Bölümler
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Today’s expert guest is Lisa Roads, a seasoned short-term rental professional, whose journey began as a property investor in her early twenties.
As Lisa continued to grow her property portfolio, she recognised the potential for early adoption in an emerging market in Cyprus. This investment move created the opportunity to start her second business venture, providing a fully managed service for hands-off investors like herself.
Focusing on high-quality coastal properties and leveraging her partnership and marketing experience, with her team in Cyprus, the business scaled to 175 properties in five years. We learn all about how she made it happen – remotely! – including emergency communications after a massive earthquake and a six-week power outage on the island.
After transitioning her hosting business to a new owner in 2021, Lisa has now shifted her focus to providing industry education and strategy support to business owners who are looking to scale in a dynamic short-term rental market – a mission we wholeheartedly support!
(00:01:16) #STRShareSunday: @littlecottageonthefarm
(00:03:25) Meeting the Dynamic & Driven Lisa Roads
(00:08:03) Growing the STR Market on a Mediterranean Island Nation
(00:21:24) Lisa Shares Insights on Business Building & Balance
(00:31:21) Managing Owner Expectations as a Remote STR Co-Host
(00:42:19) What’s Next? Leaving Her Vacation Rental Listings in Cyprus
(00:47:15) Amplifying Women’s Voices in the Short-Term Rental Space
Resources:
• Click here for full show notes
• Website: theholidaypropertycoach.wordpress.com
• #STRShareSunday: @littlecottageonthefarm
• Video: Airbnb Co-Host: Best Practices - Handling Guest Inquiries and Bookings
• Airbnb Essentials Checklist: hostchecklist.com
Thanks for Visiting is produced by Crate Media.
Mentioned in this episode:
Superhog | Visit superhog.com/thanks-for-visiting and book your FREE demo today!
Hosting Business Mastery Method | Join us for our live, free, host masterclass and learn how to OWN your digital real estate!
HBMM | Sign up today at hostmasterclass.com.
Minoan | Visit MinoanExperience.com and tell them TFV sent you!
Hostfully | Go to https://www.hostfully.com/influencers/thanks-for-visiting/ and use TFV100 to get $100 off your subscription.
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Welcome back to the Hosting Hotline! This is an Ask Me Anything where each week we’ll answer your questions on Airbnb, STRs, real estate, and everything in between.
Melissa asks:
I am going to be a new host, and I have a question about bed frames and headboards. I have a couple headboards that are upholstered. What are your thoughts about using those and cleaning those instead of buying new headboards that are wood or washable? I would love to know because it could save me a lot of money if I can use the headboards that I have now.
(00:01:26) Melissa Asks About Different Kinds of Vacation Rental Headboards
(00:02:04) Top Tech Recommendation: Bissell Green Machine
(00:03:06) How To Prep & Clean Headboards in Your Short-Term Rental
(00:04:45) Introducing: The TFV Hosting Handbook!
Thanks to everyone who submitted questions. To hear your voice on the show and send a question to Sarah and Annette, submit your burning hosting questions at: hostinghotline.com.
Resources:
• Click here for full show notes
• Bissell Green Machine: https://amzn.to/3KvFi7X
• Get the Hosting Handbook: thanksforvisiting.com/handbook
• Video: The Best Airbnb Bedding for Your Guest
• Airbnb Essentials Checklist: hostchecklist.com
Thanks for Visiting is produced by Crate Media.
Mentioned in this episode:
Host Checklist | Grab our Airbnb Essentials Checklist and make stocking your Airbnb a breeze – we've got all your hosting needs covered!
Quiz | Take our quiz to reveal your hosting personality style!
Hosting Business Mastery Method | Join us for our live, free, host masterclass and learn how to OWN your digital real estate!
HBMM | Sign up today at hostmasterclass.com.
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Eksik bölüm mü var?
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In today’s solo (duo?) episode, we unpack an expansive recent experience we shared in England, learning about this amazing industry. From an STR business retreat hosted in a towering castle, complete with moat, to the Short Stay Summit 2024 in London – we’ve come home with a wider and more full picture of what hosts are doing and seeing around the world.
Our journey begins at Middleton Castle, where our new friend, Humphrey Bowles of Superhog, expertly curated a thought leadership retreat for 17 of the space’s foremost voices and innovators. We talk about what exactly led us to getting an invite, what we saw and heard there, and the value in getting out of one’s usual workspace – both mentally and physically.
From there, we recap our key takeaways from Short Stay Summit 2024, including cleaning questions heard round the world, hard sustainability truths, guest and property safety, and of course – the five-hundred pound gorilla in the room: artificial intelligence.
(00:01:50) #STRShareSunday: @middletoncastle
(00:07:09) Getting the Invite to Middleton Castle
(00:17:11) Top Takeaways from Vacation Rental Leaders
(00:21:14) Short Stay Summit in London 2024
(00:25:02) Growing Role of AI in Vacation Rental Industry
Resources:
• Click here for full show notes
• Visit superhog.com/thanks-for-visiting and book your FREE demo today!
• #STRShareSunday: @middletoncastle
• Video: Airbnb Guest Expectations: How to Set the Right Expectations
• Airbnb Essentials Checklist: hostchecklist.com
Thanks for Visiting is produced by Crate Media.
Mentioned in this episode:
Hosting Business Mastery Method | Join us for our live, free, host masterclass and learn how to OWN your digital real estate!
HBMM | Sign up today at hostmasterclass.com.
Hostfully | Go to https://www.hostfully.com/influencers/thanks-for-visiting/ and use TFV100 to get $100 off your subscription.
Minoan | Visit MinoanExperience.com and tell them TFV sent you!
Superhog | Visit superhog.com/thanks-for-visiting and book your FREE demo today!
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Welcome back to the Hosting Hotline! This is an Ask Me Anything where each week we’ll answer your questions on Airbnb, STRs, real estate, and everything in between.
Patrick asks:
It's Patrick with Farmhouse805 on the beautiful central coast of California. I have a big question for you… We've been having a lot of success with our STR. We've got a nice patio with a gas fire pit and a commercial grade barbecue, but we just don't have the budget to do a swimming pool. And I'm not a big fan of the spas for the patio.
We're thinking about adding a movie screen and maybe a digital projector that guests can use to watch movies outside. We’re just trying to figure out if that's something that would be attractive to guests. I would love to hear your feedback. We love everything about your show – keep it up!
(00:01:40) Patrick Asks About an Outdoor Movie Projector
(00:02:58) Building Out a Unique Vacation Rental Experience
(00:05:31) Borrow Tips & Effective Ideas from Local Competitors
Thanks to everyone who submitted questions. To hear your voice on the show and send a question to Sarah and Annette, submit your burning hosting questions at: hostinghotline.com.
Resources:
• Website: farmhouse805.com
• Video: Airbnb Guest Expectations: How to Set the Right Expectations
• Airbnb Essentials Checklist: hostchecklist.com
Thanks for Visiting is produced by Crate Media.
Mentioned in this episode:
Host Checklist | Grab our Airbnb Essentials Checklist and make stocking your Airbnb a breeze – we've got all your hosting needs covered!
Hosting Business Mastery Method | Join us for our live, free, host masterclass and learn how to OWN your digital real estate!
HBMM | Sign up today at hostmasterclass.com.
Quiz | Take our quiz to reveal your hosting personality style!
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Today’s expert guest is Colleen Chrien, a hyper-engaged member of our Hosting Business Mastery Method, mom of four young kids, and owner of Picket Fence Properties and Fully Furnished Charleston where she manages a portfolio of 38 long-term rentals and 21 furnished rentals – a mix between short, mid, and long term listings.
We learn all about how she launched her business and landed in Charleston as a long term hub of operations, detail a few pain points on her initial projects, and unpack mindset shifts inspired by challenging life events – how she’s shifted her business goals to align with her vision of the future.
Make no mistake, what we have here today is a true superhero of hosting. Colleen’s a one-woman show, and gets super honest with us about the bottlenecks that she’s identified, from how she’s gone about adding to her team, to the brutal truth about the tidal wave of emerging tech in our industry — there’s no magic button to press!
Her candidness about the journey is a fresh counter to social media’s insistence on impossible “passive income” and “set-it-and-forget-it” narratives. In this industry, we work! And we’re proud of it. We know you’ll be as inspired by Colleen’s story as we are.
(00:01:23) #STRShareSunday: @dellcollective
(00:03:46) Introducing HBMM VIP: Colleen Chrien
(00:10:07) The Evolution of Fully Furnished Charleston
(00:19:11) STR Hiring, Operations & Business Goals
(00:27:36) Colleen’s Short-Term Rental Tech Stack Tips
Resources:
• Click here for full show notes
• Website: fullyfurnishedcharleston.com
• Instagram: @fullyfurnishedcharleston
• Instagram: @colleen_chrien
• Check out Hospitable, PriceLabs, and Breezeway
• Learn about our Hosting Business Mastermind
• #STRShareSunday: @dellcollective
• Video: Co Hosting for Airbnb - How to Know You're Ready
• Airbnb Essentials Checklist: hostchecklist.com
Thanks for Visiting is produced by Crate Media.
Mentioned in this episode:
Hostfully | Go to https://www.hostfully.com/influencers/thanks-for-visiting/ and use TFV100 to get $100 off your subscription.
Superhog | Visit superhog.com/thanks-for-visiting and book your FREE demo today!
Hosting Business Mastery Method | Join us for our live, free, host masterclass and learn how to...
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Welcome back to the Hosting Hotline! This is an Ask Me Anything where each week we’ll answer your questions on Airbnb, STRs, real estate, and everything in between.
Becky asks:
I have an ADT security system and my control panel has a little camera on it. It takes a picture of the person who is setting or disabling the alarm. Nobody ever sets the alarm in the Airbnb, but it is in the hallway. I was wondering… Does that count as a camera for Airbnb? If I put a sticker over it, would that work as not having a camera?
(00:01:32) Question About Airbnb’s New No-Camera Policy
(00:02:07) Out of Context: Is it an Interior Camera?
(00:03:00) Call Your Insurance, Ask Airbnb & Ask Your Attorney
Thanks to everyone who submitted questions. To hear your voice on the show and send a question to Sarah and Annette, submit your burning hosting questions at: hostinghotline.com.
Resources:
• Airbnb Summer 2024 Release for Hosts
• Video: Airbnb Self Check In with Smart Locks - Hosts, You Need This!
• Airbnb Essentials Checklist: hostchecklist.com
Thanks for Visiting is produced by Crate Media.
Mentioned in this episode:
Hosting Business Mastery Method | Join us for our live, free, host masterclass and learn how to OWN your digital real estate!
HBMM | Sign up today at hostmasterclass.com.
Host Checklist | Grab our Airbnb Essentials Checklist and make stocking your Airbnb a breeze – we've got all your hosting needs covered!
Quiz | Take our quiz to reveal your hosting personality style!
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Today’s expert guest is the ultra-informed researcher and short-term rental historian, Brumby McLeod, Ph.D., an associate professor at the College of Charleston, School of Business in the Department of Hospitality & Tourism Management.
He is also a research fellow with the Office of Tourism Analysis and the Riley Center for Livable Communities. The focus of his research is in overnight accommodation with a primary focus on housing, short-term rentals, and tourism.
Dr. McLeod walks us through the length of his career spent studying the many complex nuances of the vacation rental industry – from the offline family vacation homes of decades past, all the way to the explosion of digital hosting providers, and into the future.
Going back to school, even just for one day, we pepper Dr. McLeod with questions about how Airbnb disrupted his research, whether or not the data tells a positive or negative story in vacation communities, which stakeholders are the most vocal in opposition to STR expansion, and so much more.
A true academic, Brumby is so good at remaining neutral. He gets excited seeing everyone's point of views and then putting them together so he can create research and solutions for various aspects of the industry – whether it's small government, investors, hosts, or renters themselves.
(00:01:24) #STRShareSunday: @lazy_pines_cabins
(00:03:21) Back to School with Brumby McLeod, Ph.D.
(00:17:51) Charting the Rise of STR Hosting Platforms
(00:22:35) STR Impact: Building vs. Decimating Communities
(00:27:02) Unpacking the Right to Bear Guests
(00:35:50) How Hosts Can Best Advocate for the Vacation Rental Industry
(00:39:39) Airbnbust? Brumby on the Future of Our Industry
Resources:
• Click here for full show notes
• Gary Keller: https://a.co/d/hFPmcFZ
• #STRShareSunday: @lazy_pines_cabins
• Video: Airbnb Market Shift | Thrive as a Host
• Airbnb Essentials Checklist: hostchecklist.com
Thanks for Visiting is produced by Crate Media.
Mentioned in this episode:
Minoan | Visit MinoanExperience.com and tell them TFV sent you!
Hosting Business Mastery Method | Join us for our live, free, host masterclass and learn how to OWN your digital real estate!
HBMM | Sign up today at hostmasterclass.com.
Hostfully | Go to https://www.hostfully.com/influencers/thanks-for-visiting/ and use TFV100 to get $100 off your subscription.
Superhog | Visit superhog.com/thanks-for-visiting and book your FREE demo today!
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Welcome back to the Hosting Hotline! This is an Ask Me Anything where each week we’ll answer your questions on Airbnb, STRs, real estate, and everything in between.
Taylor asks:
Can you please break down the Airbnb summer release for us? What do we need to know? Thank you so much. Can't wait to hear your response.
(00:01:13) What’s New with the Airbnb Summer Update?
(00:01:32) NEW Airbnb Icons: Sadly, Mostly Marketing
(00:04:35) Guest-Related Updates in Airbnb’s Summer Release
(00:06:39) Host-Related Updates in Airbnb’s Summer Release
Thanks to everyone who submitted questions. To hear your voice on the show and send a question to Sarah and Annette, submit your burning hosting questions at: hostinghotline.com.
Resources:
• Click here for full show notes
• Airbnb: Summer Release 2024
• Video: Airbnb Platform Updates: What They Mean for Hosts (2023)
• Airbnb Essentials Checklist: hostchecklist.com
Thanks for Visiting is produced by Crate Media.
Mentioned in this episode:
Host Checklist | Grab our Airbnb Essentials Checklist and make stocking your Airbnb a breeze – we've got all your hosting needs covered!
Hosting Business Mastery Method | Join us for our live, free, host masterclass and learn how to OWN your digital real estate!
HBMM | Sign up today at hostmasterclass.com.
Quiz | Take our quiz to reveal your hosting personality style!
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Welcome back to this dedicated series on the acquisition, set-up, and launch of our brand new Hocking Hills vacation rental project. In this episode, we update listeners on the actions we’ve taken since signing the deal, hard decisions we’ve already made, and what’s coming up next.
Golden nuggets include how Sarah has leveraged artificial intelligence to create temporary branding for the property, early thoughts on how we might utilize existing structures (or not), and which critically important tasks we’ve already elected to outsource – two jobs you’ll be very surprised to see we’ve offloaded.
Even before breaking ground, ideas are flying and challenges have mounted. That’s why it’s great to be supported by a team of like-minded experts – as we are – and why we’ve decided to share each and every step along the way with you, our amazing audience.
(00:01:41) #STRShareSunday: @richhollowretreat
(00:03:32) Recapping Our New Hocking Hills Cabin Project
(00:08:53) Now What? Getting Started with Reporting & Planning
(00:15:54) Planning the Plot: Surveying Existing Buildings & Utilities
(00:22:12) Important Steps We’ve Already Outsourced & Why
Resources:
• Click here for full show notes
• #STRShareSunday: @richhollowretreat
• Video: How to Design Your First Airbnb - Essentials
• Airbnb Essentials Checklist: hostchecklist.com
Thanks for Visiting is produced by Crate Media.
Mentioned in this episode:
Minoan | Visit MinoanExperience.com and tell them TFV sent you!
Hostfully | Go to https://www.hostfully.com/influencers/thanks-for-visiting/ and use TFV100 to get $100 off your subscription.
Host Checklist | Grab our Airbnb Essentials Checklist and make stocking your Airbnb a breeze – we've got all your hosting needs covered!
Hosting Business Mastery Method | Join us for our live, free, host masterclass and learn how to OWN your digital real estate!
HBMM | Sign up today at hostmasterclass.com.
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Welcome back to the Hosting Hotline! This is an Ask Me Anything where each week we’ll answer your questions on Airbnb, STRs, real estate, and everything in between.
Angela asks:
One of my properties has a 60% direct booking rate. I'm trying to figure out the best way to adjust my pricing so that my net earnings on a direct booking is slightly higher than when guests book through a third-party platform.
Right now, if I get an Airbnb booking, I pay 3% commission to Airbnb. If I get a direct booking, I pay a 3% commission to Stripe in credit card fees. So I net the same either way, it's only the guest that saves money by booking directly.
I know I can add a booking fee for direct bookings that would increase my bottom line, but I think a long list of fees is a turnoff for guests. I'm curious what's worked for you and what percentage do you add, if any, to your direct booking rate so that you're netting more?
(00:02:03) How Can I Boost Bottom-Line Revenue via Direct Bookings?
(00:03:39) Reframing the Inherent Value of Captured STR Customer Data
(00:05:26) Leveraging PriceLabs Dynamic Pricing to Boost Revenue
Thanks to everyone who submitted questions. To hear your voice on the show and send a question to Sarah and Annette, submit your burning hosting questions at: hostinghotline.com.
Resources:
• Click here for full show notes
• Check out PriceLabs: Start your 30-day free trial
• Angela's properties: lazypinesnm.com
• Video: Dynamic Pricing Software for Airbnb & Short Term Rentals
• Airbnb Essentials Checklist: hostchecklist.com
Thanks for Visiting is produced by Crate Media.
Mentioned in this episode:
Hosting Business Mastery Method | Join us for our live, free, host masterclass and learn how to OWN your digital real estate!
HBMM | Sign up today at hostmasterclass.com.
Quiz | Take our quiz to reveal your hosting personality style!
Host Checklist | Grab our Airbnb Essentials Checklist and make stocking your Airbnb a breeze – we've got all your hosting needs covered!
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Welcome back to the officially unofficial Money Making May, where we have a full month’s worth of content all around pricing profitable properties with PriceLabs!
Today’s expert guest is our very own Chief Operating Officer, Colleen Prochaska! Colleen brings over ten years of hospitality experience as a hotel General Manager for Marriott and Hilton brands to Thanks for Visiting. Her passion lies in supporting guests' experiences and mentoring associates throughout her career. Her philosophy entails equipping the team with tools, providing clear communication, and ensuring success for all.
She’s here today to walk us through a lightning-fast masterclass on revenue management for short-term rentals – highlighting the mind blowing features and money-making capability of our dynamic pricing partner, PriceLabs, along the way.
PriceLabs helps you make more money than you would without it. It's a rare piece of operational software that brings with it an immediate ROI – the holy grail of any business investment, especially when you’re operating on a tight budget or just starting out.
Come for the money-making tips, but stay as Sarah and Colleen air out some dirty laundry on a big mistake we made in Q1 of this year. We are, if nothing else, open and honest in our mission to make you more money on your STR journey!
(00:01:21) #STRShareSunday: @trimbellecottage
(00:03:15) Colleen’s Revenue Management Tips via PriceLabs
(00:20:00) Bigger Picture: Monthly & Annual Pricing Adjustments
(00:27:05) Practical Example of STR Revenue Management Concepts
(00:33:12) We Made This STR Pricing Mistake So You Don’t Have To
Resources:
• Click here for full show notes
• #STRShareSunday: @trimbellecottage
• Check out PriceLabs: Start your 30-day free trial
• Taking Calculated Risks in the STR Industry with Our Chief Operations Officer #271
• Video: Dynamic Pricing Software for Airbnb & Short Term Rentals
• Airbnb Essentials Checklist: hostchecklist.com
Thanks for Visiting is produced by Crate Media.
Mentioned in this episode:
Host Checklist | Grab our Airbnb Essentials Checklist and make stocking your Airbnb a breeze – we've got all your hosting needs covered!
Minoan | Visit MinoanExperience.com and tell them TFV sent you!
Hosting Business Mastery Method | Join us for our live, free, host masterclass and learn how to OWN your digital real estate!
HBMM | Sign up today at hostmasterclass.com.
Hostfully | Go to https://www.hostfully.com/influencers/thanks-for-visiting/ and use TFV100 to get $100 off your subscription.
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Welcome back to the Hosting Hotline! This is an Ask Me Anything where each week we’ll answer your questions on Airbnb, STRs, real estate, and everything in between.
Samantha asks:
What's your take on grills at a short-term rental? I always wanted to stay away because I'm terrified someone will burn down our brand new houses. But we recently had an upcoming guest ask if we had a grill, and they were pretty bummed out that we didn't offer that. Then, they asked us if we could provide one for them. Are we missing out on potential clients? Is it worth it? We would love your insight on this.
(00:01:48) Intro to Grilling at Vacation Homes (Yes, You Need One)
(00:03:10) BTS of Sarah’s Gulf Shores HGTV Experience
(00:05:04) Recommendations for an Airbnb Grill Amenity
(00:06:02) Safety First! How to Encourage Safe Grilling
Thanks to everyone who submitted questions. To hear your voice on the show and send a question to Sarah and Annette, submit your burning hosting questions at: hostinghotline.com.
Resources:
• Click here for full show notes
• Check out Breezeway
• HGTV: Sarah and Nick on Beach Flip
• Video: How To Create An Airbnb Audit - Inspector Checklist
• Airbnb Essentials Checklist: hostchecklist.com
Thanks for Visiting is produced by Crate Media.
Mentioned in this episode:
Host Checklist | Grab our Airbnb Essentials Checklist and make stocking your Airbnb a breeze – we've got all your hosting needs covered!
Hosting Business Mastery Method | Join us for our live, free, host masterclass and learn how to OWN your digital real estate!
HBMM | Sign up today at hostmasterclass.com.
Quiz | Take our quiz to reveal your hosting personality style!
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Today it’s time to get serious – as serious as a catastrophic house fire. With no exaggeration, it is essential that any short-term rental host, or aspiring host, listen into this entire episode.
This week’s expert guest is Nicholas Libertin. He and his wife live in the Cleveland area and host a vacation rental in Fort Lauderdale, Florida. His area of expertise, unfortunately, lies in his experience with a second listing – a mountain cabin – which tragically burnt down in January of this year.
No one was hurt. But the entire home was lost to the fire.
Nick is incredibly gracious and, in an effort to better educate the STR community, came ready and willing to detail his entire experience with this worst-case scenario come true. He walks us through that fateful day, how he was informed, who he called first, and all of the important roles played – from his insurance (proper.insure) and mortgage providers, to Airbnb and AirCover.
So, what happens when the worst possible thing you can imagine, as an Airbnb host, interrupts your weekday Zoom meeting?
Nick walks us through the painful emotions, the disappointing community fallout, and the difficult decisions that he and his wife were forced into as a result of the fire – providing an invaluable service to all of us in this industry. Be sure to stick around for his well-earned takeaway tips and required homework assignments.
(00:01:22) #STRShareSunday: @cancast_seaside
(00:02:50) Nicholas Libertin: Getting Started in Vacation Rentals
(00:09:27) Intro to Nick’s Blue Ridge Short-Term Rental Project
(00:13:17) A Catastrophic House Fire: January 4th, 2024
(00:24:23) What To Do With a Burned Down Airbnb?
(00:37:20) AirCover for Hosts: Nick’s First-Hand Experience
(00:43:50) Now What? Next Steps at the Property
Resources:
• #STRShareSunday: @cancast_seaside
• Direct Booking: villaatvictoriapark.lodgify.com
• Email: [email protected]
• Photos: See the post-fire property
• Proper Insurance: proper.insure
• Read: Long-Distance Real Estate Investing by David Greene
• Video: Damage Claims: Airbnb Hosting Hot Tips!
• Airbnb Essentials Checklist: hostchecklist.com
Thanks for Visiting is produced by Crate Media.
Mentioned in this episode:
Host Checklist | Grab our Airbnb Essentials Checklist and make stocking your Airbnb a breeze – we've got all your hosting needs covered!
Minoan | Visit MinoanExperience.com and tell them TFV sent you!
Hostfully | Go to https://www.hostfully.com/influencers/thanks-for-visiting/ and use TFV100 to get $100 off your subscription.
Hosting Business Mastery Method | Join us for our live, free, host...
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Welcome back to the Hosting Hotline! This is an Ask Me Anything where each week we’ll answer your questions on Airbnb, STRs, real estate, and everything in between.
A listener asks:
I already use dynamic pricing strategies in my business right now. I see that Airbnb is making some changes to their fees. The host fee for me is going up from 3% to 15% and the guest is paying nothing. With that in mind, does it still make sense for me to use dynamic pricing tools?
(00:01:16) Airbnb Hosting Fees vs. Dynamic Pricing Tools
(00:02:26) Make Thorough Bookkeeping a Priority for Your STR Business
(00:04:05) Why We Recommend PriceLabs Dynamic Pricing Software
Thanks to everyone who submitted questions. To hear your voice on the show and send a question to Sarah and Annette, submit your burning hosting questions at: hostinghotline.com.
Resources:
• Check out PriceLabs: Start your 30-day free trial
• Video: Dynamic Pricing Software for Airbnb & Short Term Rentals
• Airbnb Essentials Checklist: hostchecklist.com
Thanks for Visiting is produced by Crate Media.
Mentioned in this episode:
Hosting Business Mastery Method | Join us for our live, free, host masterclass and learn how to OWN your digital real estate!
HBMM | Sign up today at hostmasterclass.com.
Quiz | Take our quiz to reveal your hosting personality style!
Host Checklist | Grab our Airbnb Essentials Checklist and make stocking your Airbnb a breeze – we've got all your hosting needs covered!
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Welcome to the officially unofficial Money Making May, where we have a full month’s worth of content all around pricing profitable properties with PriceLabs!
Today’s expert guest is Michael Lacalle, a teacher, husband, and father of two who stumbled into house hacking as a means to afford living on the Central Coast of California. From there, he got the real estate bug and now owns five short-term rental listings on three separate properties (HINT: He is looking to partner with like-minded investors and scale his portfolio!)
We chat with Michael about his inspiring three-tiered story – launching a studio STR space attached to his first home purchase, rolling the dice on a wait-and-see vacation rental project in Joshua Tree, and partnering up for a sprawling cabin escape in New York.
We also touch on a few important niche STR subjects, like how he’s leveraged dynamic pricing to get the most out of his listings and seller financing – who, what, where, when, and why it makes so much sense for both the seller and the buyer.
We met Michael in a moment of cosmic fate, in an airport of all places, and were enthralled with his willingness to share the nitty gritty details of his various deals, processes, and plans. He’s another great example of a real life person, just like you, out there doing his thing and having great success in this industry through passion and purpose.
(00:01:28) #STRShareSunday: @treebonesresort
(00:07:08) Launching a Short-Term Rental in Central California
(00:22:03) Expanding His Portfolio of Investment Properties
(00:29:53) Understanding Seller-Financed Deals
(00:36:59) Prepping Operations for a Cross-Country STR Listing
(00:52:48) Michael’s Top Short-Term Rental Hosting Hot Tips
Resources:
• #STRShareSunday: @treebonesresort
• Instagram: @michael_lacalle_real_estate
• Check out PriceLabs: Start your 30-day free trial
• Video: Funding Your NEXT Airbnb or Real Estate Property
• Recommended Short-Term Rental Training Tools & Software #338
• Airbnb Essentials Checklist: hostchecklist.com
Thanks for Visiting is produced by Crate Media.
Mentioned in this episode:
Minoan | Visit MinoanExperience.com and tell them TFV sent you!
Host Checklist | Grab our Airbnb Essentials Checklist and make stocking your Airbnb a breeze – we've got all your hosting needs covered!
Hosting Business Mastery Method | Join us for our live, free, host masterclass and learn how to OWN your digital real estate!
HBMM | Sign up today at hostmasterclass.com.
Hostfully | Go to https://www.hostfully.com/influencers/thanks-for-visiting/ and use TFV100 to get $100 off your subscription.
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Welcome back to the Hosting Hotline! This is an Ask Me Anything where each week we’ll answer your questions on Airbnb, STRs, real estate, and everything in between.
Russell asks:
Hosts are seeing so much out there right now about cameras and Airbnb. I have one on my front porch. Is this still okay? Can you guys cut through all the noise and tell us exactly what we need to know about the cameras? Can we have them? Should we have them?
(00:01:10) What’s the Deal with Cameras & Airbnb?
(00:02:27) Exact Verbiage of Airbnb’s New Camera Policy
(00:05:55) Combatting Public Concern Over Hidden STR Cameras
(00:07:31) Other Useful (and Legal) Airbnb Monitoring Sensors
(00:09:39) How to Get Camera Compliant on Your Airbnb Listing
Thanks to everyone who submitted questions. To hear your voice on the show and send a question to Sarah and Annette, submit your burning hosting questions at: hostinghotline.com.
Resources:
• Important: Airbnb Camera Policy
• NoiseAware | The Indoor and Outdoor Sensors monitor noise levels at your property and will alert you through your Dashboard or Mobile App when the noise levels go over your set thresholds. Use code TFVNA20 for 20% off ($144/year including 1 free indoor sensor) and 20% off any additional indoor or outdoor sensors.
• Video: Noise Aware - for Noisy Airbnb Guests
• Airbnb Essentials Checklist: hostchecklist.com
Thanks for Visiting is produced by Crate Media.
Mentioned in this episode:
Hosting Business Mastery Method | Join us for our live, free, host masterclass and learn how to OWN your digital real estate!
HBMM | Sign up today at hostmasterclass.com.
Quiz | Take our quiz to reveal your hosting personality style!
Host Checklist | Grab our Airbnb Essentials Checklist and make stocking your Airbnb a breeze – we've got all your hosting needs covered!
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This week’s expert guest is Kristie Wolfe, creative off-grid builder and short-term rental superstar. With her one-of-a-kind projects, her focus is on creating unforgettable guest experiences, not just accommodations.
Kristie is not only the builder in her business, she is also the designer, and she crafts some of Airbnb's most sought-after wishlist stays. She has several tree houses, a hobbit hole, a cocoon cottage, a shipwreck, and even a potato hotel – properties which have earned thousands of five-star reviews as the main attraction to niche travelers from all over the world.
Our chat with Kristie is one of the most entertaining and educational we’ve ever had!
We get all the juicy details about her first treehouse build in the Hawaiian jungle, that time she bought a shipwreck on Craigslist, touring the country to promote Idaho Potatoes, and so many other memorable and meaningful stories from across her accomplished career.
The creative nuggets in this one are uber inspiring – packed with a zest for life and artistic expression that you’ll hear in Kristie’s voice. But she doesn’t stop there! About halfway through this one, she drops the mic with several solid gold operational tidbits that will change how you think about running your short-term rental business.
For years, we’ve had Kristie Wolfe atop our list of dream podcast guests – and, dear listeners, she delivered in a major way. We’re so thankful for her spending her valuable time with us today and look forward to following along with her latest treehouse museum project.
(00:01:27) #STRShareSunday: @ae.premiumrentals
(00:03:35) Introducing: Creative Builder, Kristie Wolfe
(00:12:35) Building a Short-Term Rental in the Jungle
(00:19:32) Kristie Wolfe’s Eclectic Portfolio of Rental Properties
(00:26:54) Pro Tips on Juggling Hosting While Completing Builds
(00:41:45) One-of-a-Kind Listings: Cocoon Cottage & Shipwreck House
(00:50:47) Kristie’s Advice for STR Hosts & Aspiring Builders
Resources:
• #STRShareSunday: @ae.premiumrentals
• Instagram: @kristiemaewolfe
• Website: kristiewolfe.com
• LinkTree: linktr.ee/kristiemaewolfe
• Airbnb Essentials Checklist: hostchecklist.com
• Video: How to Design Your First Airbnb - Essentials
Thanks for Visiting is produced by Crate Media.
Mentioned in this episode:
Hostfully | Go to https://www.hostfully.com/influencers/thanks-for-visiting/ and use TFV100 to get $100 off your subscription.
Hosting Business Mastery Method | Join us for our live, free, host masterclass and learn how to OWN your digital real estate!
HBMM | Sign up today at hostmasterclass.com.
Host Checklist | Grab our Airbnb Essentials Checklist and make stocking your Airbnb a breeze – we've got all your hosting needs covered!
Minoan | Visit MinoanExperience.com and tell them TFV sent you!
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Welcome back to the Hosting Hotline! This is an Ask Me Anything where each week we’ll answer your questions on Airbnb, STRs, real estate, and everything in between.
Kendra asks:
We purchased a property, my husband's pipe dream, in western Wisconsin on the trout streams where he grew up fishing. We launched it on Airbnb and VRBO in March. It's called the Trimbelle Cottage and we've had good success with consistent bookings and buzz in the area since that time.
We had someone reach out asking to book it as a mid-term rental from November through March of next year. I believe those would be our slower months anyway. But it's hard to know because we haven't had it on the market for a whole year yet.
We're trying to decide if it's best for us to go for what seems to be a safer mid-term route. Do we risk losing ground in the STR market, on the algorithm, Instagram, or word of mouth?
We would love to hear your thoughts on the pros and cons of taking a mid-term rental vs. keeping it on the STR market through the down season. Thank you so much.
(00:03:01) Should We Convert to Mid-Term for Our Slow Rental Season?
(00:04:34) Understanding Risk & Knowing Your Why
(00:05:14) The (Harsh) Realities of Today’s Mid-Term Rental Market
(00:06:21) Prioritize Running Your Numbers with PriceLabs
(00:07:39) Nurture Existing Guest Leads: All of Them!
(00:10:19) Specific Prep & Comms for a Mid-Term Pivot
Thanks to everyone who submitted questions. To hear your voice on the show and send a question to Sarah and Annette, submit your burning hosting questions at: hostinghotline.com.
Resources:
• PriceLabs Free Trial
• Video: 3 Analytics Airbnb Hosts Need to be Tracking
• Airbnb Essentials Checklist: hostchecklist.com
Thanks for Visiting is produced by Crate Media.
Mentioned in this episode:
StayFi | Go to www.stayfi.com and enter TFV to get 50% off your first three months.
Quiz | Take our quiz to reveal your hosting personality style!
Hosting Business Mastery Method | Join us for our live, free, host masterclass and learn how to OWN your digital real estate!
HBMM | Sign up today at hostmasterclass.com.
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Today’s expert guests are Austin and Karlee Phippen, operators of an expanding portfolio of hospitality brands and businesses in scenic Northern New Mexico. Starting in just 2019, they’ve already built an empire in Chama – from boutique hotel rooms, a 16-room motel, a dozen co-hosted properties, and a sprawling ranch wedding venue.
With Austin’s background in construction, and Karlee’s formal education and experience in the hospitality industry, magic was bound to be made when these two teamed up. We hear all about how they took on the motel project, detail the fairytale love story behind their wedding venue, unpack how they collected a dozen co-hosting deals, and explain how they keep it all together – in their hearts, minds, and in their paperwork.
As members of our Hosting Business Mastery Method membership, we’ve had front-row seats to Austin and Karlee’s growth (and many challenges) along the way. We’re so excited to bring that story to the larger hosting community today.
(00:01:29) #STRShareSunday: @bluebirddaycottagemarin
(00:03:12) Thanks For Visiting Content Announcements
(00:06:14) Pairing a Wedding Venue with a Motel
(00:15:32) Renovating, Repairing, Remodeling & Running a Remote Motel
(00:21:55) Detailing Their Expanding Business Model
(00:30:45) Current-Day Operations at Chama Trails Motel
(00:38:31) A Classic Love Story at Log River Ranch
(00:41:10) Division of Time, Labor & Profits
Resources:
• #STRShareSunday: @bluebirddaycottagemarin
• Chama Trails Motel: chamatrailsmotel.com
• Instagram: @chamatrailsmotel
• Sterling & Sage Lofts: sterlingandsagechama.com
• Turquoise Antler Co-Hosting: turquoiseantler.com
• Log River Ranch Wedding Venue: logriverranch.com
• Instagram: @logriverranch
• Video: How to Become an Airbnb Co-Host
• Airbnb Essentials Checklist: hostchecklist.com
Thanks for Visiting is produced by Crate Media.
Mentioned in this episode:
Minoan | Visit MinoanExperience.com and tell them TFV sent you!
Hosting Business Mastery Method | Join us for our live, free, host masterclass and learn how to OWN your digital real estate!
HBMM | Sign up today at hostmasterclass.com.
Host Checklist | Grab our Airbnb Essentials Checklist and make stocking your Airbnb a breeze – we've got all your hosting needs covered!
Hostfully | Go to https://www.hostfully.com/influencers/thanks-for-visiting/ and use TFV100 to get $100 off your subscription.
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Welcome back to the Hosting Hotline! This is an Ask Me Anything where each week we’ll answer your questions on Airbnb, STRs, real estate, and everything in between.
Bri asks:
How do I prepare guests for nuisance neighbors? I have a neighbor who lives two houses down and he is senile. He does get really chatty and he has doomsday stories.
The other day, my guest engaged in conversation with him, and the story is always the same about wanting to get rid of the drug dealers in the neighborhood, and the prostitution, and all of these sorts of things. It made my guest so uncomfortable that she sent me a message.
It used to be a rough neighborhood. Now, it's an up-and-coming neighborhood, but it still looks rough around the edges. There's nothing to be afraid of. I'm not sure how to relay that to my guests. Thanks for your wisdom.
(00:02:08) Dealing with Chatty Neighbors at Your Short-Term Rental
(00:04:05) Your Guest’s Experience is Most Important
(00:08:49) Impress Airbnb Guests with Transparency & Honesty
Thanks to everyone who submitted questions. To hear your voice on the show and send a question to Sarah and Annette, submit your burning hosting questions at: hostinghotline.com.
Resources:
• Relevant Video: How to Improve Check-In Experience for Airbnb Guests
• Visit thanksforvisiting.com/workshop to watch our Hosting Business Mastery Method workshop!
• Airbnb Essentials Checklist: hostchecklist.com
Thanks for Visiting is produced by Crate Media.
Mentioned in this episode:
Quiz | Take our quiz to reveal your hosting personality style!
Hosting Business Mastery Method | Join us for our live, free, host masterclass and learn how to OWN your digital real estate!
HBMM | Sign up today at hostmasterclass.com.
StayFi | Go to www.stayfi.com and enter TFV to get 50% off your first three months.
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