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

Latest Episodes:

Green Cleaning and Chemical-Free Airbnbs—with Katrina Papé Sep 06, 2021

Show notes

Imagine having chemical sensitivities to the cleaning products used in most short-term rentals and knowing that every time you travel, you are likely to get sick.

Katrina Papé solves this problem with green cleaning. And in addition to attracting travelers with multiple chemical sensitivities, she feels good about minding the health of her guests, her cleaning staff and the environment.

Katrina is the founder and CEO of BnB Equity Group, an investor-focused professional vacation rental property management company based in Seattle, Washington. Katrina has 27 years of experience as an entrepreneur, and her background in business management, interior design and real estate investing give her a competitive advantage in the short-term rental space.

On this episode of Get Paid for Your Pad, Katrina joins me to explain how her own sensitivities to chemicals following a health crisis inspired her shift to green cleaning—both at home and in her STR units.

She discusses the prevalence of multiple chemical sensitivities and describes how to know if a cleaning product is truly chemical-free.

Listen in for insight on targeting health-conscious guests and learn how to develop your own niche in green cleaning and chemical-free Airbnbs.

Topics Covered

How Katrina got started hosting on Airbnb

Went through divorce and health crisis
Listed own home to save it in 2014

What inspired Katrina’s shift to green cleaning

Health crisis led to chemical sensitivities
Extend green cleaning at home to STRs

The prevalence of multiple chemical sensitivities

39% of Americans suffer from MCS
Difficult to travel and not be sick

How to know if a cleaning product is chemical-free

Get rating at ewg.org
Avoid anything with synthetic fragrance

Where to go for green cleaning products

Natural section of grocery store
Buy in bulk on Amazon or Thrive Market

The benefits of green cleaning your Airbnbs

Health of guests, cleaners and environment
Attract health-conscious travelers

How to target guests with chemical sensitivities

Add green cleaning, chemical-free to title
Include photos of products used

How to be pet-friendly and serve guests with allergies

Use Easy Air on rugs, furniture, carpets, etc.
Available through amazing-solutions.com

How STR Legends X helped Katrina build her business

Support in choosing tech stack
Systems in place to expand

Connect with Katrina

BnB Equity Group

Resources

Environmental Working Group

Thrive Market

Amazing Solutions

Easy Air Organic Allergy Relief Spray

Legends X 90-Day STR Accelerator

Email jasper@getpaidforyourpad.com

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The Future Of Short-Term Rentals Sep 03, 2021

Show notes

As we look to predict the future of short-term rentals, it’s useful to look at industry trends.

Searches for unique properties on Airbnb grew 94% in the first half of 2021 compared to the same period two years ago.

How can STR hosts leverage an understanding of this information to anticipate how travel will evolve and build a business that capitalizes on the trends?

On this episode of Get Paid for Your Pad, Eric and I sit down to discuss the rise of unique STR experiences, explaining why properties like the Big Idaho Potato Hotel and Bolt Farm Tennessee are likely to thrive moving forward.

Listen in for insight around the top travel trends in 2021 and learn how to design an Airbnb business that is built for the future of short-term rentals.

Topics Covered

Trend to unique experiences

Connect with vision/soul of property
Story to share on social media

Top travel trends in 2021

Live abroad (geoarbitrage)
Workcation
Gen Z travelers

Hospitality brands are the future of STRs

Guests connect with values
Investor demand

Smaller STR portfolio

Maintain brand standards
Potential to sell business

Resources

The Mushroom Dome Retreat

'Inside the World’s Most Booked Airbnb’ in Hustle

Joshua Tree Mirror House

Airbnb Report: Travel & Living

10 Travel Trends for 2021

VTrips Vacation Rentals

‘Private Equity Looks to Challenge Vacasa by Backing VTrips Vacation Rental Firm’ in Skift

Vacasa

Hicksville Trailer Palace

Eric on TikTok

Eric on Instagram

Legends X STR Accelerator

STR Legends Mastermind

Email jasper@getpaidforyourpad.com

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How to Leverage Experiential Design to Stand Out on Airbnb—with Kate Shaw & Betsy Moyer (Ep403) Aug 30, 2021

Show notes

So, you’re an Airbnb host in a saturated market. The investment blogs said it would be easy to build a thriving short-term rental business in your area, but you've got a lot of competition.

How do you stand out? Can you use design to create a guest experience that sets you apart?

Kate Shaw and Betsy Moyer are the cofounders of Retreat Experiential Design, an all-in-one Airbnb experiential design firm that transforms Airbnb properties into true retreats. Betsy is also the creator of the home décor and interior design brand, The Estate of Things, and Kate is an Airbnb Superhost with a portfolio of 10 units near Joshua Tree National Park.

On this episode of Get Paid for Your Pad, Kate and Betsy join me to share the fundamentals of experiential design, explaining how they identify the unique value proposition of a new property and design with the with guest in mind.

They discuss how to succeed in a saturated market like Joshua Tree and offer advice on creating a win-win between Airbnb hosts and the local community.

Listen in for insight on creating a unique guest experience on a budget and learn to leverage experiential design to stand out on Airbnb!

Topics Covered

How Kate & Betsy define experiential design

Design as if hosting in own home
Utilize every inch of property

How Kate & Betsy approach a new property

Identify unique value prop of space
Consider guest trying to attract

How to save money on experiential design

Leverage local artisans and artists
Use thrift store + Craigslist finds

How to succeed in a saturated market

Create unique experience
Consider visitor demographics

How to create a win-win with the local community

Provide jobs to locals, pay living wage
Encourage investors to build vs. buy

Kate’s top tips for aspiring Airbnb hosts

Focus on guest experience/happiness
Act as if hosting friends and family

Connect with Kate & Betsy

Retreat Experiential Design

Retreat Design on Instagram

Desert Barn House on Instagram

Resources

Joshua Tree National Park

‘Odd Job: What’s It Like to Own the Most-Visited Airbnb in the World’ in Vox

Kate on Airbnb

Kate on Instagram

The Estate of Things

The Estate of Things on Instagram

Legends X 90-Day STR Accelerator

Get Paid for Your Pad on YouTube

Email jasper@getpaidforyourpad.com

Sponsor

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What we're learning from buying our next Airbnb property Aug 27, 2021

Show notes

Many STR hosts have dreams of turning their Airbnb business into a real estate investing company. But what does it look like to buy a property for short-term rental? How, exactly, does the process work?

Eric and I are currently in negotiations to buy an existing short-term rental business, including its four Airbnb properties and the land they’re on. And we’re learning a lot along the way.

On this episode of Get Paid for Your Pad, Eric and I sit down to share what we’re learning from buying this Airbnb property, explaining why it’s crucial to start with a vision of what you want to build and be patient through the process.

We walk you through our plan to improve the guest experience and increase revenue at the STR community we’re buying, eventually refinancing the property to build personal wealth and expand our portfolio.

Listen in for insight around the top three reasons to build a STR hospitality brand and learn how you can turn your Airbnb hosting business into a short-term rental investment company.

Topics Covered

Why it’s crucial to manage your emotions when you buy real estate

Buy on numbers, overpay when attached to outcome
Must be willing to let go (‘this or something better’)

How to recognize if the STR brand you’re buying is a good deal

Value in opportunity to upgrade guest experience
Increase revenue right away with technology, systems

Our plan to increase revenue at the STR community we’re buying

Improve experience, raise prices by 30% to 50%
Costs stay fixed = profit doubles
Increase number of units from 4 to 14 income streams

The beauty of investing in real estate for short-term rentals

Increase value of property to refinance in future
Return cash to investors, pay selves and buy more STRs

How Airbnb hosts can become STR real estate investors

Use other people’s properties to build hospitality brand
Leverage profits to invest in real estate for STRs

Our top lessons learned from buying our next Airbnb property

Develop clear vision of what you want to build
Be patient through process vs. saying YES to everything

The top 3 reasons to build an Airbnb hospitality brand

Lifestyle business
Scale to sell
Generational company (wealth to pass on)

Resources

Get Paid for Your Pad on YouTube

Legends X Short-Term Rental Accelerator

Eric on Instagram

Eric on TikTok

STR Legends Mastermind

Hicksville Trailer Palace

Patrick at EXSTR Apartments

Get Paid for Your Pad

Email jasper@getpaidforyourpad.com

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Tips for Hosting Families with Pets on Airbnb—with Rachel Gainsbrugh Aug 23, 2021

Show notes

Savvy short-term rental hosts have pivoted in the last 18 months, shifting their business model to provide family-friendly accommodations that welcome kids and pets for long-term stays.

So, what does it look like to set up an Airbnb that works for large families and their furry friends?

Legends X Alum Rachel Gainsbrugh is the Cofounder of Short Term Gems and the Chief-of-Staff at All Pocono Rentals. She also works as a full-time pharmacist and has a husband, three dogs and two kids!

On this episode of Get Paid for Your Pad, Rachel joins me to share her top tips for hosting families with pets, explaining how she pivoted the Short Term Gems brand to cater to displaced homeowners.

She offers advice on dealing with insurance companies and describes how to adjust the guest experience for families who are there because something happened to their home.

Listen in for Rachel’s #1 lesson learned from participating in Legends X and learn how to provide a 5-star guest experience for pets—and the people who love them.

Topics Covered

How Rachel hosts and works full time

Leverage resources to delegate, outsource
Only do revenue-generating activities

Rachel’s Short Term Gems luxury brand

Furnished accommodations for travelers
Landlord owners, arbitrage and cohosting

Rachel’s pivot to a niche guest avatar

Host displaced homeowners (floods, fires)
Large families with kids and pets

How Rachel caters to large, displaced families

Quality cookware, fully stocked kitchen
Recreation station for kids
Shift tone to provide help and support

Rachel’s tips for dealing with insurance companies

Ask for deposit and have guest sign lease
Home value impacts STR stay allocation
Consider hotel rate, cost of boarding pets

What amenities you might provide for pets

Custom linens and pet beds
Doggie doors

Rachel’s #1 lesson learned from Legends X

Network = net worth
Share resources in accountability pod

Connect with Rachel

All Pocono Rentals

Rachel’s List of the Top 75 Places to Invest

Short Term Gems

Resources

Julie George

Legends X 90-Day STR Accelerator

Email jasper@getpaidforyourpad.com

Sponsor

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How to capitalize on the BOOM in short-term rentals Aug 20, 2021

Show notes

Airbnb reported revenue of $1.3B for Q2 of 2021, surpassing 2019 numbers for the same period by 10%. And as people get more and more comfortable traveling again, the short-term rental BOOM is likely to continue.

So, what can you do to capitalize on this upswing in the vacation rental market?

On this episode of Get Paid for Your Pad, Eric and I explain how the pandemic has helped facilitate STR growth, driving the popularity of unique stays in drive-to destinations.

We share our vision for the hospitality brand we’re launching soon and describe how getting clear on what you’re building makes decisions easier.

Listen in for insight on scaling a STR management business to fund real estate investments and learn how Legends X can help you take advantage of the BOOM in short-term rentals!

Topics Covered

How COVID facilitated a BOOM in short-term rentals

People rediscovered unique places to visit near home
Option to work/study remotely allowed for travel

What we see as the next big thing in STRs

Unique stays in drive-to markets
Hospitality brands

Our vision for the travel brand we’re launching soon

Nature-inspired sites short drives from metro areas
Experience-based tiny home + cabin communities

Why we recommend starting with a vision for your business

Things fall into place once you know what you want
Clarity on what you’re building makes decisions easy

What’s unique about our journey to becoming investors

Manage other people’s properties (no cash to start)
Scale management business to buy real estate

Who is a good fit for the Legends X STR Accelerator

Coachable hosts who want to grow
Excited to be part of community

Resources

Hicksville Trailer Palace

Legends X Short-Term Rental Accelerator

Overnight Success

Eric’s Instagram Post on Expansion

Get Paid for Your Pad

Email jasper@getpaidforyourpad.com

Sponsor

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Leveraging Airbnbs for Your Real Estate Business -with Cynthia Tant Aug 16, 2021

Show notes

Not only is airbnb used for vacation rentals, many use airbnb to get a better feel of a city when looking into buying or investing there.

What if you could gain real estate clients from an airbnb property that is already bringing you in residual income?

Cynthia Tant is a real estate agent and broker out of Pensacola, Florida who owns 3 businesses that all work together cohesively. She started investing 30 years ago, becoming a real estate agent 10 years after and has been a broker for the past 11 years.

On this episode of Get Paid for Your Pad, Cynthia joins me to explain how she combines and leverages her real estate business, long term rental business and short term rental business to all feed into each other.

She provides insight on the disadvantages and advantages between long term and short term rentals, and what she’s learned through her years of experience.

Listin in for insight on leveraging airbnbs to boost your real estate business and success, and get her advice on how she continuously works to improve her businesses.

Topics Covered

The background of Cynthia’s businesses

Had a realtor who was an investor
Got started with multi families and historical homes
Saw a need for property management from a long term perspective

How Cynthia manages to run 3 businesses

Is getting better systems in place from Legend X
Planning to make them work well on their own to be able to eventually be able to retire

How the free companies work to feed off of each other

Airbnb customers feed into the real estate business
Provides a digital guide book in each unit that sparks an interest

The importance Cynthia finds in prioritizing masterminds

Enjoys having a structured educating environment
Uses masterminds to build structure in her businesses and for sales
Is looking to build her businesses to have the value to sell in the future

Long term vs short term rentals

Has converted all of her long term to short term rentals
Manages people in long term rentals and works to convert them
Prioritizes short term rentals for herself with the goal to retire

Connect with Cynthia

Gulf Coast BnB Rentals

Gulf Coast Experts

Co Author of The Ultimate Guide to selling your home

Email cindy@move2fla.com

Resources

90 Day Short-term Rental Accelerator Mastermind

Get Paid for Your Pad on YouTube

Email jasper@getpaidforyourpad.com

Sponsor

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Legends X Accelerator Program Open For Applications Aug 13, 2021

Show notes

Only 4% of people who buy an online course actually implement the information and get results. But in our STR Legends X Accelerator, we have a 100% success rate.

What sets Legends X apart from other online courses? And how can you be part of the unique program?

On this episode of Get Paid for Your Pad, Eric and I walk you through the Legends X application process and explain who is a good fit for our short-term rental business accelerator.

We describe the benefit of having access to our Legends X Playbook and discuss what aspects of Airbnb hosting are covered in it.

Listen in for insight on how Legends X builds community among students and learn how the program is structured to support you in achieving massive results!

Topics Covered

The Legends X application process

Fill out form at https://www.strlegends.com/x
Schedule discovery call with team member

Who is a good fit for Legends X

Passionate about Airbnb and want to grow
Can’t take on more units without systems

How the Legends X program is structured

Accountability pods of 8 to 10 students
High-level coach assigned to each pod
Drip content vs. provided all at once

How Legends X builds community among students

Weekly call with pod and coach
Daily engagement on Slack

The benefit of the Legends X Playbook

Helps with onboarding and training team
Allows owner to sell company in future

What we cover in the Legends X Playbook

Guest communication
Property onboarding
Cleaning management
Hiring systems

Resources

Apply for the Legends X Short-Term Rental Accelerator

Boardroom Mastermind

Overnight Success

Julie George

Email jasper@getpaidforyourpad.com

Sponsor

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Julie George’s Takeaways from Coaching 52 Airbnb Hosts Through Legends Aug 09, 2021

Show notes

In the Legends X program, we help students transition from hectic Airbnb host to millionaire short-term rental manager. And in the process, we coaches learn just as much from our students as they do from us.

So, what were our top takeaways from leading the first session of our STR accelerator?

Legends X Head Coach Julie George started with one Airbnb property in 2016, and in just two and a half years, she built and scaled a property management business of 130 listings and generated $8M in income.

On this episode of Get Paid for Your Pad, Julie joins me to share the lessons she learned from working with the 52 hosts in our first round of Legends X, describing the benefits of using dynamic pricing tools and focusing on a specific guest avatar.

We explore how Julie avoided becoming a hectic host herself and explain how Legends X helps hosts create the systems they need to take themselves out of the day-to-day as soon as possible.

Listen in for Julie’s insight on the results of Legends X she is most proud of and find out how you can get involved in our upcoming free training around the three secrets to scaling a profitable hospitality brand!

Topics Covered

How Julie avoided becoming a hectic host

Take self out of day-to-day ASAP
KISS (keep it simple, stupid)

Julie’s take on the benefit of the Legends X pods

Hold students accountable to do work
Provides community of support

What Julie learned from coaching Legends X

Sensors to monitor noise (e.g.: Minut)
Benefit of pricing optimization tools

Jasper’s top takeaway from coaching Legends X

Power of focus on specific guest avatar
Optimize Airbnb listing for that person

The results of Legends X Julie is most proud of

Hosts get life back, take time off
Spend uninterrupted time with family

Connect with Julie

Million Dollar Host

Resources

Free Training: From Hectic Host to Millionaire Manager

Legends X 90-Day STR Accelerator

Million Dollar Host: Julie’s Airbnb Portfolio Earned Over a Million Dollars in Her First Year … Yours Can Too! by Julie George

From Hectic Host to STR Legend on GPFYP EP394

Sean McGregor on GPFYP EP390

NoiseAware

Minut

STR Legends

Get Paid for Your Pad on YouTube

Email jasper@getpaidforyourpad.com

Sponsor

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From Hectic Host To Millionaire Manager Aug 06, 2021

Show notes

Are you cleaning your own short-term rental units? Responding to guest messages at all hours? Do you have to say no to opportunities to add units because you’re maxed out and just can’t take on any more work?

Then you need our free training, From Hectic Host to Millionaire Manager, an interactive event designed to help hosts like you get out of the weeds and build a STR business that scales.

On this episode of Get Paid for Your Pad, Eric and I share who will benefit most from our training and describe the advantage of participating in an immersive event like this over a podcast or webinar.

We explain what it means to be a hectic host and discuss how the training will help you implement the systems you need to scale your STR business.

Listen in to understand the VOS system for becoming a millionaire manager and find out how our event can help you get out of the hectic host position and grow a seven-figure Airbnb business!

Topics Covered

What it looks like to be a hectic host

Experience running Airbnbs, love STR industry
Want to add more units but burned out

The goal of our upcoming free training

Get out of weeds, work ON vs. IN business
Implement systems and team to scale

Why we’re doing an interactive event

Understand info AND have confidence to act
Stay fully engaged, focus only on training

The 5 stages of Airbnb hosting

Traditional host
Side hustle host
Hectic host
Rising star
STR legend

The 3 pillars to becoming a millionaire manager

Vision
Operations
Scale

Resources

From Hectic Host to Millionaire Manager Training

Tony Robbins

Legends X Short-Term Rental Accelerator

Email jasper@getpaidforyourpad.com

Sponsor

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