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.
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.
Forums are a Great Place to _____________.
A. Learn from other Hosts.
B. Bitch to and with other Hosts.
C. Learn from Guests' Experiences.
D. All the Above (Hint: This one!)
Nest is a great way to control your units when there's no one in them.
An AC unit works best when it's set no lower than 68 degrees. Under that and you're asking for trouble because that's when units will start to freeze up, which could potentially harm your unit.
What is the definition of Host?
What is the definition of Guest?
Be a gracious host and allow your Guests to be comfortable.
A locked thermostat screams, "I don't care if you are comfortable!"
Stop the Madness!!
01) No Smoking
02) No Pets
01) Back to Basics
Take a look at your Headline/Title of your Listing. Does it highlight your best feature?
What about your photos? Please, tell me you had them taken by a professional.
02) Know Your Competition
Use sites like AirDNA to keep an eye on your competition. What is their average room rate? What is their occupancy rate? Put a spy in their camp!
03) Don't Compete for Last Place!
You can't win the game of undercutting your competition, so don't even try to go there. Instead, be better and charge what you're worth. Use dynamic pricing tools like Wheelhouse to price your units.
04) Make Your Place SHINE!
Use a theme or and anti-theme to make your place stand out among the rest of your competition. Make certain your place looks amazing!
05) Go Above & Beyond in Service
Make certain that you offer something or do...
If you can't be there, just make a video of you teaching someone how to use one of your cool features - like a snow cone machine or a margarita machine*.
*make sure you buy a SquareTrade Warranty for those cool appliances and use security tape so you can tell when the machine has been used.
50 Shades of Gray
Rock n Roll/50's Diner/Sock Hop
Roaring 20's/Speak Easy
Board Games: Candyland, Monopoly, Risk...
Video Games: Mario Bros., Pacman, Fortnite, Minecraft, Zelda...
Theme Parks: Disneyworld, Universal Studios, Six Flags, Sea World...
Western: Cowboys, Horses, Saloons, Westworld...
Books: The Hobbit, Harry Potter, Alice in Wonderland...
Superheroes & Cartoon Heroes: Ninja Turtles, Batman, Ironman, & on & on...
Brands: Oreo, Coke, Pepsi, Starbucks...
Holidays: 4th of July, Christmas, Halloween...
WHAT BOOKS, PRODUCTS, SERVICES, OR LINKS WERE MENTIONED...
Here are the books Michelle referenced in today's podcast. Note, these are Affiliate Links.
[00:00] 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.
[00:22] Hi, this is Michelle and I'm here with a short term rental revenue podcast and today we're going to talk about the types of short term rentals that you can have. Most people, when I'm talking, I'm thinking of one type of rental and then somebody said something in a comment and I was like, oh my goodness, I have not touched on this very well. Have I? So today, I wanted to make sure I clarified. There are so many types of short term rentals. Now when I'm talking about short term rentals, I'm usually talking about an entire property. Every single one of my short term rentals are...
Audible is offering a free audiobook download with a free 30-day trial to give you the opportunity to check out their service. To download your free audiobook today, go to audibletrial.com/STRRevenue or just click on the image above. Audible is a proud sponsor of the Short Term Rental Revenue Podcast.
We've got something AMAZING in store for this year's class! You won't believe all of the trainings and videos that we've added... plus
We've added interviews with some amazing experts in all areas of our business. People to help you build and grow what could potentially be the very business that carries you to financial freedom!