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Every regulation change, market signal, and platform shift that touches short-term rentals — read, scored, and summarized so you can stop scrolling Twitter and start running your business.
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Rents are higher and rising faster on Hilton Head than in other coastal cities. Here’s why - islandpacket.com
This article discusses rising rental costs on Hilton Head Island compared to other coastal cities. Hosts should pay attention to local market trends to understand pricing dynamics and adjust their strategies accordingly.
Don’t Forget to Celebrate!
This article is an episode of a podcast discussing how to achieve better results in your business and life. It also touches on revenue management routines and the importance of focusing on CEO-level tasks instead of getting bogged down in busy work. Hosts should take note of their pricing routine and prioritize strategic focus to improve their business.
PriceLabs acquires Rental Scale-Up in push to deliver vacation rental insights - PhocusWire
PriceLabs, a dynamic pricing tool, has acquired Rental Scale-Up to enhance its vacation rental insights. This acquisition aims to improve the data and analytics available to hosts for informed pricing and revenue management decisions.
The Story Behind 500 Episodes of Get Paid For Your Pad
This article is a collection of insights from the "Get Paid For Your Pad" podcast. It includes advice on revenue management, leadership for STR CEOs, and comparisons between hotel and Airbnb revenue management. Hosts can benefit from the advice shared in these episodes to optimize their business.
Ep498 How to start your own cleaning franchise business
This article from Get Paid For Your Pad discusses various aspects of STR revenue management and CEO focus, emphasizing the importance of scheduled routines, data-driven decisions, and strategic prioritization for growth. Hosts should focus on daily and weekly pricing routines, understand market signals, and prioritize tasks to avoid overwhelm.
How to Create a Budget to Renovate Your Airbnb
This article discusses creating a renovation budget for your Airbnb to maximize revenue. The article offers insights on determining ROI, creating a guest experience aligned with your brand, and utilizing tools like AirDNA for market comparisons, focusing on how you can justify higher prices based on the guest experience.
How to Build a Lifestyle Business Hosting Remotely
This Get Paid For Your Pad episode discusses revenue management, CEO focus, and the differences between hotel and STR revenue models. Hosts can learn daily and weekly pricing strategies, how to avoid common CEO pitfalls, and why STR pricing is more complex than hotel pricing.
2022 will be a Record Year for US Short-Term Rentals
This article discusses the current state of the US short-term rental market in 2022, presenting mixed signals of growth and challenges, including economic uncertainty and increasing supply. Hosts should pay attention to these trends to better plan their business strategies. Additionally, the article dives into revenue management routines and CEO responsibilities in scaling a STR business.
PriceLabs gets $30M investment for short-term rental pricing solution - PhocusWire
PriceLabs, a short-term rental pricing solution, received a $30M investment. This investment highlights the continued growth and importance of dynamic pricing tools in the STR market. Hosts can consider using dynamic pricing tools to optimize their revenue.
How to Maximize ROI for Property Owners
This article is an episode of the "Get Paid For Your Pad" podcast discussing strategies for maximizing ROI in STRs. It features insights from a property management company owner, covering topics like transitioning from owning to managing, and revenue management routines. Hosts should consider the suggested routines for revenue management and review their booking data to increase their profitability.
Define your guest avatar to attract more bookings
This article discusses revenue management strategies for short-term rentals, including daily and weekly pricing routines, booking review analysis, and the importance of adapting to market conditions. Hosts should focus on scheduled revenue management, analyzing booking behavior, and making small, consistent price adjustments. Learn how to review pacing and adapt to last-minute bookings.
How to Grow Your Airbnb Business Using Multiple Airbnb Accounts
This article discusses revenue management strategies for short-term rentals, contrasting them with hotel revenue management. It highlights the importance of consistent pricing routines, analyzing booking data, and understanding the unique challenges of STR pricing, such as operational constraints and the need for deeper rate drops near arrival.
Why a recession would be a boom for vacation rental supply - PhocusWire
This article from PhocusWire suggests that a recession could lead to a surge in vacation rental supply. Hosts should be aware of this potential market shift and consider adjusting their pricing strategies accordingly.
Optimize Your Airbnb Prices with Beyond
This article discusses revenue management strategies for short-term rentals, including the use of dynamic pricing algorithms and the importance of a daily pricing routine. Hosts can use these tips to maximize their revenue and improve booking rates. The article highlights the use of pricing tools like Beyond and emphasizes the significance of analyzing booking data and staying connected to operational factors.
What we learned at the STR Legends Mastermind
This episode of Get Paid For Your Pad discusses revenue management routines and CEO strategies for STR businesses. Hosts can learn how to create daily and weekly pricing workflows, identify bottlenecks, and make strategic decisions for growth. Also discussed is how revenue management is far more complex than in the hotel industry.
Short-term Rental Startup Sonder Cuts Staff 20%
This article discusses the challenges faced by Sonder, a large STR company, including staff cuts and financial losses due to economic changes. Hosts should pay attention to these market trends and consider diversifying their income streams to navigate potential downturns in the STR market.
How to Accomplish More Through Effective Goal Setting
This article discusses revenue management and goal setting in the STR business. It provides a framework for structuring your revenue management time, including daily and weekly pricing routines. The article also touches on CEO-level strategic focus and how to manage overwhelm.
How We Hired Our First Virtual Assistant for Freewyld
This episode of Get Paid For Your Pad discusses key aspects of revenue management, including the importance of a structured pricing routine, reviewing booking data, and understanding booking windows. Hosts should focus on developing a consistent revenue management cadence to maximize earnings and understand booking behavior.
The biggest Airbnb update in a decade
This article discusses the latest updates from Airbnb in the summer of 2022 and how hosts can optimize revenue management. It covers topics like daily and weekly pricing workflows, booking reviews, and market analysis, helping hosts improve their pricing strategies and overall profitability. Hosts should review the provided information on revenue management strategies to stay ahead of market trends and maximize earnings.
STR Legends Mastermind Last Call for Applications
This article promotes the STR Legends Mastermind, highlighting the evolution of the STR space and the benefits of networking with experienced operators. It also provides insights into revenue management strategies and CEO-level focus for scaling STR businesses, including tips on pricing routines and overcoming operational challenges. Actionable takeaways include using a revenue management routine and understanding the role of a CEO in a growing STR business.
Leverage Airbnb’s to Create Positive Change in Our Communities
This article discusses revenue management strategies for short-term rentals, including daily and weekly pricing routines, booking analysis, and the importance of adapting strategies based on market dynamics. Hosts should focus on scheduled revenue management, understanding booking behaviors, and making small, consistent price adjustments. The article also touches on the difference between hotel and Airbnb revenue management.
Do Rising Gas Prices Affect Airbnb Demand?
This article discusses the impact of rising gas prices on Airbnb demand and the broader travel industry. It advises hosts to focus on factors within their control and provides insights from AirDNA and other sources. Additionally, it references several episodes of "Get Paid For Your Pad" that discuss revenue management and scaling an STR business.
Evolve Vacation Rental Network raises $100 million, on the heels of Vacasa - RSU by PriceLabs
Evolve Vacation Rental Network secured $100 million in funding, following a similar move by Vacasa. The news highlights continued investment in the STR market. This signifies growth and potential opportunities for hosts, especially with the use of tools like PriceLabs for revenue management.
Top Locations to Invest in Short-Term Rentals in the US
This article discusses top locations for short-term rental (STR) investments, based on insights from various sources like AirDNA, Realtor.com, Mashvisor, and Lodgify. It highlights the growing demand in unique outdoor markets and emphasizes the importance of 'instagrammable' aspects and cash-on-cash returns. Hosts should research these markets and consider adding value to their properties to increase profitability.
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