Articles
This article discusses the challenges and opportunities of taking over an old-school vacation rental business in rural Germany, emphasizing the need for modern marketing, year-round operation, and leveraging the popularity of secondary markets. Hosts can learn from the experience of adapting to changing guest preferences and the importance of personal touch, while recognizing the value of revenue management tools.
This article discusses updates from a short-term rental business, Freewyld, focusing on marketing, development challenges, and revenue management. Hosts can learn about booking strategies, dealing with permitting delays, and the importance of scenario analysis before acquiring a property. The article also touches on revenue management best practices and how to avoid CEO overwhelm.
This article from Get Paid For Your Pad discusses key considerations for hosts looking to transition to full-time Airbnb management. It covers mindset shifts, strategic focus, and the importance of systematization. Hosts should reflect on their goals, build a strong business foundation, and prioritize strategic activities to avoid overwhelm and maximize profitability.
This article discusses building a team to scale your Airbnb business, emphasizing the importance of clear expectations, key performance indicators (KPIs), and a 'hire slow, fire fast' approach. It also touches on revenue management strategies, including daily and weekly pricing routines, and highlights the shift in CEO focus from being busy to being strategic. This is crucial for hosts managing multiple properties to understand team dynamics, optimize revenue, and effectively manage their time.
The Parma council is considering regulations on front yard porta-potties and residents renting out their pools. This could impact hosts in Parma if they rent out spaces with these amenities. Hosts should stay informed about local ordinances.
Airbnb reported delivering €315 million in tourist taxes within the EU. This significant tax contribution highlights the platform's role in local economies. It underscores the ongoing debate surrounding STR regulations and their financial impact on regions. This news likely impacts how hosts navigate compliance and contribute to local tax revenue.
This article discusses what potential investors need to know before purchasing a short-term rental property in Nashville. It likely covers local regulations, market trends, and other considerations specific to the Nashville STR market. Hosts interested in expanding to Nashville or those already operating there should research local requirements.
Airbnb launched an automated tax collection tool in Italy, streamlining compliance for hosts. This update simplifies the process of collecting and remitting taxes on rental income. Hosts in Italy can benefit from the tool, ensuring adherence to local regulations.
This article discusses The Host Co., a startup that is integrating hotel-style amenities into short-term rentals. Hosts should consider how they can enhance their guest experience by offering similar amenities to attract more guests.
This episode of Get Paid for Your Pad features Craig Westaway, a high-end STR manager who tripled revenue by focusing on guest experience. He shares strategies for attracting high-end guests, creating a personalized experience, and adapting to challenges like the pandemic. Jasper Ribbers, from another episode, details how professional STR operators follow a daily and weekly pricing routine, emphasizing the importance of staying ahead of your market.
This article discusses the Get Paid For Your Pad podcast episode which covers Airbnb's Winter Release of 2021. It highlights new features like the accessibility review, pet fee option, Wi-Fi speed test, and short-stay cleaning fees, as well as the improved AirCover program. Hosts should review these updates and consider how they can benefit from Airbnb's ongoing platform improvements.
Collier County in Florida has approved a registration process for short-term rentals. Hosts in Collier County will need to register to ensure compliance with local regulations. This is important to ensure you are operating legally.
This Get Paid for Your Pad episode discusses scaling an Airbnb business, focusing on hiring and training a virtual operations manager, and highlights the importance of creating a personal connection with guests. The article also provides insights into revenue management strategies, and how a CEO should allocate their time as the business scales. Hosts should consider the benefits of a well-defined operational structure and strategic time management to optimize their STR business.
This article discusses potential changes in Michigan that could impact local government's ability to regulate short-term rentals. Hosts in Michigan should be aware of this potential shift in regulations, as it could affect their ability to operate.
Colorado mountain communities approved new short-term rental fees. However, they rejected stricter regulations. Hosts in these areas should be aware of potential fee changes and the current regulatory landscape.
This article discusses tools and systems for streamlining Airbnb hosting, including home automation (digital locks, thermostats, and noise monitoring), and revenue management routines. Hosts can learn how to automate guest code processes and implement a consistent revenue management approach to improve profitability.
Bar Harbor, Maine, has implemented new restrictions on vacation rentals due to rising housing costs. Hosts in Bar Harbor need to be aware of these local regulatory changes and ensure their rentals comply.
This article discusses the increasing prevalence of short-term rentals (STRs) even in small towns. Hosts should be aware of the potential for local regulations and market changes as STRs become more widespread. It's important to monitor local news for any relevant updates.
This article is an interview with David Golshan about the operations of his Airbnb business. It covers topics like finding reliable contractors, creating key performance indicators (KPIs) for your team, and the importance of having systems in place to prevent operational issues. Hosts should focus on developing KPIs for their contractors and team members, aligning incentives and creating systems to prevent issues.