Thanks For Visiting

Latest Episodes:

193. Know Your Numbers and Empower Your Business with Quarterly Reports Sep 29, 2022

Show notes

Quarterly recaps are a MUST for your business. Whether you’re managing properties for clients, or self-operating your STR listings, regular quarterly reports can help provide a holistic, high-level view of your business’ performance.

This real data puts a different spin on the day to day grind, especially in those moments where you feel like you’re having a slow week or your booking calendar is empty. Having oversight into your listings’ performance from month to month, and quarter to quarter, allows you to zoom out and keep you informed. Data over drama!

Our 4 Key Metrics in the Quarterly Report:

Occupancy rate
Average Daily Rate (ADR) = Total Rev / Nights Sold
Revenue Per Available Room (RevPAR) = Total Rev / Available Rooms
Total Revenue

Resources:

#STRShareSunday: @AllBelong.co

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.

Minoan | Minoan helps short-term rentals and boutique hotels enhance their appeal with their customizable, curated retail platform.

Minoan | Visit MinoanExperience.com and tell them TFV sent you!

Make More Money This Year | Join our LIVE Workshop!

192. Hosting Hotline: How To Organize Your Work (and Life) As An STR Owner Sep 26, 2022

Show notes

Welcome to another Ask Me Anything (Ask Us Anything?) episode! Each week we’ll answer your questions on STR, real estate, OTAs, and everything in between.

Kelsey (@StayJandK) asks:

How do you set up your Workday or your work week? There’s so many things I know I could (or should) be doing, but some days it’s so much that I get analysis paralysis. How do you structure things on a daily, weekly, and monthly basis, and how do you know when it’s time to delegate tasks out to your team?

Thanks to everyone who submitted questions. To hear your voice on the show and send a question to Sarah & Annette, visit Speakpipe.com/ThanksforvisitingAMA

Thanks for Visiting is produced by Crate Media.

Mentioned in this episode:

Make More Money This Year | Join our LIVE Workshop!

191. Hustle Is Not Enough: Attention to Detail and Creating Your Niche in STR Sep 22, 2022

Show notes

TJ Tijani immigrated from Nigeria, landed in Houston, and his story is a whirlwind of hustle and entrepreneurship. He grew up with a single mom who was raising 5 kids, and watching her tenacity and grit inspired TJ to be the first in my extended family to graduate college and get a job as an engineer.

But he hated the 9-5 grind, and took matters into his own hands, walking away from his job and jumping head first into the short-term rental business. After lots of studying and trial & error, TJ now runs a successful STR empire, and teaches others how to do the same.

Resources:

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.

Minoan | Minoan helps short-term rentals and boutique hotels enhance their appeal with their customizable, curated retail platform.

Minoan | Visit MinoanExperience.com and tell them TFV sent you!

Make More Money This Year | Join our LIVE Workshop!

190. Hosting Hotline: Comparing Your STR House Rules with Airbnb’s Guest Policies Sep 19, 2022

Show notes

Welcome to another Ask Me Anything (Ask Us Anything?) episode! Each week we’ll answer your questions on STR, real estate, OTAs, and everything in between.

Courtney asks:

We recently had a situation with Airbnb in which a guest had not signed a rental agreement within 48 hours of booking, which is specified in our listing’s rules. Airbnb refused to uphold our rule, and stated that the guests had until the moment of check-in to meet our requirement of signing the rental agreement.

Airbnb has very much sided with guests, claiming that they would not cancel the reservation on their end until that moment of check-in, and even going so far as to threaten me about canceling the reservation as a host because of their new policy (which just took effect in August).

How do you go about ensuring that guests sign a rental agreement when Airbnb won't uphold your rules?

Thanks to everyone who submitted questions. To hear your voice on the show and send a question to Sarah & Annette, visit Speakpipe.com/ThanksforvisitingAMA

Resources:

Thanks For Visiting is heading to the Sahara Las Vegas October 22 & 23. Learn from us and amazing guests from across the country at this actionable in-person workshop. Get your tickets at ThanksForVisiting.me/Vegas.

Thanks for Visiting is produced by Crate Media.

Mentioned in this episode:

Make More Money This Year | Join our LIVE Workshop!

189. Fire Safety Comes First in Your STR Sep 15, 2022

Show notes

Safety is one of the first things to think about in short term rentals, and our favorite safety expert, Justin Ford, is back on the show to help make sure our guests go home only with great memories.

Justin recently attended the National Fire Protection conference in Boston, and as no surprise, he’s brought back with him a slew of new products and recommendations for fire safety.

Resources:

Thanks for Visiting is produced by Crate Media.

Mentioned in this episode:

Minoan | Minoan helps short-term rentals and boutique hotels enhance their appeal with their customizable, curated retail platform.

Minoan | Visit MinoanExperience.com and tell them TFV sent you!

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.

188. Hosting Hotline: How To Offer Your Property’s Amenities to the Public Sep 12, 2022

Show notes

Welcome to another Ask Me Anything (Ask Us Anything?) episode! Each week we’ll answer your questions on STR, real estate, OTAs, and everything in between.

Michelle (from @BirdHausFarms) asks:

We have a large swimming hole on our vacation rental’s property, and are considering renting this out to the public (non-guests) to earn extra revenue. What’s the best way to do this to not interfere with the guest’s experience?

Thanks to everyone who submitted questions. To hear your voice on the show and send a question to Sarah & Annette, visit Speakpipe.com/ThanksforvisitingAMA

Resources:

Join us in Las Vegas! Thanks For Visiting’s FIRST Live Event is October 22-23 at the Sahara Las Vegas. Visit ThanksForVisiting.me/Vegas for tickets & more info

Thanks for Visiting is produced by Crate Media.

Mentioned in this episode:

Make More Money This Year | Join our LIVE Workshop!

187. Fostering Support and Advocacy for Short-Term Rental Communities Sep 08, 2022

Show notes

David Krauss fell in love with short-term rental hosting in 2013. As a strong believer in the people of the short-term rental community, David cofounded Rent Responsibly in 2019 to help harness the innovation and solution-oriented energy of hosts. Rent Responsibly is a community building and education platform for local short-term rental alliances.

Resources:

Thanks for Visiting is produced by Crate Media.

Mentioned in this episode:

Minoan | Minoan helps short-term rentals and boutique hotels enhance their appeal with their customizable, curated retail platform.

Minoan | Visit MinoanExperience.com and tell them TFV sent you!

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.

186. Hosting Hotline: Invest In Your Property by Hiring A Caretaker Sep 05, 2022

Show notes

Welcome to another Ask Me Anything (Ask Us Anything?) episode! Each week we’ll answer your questions on STR, real estate, OTAs, and everything in between.

Calvin asks:

You’ve talked about finding a caretaker for your property (or properties), who is more involved and invested in your rentals than just a turnover team or pool cleaner. Do you have any advice on finding a caretaker (also called a property coordinator, inspector, or detailer)?

Thanks to everyone who submitted questions. To hear your voice on the show and send a question to Sarah & Annette, visit Speakpipe.com/ThanksforvisitingAMA

Thanks for Visiting is produced by Crate Media.

Mentioned in this episode:

Make More Money This Year | Join our LIVE Workshop!

185. Create An Abundance Mindset Through Collaboration, Not Competition Sep 01, 2022

Show notes

Kyle Stanley is an AirBnB operator out of Fresno, CA. Although he has been doing AirBnB since 2015, he didn't truly turn it into a business until May of 2019.

When Kyle learned he could operate AirBnB's in homes that he didn't even own, he realized that he could scale the business quickly. In under 18 months, Kyle went from 1 listing to 25 listings, netting over $20K per month.

Now 3 years into the business, Kyle has over 60 properties and nets an average of $60k per month while spending just 3 hours per week in his business. With the extra time, he now teaches others how to replicate his path. Kyle also has a YouTube and Podcast called "The Fearless Investor."

Resources:

Thanks for Visiting is produced by Crate Media.

Mentioned in this episode:

Make More Money This Year | Join our LIVE Workshop!

Minoan | Minoan helps short-term rentals and boutique hotels enhance their appeal with their customizable, curated retail platform.

Minoan | Visit MinoanExperience.com and tell them TFV sent you!

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

184. Hosting Hotline: Airbnb Is NOT Going To Cover Your Insurance Aug 29, 2022

Show notes

Welcome to another Ask Me Anything (Ask Us Anything?) episode! Each week we’ll answer your questions on STR, real estate, OTAs, and everything in between.

Andy asks:

Regarding insurance, how do we as hosts assess if the 3% fee we save with direct booking is worth the cost of purchasing our own insurance for our STR?

Thanks to everyone who submitted questions. To hear your voice on the show and send a question to Sarah & Annette, visit Speakpipe.com/ThanksforvisitingAMA

Thanks for Visiting is produced by Crate Media.

Mentioned in this episode:

Make More Money This Year | Join our LIVE Workshop!

TFVCON | Join us September 24-26 in Columbus, Ohio for TFV CON 2023!

TFV Con | Grab your spot now at tfvcon.com.

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