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

Trying to grow a short-term rental (STR) company in a pandemic might not seem ideal, but the truth is that the industry is blossoming. Believe it or not, there are some tips and tricks that can help grow your business faster than you think. In the case of this episode’s guests, the number of properties increased by 300 percent just last year. Steven Suárez is the CEO of Argest Rentals, a full-service short-term rental management company. He is also the Co-host of Live Let Thrive, a podcast about Airbnb and the sharing economy. His business partner Federico Zimerman is the COO of Argest Rentals and extremely well-versed in the hospitality game, having flown over one million miles, to over 60 countries. Steven and Federico join me for the second time on Get Paid for Your Pad to discuss how they grew Argest Rentals from 15 properties to nearly 50 in 2021 alone. We chat about everything from finding new properties to the benefits and challenges of working virtually with teams of people across the world. Listen in to learn more about how Steven and Federico have structured their business during a large growth period, tips for hiring new people, and establishing trust with new clients that are fresh in the SRT industry.Topics CoveredBackground on Argest Rentals and how they grew their Airbnb’s from 15 to nearly 50 in one yearUsing Upwork to find quality employees for STR businessesUsing WhatsApp to communicate with business partners and teams across the worldThe biggest challenges Steven and Frederico faced as their company started growing rapidlyThe hardships and payoff of building a Virtual Assistant team to cover 24/hour business customer service The power of word of mouth and how Steven and Frederico used that to grow their business in 2021How to work with clients that are new to the industry and establishing trust with themBalancing running an STR business with having a full-time job and when it might be time to quit your full-time jobConnect with Steven and Frederico Argest RentalsArgest Rentals on InstagramArgest Rentals on FacebookEmail argestrentals@gmail.comResourcesGet Paid for Your Pad Email ListSubscribe to GPFYP on Apple PodcastsEmail jasper@getpaidforyourpad.comLearning Lessons from 2020 for Short-Term Rental HostsLive Let Thrive Podcast Hosted on Acast. See acast.com/privacy for more information.

Apply for Legends X at https://www.strlegends.com/x Hosted on Acast. See acast.com/privacy for more information.

Starting your own short-term rental business is probably not going to be an overnight success. So how can you stay motivated to put time into relationship building when you want to grow your business faster?For Jim Odom, it was an overnight success… after a grueling five-year start up period. Jim is the co-Founder of Unveiled Vacation Rentals and runs a property management company, Unveiled Short-Term Rental Management. He doubled the size of his business in January 2022, going from three properties to six, and recently hosted a workshop for over 350 realtors in his market.On this episode of Get Paid for Your Pad, Jim joins me to discuss the importance of bringing value to realtors and property owners in your market.He shares his unique approach to facilitating connections across multiple networks and how Facebook Groups can be an easy tool to do so.Listen in for Jim’s insight on how to quickly grow your network and transition those connections into valuable relationships for your short-term rental properties. Your business’s big break might be just around the corner.Topics CoveredJim Odom’s experience in the Legends X STR Accelerator programThe mutually beneficial relationship between realtors and STR ownersImportant first steps to consider when starting your own vacation rental businessFacilitating connection and bringing great value to those in your market’s networkUsing Facebook Groups to create an online connection network with stakeholders in your marketThe importance of showcasing your voice and authority in your marketConnect with Jim OdomUnveiled Vacation RentalsUnveiled STR ManagementJim on LinkedInResourcesGet Paid for Your Pad Email ListLegends 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.

Networking. Cold calling. Search engine optimization. There are a lot of ways to build your short-term rental business, but how can you succeed in B2B marketing without breaking the bank?On this episode of Get Paid for Your Pad, I sit down with Kimberly Thomas, Founder and CEO of Roam Vacation Rentals, to learn about her experience taking her Airbnb side hustle to the next level by starting her own property management services company.Kimberly dedicates her career to  helping real estate investors manage, scale, and market their STR portfolios. She started Roam Vacation Rentals to offer a wide range of STR management, design services, and consulting to help her clients maximize their return on investment.Listen in to understand the importance of implementing search engine optimization (SEO) strategies, acquiring referral sources, and working with the right people. It’s easier than you think!Topics CoveredKimberly’s experience owning Airbnb properties and growing them into her own businessThe importance of being able to connect with your guest avatarBuilding a consistent growth plan in the STR industryWhy using your personal network, cold calling, and cold emailing are crucial to gaining referral sourcesThe power of having thick skin in the face of rejectionTips for having a successful SEO strategySEO troubles and tips for ensuring you are hiring the right experts to help you optimize your website for searchKimberly’s biggest takeaways from being a student in the Legends X STR Accelerator programConnect with KimberlyKimberly on InstagramKimberly on LinkedInRoam Vacation RentalsResourcesGet a Free Property Income ReportGet Paid for Your Pad Email ListLegends 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.

How should you plan for the growth of your short-term rental business? How do you keep your guest connections personal and successfully scale your business? Is it too late to get into the property rental game? Fresh off a very successful training course, “More Listings, Higher Profits,” Eric and I take the opportunity on this episode of Get Paid for Your Pad to discuss some of the extra questions about the STR industry that we were unable to get to during the live event. We recap the key takeaways from our event, highlighting the most common challenges in the STR industry as well as what you can do to capitalize on opportunities for growth. Tune in for tips on ensuring your properties stand out against the competition, and get our advice on burning questions about the industry from current and aspiring STR owners. Topics CoveredBrief overview of the “More Listings, Higher Profits” training courseCompanies' struggles with the clarity of their business modelsHow hosts can easily fall into hectic business operations without scale and systemsHow many business owners have a desire to grow but do not have actionable plans to succeedConcerns over missing the STR boom and how to get familiar with the industry without owning propertiesBest practices for managing and leading property cleanersUnderstanding the importance of guest avatars and how they can make or break a businessHow to find gaps in the industry that you can fill with unique properties and amenitiesHow to get involved in Legends X Short-Term Rental Accelerator and become a student of the STR industry ResourcesTraining Replay: More Listings, Higher Profits.Get Paid for Your Pad Email ListLegends 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.

The most important thing to consider when making a real estate investment is location. Location not only determines the daily revenue of your property but also the long-term scalability.With over 10 years of experience in online marketing with startups and having built a travel tech startup through a global pandemic himself, Marcus Räder has found time and time again that location is the biggest factor in real estate and especially with short-term rental properties.Marcus is the founder and CEO of Hostaway, an all-in-one vacation rental software solution that provides over 100 solutions for growing property managers. Marcus owns the world’s largest marketplace for vacation rental tools and has a great deal of real estate experience. So, how does he determine the most profitable places to invest in?On this episode of Get Paid for Your Pad, Marcus joins me to share his insight on short-term rental real estate, describing how the market is changing and what to consider before investing in just any area.He touches on what marketplaces to avoid and why, the importance of having a mission and the vision he has for urban areas in the real estate industry.Listen in for Marcus’s insight on what to consider in 2022 when you search for the hottest places to invest in short-term real estate and how to be certain of a property’s long-term scalability.Topics CoveredMarcus’s investment experience in the short-term rental industryWhat to consider before investing in a marketThe relationship between the stock market and vacation rental investmentsWhy you should avoid buying in the top Airbnb marketsMarcus’s insight on investing based on missionThe questions to ask yourself before investing in real estateWhy many cities will be less popular in the upcoming yearsHow particular changes in cities could have a massive impact on certain real estate marketsWhat Hostaway is and what makes it the leading vacation rental software for property managersConnect with Marcus RäderHostawayMarcus Räder on LinkedIn Resources  Get Paid for Your Pad Email ListLegends X Short-Term Rental Accelerator STR Legends MastermindSubscribe to GPFYP on Apple Podcasts Email jasper@getpaidforyourpad.com  Hosted on Acast. See acast.com/privacy for more information.

Completion rates for online courses are as little as 4%. The Legends X Short-Term Rental Accelerator has not only a 100% completion rate but also a 100% success rate!What sets Legends X apart from other courses? How can it transform your short-term rental business?On this episode of Get Paid for Your Pad, Eric and I celebrate the opening of our third Legends X Short-Term Rental Accelerator, sharing how it allows you to successfully build and scale your Airbnb business in 90 days or less. We also touch on the many success stories of business owners in Legends X and take a peek at what it looks like to go through the program. Listen in to learn about the power of Legends X for STRbusiness owners and how it is designed to help you build the foundation and confidence to grow a 7-figure Airbnb business—without all the overwhelm. Topics CoveredWhat the past year has looked like in Legends XOne of the things that Jasper is most proud of about the programThe Property Abundance Plan How you can scale to 100 units without spending any money on advertisingThe key to seeing results in your short-term rental businessThe intentional application process for Legends X and who’s a good fit for the programHow important it is to invest in yourself and your businessClient success stories from Legends XWhat people find to be most valuable about the programWhat it looks like week by week to go through Legends X The priceless community and daily support that you’ll find in the programResources   Matt Durian on Get Paid for Your Pad EP440Rebecca Slivka on Get Paid for Your Pad EP352Christian Gissing on Get Paid for Your Pad EP301Get Paid for Your Pad Email ListLegends X Short-Term Rental Accelerator STR Legends MastermindSubscribe to GPFYP on Apple Podcasts Email jasper@getpaidforyourpad.com  Hosted on Acast. See acast.com/privacy for more information.

Most Airbnb operators would love to buy our own properties. But it’s challenging to get a traditional mortgage for a short-term rental and very few of us have high-net-worth investors in our networks.So, where can we go for funding to grow our STR portfolio? Derrick Barker is the CEO of Nectar, the marketplace for real estate cashflow. Derrick and his team allow experienced, professional STR operators to sell a portion of their future income to get capital now.On this episode of Get Paid for Your Pad, Derrick joins me to discuss the factors Nectar uses to determine how much funding you’re eligible to receive.He explains how Nectar investors buy into a STR cashflow pool to earn passive income and offers advice on the importance of investing in your Airbnb business.Listen in for Derrick’s insight on the process of applying for funding through Nectar and learn how you might leverage Nectar capital to build a team, buy property or improve your existing units!Topics Covered Derrick’s background as an entrepreneur in the real estate spaceHow Nectar allows STR hosts to sell a portion of their future income to get funding nowWhy it’s hard to get a traditional mortgage on a STR property What factors Nectar uses to determine the amount of funding you’re eligible to receive How STR operators use Nectar capital to build a team, buy property or improve existing unitsHow Nectar investors buy into a STR cashflow pool to earn passive incomeThe process of applying for funding through NectarWhy the trend toward longer-term stays in secondary markets is here to stay Why it’s crucial to invest in your short-term rental businessConnect with Derrick BarkerNectar Resources  More Listings, Higher Profits Free TrainingLegends X STR AcceleratorSTR Legends MastermindGet Paid for Your Pad NewsletterEmail jasper@getpaidforyourpad.com  Hosted on Acast. See acast.com/privacy for more information.

The short-term rental industry has grown so much and so fast over such a short period of time. Now, more than ever, many people are trying to grow a short-term rental business and are running into the problem of understanding what to do, what they need to have implemented and when. Before you can understand where you want to go with your business you have to identify where you’re at now. So, what can you do to get clear on exactly where you are in your business journey and how to scale from there? On this episode of Get Paid for Your Pad, Eric and I break down the 5 stages of hosting, sharing how to recognize where you want to be in your business and where you are now so you can make the strategic decisions to move up the stages. We discuss each stage of hosting: the traditional, the side hustle, the hectic host, the rising star, and the legends stage, and the challenges that people experience in each one.  Listen in for insight on how to identify where you are in your business, what to overcome in each hosting stage and how Legends X can accelerate your business, providing the information and systems needed to profit and scale.Topics CoveredWhy the 5 stages of hosting was createdEric’s insight on how the 5 stages of hosting is vital when measuring success in your short-term rental businessJasper’s insight on the hectic host stageThe clarity, awareness, and confidence that Legends X is providing for hosts, allowing them to scaleThe traditional host stage Why the side hustle host stage is becoming more common that the traditional hostThe hectic host stage and why it’s so powerfulEric’s insight on how things change after the 3rd stage and into the rising star stage Jasper’s insight on why the stages aren’t dependent on how many units you haveThe legends stage and why it’s not for everyoneHow Legends X allows you to become profitable and scalable, providing you systems needed to become a legend with your business Resources  More Listings, Higher Profits TrainingThe Joe Rogan PodcastReal Wealth Show Jacko PodcastFundamental Health PodcastGet Rich Education PodcastTony Robbins PodcastGet Paid for Your Pad Email ListLegends X Short-Term Rental Accelerator STR Legends MastermindSubscribe to GPFYP on Apple Podcasts Email jasper@getpaidforyourpad.com  Hosted on Acast. See acast.com/privacy for more information.

In the beginning of 2020, Tia Castle had numerous masterleases but quickly found herself in quite the dilemma when she had no bookings due to the pandemic.During this time she knew she had to make a change, and a big one.Fast forward to today, Tia now manages family-friendly homes in Florida and runs CastleLux Rentals where she helps investors in their journey with vacation rentals. So, how did she go from masterleasing to short-term rentals during a pandemic and what has she learned from this big adjustment?Tia is the founder of CastleLux Rentals, a vacation rental management company that helps investors to pinpoint their Airbnb vacation rental property. Her real estate journey started with her luxury Real Estate reality TV show, "Home and Castle TV"  that was broadcasted in Florida and Canada, showcasing rental properties and their famous owners. On this episode of Get Paid for Your Pad, Tia joins me to share her journey from television production and journalism to managing short-term rentals for families, describing how Legends X STR Accelerator has helped her during the huge transition. She walks us through the transition she experienced not only from her reality TV show to real estate but also from masterleasing to short-term rentals and what she has learned along the way.Listen in for Tia’s insight on finding the right market and rental property for you and the network and opportunities that she has benefited from with the STR Legends community, especially during the struggle of the pandemic.  Topics CoveredWhy Florida is one of the hot spots for short term and vacation rentalsThe changes that Tia has seen in the market in FloridaTia’s insight on choosing where to investHow Tia originally got involved with AirbnbWhat Tia has learned from her past masterleasesThe luxury market and model that Tia is following with modern family-friendly homesThe adjustment from a masterlease model to a management modelTips on making the transition from masterleases to managing homes (delegating, and give the attention needed to the owners, clear communication)How Legends X has allowed Tia to network with people and become apart of a book projectConnect with Tia CastleCastleLux RentalsPreferred ShoreResources  Legends X STR AcceleratorSTR Legends MastermindMore Listings, Higher Profits TrainingGet Paid for Your Pad NewsletterEmail jasper@getpaidforyourpad.com   Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.