News
Stay updated with the latest STR industry news and regulations
This article discusses the most used booking platforms for short-term rentals, providing insights into their attractiveness. Hosts should pay attention to these platforms as they are essential for reaching potential guests and maximizing bookings.
This article is an episode of the "Get Paid For Your Pad" podcast. It discusses how hosts can become experts in their local markets by building relationships with realtors and other stakeholders. By offering value and showcasing their expertise, hosts can grow their networks and potentially attract more business.
Lavanda, a flexible rental platform, has secured $7.25M in funding. While not directly about STR operations, this highlights ongoing investment in the short-term rental market and potential growth in the flexible rental space, which could influence pricing and availability.
This article discusses B2B marketing strategies for short-term rental businesses, focusing on using personal networks, cold outreach, and SEO to gain referrals. Hosts should consider implementing SEO strategies and networking to grow their business and maximize ROI.
This article promotes the Legends X Short-Term Rental Accelerator course, claiming a high completion and success rate for helping hosts build and scale their Airbnb businesses. The article highlights key topics covered in the course, and also offers information on revenue management and CEO focus.
This article discusses Nectar, a marketplace that allows experienced STR operators to sell a portion of their future income to gain capital. This capital can be used to build a team, buy property, or improve existing units. Consider exploring Nectar if you need funding to expand your STR portfolio.
This Get Paid for Your Pad episode discusses how Patriot Family Homes built a successful STR business catering to military families, emphasizing the lack of inventory near military bases. The episode provides insights on business development, property selection, and building a reliable local team. Hosts can learn how to identify niche markets and build their STR business.
This Get Paid For Your Pad episode discusses strategies for setting up an Airbnb listing for faster profits. It covers a 5-step framework including how to decide where to invest, when to launch, optimize titles, and price your property. Implement these strategies to get more bookings.
This article discusses how to build long-term wealth by acquiring Airbnb properties, focusing on the hybrid business model of rental arbitrage, management, and ownership. Hosts can learn from the experience of an Airbnb investor on how to buy their first property and finance it. The article also touches upon revenue management strategies and CEO-level focus for STR businesses, offering practical frameworks and insights for hosts to improve their operations.
This article discusses Nestpick and Sublet.com, platforms specializing in mid-term rentals (30 days to a year) that can be more profitable than long-term unfurnished leases and have lower operating costs than daily stays. Hosts can leverage these platforms to cater to remote workers and digital nomads and potentially benefit from lower service fees.
This article discusses strategies for finding and securing new Airbnb properties, emphasizing the need to build influence and stay top-of-mind within your network to attract opportunities. It highlights the importance of consistent marketing efforts and taking daily actions to grow your short-term rental business. Hosts should focus on dominating one marketing channel and communicating authentically with their target audience.
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 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.
The US is lifting its international travel ban in November, which could lead to a spike in demand for US-based short-term rentals, especially in urban areas. This could mean increased occupancy and potentially a shift in pricing strategies for hosts. Hosts should monitor demand and adjust pricing accordingly.
Real estate firm JLL has launched a short-term rental platform. Hosts might find this interesting as a potential indicator of increased institutional investment in the STR market, possibly leading to more competition.
This article from Get Paid For Your Pad discusses the importance of having a clear vision for your Airbnb business to help guide your systems, attract the right team, and stand out. It encourages hosts to define their core values, target guest, and long-term goals. Consider building a vision for your STR business to better understand your goals.
This article discusses how Airbnb property management companies are exploring opportunities within the multi-family housing market. The focus is on strategies and tools, such as the RSU by PriceLabs, employed by these companies. The significance lies in understanding how property management is adapting to new market trends.
This article discusses transitioning from master leasing to property management in the short-term rental business, using the example of Goat Hote. Hosts can learn from the successes and pitfalls of others, understanding how to manage multiple units, find reliable teams, and grow their businesses even during challenging times. Hosts can gain valuable advice on client acquisition.
This article highlights seven new developments on VRBO that property managers and hosts should be aware of. These updates, presented by PriceLabs, likely cover changes in platform features, policies, or tools that can impact how hosts manage their listings, pricing, and overall business operations. Staying informed ensures hosts can optimize their VRBO presence and remain competitive.
This article features an interview with an Airbnb host who quit their job to focus on their STR business. It provides insights into attracting bookings, increasing revenue through dynamic pricing, and planning for future growth. Hosts can learn from the host's experience and strategies to improve their own operations.