Articles
This podcast episode discusses the new features and algorithm of PriceLabs, a dynamic pricing tool. Hosts can now access hyper-local pricing based on 350 similar listings, new dashboard metrics, and a desktop app, helping hosts better understand and manage their pricing strategies.
This article discusses dynamic pricing strategies using PriceLabs, emphasizing the importance of not over-customizing pricing and understanding local market conditions. It also highlights the significance of using comp sets and the new 'Hyperlocal Pulse' algorithm for more accurate pricing recommendations. Additionally, the article discusses the importance of having a revenue management routine for your STR.
This article discusses the low number of short-term rental owners in Clark County, Nevada, who have applied for licenses due to an ongoing legal battle. Hosts in the area should monitor the situation and stay informed on local regulations. It is essential to stay updated on license applications and local legal battles to ensure compliance.
This article discusses New York City's efforts to regulate Airbnb and other short-term rental platforms. It highlights the potential for other cities worldwide to implement similar measures to curb the negative impacts of short-term rentals on housing affordability and local communities. The article suggests strategies to follow NYC's lead, emphasizing the importance of balancing tourism with community needs.
This interview with a revenue management expert discusses strategies for optimizing revenue in short-term rentals, including the importance of competitive analysis and creating effective CompSets. Hosts should focus on understanding opportunity revenue and utilizing tools to track and compare their performance against competitors.
Telluride, Colorado is considering easing short-term rental restrictions. This news could indicate shifts in local regulations, potentially impacting your ability to operate or expand in the area. Stay informed about local ordinances in your market.
This article discusses revenue management strategies for short-term rentals, emphasizing the importance of understanding market trends, particularly during the holiday season. It highlights the value of length-of-stay pricing and the influence of property presentation on guest decisions. Hosts should consider adjusting their pricing strategies based on booking windows and seasonal trends.
This article discusses the legality of short-term rentals in Phoenix, Arizona. Hosts in the Phoenix area should review the local regulations to ensure compliance with current laws and avoid potential penalties.
New regulations have been implemented in Louisville, KY for short-term rentals. Hosts in Louisville need to stay informed and understand these changes to ensure compliance and avoid potential penalties.
Airbnb has announced a new system to verify listings. This means hosts should be aware of potential changes to the platform and how it may impact their listings.
This article discusses the effectiveness of the short-term rental ordinance in Crow Wing County. Hosts in the area should review the ordinance to ensure compliance and understand how it impacts their operations.
Block Island is considering limiting short-term rentals, which could impact hosts operating there. Hosts should monitor local regulations and stay informed about potential restrictions.
This article announces upcoming changes to short-term rental rules in Phoenix. Hosts in Phoenix should stay informed about these changes as they may impact their ability to operate or the requirements they need to meet. It's important to monitor local news for updates.
This article discusses San Juan County's efforts to regulate short-term rentals in Spanish Valley due to legal complexities. Hosts in this area should be aware of potential changes to local regulations and stay informed on how these may impact their operations.
This article introduces Host Share, a platform that allows short-term rental hosts to exchange last-minute unbooked nights for free travel. Hosts contribute nights based on their nightly rate, and in return, gain access to travel on the platform. The platform is launching soon, so consider joining to potentially reduce vacancy and gain travel benefits.
This article discusses weird things that are illegal in Minnesota. While not directly related to STR hosting, hosts should be aware of local laws and regulations, as violations can lead to fines or legal issues.
This article reports a Vietnamese restaurant in Kissimmee, FL, closed for a second time due to rat droppings. While not directly about STRs, it highlights the importance of maintaining a clean property, which is crucial for guest satisfaction and avoiding negative reviews or potential legal issues.
This article discusses Host Share, a new platform for hosts to exchange stays in their properties, potentially traveling for free. It also highlights an episode of 'Get Paid For Your Pad' on revenue management and CEO strategies. Hosts can learn about a new way to travel and improve their pricing strategies.
This article explores the fees that VRBO hosts are charged. It provides insight into the various fees, including service fees and processing fees, that can impact a host's profitability. Understanding these fees is crucial for hosts to effectively manage their finances and pricing strategies.
Vacation rental inspections have begun in Anna Maria, Florida. Hosts in Anna Maria should be aware of these inspections and ensure their properties comply with local regulations. Further details about the inspections would be beneficial.
This podcast episode with Rebecca Ballart, COO of a revenue management consulting group, covers revenue management strategies and how to apply them. It highlights the importance of market data and understanding different market types (urban vs. seasonal) when setting rates. Hosts should focus on utilizing market data and creating a comp set to inform their pricing strategies and understand the nuances of their specific market.
This "Get Paid For Your Pad" episode and its related content discuss revenue management strategies for short-term rentals, including the importance of foundational pricing, market monitoring, and rethinking far-out premiums. Hosts should focus on daily and weekly pricing routines, monitor booking behavior, and be aware of how operational constraints impact pricing.
The Louisville Metro Council has updated its regulations for short-term rentals, including those on Airbnb and VRBO. Hosts in Louisville should review the new rules to ensure compliance and avoid potential penalties.
Silverthorne, CO, is updating its short-term rental ordinance. This includes changes to transfers, renewals, revocations, and a potential future waitlist. Hosts in Silverthorne should familiarize themselves with these new regulations to ensure compliance.
Kansas City is taking action to remove hundreds of rentals from Airbnb and Vrbo this week. Hosts in Kansas City need to be aware of the new regulations and ensure their listings comply to avoid removal.
This Skift article highlights Vrbo's plans to penalize hosts who cancel confirmed bookings. This policy aims to improve guest experience and uphold booking commitments. Hosts should be aware of potential penalties for cancellations and prioritize minimizing them to maintain their listing's standing on the platform.
This article announces updates to VRBO's guest protection and host reputation systems. While details are scarce, the focus suggests improvements to the guest experience and potentially benefits for Premier Hosts. Further information would clarify how these changes improve trust and influence booking decisions.
This article highlights five charming cabin rentals in California, spanning from Big Sur to Lake Tahoe, offering inspiration for unique listing ideas. Hosts can gain ideas for amenities, photography, and listing descriptions to attract guests seeking memorable stays in beautiful locations.
This article discusses revenue management strategies for short-term rentals, focusing on the importance of flexible minimum stay restrictions, adapting to changing traveler behavior, and the impact of market supply. Hosts should regularly review their pricing tool's dashboard and consider engaging with potential guests to extend stays to maximize occupancy and revenue.
This podcast episode discusses how to set minimum night stay restrictions to maximize revenue. The speaker explains how factors such as seasonality, property size, and booking window affect minimum stay decisions, with specific considerations on when to apply and release restrictions.
This article discusses the impact of New York City's new short-term rental law on platforms like Airbnb and Vrbo. Hosts in NYC need to be aware of these new regulations and how they might affect their listings.
This article discusses the negative impacts of short-term rentals. Hosts should be aware of potential long-term issues arising from STRs.
This article discusses the early impacts of New York City's new regulations on short-term rentals, which are essentially a 'de facto ban'. Hosts in NYC need to understand these changes and their potential impact on their ability to operate.
This article highlights the ongoing trend of Airbnb and VRBO regulations across various cities, with NYC being the latest. Hosts should stay informed about local regulations to ensure compliance and avoid potential penalties.
This article discusses revenue management strategies for Airbnb hosts, emphasizing the importance of setting the right base price, monitoring booking patterns, and making incremental price adjustments. It also highlights the need to maintain a strong brand reputation and nurture guest relationships. Hosts should consider these strategies to optimize revenue and build a loyal customer base.
This podcast episode discusses revenue management strategies for short-term rentals, emphasizing the importance of a multi-faceted approach. It highlights that hosts should consider factors beyond just pricing, such as marketing, distribution channels, and the overall guest experience, to improve occupancy and profitability.
This article discusses a homeowner and housing group fighting against Summit County's short-term rental rules. Hosts in Summit County should monitor the situation, as regulatory changes could impact their ability to operate or require adjustments to their business.
This article discusses a homeowner and housing group fighting against new short-term rental rules in Summit County, CO. Hosts should pay attention to local regulatory changes as they can significantly impact their ability to operate and generate revenue. Check local ordinances for updates.
New York City's short-term rental regulations are now in effect, and Airbnb is limiting new reservations. Hosts in NYC must ensure they are compliant with the new rules to avoid issues.
This article discusses potential changes to short-term rental regulations nationwide, with a focus on potential impacts in Michigan. Hosts should stay informed about evolving regulations in their areas and anticipate potential changes to local STR laws.
New York City's crackdown on Airbnb and short-term rentals has gone into effect. This means new regulations are now in place. Hosts in NYC need to understand and comply with these new rules to avoid penalties.
This article discusses potential challenges for finding short-term rentals in New York City due to new regulations impacting platforms like VRBO and Airbnb. Hosts should stay informed about these evolving rules as they could impact their ability to list and generate bookings.
New York City has implemented new short-term rental regulations, impacting Airbnb and Vrbo hosts. Hosts need to be aware of these restrictions to ensure compliance and avoid potential penalties. Staying informed about local regulations is crucial for all STR hosts.
New York City is cracking down on Airbnb rentals, which will likely impact hosts operating in the city. Hosts need to understand the new regulations and prepare for potential compliance requirements to avoid penalties.
This article discusses the frustrations of homeowners in Colorado mountain towns regarding the perception of short-term rental hosts. Hosts should be aware of the ongoing public relations battles surrounding STRs in popular destinations, as this may impact local regulations and public perception of the industry.
This article discusses the end of Airbnb in New York City. Hosts in NYC need to understand the implications of potential regulatory changes and adapt their strategies to remain compliant.
This article discusses the importance of successful partnerships in the STR business, highlighting the benefits of complementary strengths and effective communication. Hosts can learn from the experiences shared by James Lucas and Ben Bledsoe who went from being busy hosts to hotelier-like efficiency by using Legends X program and other systems. Consider focusing on communication and evaluating the strengths and weaknesses of any potential partners.
This episode of "Get Paid For Your Pad" features an interview with the Head of Product at Hospitable, discussing the platform's AI-powered messaging and focus on smaller-scale hosts. Hospitable offers a user-friendly platform with an app store in development. Take advantage of their exclusive 25% discount for three months using code GPFYP.
This article from "Get Paid For Your Pad" highlights an interview with industry experts discussing successful partnerships in the short-term rental business. It mentions a Labor Day promotional offer for an overnightsuccess.io product.
The city of Woodfin, NC has begun enforcing its new ordinance regulating short-term rentals. Hosts in Woodfin must now comply with the new regulations. Stay updated on local regulations to ensure compliance and avoid penalties.
The Eastport Yacht Center is suing Annapolis over local laws related to housebarges. Hosts in Annapolis should monitor the legal proceedings, as any changes to regulations could impact their ability to operate housebarges as short-term rentals.
Arizona cities are seeking more power to regulate short-term rentals like Airbnb and VRBO. This means potential new restrictions could impact your ability to operate your STR. Hosts should stay informed about local regulations in Arizona.