News
Stay updated with the latest STR industry news and regulations
Airbnb, Vrbo rental laws remain a puzzle in South Dakota - South Dakota News Watch
This article discusses the unclear state of short-term rental (STR) laws in South Dakota. Hosts in South Dakota should stay informed about potential regulatory changes that could impact their ability to operate.
Revenue Management Strategies with Jordan Locke (Ep 612)
This podcast episode discusses revenue management strategies for short-term rentals, including insights on 2024 trends, pricing for special events like the solar eclipse, and optimizing minimum night stays. Hosts should analyze their market's demand and booking pace, adjusting pricing and restrictions to maximize revenue, especially during peak seasons.
Revenue Management Strategies
This article discusses various revenue management strategies for short-term rentals, including pricing for special events, adjusting for high-demand dates, and utilizing OTA promotions. Hosts should prioritize scheduling time for revenue management to monitor pricing and stay ahead of market trends and consider the insights given for pricing and CEO actions.
Sailing around the world funded by property investing (Ep 611)
This podcast episode discusses the pros and cons of short-term rentals (STRs) versus long-term rentals, with a focus on the increased work involved in STRs, including seasonality concerns and the need for more active management. The guest host, who owns STRs, shares insights on the income potential of STRs but also the significant time commitment and operational challenges, especially during slow months, urging hosts to consider scaling or improving their internal systems if managing STRs.
Sailing around the world funded by property investing
This article is a transcript from a podcast episode on Get Paid For Your Pad, focusing on revenue management strategies. It covers topics like understanding guest preferences, pricing for special events, and the importance of consistent revenue management routines. Hosts should focus on scheduling time for revenue management and understanding their guest avatars to optimize pricing.
Port Sheldon Township board passes Airbnb, VRBO regulations - FOX 17 West Michigan News
Port Sheldon Township in West Michigan has passed new regulations for Airbnb and VRBO properties. Hosts in this area should familiarize themselves with these local rules to ensure compliance and avoid potential issues.
Airbnb, Vrbo laws could bring legal battle, county attorney and rental advocates say - The Asheville Citizen Times
This article discusses potential legal challenges arising from new short-term rental laws. Hosts in areas affected by these laws should be aware of possible lawsuits and the impact on their ability to operate.
Crazy: Man Claims Airbnb Host Sent Video Of Him With Another Woman To His Wife After He Complained About Stay - Live and Let's Fly
An Airbnb host is alleged to have sent a video of a guest with another woman to the guest's wife after a complaint. Hosts should be aware of the potential legal and reputational risks associated with privacy violations and retaliatory actions. Review your security practices to ensure guest privacy.
How Steven went from near bankruptcy to building a thriving STR business (Ep 610)
This podcast episode details how an STR host rebuilt his business after a difficult partnership breakup and financial struggles. The host focused on streamlining operations, cutting unnecessary expenses, and restructuring his team, including renegotiating salaries and implementing a bonus structure. Hosts can learn from these experiences to evaluate their own business operations and team management.
How Steven went from near bankruptcy to building a thriving STR business
This article discusses insights from the Get Paid For Your Pad podcast episodes, focusing on revenue management, CEO focus, and the differences between hotel and Airbnb revenue management. Hosts should consider implementing daily and weekly pricing routines and assessing their strategic focus to optimize their STR businesses.
Angry Airbnb host sent guest’s wife security photo of him with another woman, lawsuit claims - New York Post
An Airbnb host is facing a lawsuit after allegedly sending a guest's wife a security photo of him with another woman. This highlights the importance of respecting guest privacy and the potential legal consequences of inappropriate behavior as a host. Review your security camera placement and policies to ensure they comply with privacy regulations and platform guidelines.
Experiential design is where the money is at on Airbnb (Ep 609)
This podcast episode emphasizes the importance of experiential design and marketing for short-term rentals to stay competitive. Hosts are encouraged to create Instagrammable spaces and leverage platforms like TikTok for marketing to attract guests and drive direct bookings. It also highlights the significance of market research to target the right guest avatar.
Experiential design is where the money is at on Airbnb
This article discusses the importance of experiential design in short-term rentals to attract guests and stand out in a competitive market. It emphasizes making properties Instagrammable, using social media for direct bookings, and targeting design to ideal guest avatars. Hosts should consider incorporating thematic decor and collaborating with local businesses to enhance guest experiences.
Florida Senate approves vacation rental regulations - WCTV
The Florida Senate has approved new regulations for vacation rentals. Hosts in Florida should stay informed about these changes as they may impact their operations and require adjustments to stay compliant.
How a near death experience inspired two brothers to go all-in on STRs (Ep 608)
This podcast episode features two brothers who pivoted from retail to short-term rentals and launched a property management company, Five Star STR. The discussion covers the challenges of regulations in Las Vegas, the importance of focusing on guest experience, and utilizing tools like virtual assistants and revenue management strategies to stay competitive.
How a near death experience inspired two brothers to go all-in on STRs
This article from "Get Paid for Your Pad" discusses how the Lotem brothers built a successful STR business with a focus on guest experience and operational excellence. They prioritize safety, unique amenities, and collaboration. Hosts can learn from their focus on detail and innovation.
Curate local experiences for your guests with Mount (Ep 607)
This podcast episode introduces Mount, a platform that helps hosts curate and offer local experiences to their guests, similar to a personalized Amazon shop. Hosts can create a mini-marketplace with curated recommendations, earning 10% commission on bookings, which can help differentiate their listings in a competitive market.
Curate local experiences for your guests with Mount
This article discusses Mount, a platform that helps hosts curate and offer local experiences to their guests, similar to Airbnb Experiences but with a personalized touch. Hosts can create their own mini-marketplaces with unique URLs, enhancing the guest experience while potentially earning commissions. This is a great way to differentiate your listing.
Offer grocery stocking services to your guests with Noshable (Ep 606)
Noshable is a service that allows hosts to offer grocery stocking services to guests before their arrival, potentially enhancing the guest experience by providing food and drinks upon check-in. Hosts can leverage the platform for their properties or become partners to fulfill orders and earn extra income.
Offer grocery stocking services to your guests with Noshable
This episode of "Get Paid for Your Pad" discusses Noshable, a service that allows guests to pre-order groceries for their Airbnb. Hosts can benefit from this service by offering it as an additional revenue stream and enhancing the guest experience. Consider exploring Noshable to streamline your guests' arrival process.