Simple & Inexpensive Ways to Decorate Your STR for the Holidays
The Holiday season is just around the corner and like every short-term rental property owner, you are excited to receive lots of bookings from your guests. With an increase in the number of Airbnb properties in every city across the country, catching the attention of tourists to your listing has become difficult for many owners. Here are some simple and inexpensive ways in which you can decorate your STR for the coming holidays.
1. Decorate with Christmas in Mind
You can easily add a festive spirit to your vacation rental by placing Christmas preparations at strategic places. Your decoration does not need to be elaborate or expensive. Even a simple but elegant Christmas decoration can help to send your guests into a festive mood. You can start by placing Christmas lights that can make your guests have a very warm and welcoming feel. You can also place miniature Christmas trees inside the property. Another item for decoration is a beautiful...
Episode 065 - Interview with Napa Valley Chris (Young) on His $6k Airbnb Settlement - Part One
SHOW NOTES & LESSONS
Part One of our interview with Napa Valley Chris, Christopher Young.
Links to his Facebook Page:
https://www.facebook.com/Napa-Valley-Chris-2271342579571610/
Links to the story of this robbery:
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...
Episode 064 - Seven Things You Can Do to Prevent Parties in Your Short Term Rental
SHOW NOTES & LESSONS
Here are Seven Things you can do to prevent parties in your Short Term Rental:
- In your listing and in your House Rules, make it very clear that NO PARTIES ARE ALLOWED EVER. Be so clear as to add that those who break the rules will be responsible for any damages, all repairs, all fines, and fees, including but not limited to all legal fees by you and the owner to recover costs, lawsuits, fines, and fees you incurred.
- Use tools like Noise Aware: a noise detector that measures the sound in decibels without infringing on a guests’ privacy. When the level rises above your set amount, you will be notified by text and email. You should then notify guests by message THROUGH PLATFORM and by a quick phone call right away. Document everything.
- Party Squasher (please use our affiliate link below) can be purchased on Amazon for the same price as on their website. This device allows you to monitor the number of devices...
Boost Your Property Income with Co-Hosting
Have you heard a lot about people making lots of money through short term rentals on Airbnb?
Do you have a property that you would love to list on a platform like Airbnb but resisting the temptation because you do not have the time to devote to hosting?
Do you think you need to learn more before you begin hosting a property on Airbnb?
Are you unable to devote the necessary time because of health or circumstances?
Are you just not sure if you can handle the challenges of managing your listing on Airbnb?
There is no doubt people are making a great living off of platforms like Airbnb. Some began supplementing their income by just renting out a room in their home but soon learned that there was a much larger opportunity out there than they had even imagined.
However, earning a good income from your listing on Airbnb has not remained easy. There is more competition than ever and hosts are using so many creative and innovative...
Episode 063 - Why Now is the Best Time to Think About Retirement
SHOW NOTES & LESSONS
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Recommended Article or Blog Post Related to This Week's Podcast:
The 2020 Wealth Building Summit - three full days of premier self-directed IRA education! At the Summit, you’ll hear from investors around the country who are using their self-directed IRAs to build wealth, secure their financial futures, and create a legacy for future generations. Three full days of education, networking, and inspiration!
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https://www.daveramsey.com/blog/teach-your-kids-how-to-save-for-retirement
Recommended Podcast Episode that is paired with this one like a Fine Wine:
Get This Episode's Show Notes in a pdf form...
PICTURE OF PDF
What Are Some Other Hosting Platforms (Besides Airbnb)?
When it comes to short term vacation rentals, there may be only one name that comes to your mind and that is Airbnb. There can be no doubt that Airbnb is an excellent hosting platform but it was not the first and many believe it is not the best. It is, however, one of the largest and most used platforms out there, being used by millions of owners around the world to get bookings for their properties. However, there are many other hosting platforms that are equally as good if you decide you want to compare or even list your property on more than one platform to get optimal bookings.
(Listed in alphabetical order, you can click on the links.)
Booking.com
This is a wonderful option for owners who can list their properties for free on this platform. The company charges a booking fee per booking only. This company is believed to book hotel rooms for its customers at unbelievable rates. But it also books homes and apartments for travelers moving across the globe....
Episode 062 – Making Bank and Serving: the Fine Line Between the Two
SHOW NOTES & LESSONS
Walking the fine line between $$$ & Service
Not Making Enough? Check the Basics:
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- Professional pictures with the best in front?
- Great Listing Headline that highlights your Best Features?
- Dynamic Pricing and Good Reviews?
Think about what your Ideal Guest wants or needs. Why are they there? What things might they want to do? How can you make it better - or special - or add to their experience - or create special
moments that they'll cherish forever? SERVICE!
You can charge for early check-ins or late check-outs when you are able. You can charge to hold luggage. You can charge for upgrades - better quality, like strollers. You can charge for laundry or maid service. You can charge to pre-stock grocery items or breakfast or pretty much anything you can think of.
Send your guest questionnaires before and after stays to help.
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Episode 061 - The VA Advantage© : Free Up Your Time & Take Back Your Life
SHOW NOTES & LESSONS
What is a virtual assistant? What do they do? Where can I find them?
Michelle has made it super easy to answer these questions and get you started on your journey to freeing up your time.
She's given you a Mini-Course (a Quick Start) on Virtual Assistants. Use the link below to go directly there and claim your seat for Free!
Take me to the course!
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Please use our Affiliate Links whenever possible and help support the show. Thank you!
WHAT LINKS WERE MENTIONED...
Recommended Podcast Episode that is paired with this one like a Fine Wine:
Episode 034 - Creating Your SOP: How to Put Your Business on Autopilot
Get This Episode's Show Notes in a pdf form...
Show Transcript
[00:01] Over the last two centuries, nearly 90 percent of the world's millionaires have created their wealth through real estate. Here to tell you how you can...
Bookkeeping & Taxes for Your Short Term Rental
Bookkeeping is an integral part of a vacation rental business. This is because the government recognizes it as a business activity and levies income tax over the income earned by the owner. Companies like Airbnb, Booking.com, VRBO, and others have become very popular and more and more owners are using these platforms to earn attractive incomes from their properties. Here are some useful tips to save your hard-earned money from being charged as tax by the government.
Learn the 14-day Rule
You are not required to pay any tax on your income if it has been rented out for no more than 14 days in a given year. For this rule to apply, you must have lived in the same property for at least 14 days. However, be careful that you do not rent out your home for more than 14 days as otherwise, your income attracts income tax.
There are Some Exceptions Regarding Rooms
You cannot rent out one room in your property and hope to get exemption just because you continued to live in...
Episode 060 - THE BEST OF "The 23 Things You MUST HAVE in Your Short Term Rental (For Your Guests)"
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SHOW NOTES & LESSONS
This is a traveling week for Michelle and it's also our first "Best of" Episode!
Listen and somewhere in the middle of this podcast, you'll hear Michelle give you a secret word to collect a special FREE GIFT on next week's all-new episode. Thanks for being a loyal listener. God Bless You! Go and grow!
For Safety and Security:
01) Emergency Contact Card (Contact Information Sent by Email, Text, and Posted Clearly)
02) Fire Extinguisher (Right by the Stove)
03) First Aid Kit
04) Smoke Detector
05) Carbon Monoxide Detector
For Guest Comfort and Overall Happiness:
06) Super-Fast Wifi (Password Sent by Email, Text, and Posted Clearly)
07) Comfortable Mattress (Consumer Reports #2 Rated is only about $500-$700)
08) Smart Television (Plus Cable, if High End)
09) Bluetooth Speakers
10) Charging Stations
11) Smart Locks for Easy Entry (For You as much as Guests)
12) Climate Control Directions (Keep Your Guests Comfy)
13)...
