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

Legends X STR Accelerator

Rebecca on Get Paid for Your Pad EP285

Michael Gerber Interview

The E Myth: Why Most Businesses Don’t Work and What to Do About It by Michael Gerber

Tony Robbins

Email jasper@getpaidforyourpad.com

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Freewyld Updates: Investigating the Tiny Home Concept for the Freewyld Brand Apr 22, 2022

Show notes

We’ve run into some construction challenges that could delay our Freewyld project by up to two years.

A massive boom of people moving out of the cities into the mountain areas like Idyllwild, California, has caused a six to 12 month back up of both contractors and counties. By the time we find an architect to design the cabins we want for our Freewyld space and then go through the approval process, find a contractor, and start building, it’s going to stretch our construction process out considerably.

So, we decided to investigate some other options that will get our project back on the road to being completed and profitable much sooner.

On this edition of STR Conversations, Eric and I discuss how we might be able to use prefab tiny homes to decrease the timeframe that the Freewyld community is shut down.

Listen in for insight into the trends in tiny homes and prefab buildings. We’ll walk through the options available in the market right now, plus the risks vs. rewards. I offer my experience and insight into what works in tiny space living. Plus, Eric presents the drawbacks and the advantages of this type of building for the Freewyld brand and our customer avatar.

Topics Covered

● A background lesson in tiny home specifics and culture

● The difference between a cabin community and a tiny home community

● How some companies are leveling up the tiny home

● How much do you save by building a prefab tiny home

● What about the longevity of a prebuilt tiny home

● How does buying prebuilt save money

● The 3 biggest downfalls of prefab tiny homes

● What are the benefits of cookie-cutter vs custom-built tiny homes

● How the approval process differs between tiny homes vs. properties with a foundation

● How to take advantage of indoor-outdoor living to create an awesome experience for our guests

● Jasper shares the 3 biggest advantages of a tiny home if it’s done right

● What types of customizing are possible within the tiny home manufacturing specifications

● Eric discusses how we could stay true to the brand archetype of Freewyld using tiny homes

Resources

Kristiewolfe

Liberation Tiny Homes

citizenM

FREE Airbnb Starter Guide

Email team@overnightsuccess.io

Sponsor

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Leverage Airbnb’s to Create Positive Change in Our Communities Apr 18, 2022

Show notes

We can all agree we need to conserve energy to save money as heating costs soar out of control.

But how can we do that while also impacting the environment, the climate, and our future?

Becoming an Airbnb host was the last thing photographer and science writer Nathan Welton saw himself doing. He got into the business by accident, with his first review being a one-star. Even so, he suddenly found himself booked months in advance, reinvesting every dime he made into his properties before moving into starting a management company.

Nathan Welton is the owner of The Wolf Rentals, a vacation rental management company born from a need for quality, hands-on cooperative vacation rental management in beautiful Estes Park, Colorado. The Wolf Rentals officially launched in 2020, quickly scaling to 25 properties within a year.

On this episode of Get Paid for Your Pad, Nathan joins me to share his vision for his custom a-frame Airbnb community and his hopes to drive change through Airbnb.

Listen in for Nathan’s insight on how we can spread change in how we think about our natural resources, our climate, and our future while giving back as much as possible and changing lives.

Topics Covered

● How Nathan’s history as a science writer affects his vision of his Airbnb business

● What triple bottom line means and how it shifts the focus away from the profit only business model

● How we can use small positive changes to help people make better decisions

● How Nathan is using biophilic design concepts in his Airbnb community to improve lives

● Passive housing design can reduce the cost of living for lower-income families

● How AI technology can ‌heighten awareness about the energy we use

● Feeding a woodstove taught Nathan about the consequence of energy use

● Bringing the beauty of the outdoors inside can shift people's mindsets

● What led Nathan to where he is now and what prosperity means for him

Connect with Nathan Welton

The Wolf Rentals

Resources

Get Paid for Your Pad Newsletter

KLM Royal Dutch Airlines

Legends X STR Accelerator

Get Paid for Your Pad on Apple Podcasts

Email jasper@getpaidforyourpad.com

Sponsor

Tim Kennedy Sheepdog Response

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Do Rising Gas Prices Affect Airbnb Demand? Apr 15, 2022

Show notes

Gas prices are currently up 50% from last year, and it doesn’t look like they will level off anytime soon.

After we faced off with the pandemic are rising gas prices the next hurdle that will trickle down into the SRT industry?

At first glance, it would seem like the right answer would be a resounding yes.

But there’s actually a lot more data that goes into determining if rising prices are going to trip up the travel industry.

On this edition of STR Conversations, Eric and I sit down to discuss AirDNA’s report, How Rising Gas Prices May Influence Airbnb Travel Trends.

We’ll cover the average amount of miles a guest travels to their Airbnb and we explain which places and types of accommodations will do better as travel becomes more expensive.

Listen in to get a broader sense of what’s happening, and at what point the higher gas prices might start impacting your bottom line. We share the data you need to quell your anxiety about the things you can’t control so you can focus on what you can, so you can determine what decisions you need to make for your business.

Don’t forget we’re organizing our first in-person mastermind retreat in Oaxaca, Mexico, from June 16-20th. This is the last week to apply for early bird pricing, so if you want to learn more be sure to visit STR Legends Mastermind.

Topics Covered

How being prepared helps you respond to intense situations in business and in life
Are rising travel costs going to make people choose rental locations closer to home
Which rental markets you want to be in based on the current record-breaking gas prices
What we should focus on instead of average cost per property
How gas prices affect you depending on your average ADR
Why leaning into what you can control will give you a better outcome no matter what gas costs
How to determine when the higher gas prices will impact stays and your bottom line

Resources

Tim Kennedy on Instagram

How Rising Gas Prices May Influence Airbnb Travel Trends on AirDNA

Brian Chesky on Instagram

Brian Chesky on Twitter

FREE Airbnb Starter Guide

Email jasper@getpaidforyourpad.com

Sponsor

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Top Interior Design Resources for Airbnbs Apr 08, 2022

Show notes

One of the hardest things about establishing new short-term rental properties is deciding on the direction of the interior design.

It’s often overlooked, but it’s crucial to the integrity of your brand. So why do it alone? There are tons of awesome companies out there to help you achieve your interior design dreams and bring your property to the next level.

On this episode of STR Conversations, Eric shares his biggest lessons learned on establishing strategies for interior design and renovating short-term rental properties.

Eric discusses his new company launched with Jasper, Freewyld, and their goals to renovate four properties while also managing the difficulties of being understaffed.

Listen in to learn what resources Eric recommends for designing your short-term rental and how to get involved in the Legends Mastermind program.

Topics Covered

How Jasper and Eric started their company Free Wild and have begun their first project in California

How Jasper and Eric are preparing to renovate four properties with Free Wild while also navigating struggles with being understaffed

The 4 phases of the renovation process

Why having a clear vision and patience is crucial to a project’s success

Why establishing interior design strategy is an important first step in renovating and creating new properties

Why Eric is considering using Den Outdoors as a partner for new tiny home projects

Eric’s recommended resources for designing your short-term rental

The upcoming Legends Mastermind event in Mexico and the requirements to qualify for the program

Resources

Free Airbnb Starter Guide

Email jasper@getpaidforyourpad.com

Den Outdoors

Modsy Online Interior Design

Yardzen Online Landscaping Design

Fulhaus Interior Design

Follow Eric on Instagram

Follow Jasper on Instagram

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Living Like a Short-Term Rental King in Paradise Apr 04, 2022

Show notes

We talk a lot about growing short-term rental (STR) companies. But what happens when we grow our businesses quicker than we anticipate?

Six years ago, Alex Cybul had no Airbnb experience, decided to get into the STR industry, and quickly grew his business, VacationAruba.com.

Today, Alex manages over 100 units.

On this episode of Get Paid For Your Pad, Alex joins me to discuss how he got his start renting out Airbnbs in Aruba and how he managed to grow his business quickly over six years.

He shares insights on what he would do differently if he had the chance, how he structures his team to manage his properties successfully, and why he recommends dynamic pricing to all STR managers.

Listen in to learn more about the importance of leading people to successfully grow STR your business.

Topics Covered

Background on Aruba and why it is a great place to both vacation and own short-term rentals

How Alex got his start renting out Airbnbs and STRs

How Alex went from having no experience with Airbnb to managing over 100 units in six years

The structure of Alex’s current team and his perspectives on how to build effective teams to manage STRs

Why Alex wishes he would have hired an Operations Manager earlier in his business’ growth stage

Why Alex’s end goal is to be able to run STRs as a hobby as long as he feels satisfied and happy

The challenges Alex faced while growing his business and the turning points that helped him achieve that growth

What Alex has learned about the difficulties of leading people and large teams

Alex’s laundry practices and how he manages bulk ordering for cleaners

Why Alex recommends dynamic pricing to all STR managers and owners and how to determine rates for your properties

Connect with Alex Cybul

VacationAruba.com

VacationAruba.com on Facebook

VacationAruba.com on Instagram

Resources

Free Airbnb Starter Guide

Email jasper@getpaidforyourpad.com

HostGPO

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STR Legends Mastermind Doors Are Open Apr 01, 2022

Show notes

We have big news! Our STR Legends Mastermind program is officially open for new members.

We’re kicking off the program in May, followed by an in-person event in June in beautiful, sunny Mexico.

On this episode of STR Conversations, Eric and I discuss STR Legends Mastermind and the incredible benefits it brings to the people and companies we work with through the program.

We share the requirements needed to qualify for the program, our desire to solve big problems our members face at scale, and why we’re so excited to welcome new members.

Listen in to learn more about the STR Legends Mastermind program, the open positions we are hiring for with Overnight Success, and how we believe the STR market may change with the recent rise in gas prices and travel expenses.

Topics Covered

Three positions we are hiring for Overnight Success right now: Digital Content Manager, Sales Representative, and Executive Assistant

Why we started the STR Legends Mastermind program and why we are opening the doors to new members

What requirements companies need to meet to qualify for the STR Legends Mastermind program

The benefits of the STR Legends Mastermind program and why it was designed to allow different companies to connect and solve their biggest problems

Why we’re excited to learn what we can do to improve financing and combat rising interest rates in the marketplace

How the STR market may change with the rising gas prices and increased travel expenses

Resources

Free Airbnb Starter Guide

Email jasper@getpaidforyourpad.com

Appy for the Digital Content Manager Position With Overnight Success

Apply for the Sales Representative Position With Overnight Success

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How to Create a World-Class Guest Experience on Airbnb Mar 28, 2022

Show notes

How do you take an Airbnb property from a stay to an experience?

The goal of any Airbnb is to understand your guest avatar so well that you can create an experience that makes your guest feel like they have found their own special place.

Recently, Eric and I were chatting on the podcast when he mentioned he and his girlfriend had stayed at the Retrograde Retreat in Joshua Tree, designed by my guest. Eric shared ‌they were just blown away by how the space felt like it was created just for them.

We all know the competition for stays is fierce, especially in places like Joshua Tree. So how do you stand out as an Airbnb host? What raises the bar from a regular guest stay to a world-class guest experience on Airbnb?

Bryce Cano is the Founder and Vice President of Hygge Home Rentals. With his special knowledge in the real estate investment and travel arena, he offers intimate knowledge of how to maximize your property's potential.

On this episode of Get Paid for Your Pad, Bryce joins me to share his insight into how to provide the amenities and extra touches your Airbnb guests are looking for. He walks me through how Hygge Home Rentals creates anticipation for the stay from the moment the booking is made.

He walks us through how they connect the dots in brand and tone to offer guests a sense of what to expect while creating a personality that matches each one of their properties.

Listen in for Bryce’s insight on pivoting from trying to appease everybody to laser focus on exactly who you're creating your Airbnb experience for, your ideal guest avatar.

Topics Covered

How to home in on your guest avatar to design world-class experiences exclusively for them
How to raise the bar and create spaces that don’t break the bank
The secret to creating anticipation about a guest visit from the moment they book
The multi-pronged approach to an awesome Airbnb guest experience
Why having the right team is a game-changer for any Airbnb host
How to infuse a property with Instagrammable spaces
How to use influencers to highlight the special amenities of your Airbnb space
Why photo captions are paramount in helping the viewer visualize your Airbnb experience
Insider secrets on how to stand out and compete for Airbnb guests

Connect with Bryce Cano

Hygge Home Rentals on Instagram

Hygge Home Rentals

Resources

How to Get Started on Airbnb

Get Paid for Your Pad Newsletter

Get Paid for Your Pad on Apple Podcasts

Legends X 90-Day STR Accelerator

Email jasper@getpaidforyourpad.com

Sponsor

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The STR Legends Mastermind is Back! Mar 25, 2022

Show notes

Have you ever been part of a group of elite business owners connecting, learning, and helping each other solve problems all while having a good time?

Two years ago, just two months before the lockdowns we went all into the business model of creating and hosting our mastermind groups all over the world. And then the lockdowns came, and the world stopped turning.

Now the world has reopened. We’re back, and so is the STR Legends Mastermind.

We’ve learned a lot through our live events, and virtual masterminds and now we’re taking the STR Legends Mastermind to a whole new level.

Today we want to take the opportunity to give everybody a recap of STR legends and the STR Legends Mastermind and who it is for.

But first, what makes a mastermind group worthwhile and what sets the SRT Legends Mastermind apart?

Listen in to learn about the power of breaking out of your routine to gather with the like-minded and the legends to forge a lasting network.

On this episode of STR conversations, Eric and I take you deeper into the genius of the mastermind concept. We also touch on the many success stories of business owners from past STR Masterminds, and we will share some of the high points of the virtual mastermind.

Plus, we’ll touch on the newest trends in the STR industry and why being in the trenches with the people pushing this industry forward is vital.

Topics Covered

The 3 core things we want to achieve with the STR Legends Mastermind
How being part of the STR Masterminds will rapidly expand your network
Why bringing together like-minded individuals helps solve the biggest problems
How being face to face changes the mastermind experiences and enhances relationships
The biggest difference between going to a conference and attending a mastermind
How the STR Legends Mastermind offers cutting edge information on the industry evolution
The biggest benefit of sitting down with the legends of the STR industry

Resources

STR Legends Live Mastermind Retreat in Puerto Rico EP278

STR Legends Mastermind Goes Virtual EP338

Rebecca Slivka on Get Paid for Your Pad EP352

Tim Mortimer on Get Paid for Your Pad EP455

FREE Airbnb Starter Guide

Overnight Success

Email jasper@getpaidforyourpad.com

Sponsor