During this engaging conversation, I had the privilege of chatting with David Curtis, the founder of WeHost Canada and an adept property manager. Our discussion provided a comprehensive overview of the intricate world of short-term rental management, touching on essential strategies and insights for success.David began by sharing his personal evolution, moving from a co-hosting model to establishing WeHost Canada as a prominent property management company. He emphasized the crucial role of transparent contracts and agreements with clients to facilitate effective collaborations and minimize potential disputes. Open communication and setting clear expectations emerged as key practices to ensure a harmonious working relationship.A pivotal shift David discussed was his transition from co-hosting to directly managing properties on his account via a Property Management System (PMS). This switch empowered him to deliver an elevated level of service, ensure consistent branding, and mitigate potential risks associated with the co-hosting approach.Fee structures also emerged as a critical topic, with David advocating for a management fee structured around gross rental revenue. While acknowledging that industry norms vary across markets, David emphasized the importance of appropriately valuing services. Prioritizing exceptional value and an outstanding guest experience should inform fee decisions.The conversation explored the significance of cultivating a distinct brand identity, particularly within the short-term rental niche. David underscored WeHost Canada's specialization in inner city family homes, notably in St. John's, Newfoundland. These uniquely designed Jelly Bean Row style homes have garnered popularity among travelers.David extended an invitation to fellow professionals and enthusiasts to connect and learn from his experiences. He underscored the value of mutual support and growth within the community. Interested individuals can reach out to David directly at David@wehostcanada.ca or explore the listings and services provided by WeHost Canada at their website, https://www.wehostcanada.ca.In conclusion, my conversation with David Curtis offered a treasure trove of insights into short-term rental property management. From emphasizing transparent agreements and effective communication to advocating for a hands-on management model and fostering a strong brand identity, David's journey is a testament to the boundless opportunities within the industry. Hosted on Acast. See acast.com/privacy for more information.

During this engaging conversation, I had the privilege of chatting with David Curtis, the founder of WeHost Canada and an adept property manager. Our discussion provided a comprehensive overview of the intricate world of short-term rental management, touching on essential strategies and insights for success.David began by sharing his personal evolution, moving from a co-hosting model to establishing WeHost Canada as a prominent property management company. He emphasized the crucial role of transparent contracts and agreements with clients to facilitate effective collaborations and minimize potential disputes. Open communication and setting clear expectations emerged as key practices to ensure a harmonious working relationship.A pivotal shift David discussed was his transition from co-hosting to directly managing properties on his account via a Property Management System (PMS). This switch empowered him to deliver an elevated level of service, ensure consistent branding, and mitigate potential risks associated with the co-hosting approach.Fee structures also emerged as a critical topic, with David advocating for a management fee structured around gross rental revenue. While acknowledging that industry norms vary across markets, David emphasized the importance of appropriately valuing services. Prioritizing exceptional value and an outstanding guest experience should inform fee decisions.The conversation explored the significance of cultivating a distinct brand identity, particularly within the short-term rental niche. David underscored WeHost Canada's specialization in inner city family homes, notably in St. John's, Newfoundland. These uniquely designed Jelly Bean Row style homes have garnered popularity among travelers.David extended an invitation to fellow professionals and enthusiasts to connect and learn from his experiences. He underscored the value of mutual support and growth within the community. Interested individuals can reach out to David directly at <a href="mailto:David@wehostcanada.ca" rel="noopener noreferrer">David@wehostcanada.ca</a> or explore the listings and services provided by WeHost Canada at their website, <a href="https://www.wehostcanada.ca/" rel="noopener noreferrer nofollow" target="_blank">https://www.wehostcanada.ca</a>.In conclusion, my conversation with David Curtis offered a treasure trove of insights into short-term rental property management. From emphasizing transparent agreements and effective communication to advocating for a hands-on management model and fostering a strong brand identity, David's journey is a testament to the boundless opportunities within the industry. Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer nofollow" target="_blank">acast.com/privacy</a> for more information.

Best way to work with management clients

Sign-up for Hostfully with code LEGENDS and get $100 off your onboarding fee: http://www.hostfully.com/legendsXSave time &amp; money with these Airbnb tools https://www.getpaidforyourpad.com/airbnb-toolsGrow your short-term rental business https://www.overnightsuccess.io/Hey everyone, Jasper here! Today, I had the pleasure of chatting with Brise Carpenter from Hostfully, a property management software and digital guidebooks service that we've been using and loving for quite some time now. I want to share with you some key insights from our conversation and how Hostfully can revolutionize your property management experience.Hostfully offers an integrated platform that combines digital guidebooks with their property management system (PMS). This integration makes it incredibly convenient for hosts to manage their vacation rentals efficiently. Brise emphasized that Hostfully's PMS is not a magic bullet; it requires dedication and time to fully leverage its potential. However, I can vouch for the fact that once you invest that time and effort, the results are well worth it.For those interested in using Hostfully's services, you can sign up for either the property management software or the guidebooks directly on their website. The great news is that they offer a special discount code, "Legends," which grants you $100 off and 50% off onboarding costs for the PMS. If you opt for an annual subscription, you'll also receive an additional 10% discount. For guidebooks, "Legends" code users get three months of free access.One aspect I truly appreciate about Hostfully is their commitment to engaging with users actively. They love working with dedicated hosts who are eager to improve their business and have the perseverance to overcome challenges. It's evident that Hostfully values its customers, and I believe this level of customer support can significantly benefit any vacation rental host.It's crucial to remember that Hostfully's PMS is an investment in your property management journey. While some may initially expect immediate results, the reality is that it requires a learning curve and time to optimize its potential. I can understand how hosts might hop between various PMS options, seeking a quick fix, but investing in  Hostfully's and giving it the time it deserves will yield long-term rewards.In conclusion, I highly recommend Hostfully for property managers and hosts who are dedicated to improving their vacation rental business. The integrated approach combining the PMS and guidebooks, along with the valuable support provided by the Hostfully team, sets it apart from other options on the market. To experience the benefits firsthand, head over to their website and use the "Legends" code to get started on optimizing your property management workflow with HostfullyAlright, that's it from me today. Stay tuned for more exciting content, and I'll catch you in the next podcast. Have a fantastic week! Hosted on Acast. See acast.com/privacy for more information.

<ul><li>Sign-up for Hostfully with code LEGENDS and get $100 off your onboarding fee: <a href="http://www.hostfully.com/legendsX" rel="noopener noreferrer nofollow" target="_blank">http://www.hostfully.com/legendsX</a></li><li>Save time &amp; money with these Airbnb tools <a href="https://www.getpaidforyourpad.com/airbnb-tools" rel="noopener noreferrer nofollow" target="_blank">https://www.getpaidforyourpad.com/airbnb-tools</a></li><li>Grow your short-term rental business <a href="https://www.overnightsuccess.io/" rel="noopener noreferrer nofollow" target="_blank">https://www.overnightsuccess.io/</a></li></ul> Hey everyone, Jasper here! Today, I had the pleasure of chatting with Brise Carpenter from Hostfully, a property management software and digital guidebooks service that we've been using and loving for quite some time now. I want to share with you some key insights from our conversation and how Hostfully can revolutionize your property management experience.Hostfully offers an integrated platform that combines digital guidebooks with their property management system (PMS). This integration makes it incredibly convenient for hosts to manage their vacation rentals efficiently. Brise emphasized that Hostfully's PMS is not a magic bullet; it requires dedication and time to fully leverage its potential. However, I can vouch for the fact that once you invest that time and effort, the results are well worth it.For those interested in using Hostfully's services, you can sign up for either the property management software or the guidebooks directly on their website. The great news is that they offer a special discount code, "Legends," which grants you $100 off and 50% off onboarding costs for the PMS. If you opt for an annual subscription, you'll also receive an additional 10% discount. For guidebooks, "Legends" code users get three months of free access.One aspect I truly appreciate about Hostfully is their commitment to engaging with users actively. They love working with dedicated hosts who are eager to improve their business and have the perseverance to overcome challenges. It's evident that Hostfully values its customers, and I believe this level of customer support can significantly benefit any vacation rental host.It's crucial to remember that Hostfully's PMS is an investment in your property management journey. While some may initially expect immediate results, the reality is that it requires a learning curve and time to optimize its potential. I can understand how hosts might hop between various PMS options, seeking a quick fix, but investing in Hostfully's and giving it the time it deserves will yield long-term rewards.In conclusion, I highly recommend Hostfully for property managers and hosts who are dedicated to improving their vacation rental business. The integrated approach combining the PMS and guidebooks, along with the valuable support provided by the Hostfully team, sets it apart from other options on the market. To experience the benefits firsthand, head over to their website and use the "Legends" code to get started on optimizing your property management workflow with HostfullyAlright, that's it from me today. Stay tuned for more exciting content, and I'll catch you in the next podcast. Have a fantastic week! Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer nofollow" target="_blank">acast.com/privacy</a> for more information.

Property Management Software Onboarding Tips

Follow Freewyld on Instagram: https://www.instagram.com/stayfreewyld/Grow your short-term rental business =&gt; https://www.overnightsuccess.io/xSave time &amp; money with these Airbnb tools =&gt; https://www.getpaidforyourpad.com/airbnb-toolsIn this episode of "Get Paid for Your Pad," I am thrilled to share the exciting news about our latest project, FreeWild. Together with my friend Eric Moeller, we are embarking on a journey to help people disconnect from the digital world, reconnect with nature, and be fully present in the moment.FreeWild is not just another ordinary short-term rental concept. It's a unique experience that allows guests to choose between two modes: "Free Mode" and "Wild Mode." In "Free Mode," guests can enjoy all the modern comforts they're used to, with fast internet, streaming services, and full connectivity. But the magic truly happens when you decide to switch to "Wild Mode."In "Wild Mode," we encourage you to put away your devices and embrace the natural surroundings. Our properties are strategically located near beautiful nature spots, such as mountains, lakes, and beaches, offering the perfect backdrop for reconnecting with nature and yourself. During this mode, you'll discover a world of offline experiences, from old-fashioned board games and vinyl records to treasure maps that lead you to explore the area.The inspiration behind FreeWild came from our own experiences during the COVID pandemic. It was a challenging time when we felt the need to find balance between staying connected and taking a break from technology. After going through our own journeys of self-discovery and reconnection, we realized that there's a demand for such experiences. That's when FreeWild was born, a place where you can escape the digital noise and immerse yourself in the beauty of the world around you.We want FreeWild to be more than just a short-term rental concept. It's a movement, a lifestyle, and a community of like-minded individuals who value being in the moment and finding joy in nature. Through our Instagram page   @freewild, we will keep you updated on our progress, share stories, and inspire you to incorporate "Wild Mode" moments into your daily life.Our vision is to expand FreeWild globally, touching the lives of millions of people who long for a genuine disconnection from the virtual world. By embracing Wild Mode, we hope to create more meaningful experiences, deeper connections with loved ones, and a greater appreciation for the natural wonders that surround us. Hosted on Acast. See acast.com/privacy for more information.

Follow Freewyld on Instagram: <a href="https://www.instagram.com/stayfreewyld/" rel="noopener noreferrer nofollow" target="_blank">https://www.instagram.com/stayfreewyld/</a>Grow your short-term rental business =&gt; <a href="https://www.overnightsuccess.io/x" rel="noopener noreferrer nofollow" target="_blank">https://www.overnightsuccess.io/x</a>Save time &amp; money with these Airbnb tools =&gt; <a href="https://www.getpaidforyourpad.com/airbnb-tools" rel="noopener noreferrer nofollow" target="_blank">https://www.getpaidforyourpad.com/airbnb-tools</a>In this episode of "Get Paid for Your Pad," I am thrilled to share the exciting news about our latest project, FreeWild. Together with my friend Eric Moeller, we are embarking on a journey to help people disconnect from the digital world, reconnect with nature, and be fully present in the moment.FreeWild is not just another ordinary short-term rental concept. It's a unique experience that allows guests to choose between two modes: "Free Mode" and "Wild Mode." In "Free Mode," guests can enjoy all the modern comforts they're used to, with fast internet, streaming services, and full connectivity. But the magic truly happens when you decide to switch to "Wild Mode."In "Wild Mode," we encourage you to put away your devices and embrace the natural surroundings. Our properties are strategically located near beautiful nature spots, such as mountains, lakes, and beaches, offering the perfect backdrop for reconnecting with nature and yourself. During this mode, you'll discover a world of offline experiences, from old-fashioned board games and vinyl records to treasure maps that lead you to explore the area.The inspiration behind FreeWild came from our own experiences during the COVID pandemic. It was a challenging time when we felt the need to find balance between staying connected and taking a break from technology. After going through our own journeys of self-discovery and reconnection, we realized that there's a demand for such experiences. That's when FreeWild was born, a place where you can escape the digital noise and immerse yourself in the beauty of the world around you.We want FreeWild to be more than just a short-term rental concept. It's a movement, a lifestyle, and a community of like-minded individuals who value being in the moment and finding joy in nature. Through our Instagram page <a href="https://www.instagram.com/p/CpdTT2JuoqT/?utm_source=ig_web_copy_link&amp;igshid=MzRlODBiNWFlZA==" rel="noopener noreferrer nofollow" target="_blank">  @freewild, </a>we will keep you updated on our progress, share stories, and inspire you to incorporate "Wild Mode" moments into your daily life.Our vision is to expand FreeWild globally, touching the lives of millions of people who long for a genuine disconnection from the virtual world. By embracing Wild Mode, we hope to create more meaningful experiences, deeper connections with loved ones, and a greater appreciation for the natural wonders that surround us. Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer nofollow" target="_blank">acast.com/privacy</a> for more information.

New Hospitality Brand Freewyld Launches in August 

Grow your short-term rental business https://www.overnightsuccess.io/Save time &amp; money with these Airbnb tools https://www.getpaidforyourpad.com/airbnb-toolsIn today's episode of Get Paid for Your Pad, we had the pleasure of hosting Nate and Dan, two successful short-term rental hosts, as they shared their valuable insights and strategies for running a profitable Airbnb business. Throughout our conversation, they discussed various topics ranging from pricing strategies to maximizing five-star reviews and even touched on their upcoming venture, a real estate fund.Nate and Dan emphasized the importance of tiered pricing based on the length of the stay. They found that offering two-night stays for bookings within 10 days, three-night stays for bookings within 25 days, four-night stays for bookings within 40 days, and five-night stays for bookings beyond 60 days helped them optimize their revenue. They also mentioned allowing one-night "orphan" bookings to fill gaps in their calendar, but with increased prices to attract quality guests and avoid potential issues.When it comes to earning five-star reviews, Nate and Dan shared their proven strategies. They implemented an automated guest messaging system that sends messages at various points during the guest's stay, including a follow-up message the day after their first night. They also leveraged DoorDash and Instacart to fulfill guest requests promptly and efficiently. By actively engaging with their guests, providing exceptional service, and requesting five-star reviews, they managed to maintain a remarkable streak of 117 consecutive five-star reviews, which significantly boosted their rankings on platforms like Airbnb.Throughout the conversation, Nate and Dan highlighted the importance of educating guests on the Airbnb review system, as many guests are accustomed to the traditional hotel rating system. They explained that a five-star review signifies a good stay, while anything below that indicates a less satisfactory experience. By educating their guests and encouraging open communication, they created a positive guest-host relationship, resulting in satisfied guests and higher ratings.In terms of advice for aspiring hosts, Nate and Dan emphasized the significance of taking care of guests, actively listening to their needs, and personalizing their interactions. They also stressed the importance of creating efficient systems and processes to save time and address any recurring issues promptly. Additionally, they highlighted the value of building a strong team and fostering a sense of camaraderie among team members, recognizing their contributions, and celebrating successes together.Towards the end of the episode, Nate and Dan discussed their latest venture—a real estate fund aimed at allowing investors to passively participate in short-term rental properties. They expressed their ambition to scale their business, diversify into different property types, and continue growing their success.To learn more about Nate and Dan's short-term rental properties in Ohio, visit their website at HomeHopPM.com. If you're interested in investing in their real estate fund or have any inquiries, you can reach out to Nate at Nate.klatt@homehoppm.com. Hosted on Acast. See acast.com/privacy for more information.

Grow your short-term rental business <a href="https://www.overnightsuccess.io/" rel="noopener noreferrer nofollow" target="_blank">https://www.overnightsuccess.io/</a>Save time &amp; money with these Airbnb tools <a href="https://www.getpaidforyourpad.com/airbnb-tools" rel="noopener noreferrer nofollow" target="_blank">https://www.getpaidforyourpad.com/airbnb-tools</a>In today's episode of Get Paid for Your Pad, we had the pleasure of hosting Nate and Dan, two successful short-term rental hosts, as they shared their valuable insights and strategies for running a profitable Airbnb business. Throughout our conversation, they discussed various topics ranging from pricing strategies to maximizing five-star reviews and even touched on their upcoming venture, a real estate fund.Nate and Dan emphasized the importance of tiered pricing based on the length of the stay. They found that offering two-night stays for bookings within 10 days, three-night stays for bookings within 25 days, four-night stays for bookings within 40 days, and five-night stays for bookings beyond 60 days helped them optimize their revenue. They also mentioned allowing one-night "orphan" bookings to fill gaps in their calendar, but with increased prices to attract quality guests and avoid potential issues.When it comes to earning five-star reviews, Nate and Dan shared their proven strategies. They implemented an automated guest messaging system that sends messages at various points during the guest's stay, including a follow-up message the day after their first night. They also leveraged DoorDash and Instacart to fulfill guest requests promptly and efficiently. By actively engaging with their guests, providing exceptional service, and requesting five-star reviews, they managed to maintain a remarkable streak of 117 consecutive five-star reviews, which significantly boosted their rankings on platforms like Airbnb.Throughout the conversation, Nate and Dan highlighted the importance of educating guests on the Airbnb review system, as many guests are accustomed to the traditional hotel rating system. They explained that a five-star review signifies a good stay, while anything below that indicates a less satisfactory experience. By educating their guests and encouraging open communication, they created a positive guest-host relationship, resulting in satisfied guests and higher ratings.In terms of advice for aspiring hosts, Nate and Dan emphasized the significance of taking care of guests, actively listening to their needs, and personalizing their interactions. They also stressed the importance of creating efficient systems and processes to save time and address any recurring issues promptly. Additionally, they highlighted the value of building a strong team and fostering a sense of camaraderie among team members, recognizing their contributions, and celebrating successes together.Towards the end of the episode, Nate and Dan discussed their latest venture—a real estate fund aimed at allowing investors to passively participate in short-term rental properties. They expressed their ambition to scale their business, diversify into different property types, and continue growing their success.To learn more about Nate and Dan's short-term rental properties in Ohio, visit their website at <a href="http://HomeHopPM.com" rel="nofollow" target="_blank">HomeHopPM.com</a>. If you're interested in investing in their real estate fund or have any inquiries, you can reach out to Nate at Nate.klatt@homehoppm.com. Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer nofollow" target="_blank">acast.com/privacy</a> for more information.

From Flipping Houses to starting an Airbnb Fund 

Grow your short-term rental business: https://www.overnightsuccess.io/xIn this episode of Get Paid for Your Pad, I had the pleasure of speaking with Avery Carl, an experienced real estate investor and short-term rental expert. We discussed various topics related to financing, the current real estate market, and strategies for success in the short-term rental industry.Avery shared valuable insights about mortgage options and the impact of interest rates on real estate investments. We explored the difference between a 3% mortgage and a 6% mortgage, highlighting the significant financial implications over a 30-year time horizon. While transferring an existing mortgage to a new buyer is not straightforward, Avery mentioned that distressed sellers might consider such arrangements. She also recommended reading Pace's book, Wealth Without Cash, for more detailed information on this topic.We delved into alternative financing methods, such as management contracts and partnerships. Avery emphasized the importance of strategic partnerships, cautioning against taking on too many partners without considering long-term implications. She advised aspiring investors to focus on quality over quantity, emphasizing the need for thorough research and due diligence.As the conversation shifted to the future outlook, we discussed the impact of high interest rates, slow economic growth, rising house prices, and booking slowdowns. While Avery acknowledged her limited expertise in economics, she expressed optimism that interest rates may come down as the pressure eases, potentially leading to a resurgence in buying activity. She also highlighted the growing recognition of short-term rentals as an established asset class, recommending operators to focus on delivering a world-class guest experience and addressing potential concerns proactively.Throughout the discussion, Avery stressed the importance of clear communication and anticipating guest needs. She highlighted the value of comprehensive digital guidebooks and detailed property listings in fostering trust and positive guest experiences. Creating a top-performing short-term rental involves attention to decor, answering guest questions proactively, and providing comprehensive information.To connect with Avery Carl and explore her services, listeners can find her on all social media platforms at the Short Term Shop. Additionally, if interested in buying properties in any of the 20 markets she covers, the Short Term Shop offers free property management training. Further details and the opportunity to sign up for their live Q&amp;A sessions can be found at strquestions.com.Overall, this episode provided valuable insights into financing options, market trends, and strategies for success in the short-term rental industry. Listeners gained a deeper understanding of the current real estate landscape and valuable tips to optimize their investments. Hosted on Acast. See acast.com/privacy for more information.

Grow your short-term rental business: <a href="https://www.overnightsuccess.io/x" rel="noopener noreferrer nofollow" target="_blank">https://www.overnightsuccess.io/x</a>In this episode of Get Paid for Your Pad, I had the pleasure of speaking with Avery Carl, an experienced real estate investor and short-term rental expert. We discussed various topics related to financing, the current real estate market, and strategies for success in the short-term rental industry.Avery shared valuable insights about mortgage options and the impact of interest rates on real estate investments. We explored the difference between a 3% mortgage and a 6% mortgage, highlighting the significant financial implications over a 30-year time horizon. While transferring an existing mortgage to a new buyer is not straightforward, Avery mentioned that distressed sellers might consider such arrangements. She also recommended reading Pace's book, Wealth Without Cash, for more detailed information on this topic.We delved into alternative financing methods, such as management contracts and partnerships. Avery emphasized the importance of strategic partnerships, cautioning against taking on too many partners without considering long-term implications. She advised aspiring investors to focus on quality over quantity, emphasizing the need for thorough research and due diligence.As the conversation shifted to the future outlook, we discussed the impact of high interest rates, slow economic growth, rising house prices, and booking slowdowns. While Avery acknowledged her limited expertise in economics, she expressed optimism that interest rates may come down as the pressure eases, potentially leading to a resurgence in buying activity. She also highlighted the growing recognition of short-term rentals as an established asset class, recommending operators to focus on delivering a world-class guest experience and addressing potential concerns proactively.Throughout the discussion, Avery stressed the importance of clear communication and anticipating guest needs. She highlighted the value of comprehensive digital guidebooks and detailed property listings in fostering trust and positive guest experiences. Creating a top-performing short-term rental involves attention to decor, answering guest questions proactively, and providing comprehensive information.To connect with Avery Carl and explore her services, listeners can find her on all social media platforms at the Short Term Shop. Additionally, if interested in buying properties in any of the 20 markets she covers, the Short Term Shop offers free property management training. Further details and the opportunity to sign up for their live Q&amp;A sessions can be found at <a href="http://strquestions.com" rel="nofollow" target="_blank">strquestions.com</a>.Overall, this episode provided valuable insights into financing options, market trends, and strategies for success in the short-term rental industry. Listeners gained a deeper understanding of the current real estate landscape and valuable tips to optimize their investments. Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer nofollow" target="_blank">acast.com/privacy</a> for more information.

Does investing in short-term rentals make sense at 7% mortgage rates?

Sign-up for Wynd and get a $10 discount: https://getpaidforyourpad.com/wynd (Use coupon code PAD)During a conversation with Mark Young and Dora Du, we discussed a product called Wynd Sentry, which is a smoke and noise monitoring device specifically designed for short-term rental properties. The device helps hosts maintain a safe and pleasant environment for guests and prevents potential damages caused by smoking and excessive noise.Dora explained that Wynd Sentry was developed by the company Wynd, initially focusing on air quality monitoring. However, they observed many hosts using their general air quality monitors to address smoking issues in their rental spaces. Recognizing this need, Wynd developed the Wynd Sentry, a specialized product to address smoke detection accurately.The device utilizes a proprietary technology called AirID, which classifies different particle types to identify specific smoke sources, such as cigarettes, marijuana, or vape. This enables hosts to receive real-time alerts and provides them with evidence to resolve any smoking-related issues with guests or with Airbnb. The reporting feature generates detailed reports, which can be submitted to insurance companies in case of damages caused by smoking.Furthermore, Wynd Sentry includes noise monitoring capabilities, helping hosts address noise complaints and maintain a peaceful environment for both guests and neighbors. The device measures decibels and provides hosts with the ability to address noise issues proactively, preventing potential disputes with guests.Dora emphasized that Wynd Sentry is designed to be tamper-proof. If a guest attempts to tamper with the device, an alert is triggered, ensuring the host is aware of any tampering and can take appropriate action.If you're interested in learning more about Wynd Sentry, you can visit the Wynd website at hellowynd.com. They are offering a discount of $10 off for listeners of the podcast using the code PAD. This device can be a valuable tool for hosts to maintain a smoke-free and peaceful rental environment. Hosted on Acast. See acast.com/privacy for more information.

Sign-up for Wynd and get a $10 discount: <a href="https://getpaidforyourpad.com/wynd" rel="nofollow" target="_blank">https://getpaidforyourpad.com/wynd</a> (Use coupon code PAD)During a conversation with Mark Young and Dora Du, we discussed a product called Wynd Sentry, which is a smoke and noise monitoring device specifically designed for short-term rental properties. The device helps hosts maintain a safe and pleasant environment for guests and prevents potential damages caused by smoking and excessive noise.Dora explained that Wynd Sentry was developed by the company Wynd, initially focusing on air quality monitoring. However, they observed many hosts using their general air quality monitors to address smoking issues in their rental spaces. Recognizing this need, Wynd developed the Wynd Sentry, a specialized product to address smoke detection accurately.The device utilizes a proprietary technology called AirID, which classifies different particle types to identify specific smoke sources, such as cigarettes, marijuana, or vape. This enables hosts to receive real-time alerts and provides them with evidence to resolve any smoking-related issues with guests or with Airbnb. The reporting feature generates detailed reports, which can be submitted to insurance companies in case of damages caused by smoking.Furthermore, Wynd Sentry includes noise monitoring capabilities, helping hosts address noise complaints and maintain a peaceful environment for both guests and neighbors. The device measures decibels and provides hosts with the ability to address noise issues proactively, preventing potential disputes with guests.Dora emphasized that Wynd Sentry is designed to be tamper-proof. If a guest attempts to tamper with the device, an alert is triggered, ensuring the host is aware of any tampering and can take appropriate action.If you're interested in learning more about Wynd Sentry, you can visit the Wynd website at <a href="http://hellowynd.com" rel="nofollow" target="_blank">hellowynd.com</a>. They are offering a discount of $10 off for listeners of the podcast using the code PAD. This device can be a valuable tool for hosts to maintain a smoke-free and peaceful rental environment. Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer nofollow" target="_blank">acast.com/privacy</a> for more information.

How to prevent your guests from smoking in your Airbnbs

Sign-up for Baselane and get a $300 bonus: https://getpaidforyourpad.com/bank Hosted on Acast. See acast.com/privacy for more information.

Sign-up for Baselane and get a $300 bonus: <a href="https://getpaidforyourpad.com/bank" rel="noopener noreferrer nofollow" target="_blank">https://getpaidforyourpad.com/bank</a> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer nofollow" target="_blank">acast.com/privacy</a> for more information.

Banking and Finances for Airbnb Hosts with Baselane

Join Legends X and Get 46% off (save $2,070): https://overnightsuccess.io/xUse coupon code: 46BDAYOffer only valid until TODAY (July 5th).In this episode of "Get Paid for Your Pad," I had the pleasure of speaking with Huzefa Kapadia, the founder of Scalar Learning. Huzefa shared his incredible journey from being a lawyer to starting his own successful tutoring business.During our conversation, Huzefa Kapadia revealed his transition from the legal field to tutoring math, a passion he had always nurtured. I found his story particularly inspiring as he explained how he embarked on a path of self-reflection and exploration. Huzefa immersed himself in books about finding the perfect job fit and sought advice from mentors, including myself. It was gratifying to see that I could provide guidance to someone on such a transformative journey.Huzefa Kapadia's decision to leave the security of his law career and dive into the world of education was commendable. Starting from scratch, he ventured into online tutoring, leveraging platforms like Wyzant to establish himself as a reputable math tutor. Attracting clients with competitive prices and earning positive reviews, Huzefa gradually increased his rates and expanded his network through personal connections in local schools.While tutoring formed the core of his business, Huzefa Kapadia recognized the power of social media. I was fascinated to learn that he took the leap and started his own YouTube channel, where he shared math tutorials and engaging content. The channel became a significant lead generator, attracting clients from around the globe and showcasing Huzefa's expertise. Today, his channel boasts an impressive subscriber count of over 70,000, a testament to the value he brings to his students.Huzefa Kapadia's dedication and passion have transformed Scalar Learning into a team of eight experienced tutors, catering to a diverse range of students. He devotes 50 to 60 hours per week to tutoring during the school year, in addition to managing administrative tasks and creating content for his YouTube channel. I was also impressed to hear about his collaboration with OpenStacks, a nonprofit organization run by Rice University, where Huzefa Kapadia contributes to educational initiatives and projects.During our conversation, Huzefa Kapadia mentioned a couple of key contacts and resources that were instrumental in his journey:Wyzant: The online platform where Huzefa Kapadia initially established his reputation as a math tutor, connecting with students and showcasing his expertise.OpenStacks: A nonprofit organization that Huzefa Kapadia collaborates with on creating math explanation videos, allowing him to contribute to meaningful educational initiatives.Huzefa Kapadia's story is a testament to the power of pursuing one's passion and aligning work with personal strengths. It serves as an inspiration to aspiring entrepreneurs and educators who strive to make a positive impact in the field of education.Overall, speaking with Huzefa Kapadia was a remarkable experience, and I'm grateful to have had the opportunity to share his journey with the listeners of "Get Paid for Your Pad." Hosted on Acast. See acast.com/privacy for more information.

Join Legends X and Get 46% off (save $2,070): <a href="https://www.youtube.com/redirect?event=video_description&amp;redir_token=QUFFLUhqa3dyVDVsOWl3SkRqMFJRVkZHeWpUUmpMaUExUXxBQ3Jtc0trNEQ1R2U4UGpQaFNwQVlFZDhiTGZOcmdMcWt5Yi1NOTh3MnJFS1pKMVR0dXVGaG11dnB1WDB3bC03c18wcW5DRmw4TXBHS3ZoRFUxcC1ma3pFVjJMRHRPbVNlZTAyY2pPOHBEODRsQzFqY29XRkd5NA&amp;q=https%3A%2F%2Fovernightsuccess.io%2Fx&amp;v=dXMGm0DT5qA" rel="noopener noreferrer nofollow" target="_blank">https://overnightsuccess.io/x</a>Use coupon code: 46BDAYOffer only valid until TODAY (July 5th).In this episode of "Get Paid for Your Pad," I had the pleasure of speaking with Huzefa Kapadia, the founder of Scalar Learning. Huzefa shared his incredible journey from being a lawyer to starting his own successful tutoring business.During our conversation, Huzefa Kapadia revealed his transition from the legal field to tutoring math, a passion he had always nurtured. I found his story particularly inspiring as he explained how he embarked on a path of self-reflection and exploration. Huzefa immersed himself in books about finding the perfect job fit and sought advice from mentors, including myself. It was gratifying to see that I could provide guidance to someone on such a transformative journey.Huzefa Kapadia's decision to leave the security of his law career and dive into the world of education was commendable. Starting from scratch, he ventured into online tutoring, leveraging platforms like Wyzant to establish himself as a reputable math tutor. Attracting clients with competitive prices and earning positive reviews, Huzefa gradually increased his rates and expanded his network through personal connections in local schools.While tutoring formed the core of his business, Huzefa Kapadia recognized the power of social media. I was fascinated to learn that he took the leap and started his own YouTube channel, where he shared math tutorials and engaging content. The channel became a significant lead generator, attracting clients from around the globe and showcasing Huzefa's expertise. Today, his channel boasts an impressive subscriber count of over 70,000, a testament to the value he brings to his students.Huzefa Kapadia's dedication and passion have transformed Scalar Learning into a team of eight experienced tutors, catering to a diverse range of students. He devotes 50 to 60 hours per week to tutoring during the school year, in addition to managing administrative tasks and creating content for his YouTube channel. I was also impressed to hear about his collaboration with OpenStacks, a nonprofit organization run by Rice University, where Huzefa Kapadia contributes to educational initiatives and projects.During our conversation, Huzefa Kapadia mentioned a couple of key contacts and resources that were instrumental in his journey:<ul><li>Wyzant: The online platform where Huzefa Kapadia initially established his reputation as a math tutor, connecting with students and showcasing his expertise.</li><li>OpenStacks: A nonprofit organization that Huzefa Kapadia collaborates with on creating math explanation videos, allowing him to contribute to meaningful educational initiatives.</li></ul> Huzefa Kapadia's story is a testament to the power of pursuing one's passion and aligning work with personal strengths. It serves as an inspiration to aspiring entrepreneurs and educators who strive to make a positive impact in the field of education.Overall, speaking with Huzefa Kapadia was a remarkable experience, and I'm grateful to have had the opportunity to share his journey with the listeners of "Get Paid for Your Pad." Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer nofollow" target="_blank">acast.com/privacy</a> for more information.

Learning lessons from 10 years of entrepreneurship

Lukas Krause

Grow your short-term rental business: https://www.overnightsuccess.io/xSave time &amp; money with these Airbnb tools: https://www.getpaidforyourpad.com/airbnb-toolsIn today's episode, I had the opportunity to chat with Lukas about the ins and outs of scaling a business in the short-term rental industry. One of the major topics we delved into was the significance of hiring the right people as you grow your business. Lukas stressed the importance of having a clear understanding of the role and its objectives, as well as utilizing tools like personality profiles and aptitude tests to ensure a strong fit.Lukas shared valuable insights on the hiring process, emphasizing the need for thoroughness and intentionality. He highlighted the importance of investing time and effort into multiple interviews and assessments to get a comprehensive understanding of potential candidates. Lukas believes that hiring is one of the most critical aspects of building a successful team and encourages fellow entrepreneurs to dedicate ample time to this process.We also discussed the challenges that arise when entrepreneurs face the dilemma of letting go of control. Lukas empathized with the common sentiment of being a perfectionist and feeling hesitant to delegate tasks for fear of mistakes. He encouraged entrepreneurs to recognize their own strengths and weaknesses, hire individuals who complement their skills, and establish effective checks and balances to ensure quality control.Lukas emphasized that the transition from being an individual contributor to a manager and leader requires personal growth and professional development. Another significant aspect we touched upon was the necessity of revenue management in the short-term rental industry. Lukas admitted that he initially underestimated its importance but soon realized its impact on maximizing profits.He stressed the value of utilizing data-driven tools and strategies to set optimal prices, even if they may seem higher than initially anticipated. Lukas shared that this shift in mindset regarding revenue management was one of his biggest learning lessons in the industry.Towards the end of our conversation, Lukas discussed the growth trajectory of Skyrun Vacation Rentals, a franchise company he works with. While Lukas didn't provide a specific unit target, he emphasized the importance of quality over quantity and finding the right franchisees and homeowners who align with their model.If you'd like to learn more about Skyrun Vacation Rentals, you can visit their website at skyrun.com for information about their locations, properties, and franchise opportunities.Overall, my conversation with Lukas shed light on the challenges and opportunities that come with scaling a short-term rental business. From hiring the right team members to embracing revenue management and fostering personal growth, Lukas provided valuable insights for entrepreneurs looking to succeed in the industry. Hosted on Acast. See acast.com/privacy for more information.

Grow your short-term rental business: <a href="https://www.overnightsuccess.io/x" rel="noopener noreferrer nofollow" target="_blank">https://www.overnightsuccess.io/x</a>Save time &amp; money with these Airbnb tools: <a href="https://www.getpaidforyourpad.com/airbnb-tools" rel="noopener noreferrer nofollow" target="_blank">https://www.getpaidforyourpad.com/airbnb-tools</a>In today's episode, I had the opportunity to chat with Lukas about the ins and outs of scaling a business in the short-term rental industry. One of the major topics we delved into was the significance of hiring the right people as you grow your business. Lukas stressed the importance of having a clear understanding of the role and its objectives, as well as utilizing tools like personality profiles and aptitude tests to ensure a strong fit.Lukas shared valuable insights on the hiring process, emphasizing the need for thoroughness and intentionality. He highlighted the importance of investing time and effort into multiple interviews and assessments to get a comprehensive understanding of potential candidates. Lukas believes that hiring is one of the most critical aspects of building a successful team and encourages fellow entrepreneurs to dedicate ample time to this process.We also discussed the challenges that arise when entrepreneurs face the dilemma of letting go of control. Lukas empathized with the common sentiment of being a perfectionist and feeling hesitant to delegate tasks for fear of mistakes. He encouraged entrepreneurs to recognize their own strengths and weaknesses, hire individuals who complement their skills, and establish effective checks and balances to ensure quality control.Lukas emphasized that the transition from being an individual contributor to a manager and leader requires personal growth and professional development. Another significant aspect we touched upon was the necessity of revenue management in the short-term rental industry. Lukas admitted that he initially underestimated its importance but soon realized its impact on maximizing profits.He stressed the value of utilizing data-driven tools and strategies to set optimal prices, even if they may seem higher than initially anticipated. Lukas shared that this shift in mindset regarding revenue management was one of his biggest learning lessons in the industry.Towards the end of our conversation, Lukas discussed the growth trajectory of Skyrun Vacation Rentals, a franchise company he works with. While Lukas didn't provide a specific unit target, he emphasized the importance of quality over quantity and finding the right franchisees and homeowners who align with their model.If you'd like to learn more about Skyrun Vacation Rentals, you can visit their website at <a href="http://skyrun.com" rel="nofollow" target="_blank">skyrun.com</a> for information about their locations, properties, and franchise opportunities.Overall, my conversation with Lukas shed light on the challenges and opportunities that come with scaling a short-term rental business. From hiring the right team members to embracing revenue management and fostering personal growth, Lukas provided valuable insights for entrepreneurs looking to succeed in the industry. Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer nofollow" target="_blank">acast.com/privacy</a> for more information.

How to scale to 1000+ units with Skyrun CEO Lukas Krause

Grow your short-term rental business https://www.overnightsuccess.io/Save time &amp; money with these Airbnb tools  https://www.getpaidforyourpad.com/airbnb-toolsIn today's episode, I had the pleasure of interviewing Federico Zimerman and Mike Brown, the founders of Pit Stop Home Services. During our conversation, we delved into the crucial topic of safety and maintenance in short-term rentals. Federico and Mike shared their insights and expertise on the various measures that hosts can take to ensure the safety of their guests and properties.We discussed the importance of having proper safety equipment in place, such as smoke alarms and carbon monoxide detectors, and the significance of regularly testing and maintaining them. Mike emphasized the need for audible alarms that can be heard throughout the property to alert guests in case of emergencies.Furthermore, we explored the preventive maintenance aspects of managing short-term rentals. Mike highlighted the significance of checking and tightening furniture regularly, as loose screws and bolts can compromise the safety of guests. He also cautioned against using cheap and unreliable outdoor furniture, as they tend to deteriorate quickly and can pose a risk to unsuspecting users.Federico chimed in with additional safety measures, such as having emergency contact information readily available for guests and displaying the property address prominently. We also touched on the subject of warning signs and striking the right balance between providing necessary information and overwhelming guests with an excess of signs.Throughout the interview, Federico and Mike introduced their service, Pit Stop Home Services, which offers safety and maintenance inspections for short-term rental properties. They outlined the different tiers of inspections available and highlighted the benefits of their subscription-based service for ongoing maintenance.In conclusion, my conversation with Federico Zimerman and Mike Brown shed light on the crucial aspects of safety and maintenance in the short-term rental industry. Their expertise and dedication to providing quality service through Pit Stop Home Services offer hosts the opportunity to enhance the safety of their properties and provide an exceptional experience for their guests. To learn more about their services, you can visit their website at pitstophomeservices.com. Hosted on Acast. See acast.com/privacy for more information.

Grow your short-term rental business <a href="https://www.overnightsuccess.io/" rel="noopener noreferrer nofollow" target="_blank">https://www.overnightsuccess.io/</a>Save time &amp; money with these Airbnb tools  <a href="https://www.getpaidforyourpad.com/airbnb-tools" rel="noopener noreferrer nofollow" target="_blank">https://www.getpaidforyourpad.com/airbnb-tools</a> In today's episode, I had the pleasure of interviewing Federico Zimerman and Mike Brown, the founders of Pit Stop Home Services. During our conversation, we delved into the crucial topic of safety and maintenance in short-term rentals. Federico and Mike shared their insights and expertise on the various measures that hosts can take to ensure the safety of their guests and properties.We discussed the importance of having proper safety equipment in place, such as smoke alarms and carbon monoxide detectors, and the significance of regularly testing and maintaining them. Mike emphasized the need for audible alarms that can be heard throughout the property to alert guests in case of emergencies.Furthermore, we explored the preventive maintenance aspects of managing short-term rentals. Mike highlighted the significance of checking and tightening furniture regularly, as loose screws and bolts can compromise the safety of guests. He also cautioned against using cheap and unreliable outdoor furniture, as they tend to deteriorate quickly and can pose a risk to unsuspecting users.Federico chimed in with additional safety measures, such as having emergency contact information readily available for guests and displaying the property address prominently. We also touched on the subject of warning signs and striking the right balance between providing necessary information and overwhelming guests with an excess of signs.Throughout the interview, Federico and Mike introduced their service, Pit Stop Home Services, which offers safety and maintenance inspections for short-term rental properties. They outlined the different tiers of inspections available and highlighted the benefits of their subscription-based service for ongoing maintenance.In conclusion, my conversation with Federico Zimerman and Mike Brown shed light on the crucial aspects of safety and maintenance in the short-term rental industry. Their expertise and dedication to providing quality service through Pit Stop Home Services offer hosts the opportunity to enhance the safety of their properties and provide an exceptional experience for their guests. To learn more about their services, you can visit their website at <a href="https://pitstophomeservices.com/" rel="noopener noreferrer nofollow" target="_blank">pitstophomeservices.com.</a> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer nofollow" target="_blank">acast.com/privacy</a> for more information.

How to keep your Airbnb's safe and avoid guest accidents 

Get Paid For Your Pad is the definitive show on Airbnb hosting, packed with tips &amp; tricks on how to improve your Airbnb listing as well as real life experiences from Airbnb hosts from all around the world. Hosted on Acast. See acast.com/privacy for more information.

I look forward to this podcast every week. I wouldn’t know half of the things I know about the STR industry if it wasn’t for Jasper and this podcast.

Love the podcast

Guests are good and generally pretty knowledgable. Host is positive and lets the guest speak. Topics are good but could add more specific content in interviews. Ask guests about their role models, mentors, favorite business/investing books, worst and best experience, etc. to give guests more dimension and depth and to share resources with audience. Intro music is really cringy and too long and overused. Please stop that.

Pretty Good

Get Paid For Your Pad is the definitive show on Airbnb hosting, packed with tips &amp; tricks on how to improve your Airbnb listing as well as real life experiences from Airbnb hosts from all around the world. Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer nofollow" target="_blank">acast.com/privacy</a> for more information.

Get Paid For Your Pad | Airbnb Hosting | Vacation Rentals | Apartment Sharing

In this episode Jasper is a guest on his own show as Huzefa interviews him about his Airbnb story. We talk about how he quit his […] Hosted on Acast. See acast.com/privacy for more information.

In this episode Jasper is a guest on his own show as Huzefa interviews him about his Airbnb story. We talk about how he quit his […] Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer nofollow" target="_blank">acast.com/privacy</a> for more information.

EP017: Jasper’s Story, from Quitting His job to Renting Out on Airbnb

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 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 <a href="https://www.facebook.com/getpaidforyourpad/videos/1888517521208379/" rel="nofollow" target="_blank">here</a>. 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. <h2> </h2><h2>Airbnb friendly regulations in Switzerland</h2>The 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.<h2> </h2><h2>Airbnb cancels co-host split payment option</h2>An 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. <h2> </h2><h2>New York city councilmen getting paid by hotel industry</h2>According 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. <h2> </h2><h2>Peek raised USD 23 million</h2>Airbnb’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? <h2> </h2><h2>Airbnb goes public before 2020, ready by June 2019</h2>CEO 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. <h2> </h2><h2>Classic car rental available through “Book a classic”</h2>Airbnb’s high-end property rental arm, Luxury Retreats, has partnered with <a href="https://www.bookaclassic.com/" rel="nofollow" target="_blank">BookAClassic</a>, 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 <a href="https://acast.com/privacy" rel="noopener noreferrer nofollow" target="_blank">acast.com/privacy</a> for more information.

Airbnb News Updates and Q&A

Glenn Cooley

In this episode we have a very special guest, Glenn Cooley. Glenn is the founder of one of the biggest and most active Airbnb Groups, the […] Hosted on Acast. See acast.com/privacy for more information.

In this episode we have a very special guest, Glenn Cooley. Glenn is the founder of one of the biggest and most active Airbnb Groups, the […] Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer nofollow" target="_blank">acast.com/privacy</a> for more information.

EP003 – Interview w/ Glenn Cooley, founder of the New Host Forum

Sean D’Souza

Sean D’Souza is the founder of PsychoTactics – why customers buy (and why they don’t). Psychotactics is a thought system that’s based on thousands of years […] Hosted on Acast. See acast.com/privacy for more information.

Sean D’Souza is the founder of PsychoTactics – why customers buy (and why they don’t). Psychotactics is a thought system that’s based on thousands of years […] Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer nofollow" target="_blank">acast.com/privacy</a> for more information.

EP073: How to Get More Airbnb Bookings with Sean D’Souza

Kyle Gesuelli

Kyle Gesuelli is an Airbnb host in New Jersey who rents out his flat when he’s out of town. Ironically, he found out about Airbnb through […] Hosted on Acast. See acast.com/privacy for more information.

Kyle Gesuelli is an Airbnb host in New Jersey who rents out his flat when he’s out of town. Ironically, he found out about Airbnb through […] Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer nofollow" target="_blank">acast.com/privacy</a> for more information.

EP067: Airbnb Cleaning Service Tips w/ Kyle Gesuelli From Handy

Derek Davis

Derek Davis is a CPA who specializes in tax advice for shared economy participants. He decided to focus on this after speaking to an Uber driver […] Hosted on Acast. See acast.com/privacy for more information.

Derek Davis is a CPA who specializes in tax advice for shared economy participants. He decided to focus on this after speaking to an Uber driver […] Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer nofollow" target="_blank">acast.com/privacy</a> for more information.

EP062: Tax Advice for Airbnb Hosts in the US with Derek Davis

In this episode Jasper shares the main mistakes that he found reviewing over 65 Airbnb listings through his Airbnb Listing Check service on Fiverr. The mistakes […] Hosted on Acast. See acast.com/privacy for more information.

In this episode Jasper shares the main mistakes that he found reviewing over 65 Airbnb listings through his Airbnb Listing Check service on Fiverr. The mistakes […] Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer nofollow" target="_blank">acast.com/privacy</a> for more information.

EP087: Most Common Mistakes That Airbnb Hosts Make

Jasper talks with Peter, the host of Clyde River Cottage in southern Australia. With a background in the hospitality business, Peter is well-versed in providing guests with a quality experience and marketing to travelers both directly and through third-party platforms.Peter shares the advantages of diversifying your Airbnb business and discusses how he uses the Triple Wow Factor to procure five-star reviews. Listen and learn when it’s beneficial to post your listing on multiple platforms – or perhaps even create your own website!Topics CoveredHow Airbnb clients differ from other travelers•Airbnb guests are buying an experience•Most are looking to be a part of a communityThe benefits of sticking with a single platform•Allows you to build a strong reputation•Keeps things simple (no chance of double-booking)The disadvantages of using just one platform•Miss out on demand provided by other marketplaces•Can be risky to put all your eggs in one basketWhy Peter utilizes multiple platforms•Airbnb alone doesn’t provide enough demand to reach full occupancy in smaller markets•Clients who don’t trust Airbnb still have access to his listing•A Google search for accommodations in his area will pop three different results that lead to his listingThe advantages of having your own website•Opportunities for promotion (i.e.: YouTube video links, blog, newsletter for past guests)•Clients who prefer to deal directly with a host have access to your listingHow to prevent/manage double-bookings•Immediately remove your listing from other platforms when you receive a booking•Make connections with other Airbnb hosts in your area and offer referrals to guests who were double-booked, waiving the price difference•Avoid cancellations on Airbnb; you will lose your Superhost statusPeter’s secret to five-star reviews, the Triple Wow Factor1.Clean, comfortable accommodations2.Recommendations for local experiences (coffee shops, restaurants, etc.)3.Welcoming, available hostsConnect with Peterclyderivercottage.com.au Resources Mentionedstayz.com.auPeter’s Prawning Video Connect 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.

Jasper talks with Peter, the host of Clyde River Cottage in southern Australia. With a background in the hospitality business, Peter is well-versed in providing guests with a quality experience and marketing to travelers both directly and through third-party platforms. Peter shares the advantages of diversifying your Airbnb business and discusses how he uses the Triple Wow Factor to procure five-star reviews. Listen and learn when it’s beneficial to post your listing on multiple platforms – or perhaps even create your own website! Topics Covered How Airbnb clients differ from other travelers •Airbnb guests are buying an experience •Most are looking to be a part of a community The benefits of sticking with a single platform •Allows you to build a strong reputation •Keeps things simple (no chance of double-booking) The disadvantages of using just one platform •Miss out on demand provided by other marketplaces •Can be risky to put all your eggs in one basket Why Peter utilizes multiple platforms •Airbnb alone doesn’t provide enough demand to reach full occupancy in smaller markets •Clients who don’t trust Airbnb still have access to his listing •A Google search for accommodations in his area will pop three different results that lead to his listing The advantages of having your own website •Opportunities for promotion (i.e.: YouTube video links, blog, newsletter for past guests) •Clients who prefer to deal directly with a host have access to your listing How to prevent/manage double-bookings •Immediately remove your listing from other platforms when you receive a booking •Make connections with other Airbnb hosts in your area and offer referrals to guests who were double-booked, waiving the price difference •Avoid cancellations on Airbnb; you will lose your Superhost status Peter’s secret to five-star reviews, the Triple Wow Factor 1.Clean, comfortable accommodations 2.Recommendations for local experiences (coffee shops, restaurants, etc.) 3.Welcoming, available hosts Connect with Peter <a href="http://clyderivercottage.com.au" rel="nofollow" target="_blank">clyderivercottage.com.au</a> Resources Mentioned <a href="http://stayz.com.au" rel="nofollow" target="_blank">stayz.com.au</a> Peter’s Prawning Video Connect with Jasper Email: jasper@getpaidforyourpad.com Twitter: @GetPaidForUrPad Instagram: @GetPaidForYourPad Facebook: <a href="http://www.facebook.com/getpaidforyourpad" rel="nofollow" target="_blank">www.facebook.com/getpaidforyourpad</a> This episode is sponsored by <a href="http://Hostfully.com" rel="nofollow" target="_blank">Hostfully.com</a> where you can create a custom digital guidebook for your guests! Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer nofollow" target="_blank">acast.com/privacy</a> for more information.

EP129: The Importance of Diversifying Your Airbnb Business

Whether you’re just getting started as an Airbnb host, or you’re looking to upgrade your status and pick up a few more five-star reviews, the Laptop Landlord is here to share some killer advice that will help you find the right guests for your property and provide high quality customer service during their stay.Tyler Knutzen is an Airbnb host in Chicago who runs the Laptop Landlord website. He utilized Airbnb for the first time in 2012 as a grad student in Eugene, Oregon, during the US Olympic Trials. He realized that local hotels were overloaded, and living only seven minutes from campus made his place prime real estate. Looking to make extra money, he and his fiancé listed their home on Airbnb and hosted two sets of guests during the course of the event.After a move to Chicago, Tyler forgot about Airbnb until he started looking for a side hustle to help pay off his student loans. He tried several other things before remembering just how easy it had been to set up a listing on Airbnb. Now he sets availability whenever he is going out of town, and his guests receive the benefit of his customer service background via clear communication. Today Tyler shares his best advice for Airbnb hosts, explaining how to identify your niche and why overcommunication is key in receiving five-star reviews.Topics CoveredHow a background in customer service helped Tyler as an Airbnb host•Quality communication with guests led to positive reviews early onTyler’s ‘opportunistic’ approach to Airbnb availability•Set availability when you already plan on being gone•Could also set availability for weekends, and do a free ‘staycation’ if listing is bookedWhy Tyler created the Laptop Landlord website•Compiled Airbnb hosting resources•Wanted to share info, help other hosts plug into Airbnb ecosystemTyler’s 4 best tips for Airbnb hosts•Figure out who you are as a host, and create a listing that attracts the right guests•Take time to set up your listing correctly with a specific headline and photo captions•Be proactive with customer service and overcommunicate before, during and after the stay•Perform hosting duties yourself before you delegate, outsource or automateConnect with Tylerlaptoplandlord.comConnect 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.

Whether you’re just getting started as an Airbnb host, or you’re looking to upgrade your status and pick up a few more five-star reviews, the Laptop Landlord is here to share some killer advice that will help you find the right guests for your property and provide high quality customer service during their stay. Tyler Knutzen is an Airbnb host in Chicago who runs the Laptop Landlord website. He utilized Airbnb for the first time in 2012 as a grad student in Eugene, Oregon, during the US Olympic Trials. He realized that local hotels were overloaded, and living only seven minutes from campus made his place prime real estate. Looking to make extra money, he and his fiancé listed their home on Airbnb and hosted two sets of guests during the course of the event. After a move to Chicago, Tyler forgot about Airbnb until he started looking for a side hustle to help pay off his student loans. He tried several other things before remembering just how easy it had been to set up a listing on Airbnb. Now he sets availability whenever he is going out of town, and his guests receive the benefit of his customer service background via clear communication. Today Tyler shares his best advice for Airbnb hosts, explaining how to identify your niche and why overcommunication is key in receiving five-star reviews. Topics Covered How a background in customer service helped Tyler as an Airbnb host •Quality communication with guests led to positive reviews early on Tyler’s ‘opportunistic’ approach to Airbnb availability •Set availability when you already plan on being gone •Could also set availability for weekends, and do a free ‘staycation’ if listing is booked Why Tyler created the Laptop Landlord website •Compiled Airbnb hosting resources •Wanted to share info, help other hosts plug into Airbnb ecosystem Tyler’s 4 best tips for Airbnb hosts •Figure out who you are as a host, and create a listing that attracts the right guests •Take time to set up your listing correctly with a specific headline and photo captions •Be proactive with customer service and overcommunicate before, during and after the stay •Perform hosting duties yourself before you delegate, outsource or automate Connect with Tyler <a href="http://laptoplandlord.com" rel="nofollow" target="_blank">laptoplandlord.com</a> Connect with Jasper Email: jasper@getpaidforyourpad.com Twitter: @GetPaidForUrPad Instagram: @GetPaidForYourPad Facebook: <a href="http://www.facebook.com/getpaidforyourpad" rel="nofollow" target="_blank">www.facebook.com/getpaidforyourpad</a> This episode is sponsored by <a href="http://Hostfully.com" rel="nofollow" target="_blank">Hostfully.com</a> where you can create a custom digital guidebook for your guests! Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer nofollow" target="_blank">acast.com/privacy</a> for more information.

EP149: Airbnb Hosting Tips From The Laptop Landlord

As Airbnb gets more and more competitive, hosts need to stand out from the crowd. And having an attractive interior design with a few stand-out pieces […] Hosted on Acast. See acast.com/privacy for more information.

As Airbnb gets more and more competitive, hosts need to stand out from the crowd. And having an attractive interior design with a few stand-out pieces […] Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer nofollow" target="_blank">acast.com/privacy</a> for more information.

EP225: Interior Design Tips for Airbnb Hosts

So you’ve invested in a property, finished the remodel, and now you are ready for tenants. Would it be more lucrative to pursue a long-term rental agreement? Or could you generate more revenue by listing the space on Airbnb?Ande Burchfield is an attorney with Burchfield Law, PLLC, serving businesses, non-profits, and real estate investors. Ande has an extensive real estate portfolio of her own, and she was already managing several long-term rental properties when she joined Airbnb in 2012. The vacation rental market in Oklahoma City proved profitable, and she has since expanded her short-term rental business to include three properties in the area. Ande is prepared to explain the formula she uses to determine whether a property is a good candidate for Airbnb, or would serve her better as a long-term rental. She also explains how to evaluate the demand for short-term rentals in your area, as well as the expenses associated with Airbnb that will affect your decision to rent to either travelers or lessees.Topics CoveredThe evolution of Ande’s Airbnb business•Established long-term rental portfolio•Wanted to try Airbnb as experiment•Managed herself first nine months•Created systems, added cleaning staff•Eventually hired property manager•Added two listings•Airbnb now self-sustaining businessAnde’s first Airbnb listing•Duplex on golf course•Remodeled inside•One of better homes in neighborhoodThe Airbnb lessons Ande learned early on•Cater to guest standards (not your own)•Provide blackout curtains for jetlagged guestsHow to determine if demand exists for Airbnb in your town•Hotels point to a need for accommodations•Won’t know until you try•Consider listing on multiple platforms (easy to sync calendars)How to decide whether to offer long-term rental or list property on Airbnb•Compare Airbnb net profit to long-term rental gross revenue potential on traditional one-year lease•Calculate net profit by subtracting Airbnb expenses (mowing, utilities, Wi-Fi, cleaning, management, consumables, wear-and-tear of furnishings, general maintenance) from gross•Consider the neighborhood and tourist presence•Remember that real estate is underlying assetAirbnb’s push to pay cleaners $15/hour•Big cut into profit margin for Airbnb’s in certain areas•Ande pays fixed amount per jobConnect with AndeConnect on LinkedInburchfieldlegal.comResourcesRich Dad’s CASHFLOW Quadrant: Rich Dad’s Guide to Financial Freedom by Robert T. KiyosakiRich Dad Poor Dad: What the Rich Teach their Kids About Money – That the Poor and Middle Class Do Not!  by Robert T. KiyosakiCASHFLOW Game AppHomeAwayExpediaBooking.comTripAdvisorVRBOAirDNAgetproperly.com/enConnect 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.

So you’ve invested in a property, finished the remodel, and now you are ready for tenants. Would it be more lucrative to pursue a long-term rental agreement? Or could you generate more revenue by listing the space on Airbnb? Ande Burchfield is an attorney with Burchfield Law, PLLC, serving businesses, non-profits, and real estate investors. Ande has an extensive real estate portfolio of her own, and she was already managing several long-term rental properties when she joined Airbnb in 2012. The vacation rental market in Oklahoma City proved profitable, and she has since expanded her short-term rental business to include three properties in the area. Ande is prepared to explain the formula she uses to determine whether a property is a good candidate for Airbnb, or would serve her better as a long-term rental. She also explains how to evaluate the demand for short-term rentals in your area, as well as the expenses associated with Airbnb that will affect your decision to rent to either travelers or lessees. Topics Covered The evolution of Ande’s Airbnb business •Established long-term rental portfolio •Wanted to try Airbnb as experiment •Managed herself first nine months •Created systems, added cleaning staff •Eventually hired property manager •Added two listings •Airbnb now self-sustaining business Ande’s first Airbnb listing •Duplex on golf course •Remodeled inside •One of better homes in neighborhood The Airbnb lessons Ande learned early on •Cater to guest standards (not your own) •Provide blackout curtains for jetlagged guests How to determine if demand exists for Airbnb in your town •Hotels point to a need for accommodations •Won’t know until you try •Consider listing on multiple platforms (easy to sync calendars) How to decide whether to offer long-term rental or list property on Airbnb •Compare Airbnb net profit to long-term rental gross revenue potential on traditional one-year lease •Calculate net profit by subtracting Airbnb expenses (mowing, utilities, Wi-Fi, cleaning, management, consumables, wear-and-tear of furnishings, general maintenance) from gross •Consider the neighborhood and tourist presence •Remember that real estate is underlying asset Airbnb’s push to pay cleaners $15/hour •Big cut into profit margin for Airbnb’s in certain areas •Ande pays fixed amount per job Connect with Ande Connect on LinkedIn <a href="http://burchfieldlegal.com" rel="nofollow" target="_blank">burchfieldlegal.com</a> Resources Rich Dad’s CASHFLOW Quadrant: Rich Dad’s Guide to Financial Freedom by Robert T. Kiyosaki Rich Dad Poor Dad: What the Rich Teach their Kids About Money – That the Poor and Middle Class Do Not! by Robert T. Kiyosaki CASHFLOW Game App HomeAway Expedia <a href="http://Booking.com" rel="nofollow" target="_blank">Booking.com</a> TripAdvisor VRBO AirDNA <a href="http://getproperly.com/en" rel="nofollow" target="_blank">getproperly.com/en</a> Connect with Jasper Email: jasper@getpaidforyourpad.com Twitter: @GetPaidForUrPad Instagram: @GetPaidForYourPad Facebook: <a href="http://www.facebook.com/getpaidforyourpad" rel="nofollow" target="_blank">www.facebook.com/getpaidforyourpad</a> This episode is sponsored by <a href="http://Hostfully.com" rel="nofollow" target="_blank">Hostfully.com</a> where you can create a custom digital guidebook for your guests! Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer nofollow" target="_blank">acast.com/privacy</a> for more information.

EP171: Long-Term Rental vs. Airbnb

It's that time of the year again, the deadline for filing US taxes is April 15th. Reason enough to invite Miguel Centeno on the show to explain what Airbnb hosts need to know when filing their taxes and how they can avoid paying the IRS too much of course.In addition to taxes, we also talk about investment insights that Miguel has gained over the years by filing the taxes of thousands of Airbnb hosts all over the US. One observation he has made is that a lot of his rural clients are outperforming those located in the big (sub)urban areas such as New York and Los Angeles.Miguel has also personally joined the Airbnb tribe as he has invested in a beach front property in Baja California. We discuss the purchase process, the approach to renovating the property and the performance that Miguel is expecting.Last but not least, Miguel is offering listeners a $50 discount on tax filings. Go to https://sharedeconomycpa.com/gpfyp/to take advantage of this offer or simply mention that you've listened to this podcast. Connect with MiguelEmail: miguel@sharedeconomycpa.comWebsite: https://sharedeconomycpa.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.

It's that time of the year again, the deadline for filing US taxes is April 15th. Reason enough to invite Miguel Centeno on the show to explain what Airbnb hosts need to know when filing their taxes and how they can avoid paying the IRS too much of course.In addition to taxes, we also talk about investment insights that Miguel has gained over the years by filing the taxes of thousands of Airbnb hosts all over the US. One observation he has made is that a lot of his rural clients are outperforming those located in the big (sub)urban areas such as New York and Los Angeles.Miguel has also personally joined the Airbnb tribe as he has invested in a beach front property in Baja California. We discuss the purchase process, the approach to renovating the property and the performance that Miguel is expecting.Last but not least, Miguel is offering listeners a $50 discount on tax filings. Go to <a href="https://sharedeconomycpa.com/gpfyp/" rel="nofollow" target="_blank">https://sharedeconomycpa.com/gpfyp/</a>to take advantage of this offer or simply mention that you've listened to this podcast.  <h3>Connect with Miguel</h3>Email: miguel@sharedeconomycpa.comWebsite: <a href="https://sharedeconomycpa.com/" rel="nofollow" target="_blank">https://sharedeconomycpa.com</a> <h3>Connect with Jasper</h3>Email: jasper@getpaidforyourpad.comTwitter: <a href="https://twitter.com/getpaidforurpad" rel="nofollow" target="_blank">@GetPaidForUrPad</a>Instagram: <a href="https://www.instagram.com/getpaidforyourpad/" rel="nofollow" target="_blank">@GetPaidForYourPad </a>Facebook: <a href="https://www.facebook.com/getpaidforyourpad/" rel="nofollow" target="_blank">www.facebook.com/getpaidforyourpad</a><a href="https://www.facebook.com/groups/airbnbnews/?ref=bookmarks" rel="nofollow" target="_blank">Airbnb News Facebook Group</a> <h2>To subscribe to the podcast, please use the links below</h2><a href="https://itunes.apple.com/nl/podcast/get-paid-for-your-pad-airbnb/id901194206?l=en&amp;mt=2" rel="nofollow" target="_blank">Click Here to Subscribe via iTunes</a><a href="http://app.stitcher.com/browse/feed/51808/details" rel="nofollow" target="_blank">Click here to Subscribe via Stitcher (Android users)</a>If you like the show, please consider <a href="https://itunes.apple.com/nl/podcast/get-paid-for-your-pad-airbnb/id901194206?l=en&amp;mt=2" rel="nofollow" target="_blank">leaving the show a review in iTunes</a>or <a href="http://www.stitcher.com/podcast/jasper-ribbers/get-paid-for-your-pad" rel="nofollow" target="_blank">Stitcher</a>. A couple minutes of your time can help the show immensely! Thanks! Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer nofollow" target="_blank">acast.com/privacy</a> for more information.

Airbnb Taxes 2019 Explained

Sally Miller decided to become a stay at home mom after 18 years in the corporate world. Soon enough she started to miss having her own […] Hosted on Acast. See acast.com/privacy for more information.

Sally Miller decided to become a stay at home mom after 18 years in the corporate world. Soon enough she started to miss having her own […] Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer nofollow" target="_blank">acast.com/privacy</a> for more information.

EP079: Stay at Home Mom Makes $2500 a Month With Airbnb

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.

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 Covered What 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, gas The 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 stay The 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 increased The 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 expenses Tricks 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 work Toby’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 years Connect with Toby Cajun Hostel Toby’s Airbnb Profile Toby’s Travel Blog Resources The Joy of Less: A Minimalist Guide to Declutter, Organize, and Simplify by Francine Jay VRBO FlipKey Worldpackers Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer nofollow" target="_blank">acast.com/privacy</a> for more information.

EP200: A Serial Airbnb Entrepreneur from Lafayette

The beautiful thing about Airbnb is that it provides an avenue for inspired entrepreneurs to leave jobs that aren’t fulfilling and start their own businesses in the vacation rental ecosystem, and today’s guest is a perfect example. Beautification Specialist Lily Troupe is the founder of Under Control Short Stay Management, Melbourne’s premiere turnover service and management company.Lily’s previous career as a social worker was incredibly demanding: She was working 12-hour days, but enjoying little financial reward. Feeling drained, she took a sales job with a network marketing firm and started cleaning and styling homes for extra money. One of Lily’s clients happened to be an Airbnb host, and when she went away on holiday, Lily was asked to help with check-in.Lily’s reputation for attention to detail and exceptional communication soon spread, and her contact information was passed on to other hosts. In June of 2016, she officially expanded her offerings to include Airbnb servicing and management, and Lily established Under Control Short Stay Management. Today she shares how her service goes beyond just cleaning, what you can do to make a space more welcoming, and important information to share with your Airbnb guests. Listen in to learn how Lily has made cleaning an art form!Topics CoveredLily’s introduction to Airbnb•Cleaning homes for extra money•Airbnb host as client going on holiday•Asked Lily to do check-ins, co-host•Referred to other Airbnb hostsThe skills Lily leveraged to turn this service into a business•Communication with hosts•Connection with clients (hosts and guests)•Understand needs beyond cleaning (five-star ratings)•Respect for homeHow Under Control Short Stay Management is more than just a cleaning service•Relationships with parties involved•Offers cleaning as ‘art form’•Connection with space•Commitment to make space beautiful•Provides sense of peace for guestThe importance of an initial scan of the property•Look for damage, anything untoward•Take photos and contact host immediatelyHow Lily makes a space more welcoming•Towel, toilet paper origami (e.g.: lotus flower)•Attention to detail (i.e.: spotless mirrors)How Lily approaches guest interaction•Gather info about guest at check-in (personality, purpose of trip)•Spends additional time with talkative guests•Respond immediately to questions through Airbnb appThe information Lily shares with guests•Local entertainment•Closest coffee shop, cafes•Where to catch train/tram•Affordable carparkHow Lily handles a double booking•Support on standby to provide backupConnect with Lily Under Control Short Stay ManagementResourcesDrop Bears on WikipediaHoop Snakes on Wikipedia Connect 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.

The beautiful thing about Airbnb is that it provides an avenue for inspired entrepreneurs to leave jobs that aren’t fulfilling and start their own businesses in the vacation rental ecosystem, and today’s guest is a perfect example. Beautification Specialist Lily Troupe is the founder of Under Control Short Stay Management, Melbourne’s premiere turnover service and management company. Lily’s previous career as a social worker was incredibly demanding: She was working 12-hour days, but enjoying little financial reward. Feeling drained, she took a sales job with a network marketing firm and started cleaning and styling homes for extra money. One of Lily’s clients happened to be an Airbnb host, and when she went away on holiday, Lily was asked to help with check-in. Lily’s reputation for attention to detail and exceptional communication soon spread, and her contact information was passed on to other hosts. In June of 2016, she officially expanded her offerings to include Airbnb servicing and management, and Lily established Under Control Short Stay Management. Today she shares how her service goes beyond just cleaning, what you can do to make a space more welcoming, and important information to share with your Airbnb guests. Listen in to learn how Lily has made cleaning an art form! Topics Covered Lily’s introduction to Airbnb •Cleaning homes for extra money •Airbnb host as client going on holiday •Asked Lily to do check-ins, co-host •Referred to other Airbnb hosts The skills Lily leveraged to turn this service into a business •Communication with hosts •Connection with clients (hosts and guests) •Understand needs beyond cleaning (five-star ratings) •Respect for home How Under Control Short Stay Management is more than just a cleaning service •Relationships with parties involved •Offers cleaning as ‘art form’ •Connection with space •Commitment to make space beautiful •Provides sense of peace for guest The importance of an initial scan of the property •Look for damage, anything untoward •Take photos and contact host immediately How Lily makes a space more welcoming •Towel, toilet paper origami (e.g.: lotus flower) •Attention to detail (i.e.: spotless mirrors) How Lily approaches guest interaction •Gather info about guest at check-in (personality, purpose of trip) •Spends additional time with talkative guests •Respond immediately to questions through Airbnb app The information Lily shares with guests •Local entertainment •Closest coffee shop, cafes •Where to catch train/tram •Affordable carpark How Lily handles a double booking •Support on standby to provide backup Connect with Lily Under Control Short Stay Management Resources Drop Bears on Wikipedia Hoop Snakes on Wikipedia Connect with Jasper Email: jasper@getpaidforyourpad.com Twitter: @GetPaidForUrPad Instagram: @GetPaidForYourPad Facebook: <a href="http://www.facebook.com/getpaidforyourpad" rel="nofollow" target="_blank">www.facebook.com/getpaidforyourpad</a> This episode is sponsored by <a href="http://Hostfully.com" rel="nofollow" target="_blank">Hostfully.com</a> where you can create a custom digital guidebook for your guests! Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer nofollow" target="_blank">acast.com/privacy</a> for more information.

EP189: How to Optimize Your Airbnb Turnovers

Paula Pant

Paula Pant is a journalist-turned-blogger, speaker and media commentator specializing in personal finance, real estate, and lifestyle design. Her finance and lifestyle design blog, Afford Anything, […] Hosted on Acast. See acast.com/privacy for more information.

Paula Pant is a journalist-turned-blogger, speaker and media commentator specializing in personal finance, real estate, and lifestyle design. Her finance and lifestyle design blog, Afford Anything, […] Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer nofollow" target="_blank">acast.com/privacy</a> for more information.

EP052: Paula Pant, CEO at AffordAnything.com, Shares her Experience with Airbnb in Atlanta

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.

In today's podcast episode I chat with Daniel Parker, founder of <a href="http://www.airmanaged.uk/" rel="nofollow" target="_blank">AirManaged</a>, 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: *<a href="https://www.airgms.com/software/gpfyp-30-bonus" rel="nofollow" target="_blank">AirGMS</a>: to manage his units on Airbnb, in particular sending automated messages and creating automated reviews *<a href="http://www.hostaway.com/" rel="nofollow" target="_blank">Hostaway</a>: to export his Airbnb listings to other platforms like <a href="http://Booking.com" rel="nofollow" target="_blank">Booking.com</a> *<a href="http://getproperly.com/Jasper" rel="nofollow" target="_blank">Properly</a>: to schedule cleanings and provide turn over instructions to his team *<a href="https://www.pricelabs.co/" rel="nofollow" target="_blank">Pricelabs</a>: to automatically set optimal prices for all his listings Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer nofollow" target="_blank">acast.com/privacy</a> for more information.

How To Manage Over 100 Airbnb Listings With AirManaged.mp3

So you’ve been hosting on Airbnb for a while now, and you’re loving it. Maybe you’re thinking about expanding your business to include an additional property, but you don’t have a ton of capital lying around. Is there any way to scale your Airbnb venture with a modest investment of, say, $10,000 or less? The answer is heck yes, and today’s guest shares how he is re-leasing rental properties via Airbnb, incorporating short-term rentals into his real estate business.With the help of a mentor, Eric Moeller started investing in real estate at the tender age of 18. Eric has a wealth of experience in house flipping, apartment buildings and real estate development, and he worked from the traditional landlord model until he sold his company in 2015. As Eric traveled the US that year – making use of Airbnb as a guest – he began to realize the investment potential of hosting. After looking at the numbers, he determined that he could double his ROI by pursuing short- rather than long-term rentals, and he developed a strategy for pitching a re-lease model to rental property landlords.In 2016, Eric moved to San Diego and originated the startup Homtel Tonight, an Airbnb management, leasing and investment company. He is a Superhost with listings in San Diego and Rosarito, Mexico, as well as the architect of the upcoming Airbnb Mastery Summit. Listen in as he discusses his process for selecting units for Airbnb, his approach to determining your niche avatar, and the unique amenities he offers guests. Learn the fundamentals of the re-leasing model as well as Eric’s approach to finding willing landlords. If you’re looking to grow your Airbnb business via rental properties, this interview is a must-listen!Topics CoveredEric’s advice around selecting units for Airbnb•Choose carefully based on demand, city support of Airbnb•Doesn’t have to be in backyard•Utilize tools like AirDNA and Rent Responsibly•If re-leasing, approach landlords with pitch•Analyze the numbers (with 70% occupancy, should generate 2X amount of rent)The characteristics Eric is looking for in a potential Airbnb property•2BR apartments, standalone single-family houses best in San Diego market•Location near attractions or airport•Most unique spaces, potential to create unique experienceEric’s approach to determining your target guest•Become guest yourself, note design and amenities•Research properties in area on Airbnb•Focus on niche to attract a single avatar (i.e.: beach life, business community)Eric’s recommendations around designing your Airbnb•Hire local interior designer•Buy artwork, etc. from local shops•Decorate around theme for better booking results•Budget $5,000—$7,000 for furniture, painting•Buy furniture second hand or shop at IKEAThe amenities Eric offers guests•All basics (e.g.: paper goods, towels, fully stocked kitchen)•Wi-Fi connection and Smart TVs•Guests can request additional kitchen implements•Beach properties include surf boards, skateboards and beach chairs•Luxury rentals offer car service from airport, link to his cars on Turo•Business properties offer custom workstationThe differences between re-leasing vs. buying property for Airbnb•More options to change physical structure if buying•Focus on staging and paint in re-leasing situation•Same systems, tools for property management•Update landlord monthly in re-lease (upcoming dates booked, checklist)How Eric obtains leads for willing landlords•Online marketing targets real estate investors•Craigslist (team calls every homeowner who fits model)•Networking with landlords, investors Hosted on Acast. See acast.com/privacy for more information.

So you’ve been hosting on Airbnb for a while now, and you’re loving it. Maybe you’re thinking about expanding your business to include an additional property, but you don’t have a ton of capital lying around. Is there any way to scale your Airbnb venture with a modest investment of, say, $10,000 or less? The answer is heck yes, and today’s guest shares how he is re-leasing rental properties via Airbnb, incorporating short-term rentals into his real estate business. With the help of a mentor, Eric Moeller started investing in real estate at the tender age of 18. Eric has a wealth of experience in house flipping, apartment buildings and real estate development, and he worked from the traditional landlord model until he sold his company in 2015. As Eric traveled the US that year – making use of Airbnb as a guest – he began to realize the investment potential of hosting. After looking at the numbers, he determined that he could double his ROI by pursuing short- rather than long-term rentals, and he developed a strategy for pitching a re-lease model to rental property landlords. In 2016, Eric moved to San Diego and originated the startup Homtel Tonight, an Airbnb management, leasing and investment company. He is a Superhost with listings in San Diego and Rosarito, Mexico, as well as the architect of the upcoming Airbnb Mastery Summit. Listen in as he discusses his process for selecting units for Airbnb, his approach to determining your niche avatar, and the unique amenities he offers guests. Learn the fundamentals of the re-leasing model as well as Eric’s approach to finding willing landlords. If you’re looking to grow your Airbnb business via rental properties, this interview is a must-listen! Topics Covered Eric’s advice around selecting units for Airbnb •Choose carefully based on demand, city support of Airbnb •Doesn’t have to be in backyard •Utilize tools like AirDNA and Rent Responsibly •If re-leasing, approach landlords with pitch •Analyze the numbers (with 70% occupancy, should generate 2X amount of rent) The characteristics Eric is looking for in a potential Airbnb property •2BR apartments, standalone single-family houses best in San Diego market •Location near attractions or airport •Most unique spaces, potential to create unique experience Eric’s approach to determining your target guest •Become guest yourself, note design and amenities •Research properties in area on Airbnb •Focus on niche to attract a single avatar (i.e.: beach life, business community) Eric’s recommendations around designing your Airbnb •Hire local interior designer •Buy artwork, etc. from local shops •Decorate around theme for better booking results •Budget $5,000—$7,000 for furniture, painting •Buy furniture second hand or shop at IKEA The amenities Eric offers guests •All basics (e.g.: paper goods, towels, fully stocked kitchen) •Wi-Fi connection and Smart TVs •Guests can request additional kitchen implements •Beach properties include surf boards, skateboards and beach chairs •Luxury rentals offer car service from airport, link to his cars on Turo •Business properties offer custom workstation The differences between re-leasing vs. buying property for Airbnb •More options to change physical structure if buying •Focus on staging and paint in re-leasing situation •Same systems, tools for property management •Update landlord monthly in re-lease (upcoming dates booked, checklist) How Eric obtains leads for willing landlords •Online marketing targets real estate investors •Craigslist (team calls every homeowner who fits model) •Networking with landlords, investors Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer nofollow" target="_blank">acast.com/privacy</a> for more information.

EP175: How to Integrate Airbnb in Your Real Estate Business

Diego Coria

In this episode we talk with Diego Coria from Buenos Aires. Diego has a really interesting story. He found himself struggling to pay his rent and […] Hosted on Acast. See acast.com/privacy for more information.

In this episode we talk with Diego Coria from Buenos Aires. Diego has a really interesting story. He found himself struggling to pay his rent and […] Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer nofollow" target="_blank">acast.com/privacy</a> for more information.

EP 021: Creating a Business Renting Apartments to List Them on Airbnb With Diego Coria From Buenos Aires

Many Airbnb guests are looking for a chance to unplug and truly get away from the madness of modern life. David Fraser has developed a low-risk Airbnb model that capitalizes on this by building log cabins on his property, and he is keen to share his best practices with the Get Paid for Your Pad audience.David happened into the idea accidentally because his family had no place to sleep when they visited his country home outside Toronto. His mother sent him an ad for a cabin on Kijiji, and David began to wonder if such a rustic experience would do well on Airbnb when his family wasn’t staying there. He did a little market research by creating a listing, using stock photos of the cabin and pictures of the view from his backyard, and to his surprise, there was significant interest. David accepted his first booking and built the cabin from a kit—two days before the guests arrived!Nearly three years later, David has expanded his enterprise to three cabins and a shared bathroom facility. All the units have paid for themselves, and he is able to generate $4,000 CAD/month in cashflow. Today he explains how he developed the concept, from choosing a cabin to furnishings to maintenance. Listen to understand how David handles the seasonality of bookings and the potential for regulations down the road. If you are in the right situation, the log cabin model might work for you!Topics CoveredHow David developed the log cabin concept•Moved to the country•No place for family to sleep when visiting•Mom sent ad for cabin on Kijiji•Created Airbnb listing to test market•Received interest, accepted booking•Built cabin two days before arrival of first guest•Refined process, added amenities•Built two additional cabins and shared bathroomHow much the cabins cost•$4,400 CAD for the first one•Negotiated with European company for wholesale price on next two•Between $3,500-$8,000 CAD•All cabins are 105 ft² (don’t need building permit)How David furnishes the cabins•Queen bed•Writer’s table•Dressers•Heaters•Electric blanket, fan•Premium cabin has loft, A/C•Rustic theme (most furniture used)•Spend $1,000 per cabin on furnishingsThe process of building the cabins•David, his wife and father-in-law built in two days•Comes with complete kit•Ensure area is level•Could pour cement pad as foundation•David recommends 6x6 pressure-treated lumberDavid’s ROI•First year with single cabin, made $6,000 CAD (170% ROI)•Single cabin this year generated $8,000 CAD (200% ROI)•Additional cabins built this spring have already paid for selves•Made $4,000 CAD last monthHow David approaches maintenance•Changeover requires sweeping, change of bedsheets•Simple because no bath/shower to clean•Replace bedsheets as necessary•Few things to break, not costly to replaceThe seasonality of bookings•Didn’t anticipate bookings in January, February•Closed listing in 2016 while traveling•Kept open in 2017, still made $2,000 from January—March•Installed two heavy-duty heaters•May try pellet stoves this winterThe legality of Airbnb in David’s municipality•Hasn’t ruled for or against (only two hosts in area)•David is building up client base of regulars in case of eventual regulationsThe primary market for David’s cabins•People in nearby cities looking to getaway•One- or two-day tripThe benefits of the log cabin concept•Low risk•David is willing to chat about your specific situation, Hosted on Acast. See acast.com/privacy for more information.

Many Airbnb guests are looking for a chance to unplug and truly get away from the madness of modern life. David Fraser has developed a low-risk Airbnb model that capitalizes on this by building log cabins on his property, and he is keen to share his best practices with the Get Paid for Your Pad audience. David happened into the idea accidentally because his family had no place to sleep when they visited his country home outside Toronto. His mother sent him an ad for a cabin on Kijiji, and David began to wonder if such a rustic experience would do well on Airbnb when his family wasn’t staying there. He did a little market research by creating a listing, using stock photos of the cabin and pictures of the view from his backyard, and to his surprise, there was significant interest. David accepted his first booking and built the cabin from a kit—two days before the guests arrived! Nearly three years later, David has expanded his enterprise to three cabins and a shared bathroom facility. All the units have paid for themselves, and he is able to generate $4,000 CAD/month in cashflow. Today he explains how he developed the concept, from choosing a cabin to furnishings to maintenance. Listen to understand how David handles the seasonality of bookings and the potential for regulations down the road. If you are in the right situation, the log cabin model might work for you! Topics Covered How David developed the log cabin concept •Moved to the country •No place for family to sleep when visiting •Mom sent ad for cabin on Kijiji •Created Airbnb listing to test market •Received interest, accepted booking •Built cabin two days before arrival of first guest •Refined process, added amenities •Built two additional cabins and shared bathroom How much the cabins cost •$4,400 CAD for the first one •Negotiated with European company for wholesale price on next two •Between $3,500-$8,000 CAD •All cabins are 105 ft² (don’t need building permit) How David furnishes the cabins •Queen bed •Writer’s table •Dressers •Heaters •Electric blanket, fan •Premium cabin has loft, A/C •Rustic theme (most furniture used) •Spend $1,000 per cabin on furnishings The process of building the cabins •David, his wife and father-in-law built in two days •Comes with complete kit •Ensure area is level •Could pour cement pad as foundation •David recommends 6x6 pressure-treated lumber David’s ROI •First year with single cabin, made $6,000 CAD (170% ROI) •Single cabin this year generated $8,000 CAD (200% ROI) •Additional cabins built this spring have already paid for selves •Made $4,000 CAD last month How David approaches maintenance •Changeover requires sweeping, change of bedsheets •Simple because no bath/shower to clean •Replace bedsheets as necessary •Few things to break, not costly to replace The seasonality of bookings •Didn’t anticipate bookings in January, February •Closed listing in 2016 while traveling •Kept open in 2017, still made $2,000 from January—March •Installed two heavy-duty heaters •May try pellet stoves this winter The legality of Airbnb in David’s municipality •Hasn’t ruled for or against (only two hosts in area) •David is building up client base of regulars in case of eventual regulations The primary market for David’s cabins •People in nearby cities looking to getaway •One- or two-day trip The benefits of the log cabin concept •Low risk •David is willing to chat about your specific situation, Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer nofollow" target="_blank">acast.com/privacy</a> for more information.

EP185: How to Turn Your Backyard into Cash Renting Log Cabins on Airbnb

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