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:
-
- 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.
WHAT BOOKS, PRODUCTS, SERVICES, OR LINKS WERE...
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!
WHAT BOOKS WERE MENTIONED...
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...
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...
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...
Episode 044 – 5 Ways to Stay Ahead When the Competition Gets Tough
SHOW NOTES & LESSONS
5 Ways to Stay Ahead When the Competition Gets Tough
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...
How to Launch Your Vacation Rental Business
Running a vacation rental business seems attractive and easy but it is not a cakewalk for most owners. You must be prepared to face stiff competition from not just hotels and hostels in your area but other vacation rental owners in attracting guests to your property. You must spruce up your property and provide amenities that appear attractive to potential guests.
Here are some useful tips to keep in mind when launching your vacation rental business.
Use More Than One Platform
I use two platforms for my properties. One is great in the west and the other is better in the southeast. The success of your vacation rental business depends upon whether you can reach your target group of guests or not. By using different platforms, one at a time or more, you can make sure that your property becomes visible to all tourists coming to your area whenever they conduct a search online. In addition to listing your property on Airbnb and other short-term...
Episode 039 – Theme Your BNB to Add Value
SHOW NOTES & LESSONS
THEMES WE FOUND ON THE INTERNET:
Castles
Tree Houses
Safari
Honeymoon
Ocean
50 Shades of Gray
Rock n Roll/50's Diner/Sock Hop
70's/80's Themed
Roaring 20's/Speak Easy
Wine Cellar
Cruise Ships
Vegas
Farming/Sustainability
Eco-friendly
Futuristic
Space
Soda Parlor
Arcade
Circus
Carnival
Fun House/Magic
THEMES TO EXPAND ON:
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...
Please use our Affiliate Links whenever possible and help support the show. Thank you!
Recommended...
Episode 012 - What One Thing Has the Most Impact on Your Bookings?
[00:01] Over the last two centuries, nearly 90 percent of the world's millionaires and 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 this is the short term rental revenue podcast and in today's episode we are talking about something that is extremely important. Actually, it might be the most important part of getting guests, of obtaining new guests and getting people to come to your property. What do you think it is? And it doesn't matter, really. Let's, Let's clarify. It doesn't matter what platform you're using. You can be using Airbnb, vacation rental by owner Homeaway. It doesn't really matter the platform. Don't use craigslist. Okay? I'm, I'm asking you not to politely because craigslist, God bless, craigslist, that guy who started that, what a...
