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)...
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...
Cheap Security Upgrades Your Guests Will Love
If you are running a Short-Term Rental Business, your focus is always on providing comfort and safety to your guests, along with any amenities that you can provide.
It’s obvious that many guests book vacation rentals based on the price listed. Others book based on amenities offered. Location is always critical in the majority of our bookings. What you may be ignoring or overlooking is the concern of the guests for their safety and security. Many pay particular attention to the security features of the property as much as their own comfort during their stay. Here are some inexpensive security upgrades that your guests will love and which may help increase your bookings.
Replace Ordinary Door Locks with Strong Locks
You may not think much of the blocks on the doors of rooms, but your guests get a very safe feeling when they see strong door locks on strong doors that are difficult to break in. On the other hand, nothing makes...
Episode 032 – Prostitutes and Drug Dealers and Bachelor Parties! Oh, my!
SHOW NOTES & LESSONS
First, a lesson on Capitalism. What is Compassionate Capitalism?
A wonderful book by Rich DeVos that describes how True Capitalism promotes growth through competition.
Donut Shop #1 Donut Shop #2 Donut Shop #3
Amazing Taste Average Taste Lousy Taste
Priced Higher Priced Lower Priced Higher
First, Capitalism allows competition by allowing anyone to own a business.
Second, products and service determine whether or not a business...
How NOT to Let Human Traffickers Rent Your STR Property
FACT: THERE ARE MORE SLAVES IN THE WORLD TODAY THAN EVER BEFORE
Slavery is alive, well, and thriving in the world today. It is thriving in the world of Human Trafficking and your Short Term Rental may be a target for the criminals of the third largest and extremely profitable of all Illegal Industries, Human Trafficking. Every 30 seconds, someone's child is taken and becomes a part of this dark and unspoken world.
The three most profitable crime industries are:
#1 - Drugs
#2 - Weapons
#3 - Human Trafficking
Why would a Human Trafficker be interested in my Short Term Rental property?
It is becoming a world of surveillance and in the crime industries, that's not a good thing. Cameras in hotels and motels are more and more common for security purposes but this makes it difficult for pop-up brothels to run their businesses across the US and the world.
Tens of thousands (that's no exaggeration and possibly an underestimation) of...
Episode 024 - LLCs: How to Form Them, Use Them, Pick Your Taxation and Why
SHOW NOTES & LESSONS
Find out more about Garrett Sutton at his website, CorporateDirect.com. You can pick up his free guide, The High Cost of Cheap Corporations, there. Also, you can apply for a free 15-minute consultation.
Garrett is also the author of several MUST-HAVE books for your library. My favorite is Loopholes of Real Estate but I don't think I would be anywhere without Own Your Own Corporation, Buying and Selling a Business, and Writing Winning Business Plans.
WHAT BOOKS, PRODUCTS, SERVICES, OR LINKS WERE MENTIONED...
Also, if you would like to try WAVE Financial, you can go to their website, WaveApps.com, and check them out.
Please use our Affiliate Links whenever possible and help support the show. Thank you!
Here are just a few of Garrett Sutton's amazing books that Michelle referenced in today's podcast. Note, these are...
