Leverage Long Term Stays to Maximize Occupancy (Ep494)
Summary
AI-generatedLearn how to leverage the fastest-growing category on Airbnb: 30-day plus stays. This episode explores the pros and cons, strategies for securing long-term bookings, and essential legal considerations for transitioning your short-term rental business.
Key insights
Transitioning to 30-day plus stays can be a strategy to maintain business during slow seasons, such as summer in Lafayette, Louisiana, where tourism declines due to heat and fewer events.
Mistakes to avoid
Not having guests sign a lease agreement for stays over 30 days can lead to significant problems, especially during periods with eviction moratoriums, potentially requiring legal intervention to remove non-paying guests.
Tools & resources
Hospitable Hostsbook
The book 'Hospitable Hosts: Inspiring & Memorable Stories From Airbnb Hosts Around The World To Educate & Motivate' features stories from STR hosts, with proceeds going to charity.
Frequently Asked Questions
Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial