Short Term Rental Q&A - Insurance, Security Deposits, Passive Income, Exit Strategies and MORE!
Summary
Kylee and Steven answer common STR hosting questions related to smart thermostats for mini-splits, using guest mode on Roku, hot tub manufacturers and automated chemical balance, insurance with an LLC, and what they do while on vacation to manage their listings. They share tips on hot tub manufacturer preferences, the importance of having STR insurance despite platform coverage, and leveraging a VA for guest communications while on vacation, offering insights and advice for both new and experienced hosts.
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Airbnb is launching an AI-driven initiative for improved search and support features. This update signals a significant shift towards more intuitive guest experiences. Hosts should anticipate improved search results and more efficient support channels. The impact will be better guest satisfaction and, potentially, increased bookings.
Airbnb is expanding its services beyond accommodations by testing airport pickups and grocery delivery in select cities in EMEA, APAC, and LATAM. This move aligns with CEO Brian Chesky's vision to improve the travel experience from the start. These new services could significantly improve the guest experience and potentially increase host revenues through referrals.
Airlines canceled over 10,000 flights due to a blizzard in the Northeast, with significant disruptions expected throughout the week. Nearly half of flights out of major airports like LaGuardia, JFK, and Boston were canceled, impacting travel plans. Hosts should anticipate potential guest cancellations and adjust their strategies accordingly.
Curated by Learn STR by GoStudioM