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>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay >>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes >>> Click here to download Zach Leimaster, founder and CEO of Rent to Retirement, discusses how he helps people retire early with turnkey rentals. He explains that turnkey rentals involve identifying the best markets based on cashflow and building teams in those areas to offer investment properties. Leimaster emphasizes that anyone can get started investing in rental real estate, and it doesn't necessarily require a large amount of money. He shares his own journey of retiring early through real estate investing and highlights the importance of consistency and having a strategy. Leimaster also discusses the process of determining the best markets to invest in and the different types of rentals available. Takeaways Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay >>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes >>> Click here to download Nick Libertin shares his experience of his short-term rental property burning down and the challenges he faced with insurance coverage. He emphasizes the importance of having the right insurance coverage and understanding the policy details. Nick also discusses the emotional and financial impact of the incident and offers advice for hosts to protect themselves. Takeaways Ensure you have the right short-term rental insurance coverage with a business protection rider Review your insurance policy to understand the coverage and any caps or limitations Consider additional coverage for loss of business revenue and excavation fees Be prepared for the emotional and financial impact of a property loss Maintain good documentation and evidence in case of a claim Communicate with your mortgage company to discuss payment options during the rebuilding process Before we wrap up today's episode, remember to connect with us on Instagram @getpaidforyourpad for exclusive content and behind-the-scenes moments, and don't forget to hit that 'Subscribe' button on our YouTube channel. We appreciate your support.. Stay tuned, and keep being awesome! Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay >>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes >>> Click here to download Kenny Bedwell, founder and CEO of SDR Insights, shares his expertise on analyzing short-term rental properties. He emphasizes the importance of understanding the market revenue drivers and studying the data to identify the key factors that drive revenue in a specific market. Kenny recommends evaluating properties based on a range of potential revenue, rather than a single number, to account for different scenarios. He also advises investors to look in the right markets, evaluate enough properties, and have a consistent deal flow to find profitable short-term rental deals. Takeaways Understand the market revenue drivers and study the data to identify the key factors that drive revenue in a specific market. Evaluate properties based on a range of potential revenue, rather than a single number, to account for different scenarios. Look in the right markets, evaluate enough properties, and have a consistent deal flow to find profitable short-term rental deals. Before we wrap up today's episode, remember to connect with us on Instagram @getpaidforyourpad for exclusive content and behind-the-scenes moments, and don't forget to hit that 'Subscribe' button on our YouTube channel. We appreciate your support.. Stay tuned, and keep being awesome! Chapters 00:00 Introduction and Background 06:11 Analyzing Properties: Gross Revenue and Gross ROI 11:46 Cash Flow vs. ROI Percentage 29:26 Final Thoughts and Conclusion Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay >>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes >>> Click here to download In this episode, Jasper Ribbers interviews Mike Savage, the founder of Synergy Stays, about revenue management in the short-term rental industry. They discuss the importance of revenue management and how it has evolved over the years. Mike shares his personal experience with revenue management and the strategies he has implemented to maximize his revenue. They also emphasize the need to think beyond pricing and consider other factors like operations, distribution, and marketing. The conversation highlights the role of pricing tools and the importance of creating incentives to attract bookings. Takeaways Revenue management is more than just pricing; it involves optimizing all aspects of the business to maximize revenue.Thinking like a revenue manager and being strategic in creating incentives and promotions can help attract bookings and increase revenue. Pricing tools are valuable for analyzing the market and making real-time adjustments, but they should be used in conjunction with a revenue management strategy. Considering factors like operations, distribution, and marketing is essential for effective revenue management.Systematizing revenue management processes can help scale the strategy and make it easier to replicate. Before we wrap up today's episode, remember to connect with us on Instagram @getpaidforyourpad for exclusive content and behind-the-scenes moments, and don't forget to hit that 'Subscribe' button on our YouTube channel. We appreciate your support.. Stay tuned, and keep being awesome! Chapters 00:00 Introduction and Background 06:46 The Importance of Operations, Distribution, and Marketing 13:15 Creating Incentives and Promotions to Maximize Bookings 27:11 Conclusion and Contact Information Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay >>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes >>> Click here to download Ziona McIntyre, author of '30-Day Stay: A Real Estate Investor's Guide to Mastering the Medium-Term Rental', discusses strategies for finding and managing mid-term rentals. She highlights the importance of considering tax benefits and regulations when investing in properties for mid-term rentals. McIntyre suggests using platforms like Furnish Finder, Airbnb, and Zillow to list mid-term rentals. She also mentions the potential for partnerships with insurance companies and placement agencies to attract tenants. McIntyre emphasizes the need for professional and well-designed properties in the mid-term rental market. She also mentions the option of offering additional services like car rentals through platforms like Turo. Takeaways Consider tax benefits and regulations when investing in mid-term rentals Use platforms like Furnish Finder, Airbnb, and Zillow to list mid-term rentals Explore partnerships with insurance companies and placement agencies Focus on professional and well-designed properties in the mid-term rental market Consider offering additional services like car rentals through platforms like Turo Before we wrap up today's episode, remember to connect with us on Instagram @getpaidforyourpad for exclusive content and behind-the-scenes moments, and don't forget to hit that 'Subscribe' button on our YouTube channel. We appreciate your support.. Stay tuned, and keep being awesome! Chapters 00:00 Introduction to Mid-Term Rentals 09:55 Partnerships with Insurance Companies and Placement Agencies 26:56 Exploring Additional Services for Mid-Term Rentals Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay >>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes >>> Click here to download In this episode, Jasper Ribbers interviews Arthur Colker, the founder of Stay-fi, a guest Wi-Fi marketing tool. They discuss how short-term rental operators can collect guest email addresses and market to them to encourage direct bookings. They cover topics such as the importance of guest data collection, the tools available in Stafi for email and text marketing, and the benefits of reducing dependence on OTAs. They also provide tips on what kind of emails to send to guests and discuss an upcoming training event on direct bookings. Takeaways Stay-fi is a guest Wi-Fi marketing tool that helps short-term rental operators collect valuable marketing data from every guest staying with them. By collecting guest email addresses, operators can introduce their brand to every person staying in their property and market to them for future direct bookings. Email marketing can be used to inform guests about availability, local events and activities, new properties, and last-minute cancellations. Operators can leverage direct bookings to fill calendar gaps and offer reduced rates to past guests while maintaining higher prices on OTAs. The upcoming training event, 'Shaping the Future of Direct Bookings,' will cover website optimization, email marketing, SEO, and data collection strategies. Before we wrap up today's episode, remember to connect with us on Instagram @getpaidforyourpad for exclusive content and behind-the-scenes moments, and don't forget to hit that 'Subscribe' button on our YouTube channel. We appreciate your support.. Stay tuned, and keep being awesome! Chapters 00:00 Introduction and Overview of Stay-fi 03:09 Guest Data Collection and Brand Introduction 04:26 Using Email and Text Marketing for Return Bookings 06:49 Reducing Dependence on OTAs and Increasing Occupancy 11:46 Content Creation and Engaging Guests Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay >>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes >>> Click here to download In this episode, Jasper Ribbers interviews Dave Krauss, the co-founder of Rent Responsibly, an organization that supports the short-term rental industry. They discuss the importance of creating alliances and advocating for balanced regulations in the industry. They also highlight the need for education and research to inform policy decisions. Dave introduces the State of the Short-Term Rental Industry Survey, which aims to gather data from hosts and local government officials to shape the future of the industry. They encourage listeners to participate in the survey and get involved with local alliances to have their voices heard. Takeaways Creating alliances and advocating for balanced regulations is crucial for the short-term rental industry. Education and research are essential to inform policy decisions and correct misconceptions about the industry. The State of the Short-Term Rental Industry Survey provides an opportunity for hosts and local government officials to contribute to shaping the future of the industry. Getting involved with local alliances can provide benefits such as education, networking, and advocacy support. Before we wrap up today's episode, remember to connect with us on Instagram @getpaidforyourpad for exclusive content and behind-the-scenes moments, and don't forget to hit that 'Subscribe' button on our YouTube channel. We appreciate your support.. Stay tuned, and keep being awesome! Chapters 00:00 Introduction and Updates 01:09 Introduction to Rent Responsibly 06:16 Balancing Regulations and Encouraging Responsible Hosting 08:27 The Shift in Travel Trends and the Need for Regulations 11:18 The Evolution of Short-Term Rental Regulations 14:06 The State of the Short-Term Rental Industry Survey 29:37 Conclusion and Call to Action Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay >>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes >>> Click here to download Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay >>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes >>> Click here to download In this episode, Jasper Ribbers interviews Jordan Locke, the founder of RevParty Consulting, about revenue management strategies for short-term rentals. They discuss the importance of revenue management, understanding guest avatars, pricing strategies for special events, adjusting pricing for high-demand dates, and utilizing OTA promotions. They also cover practical tips for increasing revenue and the importance of scheduling time for revenue management. Jordan provides his contact information for those interested in learning more about his services. Takeaways Revenue management is the practice of maximizing revenue by constantly improving how much money you make. Understanding guest avatars and their preferences can help you tailor your pricing strategy and attract the right guests. Utilizing OTA promotions can increase visibility and attract more bookings. Setting minimum night stays can help optimize your calendar and prevent undesirable bookings. Scheduling dedicated time for revenue management is crucial for monitoring pricing, adjusting strategies, and staying on top of market trends. Chapters 00:00 Introduction to Revenue Management 01:19 Background and Experience in Revenue Management 04:29 2024 Revenue Trends 06:13 Pricing Strategies for Special Events 09:48 Adjusting Pricing Strategy for High Demand Dates 12:56 Factors Influencing Booking Behavior 14:49 Getting Started with Revenue Management 15:40 Understanding Guest Avatars and Pricing 22:18 Optimizing Minimum Night Stays 25:41 Scheduling Time for Revenue Management 28:53 Understanding Pacing 30:39 Practical Tips for Increasing Revenue 32:49 Contact Information 33:35 Conclusion Before we wrap up today's episode, remember to connect with us on Instagram @getpaidforyourpad for exclusive content and behind-the-scenes moments, and don't forget to hit that 'Subscribe' button on our YouTube channel. We appreciate your support.. Stay tuned, and keep being awesome! Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay >>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes >>> Click here to download In this episode, Jasper Ribbers interviews Jordan Locke, the founder of RevParty Consulting, about revenue management strategies for short-term rentals. They discuss the importance of revenue management, understanding guest avatars, pricing strategies for special events, adjusting pricing for high-demand dates, and utilizing OTA promotions. They also cover practical tips for increasing revenue and the importance of scheduling time for revenue management. Jordan provides his contact information for those interested in learning more about his services. Takeaways Revenue management is the practice of maximizing revenue by constantly improving how much money you make. Understanding guest avatars and their preferences can help you tailor your pricing strategy and attract the right guests. Utilizing OTA promotions can increase visibility and attract more bookings. Setting minimum night stays can help optimize your calendar and prevent undesirable bookings. Scheduling dedicated time for revenue management is crucial for monitoring pricing, adjusting strategies, and staying on top of market trends. Chapters 00:00 Introduction to Revenue Management 01:19 Background and Experience in Revenue Management 04:29 2024 Revenue Trends 06:13 Pricing Strategies for Special Events 09:48 Adjusting Pricing Strategy for High Demand Dates 12:56 Factors Influencing Booking Behavior 14:49 Getting Started with Revenue Management 15:40 Understanding Guest Avatars and Pricing 22:18 Optimizing Minimum Night Stays 25:41 Scheduling Time for Revenue Management 28:53 Understanding Pacing 30:39 Practical Tips for Increasing Revenue 32:49 Contact Information 33:35 Conclusion Before we wrap up today's episode, remember to connect with us on Instagram @getpaidforyourpad for exclusive content and behind-the-scenes moments, and don't forget to hit that 'Subscribe' button on our YouTube channel. We appreciate your support.. Stay tuned, and keep being awesome! Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay >>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes >>> Click here to download In this episode, Jasper Ribbers interviews Steven Suarez, the founder of Argest Rentals, about his experiences in property management and the challenges he faced in scaling his business. They discuss the importance of building strong relationships with virtual assistants, navigating partnerships and breakups, and the art of renegotiating in business. Steven shares valuable insights and lessons learned from his journey, emphasizing the need for clear communication, restructuring, and perseverance in the face of adversity. Takeaways Chapters 00:00 Introduction and Catching Up 02:22 The Rum and Coke Story 08:07 Challenges and Lessons Learned in Property Management 14:07 Navigating Partnerships and Breakups 19:23 Scaling Back to Scale Up 23:41 Managing Stress and Emotions 27:41 Building Strong Relationships with Virtual Assistants 30:11 The Importance of Appreciating and Supporting Virtual Assistants 35:00 The Art of Renegotiating in Business 37:51 Where to Find Steven Suarez Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay >>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes >>> Click here to download In today's episode of Get Paid for Your Pad, I had the pleasure to talk to Heather Loduca & Erin Donnelly, the founders of Pink Wall Designs, straight out of Canada. They are not only seasoned in interior design for short-term rentals and boutique hotels but also investors themselves, owning properties that stand as testaments to their expertise. The focus of our conversation revolved around the critical importance of interior design in the increasingly competitive Airbnb and short-term rental market. Design, as we explored, isn't just about aesthetics; it's crucial for marketing, creating memorable guest experiences, and ensuring your property stands out in a sea of options. Erin and Heather shared insights on making properties Instagrammable, leveraging social media for direct bookings, and the significance of targeting your design to appeal to your ideal guest avatar. They emphasized the power of experiential design, suggesting features like selfie walls and thematic decor that resonate with your target audience and encourage social sharing. The conversation also delved into the strategic use of platforms like TikTok for market research and promotion, highlighting the platform's effectiveness in reaching potential guests quickly. Moreover, Erin and Heather offered advice on collaborating with local businesses and influencers to enhance guest experiences and market your property more effectively. They underscored the importance of continually updating and refreshing your property's design to keep up with trends and guest expectations. For those interested in learning more about their work or seeking their services, Aaron and Heather can be found on Instagram at @PinkWallDesigns and TikTok under the same handle. They also have a website, Pink Wall Designs, Inc., for further information and contact details. This episode is a reminder that in the world of short-term rentals, creating an experience, not just a place to stay, is key to success. Designing with intention and focusing on the guest experience can set your property apart and ensure its success in the competitive market of 2024 and beyond. Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay >>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes >>> Click here to download In today's insightful episode of "Get Paid for Your Pad," I had the distinct pleasure of discussing the evolving landscape of the short-term rental industry with Zohar and Eran Lotem, the dynamic sibling duo behind 5 Star STR. Their journey from various entrepreneurial ventures to leaders in the short-term rental space is not just a business story; it's a narrative of resilience, adaptability, and a deep understanding of what it takes to create exceptional guest experiences. Zohar and Eran, seasoned entrepreneurs, have a rich history of ventures spanning from retail operations across notable locations such as the Las Vegas Strip, California, Hawaii, and the Virgin Islands to unique forays into the fashion and CBD cosmetics industry. The transition to short-term rentals post-2016 marked a significant turn in their careers, especially following a life-altering accident in 2020 that Eran endured. This incident led them to establish the first accessible Airbnb short-term rental home in Las Vegas, a reflection of their dedication to inclusivity and adaptability. Their company, 5 Star STR, has seen remarkable growth, expanding its portfolio from four to 20 properties within a year. They specialize in managing high-end properties, catering to a premium segment of the market. What sets 5 Star STR apart is its dual approach to management: offering premium full-service and online service, each designed to deliver an unparalleled level of excellence to property owners and guests alike. During our conversation, Zohar and Eran shared their unique insights into the operational and strategic aspects of running a successful short-term rental business. They emphasized the importance of safety and meticulous maintenance in their properties, citing examples of unexpected safety hazards they have encountered and addressed in their properties. This level of attention to detail not only ensures guest safety but also reflects their commitment to providing a secure and comfortable stay. The discussion also delved into the challenges and opportunities unique to the short-term rental industry. The Lotem brothers highlighted the role of advanced technologies and property management systems in streamlining operations and reducing the need for extensive manpower. They contrasted their current business model with their past ventures, noting the shift from a pure revenue focus to creating value and memorable experiences for guests and property owners. A key topic of our conversation was their innovative approach to creating unique guest experiences. Zohar and Eran are exploring ways to differentiate their properties through high-quality, luxury furniture and unique features like custom wall prints from a vertical printer. This strategy aims to offer guests something more than just accommodation—it's about creating unforgettable experiences that resonate on a personal level. Zohar and Eran are also strong advocates for collaboration within the industry. They believe in joining forces with other industry players to acquire unique items for their properties, enhancing the overall guest experience and staying competitive in the market. This collaborative spirit is evident in their invitation to others in the industry to connect through their website, 5starstr.com, for potential partnerships and collaborations. Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay >>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes >>> Click here to download In today's insightful episode of "Get Paid for Your Pad," I had the distinct pleasure of discussing the evolving landscape of the short-term rental industry with Zohar and Eran Lotem, the dynamic sibling duo behind Five Star STR. Their journey from various entrepreneurial ventures to leaders in the short-term rental space is not just a business story; it's a narrative of resilience, adaptability, and a deep understanding of what it takes to create exceptional guest experiences. Zohar and Eran, seasoned entrepreneurs, have a rich history of ventures spanning from retail operations across notable locations such as the Las Vegas Strip, California, Hawaii, and the Virgin Islands to unique forays into the fashion and CBD cosmetics industry. The transition to short-term rentals post-2016 marked a significant turn in their careers, especially following a life-altering accident in 2020 that Eran endured. This incident led them to establish the first accessible Airbnb short-term rental home in Las Vegas, a reflection of their dedication to inclusivity and adaptability. Their company, Five Star STR, has seen remarkable growth, expanding its portfolio from four to 20 properties within a year. They specialize in managing high-end properties, catering to a premium segment of the market. What sets Five Star STR apart is its dual approach to management: offering premium full-service and online service, each designed to deliver an unparalleled level of excellence to property owners and guests alike. During our conversation, Zohar and Eran shared their unique insights into the operational and strategic aspects of running a successful short-term rental business. They emphasized the importance of safety and meticulous maintenance in their properties, citing examples of unexpected safety hazards they have encountered and addressed in their properties. This level of attention to detail not only ensures guest safety but also reflects their commitment to providing a secure and comfortable stay. The discussion also delved into the challenges and opportunities unique to the short-term rental industry. The Lotem brothers highlighted the role of advanced technologies and property management systems in streamlining operations and reducing the need for extensive manpower. They contrasted their current business model with their past ventures, noting the shift from a pure revenue focus to creating value and memorable experiences for guests and property owners. A key topic of our conversation was their innovative approach to creating unique guest experiences. Zohar and Eran are exploring ways to differentiate their properties through high-quality, luxury furniture and unique features like custom wall prints from a vertical printer. This strategy aims to offer guests something more than just accommodation—it's about creating unforgettable experiences that resonate on a personal level. Zohar and Eran are also strong advocates for collaboration within the industry. They believe in joining forces with other industry players to acquire unique items for their properties, enhancing the overall guest experience and staying competitive in the market. This collaborative spirit is evident in their invitation to others in the industry to connect through their website, 5starstr.com, for potential partnerships and collaborations. Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay >>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes >>> Click here to download In today's insightful episode of "Get Paid for Your Pad," I had the distinct pleasure of discussing the evolving landscape of the short-term rental industry with Zohar and Eran Lotem, the dynamic sibling duo behind 5 Star STR. Their journey from various entrepreneurial ventures to leaders in the short-term rental space is not just a business story; it's a narrative of resilience, adaptability, and a deep understanding of what it takes to create exceptional guest experiences. Zohar and Eran, seasoned entrepreneurs, have a rich history of ventures spanning from retail operations across notable locations such as the Las Vegas Strip, California, Hawaii, and the Virgin Islands to unique forays into the fashion and CBD cosmetics industry. The transition to short-term rentals post-2016 marked a significant turn in their careers, especially following a life-altering accident in 2020 that Eran endured. This incident led them to establish the first accessible Airbnb short-term rental home in Las Vegas, a reflection of their dedication to inclusivity and adaptability. Their company, 5 Star STR, has seen remarkable growth, expanding its portfolio from four to 20 properties within a year. They specialize in managing high-end properties, catering to a premium segment of the market. What sets 5 Star STR apart is its dual approach to management: offering premium full-service and online service, each designed to deliver an unparalleled level of excellence to property owners and guests alike. During our conversation, Zohar and Eran shared their unique insights into the operational and strategic aspects of running a successful short-term rental business. They emphasized the importance of safety and meticulous maintenance in their properties, citing examples of unexpected safety hazards they have encountered and addressed in their properties. This level of attention to detail not only ensures guest safety but also reflects their commitment to providing a secure and comfortable stay. The discussion also delved into the challenges and opportunities unique to the short-term rental industry. The Lotem brothers highlighted the role of advanced technologies and property management systems in streamlining operations and reducing the need for extensive manpower. They contrasted their current business model with their past ventures, noting the shift from a pure revenue focus to creating value and memorable experiences for guests and property owners. A key topic of our conversation was their innovative approach to creating unique guest experiences. Zohar and Eran are exploring ways to differentiate their properties through high-quality, luxury furniture and unique features like custom wall prints from a vertical printer. This strategy aims to offer guests something more than just accommodation—it's about creating unforgettable experiences that resonate on a personal level. Zohar and Eran are also strong advocates for collaboration within the industry. They believe in joining forces with other industry players to acquire unique items for their properties, enhancing the overall guest experience and staying competitive in the market. This collaborative spirit is evident in their invitation to others in the industry to connect through their website, 5starstr.com, for potential partnerships and collaborations. Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay >>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes >>> Click here to download In this episode of "Get Paid for Your Pad," I, Jasper Ribbers, engage in an insightful conversation with Madison Rivkin, founder of Mount. We delve into the concept of Mount, a platform revolutionizing the guest experience in short-term rentals. Focusing on how travelers book experiences, Mount connects local businesses offering diverse activities like brewery tours or rafting trips, making them easily discoverable online. Madison explains that Mount allows hosts and property managers to curate and offer a personalized list of experiences through their platform, enhancing guest satisfaction. For instance, a host in New York City could recommend an underground foodie tour in Chinatown or a donut tour in West Village. Each host creates a mini marketplace with a unique URL, which they can share with guests through various means, including QR codes in properties. This not only elevates the guest experience but also enables hosts to earn a commission. I discuss with Madison the distinctiveness of Mount compared to other platforms like Airbnb Experiences and Viator. Mount’s unique selling point is its emphasis on personalization, making it appear as if the recommendations are directly from the host, unlike the more generalized offerings on Airbnb and Viator. Madison also highlights how Mount caters to off-the-beaten-path, local experiences, avoiding the 'tourist trap' feel of mainstream platforms. We explore the flexibility of Mount, discussing how hosts with unique local knowledge or resources, like hidden hikes or boats, can create their own experiences. Madison shares that Mount integrates with various property management systems (PMS) and guidebooks, simplifying the process for hosts to incorporate these experiences into their offerings. Delving into Mount’s future goals, Madison mentions their ambition to embed experiences directly into digital guidebooks and to expand their eco-friendly mission, aiming to reduce tourist waste and promote sustainable tourism practices. Mount encourages the use of local resources and experiences, aligning with the trend of experiential travel, particularly popular among younger generations seeking unique, Instagram-worthy activities. Madison's journey, from founding Mount as a bike lock company at age 12 to its evolution into a travel experience facilitator, is both fascinating and inspiring. She emphasizes the importance of adapting to market needs and leveraging personal experiences to enhance their platform. For those interested in using Mount, the sign-up process is straightforward. Hosts can register on rentmount.com, create their mini marketplace, and start offering personalized local experiences to their guests. This integration of unique local experiences not only enhances guest stays but also helps hosts distinguish their offerings in a crowded market. Before we wrap up today's episode, remember to connect with us on Instagram @getpaidforyourpad for exclusive content and behind-the-scenes moments, and don't forget to hit that 'Subscribe' button on our YouTube channel. We appreciate your support.. Stay tuned, and keep being awesome! Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay >>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes >>> Click here to download In this episode of "Get Paid for Your Pad," I welcomed Connor Paton, CEO and founder of Noshable, to discuss his innovative company that's enhancing the Airbnb experience. Noshable's service allows guests to pre-order groceries and have them ready in their Airbnb rental upon arrival. This service tackles a common inconvenience for travelers: arriving at a rental with no basic necessities like food and water. Connor shared the journey behind Noshable. The idea stemmed from personal experiences of inconvenience when arriving at unfamiliar destinations and the time-consuming process of grocery shopping. This led to the development of a platform where guests could effortlessly have their groceries delivered and stocked before they arrive. Connor’s background in property management and prop tech, including his time at Realpha, played a crucial role in realizing the need for such a service. The process with Noshable is integrated into the Airbnb booking experience. Guests receive a link to pre-order groceries from a selection of over 20 major retail grocery stores, with the ability to order up to a year in advance. This integration ensures a seamless and hassle-free experience for both guests and property managers. Noshable is in its early stages, having recently completed beta testing in several states. Connor discussed the technical and operational aspects of Noshable, including their focus on standardizing operations to ensure consistency across locations. The company aims to expand to more areas, currently active in markets with Walmart, Kroger, and affiliate stores. For property managers, Noshable presents a cost-effective and potentially profitable solution. The platform is free for property managers, with a share of the markup on groceries and the ability to set their own delivery fees. This model provides an additional revenue stream and enhances service offerings. Connor emphasized the importance of removing friction in hospitality, drawing inspiration from companies like Disney. Noshable’s service addresses the basic needs of food and accommodation, enhancing the vacation experience from the moment guests arrive. Further discussing future developments, Connor mentioned plans to integrate with property management systems, introduce an AI shopper for efficient grocery ordering, facilitate group orders, and expand to restaurant partnerships for dining experiences. These features aim to streamline the ordering process and expand the scope of services offered by Noshable. For more information, Connor directed listeners to the Noshable website, shopnoshable.com, and offered his contact for inquiries and collaborations via email (connor@shopnoshable.com) or LinkedIn. Before we wrap up today's episode, remember to connect with us on Instagram @getpaidforyourpad for exclusive content and behind-the-scenes moments, and don't forget to hit that 'Subscribe' button on our YouTube channel. We appreciate your support.. Stay tuned, and keep being awesome! Hosted on Acast. See acast.com/privacy for more information.

>>> Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay >>> FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes >>> Click here to download In this episode of "Get Paid for Your Pad," I welcomed Connor Paton, CEO and founder of Noshable, to discuss his innovative company that's enhancing the Airbnb experience. Noshable's service allows guests to pre-order groceries and have them ready in their Airbnb rental upon arrival. This service tackles a common inconvenience for travelers: arriving at a rental with no basic necessities like food and water. Connor shared the journey behind Noshable. The idea stemmed from personal experiences of inconvenience when arriving at unfamiliar destinations and the time-consuming process of grocery shopping. This led to the development of a platform where guests could effortlessly have their groceries delivered and stocked before they arrive. Connor’s background in property management and prop tech, including his time at Realpha, played a crucial role in realizing the need for such a service. The process with Noshable is integrated into the Airbnb booking experience. Guests receive a link to pre-order groceries from a selection of over 20 major retail grocery stores, with the ability to order up to a year in advance. This integration ensures a seamless and hassle-free experience for both guests and property managers. Noshable is in its early stages, having recently completed beta testing in several states. Connor discussed the technical and operational aspects of Noshable, including their focus on standardizing operations to ensure consistency across locations. The company aims to expand to more areas, currently active in markets with Walmart, Kroger, and affiliate stores. For property managers, Noshable presents a cost-effective and potentially profitable solution. The platform is free for property managers, with a share of the markup on groceries and the ability to set their own delivery fees. This model provides an additional revenue stream and enhances service offerings. Connor emphasized the importance of removing friction in hospitality, drawing inspiration from companies like Disney. Noshable’s service addresses the basic needs of food and accommodation, enhancing the vacation experience from the moment guests arrive. Further discussing future developments, Connor mentioned plans to integrate with property management systems, introduce an AI shopper for efficient grocery ordering, facilitate group orders, and expand to restaurant partnerships for dining experiences. These features aim to streamline the ordering process and expand the scope of services offered by Noshable. For more information, Connor directed listeners to the Noshable website, shopnoshable.com, and offered his contact for inquiries and collaborations via email (connor@shopnoshable.com) or LinkedIn. Before we wrap up today's episode, remember to connect with us on Instagram @getpaidforyourpad for exclusive content and behind-the-scenes moments, and don't forget to hit that 'Subscribe' button on our YouTube channel. We appreciate your support.. Stay tuned, and keep being awesome! Hosted on Acast. See acast.com/privacy for more information.

*** FREE REVENUE MANAGEMENT TRAINING*** DATE: TUESDAY DECEMBER 12TH 1PM PST / 4PM EST SIGN UP AT: https://www.getpaidforyourpad.com/webinar Hosted on Acast. See acast.com/privacy for more information.

*** FREE REVENUE MANAGEMENT TRAINING*** DATE: TUESDAY DECEMBER 12TH 1PM PST / 4PM EST SIGN UP AT: https://www.getpaidforyourpad.com/webinar In today's episode of "Get Paid for Your Pad," I, Jasper Ribbers, delve into my recent experiences and learnings from the Data and Revenue Management (Darm) Conference in Nashville. This episode is packed with insights, especially for those of us in the short-term rental industry, focusing on data, revenue management, and enhancing guest experiences. One of the highlights from the conference was Will Godera's keynote speech. His concept of "unreasonable hospitality," which he exemplified through his New York restaurant's journey to becoming the world's number one, deeply resonated with me. It emphasized the importance of going beyond the conventional to create memorable guest experiences. This approach doesn't necessarily require significant investment but rather a focus on understanding and catering to the unique needs of each guest. As an example, Will’s story about serving a New York hot dog in a high-end restaurant setting to please a group of European guests underscored the power of personalized service. The market data and forecasts presented by AirDNA and KeyData were particularly enlightening. The industry saw an increase in demand in 2023, but an oversupply led to decreased occupancy rates. For 2024, we're looking at a balanced growth in supply and demand, with slight increases in average daily rates and revenue per available room. This data is crucial as we plan our strategies for the coming year. An important takeaway from the conference was the necessity of understanding detailed booking data for effective revenue management. Knowing the booking lead times and trends – whether guests book in advance or closer to their stay – is critical for setting optimal pricing strategies. This approach becomes increasingly important in a market that isn't experiencing the rapid growth of previous years. Seeing the growing interest in revenue management among hosts, I'm excited to announce a free, detailed training session on this topic, scheduled for Tuesday at 1 PM PST. This session, which you can join at getpaidforyourpad.com/webinar, will be highly actionable, showcasing the strategies used in my business. It's designed to provide valuable insights that hosts can implement in their operations. To conclude, I share a bit about my upcoming personal travels, including a visit to the Netherlands, a skiing trip in Austria, and a romantic getaway to Paris with my wife. I'm looking forward to these personal experiences and equally excited to share more industry insights in the upcoming episodes. Thanks for listening, and I hope to see many of you in the upcoming webinar. Before we wrap up today's episode, remember to connect with us on Instagram @getpaidforyourpad for exclusive content and behind-the-scenes moments, and don't forget to hit that 'Subscribe' button on our YouTube channel. We appreciate your support.. Stay tuned, and keep being awesome! Hosted on Acast. See acast.com/privacy for more information.