October 2021

This article discusses Vacasa's acquisition strategy, highlighting their rapid growth and the number of property management companies they've acquired. Learn about their deep-dive approach to expanding their portfolio, impacting the competitive landscape of the short-term rental market. The presentation slides offer insights from PriceLabs.

This article discusses the competitive landscape among Airbnb, VRBO, and Booking.com, focusing on how they are adopting successful strategies from each other. The analysis, provided by PriceLabs, likely delves into how these platforms are vying for supply, positioning themselves in the market, and adjusting their pricing strategies. It highlights the dynamic nature of the STR market and how platforms influence each other.

This article discusses revenue management strategies and CEO-level focus in the STR business. It highlights the importance of daily and weekly pricing routines and recognizing CEO's role and decision-making for optimal performance. You should use your time strategically and understand how to manage pricing routines to optimize your revenue.

A bill concerning short-term rental regulations has been passed by the House, causing concern among local officials. This indicates potential changes in how STRs are governed, which could affect hosts' operations. Stay informed about the evolving regulatory landscape to ensure compliance and avoid penalties.

The Michigan House voted to prevent cities from banning short-term rentals, which could impact your ability to operate your STR in Michigan. Hosts in Michigan should pay attention to this development to understand the evolving legal landscape.

This podcast episode discusses affordable technology options for small Airbnb hosts (5 units or less) to automate guest engagement and manage cleaning and maintenance. It highlights the potential of text messaging for guest communication and introduces PropertyCare as a solution that integrates with PMS systems, filling a gap in the market for smaller hosts. Hosts with a few properties can explore options to improve their operations and guest experience.

Properly has partnered with Quality in Tourism to offer a "Safe, Clean and Legal" accreditation program for UK-based short-term rental owners. This accreditation aims to help hosts ensure guest safety and potentially gain more bookings. If you're in the UK, consider signing up for the program to improve your property's appeal.

This article from Get Paid for Your Pad suggests that experienced hosts with funding should consider buying an existing Airbnb business rather than starting from scratch. It provides insights into finding and evaluating potential acquisitions, along with strategies to increase profitability. Hosts should consider evaluating the market and leveraging their network to find acquisition opportunities.

This article discusses policy experiments in Colorado regarding the regulation and limitation of short-term rentals. Hosts in Colorado should pay attention to these developments as they could impact their ability to operate and the regulations they must follow.

This article summarizes a podcast episode with experts on optimizing Airbnb listings, focusing on photography tips and choosing a compelling 'magnet photo.' It also touches on how to improve listings using guest reviews and creating experience shots. Hosts can improve their listings by following photography tips and analyzing guest reviews.

This article highlights 15 cute cottages in Florida, potentially offering inspiration for hosts looking to furnish and design their properties. Hosts can explore different styles and amenities to improve their guest experience. Consider how these cottage designs might appeal to guests and potentially influence your own listing's appeal.

This article announces a candidate running for the Carolina Beach Town Council in 2021. While not directly about STRs, local elections can influence regulations that affect hosts, such as permit requirements or restrictions on short-term rentals.

This article discusses the current state of short-term rental regulations in California, or the lack thereof, with a focus on platforms like Airbnb and VRBO. The article explains the current regulatory landscape, highlighting the need for hosts to stay informed due to the varying rules across different municipalities. Understanding the existing framework is crucial for hosts to maintain compliance.

This Get Paid For Your Pad episode discusses the potential for growth in the STR market, fueled by the shift towards remote work and travel. The hosts suggest focusing on older vacation homes in secondary markets and upgrading them to create unique experiences. Hosts should consider investing in real estate and understanding the needs of remote workers to capitalize on this trend.

This article discusses strategies to delight Airbnb guests and improve their experience. JT McKay shares tips on becoming a "story-seller" through your listing and house manual, automating messaging with personalization, and providing special touches during their stay. Hosts should consider incorporating these ideas to potentially improve reviews, encourage repeat bookings, and build a positive reputation.

This article summarizes key takeaways from Get Paid For Your Pad episodes on revenue management, STR CEO focus, and pricing strategies. Hosts can learn about the importance of scheduled revenue management, identifying business bottlenecks, and understanding the differences between hotel and STR pricing.

Washington County is implementing new rules to manage the growing popularity of vacation rentals. This signals a shift in local regulations affecting short-term rental operations. Hosts in the area should review the changes and adapt their practices to maintain compliance with the new guidelines.

This podcast episode discusses how to create a multilingual Airbnb to accommodate international guests. It emphasizes the importance of providing translated information and anticipating guests' needs rather than relying solely on tools like Google Translate. Action items include creating infographics and using human translators.