councilman taking home a massive $33,800. Peek raised USD 23 millionAirbnb’s competitor in the experience and tours niche, Peek, raised 23 million dollars in a recent series B round, led by Cathay Innovation. As opposed to Airbnb, the San Francisco-based startup sells software to activities providers instead of marketing tours directly to consumers. Could this be a potential Airbnb take-over target in the future or will Airbnb continue to grow its experience business organically? Airbnb goes public before 2020, ready by June 2019CEO Brian Chesky reportedly announced that Airbnb will IPO before 2020 when some employee stock grants expire. He also promised to pay cash bonuses to employees, some of whom are frustrated about the IPO that’s been delayed multiple times. Classic car rental available through “Book a classic”Airbnb’s high-end property rental arm, Luxury Retreats, has partnered with BookAClassic, an online peer-to-peer classic car rental platform, to offer car rentals to its customers. Guests who book a property can have their preferred car waiting for them at check-in. Over 20,000 cars in 36 countries are currently available.  Hosted on Acast. See acast.com/privacy for more information.

In today’s podcast episode I share a number of updates on the things that I’ve been working on during the last few months. Here’s an overview. * The penthouse in Cali that I purchased last year (first guests booked!) I recently stayed at my Airbnb penthouse in Cali (Colombia) for about four weeks. I absolutely loved it, the guys at FAR International did a great job. See my Instagram account (@getpaidforyourpad or jasper.ribbers) for the most recent pictures! I haven’t listed it on Airbnb yet, as I’m waiting for a pump to be installed to improve the water pressure in the showers. However, I did get my first booking through FAR International’s client base. * My recent trip to Egypt where I looked at potential Airbnb investments Podcast listener Sofia Bak (check out her awesome Airbnb listings near LAX in Los Angeles) notified me of an opportunity near the popular beach resort of Hurghada, Egypt. There are apartments near the beach for sale for as little as $5,000. I flew over to check it out, but I didn’t decide to buy anything. * A new property management company that I’ve co-founded I recently started managing properties in the US through a new company, Innhance. I partnered with a few really good friends to offer a short term rental management solution throughout the US. It’s an ambitious plan, but I’m excited and confident we can find a solution for any property. * The new book that I’ve been working on My new book, the sequel to Get Paid For Your Pad, will come out in the spring of 2019. The content is almost done and Huzefa and I will be working on the editing and proofreading of the book in the next few months. The book will contain an updated version of GPFYP plus over 45,000 words of new content on how to find profitable short term rental properties around the world, including a detailed description of the properties I bought personally as well as 10 case studies of other investors. Connect with JasperEmail: jasper@getpaidforyourpad.comTwitter: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadAirbnb News Facebook GroupTo subscribe to the podcast, please use the links belowClick Here to Subscribe via iTunesClick here to Subscribe via Stitcher (Android users)If you like the show, please consider leaving the show a review in iTunes or Stitcher. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See acast.com/privacy for more information.

In today's podcast episode I chat with Daniel Parker, founder of AirManaged, a short term rental management company based in Edinburgh, Scotland. Daniel had a difficult time finding a good management company to manage his own Airbnb units so he decided to start his own. His company now manages over 100 units. One of the main challenges for Daniel (and any other business owner for that matter) was how to find new clients. His first clients mainly came from his own personal network and by talking to as many people as possible. In addition he used SEO strategies, paid advertising on Google as well as reaching out to property owners who advertised on classified adds websites. After he built a solid client base, most of the new leads came from referrals from his existing customers. Managing over 100 units on multiple platforms can get quite complicated. Daniel uses the following four tools to run his business smoothly and efficiently: *AirGMS: to manage his units on Airbnb, in particular sending automated messages and creating automated reviews *Hostaway: to export his Airbnb listings to other platforms like Booking.com *Properly: to schedule cleanings and provide turn over instructions to his team *Pricelabs: to automatically set optimal prices for all his listings Hosted on Acast. See acast.com/privacy for more information.

Listen and learn how Patrick, manager of FAR International Cali, got scammed out of $100,000 in a real estate deal in Cali, Colombia.Patrick’s story and how he lost $100,000Patrick got fed up with sub-urbian life in Denmark and decided to buy himself a motorbike to ride it from the US to Brazil. On his last night in Cali, Colombia, he met a beautiful brown-eyed girl. Fast forward a few years, they settled down in Cali together.Patrick purchased a nice plot of land where he planned to build 18 apartments. The land was situated in an earth-quake zone, which meant he had to take soil samples before starting the construction. Shortly after he began digging, a man came running over claiming the land belonged to his family.Patrick called his lawyers and the police in order to sort out the situation. It turned out that the land indeed used to belong to the man, but now it was in Patrick’s name. However, the person who sold the land to Patrick used a fake ID and took the money. Both Patrick and the land owner got scammed by this person.A legal process has been going on for four years in order to decide who owns the land. The first prosecutor died, the second one got re-assigned and the third one doesn’t have an assistant or an investigator and she has 450 cases open, so Patrick doesn’t expect a ruling to come any time soon, even though the scammer and the transaction have both been identified. He hasn’t recovered a single penny of the $100,000 he invested, which was all of his life savings.After recovering from the shock, Patrick applied for a job at FAR International and soon became a partner in the business, running the Cali department.Other topics* Process of buying real estate in Colombia as a foreigner* Learning lessons from the experience* The “Clinton List”* Due diligence Patrick did before buying the land* How the scammer got away with it* How the introduction of finger prints makes these type of scams almost impossible now* Why Cali is an attractive place to invest* Short term rental regulations in Colombia Hosted on Acast. See acast.com/privacy for more information.

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In this news episode I chat with the one and only David Jacoby, president and co-founder of Hostfully. We discuss the topics related to Airbnb that have been in the news recently. Topics include:The cost of Airbnb to New York renters: $616 millionAccording to a new study by city comptroller Scott Stringer, Airbnb caused New York residents to pay an extra $616 million in rent from 2009 to 2016. The study used data from AirDnA to calculate the effect that the short term rental website had on rents. Shortly after the report was published, Scott Shattford, CEO of AirDnA, disputed the conclusion saying that the errors were made interpreting the data. In addition, he couldn't find a payment record of the comptroller's office, suggesting that the data had been obtained illegally. The Best (And Worst) Cities To Make Money On AirbnbUsing data from Airbnb, a website called Homes.com researched the best and worst cities in the US to make money on Airbnb. Instead of looking at absolute dollar amounts, they expressed the profitability in terms of how many days it would take to cover a monthly mortgage payment. According to the study, Ohio is the place to be to rent on Airbnb, featuring the top two cities: Akron and Cleveland. Less than five days per month is sufficient to cover the mortgage in these places. Compare that to places in California such as San Francisco and San Jose, where you would need 23 and 27 days respectively to cover the mortgage. In general it seems that states in the mid-west feature the best opportunities. However, these regions may also see lower demand than the major cities on the east and west coast.  Hosted on Acast. See acast.com/privacy for more information.

Today’s episode is a special one in many ways, it’s the first episode of Get Paid For Your Pad that I recorded live with multiple guests, […] Hosted on Acast. See acast.com/privacy for more information.