News
Stay updated with the latest STR industry news and regulations
Are short-term rentals legal in Phoenix? What you need to know about Airbnbs and more - azcentral.com and The Arizona Republic
This article discusses the legality of short-term rentals in Phoenix, Arizona. Hosts in the Phoenix area should review the local regulations to ensure compliance with current laws and avoid potential penalties.
Leverage your Airbnbs to travel for free (Ep591 )
This article introduces Host Share, a platform that allows short-term rental hosts to exchange last-minute unbooked nights for free travel. Hosts contribute nights based on their nightly rate, and in return, gain access to travel on the platform. The platform is launching soon, so consider joining to potentially reduce vacancy and gain travel benefits.
Leverage your Airbnbs to travel for free
This article discusses Host Share, a new platform for hosts to exchange stays in their properties, potentially traveling for free. It also highlights an episode of 'Get Paid For Your Pad' on revenue management and CEO strategies. Hosts can learn about a new way to travel and improve their pricing strategies.
How to achieve your revenue management (Ep590)
This podcast episode with Rebecca Ballart, COO of a revenue management consulting group, covers revenue management strategies and how to apply them. It highlights the importance of market data and understanding different market types (urban vs. seasonal) when setting rates. Hosts should focus on utilizing market data and creating a comp set to inform their pricing strategies and understand the nuances of their specific market.
How to achieve your revenue management goals
This "Get Paid For Your Pad" episode and its related content discuss revenue management strategies for short-term rentals, including the importance of foundational pricing, market monitoring, and rethinking far-out premiums. Hosts should focus on daily and weekly pricing routines, monitor booking behavior, and be aware of how operational constraints impact pricing.
Louisville Metro Council changes rules for Airbnbs, other short-term rentals - The Courier-Journal
The Louisville Metro Council has updated its regulations for short-term rentals, including those on Airbnb and VRBO. Hosts in Louisville should review the new rules to ensure compliance and avoid potential penalties.
Kansas City will kick hundreds of rentals off Airbnb, Vrbo this week. Here’s why - Kansas City Star
Kansas City is taking action to remove hundreds of rentals from Airbnb and Vrbo this week. Hosts in Kansas City need to be aware of the new regulations and ensure their listings comply to avoid removal.
How to create a minimum stay restriction strategy
This article discusses revenue management strategies for short-term rentals, focusing on the importance of flexible minimum stay restrictions, adapting to changing traveler behavior, and the impact of market supply. Hosts should regularly review their pricing tool's dashboard and consider engaging with potential guests to extend stays to maximize occupancy and revenue.
How to create a minimum stay restriction strategy (Ep589)
This podcast episode discusses how to set minimum night stay restrictions to maximize revenue. The speaker explains how factors such as seasonality, property size, and booking window affect minimum stay decisions, with specific considerations on when to apply and release restrictions.
NYC's New Short-Term Rental Law: Impact on Airbnb, Vrbo, and More - Brand Vision
This article discusses the impact of New York City's new short-term rental law on platforms like Airbnb and Vrbo. Hosts in NYC need to be aware of these new regulations and how they might affect their listings.
Airbnb and VRBO regulations in NYC are the latest among other cities - Fox Business
This article highlights the ongoing trend of Airbnb and VRBO regulations across various cities, with NYC being the latest. Hosts should stay informed about local regulations to ensure compliance and avoid potential penalties.
Revenue Management Strategies for Airbnb Hosts
This article discusses revenue management strategies for Airbnb hosts, emphasizing the importance of setting the right base price, monitoring booking patterns, and making incremental price adjustments. It also highlights the need to maintain a strong brand reputation and nurture guest relationships. Hosts should consider these strategies to optimize revenue and build a loyal customer base.
Revenue Management Strategies for Airbnb Hosts (Ep 588)
This podcast episode discusses revenue management strategies for short-term rentals, emphasizing the importance of a multi-faceted approach. It highlights that hosts should consider factors beyond just pricing, such as marketing, distribution channels, and the overall guest experience, to improve occupancy and profitability.
Airbnb and Vrbo hosts under new restrictions as short-term rental rules kick off in NYC - Fox Business
New York City has implemented new short-term rental regulations, impacting Airbnb and Vrbo hosts. Hosts need to be aware of these restrictions to ensure compliance and avoid potential penalties. Staying informed about local regulations is crucial for all STR hosts.
VRBO, Airbnb, NYC short-term rental rules could make finding a place to stay in New York City harder - ABC7 New York
This article discusses potential challenges for finding short-term rentals in New York City due to new regulations impacting platforms like VRBO and Airbnb. Hosts should stay informed about these evolving rules as they could impact their ability to list and generate bookings.
New York City’s Crackdown on Airbnb Is Starting. Here’s What to Expect. (Published 2023) - The New York Times
New York City is cracking down on Airbnb rentals, which will likely impact hosts operating in the city. Hosts need to understand the new regulations and prepare for potential compliance requirements to avoid penalties.
How to find a great partner to run your STR business (Ep587)
This article discusses the importance of successful partnerships in the STR business, highlighting the benefits of complementary strengths and effective communication. Hosts can learn from the experiences shared by James Lucas and Ben Bledsoe who went from being busy hosts to hotelier-like efficiency by using Legends X program and other systems. Consider focusing on communication and evaluating the strengths and weaknesses of any potential partners.
Streamline your hosting operations with Hospitable (Ep586 )
This episode of "Get Paid For Your Pad" features an interview with the Head of Product at Hospitable, discussing the platform's AI-powered messaging and focus on smaller-scale hosts. Hospitable offers a user-friendly platform with an app store in development. Take advantage of their exclusive 25% discount for three months using code GPFYP.
How to find a great partner to run your STR business
This article from "Get Paid For Your Pad" highlights an interview with industry experts discussing successful partnerships in the short-term rental business. It mentions a Labor Day promotional offer for an overnightsuccess.io product.
Madison Village Council approves ordinance to regulate Airbnb, Vrbo rentals - News-Herald
The Madison Village Council has approved an ordinance to regulate short-term rentals listed on Airbnb and Vrbo. Hosts in Madison Village need to familiarize themselves with the new regulations to ensure compliance.