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

Every day for an STR entrepreneur is filled with numerous tasks, some of which consume the time you could spend growing your business using your unique skills.

If only you could get the low-level projects off your plate, freeing up your time to focus on taking your business to the next level.

You can if you hire a virtual assistant (VA).

It's easy to hire a VA. But it's not always easy to hire the right one, assimilate them into the culture of your business, and then keep them as a part of your team while growing their role.

Most hosts don't have a plan for any of it, so they end up in the cycle of hiring and firing VAs until they throw in the towel and decide working with a VA isn't working.

It doesn't have to be that way.

On this episode of STR Conversations, Eric and I are announcing a special FREE step by step training we are dropping next week and share how you can be a part of it for FREE.

We'll walk you through some of the most common mistakes STR hosts make when hiring and working with VAs and what we learned from some of our own (not-so-successful) experiences.

Listen in for a preview of the upcoming training as we share everything from the types of tasks a good VA can take over for you, to where to find the right hire and how to ensure your partnership will be successful.

If you are interested in hiring a virtual assistant or you want to work better with yours, the FREE Step-by-Step Plan to Hire, Train, and Retain the Perfect Short-term Rental Virtual Assistant is coming Monday, September 19 at 1:00 Pacific. Sign up here!

• How do you know if you are ready to hire a virtual assistant
• The most common mistakes people make when they first start a partnership with a VA
• The truth behind why your partnership with your VA isn't working
• The BIGGEST challenges of solving your VA hiring issues
• What you need to do before you hire your first Virtual Assistant
• How to test your systems to be sure they are ready for action
• Why you need to create your systems NOW (and how to use FREE software to do so)
• The #1 reason virtual assistants leave
• Where to find your first top-quality hit-the-ground running virtual assistant
• How to successfully onboard your new VA team member to set them up for success
• Detailed strategies to help your VAs feel like the talented team members they are

Virtual Staff Finders

4 Hour Work Week

The 15 Commitments of Conscious Leadership

Legends X Short-Term Rental Accelerator

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Legends X Short-Term Rental Accelerator

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Right now, many property owners and managers are looking into ways to expand their bookings for the slow season ahead.

So, how can we monetize our rental spaces outside of Airbnb and expand our bottom lines?

Jackie Nedin is the CEO of PHX STAYS, specializing in Arizona vacation rentals and boutique style management with properties in Chandler, Phoenix, Gilbert, Tempe, Mesa, Queen Creek, Sun Lakes, and Scottsdale. With award-winning interiors and details that celebrate what’s unique about every city, PHX STAYS is bringing enriched experiences to their guest and property owners.

On this episode of Get Paid for Your Pad, Jackie joins me to talk about how a bad month for her STR properties, combined with an email from Get Paid for Your Pad, led her to try listing her properties on Peerspace.

She shares the unique features of her most popular property and how her ‘drive right in’ spirit led her to a $6K return in one month from the Peerspace site.

Listen in as Jackie shares the types of events for which her spaces have been used and what kinds of rentals work best in the Peerspace marketplace. Plus, her advice for those in the STR space looking to list their properties on Peerspace.

• What prompted Jackie to get into the STR space and Peerspace
• What niches work best with Peerspace
• Why not every space is a good fit for Peerspace
• The array of uses Jackie’s properties have been used for through Peerspace
• How rates and reviews work with Peerspace
• The most important things to consider when you want to use your properties within Peerspace
• What types of spaces are photographers looking for photoshoots
• How Peerspace has changed the types of rental properties Jackie is seeking to invest in
• How to get repeat guests on the Peerspace marketplace
• Jackie’s advice for those looking to get into the Peerspace model
• How Jackie and her team are planning to go forward with Peerspace

PHX STAYS

PHX STAYS on Instagram 

Peerspace

How to Rent out spaces for events on Peerspace (EP470)

Legends X STR Accelerator

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Legends X Short-Term Rental Accelerator

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"The people who are crazy enough to think they can change the world are the ones who do." — Steve Jobs

Every single human has the same number of hours in a day.

But high-achieving enterprising individuals such as Kevin Hart, Elon Musk, and Tim Kennedy seem to make better use of their time, exploring what's next while investing in the now to make the impossible possible.

So, what's the difference between them and you and me?

It's all about the decisions we make!

On this episode of STR Conversations, Eric and I discuss the 3 things you need to achieve more significant results in your business and life with less effort.

We'll share an update on the hotel purchase process, and our recently discovered insight into the two-pronged challenge of buying existing STR properties or other businesses.

Tune in as we discuss what you need to focus on to achieve the biggest ROI on your investment in your business. We'll walk you through the 2 qualities the most successful people share and delve deep into how you too can obtain your true vision for your business.

Listen in as we share the key components of the host vision map and the steps to take to make it a reality. Plus, we share some success stories from our Legends X students and offer tips for our listeners on celebrating your wins to help you stay the course to your success.

Class 5 of Legends X begins October 17th - Right now, we're offering a $500 discount on the program for fast action takers. APPLY NOW!

• The key difference between acquiring real estate and acquiring a business
• Why it's VITAL to determine your end goal or exit strategy in the beginning (especially when working with investors)
• The 3 things you need to build BIGGER for the future
• Where you get the biggest ROI on your investment in your business
• Why the vision pillar is the first pillar of the Legends X program
• The key components of the Host Vision Map
• What consistency really requires
• How celebrating the small wins can keep you on target on your trek toward your BIG goals
• How to formulate a holistic approach to obtaining your BIG vision

American Glutton

Legends X Short-Term Rental Accelerator

FREE Airbnb Starter Guide

Get Paid for Your Pad Newsletter

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Review Get Paid For Your Pad on Apple Podcasts

STR Legends Mastermind

Email [email protected]

Legends X Short-Term Rental Accelerator

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"Even though 99% of retail happens on screens or shelves, those aren't where the real moments are. The real moments are in native settings."— Marc Hostovsky

Thousands of advertising dollars are spent on Facebook, Google, and Instagram pop-ups and influencers to create meaningful moments with products.

However, all of it still misses the mark on the end-user experience.

Hosts have a lot of value in this attention economy, and they're not getting credit for it. But my guest is out to change that.

Marc Hostovsky is the founder of Minoan, a platform where hosts can purchase furniture and amenities at a 30 to 60% discount and then make the items shoppable for their guests and earn a commission.

On this episode of Get Paid for Your Pad, Marc joins me to talk about how his background in retail gave him the idea for Minoan. He'll walk us through Minoan's unique marketing partner relationship with some of the top brands in the home furnishings space.

We discuss how to use higher-end furnishes and appliances to create a more cohesive look for your brand and a more unique (and memorable) guest experience—a win-win for both sides of the equation. 

Listen in as Marc shares some of the brands they are currently working with, their plan for future expansion, and how working with them can change the economics of your STR business.

Plus, Get Paid For Your Pad listeners can get a $25 credit for signing up with Minoan today!

• What's the fastest‌ growing segment in hospitality
• Marc walks us through how the idea for Minoan clicked for him
• Where you should invest in the higher quality furnishings for your rental spaces
• Where the best product experiences happen for consumers
• The value of STR hosts in the 'attention economy'
• The benefits for brands to have items in your rental property
• The 2 biggest benefits of working with Minoan to furnish your STR listings
• How the commission structure works for hosts partnering with Minoan

Minoan

Marc on LinkedIn

Get a $25 Credit on Your First Order with Minoan

Legends X STR Accelerator

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STR Legends Mastermind

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Legends X Short-Term Rental Accelerator

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The STR industry is changing. With more investors, bigger companies, and new laws cropping up daily investors (like us) are asking what the best way is to scale?

For us, the answer is turning our focus to buying properties you can legally run as short-term rentals forever.

The biggest opportunity in our industry right now is acquiring old vacation rental communities to convert into modern short-term rental experiences.

But how does the process for acquiring these properties work?

On this episode of STR Conversations, Eric and I discuss why the next natural phase in the STR business is acquiring boutique hotels.

We'll walk you through our search for the 'right' property, how we found the property we are working on acquiring, and the features that make this hotel perfect for adding to the Freewyld portfolio.

Tune in as we discuss the steps in the hotel purchasing process. We share the scenarios and analysis process we used to develop our offer, how the due diligence process works, and what we're learning through this transaction.

Listen in to learn the most important things to keep in mind when working deals to purchase hotel properties. Plus, a behind-the-scenes look at how we plan to integrate this property into our Freewyld brand.

•  
• The big shift in the current real estate market that's increasing investment buying power
• Why it's vital to look at now but also look ahead when investing in STR properties
• How we used the property abundance plan to build the relationships that led to this opportunity
• The 2 BIG perks with this property for immediate cash flow and next-level income for our brand
• The benefits we offered to the seller to make the transaction go smoothly on both sides
• How this purchase will affect our staffing needs (hint: we'll remain 100% remote)
• The most critical aspects of due diligence when working bigger deals like these
• What the numbers for this property look like now vs. the potential
• Why markets where you can maintain higher occupancies are the biggest opportunity for STR investors right now

Legends X Short-Term Rental Accelerator

STR Legends Mastermind

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Legends X Short-Term Rental Accelerator

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Online Travel Agencies (OTA) spend millions in marketing and advertising to drive online searches to their websites.

A great thing for STR hosts. Or is it?

It’s dangerous to have all your STR hosting business on a site you don’t own.

But it can be just as risky to go 100% in direct bookings.

So how can you be sure you have a healthy mix of OTA and direct bookings? And how can you drive more direct bookings to expand your brand?

Mark Simpson is the founder of Boostly and the host of The Boostly Podcast. As one of the top consultants in the STR industry, Mark has worked with thousands of hosts to help them increase their direct bookings and build better websites and marketing campaigns.

On this episode of Get Paid for Your Pad, Mark joins me to walk us through how to diversify your bookings to maximize your income.

He’ll walk us through the 3 main strategies you can use to drive your guests to book with you directly, plus ways to use the personalization options on Airbnb to boost your brand and your direct booking book of business.

Listen in to learn how to make the visibility of the OTA booking sites work for you instead of against you and why it’s vital to build your STR business on ‘your own land.’

Mark shares how you can find out your direct booking marketing score for FREE, plus an opportunity for one of our listeners to win a personalized marketing consultation!

• Why you need a healthy mix of direct and OTA bookings
• How to make the visibility of the OTA booking sites work for you
• The biggest mistakes hosts make when they start with direct bookings
• How to use your Airbnb listing to engage bookings on your brand’s booking website
• The one question to ask your former guests to land more bookings
• FREE ways to use social marketing in your niche for more visibility
• When to use OTA and when to use direct bookings in your STR hosting journey
• How to find out your direct booking score

Boostly

Mark on Instagram

Find Out Your Direct Booking Marketing Score

Kristen and Michael

How To Use Email Marketing To Drive Bookings (EP. 332)

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In this influencer-fueled world, we are constantly told that we must hit certain milestones to be a 'real business.'

But the truth is, out of the 28 million companies in the United States, only 4% ever reach $1 million in revenue. And from there, only about 1 in 10 makes it to $10 million in revenue.

Scaling requires an intentional focus on the "four major decision areas every company must get right: People, Strategy, Execution, and Cash."

So, how can you scale your STR business and achieve the growth you envision?

We've just started reading Scaling Up: How a Few Companies Make It...and Why the Rest Don't

with the STR Legends Mastermind, and it's already been influential for our team.

For the next four months we will devote an episode of Get Paid For Your Pad to going through the book's different sections, "People, Strategy, Execution, and Cash."

On this episode of STR conversations, Eric and I share some of our key takeaways from the people section of Scaling Up.

Listen in for an overview of such topics as the difference between a good manager and a great manager and how to hire the right people for every role on your team and then help them play to their strengths and grow.

We share what an A-player is and what they bring to your team. Plus, the one thing that will make or break the success of every aspect of your company.

• Why you need to get clear on exactly how many listings YOU need to get to where YOU want to go
• Why it's so important to solve your team management issues in the beginning
• How Scaling Up can help your business no matter what stage you are in
• The most important aspect of scaling your business
• How big your team really needs to be
• Why it's so important to step up as a leader in your company to scale
• The 2 most significant tests each member of your team needs to pass
• What slows down the growth of a company
• How many people have to apply for your position before you find your A-team player
• The key to hiring A-players at every level of the company
• Why accountability will make or break the success of your company
• How to determine if your strengths as a leader are hindering your company's growth

Scaling Up: How a Few Companies Make It...and Why the Rest Don't

Traction: Get a Grip on Your Business

The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses

FREE HOST ASSESSMENT: Grow Your Airbnb Business

APPLY NOW for the Legends X STR Accelerator class beginning October 17!

FREE Airbnb Starter Guide

Subscribe to GPFYP on Apple Podcasts

Email [email protected]

Legends X Short-Term Rental Accelerator

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"In the summer of 2014, we were in Vegas, trying to figure out how to sell more books, so we decided to start a podcast. We bought a mic and messaged a host we knew to interview for Episode 1."—Jasper Ribbers

That impulsive decision led to the long running Get Paid For Your Pad podcast, with over 1.3 million downloads.

Today we are celebrating a milestone—the 500th episode!

On this edition of STR Conversations, Eric and Jasper are switching seats, with Eric talking over the mic for an interview with Jasper.

From the "Traveling Dutchman" travel blog to the Get Paid For Your Pad book, Jasper shares his journey to the successful Get Paid For Your Pad podcast. 

Listen in for a glimpse behind the scenes of the podcast, the biggest challenges on the journey to Episode 500, and the #1 key to the show's success.

From the mom-and-pop hosts to the biggest titans in the industry, Jasper shares his favorite episodes and the life changing lessons he's learned from his guests along the way.

Plus, he shares the story of Brian Chesky's famous tweet about the catchy Get Paid for Your Pad jingle and why it's here to stay!

Listen in to this inspirational episode for tips on how to grow your influence and establish yourself as an expert in your own market.

Are you a longtime listener of the show? We'd love to hear from you! Let's surprise Jasper with some new reviews to celebrate the 500th Episode of Get Paid For Your Pad!

• Why consistency always beats experience in the race for success
• Jasper shares his podcasting journey and the lessons he's learned
• The #1 reason for the success of Get Paid for Your Pad
• The impact of the podcast in terms of Jasper's influence in the STR space
• Why consistency is the key to leadership and influence
• The future plans for the Get Paid for Your Pad book
• The powerful lessons we can learn from the sharing economy space
• The key to successful leadership and influence
• The 3 most important tenets of bringing value to your audience
• How to grow your sphere of influence

Get Paid For Your Pad

EP024 Airbnb's Head of Hospitality Chip Conley, Divulges His Best Advice for Airbnb Hosts

EP175: How to Integrate Airbnb in Your Real Estate Business

EP186: This Week in the World of Airbnb

FREE HOST ASSESSMENT: Grow Your Airbnb Business

APPLY NOW for the Legends X Short-Term Rental Accelerator class beginning October 17!

Subscribe to GPFYP on Apple Podcasts

Email [email protected]

Legends X Short-Term Rental Accelerator

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The Airbnb industry is evolving, and, with it, so are the visions STR hosts hold for their businesses.

Gone are the days of throwing up any listing and expecting success. The industry has changed. There is a lot more education available, offering new ways for hosts to learn what is possible for them and the business they want.

Before each Legends X Short-Term Rental Accelerator class, Eric spends his time on the phone talking to potential participants about what they are looking for to take their business to the next level.

So, who are the up-and-coming hosts of today, and what are STR business owners seeking to sustainably grow their business to the next level?

On this edition of STR Conversations, Eric and I sit down to discuss the 3 biggest things applicants are seeking for their business when applying for the Legends X program.

We walk you through how our VOS system helps participants in the class get clear on what they want and then implement it to build a sustainable business.

We’ll talk about what areas of hosting entrepreneurs are moving away from and offer insight into the new and exciting niches hosts are exploring in order to offer world-class experiences to their guests. 

Listen in for a preview of the Legends X program and learn how the VOS system can help YOU transition from STR host to hospitality business operator. Plus, you can now get our Host Assessment, part of Legends X, for FREE!

Want to be a part of the next Legends X Short-Term Rental Accelerator class beginning October 17? Apply NOW!

• Why there is such a massive uptick in the Airbnb and hospitality industry
• The 3 things Legends X applicants are seeking for their businesses
• What are the new and popular niches in the STR Airbnb space
• The 3 areas we focus on in Legends X
• The biggest challenge of creating the business you envision 
• Why the transition from Airbnb host to a hospitality business operator pays such huge (all around) dividends
• How we determine who is coachable and ready for Legends X
• The amazing mindset transitions we’ve seen through the Legends X course
• Our #1 goal for every person who takes part in the Legends X Short-Term Rental Accelerator class

FREE HOST ASSESSMENT: Grow Your Airbnb Business

APPLY NOW for the Legends X Short-Term Rental Accelerator class beginning October 17!

Good to Great: Why Some Companies Make the Leap and Others Don't

2022 Vacation Rental Management Association Conference   

Email [email protected]

Legends X Short-Term Rental Accelerator

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