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

Matt Durian on Get Paid for Your Pad EP440

Email jasper@getpaidforyourpad.com

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Legends X Enrollment Is Open Feb 04, 2022

Show notes

Completion rates for online courses are as little as 4%. The Legends X Short-Term Rental Accelerator has not only a 100% completion rate but also a 100% success rate!

What sets Legends X apart from other courses? How can it transform your short-term rental business?

On this episode of Get Paid for Your Pad, Eric and I celebrate the opening of our third Legends X Short-Term Rental Accelerator, sharing how it allows you to successfully build and scale your Airbnb business in 90 days or less.

We also touch on the many success stories of business owners in Legends X and take a peek at what it looks like to go through the program.

Listen in to learn about the power of Legends X for STRbusiness owners and how it is designed to help you build the foundation and confidence to grow a 7-figure Airbnb business—without all the overwhelm.

Topics Covered

What the past year has looked like in Legends X
One of the things that Jasper is most proud of about the program
The Property Abundance Plan
How you can scale to 100 units without spending any money on advertising
The key to seeing results in your short-term rental business
The intentional application process for Legends X and who’s a good fit for the program
How important it is to invest in yourself and your business
Client success stories from Legends X
What people find to be most valuable about the program
What it looks like week by week to go through Legends X
The priceless community and daily support that you’ll find in the program

Resources

Rebecca Slivka on Get Paid for Your Pad EP352

Christian Gissing on Get Paid for Your Pad EP301

More Listings, Higher Profits Free Training

Email jasper@getpaidforyourpad.com

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Get Funding to Grow Your Airbnb Portfolio with Nectar Jan 31, 2022

Show notes

Most Airbnb operators would love to buy our own properties. But it’s challenging to get a traditional mortgage for a short-term rental and very few of us have high-net-worth investors in our networks.

So, where can we go for funding to grow our STR portfolio?

Derrick Barker is the CEO of Nectar, the marketplace for real estate cashflow. Derrick and his team allow experienced, professional STR operators to sell a portion of their future income to get capital now.

On this episode of Get Paid for Your Pad, Derrick joins me to discuss the factors Nectar uses to determine how much funding you’re eligible to receive.

He explains how Nectar investors buy into a STR cashflow pool to earn passive income and offers advice on the importance of investing in your Airbnb business.

Listen in for Derrick’s insight on the process of applying for funding through Nectar and learn how you might leverage Nectar capital to build a team, buy property or improve your existing units!

Topics Covered

Derrick’s background as an entrepreneur in the real estate space
How Nectar allows STR hosts to sell a portion of their future income to get funding now
Why it’s hard to get a traditional mortgage on a STR property
What factors Nectar uses to determine the amount of funding you’re eligible to receive
How STR operators use Nectar capital to build a team, buy property or improve existing units
How Nectar investors buy into a STR cashflow pool to earn passive income
The process of applying for funding through Nectar
Why the trend toward longer-term stays in secondary markets is here to stay
Why it’s crucial to invest in your short-term rental business

Connect with Derrick Barker

Nectar

Resources

More Listings, Higher Profits Training

Email jasper@getpaidforyourpad.com

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The Five Stages of Hosting Jan 28, 2022

Show notes

The short-term rental industry has grown so much and so fast over such a short period of time. Now, more than ever, many people are trying to grow a short-term rental business and are running into the problem of understanding what to do, what they need to have implemented and when. Before you can understand where you want to go with your business you have to identify where you’re at now.

So, what can you do to get clear on exactly where you are in your business journey and how to scale from there?

On this episode of Get Paid for Your Pad, Eric and I break down the 5 stages of hosting, sharing how to recognize where you want to be in your business and where you are now so you can make the strategic decisions to move up the stages.

We discuss each stage of hosting: the traditional, the side hustle, the hectic host, the rising star, and the legends stage, and the challenges that people experience in each one.

Listen in for insight on how to identify where you are in your business, what to overcome in each hosting stage and how Legends X can accelerate your business, providing the information and systems needed to profit and scale.

Topics Covered

Why the 5 stages of hosting was created
Eric’s insight on how the 5 stages of hosting is vital when measuring success in your short-term rental business
Jasper’s insight on the hectic host stage
The clarity, awareness, and confidence that Legends X is providing for hosts, allowing them to scale
The traditional host stage
Why the side hustle host stage is becoming more common that the traditional host
The hectic host stage and why it’s so powerful
Eric’s insight on how things change after the 3rd stage and into the rising star stage
Jasper’s insight on why the stages aren’t dependent on how many units you have
The legends stage and why it’s not for everyone
How Legends X allows you to become profitable and scalable, providing you systems needed to become a legend with your business

Resources

The Joe Rogan Podcast

Real Wealth Show

Jacko Podcast

Fundamental Health Podcast

Get Rich Education Podcast

Tony Robbins Podcast

Email jasper@getpaidforyourpad.com

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From Masterleasing to Managing Short-Term Rentals in Sarasota Jan 24, 2022

Show notes

In the beginning of 2020, Tia Castle had numerous masterleases but quickly found herself in quite the dilemma when she had no bookings due to the pandemic.

During this time she knew she had to make a change, and a big one.

Fast forward to today, Tia now manages family-friendly homes in Florida and runs CastleLux Rentals where she helps investors in their journey with vacation rentals. So, how did she go from masterleasing to short-term rentals during a pandemic and what has she learned from this big adjustment?

Tia is the founder of CastleLux Rentals, a vacation rental management company that helps investors to pinpoint their Airbnb vacation rental property. Her real estate journey started with her luxury Real Estate reality TV show, "Home and Castle TV" that was broadcasted in Florida and Canada, showcasing rental properties and their famous owners.

On this episode of Get Paid for Your Pad, Tia joins me to share her journey from television production and journalism to managing short-term rentals for families, describing how Legends X STR Accelerator has helped her during the huge transition.

She walks us through the transition she experienced not only from her reality TV show to real estate but also from masterleasing to short-term rentals and what she has learned along the way.

Listen in for Tia’s insight on finding the right market and rental property for you and the network and opportunities that she has benefited from with the STR Legends community, especially during the struggle of the pandemic.

Topics Covered

Why Florida is one of the hot spots for short term and vacation rentals
The changes that Tia has seen in the market in Florida
Tia’s insight on choosing where to invest
How Tia originally got involved with Airbnb
What Tia has learned from her past masterleases
The luxury market and model that Tia is following with modern family-friendly homes
The adjustment from a masterlease model to a management model
Tips on making the transition from masterleases to managing homes (delegating, and give the attention needed to the owners, clear communication)
How Legends X has allowed Tia to network with people and become apart of a book project

Connect with Tia Castle

CastleLux Rentals

Preferred Shore

Resources

More Listings, Higher Profits Training

Email jasper@getpaidforyourpad.com

Sponsor

Hostfully [Discount Code PAD]

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More Listings, Higher Profits Jan 21, 2022

Show notes

People tend to strictly focus on scalability but we have to work backwards and focus on the vision, the brand and feedback to continue to improve it. Without that, things fall apart.

So, what will really scale your rental business? And what can you do to maintain that growth in 2022?

On this episode of Get Paid for Your Pad, Eric and I explain why focusing on scalability is not profitable on it’s own, sharing what every company really needs to scale a business in 2022.

We weigh in on what a valuable airbnb business model looks like for 2022 and how branding is one of the biggest things to focus on and maintain when scaling.

Listen in to understand why focusing on scaling alone won’t help your business and learn how to make more profit with not only more listings but better listings.

Topics Covered

How much the demand for short term rentals has increased and why
Eric’s insight on the shift in destination spots for rental businesses
Why many people still choose hotels over airbnb rentals
Why we focus on building our brand as a host and the impact it has on airbnbs that aren't doing that
Eric’s insight on how to successful build a brand as an airbnb host
The importance in focusing on sustainability rather than scalability alone
The value that will be provided at the More Listings, Higher Profits Training
The 3 main pillars every company needs to really scale a business in 2022
The transition from a business manager to a business owner
Overnight success is all about systems

Resources

More Listings, Higher Profits Training

HostGPO - Short Term Rental Group Purchasing Organization

Email jasper@getpaidforyourpad.com

Sponsor

Hostfully [Discount Code PAD]

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Matt’s Journey from Hectic Host to Rising Star Jan 17, 2022

Show notes

In the summer of 2021, Matt Durian was the epitome of a Hectic Host, running around like a chicken with its head cut off to keep up with the demands of managing several short-term rental listings.

Matt and his wife Bruna were overwhelmed and didn’t have the bandwidth to add any more properties to their portfolio.

But fast forward just a few months, and Matt is much less stressed. He’s added two new units and is in the process of onboarding two more. So, how did he go from Hectic Host to Rising Star in such a short time?

Matt is the Cofounder and CEO of The BNB Way, western North Carolina’s premiere Airbnb property management and concierge company. He has a long history as a hospitality entrepreneur, running a personal concierge service for residents of a luxury resort community for a number of years before getting into vacation rentals in 2019.

On this episode of Get Paid for Your Pad, Matt joins me to share his journey from Hectic Host to Rising Star, describing how The BNB Way was consuming his entire life when he joined the Legends X STR Accelertor last September.

Listen in for Matt’s insight on the life-changing benefits of connecting with the STR Legends community and designing an Airbnb business that leaves space to enjoy your life!

Topics Covered

How Matt’s history in hospitality centers around the concierge model
Why Matt shifted from rental arbitrage to the management model during the pandemic
How Legends X helped Matt transition from business manager to business owner
The most important steps Matt took to become a Rising Star
How the VOS framework helped Matt dial in who he wants to serve
How the Legends X Playbook allowed Matt to build a team and start delegating tasks
Using the franchise prototype to scale your STR business to any level you want
The benefits of connecting with a community of hosts who hold you accountable, answer questions and inspire you to dream bigger
Designing a short-term rental business that allows you to enjoy life

Connect with Matt Durian

The BNB Way

The BNB Way on Instagram

Resources

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

The Founder

Steve Jobs Commencement Speech at Stanford

Why the Future of Work Is the Future of Travel, with Airbnb CEO Brian Chesky on Decoder with Nilay Patel

Email jasper@getpaidforyourpad.com

Sponsor

Hostfully [Discount Code PAD]

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

Why 2022 Is Going to Be a Huge Year for STRs Jan 14, 2022

Show notes

Airbnb had a record-breaking Q3 in 2021. And based on current economic and cultural trends, we think the short-term rental industry is in for an even bigger year in 2022.

So, what is going on in the world that influences your STR business? And what can you do to capitalize on these trends and have a record-breaking year of your own?

On this episode of Get Paid for Your Pad, Eric and I explain why 2022 is going to be a huge year for short-term rentals, sharing Brian Chesky’s thoughts on the future of travel and describing how the trend toward working from home is likely to impact the industry.

Listen in to understand why we’re all-in on turning vacation rentals into unique, modern STR experiences and learn how to use feedback from your Airbnb reviews to promote your listings and identify new investment opportunities!

Topics Covered

Brian Chesky’s insight on why the future of work is the future of travel
Brian Chesky’s tweet asking the Airbnb community for feedback
How the popularity of local travel is changing STR guest expectations
Some of the STR startups that raised big money in 2021
Our plans to raise money through investors and grow Freewyld in 2022
How inflation is inspiring investors to put money in short-term rentals
How the shift away from crowded hotels favors the STR industry

Resources

Owl Labs State of Remote Work Survey

Brian Chesky’s Tweet

GPFYP: How to Maximize Profit from Your Airbnb Listing

AvantStay’s $160M Raise

HomeRoom’s $1M Raise

US Inflation Rate

Jason Hartman on GPFYP EP370

citizenM

GPFYP Email List

Get Paid for Your Pad: How to Maximize Profit from Your Airbnb Listing by Jasper Ribbers and Huzefa Kapadia

Email jasper@getpaidforyourpad.com

Sponsor

Hostfully [Discount Code PAD]

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How to Market to Military Families on Airbnb Jan 10, 2022

Show notes

There is a surprisingly high demand for short-term rentals in and around military bases—and a lack of inventory.

But can you build an Airbnb business that caters primarily to military families? And how do you market to such a specialized niche?

Peter Shull serves as Business Development Manager at Patriot Family Homes, a veteran-owned and operated business that offers affordable short-term and vacation rentals. The Patriot team of veterans and military spouses is uniquely aware of the needs of traveling families and professionals, leveraging their expertise to grow from a single bedroom to 200-plus units in just three years.

On this episode of Get Paid for Your Pad, Peter joins me to discuss how Patriot Family Homes got into the military family niche and explain how the leadership skills he learned in the armed forces translate to building a business.

He shares the business development strategy his team uses to acquire listings in non-traditional vacation rental markets, describing what he looks for in a STR property and how the Patriot team developed systems to operate at scale.

Listen in for insight on finding a ground team of dependable people you can trust in a new market and learn how Patriot Family Homes markets to military families looking for a short-term rental or STR investment property.

Topics Covered

How Patriot Family Homes got into the military family niche and grew to 200 doors in 3 years
How guests benefit from the PFH team being made up of veterans and military spouses
The business development strategy Peter’s team uses to acquire utility properties in non-traditional vacation rental markets
What Peter looks for in a STR property and the neighborhood where it’s located
How Patriot Family Homes helps clients find homes to buy as short-term rental investments
Peter’s insight on the systems you need to operate 200 units
Why the quality of the STR property itself is less important than the guest interaction
Peter’s advice on finding a ground team of dependable people you can trust in a new market

Connect with Peter Shull

Patriot Family Homes

Email peter.shull@patriotfamilyhomes.com

Call (423) 210-4431

Resources

Expensify

Guesty

Bill.com

Extreme Ownership: How US Navy SEALs Lead and Win by Jocko Willink and Leif Babin