Get Paid For Your Pad | Airbnb Hosting | Vacation Rentals | Apartment Sharin‪g‬ Jasper Ribbers

Yesterday we announced our brand new virtual event, From Host to Successful Hospitality Brand. 
If you haven’t registered yet, do so now, because we’re opening up our private FB group where we’re going to start dripping out free content. 
In addition, you can connect with the experts that will be leading the training prior to the event. 
A bit more about the event...
There are thousands of types of homes in the world. One home can look completely different from another one. 
But, every home has doors, windows, a foundation and a roof. 
We have discovered that this is true for successful short-term rental companies too. 
They are all different, but there are three ingredients they all have:
1) A clear VISION. 
2) Streamlined OPERATIONS. 
3) A focus on SCALE.
And we're going to dive deep into these three pillars on our upcoming LIVE virtual event on March 18th-19th.
Click here to grab your seat (it's free)
You don't want to miss this one!

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As you know, Eric and I have been working together for a few years now building different products and events for the short-term rental industry.
To better serve our mission, we've officially partnered to bring all of our brands and products under one umbrella.
We're calling our company...Overnight Success! 
If you're reading this, you're one of the first people to hear about our rebrand.. 
Through Overnight Success, we're able to drive more value, and help hosts from around the world achieve freedom through building the hospitality businesses of their dreams. 
We have a lot in store for you and the S.T.R. industry this year, and we're excited to be on this journey with you.
Stay tuned! 
Check out our new site at www.overnightsuccess.io.

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As of December 7, 2020, Airbnb hosts who use third-party property management software are required to use Simplified Pricing (unless your listings are in the US, Canada, Mexico, Argentina, Taiwan, Uruguay or the Bahamas). This means there will be no service fee visible to the guest, and the host will pay 15%. So, how can you adjust your pricing to accommodate this new policy?
Anurag Verma is the Cofounder at PriceLabs, a dynamic pricing tool and market data resource for short-term rental hosts. PriceLabs uses a data-driven approach to help STR operators manage pricing and stay restrictions, growing their revenue in the process. Anurag has eight years of experience in the travel industry, and he is an expert in the field of in revenue management.
On this episode of Get Paid for Your Pad, Anurag joins me to discuss how to adjust your rates to accommodate the new 15% Airbnb host fee. He explains how the length of stay and lead times have shifted in the COVID era, offering advice for STR hosts around how to optimize revenue in an uncertain time. Listen in for Anurag’s insight on leveraging market data to make pricing decisions and learn how YOU can benefit from using the PriceLabs revenue management platform!

Topics Covered
How to adjust your rates to accommodate the 15% host fee
Raise prices in order to keep your payout the sameGo through the math carefully, use PriceLabs blog
The two STR variables that have changed in the COVID era
Length of stay increase (double in some locations)Lead time shorter, booking rush 2 to 3 weeks out
Anurag’s advice on planning if you’re in a summer market
Go ahead and raise rates for summerMonitor market data, lower prices as necessary
What STR hosts are doing to generate more bookings
Offer discounts to guests who extend their stayShare discount code with previous guests
Why STR guests have more flexibility right now
Ability to do remote work from anywhereNo penalty to change flights
Anurag’s tips for optimizing your revenue in 2021
Use market trends to adjust last-minute pricingDon’t discount TOO much and don’t panicExperiment with one property to see what works
How PriceLabs’ Market Dashboard feature works
Enter address and select radiusReceive email as trends change
How to use market data for strategic pricing decisions
What kind of bookings are happening?Am I getting that kind of booking?Will I benefit from that kind of booking?How can I attract bookings like that?
The benefits of leveraging the PriceLabs platform
$10 flat fee for Market DashboardDynamic Pricing based on # of properties
Connect with AnuragPriceLabs [Code GPFYP]

ResourcesSTR Legends
Airbnb’s Simplified Pricing Guidelines
PriceLabs’ Blog on Adjusting for the 15% Host Fee
Jasper’s Price Adjustment Calculator
PriceLabs’ Market Dashboards
Get Paid for Your Pad on YouTube
Email jasper@getpaidforyourpad.com

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We all know that you can save money by buying in bulk. And most short-term rental hosts do try to negotiate discounts when we purchase multiple mattresses, rugs or couches for our units. But what if you could leverage the purchasing power of, say, 50,000 STR hosts AND have someone else do the negotiating for you? What if you could get up to 75% off the furniture and amenities you need to set up and manage your Airbnb units?
Jeff Iloulian is the Cofounder and CEO of HostGPO, the first international group purchasing organization for the short-term rental industry. Jeff’s team helps professional vacation rental managers save time and money by offering access to exclusive deals on furniture, mattresses, linens and STR amenities. Jeff has nearly ten years of experience as a host himself, running as many as 150 units in Southern California.
On this episode of Get Paid for Your Pad, Jeff joins me to discuss the benefits of joining HostGPO, sharing the conditions for becoming a member and some of the brands HostGPO partners with. He walks us through the process of ordering through HostGPO and explains the minimum requirement for purchases. Listen in for Jeff’s advice for hosts moving into 2021 and learn how you can save up to 75% on furniture and amenities for your STR units!

Topics Covered
Jeff’s advice for vacation rental managers moving into 2021
Be strategic in choosing marketsFocus on professionalism, unit integrity
How Jeff thinks about the trend toward secondary markets
Temporary thing caused by COVIDDrive-to destinations will be popular for 3-4 years
How hosts can save up to 75% through HostGPO
Join pool of professional hosts (negotiate as group)Get discounts on furniture, mattresses, linens, etc.
The cost and conditions of joining HostGPO
First year free (fee will depend on # of units)Must have at least 3 STR units
Some of the brands HostGPO partners with
Williams-Sonoma, West Elm and Pottery BarnHelix Sleep, Brooklinen and Standard TextilesWorld Amenities and Public Goods
The requirements around minimum purchases
No minimum amount for most vendorsSome partnerships geared toward larger orders
How much hosts save through HostGPO
Average member saves 50% on new unit setupDiscounts range from 35% to 75%
The benefits of joining HostGPO
Purchasing power of all 50K membersNo commitment to buy through groupProducts for high-end or value unitsAccess to hospitality-optimized goodsStill allows for individualityDiscounts already negotiated for you
How it works to order products through HostGPO
Some vendors offer coupon codeOthers require purchase order
How HostGPO’s conditions differ from buying full-price
Same product warrantiesReturn policies waived in some cases
What Jeff wishes he would have known from the start
Don’t be too conservativeSet up better quality unit for much higher return
Connect with JeffHostGPO

ResourcesSTR Legends
Eric Moeller
Host GPO’s FAQ Page
Host GPO’s List of Vendor Partners
Email jasper@getpaidforyourpad.com

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Travel has changed in the pandemic era. While it’s harder to make plans in advance, many are taking advantage of the ability to work from anywhere and driving to nearby sun-and-snow destinations. So, what can we do to learn how our particular market has changed and adjust our pricing to take advantage of these trends?
Andrew Kitchell is the Founder and CEO of Wheelhouse, a platform designed to help short-term rental hosts manage their units as professionally and efficiently as a major hotel. The Wheelhouse software offers revenue management tools and market insight reports to support STR operators in creating a custom pricing strategy that works for their business. Andrew is a serial entrepreneur with more than a decade of experience building startups in the vacation rental and real estate data space.
On this episode of Get Paid for Your Pad, Andrew joins me to discuss how COVID is driving travel trends in 2021. He describes how lead times have shifted, explaining how to analyze lead time data for your market and adjust your pricing accordingly. Listen in for Andrew’s insight on how length-of-stay patterns have changed and learn how to leverage dynamic minimum stays to fill gaps in your calendar and maximize your revenue in the new year!

Topics Covered
How COVID is driving travel trends in 2021
Harder to plan in advance = shorter lead timesAbility to work from anywhere = longer stays
How Andrew defines lead time for short-term rentals
How far in advance guests book your STRBest way to see how market values your property
How to analyze lead time data for your market
Compare your lead times with market averageSelling too far in advance means it’s underpriced
How lead times have changed in 2021
General trend to shorter lead times ( 20 days out)Popular drive-to destinations = longer lead times
What Airbnb host accommodations are earning more revenue
Flexible cancellation policyPet-friendly units
How length-of-stay patterns have changed in 2021
Guests staying longer in most marketsTrend toward extended bookings
How to maximize STR revenue with dynamic minimum stays
Don’t take short bookings far in futureSet minimum slightly higher than market averageDecrease minimum stay as dates get closer
How to deal with gaps in your STR calendar
Offer discount for guest staying just before gapUse Wheelhouse to auto adjust minimum stay
The new features available through Wheelhouse
Market Reports came out Q4 of 2020Beta testing Competitive Set Tool
Connect with AndrewWheelhouse [Referral Code PAD]
Email andrew@usewheelhouse.com

ResourcesAndrew on GPFYP EP365
Pet-Friendly STRs on GPFYP EP358
Wheelhouse Market Reports
STR Legends Mastermind
Airbnb Cancellation Policy Trends
Andrew’s Demo Videos
Email jasper@getpaidforyourpad.com

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We experienced an unprecedented drop in GDP in 2020 and record unemployment numbers. And yet, the real estate and stock markets seem to be doing fine. So, how do we make sense of this discrepancy? What is the economic outlook for 2021 and beyond? And is now a good time to invest in short-term rental properties?
Jason Hartman is the creator of The Empowered Investor and host of the Creating Wealth Show. He has spent the last 17 years helping people achieve financial freedom through real estate investing. Jason has been involved in thousands of real estate transactions and owned income properties of his own in 11 US states. He is also the author of the eBook Pandemic Investing: How to Turn Fear Into Profit.
On this episode of Get Paid for Your Pad, Jason joins me to share his outlook on the global economy, discussing why the real estate and stock markets are booming despite record unemployment. He describes how STR investors can benefit from what he calls inflation-induced debt destruction, explaining why right now IS a good time to invest in real estate and when a mortgage is not a liability—but part of your asset. Listen in for Jason’s prediction around the future of the housing market and get his advice on aligning your interests with ‘the powers that be’ by investing in STR income properties!

Topics Covered
Jason’s insight on what is happening in the global economy
Record drop in GDP and unprecedented unemploymentGovernments creating money = markets booming
How Jason thinks about the uneven economic recovery
Service industries hit hard, information jobs doing wellWider gap between rich and poor (bad for society)
How we can benefit from inflation-induced debt destruction
Take advantage of 30-year, low fixed-rate mortgagesPay back with cheaper money in future due to inflation
What makes now a good time to invest in the STR market
Drive-to markets with low density thriving in pandemicLinear and hybrid markets safer bets than cyclical
When a mortgage is not a liability but part of your asset
30 years to pay off at artificially-low fixed rateCreate wealth over time as value of USD drops
Jason’s prediction around the future of the housing market
Mortgage rates will eventually HAVE to go upSupply constrained more and morePeople will stay put or keep properties as rentalsNew supply will have to be built
How governments are likely to respond to ongoing unemployment
Expansion of rental housing assistance programsPush to universal basic income (control spending)
Jason’s advice for short-term rental real estate investors
Align interests with governments and central banksIncome properties most proven asset class in world
Connect with JasonEmpowered Investor
Pandemic Investing
Creating Wealth Show

ResourcesSTR Legends Mastermind
Cantillion Effect
Eric Moeller
Section 8
Andrew Yang
1984 by George Orwell
Email jasper@getpaidforyourpad.com
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