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

On this episode Eric and Jasper talk about the biggest Airbnb update in a decade, the 2022 summer release. What are the biggest changes, and what are the consequences for guests and hosts? Listen in and find out! Hosted on Acast. See acast.com/privacy for more information.

Are you looking for another revenue stream for your short-term rental space? Does your property have unique features that would be great for a photoshoot or filming a cooking show? Enter Peerspace the Airbnb for events. Launched in 2014, Peerspace is a global peer-to-peer marketplace that allows you to rent your creative space by the hour for events, meetings, and productions. On this episode of Get Paid for Your Pad, Matt Bendett, the Co-Founder of Peerspace, joins me to share more about the Peerspace concept and some of the unique ways Peerspace hosts are using their spaces. He walks us through everything from cleaning fees to QR codes and everything you need for a great Peerspace listing. Matt says, "The magic for us is when people come together with a great idea. And it gets facilitated because they've entered this really cool space. Every day, every booking, there's a story. It's that intrinsic thing beyond making money itself that a host can be proud of that they were able to facilitate. It's really cool." Listen in as we discuss how the Peerspace platform may offer another revenue stream for entrepreneurs who understand how an online platform facilitates peer-to-peer reservations. We'll delve into how our listeners can combine Peerspace with Airbnb to maximize occupancy and revenue through hourly bookings. Topics Covered ●     How Peerspace differs from Airbnb●     What are the requirements for hosting a Peerspace●     The 3 most popular types of event bookings on Peerspace●     What is the core clientele of Peerspace●     How to combine Peerspace with Airbnb to maximize occupancy and generate more income through hourly bookings●     How many Peerspace listings can you create from your rental space●     How to price your listing to attract the types of rentals you want for your space●     What are major productions looking for in locations for filming●     What amenities are the most requested by people looking for in a Peerspace rental Connect with Matt Bendett and PeerspaceMatt Bendett on LinkedInPeerspaceResourcesSTR Legends MastermindGet Paid for Your Pad NewsletterSTR Profit AcademyLegends X STR AcceleratorGet Paid for Your Pad on Apple PodcastsJasper on InstagramEmail: jasper@getpaidforyourpad.comSponsorSTR Legends Mastermind Hosted on Acast. See acast.com/privacy for more information.

Are tiny homes the solution for our Freewyld experience?The jury is still out!For those of you who may have missed our recent podcast, we are investigating tiny homes as an option to help get our Freewyld community on the road to being completed and profitable much sooner than the estimated timeframes we are receiving from both contractors and counties.If you missed it, you can listen here.On this edition of STR Conversations, Eric and I discuss some of the comments and questions from our listeners about the options available in the tiny homes market right now. We’ll also share some ‌construction solutions being looked at by other entrepreneurs for their own STR spaces in the current economy.Listen in for insight into the different zoning laws for tiny homes and what that adds as far as challenges go. We’ll walk you through a recent experience we’ve had with rising construction costs. We’ll look at how that is affecting our budget and bottom line for Freewyld, and how that’s playing a part as we continue to investigate the tiny homes offering as a solution.We’ll walk through some recently acquired information about lofts in STR spaces and the challenges going in that direction would present and how it would shrink our customer avatar. Plus, we’ll discuss some options to make the experience at Freewyld more appealing to more of our customer base.Topics Covered ●     Why the understaffing and overstuffing in the airline industry will make the driving markets a solid STR investment●     Why our listener Catherine chose to build her tiny homes on-site and how that affects her branding●     How much the cost of construction has gone up on the price for one bathroom for the Schoolhouse●     The challenges the unique zoning laws for tiny homes brings to the table●     Why the loft floorplan in most tiny home spaces is problematic to the STR bottom line●     How the mass production in the tiny homes market might cause incompatibility with the Freewyld stay experienceResources Freewyld Updates: Investigating the Tiny Home Concept for the Freewyld Brand (Ep465)DEN OutdoorsGet Paid for Your Pad Email ListGet Paid for Your Pad on Apple PodcastsFREE Airbnb Starter GuideSTR Legends MastermindSTR Profit AcademyEmail team@overnightsuccess.ioSponsor STR Legends Mastermind Hosted on Acast. See acast.com/privacy for more information.

Francisco Arango is an old-school host with over 5000 5-star reviews on his combined Airbnb accounts. He reads and responds to all his feedback because he cares about his guests, learning from and applying it to improve his product and keep things top-notch. Francisco joined me on the show back in 2018, and at that time, he was formulating his plan to begin buying run-down motels to convert into Airbnb’s. Currently, he and his team have 35 doors in operation, with 70 more rooms being rehabbed right now. On this episode of Get Paid for Your Pad, Francisco joins me to share his experience working on these properties and the biggest lessons he’s learned along the way. He explains the journey to financing a business model of this type, the curse, and the blessing behind the Covid pandemic, and how he got his family involved. He shares his unique approach to team building and the high value he places on his company’s culture. Plus as a member of STR Legends Mastermind he’ll share what he’s most looking forward to learning and his reason for joining the group. Listen in for Francisco’s strategy for making his listings stand out, why he’s not concerned about a downtick in the economy, and his advice for entrepreneurs hoping to succeed in the Airbnb ownership model! Topics CoveredWhy having a plan and a vision is so crucial for your projectHow the revenue from his renovated projects is helping him secure future financingThe one mistake a lot of entrepreneurs make in the Airbnb gameThe one policy that has helped Francisco with contractors during this post-pandemic pushHow to make working with architects and contractors more efficientHow Airbnb gets it right when it comes to the STR customerHow Francisco is empowering the members of his team to create a friendly can-do culture Connect with Francisco ArangoFrancisco's Profile on AirbnbFrancisco on LinkedInResourcesThe Infinite GameChip ConleyThe Power of Karmic Capital with Chip ConleyGet Paid for Your Pad NewsletterSTR Profit AcademyGet Paid For Your Pad on Apple PodcastsEmail jasper@getpaidforyourpad.comSponsorSTR Legends Mastermind Hosted on Acast. See acast.com/privacy for more information.

There are just a few spots left open in the STR Legends Mastermind!The STR space has changed and evolved in the past two years. We’ve gone from not knowing if the industry would survive the pandemic to industry movers and shakers growing from 50 units to 500. There are more professional operators, companies, and entrepreneurs than ever in the STR space, which means more people to network with and learn from.Those changes have shaped the vision of the STR Legends Mastermind and inspired us to take both the live events and the virtual masterminds to the NEXT LEVEL.Listen in to this episode of STR conversations as Eric and I break down our vision for the STR Legends Mastermind. We’ll take you behind the scenes for a look at who has joined us so far to give our listeners a feel for the mix of unique investors that will be in the room with us in Oaxaca, Mexico, June 16th - 20th, 2022.We also bring you up to date on the exciting NEW things we’re doing, including the relaunch of our YouTube channel to document the journey of our Freewyld brand. Plus, I share a money-saving tip for those getting ready to book their ticket to Mexico.Topics CoveredThe purpose of the STR Legends MastermindThe 3 types of short-term rental business owners the STR Legends Mastermind is designed forHow participants in previous STR Legends Masterminds have partnered to create bigger brandsWhy the connections in a mastermind are more worthwhile than Facebook groupsHow advice from the mastermind saved one participant thousands of dollars and helped him better utilize the skills of the key players on his teamThe biggest benefit of spending one-on-one time with legends in the STR industryResourcesSTR Legends MastermindPrior STR Legends Live Mastermind Retreat Get Paid for Your Pad EP278Matt Durian on Get Paid for Your Pad EP440Christian Gissing on Get Paid for Your Pad EP301Hicksville Trailer PalaceThink and Grow RichFREE Airbnb Starter GuideGet Paid for Your Pad Email ListSTR Profit AcademySubscribe to GPFYP on Apple PodcastsEmail jasper@getpaidforyourpad.comSponsor STR Legends Mastermind Hosted on Acast. See acast.com/privacy for more information.

How does a short-term rental entrepreneur grow from two to 100+ Airbnb units? And then leverage the cashflow from that business to buy a boutique hotel? Rebecca Slivka is the cofounder of boutique hotel Hicksville Trailer Palace and STR management company Pillow and Coffee. Rebecca got her start on Airbnb in the Los Angeles market, scaling the rental arbitrage model to a portfolio of 100+ units. Today, she serves as a coach for our STR Legends X 90-Day Accelerator. On this episode of Get Paid for Your Pad, Rebecca joins me to discuss her expertise in leveraging VAs to grow a STR business and describe how she used the revenue from master leasing to invest in Hicksville Trailer Palace. She explores what differentiates the STR Legends Mastermind from other Airbnb conferences and explains how she benefitted from being a part of the first Legends live event. Listen in to understand how Rebecca’s Legends X students grow so much in such a short period of time and get her best advice for small operators looking to make Airbnb their full-time income! Topics Covered How Rebecca got her start with rental arbitrage and scaled to 100+ unitsRebecca's expertise in leveraging VAs to grow a STR businessRebecca's insight on using cashflow from STRs to invest in real estateThe collection of vintage trailers and other funky units at Hicksville Trailer PalaceThe process of buying Hicksville and how Rebecca benefitted from putting the deal together during the first STR Legends MastermindRebecca's experience coaching Legends X and how her students grow so much in such a short period of timePillow and Coffee's mission to help small- and medium-sized STR operators growRebecca's intention to grow Hicksville and create 'ridiculous, remarkable experiences' for guestsWhat differentiates the STR Legends Mastermind from other Airbnb conferencesRebecca's advice for operators looking to make Airbnb their full-time income Connect with Rebecca Slivka Hicksville Trailer PalacePillow and CoffeeEmail rebecca@pillowandcoffee.comResources STR Legends MastermindLegends X STR AcceleratorRebecca on Get Paid for Your Pad EP285Michael Gerber InterviewThe E Myth: Why Most Businesses Don’t Work and What to Do About It by Michael GerberTony RobbinsEmail jasper@getpaidforyourpad.com Hosted on Acast. See acast.com/privacy for more information.

We’ve run into some construction challenges that could delay our Freewyld project by up to two years.A massive boom of people moving out of the cities into the mountain areas like Idyllwild, California, has caused a six to 12 month back up of both contractors and counties. By the time we find an architect to design the cabins we want for our Freewyld space and then go through the approval process, find a contractor, and start building, it’s going to stretch our construction process out considerably.So, we decided to investigate some other options that will get our project back on the road to being completed and profitable much sooner.On this edition of STR Conversations, Eric and I discuss how we might be able to use prefab tiny homes to decrease the timeframe that the Freewyld community is shut down.Listen in for insight into the trends in tiny homes and prefab buildings. We’ll walk through the options available in the market right now, plus the risks vs. rewards. I offer my experience and insight into what works in tiny space living. Plus, Eric presents the drawbacks and the advantages of this type of building for the Freewyld brand and our customer avatar. Topics Covered●     A background lesson in tiny home specifics and culture●     The difference between a cabin community and a tiny home community●     How some companies are leveling up the tiny home●     How much do you save by building a prefab tiny home●     What about the longevity of a prebuilt tiny home●     How does buying prebuilt save money●     The 3 biggest downfalls of prefab tiny homes●     What are the benefits of cookie-cutter vs custom-built tiny homes●     How the approval process differs between tiny homes vs. properties with a foundation●     How to take advantage of indoor-outdoor living to create an awesome experience for our guests●     Jasper shares the 3 biggest advantages of a tiny home if it’s done right●     What types of customizing are possible within the tiny home manufacturing specifications●     Eric discusses how we could stay true to the brand archetype of Freewyld using tiny homes Resources KristiewolfeLiberation Tiny HomescitizenMFREE Airbnb Starter GuideGet Paid for Your Pad Email ListSTR Legends MastermindSTR Profit AcademySubscribe to GPFYP on Apple Podcasts Email team@overnightsuccess.ioSponsor STR Legends Mastermind Hosted on Acast. See acast.com/privacy for more information.

We can all agree we need to conserve energy to save money as heating costs soar out of control.But how can we do that while also impacting the environment, the climate, and our future?Becoming an Airbnb host was the last thing photographer and science writer Nathan Welton saw himself doing. He got into the business by accident, with his first review being a one-star. Even so, he suddenly found himself booked months in advance, reinvesting every dime he made into his properties before moving into starting a management company. Nathan Welton is the owner of The Wolf Rentals, a vacation rental management company born from a need for quality, hands-on cooperative vacation rental management in beautiful Estes Park, Colorado. The Wolf Rentals officially launched in 2020, quickly scaling to 25 properties within a year.On this episode of Get Paid for Your Pad, Nathan joins me to share his vision for his custom a-frame Airbnb community and his hopes to drive change through Airbnb.Listen in for Nathan’s insight on how we can spread change in how we think about our natural resources, our climate, and our future while giving back as much as possible and changing lives. Topics Covered●     How Nathan’s history as a science writer affects his vision of his Airbnb business●     What triple bottom line means and how it shifts the focus away from the profit only business model●     How we can use small positive changes to help people make better decisions●     How Nathan is using biophilic design concepts in his Airbnb community to improve lives●     Passive housing design can reduce the cost of living for lower-income families●     How AI technology can ‌heighten awareness about the energy we use●     Feeding a woodstove taught Nathan about the consequence of energy use●     Bringing the beauty of the outdoors inside can shift people's mindsets●     What led Nathan to where he is now and what prosperity means for him Connect with Nathan WeltonThe Wolf RentalsResources STR Legends MastermindKLM Royal Dutch AirlinesGet Paid for Your Pad NewsletterSTR Profit AcademyLegends X STR AcceleratorGet Paid for Your Pad on Apple PodcastsEmail jasper@getpaidforyourpad.comSponsorSTR Legends Mastermind Hosted on Acast. See acast.com/privacy for more information.

Gas prices are currently up 50% from last year, and it doesn’t look like they will level off anytime soon. After we faced off with the pandemic are rising gas prices the next hurdle that will trickle down into the SRT industry?At first glance, it would seem like the right answer would be a resounding yes. But there’s actually a lot more data that goes into determining if rising prices are going to trip up the travel industry. On this edition of STR Conversations, Eric and I sit down to discuss AirDNA’s report, How Rising Gas Prices May Influence Airbnb Travel Trends.We’ll cover the average amount of miles a guest travels to their Airbnb and we explain which places and types of accommodations will do better as travel becomes more expensive. Listen in to get a broader sense of what’s happening, and at what point the higher gas prices might start impacting your bottom line. We share the data you need to quell your anxiety about the things you can’t control so you can focus on what you can, so you can determine what decisions you need to make for your business. Don’t forget we’re organizing our first in-person mastermind retreat in Oaxaca, Mexico, from June 16-20th. This is the last week to apply for early bird pricing, so if you want to learn more be sure to visit STR Legends Mastermind.Topics CoveredHow being prepared helps you respond to intense situations in business and in life Are rising travel costs going to make people choose rental locations closer to homeWhich rental markets you want to be in based on the current record-breaking gas prices What we should focus on instead of average cost per propertyHow gas prices affect you depending on your average ADRWhy leaning into what you can control will give you a better outcome no matter what gas costsHow to determine when the higher gas prices will impact stays and your bottom lineResources   Tim Kennedy Sheepdog ResponseTim Kennedy on InstagramHow Rising Gas Prices May Influence Airbnb Travel Trends on AirDNABrian Chesky on InstagramBrian Chesky on TwitterGet Paid for Your Pad Email ListFREE Airbnb Starter GuideSTR Profit Academy Email jasper@getpaidforyourpad.com  Sponsor STR Legends Mastermind Hosted on Acast. See acast.com/privacy for more information.

One of the hardest things about establishing new short-term rental properties is deciding on the direction of the interior design. It’s often overlooked, but it’s crucial to the integrity of your brand. So why do it alone? There are tons of awesome companies out there to help you achieve your interior design dreams and bring your property to the next level.On this episode of STR Conversations, Eric shares his biggest lessons learned on establishing strategies for interior design and renovating short-term rental properties. Eric discusses his new company launched with Jasper, Freewyld, and their goals to renovate four properties while also managing the difficulties of being understaffed. Listen in to learn what resources Eric recommends for designing your short-term rental and how to get involved in the Legends Mastermind program. Topics CoveredHow Jasper and Eric started their company Free Wild and have begun their first project in CaliforniaHow Jasper and Eric are preparing to renovate four properties with Free Wild while also navigating struggles with being understaffedThe 4 phases of the renovation processWhy having a clear vision and patience is crucial to a project’s successWhy establishing interior design strategy is an important first step in renovating and creating new propertiesWhy Eric is considering using Den Outdoors as a partner for new tiny home projectsEric’s recommended resources for designing your short-term rentalThe upcoming Legends Mastermind event in Mexico and the requirements to qualify for the programResourcesGet Paid for Your Pad Email ListLegends X Short-Term Rental AcceleratorSTR Legends MastermindSubscribe to GPFYP on Apple PodcastsFree Airbnb Starter GuideEmail jasper@getpaidforyourpad.comDen OutdoorsModsy Online Interior DesignYardzen Online Landscaping DesignFulhaus Interior DesignFollow Eric on InstagramFollow Jasper on Instagram Hosted on Acast. See acast.com/privacy for more information.