Articles
This article discusses how STR hosts can improve their brand by thinking like brand managers, focusing on a specific guest avatar and providing a stress-free experience. It also provides insights on revenue management, emphasizing the importance of scheduled routines and identifying revenue signals, as well as the strategic focus needed for CEOs as their business scales.
This article is a collection of podcast episode summaries from "Get Paid for Your Pad". The episodes discuss various aspects of STR management, including building a vision, optimizing revenue, and scaling operations. Hosts can find insights on building a brand, managing revenue, and avoiding overwhelm.
Voters in Colorado's high country are deciding on new taxes for short-term rentals and proposals for affordable housing. Hosts in these areas should be aware of potential tax increases that could impact their profitability.
A moratorium on short-term rentals has been extended in the Idyllwild area and Temecula Valley. Hosts in these areas need to be aware of the local regulations and potential impacts on their ability to operate their rentals.
This article discusses how Patrick scaled his STR business in Colombia to 40 units, focusing on automation and system development. It highlights strategies like focusing on a single marketing channel and building relationships with developers to achieve growth. Hosts can learn valuable tips for scaling their businesses and improving efficiency.
This article is a collection of insights extracted from episodes of the "Get Paid For Your Pad" podcast, focusing on scaling an STR business, revenue management, and overcoming the hectic host stage. Hosts can learn how to build a strong brand vision, implement consistent revenue management routines, and avoid common pitfalls associated with overwhelming operations.
This article is a report on the Short Term Rental Ordinance in Detroit. Hosts in Detroit should review the report to understand any potential regulatory changes that may affect their operations.
This article from VRM Intel announces that numerous vacation rental ballot measures will be voted on this November. Hosts should be aware of potential changes to local regulations that could impact their ability to operate their short-term rentals.
Riverside County finalized new short-term rental regulations. Hosts in Riverside County should familiarize themselves with these new regulations to ensure compliance.
This podcast episode discusses short-term rental investment opportunities in Cali, Colombia, highlighting its potential for digital nomads and foreign investors. It covers the pros and cons of investing in Colombia, including financial advantages like earning in dollars while spending in pesos, and emphasizes the importance of risk management, particularly by choosing a great manager.
This article discusses how short-term rental hosts can evolve into hospitality brands. It covers essential branding elements like visuals, language, and product, and the importance of a clear vision. Hosts should consider developing a brand identity to differentiate their business and improve guest experience.
Plano, Texas is considering new short-term rental regulations following a brothel bust. Hosts in Plano should stay informed about potential changes to local ordinances to ensure compliance and avoid penalties.
AirDNA, a popular short-term rental data and analytics company, has appointed a new CEO, Demi Horvat. This change may signal shifts in the company's focus and offerings, which could impact how hosts use AirDNA for market research and pricing strategies.
The city of Rock Hill has extended its moratorium on short-term rentals. This means new or existing STR operations may be impacted. Hosts in the area need to be aware of and comply with the ongoing regulations.
This article from Get Paid for Your Pad discusses how STR hosts can grow their portfolios through fundraising, specifically private equity. It provides advice on how to educate potential investors on the opportunities within the STR market and suggests best practices for scaling your business with external capital. Consider learning more about how private equity funds operate to potentially expand your STR portfolio.
This article from Get Paid For Your Pad discusses revenue management and CEO-level focus in the short-term rental business. It emphasizes the importance of consistent routines, daily pricing reviews, and strategic time allocation for CEOs to drive business growth.
The Richardson City Council has established an ordinance for short-term rentals. Hosts in Richardson, TX should review the new regulations to ensure compliance.
Homeowners in Milford are suing the city over its Airbnb restrictions. Hosts should stay informed about local regulations and be prepared to advocate for their rights if restrictions are imposed.
Buncombe County leaders are considering whether to classify short-term rentals as commercial properties. This could significantly impact hosts in the area. Hosts in Buncombe County should stay informed about potential zoning changes and regulations affecting their STR businesses.
Airbnb's newsroom announces its support for Virginia's new tax collection and remittance law. This indicates a shift towards enhanced tax compliance within the short-term rental market. Hosts in Virginia will likely need to adjust their operations to align with these new regulations and ensure correct tax reporting.
This article discusses how short-term rental hosts can leverage the film industry to fill their properties. It explores listing on local film commissions and setting rates for production crews, offering a potential revenue stream beyond standard Airbnb bookings. Hosts can attract film crews by designing their spaces to suit a production company's needs.
Inver Grove Heights, MN, has delayed a vote on restricting short-term rentals. This means potential regulations are still in flux. Hosts in the area should monitor developments and be prepared to adapt to any new rules.