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

In this influencer-fueled world, we are constantly told that we must hit certain milestones to be a 'real business.' But the truth is, out of the 28 million companies in the United States, only 4% ever reach $1 million in revenue. And from there, only about 1 in 10 makes it to $10 million in revenue. Scaling requires an intentional focus on the "four major decision areas every company must get right: People, Strategy, Execution, and Cash." So, how can you scale your STR business and achieve the growth you envision? We've just started reading Scaling Up: How a Few Companies Make It...and Why the Rest Don'twith the STR Legends Mastermind, and it's already been influential for our team. For the next four months we will devote an episode of Get Paid For Your Pad to going through the book's different sections, "People, Strategy, Execution, and Cash." On this episode of STR conversations, Eric and I share some of our key takeaways from the people section of Scaling Up. Listen in for an overview of such topics as the difference between a good manager and a great manager and how to hire the right people for every role on your team and then help them play to their strengths and grow. We share what an A-player is and what they bring to your team. Plus, the one thing that will make or break the success of every aspect of your company. Topics Covered  Why you need to get clear on exactly how many listings YOU need to get to where YOU want to goWhy it's so important to solve your team management issues in the beginningHow Scaling Up can help your business no matter what stage you are inThe most important aspect of scaling your businessHow big your team really needs to beWhy it's so important to step up as a leader in your company to scaleThe 2 most significant tests each member of your team needs to passWhat slows down the growth of a companyHow many people have to apply for your position before you find your A-team playerThe key to hiring A-players at every level of the companyWhy accountability will make or break the success of your companyHow to determine if your strengths as a leader are hindering your company's growthResources Scaling Up: How a Few Companies Make It...and Why the Rest Don'tTraction: Get a Grip on Your BusinessThe Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful BusinessesFREE HOST ASSESSMENT: Grow Your Airbnb BusinessAPPLY NOW for the Legends X STR Accelerator class beginning October 17!FREE Airbnb Starter GuideSubscribe to GPFYP on Apple PodcastsEmail jasper@getpaidforyourpad.comSponsor Legends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

"In the summer of 2014, we were in Vegas, trying to figure out how to sell more books, so we decided to start a podcast. We bought a mic and messaged a host we knew to interview for Episode 1."—Jasper Ribbers That impulsive decision led to the long running Get Paid For Your Pad podcast, with over 1.3 million downloads. Today we are celebrating a milestone—the 500th episode! On this edition of STR Conversations, Eric and Jasper are switching seats, with Eric talking over the mic for an interview with Jasper. From the "Traveling Dutchman" travel blog to the Get Paid For Your Pad book, Jasper shares his journey to the successful Get Paid For Your Pad podcast.  Listen in for a glimpse behind the scenes of the podcast, the biggest challenges on the journey to Episode 500, and the #1 key to the show's success. From the mom-and-pop hosts to the biggest titans in the industry, Jasper shares his favorite episodes and the life changing lessons he's learned from his guests along the way. Plus, he shares the story of Brian Chesky's famous tweet about the catchy Get Paid for Your Pad jingle and why it's here to stay! Listen in to this inspirational episode for tips on how to grow your influence and establish yourself as an expert in your own market. Are you a longtime listener of the show? We'd love to hear from you! Let's surprise Jasper with some new reviews to celebrate the 500th Episode of Get Paid For Your Pad! Topics Covered Why consistency always beats experience in the race for successJasper shares his podcasting journey and the lessons he's learnedThe #1 reason for the success of Get Paid for Your PadThe impact of the podcast in terms of Jasper's influence in the STR spaceWhy consistency is the key to leadership and influenceThe future plans for the Get Paid for Your Pad bookThe powerful lessons we can learn from the sharing economy spaceThe key to successful leadership and influenceThe 3 most important tenets of bringing value to your audienceHow to grow your sphere of influenceResources Get Paid For Your PadEP024 Airbnb's Head of Hospitality Chip Conley, Divulges His Best Advice for Airbnb HostsEP175: How to Integrate Airbnb in Your Real Estate BusinessEP186: This Week in the World of AirbnbFREE HOST ASSESSMENT: Grow Your Airbnb BusinessAPPLY NOW for the Legends X Short-Term Rental Accelerator class beginning October 17!Subscribe to GPFYP on Apple PodcastsEmail jasper@getpaidforyourpad.comSponsorLegends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

The Airbnb industry is evolving, and, with it, so are the visions STR hosts hold for their businesses. Gone are the days of throwing up any listing and expecting success. The industry has changed. There is a lot more education available, offering new ways for hosts to learn what is possible for them and the business they want. Before each Legends X Short-Term Rental Accelerator class, Eric spends his time on the phone talking to potential participants about what they are looking for to take their business to the next level. So, who are the up-and-coming hosts of today, and what are STR business owners seeking to sustainably grow their business to the next level? On this edition of STR Conversations, Eric and I sit down to discuss the 3 biggest things applicants are seeking for their business when applying for the Legends X program. We walk you through how our VOS system helps participants in the class get clear on what they want and then implement it to build a sustainable business. We’ll talk about what areas of hosting entrepreneurs are moving away from and offer insight into the new and exciting niches hosts are exploring in order to offer world-class experiences to their guests.  Listen in for a preview of the Legends X program and learn how the VOS system can help YOU transition from STR host to hospitality business operator. Plus, you can now get our Host Assessment, part of Legends X, for FREE! Want to be a part of the next Legends X Short-Term Rental Accelerator class beginning October 17? Apply NOW! Topics Covered Why there is such a massive uptick in the Airbnb and hospitality industryThe 3 things Legends X applicants are seeking for their businessesWhat are the new and popular niches in the STR Airbnb spaceThe 3 areas we focus on in Legends XThe biggest challenge of creating the business you envision Why the transition from Airbnb host to a hospitality business operator pays such huge (all around) dividendsHow we determine who is coachable and ready for Legends XThe amazing mindset transitions we’ve seen through the Legends X courseOur #1 goal for every person who takes part in the Legends X Short-Term Rental Accelerator class Resources FREE HOST ASSESSMENT: Grow Your Airbnb BusinessAPPLY NOW for the Legends X Short-Term Rental Accelerator class beginning October 17!Good to Great: Why Some Companies Make the Leap and Others Don't2022 Vacation Rental Management Association Conference   Email jasper@getpaidforyourpad.comSponsor Legends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

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You want to drive more bookings for your Airbnb properties at a higher revenue. To do that, you know you need to create experiences that will connect with your guest avatar and are cohesive to your brand.But before you start renovating, you need to understand what the ROI will be and if the money you spend be worth it for your bottom line and the guest experience.So how do you create a budget for the guest aesthetic you seek and still make a profit?On this episode of Get Paid for Your Pad, Eric and I walk you through the questions you need to ask before you begin to make your renovation budget.We'll walk you through all the small details you need to consider when determining which elements to select to assure you are creating the experience your guest is looking for when they book your property.Listen in for insight into how creating world-class experiences can help you justify higher prices. Plus, how to cultivate the same experiences the big hoteliers do by focusing on the five senses.Topics CoveredWhy the discovery phase is the most challenging part of budget planningThe first question to ask when making your renovation budgetHow to use AirDNA to compare to the top performing units in your marketWhat you need to look at to determine what will create the experience your guest is looking forHow to cultivate the ‘every detail matters’ experience of big hotels without their budgetThe most crucial factor in determining your renovation budgetWhy your brand is just as valuable as the real estate you build it onHow to put together a vibe or lookbook for your interior designerHow creating world-class experiences can help you justify higher nightly pricesResourcesSpirit Line Cabin Between Alma & BreckenridgeAirDNARentedScaling Up: How a Few Companies Make It...and Why the Rest Don'tLegends X Short-Term Rental AcceleratorSTR Legends MastermindSubscribe to GPFYP on Apple PodcastsEmail jasper@getpaidforyourpad.comSponsored ByLegends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

Wouldn't it be great to be able to operate your STR business from anywhere while you travel and explore the world?True freedom is being able to operate your business from anywhere you are or feel like waking up in the morning. But is that really possible? And if so, what are the pros and cons?Sean McGregor is the Chief Experience Officer at Stay Work and Play. A digital nomad, Sean loves working remotely while traveling with his family. He's an Airbnb Superhost with over 2500 reviews and a 4.96 overall rating. His hosting story appears in the book Hospitable Hosts: Inspiring & Memorable Stories From Airbnb Hosts Around The World To Educate & Motivate.On this episode of Get Paid for Your Pad, Sean joins me to discuss how he turned his STR business into a lifestyle business hosting remotely with property owners all over the country—most he's never even met in person.Listen in as Sean shares how his business took off after he completed Legends X. He'll walk us through the tips and tools he learned from the program that have helped him hold fast to the goal he lives by for his digital nomad family and his ambitious host oath.Plus, the business hacks he uses so that anyone on his team can successfully replace him in the day-to-day of running his STR business.If you're interested in growing your business, we have a few spots in our next Legends X STR Accelerator class. Don't wait—Apply Now! Plus, our new FREE training: The Step-By-Step Plan for Scaling Your Airbnb Business to $1M and Beyond.Topics CoveredThe hacks Sean uses to put his business on autopilot so that he can live location independent with his family2 processes Sean put in place to achieve his high bar host oathWhy putting yourself into a traveler's mindset will help you deliver the best guest experience possibleHow he overcame the challenges of renting places he's never seenThe two-pronged discovery process Sean uses to ensure his guests leave a 5-star reviewHow he's addressing owner issues while smoothing things out for his teamWhy Sean thinks his location anywhere lifestyle has helped him work with more ownersThe #1 thing that helps him stay prepared for the curveballs that come up in his STR businessWhy his goal is to help other STR hosts become digital nomadsConnect with SeanSean on LinkedInResourcesScaling a Remote Co-Hosting Business While Maintaining a 5-Star Guest with Sean McGregor (Ep390)The Step-By-Step Plan For Scaling Your Airbnb Business to $1M and BeyondHospitable Hosts: Inspiring & Memorable Stories From Airbnb Hosts Around The World To Educate & MotivateEmail jasper@getpaidforyourpad.comSponsored byLegends X STR Accelerator Hosted on Acast. See acast.com/privacy for more information.

Accountability is what drives results in your personal life, for your health goals, for your teams, and especially in your business.Accountability is everything for scaling a business. It's also one of the biggest things that can hold STR entrepreneurs from reaching their goals. Most of the hosts we talk to want to grow in their business, but they're stuck in the same spot, experiencing the same challenges over and over because they haven't created accountability within their team. So how do you add layers of accountability to your business and team dynamic? On this episode of Get Paid for Your Pad, Eric and I share some ways we've used accountability in our own lives to reach our personal and business goals. We'll walk you through how we use layers of accountability in our businesses, with our team, and in the Legends X program so you can reach your STR business goals much sooner. Plus, why pain points are an excellent motivator for results. Listen in for insight into why we operate Legends X with the philosophy of 'what do they need, not what do they want' and how that's led to a 98% success rate and more extensive results in a smaller time frame for the STR hosts in the class. If you want to be held accountable by us and our program, apply today for the next class of the Legends X Short-Term Rental Accelerator. Topics Covered Why accountability should be at the forefront of decision-making in your lifeHow a lack of focus can impact all areas of your lifeThe 3 things you need to make accountability workEric shares how accountability played an enormous role in his weight loss journeyWhy daily check-ins are vital to holding you to your goalsWhy pain points are an excellent motivator for achieving higher-level resultsHow layering accountability builds bigger results3 ways to use your project management tools for more measurable resultsWhy checking in with all levels of your team assures you're all rowing in the same directionWhy we added check-ins to the Legends X program to help participants complete their action items in a shorter time frame (for better results)Why we have a 98% success rate with Legends X Resources  Get Paid for Your Pad YouTube Channel75 HardLegends X Short-Term Rental AcceleratorSTR Legends MastermindSubscribe to GPFYP on Apple PodcastsEmail jasper@getpaidforyourpad.comSponsored ByLegends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.

Many companies are shifting their employees to working remotely, allowing many people the flexibility to live more of a nomadic lifestyle. This has led the 30-plus day stays to become the fastest growing category on Airbnb right now. But what are the pros and cons? And is it profitable? Toby Doré currently manages over 20 units in 'Cajun Country' downtown Lafayette, Louisiana, and has over 5000 reviews on Airbnb. He's also a full-time sports psychology professor at the University of Louisiana and writes the travel blog, "The Cajun Traveler." Toby was in the first class of Legends X. His story appears in the book, Hospitable Hosts: Inspiring & Memorable Stories From Airbnb Hosts Around The World To Educate & Motivate. On this episode of Get Paid for Your Pad, Toby joins me to discuss how he transitioned his properties to 30-day plus stays during the pandemic to keep his business alive and why he's keeping them there in the fastest growing category on Airbnb. Listen in as Toby shares the two biggest lessons he's learned from having his properties in the 30-day plus leasing model, how he uses his travel blog as a marketing tool for his STR business, plus some important tips about LTR leases.  The next Legends X STR Accelerator class begins February 28, 2023. If you're interested, apply now. Topics Covered The importance of contracts, leases, and tenant's rightsWhere Toby found 100% of the leads for his pandemic long-term rentalsThe biggest disadvantage of the 30-day leasing modelThe key difference between regular contracts and arbitrage contractsToby's pricing strategies for managing both his 30-day leases and his STRsWhy having a blog about your STR market is a powerful marketing toolWhy Toby decided to get involved in the Hospitable Hosts book projectThe 2 biggest lessons Toby learned when he transitioned to the 30-day+ leasing modelThe important connections Toby made through Legends XConnect with TobyThe Cajun Traveler on FacebookThe Cajun Traveler on InstagramResourcesHospitable Hosts: Inspiring & Memorable Stories From Airbnb Hosts Around The World To Educate & MotivateHospitable HostsThe Cali Adventurer BlogEP200: A Serial Airbnb Entrepreneur from Lafayette Apply for Legends X STR AcceleratorGet Paid for Your Pad NewsletterSTR Legends MastermindEmail jasper@getpaidforyourpad.comSponsored byLegends X STR Accelerator Hosted on Acast. See acast.com/privacy for more information.

2022 is going to be a record year for US short-term rentals.Or is it?On the one hand, the data tells us the STR industry is doing great, while we also see the economic uncertainty, pain at the pump, and an increasing supply of STR units. Plus, there have been recent news reports about some of the big players in the industry going belly up.We're getting mixed signals.So how can we really understand what is going on in the STR industry so we can better plan our business strategies?On this episode of Get Paid for Your Pad, Eric and I share some recent STR industry data and articles.We offer our thoughts on the current hosting market and share consumer insight into why people are still traveling despite the rising cost of everything.We'll walk you through the impact of gas prices, the concern over the the surplus supply of STR units, and why some of the big STR players may have folded.Listen in for insight into what professional hosts are saying about how they are really doing in their businesses. Plus, where the excitement is right now!If you're an STR host who wants to grow or are looking to get started in the industry, we still have a limited number of openings in our 90-Day Legends X Short-Term Rental Accelerator. Apply TODAY!Topics CoveredWhy are big players in our industry going belly upWhy the micro-economy of STR and hospitality is still a good bet even nowWhy Blackstone is looking into digging deeper into the hospitality industryWhy major rental markets are still at 90% occupancy when gas prices are the highest everWhich types of STR hosts will do well in this down economyWhat Eric is learning from the hosts applying for the 4th class of Legends X Short-Term Rental AcceleratorResourcesWhy Hospitality is the Best Place to Work, Invest, and Innovate Now (and in the Years Ahead)Shuttered Property Manager WanderJaunt Is Trying To Sell Its AssetsSkiftAirDNA 2022 Mid-Year Outlook Update: Economic Adversity Can’t Stop STR GrowthLegends X Short-Term Rental AcceleratorSTR Legends MastermindSubscribe to GPFYP on Apple PodcastsEmail jasper@getpaidforyourpad.com Sponsored ByLegends X Short-Term Rental Accelerator  Hosted on Acast. See acast.com/privacy for more information.

Competition is increasing in the property management market. More owners than ever are looking to find the best management company for their property that will also help them improve their ROI. So how can you, as a management company, help owners make the best use of their properties and enjoy their homes while still making the biggest ROI? Lisa Stotelmyre is the President of Yellow Brick Road Homes+, with properties nestled in Lake Arrowhead, CA, and Winter Park, CO. Lisa began her journey as a STR host in 2010 by purchasing a run-down property for 55K and increasing its value to 400K. Yellow Brick Road Homes+ specializes in managing 2nd homes for owners so they can enjoy their homes while enjoying the biggest ROI possible. On this episode of Get Paid for Your Pad, Lisa joins me to walk us through the lessons she learned as she transitioned from owning a few units to running a property management company. She shares her #1 reason for joining Legends X and the one philosophy she's learned to embrace from the training that catapulted her to the rising star program and her plans for Yellow Brick Road Homes+.Listen in as Lisa shares how she used what she learned during Legends X to go from a hectic host to a company with 15 to 18 units and a team that's helping her scale. Legends X STR Accelerator class 4 begins August 22, 2022. If you're interested, apply now. Topics Covered Why Lisa got involved in the STR marketHer organic transition from owning to managingThe most important things to consider when transitioning from an owner to a managerHow to create a property management success criterion so mangers and owners are on the same pageThe 3 standards Lisa puts in place for every owner clientThe 2 ways Yellow Brick Road Homes+ maximizes ROI for property owners while ensuring their money is well investedThe amenities investments that increase ROIThe #1 question to ask that increases your value as a property managerThe biggest thing Lisa took away from the Legends X training that helped her transition from a hectic host to managing her own property management company Connect with LisaYellow Brick Road Homes+ on Facebooklisamarie@ybrhomesplus.com(562) 900-8132 ResourcesApply for Legends X STR AcceleratorGet Paid for Your Pad NewsletterSTR Legends MastermindEmail jasper@getpaidforyourpad.com Hosted on Acast. See acast.com/privacy for more information.