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

Most STR hosts start the same way, by hosting their own home or renting out an extra bedroom.  But there are 5 stages in the hosting journey.  So, how do you get from owning just one rental to growing as an entrepreneur and scaling your STR business into a successful 2 million dollar a year company?  On this episode of STR conversations, Eric and I share that Legends X Class 4 Enrollment is now open. We'll walk you through some of the challenges the program solves for hectic hosts, and we announce the 7 figure coaches that will be participating in this round.  We'll walk you through the Vision, Operations, Scale (VOS) system and how it has impacted the lives and the futures of the 127 companies that have already gone through the program.  Listen in to learn about the power of getting off the 'lonely hosting island' where you're trying to figure things out on your own and into a program that can help you solve your STR hosting challenges surrounded by coaching support and community. We're looking for the right people to join the program. If you're interested, apply now for the Legends X STR Accelerator. Topics Covered How to determine where you are in the 5 stages of STR hostingThe stage of hosting where most STR entrepreneurs get stuck Why it's harder to be successful as an entrepreneur than it is to have a corporate jobHow implementing the VOS system can help you scale more quicklyThe most important part of the VOS systemThe biggest impact STR entrepreneurs have gained from our previous Legends X coursesThe power of having a community support your entrepreneurial journeyWhy Legends X can help any entrepreneur in any industryThe #1 reason to join Legends X if you're currently a hectic hostResources Legends X Class 4 Enrollment From Hectic Host to Legend in Less Than 1 YearFREE Airbnb Starter GuideSubscribe to GPFYP on Apple Podcasts Get Paid for Your Pad Email ListEmail jasper@getpaidforyourpad.com Sponsor Legends X STR Accelerator Hosted on Acast. See acast.com/privacy for more information.

How do you grow from one rental cabin in the woods to becoming well on your way to being Colorado's premiere boutique portfolio of luxury vacation rentals? Thomas Barry has worked in the private service industry with very high net worth families, offering high-touch hospitality services for 25 years. He started his STR business Hosting from the Heart, with his wife, Tina, in 2015 after the birth of his first child. Over the past seven years, HFTH has grown to 18+ unique luxury properties. On this episode of Get Paid for Your Pad, Thomas joins me to walk us through the home-away-from-home guest experience and the technologies Hosting from the Heart used that led to homeowners seeking them out for help in managing their luxury mountain properties. Listen in as Thomas shares ‌how he went from a hectic host and W-2 employee to a full-time STR entrepreneur. Plus, what he and his team learned from Legends X that helped them double their growth target in just 12 months to take them closer to their goal of being Colorado's premiere boutique portfolio of luxury vacation rentals. Topics Covered How expanding their family led Thomas and his wife to try the Airbnb modelThe core values and sole purpose of Hosting from The Heart (hint: it's not just about the money)The opportunity HFTH found through master leasingHow their use of dynamic pricing led to more owners signing with HFTHThe 3 big changes the Legends X STR Accelerator program helped Thomas make to catapult the growth of his businessHow Thomas went from hectic host and W-2 employee to full-time STR hostAn inside look at where Hosting from the Heart is focusing after attending the Legends X Mastermind Connect with Thomas BarryHosting From the HeartHFTH on InstagramResourcesRegister for The Step-By-Step Plan For Scaling Your Airbnb Business to $1M and BeyondLegends X STR AcceleratorGet Paid for Your Pad NewsletterSTR Legends MastermindEmail jasper@getpaidforyourpad.com Hosted on Acast. See acast.com/privacy for more information.

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One of the biggest challenges of the ownership model is scaling fast. It requires capital, partners, and contractors to keep things going. All significant challenges, especially when based in a secondary market. In January 2018, Rob Scarborough went from real estate flipper to accidental Airbnb short-term rental host. His company, Just Like Home Vacation Rentals, based in the Kansas City Metro market, got its start on the ownership side of things. Rob, who recently completed the Legends X program, has now leveraged the tools he learned in the program to grow his company to beyond what he thought was possible. On this episode of Get Paid for Your Pad, Rob joins me to walk us through his accidental start in the Airbnb market, the challenges of STR ownership and his 3 tips for flourishing in the ownership model.Listen in as Rob shares ‌how he’s using his experience to segue into the property management side of the STR industry. Plus, what he and his team learned from Legends X that is helping his company scale more quickly than they ever dreamed. Topics Covered Why Rob chose the ownership model for Just Like Home Vacation RentalsThe biggest advantage of the STR ownership model3 tips for flourishing in the ownership modelWhat to keep in mind when setting up your STR businessCreative ways to find capital for your STR investment propertiesThe best way to find the contractors you need in a smaller marketThe top 3 challenges of scaling the ownership modelThe tactic Rob and his partners use to force appreciationHow Rob’s own vacation persona affects his Airbnb ownership personalityWhat the COVID crisis did to solidify their business modelHow Legends X helped Rob and his team grow beyond what they thought was possible Connect with Rob ScarboroughEmail RobResourcesRegister for The Step-By-Step Plan For Scaling Your Airbnb Business to $1M and BeyondLegends X STR AcceleratorGet Paid for Your Pad NewsletterSTR Legends MastermindEmail jasper@getpaidforyourpad.com Hosted on Acast. See acast.com/privacy for more information.

Every day through our various programs, Eric speaks with people worldwide running STR businesses, and he always asks them the same 3 questions. They often don't have the answers because they are too tied up in the day-to-day and unclear about where they're going with their company. But the answers to those questions could be the difference between a burned-out hectic host and owning a million-dollar Airbnb business. So, what are those questions? And what can you do to get the clarity you need to scale your STR business in any economy? On this episode of Get Paid for Your Pad, Eric and I announce our upcoming FREE 2-hour workshop called The Step-By-Step Plan For Scaling Your Airbnb Business to $1M and Beyond that will help you answer those questions and more. We share the mission behind Overnight Success and discuss the key to making educated, empowering decisions that will set your STR business up for long-term growth, no matter the economic situation. Listen in for the full details on this hands-on workshop where Eric and I will work with you to implement vital systems and processes from our 90 Day Legends X Program, giving you the takeaways you need to scale your STR Business NOW. Click here to learn more and reserve your spot for The Step-By-Step Plan for Scaling Your Airbnb Business to $1M and Beyond TODAY! Topics CoveredThe Overnight Success mission statement for a successful impact on the STR industryHow your mission statement impacts the success of your businessWhy we chose the parts of the 90 Day Legends X Program we will be sharing with you in the workshopThe most powerful way to energize your entire teamHow to flip the switch from scarcity to an abundant mindsetWhat to pay attention to NOW in your businessThe key to preparing your business for a slowdown in the economyThe critical elements you need for ultimate growth in your STR businessResources  Register for The Step-By-Step Plan For Scaling Your Airbnb Business to $1M and BeyondStart with Why: How Great Leaders Inspire Everyone to Take ActionRichard Fertig on STRs in 2022Legends X Short-Term Rental AcceleratorSTR Legends MastermindSubscribe to GPFYP on Apple PodcastsEmail jasper@getpaidforyourpad.com Hosted on Acast. See acast.com/privacy for more information.

It's helpful for property management companies to use multiple Airbnb accounts to simplify overseeing numerous properties. But what are the pros and cons of managing several accounts? And how can you set things up for more autonomy? Jason Sterner is the Founder and CEO of Southern Homestay, LLC. Since its inception in 2017, Southern Homestay has strived to create exceptional experiences for its guests while helping investors turn their property liability into income-producing assets through Airbnb. The company aim is to serve people well while building long-term, lasting relationships with its clients. On this episode of Get Paid for Your Pad, Jason joins me to explain how he got started in the Airbnb space, how his family built their business and the lessons they've learned along the way. He shares some of the challenges and payoffs of managing multiple Airbnb listings and how Southern Homestay is adding value to their business partnerships. Listen in for Jason's insight into how to streamline multiple Airbnb accounts to grow your STR business. Plus, what he and his team learned from Legends X that helped solidify their vision for growth. Topics Covered How networking helped Jason build his businessHow Jason and Southern Homestay are helping people make more money by doing lessThe most important decision to make when setting up multiple Airbnb accountsThe number 1 move Jason made to streamline his business and increase cash flowThe 3 best reasons to use multiple Airbnb accountsThe 2 biggest disadvantages of having multiple Airbnb accountsHow Legends X helped the Southern Homestay team crystalize their goals for the futureConnect with Jason SternerSouthern Homestay, LLC.Jason on LinkedInResources Get Paid for Your Pad NewsletterLegends X STR AcceleratorSTR Legends MastermindEmail jasper@getpaidforyourpad.com Hosted on Acast. See acast.com/privacy for more information.

If you're trying to build a business, you must lead other people. If you're not leading people, you just have a job.When starting out, entrepreneurs often show up with ego, fear, and concern and try to control every situation. But that doesn't solve problems. Your ego might get a win, but you're not actually getting closer to your end goal.So, what is leadership, really? And how can you become a better leader for your team?On this episode of Get Paid for Your Pad, Eric and I explain why leadership is the number one skill set you need to learn to grow your business.We'll share the difference between leaders and managers and how great leadership inspires teams to work together toward a primary goal, setting the tone for the organization's culture.We discuss unconscious ways you might be affecting your culture and your business in a negative way and share some resources that will help you become a better leader for your team.Listen in to understand why it's critical to build your leadership skills to grow something bigger than yourself. Plus, why leadership skills are transferable to every aspect of your life!Topics Covered3 ways becoming a better leader will help you fulfill your business goalsHow to look at your team through the lens of a leaderWhat is the pizza concept for leadershipSolve problems vs. telling people what to doThe 4 main elements of great leadershipWhat does it mean to take radical responsibilityThe ‘90 Second rule’ for overcoming your emotionsWhy it's essential to set the standard for the future leaders on your teamHow to set the tone and communicate the culture of your organizationResourcesExtreme Ownership: How U.S. Navy SEALs Lead and WinThe Dichotomy of Leadership: Balancing the Challenges of Extreme Ownership to Lead and WinThe 15 Commitments of Conscious Leadership: A New Paradigm for Sustainable SuccessCan't Hurt Me: Master Your Mind and Defy the OddsLeadership vs. Authority | Simon SinekHow to overcome STRESSFUL THOUGHTS (90-SEC RULE) | Tony RobbinsSteve Schwab Founder/ CEO at Casago on LinkedInSubscribe to GPFYP on Apple PodcastsGet Paid for Your Pad Email ListLegends X Short-Term Rental AcceleratorSTR Legends MastermindEmail jasper@getpaidforyourpad.com Hosted on Acast. See acast.com/privacy for more information.

Do you want to maximize your Airbnb rental revenue without spending hours adjusting your prices? As Airbnb hosts, we want to set the best price for our listings to both leverage our income and increase our bookings. But how do we do that without a lot of hands-on management? Jeff Breece is the Head of Revenue Management at Beyond, formerly Beyond Pricing. Since 2013, Beyond has been providing STR managers and owners the tools to help them get, grow, and keep more revenue by using automated dynamic pricing for the best price every day. On this episode of Get Paid for Your Pad, Jeff joins me to explain how to put Beyond's dynamic pricing algorithm to work for you to increase the revenue on your listings. He shares the key areas STR business owners should examine when they start using pricing algorithm software as well as common mistakes to avoid. Listen in for Jeff's insight into what variables to consider when setting your base price and the most important metrics to focus on to maximize your revenue. Topics Covered The most important things to focus on when you first start using a pricing algorithmWhat is the most critical listing pricing numberWhy it's vital to know the marginal cost of a night's stay for your listingWhat factors to consider when determining the highest revenue base priceWhat the health score tells a STR managerHow to use the metrics to match your minimum night stays to the marketWhat is the number 1 factor that affects your STR revenue bottom lineHow to fill calendar gaps using incentives without having a 'fire sale'3 factors to account for when using last-minute discountsThe 2 most common mistakes STR hosts make when they begin using BeyondHow your pricing strategies change as you scaleWhy it's not just about revenue, the other highly valuable pieces of the booking puzzleConnect with Jeff BreeceBeyondEmail JeffResourcesTry Beyond free for 30 daysGet Paid for Your Pad YouTube ChannelGet Paid for Your Pad NewsletterLegends X STR AcceleratorSTR Legends MastermindEmail jasper@getpaidforyourpad.com Hosted on Acast. See acast.com/privacy for more information.

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What if you could turn openings on your Airbnb calendar into free marketing? Jordan Kahana is the Cofounder of Stayamo, a platform that connects STR hosts with social media influencers, allowing vacation rental operators to exchange free stays for promotion from top content creators. On this episode of Get Paid for Your Pad, Jordan joins me to explore how Airbnb hosts benefit from working with an influencer, explaining how to use lifestyle photography to market your STR and what to do if your unit isn’t Instagrammable. He discusses why the quality of an influencer’s photos is as important as their follower count and describes how to hold a content creator accountable for delivering on your agreement. Listen in to understand best practices for working with content creators to market your STRs and learn how Stayamo can help you connect with influencers who are the right fit for your Airbnb! Topics Covered How Jordan defines a social media influencer vs. a content creatorHow an Airbnb host benefits from working with an influencer (i.e.: content, exposure, etc.)Using lifestyle photography to market your AirbnbWhy Jordan recommends offering a 2-night window for an influencer to stay for freeWhy the quality of an influencer’s photos is as important as follower countWhat to do if your Airbnb isn’t InstagrammableBest practices for working with an influencer to market your STRWhy Jordan suggests asking influencers to book your unit through AirbnbHow to set up an account and find influencers on StayamoHow influencers benefit from building relationships with STR hosts Connect with Jordan Kahana StayamoResources Legends X STR AcceleratorEmail jasper@getpaidforyourpad.com Hosted on Acast. See acast.com/privacy for more information.