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

Airbnb reported revenue of $1.3B for Q2 of 2021, surpassing 2019 numbers for the same period by 10%. And as people get more and more comfortable traveling again, the short-term rental BOOM is likely to continue.So, what can you do to capitalize on this upswing in the vacation rental market?On this episode of Get Paid for Your Pad, Eric and I explain how the pandemic has helped facilitate STR growth, driving the popularity of unique stays in drive-to destinations. We share our vision for the hospitality brand we’re launching soon and describe how getting clear on what you’re building makes decisions easier. Listen in for insight on scaling a STR management business to fund real estate investments and learn how Legends X can help you take advantage of the BOOM in short-term rentals!Topics Covered How COVID facilitated a BOOM in short-term rentalsPeople rediscovered unique places to visit near homeOption to work/study remotely allowed for travelWhat we see as the next big thing in STRsUnique stays in drive-to marketsHospitality brands Our vision for the travel brand we’re launching soonNature-inspired sites short drives from metro areasExperience-based tiny home + cabin communitiesWhy we recommend starting with a vision for your businessThings fall into place once you know what you wantClarity on what you’re building makes decisions easy What’s unique about our journey to becoming investorsManage other people’s properties (no cash to start)Scale management business to buy real estateWho is a good fit for the Legends X STR AcceleratorCoachable hosts who want to growExcited to be part of community Resources  Hicksville Trailer PalaceLegends X Short-Term Rental AcceleratorOvernight SuccessEric’s Instagram Post on ExpansionGet Paid for Your PadEmail jasper@getpaidforyourpad.com  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

Not only is airbnb used for vacation rentals, many use airbnb to get a better feel of a city when looking into buying or investing there. What if you could gain real estate clients from an airbnb property that is already bringing you in residual income? Cynthia Tant is a real estate agent and broker out of Pensacola, Florida who owns 3 businesses that all work together cohesively. She started investing 30 years ago, becoming a real estate agent 10 years after and has been a broker for the past 11 years.  On this episode of Get Paid for Your Pad, Cynthia joins me to explain how she combines and leverages her real estate business, long term rental business and short term rental business to all feed into each other. She provides insight on the disadvantages and advantages between long term and short term rentals, and what she’s learned through her years of experience. Listin in for insight on leveraging airbnbs to boost your real estate business and success, and get her advice on how she continuously works to improve her businesses. Topics Covered The background of Cynthia’s businesses Had a realtor who was an investor Got started with multi families and historical homesSaw a need for property management from a long term perspective How Cynthia manages to run 3 businessesIs getting better systems in place from Legend XPlanning to make them work well on their own to be able to eventually be able to retire How the free companies work to feed off of each otherAirbnb customers feed into the real estate businessProvides a digital guide book in each unit that sparks an interestThe importance Cynthia finds in prioritizing mastermindsEnjoys having a structured educating environment Uses masterminds to build structure in her businesses and for salesIs looking to build her businesses to have the value to sell in the future Long term vs short term rentalsHas converted all of her long term to short term rentalsManages people in long term rentals and works to convert themPrioritizes short term rentals for herself with the goal to retire Connect with CynthiaGulf Coast BnB RentalsGulf Coast ExpertsCo Author of The Ultimate Guide to selling your homeEmail cindy@move2fla.com Resources90 Day Short-term Rental Accelerator MastermindGet Paid for Your Pad on YouTubeEmail jasper@getpaidforyourpad.com  SponsorHostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

Only 4% of people who buy an online course actually implement the information and get results. But in our STR Legends X Accelerator, we have a 100% success rate.What sets Legends X apart from other online courses? And how can you be part of the unique program?On this episode of Get Paid for Your Pad, Eric and I walk you through the Legends X application process and explain who is a good fit for our short-term rental business accelerator. We describe the benefit of having access to our Legends X Playbook and discuss what aspects of Airbnb hosting are covered in it.  Listen in for insight on how Legends X builds community among students and learn how the program is structured to support you in achieving massive results!Topics Covered The Legends X application processFill out form at https://www.strlegends.com/x Schedule discovery call with team member Who is a good fit for Legends XPassionate about Airbnb and want to growCan’t take on more units without systemsHow the Legends X program is structuredAccountability pods of 8 to 10 studentsHigh-level coach assigned to each podDrip content vs. provided all at once How Legends X builds community among studentsWeekly call with pod and coachDaily engagement on SlackThe benefit of the Legends X PlaybookHelps with onboarding and training teamAllows owner to sell company in future What we cover in the Legends X PlaybookGuest communicationProperty onboardingCleaning managementHiring systems Resources  Apply for the Legends X Short-Term Rental AcceleratorBoardroom MastermindOvernight SuccessJulie GeorgeEmail jasper@getpaidforyourpad.com  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

In the Legends X program, we help students transition from hectic Airbnb host to millionaire short-term rental manager. And in the process, we coaches learn just as much from our students as they do from us. So, what were our top takeaways from leading the first session of our STR accelerator? Legends X Head Coach Julie George started with one Airbnb property in 2016, and in just two and a half years, she built and scaled a property management business of 130 listings and generated $8M in income. On this episode of Get Paid for Your Pad, Julie joins me to share the lessons she learned from working with the 52 hosts in our first round of Legends X, describing the benefits of using dynamic pricing tools and focusing on a specific guest avatar. We explore how Julie avoided becoming a hectic host herself and explain how Legends X helps hosts create the systems they need to take themselves out of the day-to-day as soon as possible. Listen in for Julie’s insight on the results of Legends X she is most proud of and find out how you can get involved in our upcoming free training around the three secrets to scaling a profitable hospitality brand! Topics Covered\How Julie avoided becoming a hectic hostTake self out of day-to-day ASAPKISS (keep it simple, stupid) Julie’s take on the benefit of the Legends X podsHold students accountable to do workProvides community of support What Julie learned from coaching Legends XSensors to monitor noise (e.g.: Minut)Benefit of pricing optimization tools Jasper’s top takeaway from coaching Legends XPower of focus on specific guest avatarOptimize Airbnb listing for that person The results of Legends X Julie is most proud ofHosts get life back, take time offSpend uninterrupted time with family Connect with Julie Million Dollar Host Resources Free Training: From Hectic Host to Millionaire ManagerLegends X 90-Day STR AcceleratorMillion Dollar Host: Julie’s Airbnb Portfolio Earned Over a Million Dollars in Her First Year … Yours Can Too! by Julie GeorgeFrom Hectic Host to STR Legend on GPFYP EP394Sean McGregor on GPFYP EP390NoiseAwareMinutSTR LegendsGet Paid for Your Pad on YouTubeEmail jasper@getpaidforyourpad.com  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

Are you cleaning your own short-term rental units? Responding to guest messages at all hours? Do you have to say no to opportunities to add units because you’re maxed out and just can’t take on any more work? Then you need our free training, From Hectic Host to Millionaire Manager, an interactive event designed to help hosts like you get out of the weeds and build a STR business that scales.On this episode of Get Paid for Your Pad, Eric and I share who will benefit most from our training and describe the advantage of participating in an immersive event like this over a podcast or webinar. We explain what it means to be a hectic host and discuss how the training will help you implement the systems you need to scale your STR business. Listen in to understand the VOS system for becoming a millionaire manager and find out how our event can help you get out of the hectic host position and grow a seven-figure Airbnb business!Topics Covered What it looks like to be a hectic hostExperience running Airbnbs, love STR industry Want to add more units but burned out The goal of our upcoming free trainingGet out of weeds, work ON vs. IN businessImplement systems and team to scaleWhy we’re doing an interactive eventUnderstand info AND have confidence to actStay fully engaged, focus only on training The 5 stages of Airbnb hostingTraditional hostSide hustle hostHectic hostRising starSTR legendThe 3 pillars to becoming a millionaire managerVision Operations Scale Resources From Hectic Host to Millionaire Manager TrainingTony RobbinsLegends X Short-Term Rental AcceleratorEmail jasper@getpaidforyourpad.com  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

The future of travel is in unique experiences. And the more Instagrammable your short-term rental listing, the more likely you are to succeed in the long term.  So, what if you could design your space from the ground up, building your own A-frame, log cabin or tree house to rent out on Airbnb? Alex Jarbo is an Airbnb Superhost out of Asheville, North Carolina, who builds his own unique vacation rental properties. He is also the host of Alex Builds, a YouTube channel dedicated to documenting his journey as a vacation rental developer and manager. On this episode of Get Paid for Your Pad, Alex joins me to explain what inspired him to build his own vacation rentals, walking us through the process of buying land and sharing his checklist of things to consider before you build.  He offers advice on finding the right architect and contractor for your job and working with lenders to finance a STR build. Listen in for insight on navigating county zoning laws to secure the proper permitting for your Airbnb and get his advice for hosts looking to build their own unique short-term rental properties! Topics Covered What inspired Alex to build his own STR propertiesGot into bidding wars for homes on marketRealized could design to be vacation rental The process of buying land to build STR propertiesFind real estate agent specializing in landSecure necessary permitting Alex’s insight around county zoning lawsMake sure land zoned for vacation rentalsCounty website, talk to local authorities Things to consider when you buy land for STRsAccess to state-maintained roadAccess to electricityAvailability of satellite TV/internetAbility to accept septic systemDepth of water well Alex’s advice around finding an architectConnect through FiverrPurchase pre-made plans Alex’s tips for working with contractorsBe sure passionate about unique housesChoose one who communicates wellSet up closing draw or line of credit Working with lenders to finance an Airbnb buildHost Financial (uses AirDNA projections)Use regular home loan, live there for 6 mos. Alex’s advice for hosts looking to build STRsResearch to find perfect landUniqueness of property is key Connect with Alex Alex Builds on YouTubeAlex on AirbnbEmail alexbuildschannel@gmail.com  Resources FiverrAlex’s Video on Finding an Architect for Airbnb BuildsDen OutdoorsHost FinancialAirDNAAlex’s Video on Financing Your STR with a Regular Home LoanHost Financial on Get Paid for Your Pad EP315STR LegendsGet Paid for Your Pad on YouTubeEmail jasper@getpaidforyourpad.com  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

So, your Airbnb side hustle has turned into a full-time job.  You’d like to scale the operation and run a true hospitality company, but at the moment, you’re the only one who knows what to do. And you don’t feel comfortable outsourcing any of the work to someone else.  You’re the epitome of the hectic host, and you’re not sure how to get to the next level. On this episode of Get Paid for Your Pad, Eric and I sit down to discuss the five stages of STR hosting, describing what it’s like to be a hectic host and why it’s so challenging to scale from that position.  We explain how to transition from hectic host to rising star, sharing the three things you need to build a true hospitality brand.  Listen in for insight on creating a vision for your vacation rental company and learn how our STR Business Assessment can help you leave your hectic hosting days behind and take the first steps to becoming a STR Legend! Topics Covered The 5 stages of short-term rental hostingTraditional hostSide hustle hostHectic hostRising starLegend The characteristics of a hectic hostStarting to feel pressure of businessNo documentation, can’t outsourceWant to grow but don’t know howLack of clarity re: vision for brand How to shift from hectic host to rising starDiscipline to document processes Team to move vision forward The 3 things you need to build a STR brandSystemsTechnology People The 3 components of the Legends X frameworkVisionOperationsScale How to use our STR Business AssessmentTake 10-minute quiz to generate scoreGet clarity around what to focus onFree trainings tailored to your business Resources STR Business Assessment STR LegendsOvernight SuccessSean McGregor on Get Paid for Your Pad EP390The FounderBetter TalentThe DISC AssessmentGet Paid for Your Pad on YouTubeEmail jasper@getpaidforyourpad.com  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

If you have dreams of buying properties to list on Airbnb but you don’t qualify for a traditional mortgage, all is not lost! You can still acquire real estate and build a portfolio of short-term rentals by way of creative financing. Isaac Moore and Andrew LeBaron are the Cofounders of Buy More Time, a short-term rental property management company out of Arizona. Isaac and Andrew are also experienced real estate investors who specialize in using creative financing techniques to scale a STR portfolio and helping others do the same. On this episode of Get Paid for Your Pad, Isaac and Andrew join me to share their top creative financing strategies for acquiring Airbnb properties. They explain how to leverage seller financing, hard money or personal lenders to build your short-term rental portfolio and offer advice on using non-qualified mortgage products to purchase properties. Listen in for Isaac and Andrew’s insight on selling a lender on your hosting track record and get their five-step plan for buying your first STR properties with creative financing. Topics Covered How Isaac & Andrew got into short-term rentalsSeller financing deal in Mesa, ArizonaList on Airbnb to earn 3x market rent Isaac & Andrew’s journey to starting Buy More TimeSold lease on first unit for $30KUse profits to arbitrage additional listingsStart property management company Isaac & Andrew’s first seller financing dealTake over mortgage, no money downLease with option to purchaseControl property without ownership Why a property owner would do seller financingLessee makes upgrades to property for STRLessee takes over mortgage payments The note and deed of trust method of seller financingOffer small non-refundable down paymentPay 1% or 2% interest on balance of homePay mortgage (through 3rd-party company) How Isaac & Andrew partner with a personal lender Friend in network willing to loan $30K 6 arbitrage units up and running in 30 days10% interest-only payments for 12 months  The benefit of non-qualified mortgage productsProve rental income with Airbnb statementPut toward purchase of another property The difference between hard and soft moneyHard = at least 10% interest, short-termSoft = 7% to 9% interest, long-term What makes hard money a good tool for STRLenders willing to finance based on ARVRefinance and use equity to buy more unitsNo pre-pay penalties Isaac & Andrew’s 5-step plan for getting startedFind landlord willing to do lease optionFurnish, beautify and list on AirbnbDocument everything to show incomeAsk landlord to deed/seller carry propertyRefinance property with Isaac Connect with Isaac & Andrew Buy More TimeEmail information@buymoretime.com Resources Live Let Thrive PodcastWeststar MortgageGet Paid for Your Pad on YouTubeThe Obstacle Is the Way: The Timeless Art of Turning Trials into Triumph by Ryan HolidayEmail jasper@getpaidforyourpad.com  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

During the pandemic, smart Airbnb hosts focused on making it easy for guests to work from home. But Aaron Hanauer took it a step further and made it easy for his guests to work OUT from home as well! Aaron is an Airbnb Superhost out of Minneapolis, Minnesota. He got into the STR space in 2017, renting one unit of his 1916 Tudor-style home on the platform and investing the profits to add a garden apartment to his STR portfolio soon thereafter. During COVID, Aaron and his wife Colleen focused on the health and wellness niche, adding Peloton bikes as an amenity in their Airbnb units. On this episode of Get Paid for Your Pad, Aaron joins me to discuss the benefits of marketing to Peloton users, explaining what’s special about the Peloton experience and how the bikes have led to a 15% revenue increase. He shares the cost of adding a Peloton to your STR units and describes what he is doing to ensure guest safety in his listings. Listen in for Aaron’s insight on making your Airbnb a health and wellness destination and get his advice on adding smart home gym equipment to your STR strategy! Topics Covered How Aaron got into hosting on AirbnbRent one of three units in historic homeInvest profits in getting second STR What Aaron did to navigate COVIDImprove work-from-home experienceAdd Peloton bikes for guest use Why guests book units with PelotonsDon’t miss workouts while travelingDo rides with friends and family The benefits of marketing to Peloton usersLoyal following of 5.4M membersFree advertising on sites like Pelo Buddy What’s special about the Peloton experienceEngaging instructors, library of classesWorkout at home at any time How much it costs to add a Peloton to your STR$1800 for bike, $39 monthly subscriptionLess than $100/month with financing Aaron’s stats from May through December 202085% occupancy, 16-day average stayAble to raise prices by 15% What Aaron is doing to ensure guest safetyUmbrella insurance policyMust be 16 years old to use bike  How Aaron is creating a wellness destinationAdd strength machine, yoga studioJapanese soaking tub and sauna Aaron’s tips for STR hosts adding a PelotonSecure warranty ($200 for three years)Provide water bottles, disinfectant Connect with Aaron Colleen & Aaron on AirbnbEmail aaronhanauer@gmail.com get_surly on Peloton Resources Christian Gissing on GPFYP EP301PelotonTonalMIRRORPelo BuddyPeloton Hotel FinderTen Thousand WavesWil Slickers on GPFYP EP382Legends XEmail jasper@getpaidforyourpad.com  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.

Airbnb was a crazy saturated space pre-COVID and once the whole world shut down, it caused everyone, including people in real estate to have to majorly pivot and pivot quickly. Now, as some city regulations are slowly being lifted, where do you even start with the market with the way it is right now? How do you manage to do Airbnb successfully when the guidelines have become so strict, let alone grow it into a reliable business during this time? How do you eventually get to a place of holding dozens of units at a time? Michael Kiriazis and Peter Francis, are the founders of Goat Hote, known as the GOAT (“Greatest Of All Time”) of recommendations for food, fun, and experiences in the travel world. Michael and Peter started their management company only three years ago, now with over 60 units across the U.S. In the past 2 years during COVID, they were able to massively pivot from a master leasing model to predominantly a management model. The two have been active members of our Legends X community even before the existence of Goat Hote. On this episode of Get Paid for Your Pad, Michael and Peter join me to explain how they have managed to become a well known Airbnb management company in only 3 years. They not only take me through the ups and downs of their journey, but they also share pieces of advice along the way on how to successfully do what they do. Listen in for Michael and Peter’s biggest pieces of advice on taking advantage of one of the most exciting times in the Airbnb world. Topics Covered How Michael and Peter get started and come up with the brand name of Goat HoteStarted with flipping homes and wanting to make money on themAirbnb was very crowded place at the time, so they wanted to stand out and be the GOATWhere all of the properties are located across the U.SStarted in ChicagoNow in over 10 different marketsHow Michael and Peter manage the 60+ unitsFind the best of the best management/cleaning teamsFound that couples and family owned companies do the best work with the unitsHow Michael and Peter find their management/cleaning teams Reach out mainly through Yelp, Facebook, and turnoverbnb.comUsually give each company around 8 units and shoot to have at least this many units per cityMichael and Peter’s experience losing a bunch of money with their master leases, once COVID hitHad just signed 2, 4 unit apartment buildings in San Diego in February right before COVID (near 10k a month for each lease and 20k in furniture)Lost 90k in about a 24 hour periodWhat Michael and Peter’s goals are for the companyTo own enough real estate assets to eventually use to retire and have the lifestyle they wantTo grow as much as possible and keep growing to different cities, having the chance to sell in the next 5 yearsMichael and Peter’s advice for those who want to grow but are struggling to find new clients Talk to everyone and clients will comeStart with distressed propertiesWhat has been most beneficial for Michael and Peter in  the Legends X program so far Organization and extensible stepsAllowed a place for all the systems in place, helping their VA’s and team as a whole Connect with Goathote.comGoat Stays on InstagramEmail at goathote@gmail.com Resources The 4-Hour Workweek: Escape 9-5, Live Anywhere and Join the New Rich by Timothy Ferriss‘Alive Time or Dead Time. What Will It Be?’ in the Daily StoicThumbtackMatterport Virtual 3D Real Estate ToursStarlinkJulie George on ClubhouseLegends XGet Paid for Your Pad on YouTubeEmail jasper@getpaidforyourpad.com  Sponsor Hostfully [Discount Code PAD] Hosted on Acast. See acast.com/privacy for more information.