Short Term Rental Secrets Podcast

Latest Episodes:

FTH #1 - Airbnb Property Review Feb 23, 2022

Show notes

We are excited to introduce a new series of the Short Term Rental Secrets podcast called From The Host! From The Host is all about the behind-the-scenes and actionable items coming from the Mastermind group. We will take you on a journey to see some of the opportunities and questions asked while scaling. In this episode, Mike Reilly, one of the STR Secrets Mastermind coaches shares his experience staying at an Airbnb property in Orlando, FL. Mike breaks down what the host did very well and what the issues were during his recent stay at this property. It's all about the good, the bad, and the ugly!

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Ep 89 - Creating Co-Living Communities with Sam Wegert Feb 21, 2022

Show notes

GUEST'S BIO

Sam Wegert is the Founder and CEO of UpLevel Martial Arts. He is also a coach, investor, and entrepreneur. Sam is the co-owner of Life Door Rentals.

HIGHLIGHTS OF THE EPISODE

03:53 Sam Wegert's introduction and background

05:52 What is UpLevel Martial Arts

09:14 How Sam got into the STR industry

10:58 How Sam and his wife manage their STRs

16:07 Should you be near your STRs

16:54 Sam talks about his experience in the operations of his STRs

20:11 The cashflow on STRs

21:43 What is co-living

23:26 How much does a long-term rental cost in co-living rentals

24:00 Nuances in co-living rentals

27:06 What does Sam look for in a co-living space and short term rental

29:03 The marriage of short term rentals and co-living rentals

30:11 Sam's guest avatar

31:15 Housing issue in the USA

33:47 The "community feeling" in co-living spaces

35:15 Sam talks about his passion

36:23 Mike's prediction about co-living

38:25 Sam shares the stories of the people who reached out to him that ventured into co-living rentals

41:24 Sam's vision in the next 5 years

44:21 How short term rentals give you the ability to pursue other things

45:29 Why assurance matters in this industry

49:09 Acknowledgments to Sam

49:35 Where can people learn more about Sam Wegert and what he does

50:10 Sam's #1 secret to success with STRs

NOTABLE QUOTES

"My dreams are bigger than my fears." - Mike Sjogren

"Borrow the belief of the people around you." - Sam Wegert

"In looking at new opportunities, our subconscious mind is the first thing that talks. The subconscious mind only knows fear." - Emanuele Pani

"Ultimately, nobody wants paper with dead precedence on them. We are in this short term rental game for a deeper reason." - Sam Wegert

"Live your deeper purpose now because it will fuel you, and how successful you become is a game." - Sam Wegert

CONNECT WITH THE GUEST

Sam Wegert: Instagram | Facebook | Linkedin

Life Door Rentals: Website

CoLiving Investors Community: Facebook Group

UpLevel Martial Arts: Instagram

CONNECT WITH THE HOSTS

https://linktr.ee/the_airbnbguy

Emanuele Pani:Clubhouse | Instagram | Facebook | Linkedin

FREE MASTERCLASS TRAINING - https://www.strsecrets.com/masterclass

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Ep 88 - Home Automation for STRs with PointCentral's Jim Netska Feb 14, 2022

Show notes

GUEST'S BIO

Jim Netska is Director of Sales at PointCentral and leads the short term rental markets division. He is an experienced sales leader, who has led large and small teams for Verizon, Cablevision, and most recently as VP Sales for Charter Communications, where he led various teams in the MDU and Smart Home space. Jim has an MBA from Dowling College and recently moved from New York to Florida.

HIGHLIGHTS OF THE EPISODE

02:39 AirDNA's Best Places to Invest in 2022 - https://www.airdna.co/blog/best-places-to-invest-in-us-vacation-rentals-2021-2022

04:37 Jim Netska's introduction and background

06:23 How Jim started with PointCentral

07:33 What is PointCentral

12:03 PointCentral's newest Smart Home solutions

14:48 Keeping your systems simple

18:48 Can PointCentral work with window air conditioners

19:51 PointCentral's next integration for home automation

21:44 PointCentral's target audience

24:14 How smart home grows an STR business

25:56 How PointCentral works with a nest

27:16 PointCentral's approach

28:55 Jim shares some tips for STR host/operators starting with smart home

33:39 How to deal with homeowners pushing back on smart homes

34:24 Delivering a consistent guest experience through technology

35:23 Homeowners vs Property Managers

36:32 Acknowledgments to Jim Netska

36:59 Where can people learn more about PointCentral and connect with Jim

37:32 Jim's #1 secret to success with STRs

NOTABLE QUOTES

"Think more long term of where you're going rather than just the quick and easy solution right now." - Mike Sjogren.

"The only way you're going to survive on this business long term is delivering guest experience over and over and the only way to do that is through technology." - Emanuele Pani.

"Technology allows you to repeat the system perfectly every single time." - Emanuele Pani

CONNECT WITH THE GUEST

Jim Netska: Email

PointCentral: Website | Instagram

CONNECT WITH THE HOSTS

https://linktr.ee/the_airbnbguy

Emanuele Pani: Clubhouse | Instagram | Facebook | Linkedin

FREE MASTERCLASS TRAINING - https://www.strsecrets.com/masterclass

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Ep 87 - Systems for Scaling from 2-30 STRs with Chris Petzy Feb 07, 2022

Show notes

GUEST'S BIO
Chris Petzy is the co-owner of Seacoast Vacation Rentals, a short term rental company focused on modernizing the vacation rental experience and helping investors earn more while stressing less.
HIGHLIGHTS OF THE EPISODE
04:00 Get a copy of Mark Simpson's The Book Direct Playbook on www.boostly.co.uk/book
04:55 Chris Petzy's introduction and background
06:00 How Chris got into the STR industry
07:13 Chris' first STR unit
08:34 Chris' first co-hosting deal
11:26 The importance of showing up
14:30 Figuring out what you want and emotionalizing it
16:57 Chris talks about what his day to day look like
18:22 Extreme ownership
20:38 Chris' goal for 2022
21:37 Key hires for Chris' STR business
23:33 What it means being an effective leader in hiring team members
25:30 Chris' tips for leaders on dealing with team members
27:04 The GWC traction
29:43 The most asked question about STR operations
33:49 Measuring and tracking your business for success
38:01 Acknowledgments to Chris
38:26 Where can people connect with Chris and his business
39:37 Chris' #1 secret to success with STRs
44:36 Watch out for the official Short Term Rental Secrets book

NOTABLE QUOTES
"Focus on your strengths and anything that's not your strength, find the people that will be able to execute for you." - Chris Petzy"
"It's not how you show up but it's what you do after you show up." - Emanuele Pani
"You need to create psychological safety." - Chris Petzy
"If you want to get wealthy, start paying attention to your numbers." -Mike Sjogren
"Where your focus goes, energy flows." - Mike Sjogren
CONNECT WITH THE GUEST
Chris Petzy: Instagram | Facebook | Linkedin
Seacoast Vacation Rentals: Website | Instagram

https://linktr.ee/the_airbnbguy

Emanuele Pani: Clubhouse | Instagram | Facebook | Linkedin

FREE MASTERCLASS TRAINING - https://www.strsecrets.com/masterclass

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Ep 86 - How to Build a Tech Company Servicing 45,000 STR Units with Emmanuel Lavoie Jan 31, 2022

Show notes

GUEST'S BIO
Emmanuel Lavoie is CEO of Jetstream Hospitality Solutions, an all-in-one technology platform, and services solution that provides a powerful way for owners, managers, and developers of multi-unit, short-term rental properties to maximize revenues and realize opportunities in the short-term and flexible rental market. Jetstream combines the best-in-class marketing expertise and distribution technology with high-quality customer support to deliver guest delight, streamline operations and reduce financial risk. An engineer and entrepreneur, Emmanuel is a disciple of data-driven decision-making and leading by values.
HIGHLIGHTS OF THE EPISODE
05:14 Get a copy of Mark Simpson's The Book Direct Playbook on www.boostly.co.uk/book
06:01 Emmanuel Lavoie's introduction and background
08:12 How Emmanuel got into the hospitality solutions industry
10:25 Emmanuel talks about how Jetstream started
16:00 How Jetstream works
19:49 What set Jetstream apart from other PMS companies
21:51 How Jetstream handles 45,000 units
24:35 Jetstream's best practice in training virtual assistants to speak their brand language
26:33 Jetstream's number one core value
27:00 Building the right culture
29:41 Emmanuel shares a story of how their company came up with a collective core value
31:03 E shares how his company came up with their core value
32:17 Keeping it simple for new clients
34:11 Jetstream's niche
36:24 How to present effectively
38:08 Emmanuel's vision for hosts in 2022
40:48 The importance of being flexible in the business
44:12 Acknowledgments to Emmanuel
44:34 Check out Jetstream on www.jetstreamtech.io
44:43 Where can people connect with Emmanuel and Jetstream
45:04 Emmanuel's #1 secret to success with STRs

NOTABLE QUOTES
"If you focus on building the right culture, a lot of other stuff will take care of itself." - Mike Sjogren
"It's all about the people." - Emmanuel Lavoie
"Culture is everything because it's all about the people." - Emmanuel Lavoie
"We always choose kindness." - Emanuele Pani
"There's power in simplicity." - Mike Sjogren
"He or she who is the most flexible wins." - Emanuele Pani
CONNECT WITH THE GUEST
Emmanuel Lavoie: Email | Linkedin
Jetstream: Website | Instagram

CONNECT WITH THE HOSTS

https://linktr.ee/the_airbnbguy

Emanuele Pani: Clubhouse | Instagram | Facebook | Linkedin

FREE MASTERCLASS TRAINING - https://www.strsecrets.com/masterclass

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Ep 85 - 5 Steps to Hitting Your Goals in 2022 Jan 17, 2022

Show notes

HOSTS' BIO
Mike Sjogren is a short-term rental expert and coach. He has a portfolio of STR properties across 5 states as well as an oceanfront boutique hotel. Mike brings a wealth of finance, business, and real estate experience. He is passionate about helping others create financial independence through real estate so they can pursue their passions and leave their mark on the world.
Emanuele Pani is a Commercial and Residential Real Estate Consultant at Signature International Real Estate. Has a degree in accounting and finance. Started his real estate journey working as maintenance until the owner decided to sell the 40 unit apartment building to Emanuele.
HIGHLIGHTS OF THE EPISODE
04:29 Sign up for the waitlist of The Book Direct Playbook by Mark Simpson on www.boostly.co.uk/book
06:38 Airbnb's cancellation policy for COVID positive guests
08:35 How to put plans and habits to achieve your goals
09:18 Breaking down your goals periodically
10:28 Mike's tip on reviewing your goals
11:15 How to be deliberate with your time
12:53 Falling off track
14:21 Emanuele's tips on how to stay on your goals
18:48 Focusing on the goals that drive you
20:00 The mindset around your goals
22:29 Surrounding yourself with the people who will hold you to standards
23:54 How to stay on track to hit your goals
24:37 Mike's bonus tip
25:41 The different buckets in setting goals
29:09 The people that will make you greater
31:21 Being the hero of your own movie
35:31 Join the Mastermind program if you want to go all-in on your STR business - www.strsecrets.com/apply
36:45 Check out Mark Simpson's The Book Direct Playbook on www.boostly.co.uk/book
NOTABLE QUOTES
"Be the hero of your own movie". - Mike Sjogren
"You're not gonna change by continuing to do what you've always done." - Emanuele Pani
"Your goals are not a secret list that you write and put on your bedside table to look again at the end of the year. It needs to be a living document." - Emanuele Pani
"There are going to be different seasons in your life where you plant and harvest different trees." - Emanuele Pani
CONNECT WITH THE HOSTS

https://linktr.ee/the_airbnbguy

Emanuele Pani: Clubhouse | Instagram | Facebook | Linkedin

FREE MASTERCLASS TRAINING - https://www.strsecrets.com/masterclass

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Ep 84 - How to Analyze Markets with Loma Homes’ Jeff Brown Jan 10, 2022

Show notes

GUEST'S BIO
Jeff started his career at Target corporate headquarters as an analyst and gradually worked his way into smaller and smaller e-commerce companies like Overstock and 1800 Contacts until he was approached by a startup called One Click Retail. There he quickly became the Director of Operations and helped the company grow to over 100+ employees, achieve 70% profit margins, and complete a successful exit. After 6 years at One Click Retail and 10 years in managing business, Jeff has left to pursue his passion in Entrepreneurship and Real Estate.

HIGHLIGHTS OF THE EPISODE
03:52 Jeff Brown's introduction and background
04:54 How Jeff got into the STR industry
07:23 Joshua Tree as a profitable market
08:45 Jeff's approach to future markets
11:45 Ratio that will hit the profitability threshold
15:12 How to find a "20% rule" house
17:02 Red flags in finding markets
20:44 Jeff's vision for Loma Homes in 2022
23:03 How to choose a property for your STR business
25:50 Jeff's advice to people who has analysis paralysis
29:07 Acknowledgments to Jeff
29:43 Where can people learn more about Loma Homes and connect with Jeff
30:17 Jeff's #1 secret to success with STRs
NOTABLE QUOTES
"If you are on the fence on whether you want to or not, I recommend doing it with the lowest risk possible." - Jeff Brown
"You need to try out the lifestyle." - Jeff Brown
"I don't think short term rentals are as passive as some people make it out to be." - Jeff Brown

CONNECT WITH THE GUEST
Jeff Brown: Linkedin | Email
Loma Homes: Website | Instagram
CONNECT WITH THE HOSTS
Michael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedin

https://linktr.ee/the_airbnbguy

Emanuele Pani: Clubhouse | Instagram | Facebook | Linkedin

FREE MASTERCLASS TRAINING - https://www.strsecrets.com/masterclass

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Ep 83 - How to Optimize Your Operations with Breezeway’s Koryn Okey Jan 03, 2022

Show notes

GUEST'S BIO
Koryn Okey is dedicated to creating long-lasting relationships with her clients and driving awareness to the vacation rental industry. Since 2017, she has held a number of roles within Breezeway and currently serves as the VP of Client Experience. Koryn got her start in vacation rentals in 2008 at FlipKey, as part of the team that brought Guest Reviews to the industry. While Koryn calls Boston home, if she’s not at a conference or visiting clients in-market, you can often find her on the beaches of St. John or enjoying a nice glass of wine in Napa Valley.

HIGHLIGHTS OF THE EPISODE
03:22 Koryn's introduction and background
04:33 How Koryn started with FlipKey
06:09 When did Koryn start with Breezeway
07:19 What is Breezeway
07:58 Where Breezeway can be used
10:50 How compatible is Breezeway with new hosts
18:37 Systemizing and setting up your business for success
23:25 Mike talks about a sample system
24:16 What STRS can learn from big hotel chains
27:51 Koryn talks about Breezeway's new features and functionalities
31:42 Looking for the right partnership
36:42 Acknowledgments to Koryn
37:34 Where can people connect with Koryn and learn more about Breezeway
38:35 Koryn's #1 secret to success with STRs
41:04 Text "RESOURCES" to (978) 242-0001 to get the STR Secrets Starter Pack for free

NOTABLE QUOTES
"Make sure that you're set up for success." - Koryn Okey
"Being able to learn and not having to recreate the wheel is super useful as you are just starting out." - Koryn Okey
"At the beginning, you don't know what you don't know." - Mike Sjogren
"You have to be okay with letting go of control." - Mike Sjogren
CONNECT WITH THE GUEST
Koryn Okey: Instagram | Facebook | Linkedin
Breezeway: Website | Instagram | Email
CONNECT WITH THE HOSTS

https://linktr.ee/the_airbnbguy

Emanuele Pani: Clubhouse | Instagram | Facebook | Linkedin

FREE MASTERCLASS TRAINING - https://www.strsecrets.com/masterclass

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Ep 82 - Extreme Themed Short Term Rentals with Bryndee Barton Dec 27, 2021

Show notes

GUEST'S BIO
Bryndee Barton started her first real estate company in 2013 along with her husband, Kyle. What started as a side gig of duplexes turned into a full-time business flipping houses, creating vacation rentals, and developing larger multifamily deals. Her specialty is managing large re-construction projects remotely, as she has successfully managed and completed projects across 7 different states. Bryndee now focuses on Loma Homes vacation rental development—creating premium, extreme-themed homes for guests to get an immersive experience that leaves them with unforgettable memories.

HIGHLIGHTS OF THE EPISODE
04:35 Bryndee Barton's introduction and background
05:37 How Bryndee got into real estate and the STR industry
07:25 Managing properties out of state
09:36 Bryndee's tips on how to vet out contractors
12:13 Team players and accountability
15:19 Bryndee talks about her first extreme-themed STR deal
18:21 Numbers that matter when picking a market
20:47 Rule of thumb in annual revenue
22:24 Bryndee talks about their extreme-themed vacation spaces
25:13 How Bryndee and Loma Homes works on their extreme-themed rentals
27:05 Making your property stand out on competitive markets
29:14 Horror story of a design manager
30:56 Bryndee's goal for Loma Homes
32:06 How to fund themed STRs
36:26 Tips before raising funds and investing in STRs
39:49 Acknowledgments to Bryndee
40:46 Where can people learn more about Loma Homes
41:28 Bryndee's #1 secret to success with STRs
NOTABLE QUOTES
"It's a lot of work and there's also times that you want to give up but it's also validating when you see the first guest come through and the joy in the children's eyes." - Bryndee Barton
"It is so fun to make the world a little bit better even if it's just one house at a time." - Bryndee Barton
"The more things you know, the more ways you know how to play the game." - Emanuele Pani

CONNECT WITH THE GUEST
Bryndee Barton: Linkedin
Loma Homes: Website | Instagram
CONNECT WITH THE HOSTS
Michael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedin

https://linktr.ee/the_airbnbguy

Emanuele Pani: Clubhouse | Instagram | Facebook | Linkedin

FREE MASTERCLASS TRAINING - https://www.strsecrets.com/masterclass

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Ep 81 - What It Really Takes to Build And Scale A Business with Hostaway's Marcus Rader Dec 20, 2021

Show notes

GUEST'S BIO
Marcus Rader has been in tech startups since 2006. Six years ago, he saw an opportunity to get involved in an industry he is passionate about - vacation rentals. Existing solutions in this space were built by real estate and travel professionals, rather than technology professionals. In co-founding Hostaway, the all-in-one vacation rental management software, Marcus' team had an immediate competitive advantage. He also dedicated himself to learning about the vacation rental ecosystem and creating a network of valuable relationships in the industry. Today, Marcus is the CEO of Hostaway which is the fastest-growing solution on the market. They are the preferred partners of big OTAs including Airbnb, Booking.com, and VRBO, and have the largest marketplace in the sector with more than 100 integrated software partners.

HIGHLIGHTS OF THE EPISODE
03:46 Marcus Rader's introduction and background
06:50 What made Marcus co-founded Hostaway
09:12 Global megatrends
11:20 Marcus talks about putting himself in the shoes of Airbnb hosts to experience property management
14:13 What sets Hostaway apart from other PMS
16:32 Why your PMS support is important
18:59 E shares his experience with his previous PMS that made his listings went down
21:43 Key things that Hostaway focused on their system
25:15 Hostaway's focus area for 2022
27:43 What Marcus and his customer success team did with their customers when the pandemic first hit
30:33 How the STR industry in the US recovered from the pandemic
34:22 Marcus talks about where the STR industry is going
36:55 Multiples in property management companies
38:34 Reasons why people would not invest in companies
41:03 Why growth matters to SaaS
42:07 AirDNA's US forecast for 2022
43:23 Acknowledgments to Marcus
44:07 Where can people connect with Marcus and find out more about Hostaway
44:44 What is Marcus's #1 secret to success with STR
NOTABLE QUOTES
"Speed kills." - Mike Sjogren
"There's a great value in combining smaller things to make them into something bigger." - Emanuele Pani
"As you grow your business, you're going to notice that whatever worked yesterday does not work anymore." - Marcus Rader
"Every business is built on people." - Marcus Rader
CONNECT WITH THE GUEST
Marcus Rader: Linkedin
Hostaway
CONNECT WITH THE HOSTS

https://linktr.ee/the_airbnbguy

Emanuele Pani: Clubhouse | Instagram | Facebook | Linkedin

FREE MASTERCLASS TRAINING - https://www.strsecrets.com/masterclass

Learn more about your ad choices. Visit megaphone.fm/adchoices

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