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EP165: Airbnb & Lifestyle Tips from The Suitcase Entrepreneur Jun 26, 2017

Show notes

If you have multiple listings on Airbnb, you might find a little-known feature called the Business Profile very useful. Today’s guest has three properties on the site – a house in Portugal, an apartment in Wellington, and a lifestyle property north of Wellington – and she is prepared to share the basics of the Business Profile as well as situations in which you might make use of it to grow your short-term rental business.
Natalie Sisson, also known as The Suitcase Entrepreneur, has lived out of her suitcase since 2010, traveling the world while simultaneously running a wildly successful online business. Natalie is passionate about freedom, and she works on planes and in cafes, turning hotel rooms into podcast studios.
Natalie had used Airbnb as a guest for years before taking the leap to become a host. She leverages her experience as a customer to provide a comfortable space for the travelers who book her properties. Today she shares her transition from guest to host on Airbnb, how she went about outsourcing the property management and cleaning duties, and her status as a Superhost. Natalie also explains the function of the Airbnb Business Profile page and how to best take advantage of it.
Topics Covered
How Natalie got started with hosting on Airbnb
•Two-bedroom apartment in Wellington
•Rented on Airbnb while traveling for Christmas
•Shortage of rental properties in area
•Listed one bedroom, received regular bookings
•Hosted corporate travelers, tourists
How Natalie uses her experience as a guest in preparing to host
•Considers how to make room most comfortable
•Leaves small gift
•Uses white board to share Wi-Fi code, places to eat out
How Natalie outsourced property management and cleaning duties
•Posted notice on local university Facebook group
•Received 37 messages in 20 minutes
•Read through applications
•Interviewed three people
•Hired experienced employee for $17/hour
•Shared checklist through time tracking app
•Paid via online banking
How Natalie cancelled bookings, but kept Superhost status
•Long-term lease with tenants in Wellington apartment
•Forgot to block past when tenants extended rental agreement
•Forced to cancel three bookings in a row
•Received notice from Airbnb re: deactivation of listing
•Immediately clicked on link to reactivate, answered questions
•Still showing as Superhost despite cancellations
The Airbnb Business Profile page
•Minimum of three listings
•By invitation only
•Groups listings together
•Can send as link to potential guests
Connect with Natalie
The Suitcase Entrepreneur Website
The Suitcase Entrepreneur Podcast
Resources
The Suitcase Entrepreneur: Create Freedom in Business and Adventure in Life by Natalie Sisson
Business Profile Discussion in Community Center
Connect with Jasper
Email: jasper@getpaidforyourpad.com
Twitter: @GetPaidForUrPad
Instagram: @GetPaidForYourPad
Facebook: www.facebook.com/getpaidforyourpad
This episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests!

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

EP164: This Week in the World of Airbnb Jun 23, 2017

Show notes

Can Airbnb have its cake and eat it too? With the company’s efforts to professionalize and provide guests with consistency, some hosts feel that the ‘sharing’ roots of the platform have been diminished. It is possible for Airbnb to function more like a hotel, yet maintain its signature personal touch?
Jasper is joined by David Jacoby, Co-Founder and President of Hostfully, to discuss this week’s headlines regarding the Airbnb shift to promote best practices among its hosts, including that of the Instant Book feature – which is being upgraded to allow hosts more control.
They also cover Airbnb’s acquisition of Trooly, a background check startup that will help protect users from bad actors and further professionalize the platform. Last but not least, Jasper and David answer listener questions about attracting bookings during low season. Remember, you can email your questions to jasper@getpaidforyourpad.com!
Topics Covered
Article #1: Can Airbnb Professionalize Without Losing the Personal Touch?
•Airbnb plays up ‘sharing’ roots
•Of 3M total listings – 1M shared space, 1M private, 1M management co.
•Push for consistency of experience
Article #2: Airbnb Tries to Behave More Like a Hotel
•Instant Book feature, flexible cancellation policy
•Hosts encouraged to upgrade space
•Business-friendly tag (privacy, Wi-Fi, 24-hr access, iron)
•Must attract different types of travelers to grow
•Changes likely part of prep for IPO
•Focus on increasing supply
Article #3: Airbnb Ramps Up Push to Get More Hosts to Choose Instant Booking
•Instant Book introduced in 2010, 40% using
•Default search (must de-select to see additional listings)
•Suite of new tools incentive for hosts to turn on Instant Book
•Improved calendar tool for multiple listings in same home (prevents double-bookings)
•Gives host more control
•Saves step for hosts who rarely turn down guests
•With customization, listing process more complicated
Article #4: Airbnb to Buy Background-Check Startup Trooly to Root Out Scams
•Acquisition to protect from bad actors
•Authenticates user identities to avoid scams
•Could be added to Instant Book features
•Improve image in preparation for IPO
Q: How do I attract more bookings during low season?
•Make listing as attractive as possible
•List on multiple platforms
•Establish your own website
•Consider subletting when demand is low
•Explore niche sites like misterb&b, Bud and Breakfast or Innclusive
•Reach out to previous guests
•Add creative options (i.e.: packages)
•Host refugees through Open Homes initiative
•Join the Couchsurfing community
Resources Mentioned
Article #1: fortune.com/2017/06/18/airbnb-professional-personal-hosts
Article #2: nytimes.com/2017/06/17/technology/airbnbs-hosts-professional-hotels.html
Article #3: skift.com/2017/06/14/airbnb-ramps-up-push-to-get-more-hosts-to-choose-instant-booking
Article #4: bloomberg.com/news/articles/2017-06-16/airbnb-to-buy-background-check-startup-trooly-to-root-out-scams
HomeAway, VRBO, 9flats
Booking.com, TripAdvisor, Expedia
misterb&b, Bud and Breakfast, Innclusive
Open Homes, Couchsurfing, Thibault Masson’s RentalPreneurs Article
Connect with Jasper
Email: jasper@getpaidforyourpad.com
Twitter: @GetPaidForUrPad
Instagram: @GetPaidForYourPad
Facebook: www.facebook.com/getpaidforyourpad
This episode is sponsored by Aviva IQ. Aviva IQ automates messages to your Airbnb guests. It's also free!

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

EP163: A Hostfully Host in Venice Beach Jun 19, 2017

Show notes

Sleep tight. Don’t let the bed bugs bite!
As Airbnb hosts, we share concerns around uninvited guests. If those uninvited guests are of the bed bug variety, a whole host of additional problems arise. Today’s guest dealt with a bed bug infestation in his Airbnb and lived to tell the tale!
Hostfully Featured Host Mike Clairmont is a professional musician who loves to surf. Two years ago, he got the idea to rent a place on Venice Beach and list the property on Airbnb when he was touring. Within two weeks of posting his listing, Mike had more than half of the summer booked.
Mike discovered the Get Paid for Your Pad book and podcast a few months ago, and has since used those resources to take his Airbnb to the next level. Today he shares his journey as an Airbnb host, including the harrowing chapter in which a bed bug infestation temporarily sidelined his business. Listen and learn how to prevent those pesky creatures from infiltrating your Airbnb, and get tips on choosing prime locations for Airbnb property investment.
Topics Covered
Why Mike has had success with Airbnb
•Good quality photos from beginning
•As traveler himself, knows what people look for
•Makes improvements based on reviews (i.e.: painting, carpet)
•Surfer theme, location one block from beach
Mike’s bed bug ordeal
•Guest was bitten, sent message to Airbnb
•Airbnb cancelled one week of reservations (no other penalties incurred)
•Mike found good company to spray
•Removed furniture, got new bedframe
•Put encasement around mattress
•Implemented preventative measures moving forward
How Mike is working to prevent further bed bug infestations
•Sends information to guests (e.g.: don’t put luggage on beds when travel, bed bugs expert hitchhikers)
•Provides luggage racks
•Vacuums thoroughly, empties bag after each guest
•Checks under/around bedframe, mattress every time
Mike’s advice for hosts who encounter bed bugs in their Airbnb
•Proactively contact Airbnb to avoid penalties
•Allow the company to cancel reservations
•Keep Airbnb informed of measures taken
Jasper’s advice around investing in property for Airbnb
•US mortgage rates low, now is good time to buy
•Research regulations in place and anticipate changes
•Get familiar with rules in other large cities (i.e.: Paris, London, San Francisco)
•Consider locations where housing shortage not an issue (e.g.: Joshua Tree, CA)
•Take advantage of tools to predict returns (AirDNA, Everbooked, Mashvisor)
Jasper’s take on regulations enforcement
•Even if city not enforcing now, may eventually
•Airbnb blocked calendar on property in Amsterdam to comply
Connect with Mike
Airbnb Host Profile
mikeclairmontmusic.com
Resources
Featured Hostfully Host Applicaton
Clean Bedroom Organic Sheets
Hostfully Travel Blog
Get Paid for Your Pad: How to Maximize Profit From Your Airbnb Listing by Jasper Ribbers and Huzefa Kapadia
AirDNA
Everbooked
Mashvisor
Connect with Jasper
Email: jasper@getpaidforyourpad.com
Twitter: @GetPaidForUrPad
Instagram: @GetPaidForYourPad
Facebook: www.facebook.com/getpaidforyourpad
This episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests!

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

EP162: This Week in the World of Airbnb Jun 16, 2017

Show notes

Welcome! Making people feel comfortable and accepted is a focus of Airbnb, and one of the initiatives aligned with this goal is the Open Homes platform. In an announcement this week, the company revealed its intention to house 100,000 refugees in the next five years – 35,000 in Greece alone.
Jasper welcomes Glenn Carter, Director of Marketing at Hostfully, to discuss the Open Homes announcement as well as Airbnb’s rollout of a new in-app tool for check-in. They also cover several stories of governments welcoming the economic boost Airbnb provides, while setting parameters regarding its use. Recent headlines include the legalization of Airbnb in Japan, very positive data out of Michigan, and new rules around short-term rentals in Toronto.
A new startup called Misterb&b specifically welcomes LBGTQ guests, and our co-hosts debate the pros and cons of niche players fragmenting the market. Jasper and Glenn wrap up with a new Q&A segment that welcomes questions from Airbnb hosts. Listen in to learn how you might convince hesitant family members to list on Airbnb, and how establishing a three-night minimum stay might affect your ranking in search results. Email your questions to jasper@getpaidforyourpad.com!
Topics Covered
Article #1: Introducing a New Way to Check In
•Airbnb adding check-in instructions tool
•Hosts opt-in to provide clear, visual, in-app guides re: arrival
•Provide info once, all guests have access
Article #2: Toronto Proposes New Rules for Short-Term Rentals, Including Airbnb Properties
•Must rent out primary residence
•Crack down on commercial operators
•Good to clarify legal grey area
Article #3: Airbnb Gets the Legal Green Light in Japan
•Registered hosts allowed to rent up to 180 days/year
•Most popular market in Asia-Pacific region
•Boosted economy by $8.3B in 2016
•Hosting 2019 World Rugby Cup and 2020 Olympics
Article #4: Misterb&b Raises $8.5 Million to Build the Airbnb for the LGBTQ Community
•French startup with 100,000 hosts in 135 countries
•Argues that there is room for niche players
•If market too fragmented, could get messy
Article #5: This is How Airbnb Will House 100,000 Refugees in the Next Five Years
•Open Homes platform connects volunteers with refugee support organizations
•Vacation rental hosts specify cause, how often
•Airbnb in good position to help (3.5 million listings)
•6,000 active volunteers so far, half not existing Airbnb listings
Article #6: Airbnb to Help Host 35,000 Refugees in Houses Across Greece
•Working to find housing for asylum seekers
•Run in conjunction with Solidarity Now
Article #7: Home-Sharing Stimulates Michigan Economy
•Earned $25M through Airbnb in 2016
•Brought 188,000 visitors to state
Q1: How do I overcome family resistance to list on Airbnb?
•Familiarize family by staying in Airbnb as guests
•Encourage through podcast episodes of hesitant hosts who’ve had positive experiences
•Reassure of accountability measures via virtual tour of site (insurance, ratings)
•Demonstrate income potential with analytics tool like AirDNA
Q2: I want to establish a three-night minimum stay for my listing. Will I be penalized in search results?
•Airbnb doesn’t directly ‘punish’ hosts who establish such parameters
•Will result in fewer bookings/reviews, which does impact position in search results
•Best to start out with no minimum and earn crucial early reviews
•Once build reputation, then consider establishing two- or three-night minimum
Resources Mentioned
Article #1:press.atairbnb.com/introducing-a-new-way-to-check-in
Article #2: bnn.

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EP161: Lessons Learned From 7 Years of Airbnb Hosting in Taipei Jun 12, 2017

Show notes

If you are looking to rent a property with the intention of being an Airbnb host, the question then becomes, how do you convince a landlord to allow for short-term rentals in your contract? Today’s guest is a veteran Airbnb host who is ready to share his strategy for securing negotiating power with property-owners, as well as other lessons he’s learned in his lengthy Airbnb hosting career.
Roger Lee moved to Taipei in 2010 to assist with a property renovation project, converting a family home into studio apartments for rental. His ability to speak English gave him leverage as a property manager, securing short-term rentals through sites like Craigslist. With that experience under his belt, Roger set out on his own, renting properties that were candidates for renovation from willing landlords for short-term rental on Airbnb. He has worked his way up to nine listings, including his hip Taipei bachelor pad.
Today Roger takes us on his journey to successful property management, sharing his advice for aspiring hosts, the lessons he’s learned after seven years of experience in the market, and his point of view regarding Airbnb’s place in the travel industry. Listen and learn how to convince property-owners to allow for short-term rentals – and how Roger uses this podcast as a sleep aid!
Topics Covered
How Roger got his start in property management
•Moved to Taipei in 2010
•Residential properties with multiple bedrooms being converted into studio apartments
•Helped friend with project, both renovation and rental
•Found short-term tenants on Craigslist and local sites
How Roger established negotiating power with landlords to allow for short-term rentals
•Selected run-down properties in need of investment
•Offered to renovate with stipulation that Airbnb would be allowed
Roger’s advice for aspiring property managers looking to rent units for Airbnb
•Provide an upside for the landlord (e.g.: renovations)
•Understand the landlord’s relationship with neighbors
•Mitigate complications/controversy (older landlords don’t want any trouble)
Roger’s greatest hosting challenge
•Airbnb’s introduction of Smart Pricing altered market
•Happened in conjunction with Chinese policy significantly reducing tourism to Taipei
The most significant lesson Roger has learned from Airbnb hosting
•Take the high road with unpleasant guests (even if it isn’t fair)
Roger’s take on the value of Airbnb
•Best thing to happen to travel in his lifetime
•Ambitious and impressive to create culture of community
Connect with Roger
Host Profile on Airbnb
OFC Taipei Housing
Connect with Jasper
Email: jasper@getpaidforyourpad.com
Twitter: @GetPaidForUrPad
Instagram: @GetPaidForYourPad
Facebook: www.facebook.com/getpaidforyourpad
This episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests!

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

EP160: This Week in the World of Airbnb Jun 09, 2017

Show notes

The Airbnb philosophy seems to be, “If you can’t beat ‘em, join ‘em!” This week in the news, there are rumors of a deal with Chinese rival Trujia, as Airbnb seeks to succeed in a market where other tech giants have struggled.
Jasper is joined by Hostfully VP of Strategic Partnerships, Nicole Prentice Williams, to discuss this development in China, as well as Airbnb’s new hire in the region: Head of Chinese Operations, Hong Ge. They also cover Airbnb’s surprising success in Cuba, and how Airbnb might capitalize on legal requirements for travel in that country.
In Barcelona, Airbnb seems less welcome, and headlines this week outline the crackdown on unlicensed homesharing in the city. Last but not least, Jasper and Nicole talk about one place where Airbnb is beating out the competition – online! Listen and learn about the platform’s surge in traffic and how it compares to hotel brands and other metasearch sites.
Topics Covered
Article #1: Airbnb Says Cubans are Cashing in on Airbnb
•Cubans have earned nearly $40M since April 2015
•Hosts share space 33 nights per year on average
•Average amount paid per booking of $164
•$2700 average annual payout
•58% of Cuban hosts are women
•Cuba is popular tourist destination for Americans since travel restrictions eased
•Only allowed to travel to Cuba for one of 12 reasons (e.g.: visit relatives, academics)
•Airbnb fulfills legal requirement of person-to-person visaArticle #2: Airbnb China Said in Deal Talks with Local Rival Tujia.com
•Airbnb entered Chinese market in 2015
•May be partnership deal or acquisition
•Tujia valued at $1B, raising $300M more
Article #3: Airbnb Appoints Head of China Operations After Long Search
•Yale grad Hong Ge reports directly to Chesky
•Resume includes positions at Facebook and Google
•Offers understanding of local market
•Other tech giants have struggled in China
Article #4: Airbnb Traffic Surges, Surpassing Older Brands
•Airbnb site traffic up more than 31% since Q1 of last year
•Moved into number one spot, surpassing all hotel brands and metasearch sites
•Strong user base among millennials
•30% of respondents ages 18-34 use sharing economy services compared to 11% of those over 35
Article #5: Airbnb Faces Crackdown on Illegal Apartment Rentals in Barcelona
•7,000 unlicensed holiday rentals in city (of 16,000 total)
•Doubled team of inspectors from 20 to 40 (100 by next year)
•Barcelona will not renew existing licenses
•City blames homesharing for housing shortage, high prices
•Airbnb argues platform helps homeowners make ends meet, could be part of solution
Resources Mentioned
Audible Free Trial
Get Paid for Your Pad on Audible
Article #1: news.fastcompany.com/airbnb-says-cubans-are-cashing-in-on-airbnb-4039804
Article #2: chinamoneynetwork.com/2017/06/05/airbnb-china-said-in-deal-talks-with-local-rival-tujia-com
tujia.com
Article #3: bloomberg.com/news/articles/2017-06-01/airbnb-hires-hong-ge-to-run-china-operations-after-long-search
Article #4: emarketer.com/Article/Airbnb-Traffic-Surges-Surpassing-Older-Brands/1015937
Article #5: irishtimes.com/news/world/europe/airbnb-faces-crackdown-on-illegal-apartment-rentals-in-barcelona-1.3107184
Connect with Jasper
Email: jasper@getpaidforyourpad.com
Twitter: @GetPaidForUrPad
Instagram: @GetPaidForYourPad
Facebook: www.facebook.com/getpaidforyourpad
This episode is sponsored by Aviva IQ. Aviva IQ automates messages to your Airbnb guests. It's also free!

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

EP159: Safety Tips for Female Airbnb Hosts Jun 05, 2017

Show notes

Women who are potential Airbnb hosts may hesitate to join the platform due to safety concerns. The homesharing site’s non-discrimination policy doesn’t allow you to accept only female guests, but there are measures you can take to attract the type of person you feel comfortable sharing your home with.
Kathleen Forest is a Superhost is the DC suburb of Arlington, Virginia. Since her listing went live in February of 2017, she has had much success and accrued 42 positive reviews. Because her husband is often traveling for work and she has two sons, Kathleen had concerns about listing a room in their family home on Airbnb, but she has developed strategies to set forth clear expectations and establish boundaries with guests.
Listen in as Kathleen shares the precautions she has taken to protect herself and her sons, her approach to the Instant Book feature, and her suggestions for hosts with children. Learn to design a listing that appeals to your ideal guest so that you feel comfortable and safe!
Topics Covered
How to attract your ideal guest
•Design listing to attract target audience (‘ideally suited to solo female travelers and couples’)
•Decorate specifically for that demographic
•Offer features that might appeal to ideal guest
Precautions Kathleen has taken to protect herself and her sons
•Profile photo with husband
•‘We’ language in communication with guests
How Kathleen approaches Instant Book
•Weighed the options (takes away control, but generates traffic)
•Decided to turn on, but set to approve guests without reviews
•Declines guests who make her uncomfortable
•Seeks additional info about guests without reviews (research social media, reach out to increase comfort level)
How Kathleen establishes boundaries with guests
•Kid-friendly quiet hours (10p-6a)
•Explicitly stated rules (no illegal substances, no firearms, no unregistered guests)
•Advertises just room, rather than inviting guests to hang out in living room, etc.
•‘Penguin’ reference to ensure guest read entire listing
•Keypad lock on front door alerts when people are in and out
•Keypad locks on all bedroom doors prevent theft, ensure safety
Unique aspects of Kathleen’s Airbnb
•Guestbook in room
•Local tips for riding DC metro
Kathleen’s suggestions for hosts with children
•Get buy-in from your kids
•Explain benefits of necessary sacrifices
•Build in breaks from hosting
•Sit down and discuss if they push back
Kathleen’s general tips for Airbnb hosts
•Start hosting and your niche will become apparent
•If you don’t like hosting or there isn’t enough demand, you can always stop
Connect with Jasper
Email: jasper@getpaidforyourpad.com
Twitter: @GetPaidForUrPad
Instagram: @GetPaidForYourPad
Facebook: www.facebook.com/getpaidforyourpad
This episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests!

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

EP158: This Week in the World of Airbnb Jun 02, 2017

Show notes

As the homesharing phenomenon grows, people continue to develop a variety of creative products and services that complement the work you do as an Airbnb host. A new app generates a floor plan for you through photos of your space, while another detects the number of mobile devices in use and alerts you if guests might be having a party!
Jasper is on the line with Hostfully Co-Founder and President David Jacoby to discuss a number of useful sites that make life easier for the savvy Airbnb host, many of which were represented at the recent HSDC Trade Fair in San Francisco. They also cover another aspect of the sharing economy that Airbnb hosts might be interested in using to upsell their guests, peer-to-peer car sharing.
In other Airbnb news, a recent report pointed to exponential growth of vacation rentals in Spain, and Airbnb made an effort to generate positive press with an announcement regarding how much guests saved by booking on the platform (rather than with hotels) over the holiday weekend. Listen in as David and Jasper offer their takes on these stories and share the latest products and services in the homesharing ecosystem.
Topics Covered
Article #1: Airbnb Accuses Hotels of Price Gouging During Holiday Weekend
•Airbnb contends that guests saved $12M (in 21 cities analyzed)
•Attempt to generate positive media
•Airbnb’s Smart Pricing algorithm also designed to charge more when demand is high
•May not be fair to compare such different products
Article #2: Spain: Vacation Rentals Offering More Beds Than Hotels for the First Time
•Tracked 2016 statistics of 22 major cities
•Number nearly doubled from 2015 (362,493 beds)
•By comparison, San Francisco totals have grown from 1,000-2,000 to 8,000-10,000 in last ten years (hotel beds went from 32,000-35,000 in same span)
•Huge growth in tourism industry has led to ‘tourist-phobia’
•Regulations in Barcelona seek to keep tourism numbers down (only private accommodations allowed)
Homesharers Democratic Club Trade Fair in San Francisco
•Successful celebration of homesharing ecosystem
•Attended by 30-plus vendors
•Among a number of events organized by independent groups of hosts
Article #3: The Sharing Economy’s Entrepreneurial Ecosystems
•Video re: car sharing platform, Turo
•Car owners developing rental businesses w/ multiple vehicles
•Turo users earn average of $720/month
•6M users in 2015, predicted to reach 35M by 2021
•More popular in Europe and Asia than North America
•Airbnb hosts could incorporate car sharing into business, offer coupon code for guests
This Week's Articles
Article #1: sandiegouniontribune.com/business/tourism/sd-fi-airbnb-hotel-memorialday-20170526-story.html
Article #2: elpais.com/elpais/2017/05/25/inenglish/1495707914_157421.html
Article #3: bloomberg.com/news/videos/2017-05-26/the-sharing-economy-s-entrepreneurial-ecosystems-video
Resources Mentioned
Beyond Pricing, Wheelhouse, Everbooked
HSDC Trade Fair, Clearbanc, AirBelo
Properly, HostWell, Pillow
Homesuite, Booking.com, HomeAway
Aviva IQ, Party Squasher, DwellWell
Babierge, Design Plus Consignment Gallery
Magic Plan, Turo, Zipcar, Maven
Getaround, Spacer (formerly Roost)
Connect with Jasper
Email: jasper@getpaidforyourpad.com
Twitter: @GetPaidForUrPad
Instagram: @GetPaidForYourPad
Facebook: www.facebook.com/getpaidforyourpad
This episode is sponsored by Aviva IQ. Aviva IQ automates messages to your Airbnb guests. It's also free!

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

EP157: Jasper’s Airbnb Investment Updates May 29, 2017

Show notes

Jasper has finally reached his ambition of becoming truly homeless. Through the sale of his apartment in Amsterdam, he is embracing the life of a digital nomad and staying in Airbnb properties all over the world. His next move involves reinvesting the money earned from the sale in global assets.
Today Jasper offers an update regarding his Airbnb investments, answering your questions about the process of buying property in an unfamiliar country, how he selected locations, and the challenges he has faced along the way!
Topics Covered
Jasper’s experience in selling his Amsterdam property
•Enforcement of regulations limited Airbnb rental to 60 days
•Real estate market boom
•Hired broker to organize viewing days
•Investor purchased within two weeks
•Agreed to $450,000 asking price
How Jasper lost his Superhost status
•Intended to block dates on Airbnb after April
•Dates already appeared to be blocked three months in future
•Three-month window moves each day
•Received booking for May (Instant Book still on)
•Had to cancel, lost Superhost status
•Must wait full year to regain status
•He recommends using the setting that blocks all dates by default, manually entering available dates
Jasper’s investment in Colombia
•Chose because of favorable regulations
•Currently renovating property
•Complicated money transfer process (open broker account, provide documents)
•Plans to document process of starting Airbnb venture in unfamiliar country as case study
•One unit still available
Jasper’s studio in the Philippines
•Boracay has become popular tourist destination since airport upgrade
•Nearby Caraboa still largely undiscovered
•Jasper predicts Caraboa will be next Boracay
•‘Purchased’ studio unit on resort there (law allows for 20-year lease)
•He can stay in unit two weeks of year
•Resort manages bookings rest of year, Jasper receives 80% of revenue
The new format of GPFYP Monday podcasts
•Focus on one specific topic
•Guest expert will discuss prearranged theme
•Email Jasper with topic suggestions
•Future blog post will outline topics covered in previous episodes
Resources
Jasper’s Blog Post: Why I Bought a Penthouse in Cali, Colombia, to Rent on Airbnb
Connect with Jasper
Email: jasper@getpaidforyourpad.com
Twitter: @GetPaidForUrPad
Instagram: @GetPaidForYourPad
Facebook: www.facebook.com/getpaidforyourpad
This episode is sponsored by Hostfully.com where you can create a custom digital guidebook for your guests!

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

EP156: This Week in the World of Airbnb May 26, 2017

Show notes

Airbnb added some unusual listings that made news this week, including an ad agency that converted its office into a ‘spacious penthouse suite’ and the entire Swedish countryside. Yes, you read that right – the entire Swedish countryside.
Jasper is joined by Hostfully CEO Margot Lee Schmorak to discuss those creative listings, both ad campaigns designed to draw attention to the best qualities of 1) The Swedish landscape, and 2) OH Partners (who are looking to fill Airbnb’s opening for an ad agency).
They also review HomeAway’s lawsuit against the city of Chicago, discussing the potential for an alliance between Expedia and Airbnb in the fight against homesharing regulations, and an article that takes a comprehensive look at the homesharing ecosystem, outlining Airbnb’s evolution and how hotels are innovating to keep up. Listen in to learn why CNBC named Airbnb the #1 Disruptor of 2017!
Topics Covered
Article #1: It’s Been a Trip to $31 Billion, Now Airbnb Wants to Remake the Entire Travel Industry
•Overview of homesharing ecosystem
•Comparison between Airbnb and hotel industry
•Airbnb named as top 2017 CNBC Disruptor
•Airbnb’s intention to enter flight-booking space
•Difficulty of scaling Airbnb Experiences
•Hotel industry playing catch-up with innovative initiatives (e.g.: high tech, shipping containers)
Article #2: Sweden Listed Its Entire Countryside on Airbnb
•Brand partnership between Airbnb and Visit Sweden
•Intent to boost tourism, show variety of landscape
Article #3: This Agency Turned Its Office into a Crazy Airbnb That Got Jonathan Mildenhall’s Attention
•OH Partners converted office space into ‘spacious Phoenix penthouse suite’
•Hosted 24-hour livestream to engage Airbnb CMO
•Creative way to apply for ad agency opening
Article #4: HomeAway Lawsuit Alleges Chicago’s ‘Deeply Flawed’ Home-Sharing Law is Unconstitutional
•Alleges fines based on categories ‘that cannot be meaningfully distinguished from one another’
•Violates First, Fourth and 14th amendments
•Expedia’s first fight in courts
•Potential coalition between Airbnb and HomeAway
Resources Mentioned
Article #1: cnbc.com/2017/05/15/its-been-a-fantastic-voyage-to-31-billion-what-airbnbs-next-big-trip-isnt-booked.html
Article #2: fortune.com/2017/05/22/sweden-countryside-airbnb-rental
sweden.withairbnb.com
Article #3: adweek.com/agencies/this-agency-turned-its-office-into-a-crazy-airbnb-that-got-jonathan-mildenhalls-attention
Article #4: chicagotribune.com/business/ct-homeaway-sues-chicago-0523-biz-20170522-story.html
Travel Tech Con
Connect with Jasper
Email: jasper@getpaidforyourpad.com
Twitter: @GetPaidForUrPad
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Facebook: www.facebook.com/getpaidforyourpad
This episode is sponsored by Aviva IQ. Aviva IQ automates messages to your Airbnb guests. It's also free!

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