News
Stay updated with the latest STR industry news and regulations
Vacation rental professionals are increasingly relying less on Airbnb as their businesses grow. This shift is driven by a greater emphasis on property management systems (PMS) and dynamic pricing strategies to maximize revenue. The use of technology is becoming key for successful short-term rental management.
This article discusses a 6-step process for hosts to address guest challenges and provide excellent hospitality. It also delves into revenue management routines, including daily and weekly pricing, and contrasts hotel revenue management with STR revenue management. Hosts should focus on providing exceptional guest experiences and implementing structured revenue management practices.
This article discusses risk management for STR hosts, focusing on guest screening and protection against fraud and damage. It highlights Superhog, a tool that helps hosts confirm guest identities and improve the booking experience, and includes insights on revenue management routines and CEO focus. Hosts should consider implementing risk management strategies and explore tools like Superhog to protect their investments and optimize their operations.
This article discusses how AvantStay scaled their STR business to over 1,500 units by leveraging technology, high-end amenities, and building a trusted brand. It highlights key elements needed to gain guest trust and scale a short-term rental business, along with revenue management and CEO time management. Consider implementing daily and weekly pricing routines and prioritizing tasks as a CEO.
This article is a compilation of episodes from the "Get Paid For Your Pad" podcast. It covers topics like scaling an STR business, revenue management strategies, the role of a CEO in an STR business, and comparing hotel versus STR revenue management. Hosts can gain insights into different aspects of the business and improve their operations.
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.
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, from the "Get Paid For Your Pad" podcast, discusses the importance of quarterly off-sites for STR business owners and their teams to solve challenges and improve focus. The podcast offers insights on how to structure these off-sites and improve your operational strategy. Consider implementing a structured format for your team to boost collaboration and problem-solving.
This article discusses medium-term rental (MTR) strategies for Airbnb hosts, highlighting the growing demand for stays longer than short-term rentals. It provides insights into calendar management, finding customers, and adding special touches to appeal to MTR guests, along with resources from related podcasts.
This article discusses the benefits of hiring virtual assistants (VAs) for short-term rental (STR) hosts to streamline operations and grow their business. The article announces a free training program that will help hosts identify tasks suitable for VAs, find qualified candidates, and establish successful partnerships. Hosts should consider attending the free training to learn how to effectively integrate VAs into their businesses.
This Business Insider article reveals the automated software used by an Airbnb millionaire to run their STR business. The article highlights the key automation tools used, offering insights into operational efficiency and potentially higher profitability. It provides actionable advice for hosts looking to streamline their operations.
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.