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

So you’ve invested in a property, finished the remodel, and now you are ready for tenants. Would it be more lucrative to pursue a long-term rental agreement? Or could you generate more revenue by listing the space on Airbnb?Ande Burchfield is an attorney with Burchfield Law, PLLC, serving businesses, non-profits, and real estate investors. Ande has an extensive real estate portfolio of her own, and she was already managing several long-term rental properties when she joined Airbnb in 2012. The vacation rental market in Oklahoma City proved profitable, and she has since expanded her short-term rental business to include three properties in the area. Ande is prepared to explain the formula she uses to determine whether a property is a good candidate for Airbnb, or would serve her better as a long-term rental. She also explains how to evaluate the demand for short-term rentals in your area, as well as the expenses associated with Airbnb that will affect your decision to rent to either travelers or lessees.Topics CoveredThe evolution of Ande’s Airbnb business•Established long-term rental portfolio•Wanted to try Airbnb as experiment•Managed herself first nine months•Created systems, added cleaning staff•Eventually hired property manager•Added two listings•Airbnb now self-sustaining businessAnde’s first Airbnb listing•Duplex on golf course•Remodeled inside•One of better homes in neighborhoodThe Airbnb lessons Ande learned early on•Cater to guest standards (not your own)•Provide blackout curtains for jetlagged guestsHow to determine if demand exists for Airbnb in your town•Hotels point to a need for accommodations•Won’t know until you try•Consider listing on multiple platforms (easy to sync calendars)How to decide whether to offer long-term rental or list property on Airbnb•Compare Airbnb net profit to long-term rental gross revenue potential on traditional one-year lease•Calculate net profit by subtracting Airbnb expenses (mowing, utilities, Wi-Fi, cleaning, management, consumables, wear-and-tear of furnishings, general maintenance) from gross•Consider the neighborhood and tourist presence•Remember that real estate is underlying assetAirbnb’s push to pay cleaners $15/hour•Big cut into profit margin for Airbnb’s in certain areas•Ande pays fixed amount per jobConnect with AndeConnect on LinkedInburchfieldlegal.comResourcesRich Dad’s CASHFLOW Quadrant: Rich Dad’s Guide to Financial Freedom by Robert T. KiyosakiRich Dad Poor Dad: What the Rich Teach their Kids About Money – That the Poor and Middle Class Do Not! by Robert T. KiyosakiCASHFLOW Game AppHomeAwayExpediaBooking.comTripAdvisorVRBOAirDNAgetproperly.com/enConnect with JasperEmail: jasper@getpaidforyourpad.comTwitter: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests! Hosted on Acast. See acast.com/privacy for more information.

‘Another Successful Airbnb Stay’ – said no headline ever.Though it’s a rare occurrence, when something bad happens in an Airbnb, it makes headlines. Unfortunately, an alarming incident took place at an Amsterdam listing this week when guests were late checking out, and an enraged host threw a woman down the stairs – while her friend filmed the confrontation.Jasper is joined by David Jacoby, President and Co-founder of Hostfully, to discuss a better way to handle the situation if guests are late checking out. They also cover a study naming Airbnb the most lucrative of the gig economy platforms, the new regulations under development in LA, and Airbnb’s plans to enter the luxury space in 2017.Finally, David and Jasper answer questions posed by the Facebook group around what consumables hosts should provide. They offer advice about buying in bulk, storing the excess, and offering inexpensive little things that make a big difference. Got a question for the Get Paid for Your Pad team? Email Jasper at jasper@getpaidforyourpad.com!Topics CoveredArticle #1: Airbnb Guest is Hospitalised After Landlord Pushes Her Down Stairs for Failing to Check Out on Time•Host faces attempted murder charge•Incidents like this are rare•Should have tried contacting guest first (call and message through platform)•Then contact Airbnb, local authorities if necessary•Confirm ETA and departure in welcome email•If guests need to checkout late, offer place to store luggageArticle #2: New Rules are Coming for LA Airbnb Hosts•Home-sharing ordinance in development•Will likely require hosts to register•Follows lead of cities like San Francisco, NYCArticle #3: Forget Uber and Lyft, This Is Where to Find the Money in the Gig Economy•Study found Airbnb to be most lucrative platform•84% of gig economy workers make less than $500/month•Airbnb hosts make average of $924/month•Airbnb monetizes asset rather than labor•Unfair comparison, doesn’t subtract opportunity costArticle #4: Airbnb to Launch Higher-End Luxury Service in Late 2017•Acquired Luxury Retreats for $200-300M•Promoting luxury service with celebrity marketingQ: To what extent should I provide consumables to my guests?•Depends upon type of experience aim to provide•Marketing to higher-end, provide additional amenities•Worth investment to buy in bulk, team up with hosts in neighborhood•Have cleaning staff replenish on as-needed basis•Little things go long way (i.e.: transit cards, board games, coffee)•Prepackaged toiletries available, but can be wasteful•Provide small amount of food/drink, lock up excessResources MentionedArticle #1: dailymail.co.uk/news/article-4681974/Male-Airbnb-landlord-hospitalises-guest-push-stairs.html?ito=social-facebookArticle #2:pasadenastarnews.com/business/20170708/new-rules-are-coming-for-la-airbnb-hosts-heres-what-the-city-is-planningArticle #3: skift.com/2017/06/14/airbnb-ramps-up-push-to-get-more-hosts-to-choose-instant-bookingDoorDashPostmatesEtsyFiverrGetaroundHostWellSpacerArticle #4: foxnews.com/travel/2017/07/11/airbnb-to-launch-higher-end-luxury-service-in-late-2017.htmlSlice Connect with JasperEmail: jasper@getpaidforyourpad.comTwitter: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Aviva IQ. Aviva IQ automates messages to your Airbnb guests. It's also free! Hosted on Acast. See acast.com/privacy for more information.

The safe approach to designing your space for Airbnb involves a very clean, sterile look complete with your basic IKEA furniture. But today’s guest prefers to offer his guests a more unique experience, and he personalizes his space with art, board games and a garden. His guide books include stories about how some of the artwork was acquired, and he is currently developing playbooks filled with activities and information catered to a specific type of guest. His ‘outdo yourself’ philosophy allows him to make the most of his Airbnb listings and help his guests feel at home.Joe is an entrepreneur and Airbnb host out of Denver. He grew up in New York City, where he was inspired by the arts and design. Joe has owned several businesses, including a skate shop and a pizza cooking school, and his diverse resume includes stints as a beekeeper and fourth grade teacher. He is world traveler and a real estate guru as well, and today he’s prepared to share how business practices translate to the world of Airbnb.Joe also explains his Airbnb hosting philosophy, how he approaches guest communication, and his tips for providing a custom Airbnb experience. Listen and learn how to personalize the information you provide your guests, becoming a virtual tour guide who helps travelers get the most out of their trip!Topics CoveredJoe’s Airbnb hosting philosophy•‘Closing the gap’•How quickly can I make guests feel at home?•Already enjoying space, experience from initial contactThe two main approaches to Airbnb•Keep it sterile (clean, IKEA furniture)•Add character (art, personal items)How Joe provides guests with important information•Extensive introductory email to eliminate concerns•Includes transportation info, door code, Wi-Fi password, restaurants, etc.•Makes it clear that he is available to answer questions•Link to Google Drive folder with House ManualJoe’s advice around personalizing the information you provide guests•Include points of interest in neighborhood (i.e.: drugstore, bank)•Consider designing playbooks for specific types of guests•What to do if you only have two days in Denver•Street art tour•Skiing or snowboardingJoe’s Airbnb hosting mantra•Always improve because it’s too easy to get lazy•Maintaining = losing•Outdo yourselfThe business practices Joe applies to his Airbnb•Devotes every Wednesday morning to Airbnb•Examine numbers for month, expenses•Schedule repairs, purchase supplies•Update Google Drive folder•Create title slides for each room•Track AirDNA data, compare performanceJoe’s tips for providing a custom Airbnb experience•Provide games for guests on family vacation•Develop standard email for business travelers•Think of yourself as ‘virtual tour guide’•Anticipate guest needs and deliver before they ask•Allow guests to be curious and explore your spaceJoe’s take on greeting guests•Someone should be there to shake hands, open door•Co-host greets if he’s unavailable•Provides personal connection that hotels lackHow Joe approaches communication with guests•Response time should be minutes (not hours)Joe’s most memorable hosting experiences•Mostly positive experiences, guests appreciate ‘character’•German guests required much attention, broke shower – left cursory review ResourcesHostfullyAirDNA Connect with JasperEmail: jasper@getpaidforyourpad.comTwitter: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook. Hosted on Acast. See acast.com/privacy for more information.

‘When you act out of fear, you shrink. When you act out of love, you grow.” –Tony RobbinsAs Jasper turns 40 this week, he is considering how the world views strangers. Rather than assuming the unfamiliar to be a danger or a threat, what if we assumed the best in people until proven otherwise? After all, it only takes one common acquaintance to turn someone from a stranger to a friend.The birthday boy is joined by Margot Lee Schmorak, CEO and Co-founder of Hostfully, to discuss how such a positive outlook supports the Airbnb model. They also cover the top vacation rental headlines in the news this week, including a story about a listing touted as the most unusual Airbnb in Britain and a new augmented reality app that could further improve the guest experience with how-to videos specific to your Airbnb!On a more serious note, Jasper and Margot offer the latest updates on regulations, as Paris joins London and San Francisco in requiring hosts to register with local authorities. And they wrap up with answers to listener questions about using Airbnb photos on multiple platforms and structuring listings for multiple bedrooms. Want your question answered on next week’s episode? Email Jasper at jasper@getpaidforyourpad.com!Topics CoveredArticle #1: This Concept Airbnb App for iPhone is Way Cool•Created by designer Isil Uzum•Uses augmented reality to map apartment•Incorporates videos into house manual•Videos demonstrate how to use appliances (e.g.: coffee maker, thermostat)•Must be made seamless part of experience•Possibility of using AR in choosing AirbnbArticle #2: Is This Britain’s Most Bizarre Airbnb? Guests are Raving About This Caravan … Which is 13 Feet Up a Tree•Rural village in Scotland•Elevated to tree for arthouse film•Only £17/nightArticle #3: Paris Set to Force All Users to Register Rental Properties•Paris is top Airbnb market with 65,000 properties listed•New regulations would require users to register•Seeks to enforce 120-day limit already in place•May become default status quo (registration, limited number of days)Q1: I have two spare bedrooms and one spare bath in my home. Should I establish one, two or three Airbnb listings?•Three – one for each bedroom individually and one for both to accommodate larger parties•Enable Instant Book on two single rooms only (to avoid double bookings)•May change Instant Book settings later based on demand, pricing•Airbnb developing feature to link listings and prevent double bookingsQ2: I am considering listing on multiple platforms. May I use the photos shot by an Airbnb photographer on other platforms?•Photo rights are gray area•Airbnb unlikely to object•Right click and save or take screen shots•Utilize services that scrape images for you•Orbirental facilitates listing on multiple platformsResources MentionedArticle #1:cnet.com/news/iphone-arkit-airbnb-concept-videoAirbnb AR Map ConceptMatterportMagicPlanArticle #2: thesun.co.uk/living/3926820/is-this-britains-most-bizarre-airbnb-guests-are-raving-about-this-caravan-which-is-13ft-up-a-treeArticle #3: skift.com/2017/06/14/airbnb-ramps-up-push-to-get-more-hosts-to-choose-instant-bookingOrbirental Connect with JasperEmail: jasper@getpaidforyourpad.comTwitter: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Aviva IQ. Aviva IQ automates messages to your Airbnb guests. It's also free! Hosted on Acast. See acast.com/privacy for more information.

If you have multiple listings on Airbnb, you might find a little-known feature called the Business Profile very useful. Today’s guest has three properties on the site – a house in Portugal, an apartment in Wellington, and a lifestyle property north of Wellington – and she is prepared to share the basics of the Business Profile as well as situations in which you might make use of it to grow your short-term rental business.Natalie Sisson, also known as The Suitcase Entrepreneur, has lived out of her suitcase since 2010, traveling the world while simultaneously running a wildly successful online business. Natalie is passionate about freedom, and she works on planes and in cafes, turning hotel rooms into podcast studios.Natalie had used Airbnb as a guest for years before taking the leap to become a host. She leverages her experience as a customer to provide a comfortable space for the travelers who book her properties. Today she shares her transition from guest to host on Airbnb, how she went about outsourcing the property management and cleaning duties, and her status as a Superhost. Natalie also explains the function of the Airbnb Business Profile page and how to best take advantage of it.Topics CoveredHow Natalie got started with hosting on Airbnb•Two-bedroom apartment in Wellington•Rented on Airbnb while traveling for Christmas•Shortage of rental properties in area•Listed one bedroom, received regular bookings•Hosted corporate travelers, touristsHow Natalie uses her experience as a guest in preparing to host•Considers how to make room most comfortable•Leaves small gift•Uses white board to share Wi-Fi code, places to eat outHow Natalie outsourced property management and cleaning duties•Posted notice on local university Facebook group•Received 37 messages in 20 minutes•Read through applications•Interviewed three people•Hired experienced employee for $17/hour•Shared checklist through time tracking app•Paid via online bankingHow Natalie cancelled bookings, but kept Superhost status•Long-term lease with tenants in Wellington apartment•Forgot to block past when tenants extended rental agreement•Forced to cancel three bookings in a row•Received notice from Airbnb re: deactivation of listing•Immediately clicked on link to reactivate, answered questions•Still showing as Superhost despite cancellationsThe Airbnb Business Profile page•Minimum of three listings•By invitation only•Groups listings together•Can send as link to potential guestsConnect with NatalieThe Suitcase Entrepreneur WebsiteThe Suitcase Entrepreneur PodcastResourcesThe Suitcase Entrepreneur: Create Freedom in Business and Adventure in Life by Natalie SissonBusiness Profile Discussion in Community Center Connect with JasperEmail: jasper@getpaidforyourpad.comTwitter: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests! Hosted on Acast. See acast.com/privacy for more information.

Airbnb is tooting its own horn this week with the release of a report boasting the positive economic impacts of the platform in the US. The press release aligns with the company’s strategy to work with municipalities as they implement regulations on short-term rentals.Hostfully Director of Marketing, Glenn Carter, joins Jasper this week to review the economic benefits outlined in the report as well as other upgrades to the platform in the news this week, including a pilot program that allows guests to split payments and a premium tier program designed to appeal to the luxury rental market.They also discuss another startup in the space that is expanding its services as Pillow raises funds to launch a building management platform, and the story of a property owner in Barcelona who was forced to squat in her own flat! Finally, Jasper and Glenn answer your questions about cancelling bookings due to a family emergency. Don’t forget to email your questions to jasper@getpaidforyourpad.com!Topics CoveredArticle #1: With $13.5M in New Funds, Pillow Partners with Building Owners to Make Rentals Airbnb-Friendly•Funding to launch Pillow Residential•Platform gives building owners more transparency, allows to share in money generated•Ensures owners, renters comply with local regulations•Building owners know which units being rented and by whom (safety)Article #2: Airbnb Readies a Premium Tier to Compete More with Hotels, Sources Say•Launch new service in luxury rental market•Select hosts in pilot program•Airbnb inspectors verify quality standards•Hosts receive consultation with interior decorator, professional photography for listingArticle #3: Airbnb is Testing a Feature That Would Let You Split the Cost with Friends•Allows guests to split cost among multiple people•Makes booking easier, more accessible•Part of larger game to simplify, streamline experienceArticle #4: Woman Forced to Squat in Her Own Barcelona Flat After ‘Fake Tenant’ Lists Property on Airbnb•Long-term tenant listed apartment on Airbnb•Owner booked property to reoccupy flat, change lock•Reported ‘fake tenant’ to Barcelona council•Faces fines between €60,000 and €600,000Article #5: Airbnb Steps Up Lobbying Pitch to Mayors with New Economic Boast•Airbnb report re: economic impact•Claims $14B in economic output last year•Facilitated 130,000 jobs in US, predicts half a million by 2020•Opponents label report as biased, but economic benefits obvious•Part of ‘play nice’ strategy to appease municipalitiesQ: I have a booking, but a family emergency has arisen. What do I do?•Negative consequences usually associated with cancellation (penalties, ineligible for Superhost status, note on reviews)•Extenuating Circumstances Policy allows for cancellation without consequence in situations out of host’s control (i.e.: unexpected death or serious illness, natural disaster, severe property damage, etc.)•Contact Airbnb to explain, be open and honest with platform and guestResources MentionedArticle #1: techcrunch.com/2017/06/21/pillow-residential-13-5-millionArticle #2: bloomberg.com/news/articles/2017-06-21/airbnb-said-to-ready-a-premium-tier-to-compete-more-with-hotelsArticle #3: skift.com/2017/06/14/airbnb-ramps-up-push-to-get-more-hosts-to-choose-instant-bookingArticle #4: telegraph.co.uk/news/2017/06/24/woman-forced-become-squatter-barcelona-home-fraudster-listsArticle #5: sandiegouniontribune.com/business/tourism/sd-fi-airbnb-mayors-20170623-story.htmlAirbnb Extenuating Circum: stances Policy Connect with JasperEmail: jasper@getpaidforyourpad. Hosted on Acast. See acast.com/privacy for more information.

If you have multiple listings on Airbnb, you might find a little-known feature called the Business Profile very useful. Today’s guest has three properties on the site – a house in Portugal, an apartment in Wellington, and a lifestyle property north of Wellington – and she is prepared to share the basics of the Business Profile as well as situations in which you might make use of it to grow your short-term rental business.Natalie Sisson, also known as The Suitcase Entrepreneur, has lived out of her suitcase since 2010, traveling the world while simultaneously running a wildly successful online business. Natalie is passionate about freedom, and she works on planes and in cafes, turning hotel rooms into podcast studios.Natalie had used Airbnb as a guest for years before taking the leap to become a host. She leverages her experience as a customer to provide a comfortable space for the travelers who book her properties. Today she shares her transition from guest to host on Airbnb, how she went about outsourcing the property management and cleaning duties, and her status as a Superhost. Natalie also explains the function of the Airbnb Business Profile page and how to best take advantage of it.Topics CoveredHow Natalie got started with hosting on Airbnb•Two-bedroom apartment in Wellington•Rented on Airbnb while traveling for Christmas•Shortage of rental properties in area•Listed one bedroom, received regular bookings•Hosted corporate travelers, touristsHow Natalie uses her experience as a guest in preparing to host•Considers how to make room most comfortable•Leaves small gift•Uses white board to share Wi-Fi code, places to eat outHow Natalie outsourced property management and cleaning duties•Posted notice on local university Facebook group•Received 37 messages in 20 minutes•Read through applications•Interviewed three people•Hired experienced employee for $17/hour•Shared checklist through time tracking app•Paid via online bankingHow Natalie cancelled bookings, but kept Superhost status•Long-term lease with tenants in Wellington apartment•Forgot to block past when tenants extended rental agreement•Forced to cancel three bookings in a row•Received notice from Airbnb re: deactivation of listing•Immediately clicked on link to reactivate, answered questions•Still showing as Superhost despite cancellationsThe Airbnb Business Profile page•Minimum of three listings•By invitation only•Groups listings together•Can send as link to potential guestsConnect with NatalieThe Suitcase Entrepreneur WebsiteThe Suitcase Entrepreneur PodcastResourcesThe Suitcase Entrepreneur: Create Freedom in Business and Adventure in Life by Natalie SissonBusiness Profile Discussion in Community Center Connect with JasperEmail: jasper@getpaidforyourpad.comTwitter: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests! Hosted on Acast. See acast.com/privacy for more information.

Can Airbnb have its cake and eat it too? With the company’s efforts to professionalize and provide guests with consistency, some hosts feel that the ‘sharing’ roots of the platform have been diminished. It is possible for Airbnb to function more like a hotel, yet maintain its signature personal touch?Jasper is joined by David Jacoby, Co-Founder and President of Hostfully, to discuss this week’s headlines regarding the Airbnb shift to promote best practices among its hosts, including that of the Instant Book feature – which is being upgraded to allow hosts more control.They also cover Airbnb’s acquisition of Trooly, a background check startup that will help protect users from bad actors and further professionalize the platform. Last but not least, Jasper and David answer listener questions about attracting bookings during low season. Remember, you can email your questions to jasper@getpaidforyourpad.com!Topics CoveredArticle #1: Can Airbnb Professionalize Without Losing the Personal Touch?•Airbnb plays up ‘sharing’ roots•Of 3M total listings – 1M shared space, 1M private, 1M management co.•Push for consistency of experienceArticle #2: Airbnb Tries to Behave More Like a Hotel•Instant Book feature, flexible cancellation policy•Hosts encouraged to upgrade space•Business-friendly tag (privacy, Wi-Fi, 24-hr access, iron)•Must attract different types of travelers to grow•Changes likely part of prep for IPO•Focus on increasing supplyArticle #3: Airbnb Ramps Up Push to Get More Hosts to Choose Instant Booking•Instant Book introduced in 2010, 40% using•Default search (must de-select to see additional listings)•Suite of new tools incentive for hosts to turn on Instant Book•Improved calendar tool for multiple listings in same home (prevents double-bookings)•Gives host more control•Saves step for hosts who rarely turn down guests•With customization, listing process more complicatedArticle #4: Airbnb to Buy Background-Check Startup Trooly to Root Out Scams•Acquisition to protect from bad actors•Authenticates user identities to avoid scams•Could be added to Instant Book features•Improve image in preparation for IPOQ: How do I attract more bookings during low season?•Make listing as attractive as possible•List on multiple platforms•Establish your own website•Consider subletting when demand is low•Explore niche sites like misterb&b, Bud and Breakfast or Innclusive•Reach out to previous guests•Add creative options (i.e.: packages)•Host refugees through Open Homes initiative•Join the Couchsurfing communityResources MentionedArticle #1: fortune.com/2017/06/18/airbnb-professional-personal-hostsArticle #2: nytimes.com/2017/06/17/technology/airbnbs-hosts-professional-hotels.htmlArticle #3: skift.com/2017/06/14/airbnb-ramps-up-push-to-get-more-hosts-to-choose-instant-bookingArticle #4: bloomberg.com/news/articles/2017-06-16/airbnb-to-buy-background-check-startup-trooly-to-root-out-scamsHomeAway, VRBO, 9flatsBooking.com, TripAdvisor, Expediamisterb&b, Bud and Breakfast, InnclusiveOpen Homes, Couchsurfing, Thibault Masson’s RentalPreneurs Article Connect with JasperEmail: jasper@getpaidforyourpad.comTwitter: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Aviva IQ. Aviva IQ automates messages to your Airbnb guests. It's also free! Hosted on Acast. See acast.com/privacy for more information.

Sleep tight. Don’t let the bed bugs bite!As Airbnb hosts, we share concerns around uninvited guests. If those uninvited guests are of the bed bug variety, a whole host of additional problems arise. Today’s guest dealt with a bed bug infestation in his Airbnb and lived to tell the tale!Hostfully Featured Host Mike Clairmont is a professional musician who loves to surf. Two years ago, he got the idea to rent a place on Venice Beach and list the property on Airbnb when he was touring. Within two weeks of posting his listing, Mike had more than half of the summer booked.Mike discovered the Get Paid for Your Pad book and podcast a few months ago, and has since used those resources to take his Airbnb to the next level. Today he shares his journey as an Airbnb host, including the harrowing chapter in which a bed bug infestation temporarily sidelined his business. Listen and learn how to prevent those pesky creatures from infiltrating your Airbnb, and get tips on choosing prime locations for Airbnb property investment.Topics CoveredWhy Mike has had success with Airbnb•Good quality photos from beginning•As traveler himself, knows what people look for•Makes improvements based on reviews (i.e.: painting, carpet)•Surfer theme, location one block from beachMike’s bed bug ordeal•Guest was bitten, sent message to Airbnb•Airbnb cancelled one week of reservations (no other penalties incurred)•Mike found good company to spray•Removed furniture, got new bedframe•Put encasement around mattress•Implemented preventative measures moving forwardHow Mike is working to prevent further bed bug infestations•Sends information to guests (e.g.: don’t put luggage on beds when travel, bed bugs expert hitchhikers)•Provides luggage racks•Vacuums thoroughly, empties bag after each guest•Checks under/around bedframe, mattress every timeMike’s advice for hosts who encounter bed bugs in their Airbnb•Proactively contact Airbnb to avoid penalties•Allow the company to cancel reservations•Keep Airbnb informed of measures takenJasper’s advice around investing in property for Airbnb•US mortgage rates low, now is good time to buy•Research regulations in place and anticipate changes•Get familiar with rules in other large cities (i.e.: Paris, London, San Francisco)•Consider locations where housing shortage not an issue (e.g.: Joshua Tree, CA)•Take advantage of tools to predict returns (AirDNA, Everbooked, Mashvisor)Jasper’s take on regulations enforcement•Even if city not enforcing now, may eventually•Airbnb blocked calendar on property in Amsterdam to complyConnect with MikeAirbnb Host Profilemikeclairmontmusic.comResourcesFeatured Hostfully Host ApplicatonClean Bedroom Organic SheetsHostfully Travel BlogGet Paid for Your Pad: How to Maximize Profit From Your Airbnb Listing by Jasper Ribbers and Huzefa KapadiaAirDNAEverbookedMashvisorConnect with JasperEmail: jasper@getpaidforyourpad.comTwitter: @GetPaidForUrPadInstagram: @GetPaidForYourPad Facebook: www.facebook.com/getpaidforyourpadThis episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests! Hosted on Acast. See acast.com/privacy for more information.

Welcome! Making people feel comfortable and accepted is a focus of Airbnb, and one of the initiatives aligned with this goal is the Open Homes platform. In an announcement this week, the company revealed its intention to house 100,000 refugees in the next five years – 35,000 in Greece alone.Jasper welcomes Glenn Carter, Director of Marketing at Hostfully, to discuss the Open Homes announcement as well as Airbnb’s rollout of a new in-app tool for check-in. They also cover several stories of governments welcoming the economic boost Airbnb provides, while setting parameters regarding its use. Recent headlines include the legalization of Airbnb in Japan, very positive data out of Michigan, and new rules around short-term rentals in Toronto.A new startup called Misterb&b specifically welcomes LBGTQ guests, and our co-hosts debate the pros and cons of niche players fragmenting the market. Jasper and Glenn wrap up with a new Q&A segment that welcomes questions from Airbnb hosts. Listen in to learn how you might convince hesitant family members to list on Airbnb, and how establishing a three-night minimum stay might affect your ranking in search results. Email your questions to jasper@getpaidforyourpad.com!Topics CoveredArticle #1: Introducing a New Way to Check In•Airbnb adding check-in instructions tool•Hosts opt-in to provide clear, visual, in-app guides re: arrival•Provide info once, all guests have accessArticle #2: Toronto Proposes New Rules for Short-Term Rentals, Including Airbnb Properties•Must rent out primary residence•Crack down on commercial operators•Good to clarify legal grey areaArticle #3: Airbnb Gets the Legal Green Light in Japan•Registered hosts allowed to rent up to 180 days/year•Most popular market in Asia-Pacific region•Boosted economy by $8.3B in 2016•Hosting 2019 World Rugby Cup and 2020 OlympicsArticle #4: Misterb&b Raises $8.5 Million to Build the Airbnb for the LGBTQ Community•French startup with 100,000 hosts in 135 countries•Argues that there is room for niche players•If market too fragmented, could get messyArticle #5: This is How Airbnb Will House 100,000 Refugees in the Next Five Years•Open Homes platform connects volunteers with refugee support organizations•Vacation rental hosts specify cause, how often•Airbnb in good position to help (3.5 million listings)•6,000 active volunteers so far, half not existing Airbnb listingsArticle #6: Airbnb to Help Host 35,000 Refugees in Houses Across Greece•Working to find housing for asylum seekers•Run in conjunction with Solidarity NowArticle #7: Home-Sharing Stimulates Michigan Economy•Earned $25M through Airbnb in 2016•Brought 188,000 visitors to stateQ1: How do I overcome family resistance to list on Airbnb?•Familiarize family by staying in Airbnb as guests•Encourage through podcast episodes of hesitant hosts who’ve had positive experiences•Reassure of accountability measures via virtual tour of site (insurance, ratings)•Demonstrate income potential with analytics tool like AirDNAQ2: I want to establish a three-night minimum stay for my listing. Will I be penalized in search results?•Airbnb doesn’t directly ‘punish’ hosts who establish such parameters•Will result in fewer bookings/reviews, which does impact position in search results•Best to start out with no minimum and earn crucial early reviews•Once build reputation, then consider establishing two- or three-night minimumResources MentionedArticle #1:press.atairbnb.com/introducing-a-new-way-to-check-inArticle #2: bnn. Hosted on Acast. See acast.com/privacy for more information.