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

You want to drive more bookings for your Airbnb properties at a higher revenue. To do that, you know you need to create experiences that will connect with your guest avatar and are cohesive to your brand.

But before you start renovating, you need to understand what the ROI will be and if the money you spend be worth it for your bottom line and the guest experience.

So how do you create a budget for the guest aesthetic you seek and still make a profit? 

On this episode of Get Paid for Your Pad, Eric and I walk you through the questions you need to ask before you begin to make your renovation budget.

We'll walk you through all the small details you need to consider when determining which elements to select to assure you are creating the experience your guest is looking for when they book your property.

Listen in for insight into how creating world-class experiences can help you justify higher prices. Plus, how to cultivate the same experiences the big hoteliers do by focusing on the five senses.

• Why the discovery phase is the most challenging part of budget planning
• The first question to ask when making your renovation budget
• How to use AirDNA to compare to the top performing units in your market
• What you need to look at to determine what will create the experience your guest is looking for
• How to cultivate the ‘every detail matters’ experience of big hotels without their budget
• The most crucial factor in determining your renovation budget
• Why your brand is just as valuable as the real estate you build it on
• How to put together a vibe or lookbook for your interior designer
• How creating world-class experiences can help you justify higher nightly prices

Spirit Line Cabin Between Alma & Breckenridge

AirDNA

Rented

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

Legends X Short-Term Rental Accelerator

STR Legends Mastermind

Subscribe to GPFYP on Apple Podcasts

Email [email protected]

Legends X Short-Term Rental Accelerator

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You want to drive more bookings for your Airbnb properties at a higher revenue. To do that, you know you need to create experiences that will connect with your guest avatar and are cohesive to your brand.

But before you start renovating, you need to understand what the ROI will be and if the money you spend be worth it for your bottom line and the guest experience.

So how do you create a budget for the guest aesthetic you seek and still make a profit?

On this episode of Get Paid for Your Pad, Eric and I walk you through the questions you need to ask before you begin to make your renovation budget.

We'll walk you through all the small details you need to consider when determining which elements to select to assure you are creating the experience your guest is looking for when they book your property.

Listen in for insight into how creating world-class experiences can help you justify higher prices. Plus, how to cultivate the same experiences the big hoteliers do by focusing on the five senses.

• Why the discovery phase is the most challenging part of budget planning
• The first question to ask when making your renovation budget
• How to use AirDNA to compare to the top performing units in your market
• What you need to look at to determine what will create the experience your guest is looking for
• How to cultivate the ‘every detail matters’ experience of big hotels without their budget
• The most crucial factor in determining your renovation budget
• Why your brand is just as valuable as the real estate you build it on
• How to put together a vibe or lookbook for your interior designer
• How creating world-class experiences can help you justify higher nightly prices

Spirit Line Cabin Between Alma & Breckenridge

AirDNA

Rented

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

Legends X Short-Term Rental Accelerator

STR Legends Mastermind

Subscribe to GPFYP on Apple Podcasts

Email [email protected]

Legends X Short-Term Rental Accelerator

Hosted on Acast. See acast.com/privacy for more information.

Wouldn't it be great to be able to operate your STR business from anywhere while you travel and explore the world?

True freedom is being able to operate your business from anywhere you are or feel like waking up in the morning. But is that really possible? And if so, what are the pros and cons?

Sean McGregor is the Chief Experience Officer at Stay Work and Play. A digital nomad, Sean loves working remotely while traveling with his family. He's an Airbnb Superhost with over 2500 reviews and a 4.96 overall rating. His hosting story appears in the book Hospitable Hosts: Inspiring & Memorable Stories From Airbnb Hosts Around The World To Educate & Motivate.

On this episode of Get Paid for Your Pad, Sean joins me to discuss how he turned his STR business into a lifestyle business hosting remotely with property owners all over the country—most he's never even met in person.

Listen in as Sean shares how his business took off after he completed Legends X. He'll walk us through the tips and tools he learned from the program that have helped him hold fast to the goal he lives by for his digital nomad family and his ambitious host oath.

Plus, the business hacks he uses so that anyone on his team can successfully replace him in the day-to-day of running his STR business.

If you're interested in growing your business, we have a few spots in our next Legends X STR Accelerator class. Don't wait—Apply Now! Plus, our new FREE training: The Step-By-Step Plan for Scaling Your Airbnb Business to $1M and Beyond.

• The hacks Sean uses to put his business on autopilot so that he can live location independent with his family
• 2 processes Sean put in place to achieve his high bar host oath
• Why putting yourself into a traveler's mindset will help you deliver the best guest experience possible
• How he overcame the challenges of renting places he's never seen
• The two-pronged discovery process Sean uses to ensure his guests leave a 5-star review
• How he's addressing owner issues while smoothing things out for his team
• Why Sean thinks his location anywhere lifestyle has helped him work with more owners
• The #1 thing that helps him stay prepared for the curveballs that come up in his STR business
• Why his goal is to help other STR hosts become digital nomads

Sean on LinkedIn

Scaling a Remote Co-Hosting Business While Maintaining a 5-Star Guest with Sean McGregor (Ep390)

The Step-By-Step Plan For Scaling Your Airbnb Business to $1M and Beyond

Hospitable Hosts: Inspiring & Memorable Stories From Airbnb Hosts Around The World To Educate & Motivate

Email [email protected]

Legends X STR Accelerator

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Accountability is what drives results in your personal life, for your health goals, for your teams, and especially in your business.

Accountability is everything for scaling a business.

It's also one of the biggest things that can hold STR entrepreneurs from reaching their goals.

Most of the hosts we talk to want to grow in their business, but they're stuck in the same spot, experiencing the same challenges over and over because they haven't created accountability within their team.

So how do you add layers of accountability to your business and team dynamic?

On this episode of Get Paid for Your Pad, Eric and I share some ways we've used accountability in our own lives to reach our personal and business goals.

We'll walk you through how we use layers of accountability in our businesses, with our team, and in the Legends X program so you can reach your STR business goals much sooner. Plus, why pain points are an excellent motivator for results.

Listen in for insight into why we operate Legends X with the philosophy of 'what do they need, not what do they want' and how that's led to a 98% success rate and more extensive results in a smaller time frame for the STR hosts in the class.

If you want to be held accountable by us and our program, apply today for the next class of the Legends X Short-Term Rental Accelerator.

• Why accountability should be at the forefront of decision-making in your life
• How a lack of focus can impact all areas of your life
• The 3 things you need to make accountability work
• Eric shares how accountability played an enormous role in his weight loss journey
• Why daily check-ins are vital to holding you to your goals
• Why pain points are an excellent motivator for achieving higher-level results
• How layering accountability builds bigger results
• 3 ways to use your project management tools for more measurable results
• Why checking in with all levels of your team assures you're all rowing in the same direction
• Why we added check-ins to the Legends X program to help participants complete their action items in a shorter time frame (for better results)
• Why we have a 98% success rate with Legends X

Get Paid for Your Pad YouTube Channel

75 Hard

Legends X Short-Term Rental Accelerator

STR Legends Mastermind

Subscribe to GPFYP on Apple Podcasts

Email [email protected]

Legends X Short-Term Rental Accelerator

Hosted on Acast. See acast.com/privacy for more information.

Many companies are shifting their employees to working remotely, allowing many people the flexibility to live more of a nomadic lifestyle.

This has led the 30-plus day stays to become the fastest growing category on Airbnb right now.

But what are the pros and cons? And is it profitable?

Toby Doré currently manages over 20 units in 'Cajun Country' downtown Lafayette, Louisiana, and has over 5000 reviews on Airbnb. He's also a full-time sports psychology professor at the University of Louisiana and writes the travel blog, "The Cajun Traveler." Toby was in the first class of Legends X. His story appears in the book, Hospitable Hosts: Inspiring & Memorable Stories From Airbnb Hosts Around The World To Educate & Motivate.

On this episode of Get Paid for Your Pad, Toby joins me to discuss how he transitioned his properties to 30-day plus stays during the pandemic to keep his business alive and why he's keeping them there in the fastest growing category on Airbnb.

Listen in as Toby shares the two biggest lessons he's learned from having his properties in the 30-day plus leasing model, how he uses his travel blog as a marketing tool for his STR business, plus some important tips about LTR leases. 

The next Legends X STR Accelerator class begins February 28, 2023. If you're interested, apply now.

• The importance of contracts, leases, and tenant's rights
• Where Toby found 100% of the leads for his pandemic long-term rentals
• The biggest disadvantage of the 30-day leasing model
• The key difference between regular contracts and arbitrage contracts
• Toby's pricing strategies for managing both his 30-day leases and his STRs
• Why having a blog about your STR market is a powerful marketing tool
• Why Toby decided to get involved in the Hospitable Hosts book project
• The 2 biggest lessons Toby learned when he transitioned to the 30-day+ leasing model
• The important connections Toby made through Legends X

The Cajun Traveler on Facebook

The Cajun Traveler on Instagram

Hospitable Hosts: Inspiring & Memorable Stories From Airbnb Hosts Around The World To Educate & Motivate

Hospitable Hosts

The Cali Adventurer Blog

EP200: A Serial Airbnb Entrepreneur from Lafayette 

Apply for Legends X STR Accelerator

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STR Legends Mastermind

Email [email protected]

Legends X STR Accelerator

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2022 is going to be a record year for US short-term rentals.

Or is it?

On the one hand, the data tells us the STR industry is doing great, while we also see the economic uncertainty, pain at the pump, and an increasing supply of STR units. Plus, there have been recent news reports about some of the big players in the industry going belly up.

We're getting mixed signals.

So how can we really understand what is going on in the STR industry so we can better plan our business strategies?

On this episode of Get Paid for Your Pad, Eric and I share some recent STR industry data and articles.

We offer our thoughts on the current hosting market and share consumer insight into why people are still traveling despite the rising cost of everything.

We'll walk you through the impact of gas prices, the concern over the the surplus supply of STR units, and why some of the big STR players may have folded.

Listen in for insight into what professional hosts are saying about how they are really doing in their businesses. Plus, where the excitement is right now!

If you're an STR host who wants to grow or are looking to get started in the industry, we still have a limited number of openings in our 90-Day Legends X Short-Term Rental Accelerator. Apply TODAY!

• Why are big players in our industry going belly up
• Why the micro-economy of STR and hospitality is still a good bet even now
• Why Blackstone is looking into digging deeper into the hospitality industry
• Why major rental markets are still at 90% occupancy when gas prices are the highest ever
• Which types of STR hosts will do well in this down economy
• What Eric is learning from the hosts applying for the 4th class of Legends X Short-Term Rental Accelerator

Why Hospitality is the Best Place to Work, Invest, and Innovate Now (and in the Years Ahead)

Shuttered Property Manager WanderJaunt Is Trying To Sell Its Assets

Skift

AirDNA 2022 Mid-Year Outlook Update: Economic Adversity Can’t Stop STR Growth

Legends X Short-Term Rental Accelerator

STR Legends Mastermind

Subscribe to GPFYP on Apple Podcasts

Email [email protected]

Legends X Short-Term Rental Accelerator

Hosted on Acast. See acast.com/privacy for more information.

Competition is increasing in the property management market. More owners than ever are looking to find the best management company for their property that will also help them improve their ROI.

So how can you, as a management company, help owners make the best use of their properties and enjoy their homes while still making the biggest ROI?

Lisa Stotelmyre is the President of Yellow Brick Road Homes+, with properties nestled in Lake Arrowhead, CA, and Winter Park, CO. Lisa began her journey as a STR host in 2010 by purchasing a run-down property for 55K and increasing its value to 400K. Yellow Brick Road Homes+ specializes in managing 2nd homes for owners so they can enjoy their homes while enjoying the biggest ROI possible.

On this episode of Get Paid for Your Pad, Lisa joins me to walk us through the lessons she learned as she transitioned from owning a few units to running a property management company.

She shares her #1 reason for joining Legends X and the one philosophy she's learned to embrace from the training that catapulted her to the rising star program and her plans for Yellow Brick Road Homes+.

Listen in as Lisa shares how she used what she learned during Legends X to go from a hectic host to a company with 15 to 18 units and a team that's helping her scale.

Legends X STR Accelerator class 4 begins August 22, 2022. If you're interested, apply now.

• Why Lisa got involved in the STR market
• Her organic transition from owning to managing
• The most important things to consider when transitioning from an owner to a manager
• How to create a property management success criterion so mangers and owners are on the same page
• The 3 standards Lisa puts in place for every owner client
• The 2 ways Yellow Brick Road Homes+ maximizes ROI for property owners while ensuring their money is well invested
• The amenities investments that increase ROI
• The #1 question to ask that increases your value as a property manager
• The biggest thing Lisa took away from the Legends X training that helped her transition from a hectic host to managing her own property management company

Yellow Brick Road Homes+ on Facebook

[email protected]

(562) 900-8132

Apply for Legends X STR Accelerator

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STR Legends Mastermind

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Most STR hosts start the same way, by hosting their own home or renting out an extra bedroom.

But there are 5 stages in the hosting journey.

So, how do you get from owning just one rental to growing as an entrepreneur and scaling your STR business into a successful 2 million dollar a year company? 

On this episode of STR conversations, Eric and I share that Legends X Class 4 Enrollment is now open. We'll walk you through some of the challenges the program solves for hectic hosts, and we announce the 7 figure coaches that will be participating in this round. 

We'll walk you through the Vision, Operations, Scale (VOS) system and how it has impacted the lives and the futures of the 127 companies that have already gone through the program. 

Listen in to learn about the power of getting off the 'lonely hosting island' where you're trying to figure things out on your own and into a program that can help you solve your STR hosting challenges surrounded by coaching support and community.

We're looking for the right people to join the program. If you're interested, apply now for the Legends X STR Accelerator.

• How to determine where you are in the 5 stages of STR hosting
• The stage of hosting where most STR entrepreneurs get stuck 
• Why it's harder to be successful as an entrepreneur than it is to have a corporate job
• How implementing the VOS system can help you scale more quickly
• The most important part of the VOS system
• The biggest impact STR entrepreneurs have gained from our previous Legends X courses
• The power of having a community support your entrepreneurial journey
• Why Legends X can help any entrepreneur in any industry
• The #1 reason to join Legends X if you're currently a hectic host

Legends X Class 4 Enrollment

From Hectic Host to Legend in Less Than 1 Year

FREE Airbnb Starter Guide

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Legends X STR Accelerator

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How do you grow from one rental cabin in the woods to becoming well on your way to being Colorado's premiere boutique portfolio of luxury vacation rentals?

Thomas Barry has worked in the private service industry with very high net worth families, offering high-touch hospitality services for 25 years. He started his STR business Hosting from the Heart, with his wife, Tina, in 2015 after the birth of his first child. Over the past seven years, HFTH has grown to 18+ unique luxury properties.

On this episode of Get Paid for Your Pad, Thomas joins me to walk us through the home-away-from-home guest experience and the technologies Hosting from the Heart used that led to homeowners seeking them out for help in managing their luxury mountain properties.

Listen in as Thomas shares ‌how he went from a hectic host and W-2 employee to a full-time STR entrepreneur. Plus, what he and his team learned from Legends X that helped them double their growth target in just 12 months to take them closer to their goal of being Colorado's premiere boutique portfolio of luxury vacation rentals.

• How expanding their family led Thomas and his wife to try the Airbnb model
• The core values and sole purpose of Hosting from The Heart (hint: it's not just about the money)
• The opportunity HFTH found through master leasing
• How their use of dynamic pricing led to more owners signing with HFTH
• The 3 big changes the Legends X STR Accelerator program helped Thomas make to catapult the growth of his business
• How Thomas went from hectic host and W-2 employee to full-time STR host
• An inside look at where Hosting from the Heart is focusing after attending the Legends X Mastermind

Hosting From the Heart

HFTH on Instagram

Register for The Step-By-Step Plan For Scaling Your Airbnb Business to $1M and Beyond

Legends X STR Accelerator

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STR Legends Mastermind

Email [email protected]

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