Legends X Accelerator Program Open For Applications

Get Paid For Your Pad
Published: August 13, 2021
Hosting Operations

Summary

This article discusses episodes from the 'Get Paid For Your Pad' podcast. Specifically, episode 398 focuses on the Legends X Accelerator program and how it helps hosts grow their STR businesses, including topics like revenue management, CEO strategies, and comparing hotel vs STR revenue strategies. Hosts can consider applying to the Legends X Accelerator, and/or listen to the episodes for insights on revenue and business strategy.

Key Insights

  • The Legends X Accelerator program has a 100% success rate in helping participants get results from their online courses.
  • STR operators stay stuck in the hectic host stage even as they grow.
  • STR rate drops must be deeper near arrival.
  • The article discusses key areas covered in the Legends X Playbook including guest communication, property onboarding, cleaning management, and hiring systems.
  • Product uniqueness turns every listing into its own “mini hotel”.
  • STR revenue management must be scheduled, not reactive.
  • Most STR operators underperform not because they lack tools, but because they don’t know what to look at, when to look at it, or how to interpret booking behavior once it shows up.
  • The article suggests that being busy does not mean your STR business is progressing.

Action Items

  • Hosts interested in growing their Airbnb business can apply for the Legends X Short-Term Rental Accelerator.
    Effort: medium
    Impact: medium
  • Identify the biggest bottleneck in your STR business.
    Effort: medium
    Impact: high
  • Hosts should develop a consistent revenue management routine.
    Effort: medium
    Impact: high
  • Review every booking to reveal pricing and demand signals.
    Effort: low
    Impact: medium
  • Identify whether a problem is worth solving right now.
    Effort: low
    Impact: medium

Tools & Resources

  • strlegends.com/x: The article mentions the website where you can apply for the Legends X Accelerator, https://www.strlegends.com/x.(strlegends.com/x)
  • Hostfully: The article mentions a sponsor Hostfully with a discount code PAD.
  • Freewyld Foundry Report: The podcast episode suggests getting a free revenue review at https://www.freewyldfoundry.com/report.(freewyldfoundry.com/report)

Common Mistakes

  • STR operators can rely on last-minute demand but cannot with STRs.

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