Thanks For Visiting

Latest Episodes:

327. How To “Ask for Money” and Access Financing with Bill Allen Jan 25, 2024

Show notes

Today’s expert guest is Bill Allen in an interview conducted during TFVCON2023. Bill’s informative presentation inspired and empowered attendees to seek out creative financing outside of the typical bank structure. It may sound scary, but the logic behind this shift will surprise you!

Amid the buzz and bustle of the conference atmosphere, Bill gets tactical with tools to shift your mindset from lender to partner, from building a transaction to building a relationship. He also shares wisdom on what to do when it goes wrong, and how to hack your process to avoid failure (at least in the traditional sense) altogether.

It’s an eye opening perspective, to be sure. Check out the below linked related episodes for more information on these concepts, and keep an eye out for upcoming episodes in this area as more and more short-term hosts look to pull the plug on their short-term rental dreams.

(00:01:23) #STRShareSunday: @theadamsfarmhousevt

(00:04:11) Exploring the Idea of Family/Friendly Financing

(00:06:52) Mastering the Mindset of Creative STR Financing

(00:10:39) What Happens When an STR Deal Doesn’t Work Out?

(00:15:52) Changing How We View & Use Banks

Resources:

Visit thanksforvisiting.com/workshop to watch our Hosting Business Mastery Method workshop!

Airbnb Essentials Checklist: hostchecklist.com

#STRShareSunday: @theadamsfarmhousevt

Tips for Establishing a Private Lending Partnership #281

Buying Land & Property Using Creative Financing Options with Mike Hicks #124

Read: Failing Forward: Turning Mistakes into Stepping Stones for Success

Thanks for Visiting is produced by Crate Media.

Mentioned in this episode:

Make More Money This Year | Join our LIVE Workshop!

Breezeway | Go to breezeway.io/tfv to claim your free implementation when you start a Breezeway account.

Relay | Go to https://relayfi.com/?referralcode=ThanksForVisiting for your FREE business banking account.

326. Hosting Hotline: Where to Find Unique & Affordable Decor Upgrades for Your STR Jan 23, 2024

Show notes

Welcome back to the Hosting Hotline! This is an Ask Me Anything where each week we’ll answer your questions on Airbnb, STRs, real estate, and everything in between.

Daisy asks:

I'm looking to refresh my property and I want to stay on a budget. I also want to add some personality and interest to my rental. I'm thinking of an accent wall, maybe a mural or wallpaper. How do I add some unique decor, with some personality, that can feel special to my place rather than what you see everywhere?

(00:01:29) Daisy Asks for Help Bringing Some Personality to Her Rental

(00:02:22) Look for Uniquely Crafted Items on Etsy

(00:02:50) Strategizing Your STR’s Visual Update

(00:04:56) Good Examples of Unique Decor in Short-Term Rentals

Thanks to everyone who submitted questions. To hear your voice on the show and send a question to Sarah and Annette, submit your burning hosting questions at: hostinghotline.com.

Resources:

Visit thanksforvisiting.com/workshop to watch our Hosting Business Mastery Method workshop!
Airbnb Essentials Checklist: hostchecklist.com
Hospitality Tips from an Airbnb Legend- with Chip Conley #100
How to Design A Scroll-Stopping Listing with Bridgette Whitney #241

Thanks for Visiting is produced by Crate Media.

Mentioned in this episode:

Make More Money This Year | Join our LIVE Workshop!

Quiz | Take our quiz to reveal your hosting personality style!

325. Is Airbnb Banned in New York City? How to Host in the Big City in 2024 Jan 18, 2024

Show notes

Today’s expert guests, James and Laureta, are Superhosts with nine years of multimarket hosting experience. They started their short-term rental journey by renting out a bedroom in the apartment Laureta was living at the time – in Brooklyn – and together, they soon discovered their love of restoring historic buildings and dynamic properties.

Of course, we ask Laureta about that first risky listing – two rooms in her own apartment in the early days of Airbnb – about launching and scaling their hosting business, and more, but the crux of our conversation falls on the harsh reality of New York City's newly implemented STR ban.

Now, is it a total ban? No. James and Laureta still operate their listings as short-term rentals in New York City. It can be done, but you have to know your stuff (and be in the right building) to make it happen. James and Laureta show us the way.

Tune in to get the skinny on hosting in the city, pre- and post- regulations, and how these two brilliant entrepreneurs have leveraged their ability to think ahead of the game on their way to building a short-term empire down the east coast.

(00:01:29) #STRShareSunday: @hyggesonoma

(00:06:00) Getting Into the New York (Hosting) State of Mind

(00:15:57) Reimagining an Abandoned Bed-Stuy Space

(00:24:43) The Community of Hosts & Hosting in NYC

(00:29:21) Is This the End of Short-Term Rentals in New York?

(00:32:19) Team Structure & Future Plans

(00:40:59) NYC Housing Crisis vs. STR Regulations

Resources:

Visit thanksforvisiting.com/workshop to watch our Hosting Business Mastery Method workshop!

Airbnb Essentials Checklist: hostchecklist.com

Instagram: @jamesandlaureta

Airbnb Profile: About James And Laureta

#STRShareSunday: @hyggesonoma

Thanks for Visiting is produced by Crate Media.

Mentioned in this episode:

Relay | Go to https://relayfi.com/?referralcode=ThanksForVisiting for your FREE business banking account.

Breezeway | Go to breezeway.io/tfv to claim your free implementation when you start a Breezeway account.

Make More Money This Year | Join our LIVE Workshop!

324. Hosting Hotline: 7 Tips for First-Time Airbnb Hosts Jan 16, 2024

Show notes

Welcome back to the Hosting Hotline! This is an Ask Me Anything where each week we’ll answer your questions on Airbnb, STRs, real estate, and everything in between.

Sandrine asks:

My partners and I are finally set to launch our first STR next month. We will certainly diversify our OTAs, but I would love to know any hot tips that you may have for newbies like us. As we do set up our Airbnb listing, what things do we definitely want to make sure are turned on, or off? Can you share any tips that will make us more appealing on the platform? Thanks so much.

(00:02:00) Any Hot Tips for Hosts Just Getting Started?

(00:02:56) Importance of Professional Photography & Image Arrangement

(00:04:18) Covering All the Details During Listing Set-Up

(00:05:47) Establish a Dynamic Pricing Strategy

(00:07:02) Dialing in Your House Rules Before You Need Them

(00:08:01) Pressure Test, Pressure Test, Pressure Test

(00:09:29) Prioritizing Safety & Security for Everyone Involved

Thanks to everyone who submitted questions. To hear your voice on the show and send a question to Sarah and Annette, submit your burning hosting questions at: hostinghotline.com.

Resources:

Recommended dynamic pricing partner: PriceLabs

Recommended STR insurance partner: Proper Insurance

You’re invited to earn money as an Airbnb host: Get started on Airbnb

Visit thanksforvisiting.com/workshop to watch our Hosting Business Mastery Method workshop!

Airbnb Essentials Checklist: hostchecklist.com

Airbnb Link: https://www.airbnb.com/r/sarahk1481?s=6&t=061n0g

Thanks for Visiting is produced by Crate Media.

Mentioned in this episode:

Make More Money This Year | Join our LIVE Workshop!

Quiz | Take our quiz to reveal your hosting personality style!

323. Pro Tips for Remote Hosting a Mid-Term Rental Portfolio with Sarah Weaver Jan 11, 2024

Show notes

Today’s expert guest is Sarah Weaver, co-author of the new MTR management book, 30 Day Stay. She joins the show to detail her amazing journey – around the world and back again – to Omaha, where she's now grown roots as a trusted MTR hosting mentor, real estate investor, business coach, speaker, and global workshop leader.

Sarah is financially free and has leveraged mid-term rentals to design a life she loves. In this episode, we hear all about the beginning of her travels – managing her first property from Argentina and buying her second from Mexico – all the way through to her burgeoning empire in the American midwest (with a pandemic pitstop in New Zealand, of course).

Her wealth of experience and wisdom goes so much deeper than midterm rentals; steeped in the low-grade pressure cooker of solo female global travel and through work with her own mentors, her perspective on the world gives us so much to learn from.

Grab Sarah's book, 30 Day Stay, published by Bigger Pockets here: https://amzn.to/3RjlpUo

(00:01:13) #STRShareSunday: @40th.and.fruit

(00:06:49) Sarah Weaver’s Worldwide Hosting Journey

(00:17:10) Managing Rapid Growth in 2020/21

(00:27:05) Shifting Strategy to Mid-Term Rentals

(00:46:58) Growing Roots in Omaha, Nebraska

Resources:

Visit thanksforvisiting.com/workshop to watch our Hosting Business Mastery Method workshop!
Airbnb Essentials Checklist: hostchecklist.com
Read: 30 Day Stay by Sarah Weaver & Zeona McIntyre
Instagram: @sarahdweaver
Furnishing services: Arya Design Services
Investor retreats: Invested Adventures
#STRShareSunday: @40th.and.fruit

Thanks for Visiting is produced by Crate Media.

Mentioned in this episode:

Breezeway | Go to breezeway.io/tfv to claim your free implementation when you start a Breezeway account.

Relay | Go to https://relayfi.com/?referralcode=ThanksForVisiting for your FREE business banking account.

Make More Money This Year | Join our LIVE Workshop!

322. Hosting Hotline: Our Favorite Coffee Cups (Amazon Link in Notes!) Jan 09, 2024

Show notes

Welcome back to the Hosting Hotline! This is an Ask Me Anything where each week we’ll answer your questions on Airbnb, STRs, real estate, and everything in between.

Danielle asks:

I've heard you guys talk about to-go coffee cups. Are they disposable cups? I think it's a great idea, but I'm not sure what you mean. I'd love your advice. Thank you.

(01:28) Danielle Asks About Recommended To-Go Coffee Cups

(02:07) Paper Cups with Sleeve & Lid (Recyclable Version!)

(03:07) Benefits of Providing Branded At-Home Coffee Mugs

(04:22) How Many Coffee Cups Should You Provide to Rental Guests?

Thanks to everyone who submitted questions. To hear your voice on the show and send a question to Sarah and Annette, submit your burning hosting questions at: hostinghotline.com.

Resources:

16 oz Paper Coffee Cups, Disposable Paper Coffee Cup with Lids, Sleeves & Stirrers
Visit thanksforvisiting.com/workshop to watch our Hosting Business Mastery Method workshop!
Airbnb Essentials Checklist: hostchecklist.com

Thanks for Visiting is produced by Crate Media.

Mentioned in this episode:

Quiz | Take our quiz to reveal your hosting personality style!

Make More Money This Year | Join our LIVE Workshop!

321. PriceLabs Dynamic Pricing vs. Airbnb Cleaning Fees Jan 04, 2024

Show notes

Today’s expert guest is Monique DeLorenzo, a host who was eager to dive deeper into the financials of our great industry. In addition to hosting her cute Vermont a-frame property, she’s also a solutions consultant with PriceLabs, a revenue management tool for hosts and property managers that provides users with dynamic pricing and market insights.

We use PriceLabs and were inspired to email Monique as soon as the Airbnb winter release became public, to see if she had any insight on the cleaning fee changes and how one might best leverage our new parameters in that area to maintain, or even boost, revenue.

She covers that and so much more in this super deep dive on dynamic pricing. You don’t want to miss this one as you set your goals and expectations for the new year and beyond.

(00:01:22) #STRShareSunday:@littlecoveaframe

(00:03:37) (Re)Introducing Monique DeLorenzo

(00:16:34) Singing the Praises of Dynamic Pricing

(00:19:55) Update on Airbnb Platform Changes

(00:27:29) Common Pricing Mistakes that Hosts Make

(00:34:14) PriceLabs vs. Airbnb Smart Pricing

(00:40:50) Final Word on Airbnb Cleaning Fees

Resources:

PriceLabs: Revenue Management for Vacation Rentals
Visit thanksforvisiting.com/workshop to watch our Hosting Business Mastery Method workshop!
Airbnb Essentials Checklist: hostchecklist.com
#STRShareSunday: @littlecoveaframe
Connect with Monique: @thevermontaframe

Thanks for Visiting is produced by Crate Media.

Mentioned in this episode:

Breezeway | Go to breezeway.io/tfv to claim your free implementation when you start a Breezeway account.

Hostfully | Go to https://www.hostfully.com/tfv and use TFV100 to get $500 off your subscription.

Relay | Go to https://relayfi.com/?referralcode=ThanksForVisiting for your FREE business banking account.

Make More Money This Year | Join our LIVE Workshop!

Co-Hosting Confidential 005. Pro Tips for Remote Co-Hosting (Success Unlocked Season 1) Jan 03, 2024

Show notes

Welcome back to Success Unlocked, where our hosting business master membership coaches discuss operations, social media, unique builds, co-hosting strategies, and so much more. This week’s episode is Co-Hosting Confidential, hosted by Amy Corbett.

Amy speaks with Lori Lusk – an experienced co-host living in Washington but operating rentals in Georgia, Arkansas, and Seattle – about what it takes to manage remote properties. They cover the pros and cons, do’s and don’ts, best practices, mistakes to avoid, and so much more.

Critical questions to ask during onboarding, roles to prioritize, and whether or not you should tour a prospective property in person – you’ll get answers to some important questions as a beginner co-host or someone who’s looking to learn more about the space.

(00:02:10) Tips for Getting Into Co-Hosting

(00:11:05) Establishing Effective Expectations

(00:16:41) Coordinating Remote Vacation Properties

(00:23:31) Co-Hosting Best Practices: Time Zones & Travel

(00:28:51) Expanding to Brand New Markets

Resources:

Visit thanksforvisiting.com/workshop to watch our Hosting Business Mastery Method workshop!
Airbnb Essentials Checklist: hostchecklist.com
Website: goldendeerescapes.com
Remote Host Hub: remotehosthub.com
Instagram: @goldendeerescapes and @remotehosthub
Website: allbelong.co
Instagram: @allbelong.co
Tik Tok: @allbelongco
Facebook: allbelong.co

Thanks for Visiting is produced by Crate Media.

Mentioned in this episode:

Make More Money This Year | Join our LIVE Workshop!

Host Checklist | Grab our Airbnb Essentials Checklist and make stocking your Airbnb a breeze – we've got all your hosting needs covered!

320. Hosting Hotline: Use Targeted Marketing to Reach Your Ideal Guests Jan 02, 2024

Show notes

Welcome back to the Hosting Hotline! This is an Ask Me Anything where each week we’ll answer your questions on Airbnb, STRs, real estate, and everything in between.

Ryan asks:

I converted an LTR to an STR last year with stellar results. I just went live with my second listing, an executive lake home minutes from downtown Minneapolis with epic views over the water and downtown skyline. It has a game room, a hot tub, boathouse, all the bells and whistles.

What I need is some guidance and information with respect to marketing, pitfalls to avoid, and the safety of the home and its guests. I can find reference information about lake homes further away from the metropolitan area, but not so close.

The suburb it’s located in just passed a six-guest cap on all STRs. This works great for our 3,400 square foot home since it only has three mammoth bedrooms. Any and all information you could help me out with would be so appreciated.

(00:01:34) Ryan Asks About His New Lake View Listing

(00:03:17) Targeted Marketing to Match Your Needs

(00:04:46) Recommended Tech: NoiseAware & Know Your Guest

(00:07:22) Clear House Rules & Communications

Thanks to everyone who submitted questions. To hear your voice on the show and send a question to Sarah and Annette, submit your burning hosting questions at: hostinghotline.com.

Resources:

Visit thanksforvisiting.com/workshop to watch our Hosting Business Mastery Method workshop!
Airbnb Essentials Checklist: hostchecklist.com
NoiseAware, Noise Monitoring System: Use code TFVNA20 to get 20% off your purchase!
Verify your guests with Know Your Guest by Superhog

Thanks for Visiting is produced by Crate Media.

Mentioned in this episode:

Quiz | Take our quiz to reveal your hosting personality style!

Make More Money This Year | Join our LIVE Workshop!

319. Top 10 Episodes of 2023: Hard Lessons, Updated Listings & Valuable Learnings Dec 28, 2023

Show notes

Sarah and Annette celebrate ten of the most impactful, educational, and memorable episodes of the year. Seven fantastic (female-led) guest episodes, three editions of Hosting Hotline, and one bonus release make the cut in this recap of 2023, before we look ahead at 2024 and beyond.

Direct booking, legislation and regulation, and making the decision to buy/sell are just a few trending STR topics going into the new year. If you are in the midst of one, or another tricky situation, and are willing to be open and vulnerable in a conversation for our audience, we’d love to have you on the show. Email hi@thanksforvisiting.com to get things started!

(00:01:44) #STRShareSunday: @foxtailcabin

(00:04:42) 2023: Recapping a Hard Pivot for Hosts

(00:06:42) Celebrating our Top 7 Guest Episodes of 2023

(00:21:27) Hosting Hotline: Top Host Inquiries of 2023

Resources:

Visit thanksforvisiting.com/workshop to watch our Hosting Business Mastery Method workshop!
Airbnb Essentials Checklist: hostchecklist.com
#STRShareSunday: @foxtailcabin

Thanks for Visiting is produced by Crate Media.

Mentioned in this episode:

Breezeway | Go to breezeway.io/tfv to claim your free implementation when you start a Breezeway account.

Make More Money This Year | Join our LIVE Workshop!

Hostfully | Go to https://www.hostfully.com/tfv and use TFV100 to get $500 off your subscription.

Relay | Go to https://relayfi.com/?referralcode=ThanksForVisiting for your FREE business banking account.