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Episode 053 – Knowledge Does NOT Equal Power

mindset Aug 12, 2019
 

SHOW NOTES & LESSONS

 

Why Doesn't Knowledge Equal Power?  Or Understanding?

I tend to think a little farther than the guy from the video because his brain DOES understand it.  It just can't do it - yet.  8 months later, it clicks!

Just because you know something doesn't mean you understand it. Just because you understand it doesn't mean that you have the ability to make it work.

 

Think About the Guys Who Built the Bike in Our Story...

Although the KNEW that moving the handlebars left would turn the front wheel right, and vice versa, didn't mean they could do it. Plus, they understood the mechanics of it completely. However, it still took six long months to "retrain" their brain!

 

Schools Are Built to Create Employees - This is NOT a Secret!

If you want to become a Business Owner or Investor, you have to start to think like a Business Owner or Investor. You must re-train your brain - rewire those old pathways and ACT like a Business Owner...

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Episode 052 – Creating Family-Friendly Stays: How to do It and Why it Means More Money for You

 

SHOW NOTES & LESSONS

If a family likes your home and they enjoy their vacation destination, they can potentially come back year after year after year!  Make certain you do all you can to make your place family-friendly so you can build that "fan base."

Provide Safety and Security

Cover Sharp Corners and Secure Furniture

Have Gates for the Staircase

Toys and Games

Have Essentials for Children and Infants

·        High Chair

·        Portable Crib

·        Inexpensive Strollers

·        Baby Bath

·        Baby Monitors

·        Sippy Cups

Offer Discounts on Next Year's Booking

 

Get This Episode's Show Notes in a pdf form...

Go To Our Download Page 

Show Transcript

[00:01] Over the last two centuries, nearly 90...

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Outdoor Amenities That Will Help Attract Guests

 

Summer season is in full swing and tourists are out there enjoying warm weather and beaches. As a Short-Term Rental or Vacation Rental Owner, you know to take advantage of the season your region is known for to maximize your profits.  When you’re in a sunny area, like Florida, this is it.  When you’re in skiing country, it’s the winter.  But what attracts guests to other Areas?  What attracts them to the mountains?  More importantly, what will attract them to your property?

 

You can attract more guests to your property if you offer some exciting outdoor amenities to them.  Outdoor spaces in a property, whether it is in a mountainous region or near a beach, allow guests to have more fun during their stay.  You can score more bookings by adding these outdoor amenities to your property.

 

A Swimming Pool

 

Whether it belongs to your community or is in your back yard, a pool equals fun in warm destinations.  It...

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Episode 051 – Outdoor Spaces That Create Repeat Guests

 

SHOW NOTES & LESSONS

 

Outdoor spaces in a property, whether it is in a mountainous region or near a beach, allow guests to have more fun during their stay.  You can score more bookings by adding these outdoor amenities to your property.

 

What type of Outdoor Areas can attract Guests?

Swimming Pools in warm areas.

Jacuzzi and hot tubs in both, warmer and cooler climates.

Gardens, like a zen garden or just some chairs to chill.

Outdoor playgrounds for children or lots of toys for the pool.

A place for our four-legged furry friends.  If you allow pets, have a space outside (and in!) just for them!

An eating area is fantastic and if you can add a grill, it's even better.

 

Also, place these features prominently in your listings!  You want things in your title and on that first picture so you can get potential guests to look deeper into your property. 

 

NOTE:  Don't allow fear to dictate whether or not...

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Episode 050 – Safety Features Your Guests Will Love & Appreciate

 

SHOW NOTES & LESSONS

Many Guests pay particular attention to the security features of the property as much as their own comfort during their stay.

01)  Ring Security Cameras

02)  Surveillance Cameras 

03)  Security Screens from Security Screen Masters

04)  Screen Door Bars and Locks

05)  Door and Window alarms (See link with 10-pack for $14.97)

06)  Replace Ordinary Doors & Locks with Strong Ones 

07)  Motion Sensing Lights (Solar don’t need hard wiring) 

08)  Reinforce Window Treatments

 

WHAT PRODUCTS  OR SERVICES WERE MENTIONED...

Please use our Affiliate Links whenever possible and help support the show.  Thank you!

https://www.securityscreenmasters.com/

Recommended Article or Blog Post Related to This Week's Podcast:

Cheap Security Upgrades Your Guests Will Love
https://www.shorttermrentalrevenue.com/blog/cheap-security-upgrades-your-guests-will-love

 

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Creating Videos to Promote Your Short Term Rentals

In this age of internet and social media, if you are not making clever use of digital marketing, you are certainly missing the bus on reaching some potential guests. This is particularly true for a business-focused Short Term Rentals. Obviously, we know the importance of professional pictures.  You must be using beautiful photos of your property to entice potential guests.  But… are you placing videos to promote your vacation rental, too? Videos catch the attention of large numbers of guests and have become very popular in the STR Industry, especially in vacation rentals.  It’s the latest trend!

 

Here are some tips to make the most of these promotional videos.

 

Photos are Good.  Videos are Better.

 

It is almost criminal not to make use of technology when it is available to you for free. By making promotional videos of your vacation rental, you can get two steps ahead of your competitors who are still trying to catch the attention of...

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Episode 049 - Youtube Shut Me Down - So, I called the President and he set up a hearing with Ted Cruz... (Nah, that was a coincidence}

mindset Jul 15, 2019
 

Sorry... No SHOW NOTES this week.

WHAT BOOKS & PRODUCTS WERE MENTIONED...

Please use our Affiliate Links whenever possible and help support the show.  Thank you!

Recommended Article or

 

Go To Our Download Page 

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 ride this wave with less risk and less capital while creating greater income, is your host, best selling author and Speaker, Michelle Russell.

[00:21] Hi, this is Michelle, the Master of Money Mindset, and you are listening to the Short Term Rental Revenue Podcast...

and in today's episode,Speaker 1: (00:29)
we're going to be talking about how I got kicked off of Youtube, how you can get kicked off of youtube and we can all be victims. But before I get into that, I just want to remind you that our show today is brought to you by audible. You can get your free audio...

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Episode 048 - How to Be a Good Neighbor and Why It's Important

 

  

SHOW NOTES & LESSONS

WHAT CAN A GOOD NEIGHBORS DO FOR YOU?

01) Provide Safety & Security for you & your Guests.

02) Help with things like a dead car battery, allowing maintenance men in, keep spare keys, sign for packages, and stocking your inventory.

03) Communicate with guests when you can't.

04) Give you peace of mind.

05) Advocate for you with HOA & other organizations.

06) Stop loud parties, too many people, things getting stolen, or other strange activities.

07) Increase your Network: people you know.

 

WHAT THINGS CAN YOU DO TO BE A GOOD NEIGHBOR?

01) Do things for your neighbors like mow their lawns, bring over fresh baked goods, or get them souvenirs from your travels.

02) Show pride of ownership & take care of your property & theirs.

03) Be respectful & polite at all times.

04) Add rules so your guests are respectful, too. No pets or parties.

05) Let them know the Comings & Goings. Keep them informed.

06)...

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Episode 047 – Lessons from the California Exodus

 

 

SHOW NOTES & LESSONS

OVER 5 MILLION PEOPLE HAVE LEFT CALIFORNIA NOW DUBBED "THE CALIFORNIA EXODUS"

Although people are moving into the state while others are moving out, Cali has still lost more than 1 million people and the population continues to shrink.

 

Who's moving in?

Those making $200,000 plus per year with higher education from tax-burdened states like New Jersey, New York, and Illinois (also seeing massive Exoduses).

 

Who's moving out?

Those making $55,000 and below with no college education.

 

Where are they moving to?

States with much more affordable housing like Texas, Arizona, Nevada, and Oregon.

 

CALIFORNIA HAS 5 OF THE TOP 10 MOST EXPENSIVE RENTAL MARKETS

 

What a One Bedroom Rents for in:

Los Angeles $2249 month

San Francisco $3400 month

Las Vegas $925 month

Phoenix $945 month

 

What a Two Bedroom Rents for in:

Los Angeles $3200 month

San Francisco $4500 month

Las Vegas $1122 month

Phoenix $1137 month

...

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Investing in Out-of-State Real Estate

Investing in Out-of-State Real Estate

 

Buying real estate rarely goes smoothly, and buying property out-of-state has even more potential challenges. If you are planning on renting property out-of-state, there are similar challenges involved.  However, either are entirely manageable if the potential trouble areas are planned for and addressed.  Many people rent and own property out-of-state, and you can too. 

 

Also, whether you decide to buy a property or rent it, let’s just call it what it is: Controlling the Property.  Whether you rent or own, you are “controlling” the property in order to run a Short-Term Rental Business out of it and you must be able to “control” the use of that property within the eyes of the law.

 

Reasons for Buying Out-of-State Real Estate

 

There are several reasons why you might consider owning or renting a property in another state. Maybe local real estate prices are simply too high...

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