News
Stay updated with the latest STR industry news and regulations
Hire Slow, Fire Fast With Steve Trover
This article discusses the importance of careful hiring and strategic team building in the STR industry. It advises hosts to hire slowly, fire quickly, and consider outsourcing certain roles. It also highlights the significance of revenue management and when to bring it in-house.
Takeaways and learning lessons from VRMA Orlando (Ep 597)
This podcast episode recaps the VRMA (Vacation Rental Managers Association) conference in Orlando, highlighting the large attendance growth and positive outlook for the industry. Hosts can learn from the experiences of other managers and the value of networking and staying updated on industry tech.
Takeaways and learning lessons from VRMA Orlando
This article discusses key takeaways from the VRMA Orlando conference, including guest experience, AI tools, and hotel lobbyist challenges. It also promotes several episodes of the "Get Paid For Your Pad" podcast discussing revenue management, CEO strategies, and comparing hotel versus short-term rental revenue management. Hosts should consider the insights shared about revenue management routines and CEO focus.
Airbnb Ranking Insights From Studying 29,000 Properties (Ep 596)
This podcast episode discusses findings from an analysis of 1.49 million Airbnb searches across 29,000 properties, revealing insights into ranking factors. Key takeaways include the importance of Instant Book and Superhost status for visibility on the platform.
Airbnb Ranking Insights From Studying 29,000 Properties
This article discusses insights into Airbnb listing strategies based on a study of 29,000 properties. It highlights the importance of high-quality photos, suggests that strict cancellation policies don't necessarily hurt ranking, and reveals that later check-in times (4 pm) and earlier check-out times (10 am) are common among top-ranking properties. It also challenges the assumption that allowing pets boosts ranking. Hosts should consider these findings to optimize their listings and improve their Airbnb ranking.
NYC landlords file suits claiming Airbnb and tenants ‘thumbing their noses’ at new home-sharing restrictions - New York Post
Landlords in New York City are suing Airbnb and tenants, claiming they are violating new home-sharing restrictions. Hosts in NYC should familiarize themselves with local regulations to avoid legal action and potential fines.
El Paso Airbnb rental operators dodge regulation bullet for now - El Paso Times
This article discusses the current state of short-term rental regulations in El Paso, Texas. It indicates that rental operators have avoided new regulations for the time being. Hosts in El Paso should stay informed about potential regulatory changes.
Revenue Management Questions Answered Part II (Ep 595)
This podcast episode discusses revenue management, highlighting the importance of a strategic approach and the potential of a new course on the topic. It also promotes the host's new short-term rental properties, FreeWild, and the VRMA conference.
Revenue Management Questions Answered Part II
This article discusses the importance of daily revenue management in short-term rentals, highlighting the need to analyze pricing, market trends, and occupancy levels. Hosts should dedicate time daily to revenue management and consider outsourcing to virtual assistants for efficiency.
Airbnb hosts in Turkey deem upcoming regulation 'prohibition' - Duvar English
This article discusses upcoming regulations in Turkey that Airbnb hosts are concerned could amount to a prohibition of short-term rentals. Hosts should stay informed about the developing regulations to understand their impact and ensure compliance.
Airbnb and VRBO customers have fewer options in Philly as new laws take hold - Inquirer.com
This article discusses the impact of new laws in Philadelphia on Airbnb and VRBO listings, potentially reducing the number of available options for customers. Hosts in Philadelphia should be aware of these regulatory changes and their potential impact on their businesses.
There are 2,600 illegal Airbnbs in Oakland. The city could rein them in - The Oaklandside
Oakland, California, is facing a challenge with a significant number of illegal Airbnbs. Hosts in Oakland should be aware of potential regulatory actions the city might take that could impact their ability to operate.
Your Revenue Management Questions Answered
This article discusses revenue management strategies for short-term rentals, focusing on the importance of a daily and weekly pricing routine. It emphasizes analyzing booking behavior, understanding market dynamics, and making data-driven pricing adjustments to optimize revenue. Hosts can benefit by reviewing their current pricing strategies and implementing a consistent pricing cadence.
Revenue Management Questions Answered (Ep 594)
This article is an episode of the Get Paid For Your Pad podcast discussing revenue management. Hosts can listen to the episode to learn about this important aspect of their business. Consider leaving a review on Apple Podcasts to help the podcast reach more listeners.
New regulations for Airbnb, VRBO, short-term rentals in Louisville, KY - LOUtoday
This article announces new regulations for short-term rentals in Louisville, Kentucky. Hosts in Louisville need to be aware of these changes to remain compliant with local laws. Further information is needed to understand the specific regulations and any required actions.
Take your revenue management to the next level with PriceLabs (Ep593)
This podcast episode discusses the new features and algorithm of PriceLabs, a dynamic pricing tool. Hosts can now access hyper-local pricing based on 350 similar listings, new dashboard metrics, and a desktop app, helping hosts better understand and manage their pricing strategies.
Take your revenue management to the next level with PriceLabs
This article discusses dynamic pricing strategies using PriceLabs, emphasizing the importance of not over-customizing pricing and understanding local market conditions. It also highlights the significance of using comp sets and the new 'Hyperlocal Pulse' algorithm for more accurate pricing recommendations. Additionally, the article discusses the importance of having a revenue management routine for your STR.
Revenue Management Strategies (Ep592)
This interview with a revenue management expert discusses strategies for optimizing revenue in short-term rentals, including the importance of competitive analysis and creating effective CompSets. Hosts should focus on understanding opportunity revenue and utilizing tools to track and compare their performance against competitors.
Revenue Management Strategies with Tom Lyons of Casago
This article discusses revenue management strategies for short-term rentals, emphasizing the importance of understanding market trends, particularly during the holiday season. It highlights the value of length-of-stay pricing and the influence of property presentation on guest decisions. Hosts should consider adjusting their pricing strategies based on booking windows and seasonal trends.
New regulations for Airbnb, VRBO, short-term rentals in Louisville, KY - LOUtoday
New regulations have been implemented in Louisville, KY for short-term rentals. Hosts in Louisville need to stay informed and understand these changes to ensure compliance and avoid potential penalties.