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

Melbourne is joining the growing list of cities introducing regulations around short-term rentals, but the municipality is taking a very different approach: Rather than simply limiting […] Hosted on Acast. See acast.com/privacy for more information.

Are you looking for an ideal place to invest in short-term rental property for Airbnb? How about a little spot known as The City of Eternal […] Hosted on Acast. See acast.com/privacy for more information.

If you’ve ever used Smart Pricing, you know that the tool tends toward the lowest prices—favoring guests over hosts in order to increase the number of […] Hosted on Acast. See acast.com/privacy for more information.

While most Airbnb hosts avoid party-going guests like the plague, Airbnb Superhost Walter McCormick welcomes them. In fact, he caters specifically to bachelor and bachelorette parties […] Hosted on Acast. See acast.com/privacy for more information.

If you can’t beat ‘em, join ‘em. As the popularity of short-term rentals grows, more and more landlords are changing their stance on the practice. It […] Hosted on Acast. See acast.com/privacy for more information.

When I record a podcast episode, I often write down some announcements or things I want to talk about outside of the person I’m interviewing. However, […] Hosted on Acast. See acast.com/privacy for more information.

Special events like the Super Bowl present an opportunity for residents of the host city to list on Airbnb and generate extra income, but how do you decide on the right price for your listing? And how do you compete with all the other new hosts who had the same idea?Margot Lee Schmorak, CEO and Co-Founder of Hostfully, joins Jasper to answer your questions around listing for special events like the Super Bowl. They also cover the recent Airbnb blog and subsequent Forbes article about optimizing search rankings that dispelled several myths regarding what counts when it comes to Airbnb SEO.Margot and Jasper walk through this week’s Airbnb headlines as well, discussing the Leigh Gallagher interview with Brian Chesky regarding the IPO, the new short-term rental platform called CryptoCribs, and the Asbury Park host who’s challenging new regulations in the city.Topics CoveredArticle #1: Airbnb Finally Opens Up on How to Rise Through Its Search Rankings•Dispels myths around search rankings•Superhost status, ‘tweaking’ do not help•Visits, clicks and level of interest do matter•Search results highly personalizedArticle #2: Asbury Park Homeowner Fights Airbnb Regulations•City voting to prohibit short-term rentals unless owner present•Host paying $20K in property taxes, uses Airbnb to defray cost•Gathered necessary 156 signatures, forcing city council to consider alternative•If alternative declined, issue goes to voters through referendumArticle #3: Airbnb CEO: ‘We’ll Be Ready’ for IPO•Declared halfway through two-year project in March 2017•Will be ready in 2018, but may not go public right away•Buffet advised Chesky to ‘get rich slow’•Danger in IPO too early (i.e.: Blue Apron)Article #4: CryptoCribs: The ‘Airbnb’ for Cryptocurrency Users•Listing platform, pay with bitcoin or ethereum•Uses blockchain to store info (public)•Challenge in attracting supply and demand•Airbnb on track to make bitcoin a feature as wellQ: I live in Minneapolis, the site of the 2018 Super Bowl, and I would like to list my home on Airbnb for the event. How do I maximize my earning potential?•Beyond Pricing blog post explains massive increase in supply•Occupancy went down during Super Bowl in Houston (from 55% to 25-30%)•Guests expect to pay a lot for lodging (price increases of 50—100%)•Keep prices high to position as premium listing•List early to rack up as many reviews as possible•Consider listing on multiple platforms (including local sites)•Do your own search as potential guest to see search rankings, competition•Customize your listing for Super Bowl, brand for teams involvedResources MentionedArticle #1: forbes.com/sites/sethporges/2017/10/30/airbnb-finally-opens-up-on-how-to-rise-through-its-search-rankings/#30ba16f31922Airbnb Blog: Answers to Your Top Search QuestionsArticle #2: app.com/story/news/local/communitychange/2017/10/30/asbury-park-airbnb-regulations/796091001/Article #3: fortune.com/2017/10/25/airbnb-ipo-public/Article #4: btcmanager.com/cryptocribs-airbnb-for-cryptocurrency-users/ATLANTCryptoCribsLíf TokensBeyond Pricing Super Bowl BlogJasper’s YouTube ChannelConnect with JasperEmail: jasper@getpaidforyourpad.comTwitter: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadAirbnb News Facebook GroupThis episode is sponsored by Aviva IQ. Aviva IQ automates messages to your Airbnb guests. It's also free! Hosted on Acast. See acast.com/privacy for more information.

There are a number of different ways to take advantage of the Airbnb platform, from listing a room in your own home to re-leasing a rented apartment. You might choose to co-host with a property owner or rent out your entire home while you are away. Some creative hosts even convert unused spaces, turning a shed in the backyard into a tiny home or transforming an attic into a studio apartment. Toby Doré is doing all of this and more, using every Airbnb model that’s out there to generate income through the platform.Toby has been hosting on Airbnb in Lafayette, Louisiana, since March of 2013, and he has a whopping 1,776 reviews! Toby is also a full-time university professor in athletic training, sports medicine and sports psychology. He loves to travel, road-tripping across the US and visiting more than 40 countries in Europe, Central America, and South America.Toby is also a serial Airbnb entrepreneur who utilizes every model: re-leasing, co-hosting and listing his Lafayette home on the platform. He has his own website, Cajun Hostel, as well as a travel blog. Today on the podcast, he shares how an 8-week road trip inspired his Airbnb journey. He offers his take on the pros and cons of each model, explaining which has been the most lucrative and extending his advice around establishing contracts between co-hosts. Listen in and learn how Toby outsources much of his Airbnb business while he works full-time and travels the world!Topics CoveredWhat Led Toby to Airbnb•Read about minimalism in The Joy of Less•Planned 8-week road trip across US•Couple met through music promotion suggested Airbnb•Used platform during trip•Listed 3-bedroom home while traveling•Airbnb profits paid for rental car, gasThe pros and cons of renting his own home•Most profitable of business models•Income pays mortgage, utilities•Profits help pay for international travel•Turned storage shed into tiny house•Converted attic to private studio•Always booked, no place for him to stayThe re-leasing model•Rented affordable, small apartment in downtown Lafayette•Lists studio on Airbnb four months of year while traveling for work•Rented four other houses, but gave up as popularity of hosting increasedThe co-hosting model•Neighbor tired of renters ‘messing up house’•Asked Toby to manage as Airbnb•Split profit after expenses paid (utilities, internet, amenities)•Implementing Airbnb co-hosting platform complicated things•Toby suggests contract defining responsibilities around expensesTricks Toby learned from using Airbnb as a guest•Keycode locks on properties•Automation (i.e.: code sent upon confirmation of booking)How Toby outsources much of his Airbnb enterprise•Bilingual manager handles bookings, reviews•Sister-in-law helps with cleaning•Second cleaner with 17 years of experience•Hires university interns in business, hospitality management•Worldpackers get dorm room in exchange for social media marketing workToby’s Airbnb profits•Receives flat fee for managing upscale house in New Orleans (about 30% of profits)•80/20 split with next-door neighbor•Most rental management companies receive 30-35%•Income from home he owns pays mortgage, utilities + 20% profit•Home improvement loans on tiny home, studio paid off in two yearsConnect with TobyCajun HostelToby’s Airbnb ProfileToby’s Travel BlogResourcesThe Joy of Less: A Minimalist Guide to Declutter, Organize, and Simplify by Francine JayVRBOFlipKeyWorldpackers Hosted on Acast. See acast.com/privacy for more information.

Airbnb Experiences has not quite lived up to the fanfare that accompanied its launch a year ago, and this week Leigh Gallagher, author of The Airbnb Story, interviewed CEO Brian Chesky to ask about its slow growth.Jasper is joined by Hostfully VP of Strategic Partnerships, Nicole Prentice Williams, to discuss whether it’s fair to compare the growth of the platform itself with the progress of Experiences. They also cover Chesky’s response to the #metoo campaign and the new responsibilities of another Airbnb co-founder, Nathan Blecharczyk as he takes over operations in China.While business may be rocky for Airbnb in China, it is booming in Africa, and headlines this week applaud the growth on the continent and the platform’s partnership with leadership in Cape Town. Nicole and Jasper also share the heartening story of a guest who painted an epic mural in a host’s apartment in Tokyo in exchange for a free stay!Topics CoveredArticle #1: Airbnb CEO: Here’s How ‘Experiences’ are Doing So Far•Airbnb Experiences launch one year ago•Only 3K experiences vs. 4M homes•Unfair comparison, keeping small on purpose•Earned 500K from social impact experiences•Homes business had no traction one year in•Experiences has 3K hosts, tens of thousands on wait list•Difference between new marketplace and established media machine•‘Experiences’ is buzzword in industry•Certain Experience hosts earning six figures (most earn 7K)•Chesky expecting Experiences to be big•Ultimate goal to become one-stop shop for travelersArticle #2: Airbnb’s China Chief Departs Abruptly Just Months Into the Job•Head of China business gone after four months•Search lasted longer than held post•Unclear why, seems to have been his decision•Airbnb not commentingArticle #3: Airbnb Head of China Operations Departs as Co-Founder Settles into New Role•Co-founder Nathan overseeing operations•Shows importance of Chinese market to Airbnb•China is difficult market for startupsArticle #4: This Airbnb Guest Left Behind an Incredible Mural on the Host’s Walls•Host in Tokyo learned guest was artist•Asked to create mural on white wall•Epic resultsAirbnb could do coffee table book of unique storiesArticle #5: Airbnb CEO: ‘We Need More Women Leaders’•Chesky commented on #metoo campaign•Proposed solution of having more women in leadership•No women on board of Airbnb (6 of 8 members are white men)Article #6: Airbnb Enjoys Spectacular Growth in Africa•Africa is fastest growing market•100K listings•Cape Town most popular (17K listings)•Mayor working with Airbnb•2M guests in last five years•Hosts earned $139M last year•South Africa has most listings•Morocco comes in second•325% growth in Nigeria•Airbnb conscious of social issuesResources MentionedArticle #1: fortune.com/2017/10/23/airbnb-ceo-experiences-new-york/VRMAArticle #2: bloomberg.com/news/articles/2017-10-24/airbnb-s-china-chief-departs-abruptly-just-months-into-the-jobArticle #3: skift.com/2017/10/24/airbnb-head-of-china-operations-departs-as-co-founder-settles-into-new-role/Article #4: lonelyplanet.com/news/2017/10/23/airbnb-guest-leaves-murals/Article #5: fortune.com/2017/10/24/airbnb-ceo-no-more-hands-off-approach-on-techs-impact/Article #6: cnn.com/2017/10/24/africa/airbnb-growth-africa/index.htmlConnect with JasperEmail: jasper@getpaidforyourpad.comTwitter: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpad Hosted on Acast. See acast.com/privacy for more information.

Perhaps the greatest challenge of being a remote host is building a relationship with your guests when you can’t be there face to face. Airbnb was founded on the principal of personal connection, but when your listing is in the rural village of Dudeldorf, Germany, and you are a thousand miles away in Spain, how do you go about making the guests feel at home? Or providing personal recommendations for seasonal things to do?Niels Becker has designed a truly genius approach to remote hosting through a listing Facebook page. The page functions as a sort of interactive, continually updated guidebook, providing guests with timely information around events in the area, like the popular Christmas market. In addition, the Facebook page promotes Niels’ listing as his satisfied guests like and share the page with their contacts.Beyond his experience in the short-term rental market, Niels also manages several long-term rentals in Dudeldorf. Today on the podcast, he compares the revenue earned via Airbnb guests versus tenants. Niels explains how he secured public funds to restore his properties, why he chose to try Airbnb in one of those investment units, and how he finds information for his Facebook page. Listen in and learn his unique approach to remote hosting and why investing in rural communities is your safest bet.Topics CoveredNiels’ decision to try Airbnb•Rents several units long-term (near US airbase)•Had trouble renting small studio•Listed studio on Airbnb six months agoThe particulars of Niels’ investment property•Beautiful area near border with Luxembourg•Area losing residents to large cities•Working to preserve heritage•Provides funding to restore historic buildings (to modern standards)Niels’ Facebook page•Solves problem of being remote host•Shares interesting things going on in area, nearby villages to visit•Entries mined from local Facebook groups•Provides most current, updated infoHow the Facebook page promotes Niels’ listing•Guests ‘like’ the Facebook page•Guests contribute their own photos, reviews•Guests’ contacts exposed to listing•Book Now button links to AirbnbLong-term rental vs. Airbnb•Niels currently making 2X for studio•Going into low season, but bookings still coming•Comparable to long-term units (location, furnishings, architecture)How Niels manages his units from home in Spain•Relies on local cleaning, management services•Rest is automated (e.g.: lock box for entry)•Sends handwritten note as photo through Airbnb to welcome•Always available to guests through Airbnb messagingThe Airbnb-friendly regulations in rural Germany•Short-term rentals, tourism encouraged•Many empty units (opposite problem of cities)•Earns less revenue than cities, but property more affordable•Niels receiving very good ROIConnect with NielsLiving in History—Dudeldorf/EifelNiels’ Airbnb ListingConnect with JasperEmail: jasper@getpaidforyourpad.comTwitter: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests! Hosted on Acast. See acast.com/privacy for more information.