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

Listen and learn how Patrick, manager of FAR International Cali, got scammed out of $100,000 in a real estate deal in Cali, Colombia.Patrick’s story and how he lost $100,000Patrick got fed up with sub-urbian life in Denmark and decided to buy himself a motorbike to ride it from the US to Brazil. On his last night in Cali, Colombia, he met a beautiful brown-eyed girl. Fast forward a few years, they settled down in Cali together.Patrick purchased a nice plot of land where he planned to build 18 apartments. The land was situated in an earth-quake zone, which meant he had to take soil samples before starting the construction. Shortly after he began digging, a man came running over claiming the land belonged to his family.Patrick called his lawyers and the police in order to sort out the situation. It turned out that the land indeed used to belong to the man, but now it was in Patrick’s name. However, the person who sold the land to Patrick used a fake ID and took the money. Both Patrick and the land owner got scammed by this person.A legal process has been going on for four years in order to decide who owns the land. The first prosecutor died, the second one got re-assigned and the third one doesn’t have an assistant or an investigator and she has 450 cases open, so Patrick doesn’t expect a ruling to come any time soon, even though the scammer and the transaction have both been identified. He hasn’t recovered a single penny of the $100,000 he invested, which was all of his life savings.After recovering from the shock, Patrick applied for a job at FAR International and soon became a partner in the business, running the Cali department.Other topics* Process of buying real estate in Colombia as a foreigner* Learning lessons from the experience* The “Clinton List”* Due diligence Patrick did before buying the land* How the scammer got away with it* How the introduction of finger prints makes these type of scams almost impossible now* Why Cali is an attractive place to invest* Short term rental regulations in Colombia Hosted on Acast. See acast.com/privacy for more information.

Improve your revenue by using these calendar tricks Hosted on Acast. See acast.com/privacy for more information.

In this news episode I chat with the one and only David Jacoby, president and co-founder of Hostfully. We discuss the topics related to Airbnb that have been in the news recently. Topics include:The cost of Airbnb to New York renters: $616 millionAccording to a new study by city comptroller Scott Stringer, Airbnb caused New York residents to pay an extra $616 million in rent from 2009 to 2016. The study used data from AirDnA to calculate the effect that the short term rental website had on rents. Shortly after the report was published, Scott Shattford, CEO of AirDnA, disputed the conclusion saying that the errors were made interpreting the data. In addition, he couldn't find a payment record of the comptroller's office, suggesting that the data had been obtained illegally. The Best (And Worst) Cities To Make Money On AirbnbUsing data from Airbnb, a website called Homes.com researched the best and worst cities in the US to make money on Airbnb. Instead of looking at absolute dollar amounts, they expressed the profitability in terms of how many days it would take to cover a monthly mortgage payment. According to the study, Ohio is the place to be to rent on Airbnb, featuring the top two cities: Akron and Cleveland. Less than five days per month is sufficient to cover the mortgage in these places. Compare that to places in California such as San Francisco and San Jose, where you would need 23 and 27 days respectively to cover the mortgage. In general it seems that states in the mid-west feature the best opportunities. However, these regions may also see lower demand than the major cities on the east and west coast.  Hosted on Acast. See acast.com/privacy for more information.

Today’s episode is a special one in many ways, it’s the first episode of Get Paid For Your Pad that I recorded live with multiple guests, […] Hosted on Acast. See acast.com/privacy for more information.

It’s that time of the year again, at least for US Airbnb hosts. The tax deadline in 2018 is April 17th. The good news is, if […] Hosted on Acast. See acast.com/privacy for more information.

Today I am talking with Rich Holman, the founder of First American Realty International, a real estate and property management company in Medellin, Colombia. Rich first […] Hosted on Acast. See acast.com/privacy for more information.

It’s time for a change, I’ve been writing and talking about Airbnb since 2014. Back then there was very little information out there and I was […] Hosted on Acast. See acast.com/privacy for more information.

How has Airbnb changed since its inception 10 years ago? And how does the site impact cities like NYC? Hostfully’s Glenn Carter joins Jasper to discuss the new Wachsmuth study and other headlines, including the VC fund that is backing former employees, an inclusive new hire at Airbnb, and GM’s expanded car sharing platform. Hosted on Acast. See acast.com/privacy for more information.

Is there an Airbnb Airlines in our future? Jasper is joined by Nicole Prentice Williams of Hostfully to discuss the company’s ambition to become an ‘end-to-end trip business.’ They also cover the Canadian grandmother suing the platform, the abrupt cancellation of bookings in Beijing, and Danny Glover’s efforts to promote pro-Airbnb legislation in New York. Hosted on Acast. See acast.com/privacy for more information.

This week Jasper and David discuss the big Airbnb updates that Brian Chesky revealed in a live event last week. The updates fall into five different […] Hosted on Acast. See acast.com/privacy for more information.