News
Stay updated with the latest STR industry news and regulations
Frontdesk is acquiring short-term rental units previously managed by WanderJaunt, which has ceased operations. This news indicates potential opportunities and shifts in the STR market, possibly affecting property availability and management strategies.
Guesty secured $170 million in funding to expand its property management tools for Airbnb and other platforms. This investment signals the continued growth and importance of property management software in the STR industry. Guesty's focus will likely streamline operations, offering enhanced features and integrations for hosts.
This article discusses the importance of accountability in achieving STR business goals. It emphasizes how layering accountability within your team and business, and using project management tools, can lead to better results. Consider implementing daily check-ins and focusing on pain points to drive progress.
This episode of Get Paid for Your Pad features a host who transitioned from a W-2 employee to a full-time STR entrepreneur. The discussion covers how the host grew their business, highlighting strategies such as master leasing and dynamic pricing. Hosts can learn from the strategies implemented by the featured guest and consider incorporating them into their own businesses.
This article discusses the challenges and strategies for scaling an STR business, particularly within the ownership model, focusing on practical advice, revenue management techniques, and CEO-level focus. Hosts can learn how to approach challenges related to scaling an STR business, optimize pricing strategies, and identify their business bottlenecks for efficient growth.
Airbnb's Co-Hosting platform is expanding, now welcoming professional property managers. This allows them to connect with individual hosts, potentially streamlining operations and improving guest experiences. PriceLabs is mentioned in the context of this platform, suggesting integration or partnership.
This article from Properly highlights common cleaning mistakes hosts make, such as last-minute scheduling, lack of clear instructions, and skipping inspections. Hosts should prioritize a cleaning checklist and inspections to ensure guest satisfaction and avoid negative reviews and refund claims.
This article is an ultimate guide to Hosty, an Airbnb management tool by PriceLabs. While the provided text doesn't offer specific insights or data points on STR trends or actionable advice for hosts, it introduces a software solution for managing Airbnb listings and potentially improving pricing strategies and operational efficiency.
This Elliott Report article focuses on what a Vrbo guest is owed when a host cancels within 24 hours of arrival. It highlights the importance of understanding Vrbo's cancellation policies and potential compensation. Guests should familiarize themselves with the platform's policies to protect themselves from last-minute cancellations.
This Get Paid for Your Pad episode discusses the role of an operations manager in an Airbnb business and how to operate your business like a machine. It covers topics like delegation, building systems, and finding the right qualities in an operations manager. Hosts should consider the benefits of an operations manager, especially if they are looking to scale their business.
This article discusses how short-term rental management can be done remotely to save money and time. It highlights the increasing demand for private accommodations and suggests leveraging remote management services, such as inspection software and property marketplaces, to streamline operations and increase profits.
This article from Get Paid for Your Pad discusses the evolution of hiring practices for STR businesses and emphasizes the importance of strategic focus for CEOs. It provides insights into revenue management routines and the differences between hotel and STR revenue management. Hosts should focus on building efficient teams, optimizing pricing routines, and understanding the differences between hotel and STR revenue management.
The short-term rental SaaS startup Hostfully has raised $4 million in seed funding. This indicates continued investment in the STR technology space, potentially signaling growth and new features for hosts using such platforms. While the article doesn't give specific actions, it shows a growing market for STR software.
This article discusses the challenges of managing a short-term rental cleaning team and the benefits of partnering with a management company. Hosts should evaluate their current teams and consider outsourcing management if they're experiencing issues with bookings, reviews, or team culture.
This article discusses the importance of COVID-19 cleaning protocols for vacation rentals to meet guest expectations and ensure safety. It emphasizes the need to stay updated on health and safety guidelines and suggests using tools like the Properly app to manage cleaning and training for service providers.
This podcast episode from Get Paid For Your Pad discusses the potential of tiny homes as STRs, exploring zoning challenges, rising construction costs, and the impact on the customer experience. It also covers revenue management routines and the CEO's role in STR businesses. Hosts should consider the unique challenges tiny homes present and analyze their revenue management strategies to maximize profitability.
This article is a podcast episode from Get Paid for Your Pad featuring Francisco Arango, an experienced Airbnb host who buys and renovates motels. The episode provides insights into his business model, including financing, team building, and strategies for making listings stand out. Hosts can learn from Arango's experience and adapt his strategies for their own STR businesses.
This article discusses the challenges faced by the Freewyld brand in building a cabin community, including construction delays and potential solutions using tiny homes. It also delves into revenue management and strategic focus for STR CEOs. Hosts should consider the insights on revenue management routines and CEO responsibilities to improve their business operations.
This article is a transcript from a podcast episode on Get Paid for Your Pad and discusses interior design resources for Airbnbs, revenue management routines, and CEO focus for STR businesses. Hosts should consider the suggested resources to improve their STR's design and revenue management.
This article is a podcast episode discussing the rapid growth of an STR business in Aruba. It highlights the importance of dynamic pricing and building effective teams. Hosts can learn from the experiences shared about team structures and revenue management.