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

Latest Episodes:

How to Build a Lifestyle Business Hosting Remotely Aug 08, 2022

Show notes

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.

Topics Covered

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

Connect with Sean

Sean on LinkedIn

Resources

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 jasper@getpaidforyourpad.com

Topics Covered

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

Resources

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 jasper@getpaidforyourpad.com

Topics Covered

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

Connect with Toby

The Cajun Traveler on Facebook

The Cajun Traveler on Instagram

Resources

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

Get Paid for Your Pad Newsletter

STR Legends Mastermind

Email jasper@getpaidforyourpad.com

Legends X Class 4 Enrollment is OPEN Jul 22, 2022

Show notes

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.

Topics Covered

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

Resources

Legends X Class 4 Enrollment

From Hectic Host to Legend in Less Than 1 Year

FREE Airbnb Starter Guide

Subscribe to GPFYP on Apple Podcasts

Get Paid for Your Pad Email List

Email jasper@getpaidforyourpad.com

Sponsor

Legends X STR Accelerator

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

From Hectic Host to Legend in Less Than 1 Year Jul 19, 2022

Show notes

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.

Topics Covered

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

Connect with Thomas Barry

Hosting From the Heart

HFTH on Instagram

Resources

Legends X STR Accelerator

Get Paid for Your Pad Newsletter

STR Legends Mastermind

Email jasper@getpaidforyourpad.com

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

Define your guest avatar to attract more bookings Jul 15, 2022

Show notes

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

Scaling the Ownership Model in a Secondary Market Jul 11, 2022

Show notes

One of the biggest challenges of the ownership model is scaling fast. It requires capital, partners, and contractors to keep things going.

All significant challenges, especially when based in a secondary market.

In January 2018, Rob Scarborough went from real estate flipper to accidental Airbnb short-term rental host. His company, Just Like Home Vacation Rentals, based in the Kansas City Metro market, got its start on the ownership side of things. Rob, who recently completed the Legends X program, has now leveraged the tools he learned in the program to grow his company to beyond what he thought was possible.

On this episode of Get Paid for Your Pad, Rob joins me to walk us through his accidental start in the Airbnb market, the challenges of STR ownership and his 3 tips for flourishing in the ownership model.

Listen in as Rob shares ‌how he’s using his experience to segue into the property management side of the STR industry. Plus, what he and his team learned from Legends X that is helping his company scale more quickly than they ever dreamed.

Topics Covered

Why Rob chose the ownership model for Just Like Home Vacation Rentals
The biggest advantage of the STR ownership model
3 tips for flourishing in the ownership model
What to keep in mind when setting up your STR business
Creative ways to find capital for your STR investment properties
The best way to find the contractors you need in a smaller market
The top 3 challenges of scaling the ownership model
The tactic Rob and his partners use to force appreciation
How Rob’s own vacation persona affects his Airbnb ownership personality
What the COVID crisis did to solidify their business model
How Legends X helped Rob and his team grow beyond what they thought was possible

Connect with Rob Scarborough

Email Rob

Resources

Legends X STR Accelerator

Get Paid for Your Pad Newsletter

STR Legends Mastermind

Email jasper@getpaidforyourpad.com

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

Free Workshop to Scale Your Airbnb Business Jul 08, 2022

Show notes

Every day through our various programs, Eric speaks with people worldwide running STR businesses, and he always asks them the same 3 questions.

They often don't have the answers because they are too tied up in the day-to-day and unclear about where they're going with their company.

But the answers to those questions could be the difference between a burned-out hectic host and owning a million-dollar Airbnb business.

So, what are those questions? And what can you do to get the clarity you need to scale your STR business in any economy?

On this episode of Get Paid for Your Pad, Eric and I announce our upcoming FREE 2-hour workshop called The Step-By-Step Plan For Scaling Your Airbnb Business to $1M and Beyond that will help you answer those questions and more.

We share the mission behind Overnight Success and discuss the key to making educated, empowering decisions that will set your STR business up for long-term growth, no matter the economic situation.

Listen in for the full details on this hands-on workshop where Eric and I will work with you to implement vital systems and processes from our 90 Day Legends X Program, giving you the takeaways you need to scale your STR Business NOW.

Click here to learn more and reserve your spot for The Step-By-Step Plan for Scaling Your Airbnb Business to $1M and Beyond TODAY!

Topics Covered

The Overnight Success mission statement for a successful impact on the STR industry
How your mission statement impacts the success of your business
Why we chose the parts of the 90 Day Legends X Program we will be sharing with you in the workshop
The most powerful way to energize your entire team
How to flip the switch from scarcity to an abundant mindset
What to pay attention to NOW in your business
The key to preparing your business for a slowdown in the economy
The critical elements you need for ultimate growth in your STR business