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

Get Paid For Your Pad is the go-to podcast for Airbnb hosts, short-term rental operators, and vacation rental entrepreneurs who want to scale smarter, earn more, and stay ahead of industry shifts.

Hosted by Jasper Ribbers, Eric Moeller, and Kaye Putnam from Freewyld Foundry, this podcast delivers actionable tips on Airbnb pricing strategies, revenue management, direct bookings, listing optimization, and guest experience. You’ll hear from real hosts, property managers, and industry pros who share behind-the-scenes insights, lessons learned, and the systems they use to grow profitable STR businesses.

Whether you’re managing one property or one hundred, you’ll walk away with practical strategies to increase occupancy, boost profits, and build a sustainable short-term rental brand.

Tune in weekly to learn how to thrive in today’s competitive Airbnb market, and get paid what you’re worth.

Freewyld Foundry offers revenue and pricing management (RPM) services to the top 1% of STR hosts. Learn more and request a free Revenue Report: https://www.freewyldfoundry.com

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

Copyright: © Jasper Ribbers

Latest Episodes:

How to Grow Your Airbnb Business Using Multiple Airbnb Accounts Jul 04, 2022

Show notes

It's helpful for property management companies to use multiple Airbnb accounts to simplify overseeing numerous properties.

But what are the pros and cons of managing several accounts? And how can you set things up for more autonomy?

Jason Sterner is the Founder and CEO of Southern Homestay, LLC. Since its inception in 2017, Southern Homestay has strived to create exceptional experiences for its guests while helping investors turn their property liability into income-producing assets through Airbnb. The company aim is to serve people well while building long-term, lasting relationships with its clients.

On this episode of Get Paid for Your Pad, Jason joins me to explain how he got started in the Airbnb space, how his family built their business and the lessons they've learned along the way.

He shares some of the challenges and payoffs of managing multiple Airbnb listings and how Southern Homestay is adding value to their business partnerships.

Listen in for Jason's insight into how to streamline multiple Airbnb accounts to grow your STR business. Plus, what he and his team learned from Legends X that helped solidify their vision for growth.

Topics Covered

How networking helped Jason build his business

How Jason and Southern Homestay are helping people make more money by doing less

The most important decision to make when setting up multiple Airbnb accounts

The number 1 move Jason made to streamline his business and increase cash flow

The 3 best reasons to use multiple Airbnb accounts

The 2 biggest disadvantages of having multiple Airbnb accounts

How Legends X helped the Southern Homestay team crystalize their goals for the future

Connect with Jason Sterner

Southern Homestay, LLC.

Jason on LinkedIn

Resources

Get Paid for Your Pad Newsletter

Legends X STR Accelerator

STR Legends Mastermind

Email jasper@getpaidforyourpad.com

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

Leverage Leadership and Culture to Scale Your Airbnb Business Jul 01, 2022

Show notes

If you're trying to build a business, you must lead other people. If you're not leading people, you just have a job.

When starting out, entrepreneurs often show up with ego, fear, and concern and try to control every situation. But that doesn't solve problems. Your ego might get a win, but you're not actually getting closer to your end goal.

So, what is leadership, really? And how can you become a better leader for your team?

On this episode of Get Paid for Your Pad, Eric and I explain why leadership is the number one skill set you need to learn to grow your business.

We'll share the difference between leaders and managers and how great leadership inspires teams to work together toward a primary goal, setting the tone for the organization's culture.

We discuss unconscious ways you might be affecting your culture and your business in a negative way and share some resources that will help you become a better leader for your team.

Listen in to understand why it's critical to build your leadership skills to grow something bigger than yourself. Plus, why leadership skills are transferable to every aspect of your life!

Topics Covered

3 ways becoming a better leader will help you fulfill your business goals
How to look at your team through the lens of a leader
What is the pizza concept for leadership
Solve problems vs. telling people what to do
The 4 main elements of great leadership
What does it mean to take radical responsibility
The ‘90 Second rule’ for overcoming your emotions
Why it's essential to set the standard for the future leaders on your team
How to set the tone and communicate the culture of your organization

Resources

Extreme Ownership: How U.S. Navy SEALs Lead and Win

The Dichotomy of Leadership: Balancing the Challenges of Extreme Ownership to Lead and Win

The 15 Commitments of Conscious Leadership: A New Paradigm for Sustainable Success

Can't Hurt Me: Master Your Mind and Defy the Odds

Leadership vs. Authority | Simon Sinek

How to overcome STRESSFUL THOUGHTS (90-SEC RULE) | Tony Robbins

Steve Schwab Founder/ CEO at Casago on LinkedIn

Subscribe to GPFYP on Apple Podcasts

Get Paid for Your Pad Email List

Legends X Short-Term Rental Accelerator

STR Legends Mastermind

Email jasper@getpaidforyourpad.com

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

Optimize Your Airbnb Prices with Beyond Jun 27, 2022

Show notes

Do you want to maximize your Airbnb rental revenue without spending hours adjusting your prices?

As Airbnb hosts, we want to set the best price for our listings to both leverage our income and increase our bookings.

But how do we do that without a lot of hands-on management?

Jeff Breece is the Head of Revenue Management at Beyond, formerly Beyond Pricing. Since 2013, Beyond has been providing STR managers and owners the tools to help them get, grow, and keep more revenue by using automated dynamic pricing for the best price every day.

On this episode of Get Paid for Your Pad, Jeff joins me to explain how to put Beyond's dynamic pricing algorithm to work for you to increase the revenue on your listings.

He shares the key areas STR business owners should examine when they start using pricing algorithm software as well as common mistakes to avoid.

Listen in for Jeff's insight into what variables to consider when setting your base price and the most important metrics to focus on to maximize your revenue.

Topics Covered

The most important things to focus on when you first start using a pricing algorithm
What is the most critical listing pricing number
Why it's vital to know the marginal cost of a night's stay for your listing
What factors to consider when determining the highest revenue base price
What the health score tells a STR manager
How to use the metrics to match your minimum night stays to the market
What is the number 1 factor that affects your STR revenue bottom line
How to fill calendar gaps using incentives without having a 'fire sale'
3 factors to account for when using last-minute discounts
The 2 most common mistakes STR hosts make when they begin using Beyond
How your pricing strategies change as you scale
Why it's not just about revenue, the other highly valuable pieces of the booking puzzle

Connect with Jeff Breece

Email Jeff

Resources

Try Beyond free for 30 days

Get Paid for Your Pad YouTube Channel

Get Paid for Your Pad Newsletter

Legends X STR Accelerator

STR Legends Mastermind

Email jasper@getpaidforyourpad.com

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

What we learned at the STR Legends Mastermind Jun 24, 2022

Show notes

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

Best Practices for Working with Influencers to Market Your Airbnbs Jun 20, 2022

Show notes

What if you could turn openings on your Airbnb calendar into free marketing?

Jordan Kahana is the Cofounder of Stayamo, a platform that connects STR hosts with social media influencers, allowing vacation rental operators to exchange free stays for promotion from top content creators.

On this episode of Get Paid for Your Pad, Jordan joins me to explore how Airbnb hosts benefit from working with an influencer, explaining how to use lifestyle photography to market your STR and what to do if your unit isn’t Instagrammable.

He discusses why the quality of an influencer’s photos is as important as their follower count and describes how to hold a content creator accountable for delivering on your agreement.

Listen in to understand best practices for working with content creators to market your STRs and learn how Stayamo can help you connect with influencers who are the right fit for your Airbnb!

Topics Covered

How Jordan defines a social media influencer vs. a content creator

How an Airbnb host benefits from working with an influencer (i.e.: content, exposure, etc.)

Using lifestyle photography to market your Airbnb

Why Jordan recommends offering a 2-night window for an influencer to stay for free

Why the quality of an influencer’s photos is as important as follower count

What to do if your Airbnb isn’t Instagrammable

Best practices for working with an influencer to market your STR

Why Jordan suggests asking influencers to book your unit through Airbnb

How to set up an account and find influencers on Stayamo

How influencers benefit from building relationships with STR hosts

Connect with Jordan Kahana

Resources

Legends X STR Accelerator

Email jasper@getpaidforyourpad.com

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

Short-term Rental Startup Sonder Cuts Staff 20% Jun 17, 2022

Show notes

Things are changing and evolving in the economy, and with rising rents and fluctuation in the real estate industry, it was bound to trickle down into the STR market.

This week Sonder, one of the biggest short-term rental companies in the world, announced it is cutting 20% of its workforce.

On this edition of STR Conversations, Eric and I walk you through Sonder's announcement, their first-quarter losses, and the reality of the over-leveraged master leasing model in a post-Covid market.

We discuss what we believe the forecast will be for the STR industry as the crowds return to travel with the current economic correction filtering into cost-of-living increases across the board.

Listen in to learn how to position yourself to ride the waves. We’ll offer insight into how to take advantage of the opportunities in real estate and diversify your income streams to handle any season and situation in your STR business. Plus, the two places that are always worth investing in, no matter the economy.

Would you like a sneak peek at our STR Legends LIVE event happening June 16th - 20th, 2022, at an incredible beachfront STR property in Oaxaca, Mexico? We'll be sharing stories and photos on social media, so follow Jasper on Instagram and Eric on Instagram and search the #STRLegends hashtag.

Topics Covered

What economic factors led Sonder to this point

The critical importance of scenario analysis

How STR entrepreneurs can position themselves to take on more real estate in this market

How to put yourself in a position to put OPM - other people's money - to work for your STR business

Why diversifying is the key to survival and even success in a downturn

The 2 critical area to invest in now for more stability in any economy

Resources

Sonder Restructuring to Include Layoffs, Growth Limits

Winter is Coming...But When? Tony Robbins Podcast

The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness

Steve Schwab Founder/ CEO at Casago on LinkedIn

Get Funding to Grow Your Airbnb Portfolio with Nectar (Ep444)

Join the Overnight Success Team

Legends X STR Accelerator

Jasper on Instagram

Eric on Instagram

Subscribe to GPFYP on Apple Podcasts

FREE Airbnb Starter Guide

STR Profit Academy

Overnight Success

Email team@overnightsuccess.io

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

Stand out on Airbnb with Extremely Themed Units Jun 13, 2022

Show notes

In this economy, traveling millennials and more are flocking to destinations based on their desire to fill their social feeds with swoon-worthy pictures from Instagrammable destinations.

Late to the Airbnb game but ready to take the plunge, my guest Jeff Brown, the Co-Founder at Loma Homes, did the research, and the results told them Orlando was the place to be with excellent profitability potential.

But upon closer inspection, they found out there were 10s of thousands of vacation rentals in the highly competitive theme park mecca. To stand out and be competitive, they would need to differentiate their units in a BIG way.

On this episode of Get Paid for Your Pad, Jeff joins me to share how Loma Homes partnered with specialty contractors to create their sought-after properties. With names such as Once Upon a Castle and Pirates Pearl and showcasing amenities such as a Cinderella carriage bed and Southern-style wraparound balconies, Jeff and his team have taken leveraging Instagram-worthy destinations to a new level.

Listen in as Jeff walks us through some affordable ways STR hosts can add a theme to a unit to give it that photo-worthy luxury quality without breaking the bank. Plus, he shares his insight into the opportunities available in the current Airbnb model and why now is still an excellent time for entrepreneurs and investors to jump into the STR market.

Topics Covered

How Jeff and his team worked with custom contractors to create custom beds, fog machines, and lighting effects for their themed units
Why location, location, location is more important now than ever
How to invest in resort areas with high seasons for peak income flow
Jeff’s take on the current opportunities available in the Airbnb model
What Loma Homes is working on now to compete in the current market and beyond
Why Jeff thinks now might be the perfect time to jump into the STR market

Connect with Jeff

jeff@loma-homes.com

Resources

Get Paid for Your Pad YouTube Channel

Legends X STR Accelerator

STR Legends Mastermind

Get Paid for Your Pad Newsletter

Email jasper@getpaidforyourpad.com

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

How to Accomplish More Through Effective Goal Setting Jun 10, 2022

Show notes

We all have BIG things we want to achieve in our personal lives and our businesses.

But did you know that unless you get clear on what you really want to accomplish, you can get overwhelmed in building your business without ever achieving your big-picture vision?

On this edition of STR Conversations, Eric and I walk you through how to accomplish more in your business and personal life through effective goal setting.

We discuss the two biggest mistakes entrepreneurs make when setting goals plus and we’ll walk you through the 3-step action plan we use for setting goals in our businesses.

I’ll share a story of a personal goal I’m working to achieve, my WHY, and my action plan to get there, and Eric will share a tool he uses to stay on track when he feels like giving up.

Listen in to learn the importance of setting compelling North Star goals for your business and the steps you need to take to get laser-focused so you can achieve them. Plus, the most powerful thing you can do today to reach your biggest goals.

Topics Covered

Why both small goals and big goals require the same process to achieve
The bucket and rocks goal action plan for reaching more of your targets
Two tools to help you stay accountable to your big picture goals
The one move that gets your subconscious involved and tells your brain to go to work on achieving your goals
The gut check to make sure you are setting the right goals for yourself and your business
The most powerful step you can take each day to achieve your goals
How to determine if your action plan is getting you closer to your goals
The big difference between reevaluating and giving up on your goals
The number 1 thing you can do to achieve your number 1 goal

Resources

Tony Robbins Motivation—How to Visualize to Get What You Want

The 15 Commitments of Conscious Leadership: A New Paradigm for Sustainable Success

Join the Overnight Success Team

Legends X STR Accelerator

Jasper on Instagram

Eric on Instagram

Get Paid for Your Pad Email List

Subscribe to GPFYP on Apple Podcasts

FREE Airbnb Starter Guide

STR Profit Academy

Overnight Success

Email team@overnightsuccess.io

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

How to Operate Your Airbnb Business Like a Machine Jun 06, 2022

Show notes

Are you thinking of hiring an operations manager to help scale your Airbnb business?

Before you start interviewing candidates, it’s important to know exactly what an ops manager does and carefully consider whether that’s the hire you need right now.

Aaron Whelan is the Chief Operating Officer here at Overnight Success. He has extensive operations management experience across several industries, primarily serving clients in the coaching, consulting and online education space before joining our team a year ago.

On this episode of Get Paid for Your Pad, Aaron joins me to discuss the responsibilities of an operations manager and describe the top three qualities to look for in a COO for your Airbnb business.

He explains how to decide what tasks you want to delegate and build a job scorecard for the roles, offering advice on when to build systems and how to train new hires on your short-term rental processes.

Listen in for Aaron’s insight around the most common challenges entrepreneurs face in achieving scale and find out what it takes to operate your Airbnb business like a machine!

Topics Covered

Aaron's experience as an Airbnb guest (including 4 years as a digital nomad)
Aaron’s advice for STR hosts around listing photos, communication and welcoming touches
The role of an operations manager in a vacation rental business
How to decide what responsibilities you want to delegate and build a job scorecard for the role
Why Aaron recommends hiring an experienced operations manager who knows every aspect of the STR business
The top 3 qualities to look for in an operations manager for your Airbnb business
Aaron’s insight on the most common challenges entrepreneurs face in scaling a business
When an Airbnb host should start thinking about building systems
Aaron’s experience working with Overnight Success and the company’s systems mindset
How a clearly defined vision and customer avatar make decisions easier
The open role for Digital Content Manager on the Overnight Success team

Connect with Aaron Whelan

Overnight Success

Resources

Open Roles at Overnight Success

Legends X STR Accelerator

Email jasper@getpaidforyourpad.com

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

How You Can be Part of the Overnight Success Team Jun 03, 2022

Show notes

No matter the size, all business owners have the same challenges, just on a different scale.

And hiring is one of the biggest challenges any leader can take on in their business. When Eric and I started hiring, we looked for one thing, somebody with the skills to complete a task. Since then, we've evolved in our business and how we seek to fill the roles on our team.

On this edition of STR Conversations, Eric and I walk you through the 4 biggest lessons we've learned about finding the right team members.

We discuss where to start the hiring process and the tools you can use to scope out the competition so you can be sure you are hiring snipers instead of generalists. Plus, we'll share an insider tip on how to attract and hire A-Players, no matter the size of your business.

Listen in for a look at our specialized application funnel and how we measure the success of our team members. Plus, we share the most valuable tips we've gathered from the experts on finding the people who understand your vision and who will be a part of your team for the long haul.

Would you like to be part of the Overnight Success Team? We are Hiring! We're seeking a Digital Content Manager and an Enrollment Specialist.

Know someone who would be a good fit? We're now offering a hiring referral bonus, so be sure to forward this to those A-Players in your network and be sure they tell us you sent them.

Topics Covered

How hiring evolves within a company as the company grows
The BIG difference between busy team members and those who move the needle
How to develop the skills that will help you cut through the BS and discover someone's true character
Why hiring slow and firing fast is actually a win-win for all parties involved
How to use Glassdoor and Upwork to scope out both the talent and the competition
How to use a referral program to invest in your network and find top talent
How to incentivize the best talent to join your company even when you can't afford them (YET)
Our key piece of advice to alleviate the fear of hiring A-players
Why sharing MORE details about your company vision is the biggest key to successful hires

Resources

Join the Overnight Success Team

Legends X STR Accelerator

Jasper on Instagram

Eric on Instagram

Get Paid for Your Pad Email List

Subscribe to GPFYP on Apple Podcasts

FREE Airbnb Starter Guide

STR Profit Academy

Overnight Success

Email team@overnightsuccess.io

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

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