In this episode of Tangy Talks, Victor Feria and Steve Turk discuss their investment in a short-term rental property in North Charleston, South Carolina while dealing with hurricane challenges in the Carolinas.

They explore community resilience amidst natural disasters and highlight Airbnb's supportive role in providing temporary housing. The hosts also delve into the world of conferences, sharing their insights on the Vacation Rental Management Association's attendance drop and their new venture of participating in the World Travel Expo in Miami. Join them as they talk strategies for vacation rentals and industry events.

00:00 Welcome Back to Tangy Talks

00:57 Investing in Short-Term Rentals

02:19 Experiencing Charleston's Charm

03:59 Facing Natural Disasters

05:23 Community Support During Crises

09:31 Airbnb's Role in Disaster Relief

10:59 Challenges in the Vacation Rental Industry

12:48 The Value of Conferences

16:25 The Value of Conferences

17:09 Exciting Glamping Project Updates

18:06 Exploring the Glamping Show Americas

22:14 Preparing for the World Travel Expo Miami

27:27 Concluding Thoughts and Future Plans

In this episode, hosts Victor and Steve discuss their experiences in property management, focusing on onboarding two new properties with varying challenges. They highlight the importance of consistent leadership meetings and the potential benefits of implementing an initiation fee for property owners. The conversation shifts to Airbnb's future vision as a unique category beyond just being an OTA, with significant growth in experiences and new business lines. They also share insights from the recent FAVR Vacation Rental Extravaganza, emphasizing the rise of AI in the industry, networking opportunities, and potential enhancements for future events. The episode wraps up with critical tips for property managers and realtors.

00:00 Early Morning Energy and Gym Routine

01:40 Leadership Meetings and EOS Implementation

04:10 New Properties and Onboarding Challenges

10:25 Advice for Property Managers and Owners

15:21 Listener Questions: Finding the Right Property Owners

16:39 Identifying the Right Property Owner

18:07 Red Flags in Property Management

21:13 Airbnb's Future Vision

26:32 Insights from the Vacation Rental Extravaganza

31:55 Connecting with Realtors for Seamless Transitions

33:06 Conclusion and Next Steps

Hosts Victor and Steve return to Tangy Talks Live to discuss recent changes in short-term rental regulations, specifically focusing on New York City’s ban and its unintended consequences. They share personal insights and industry trends, such as increasing hotel rates and the impact on local communities.

The duo highlights a real-life scenario where they had to deal with an unauthorized party at one of their properties and offers valuable tips on how to manage similar situations. The episode also delves into the importance of core values in maintaining team integrity and looks forward to an upcoming industry event in Orlando. This engaging and informative discussion is geared towards property managers and anyone interested in the hospitality sector.

00:00 Introduction and Catching Up

02:16 Discussing New York City's Short-Term Rental Ban

04:38 Impact of Short-Term Rental Regulations

06:02 Challenges in the Hospitality Industry

12:01 Handling Unauthorized Parties in Rentals

17:15 Handling a Holiday Weekend Incident

18:38 Airbnb's Six Tips to Avoid Party Houses

20:23 Upcoming Vacation Rental Extravaganza

24:10 Core Values and Team Dynamics

30:07 Reflecting on Personal and Professional Growth

32:00 Closing Remarks and Future Plans

n Episode 22 of Tangy Talks, hosts Victor Faria and Steve Turk dive into various engaging topics including college football's impact on vacation rentals, the importance of smart locks like those from Yale for Airbnb properties, and the excitement surrounding new investments in boutique hotels. They discuss local insights from Miami Beach, emerging trends in hospitality technology, and innovative strategies to navigate the changing landscape of short-term rentals, especially in regulated areas like Key Biscayne. The episode is sprinkled with personal anecdotes and practical tips for property owners and investors alike.

00:00 Introduction and Casual Banter

00:59 Local Miami Recommendations

01:29 College Football Excitement

01:52 Fantasy Football Talk

03:22 Impact of College Football on Short-Term Rentals

09:26 Smart Locks for Airbnb Rentals

13:55 Essential Tech for Property Owners

15:31 The Importance of Cameras and Sensors

16:24 Key Biscayne's Crackdown on Short-Term Rentals

19:02 Navigating HOA Rules and Investment Strategies

20:46 The Power of Sharing Your Goals

24:59 Adapting to Market Changes

26:16 Final Thoughts and Motivational Insights

In this milestone 21st episode, the hosts celebrate their journey of reaching their goal of 21 episodes and discuss being in the top 5 percent of podcasts. They talk about their experiences and lessons learned, emphasizing the importance of sharing knowledge and receiving feedback. Key topics include the challenges faced by the vacation rental industry in light of government regulations, particularly in big cities like New York and Los Angeles. They discuss the efforts of VACASA, the industry's biggest name, in managing large segments of the market, highlighting the intricacies and struggles of scaling hospitality services. The episode also touches on the onboarding process of new properties, furnishing challenges, the importance of standardized packages, and the upcoming FAVR event in Orlando.

00:00 Introduction and Milestone Celebration

01:12 The Importance of Sharing Knowledge

02:16 Vacation Rental Industry Challenges

03:38 Government Regulations and Lobbying

08:42 The Rise and Struggles of Vacasa

16:19 Onboarding New Properties

18:57 Furnishing and Design Solutions

29:03 Conclusion and Upcoming Events

Welcome to the 20th episode of Tangy Talks! This week, we're tackling some of the biggest topics in the vacation rental industry. First, we delve into the tricky world of condo hotels, sharing a cautionary tale that highlights the importance of knowing all the rules before investing. Next, we offer practical advice on furnishing your vacation rental from scratch, including exciting potential partnerships with furniture companies to simplify the process. Finally, we share our thrilling news about purchasing and managing our first property in Charleston, SC. This episode is packed with insights and updates you won’t want to miss!

What You’ll Learn:

1. Navigating Condo Hotels:

• The hidden challenges of investing in condo hotels for short-term rentals.
• A real-life example of a client facing unexpected restrictions and how to avoid similar pitfalls.
• Essential questions to ask before making a condo hotel investment.

1. Furnishing Your Vacation Rental:

• How to approach furnishing a vacation rental from scratch.
• Innovative ideas for partnering with furniture companies to create easy, cost-effective furnishing packages.
• Tips for ensuring your vacation rental is stylish, durable, and guest-ready.

1. Our First Managed Property:

• Exciting news about our first property purchase in Charleston, SC.
• Details about the property and our vision for its development and management.
• Insights into our strategy for setting a new standard in vacation rentals.

Join us for a wealth of knowledge and actionable tips that will help you navigate the vacation rental market with confidence. Don’t forget to subscribe, leave a review, and follow us on social media to stay updated on all our latest content and behind-the-scenes action!

Call to Action:

• Subscribe to Tangy Talks on your favorite podcast platform so you never miss an episode.
• Leave a review if you found our insights helpful; your feedback helps us improve and reach more listeners.
• Follow us on social media for exclusive content, updates, and opportunities to engage with us directly.

Tune in now for an episode filled with valuable advice, exciting news, and plenty of industry insights!

Episode 19: Tangy Talks - Creating Value in Hospitality

Welcome back to Tangy Talks! In this episode, Steve and Victor share exciting updates and insights from their latest ventures in the hospitality industry.

1. Hospitality Mentor Networking Event:

• Overview of Tangy Management's first co-produced networking event.
• Success of the event with 130 attendees from various hospitality sectors.
• Tips on organizing events without high costs, including negotiating with venues and providing value to attendees.

1. Creating Effective Networking Events:

• Importance of choosing the right venue, entertainment, and unique vendors.
• Utilizing social media and targeted ads for event promotion.
• Encouraging people to create their own networking opportunities to foster industry connections.

1. Hotel Industry Challenges and Work-Life Balance:

• Discussion on retaining and attracting talent in the hotel industry.
• The trend of hotel directors and managers seeking better work-life balance by moving to other roles.
• Innovations in flexible work schedules, such as Ritz-Carlton Amelia Island's three, four, and five-day workweek options.

1. Vacation Rental Business Insights:

• Analysis of the challenges in vacation rental management, including undercutting by cheaper management companies.
• Discussion on pivoting to property ownership and investing in vacation rentals to control business destiny.
• Considerations for guests’ experiences and the importance of transparency in additional fees.

1. Behind the Scenes at Tangy Management:

• Internal strategies for maintaining high standards in vacation rental management.
• Exploration of new business models and potential market expansions.
• The importance of adaptability and continuous improvement in hospitality services.

1. Future Plans and Audience Engagement:

• Plans for future events and potential market expansions.
• Call for listener feedback and guest invitations for future episodes.
• Encouragement to share the podcast with others in the industry.

Contact and Engagement:

• Visit Tangy Management for more information and to get in touch.
• Email us with your thoughts or if you want to be a guest on the show.
• Like, subscribe, and share this episode to help us reach more hospitality professionals.

Join us next week for more insights and updates in the world of hospitality. Have a great day, everyone!

In Episode 18 of Tangy Talks, hosts Steve Turk and Victor Feria discuss a range of pertinent issues from their past week. They begin with light-hearted conversation about their 4th of July celebrations, highlighting community management and family activities.

The episode then pivots to the legal dimensions of vacation rentals, particularly focusing on regulations in Palm Beach and insights on Airbnb guest vetting. They dive into the real-life challenges faced by their business this week, including losing key team members and a top-performing property, and share their experiences on handling adversity by leaning on core values and fostered resilience.

Their discussions offer practical advice on maintaining business integrity, the importance of community engagement, and strategic measures to ensure success in the face of obstacles.

00:00 Introduction and Episode Update

00:33 4th of July Weekend Recap

04:00 Airbnb Hosting Tips and Challenges

11:33 Legal Issues in Vacation Rentals

18:24 Facing Adversity in Business

30:22 Conclusion and Listener Engagement

In this episode of Tangy Talks, the hosts return from a short hiatus to discuss their recent travels: one to Italy and Switzerland, and the other to Orlando, Florida. They talk about the importance of rapid guest communication, maintaining high review scores, and the intricacies of effective pricing strategies for vacation rentals.

The episode also covers the impact of legislation on short-term rentals in cities like Barcelona and New York, and recent regulatory developments in Florida. In addition, the hosts emphasize the value of joining local industry organizations and share tips on optimizing property management practices.

00:00 Welcome Back to Tangy Talks!

00:28 Adventures in Italy

01:49 Orlando Conference Experience

02:48 Hotel Impressions and Insights

05:50 Vacation Rentals in Big Cities

11:44 Florida's Vacation Rental Regulations

15:11 Navigating Short-Term Rental Regulations

15:45 Being a Good Neighbor and Responsible Host

20:03 The Importance of Communication in Property Management

26:29 Optimizing Occupancy and Revenue

29:16 Wrapping Up and Final Thoughts

In Episode 16 of Tangy Talks, Steve Turk and Victor Feria discuss their summer plans and strategies for the hospitality business during the slower season in South Florida. They delve into the importance of team appreciation, midterm rentals, revenue management tips, and insights from industry challenges. The episode wraps up with exciting news about sponsoring a local fighter and the upcoming Hospitality Mentor networking event.

Show Notes:

• [00:00:00] Introduction
• Steve and Victor kick off the episode with a light-hearted chat about their journey to becoming a top podcast and their plans for a team outing at Top Golf.
• [00:01:00] Team Appreciation and Leadership
• Discussion on the importance of showing appreciation to the team, especially after a busy first half of the year. Strategies for team engagement and celebrating hard work.
• [00:02:00] Navigating Slow Season in South Florida
• Insights into managing the slower summer season in South Florida, including the impact of current events, politics, and inflation on travel and hospitality.
• [00:04:00] Revenue Management Tips
• Victor shares revenue management strategies, emphasizing the importance of early planning and adjusting amenities to maintain profitability during slower periods.
• [00:06:00] Industry News: Vacasa Layoffs
• Analysis of Vacasa's recent layoffs and what it means for the vacation rental industry. Lessons learned and advice for property owners and managers.
• [00:09:00] Long-Term vs. Short-Term Rentals
• Discussion on the rising trend of long-term rentals and the flexibility of the hybrid model to adapt to market changes. Pros and cons of different rental strategies.
• [00:11:00] Owner Relations and Communication
• The importance of maintaining good relationships with property owners and ensuring transparency and communication. How Tangy Management prioritizes owner experience.
• [00:13:00] Midterm Rentals: The New Trend
• Exploration of the growing demand for midterm rentals, especially in light of upcoming events like the FIFA World Cup. Benefits of offering flexible rental options.
• [00:15:00] Personal Experiences with Midterm Rentals
• Steve and Victor discuss their personal thoughts on living in different locations for extended periods and the logistical considerations for midterm stays.
• [00:18:00] Tangy Management's Approach to Slow Season
• Strategies Tangy Management employs to navigate the slow season, including competitive pricing, team planning, and maintaining core team members.
• [00:21:00] Market Analysis and Competitor Insights
• How Tangy Management analyzes market trends and competitor pricing to stay competitive during the slower months.
• [00:23:00] Preparing Owners for Slow Season
• Advice for property owners on preparing for the slow season, including setting realistic expectations and being flexible with rental rates.
• [00:26:00] Creative Revenue Solutions
• Exploring additional revenue streams for vacation rentals, such as offering extra services and events to guests.
• [00:28:00] Upcoming Events and Sponsorships
• Announcement of the July 10th Hospitality Mentor networking event and the sponsorship of local fighter Christian Esquilin.
• [00:30:00] Wrap-Up and Sign-Off
• Steve and Victor close the episode with a reminder about the upcoming event and a friendly challenge for their Top Golf outing.

Links Mentioned:

• Hospitality Mentor Networking Event Tickets
• Tangy Management

Thank you for listening!