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

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.

It’s that time of the year again, at least for US Airbnb hosts. The tax deadline in 2018 is April 17th. The good news is, if […] Hosted on Acast. See acast.com/privacy for more information.

Today I am talking with Rich Holman, the founder of First American Realty International, a real estate and property management company in Medellin, Colombia. Rich first […] Hosted on Acast. See acast.com/privacy for more information.

It’s time for a change, I’ve been writing and talking about Airbnb since 2014. Back then there was very little information out there and I was […] Hosted on Acast. See acast.com/privacy for more information.