Programas de podcast de Hospitality.FM - Apple Podcasts

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HACE 5 DÍAS

How To Transform Your Guest Experience with Sam Rubin

Bill welcomes Sam Rubin, the founder of the top luxury concierge service, DONE Concierge Service, based in Park City. Sam shares his journey from the restaurant business and email marketing in Huntsville, Alabama, to managing a high-end ground transportation company and luxury concierge service. Sam discusses the importance of exceptional guest services, such as personalized grocery deliveries and transportation, and how they can elevate short-term rental experiences. He emphasizes the value of building relationships over transactions and offers practical tips for property managers to implement similar services. The episode also highlights how these premium services can transform guest impressions and lead to increased bookings and revenue. stayfi.com/bill Discount code: BILL https://www.marketmystr.com/ 00:00 Introduction to Bill Faeth Unfiltered 00:14 Revolutionizing Bookings with StayFi 01:10 Exclusive Offer: 50% Off StayFi 01:50 Special Guest: Sam Rubin 02:41 Sam Rubin's Journey to Park City 08:03 From Uber Driver to Luxury Transportation 11:03 Navigating COVID with Tony Hsieh 15:29 Expanding Services with Abode 18:16 Launching DONE Concierge Services 19:39 Catering and Family Meals for Large Groups 20:15 The Importance of Connections in Service Delivery 21:30 Enhancing Guest Experience with Personalized Services 22:11 Innovative Grocery Delivery Solutions 27:13 The Impact of First and Last Impressions 29:29 Starting Concierge Services: Tips and Advice 31:21 Monetizing Additional Services 37:07 Conclusion and Final Thoughts ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508 • Check Out Our website: https://buildstrwealth.com/ • Bill’s Instagram: https://www.instagram.com/billfaeth73 • Brea’s Instagram: https://www.instagram.com/breafaeth/ • TikTok: https://www.tiktok.com/@bfaeth On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #STRUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

hace 5 días

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39 min
HACE 3 DÍAS

October STR Market Performance and Election Impact Analysis

In this episode of the STR Data Lab, Jamie Lane, Chief Economist at AirDNA, VP of Marketing Scott Sage discuss the October performance of the short-term rental market. The conversation starts with a brief discussion on the 2023 U.S. election results and its potential implications for the industry. They report strong occupancy growth for October with demand remaining stable, and highlight the overall positive trends in RevPar, available listings, and total demand nights. Despite some variations in occupancy increases due to supply changes, they note that demand has surged, particularly influenced by slower supply growth due to high mortgage rates. Regulations also impact supply trends, especially in urban and coastal markets. The hosts analyze unemployment rates, the Federal Reserve’s interest rate cuts, and their impact on the real estate market. They also emphasize the significance of the Christmas and New Year holidays on booking rates, noting a two-week period of high demand thanks to the date placement this year. Additionally, they touch upon rate setting strategies for hosts and mention cautious observations on RevPar decline in small city and rural markets despite overall national growth. The episode wraps up with a high-level overview of the 2025 outlook report, discussing expected trends influenced by decelerating supply growth and constant demand. You don’t want to miss this episode! ~~~~ Signup for AirDNA for FREE👇 https://app.airdna.co/data ~~~~ Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ~~~~ Connect with Scott on LinkedIn: LinkedIn: https://www.linkedin.com/in/sagescott ~~~~ Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram: LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co Instagram: https://instagram.com/airdna.co ~~~~ Find AirDNA at these upcoming events! https://www.airdna.co/events-airdna Episode 108

hace 3 días

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25 min
HACE 3 DÍAS

Buying & Selling BnB's Based on Revenue

Bill and Kenny highlights the importance of buying properties based on their intrinsic value rather than inflated revenue figures. Kenny Bedwell criticizes realtors who sell properties based on gross income rather than actual value and cautions against over-reliance on revenue projections. They stress that banks do not view single-family homes as commercial assets and will not provide loans based on cap rates. Faith and Bedwell advise potential investors to base their decisions on comparable market values and to be realistic about their revenue projections. They also discuss the risks of Black Swan events, such as natural disasters, affecting property value and revenue. The episode underscores the need for thorough market analysis and consideration of appreciation rates. Both hosts advocate for a balanced investment approach, considering cash flow, tax savings, appreciation, and principal paydown. They warn that relying solely on revenue can lead to overpaying and financial difficulties if the market shifts. The hosts share their experiences and emphasize the vital role of property appraisals in making sound investment decisions. They highlight the resilience of tourism markets in affected areas as potential investment opportunities. The episode concludes with advice on how to navigate revenue volatility and highlights the importance of having a solid investment strategy. The hosts encourage listeners to be honest with themselves about their capabilities and to rely on trusted data sources like AirDNA and STR Insights. They sign off by reminding investors to make informed decisions and prepare for both market opportunities and setbacks. https://www.marketmystr.com/ 00:00 Introduction: Challenges in Short Term Rentals 00:26 Welcome to STRonomics 00:28 Market My STR: The Ultimate Marketing Platform 01:26 Discussion: Buying and Selling Short Term Rentals 02:46 Real Estate Valuation and Investment Strategies 08:34 Impact of External Events on Investments 15:48 Conclusion and Final Thoughts We handle the day-to-day tasks of your short-term rental, giving you the freedom to grow your business and focus on the things that matter most. In the dynamic landscape of short-term rentals, success lies in the details. At STR Super VAs, we bring expertise to every facet of your business, ensuring those details are meticulously managed. Click here to learn more about how you can integrate VAs into your business! https://www.strvas.com/ Watch this podcast each Thursday on our YouTube Channel: https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA STR Data Hosts Facebook Page Instagram: Kenny_Bedwell You can find more of Bill online at: Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share<sid=660cbc9b-4a7e-4ed9-a654-900180b83af1 Build STR Wealth: https://buildstrwealth.com/ Instagram: @BillFaeth73 Tik Tok: @bfaeth Learn more about your ad choices. Visit megaphone.fm/adchoices

hace 3 días

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16 min
14 NOV

New Short Term Rental Purchase: Now what?

Bill and Kenny emphasize the importance of having a game plan when purchasing properties and qualifying them for material participation. They discuss the need to focus on value additions and timely refreshes to maintain property appeal. The conversation includes tax strategies, particularly around cost segregation and the potential benefits of expensing renovations in the year of purchase. The hosts provide examples from their experiences, such as managing operations during off-seasons and effectively scheduling and budgeting for property upgrades. They stress the importance of execution and planning in achieving successful short-term rental investments. The episode concludes with advice on maximizing property profitability and leveraging tax codes, along with a reminder to subscribe for more valuable insights. https://www.marketmystr.com/ 00:00 Introduction: The Challenges Facing Short-Term Rentals 00:11 Meet the Experts: Bill Faieh and Kenny Bedwell 00:28 MarketmySTR: The Ultimate Marketing Platform 01:26 Welcome Back to STRonomics 01:51 Post-Costing Season: What's Next? 02:46 Steps to Success: Setting Up Your Property 05:08 Understanding Cost Segregation and Material Participation 06:42 Tax Strategies and Renovation Tips 13:51 The Importance of Refreshing Your Property 18:06 Conclusion: Long-Term Planning and Tax Strategies We handle the day-to-day tasks of your short-term rental, giving you the freedom to grow your business and focus on the things that matter most. In the dynamic landscape of short-term rentals, success lies in the details. At STR Super VAs, we bring expertise to every facet of your business, ensuring those details are meticulously managed. Click here to learn more about how you can integrate VAs into your business! https://www.strvas.com/ Watch this podcast each Thursday on our YouTube Channel: https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA STR Data Hosts Facebook Page Instagram: Kenny_Bedwell You can find more of Bill online at: Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share<sid=660cbc9b-4a7e-4ed9-a654-900180b83af1 Build STR Wealth: https://buildstrwealth.com/ Instagram: @BillFaeth73 Tik Tok: @bfaeth Learn more about your ad choices. Visit megaphone.fm/adchoices

14 nov

•

19 min
14 NOV

The Essential Guide to Insurance for Short-Term Rentals with Nick Massey

In this episode of STR Data Lab, Jamie Lane, Chief Economist at AirDNA, explores the critical role of Short-Term Rental Insurance with Nick Massey, Director of Sales at Proper Insurance. Together, they unravel the complexities of securing insurance tailored to short-term rental properties and discuss practical steps for mitigating risks. Whether you’re an Airbnb host or a seasoned property operator, this episode dives into Climate Risk Insurance, Insurance for Airbnb Hosts, and why customized coverage is essential for protecting your investment. Nick brings his wealth of experience to the table, explaining why generic policies often fall short and how Proper Insurance takes a comprehensive approach to addressing the unique challenges faced by short-term rental operators. From securing coverage in high-risk areas to managing common liability claims, this episode is packed with actionable advice. Here’s What You Can Expect from This Episode: Why short-term rental insurance is essential and how it differs from traditional policies How climate risks are reshaping the insurance landscape Common liability risks for Airbnb hosts and ways to mitigate them The importance of loss-of-revenue coverage for STR operators Insights into choosing the right insurance provider You don’t want to miss this episode! ~~~~ Signup for AirDNA for FREE👇 https://app.airdna.co/data ~~~~ Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ~~~~ Connect with Scott on LinkedIn: LinkedIn: https://www.linkedin.com/in/sagescott ~~~~ Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram: LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co Instagram: https://instagram.com/airdna.co ~~~~ Find AirDNA at these upcoming events! https://www.airdna.co/events-airdna Episode 107

14 nov

•

54 min
12 NOV

Boost Bookings: Email Marketing for Short-Term Rentals

https://www.marketmystr.com/ https://go.buildstrwealth.com/movetheneedle Bill explores the power of email marketing to increase direct bookings for short-term rental properties. He shares practical strategies including leveraging tools like StayFi for email capture and Market My STR for comprehensive marketing automation. Bill emphasizes the importance of building a 200-day email funnel to foster repeat bookings and discusses how integrating personalized content and multiple communication channels can enhance guest loyalty. He also offers insights into using research tools like ChatGPT and Jasper.ai for creating effective marketing content. The episode provides actionable steps to turn short-term rental businesses into profit-generating and future-proofed ventures. stayfi.com/bill Discount code: BILL 00:00 Introduction to Email Marketing for Short-Term Rentals 00:17 The Power of Repeat Bookings 00:54 Email Marketing: The Key to Direct Bookings 01:20 Tools for Effective Email Marketing 01:58 Building a 200-Day Email Funnel 03:16 Using AI for Research and Copywriting 05:58 Content Strategy for the 200-Day Funnel 13:28 Personalization and Automation 16:03 Conclusion and Next Steps ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508 • Check Out Our website: https://buildstrwealth.com/ • Bill’s Instagram: https://www.instagram.com/billfaeth73 • Brea’s Instagram: https://www.instagram.com/breafaeth/ • TikTok: https://www.tiktok.com/@bfaeth On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #STRUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

12 nov

•

17 min
HACE 5 DÍAS

The Midterm Rental Shift: Insights and Innovations with Vivian Yip

Tired of the constant churn and unpredictability of Airbnb and short-term rentals? It might be time to explore mid-term rentals! In this must-listen episode, I sit down with the "Queen of Midterm Rentals," Vivian Yip, as she shares her journey from the corporate world to mid-term rental success. Vivian unveils the strategies behind her incredible growth, from managing booking calendars to dynamic pricing and guest screening techniques, all tailored for mid-term rental excellence. Gain powerful insights into how mid-term rentals offer a stable, profitable alternative to short-term investments. Whether you’re an Airbnb host looking to diversify or an investor ready to expand into new rental opportunities, this episode provides essential knowledge to help you maximize your income potential and navigate this evolving industry with confidence. Tune in and take the first step toward transforming your rental strategy! HIGHLIGHTS AND KEY POINTS: [01:44] A short introduction about our guest Vivian Yip [03:42] Vivian’s talks about the challenges with OTAs and why she shifted to Midterm Rentals [06:00] The creation of the Hestia brand to represent high-quality midterm rentals [07:21] Vivian talks about Hestia and how hosts can join the network [09:43] Vivian reflects on her transition to midterm rentals and the changes it brought to her property management approach [11:34] How Vivian effectively manages midterm rentals and the differences with STR [12:56] The guest screening process in the MTR space when dealing with last-minute bookings [16:13] Vivian shares the strategies in managing calendars and pricing for midterm rentals [20:07] Vivian discusses the demand for midterm rentals and the current state of the market [22:52] The importance of strategic planning and key considerations when investing in single-family homes for midterm rentals [28:15] What are the best practices for cleaning MTRs in comparison to STRs [30:40] How Vivian see the future of the MTR space with the development of a new OTA [31:49] The lightning round Golden Nuggets: “Screen your clients or screen your guests, because in midterm rentals, now you're moving into tenancy, and you're not properly screening them, you're going to have a problem.” “"Calendar management is the most important thing you can do in the midterm rental space.” “When someone makes a booking with you on Airbnb, the terms and conditions are between the guest and Airbnb. The terms and conditions are not between you and the guest. So signing on to a property management system is going to be a huge benefit to your midterm rental business, because now there's a contract between you and the guest.” Enjoyed the show? Subscribe, Rate, Review, Like, and Share!

hace 5 días

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40 min
8 OCT

How To Become The #1 Airbnb In Your Market (5 Key Tips)

https://go.buildstrwealth.com/movetheneedle Bill outlines a comprehensive guide to becoming the number one property in your market by focusing on location, views, proximity, unique amenities, and guest-centric design. With specific examples from successful properties, it highlights the importance of a best location that cannot be replicated, ensuring top views, proximity to desired attractions, and offering distinctive amenities. The focus is also on designing for an ideal guest persona, such as 'Wealthy Wendy,' to create an appealing and marketable property. BIll concludes with three bonus strategies, including buying properties wisely, innovating with unique amenities, and leveraging a strong guest profile. stayfi.com/bill Discount code: BILL 00:00 Introduction: Becoming the Top Property in Your Market 00:24 Tip 1: Best Location 02:19 Tip 2: Top Views 04:50 Tip 3: Proximity 06:40 Tip 4: Unique Amenities 10:38 Tip 5: Design for Your Ideal Guest 11:37 Bonus Tips for Success 14:25 Conclusion and Final Thoughts ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508 • Check Out Our website: https://buildstrwealth.com/ • Bill’s Instagram: https://www.instagram.com/billfaeth73 • Brea’s Instagram: https://www.instagram.com/breafaeth/ • TikTok: https://www.tiktok.com/@bfaeth On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #STRUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

8 oct

•

16 min
7 NOV

Revolutionizing Property Management Using AI with Besty AI Founder, Sam Dundas

In this episode of the STR Data Lab, Jamie Lane, Chief Economist at AirDNA, welcomes Sam Dundas from Besty AI. Sam explains how his background as a property manager led him to create Besty AI, which provides automation for PMS systems. They discuss the company’s rapid growth, reaching 17,000 paying properties within a year and nearing a million in revenue. Their success is attributed to AI applications that streamline guest communications, task management, and review analysis. He notes that Besty AI focuses on integrating practical AI applications directly into PMS, rather than offering separate tools, making adoption easy for users. He talks about starting from simple automation, like addressing common guest questions, and gradually enhancing functionality. Sam also highlights the importance of reliability over coverage in AI responses. They delve into the evolution of automated messages and the balance between efficiency and personalization. Future developments include deeper integrations and expanding revenue-generating features. Despite tech advancements, Dundas believes personal touch remains crucial. The discussion also touches on the varying scalability among PMS platforms and the potential industry impact of major players like Airbnb. Looking ahead, Sam envisions significant improvements in AI’s role in property management, driven by both technological advancements and customer needs. Integration with more PMSs and entering the hotel space are seen as future growth areas. The podcast concludes with an outlook on the evolving landscape of property management and AI’s role in it. You don’t want to miss this episode! ~~~~ Signup for AirDNA for FREE👇 https://app.airdna.co/data ~~~~ Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ~~~~ Connect with Scott on LinkedIn: LinkedIn: https://www.linkedin.com/in/sagescott ~~~~ Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram: LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co Instagram: https://instagram.com/airdna.co ~~~~ Find AirDNA at these upcoming events! https://www.airdna.co/events-airdna Episode 106

7 nov

•

50 min
HACE 4 DÍAS

Jordan designed 300 Airbnbs in two years

Jordan McDonough is a Co-Founder of Somerled Designs (a short term rental design company). Her and Jeremy sit down and have a convo about how she has helped build a design power-house with 60 employees in two years. Learn how she built her company and how her clients are having success launching high-potential Airbnb's.

hace 4 días

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58 min

Hospitality.FM is the leading podcast network for the hospitality industry featuring podcasts from Food & Beverage, Guest Experience, Diversity & Inclusion, Tech, Operations, Hotels, Vacation Rentals, and so much more. Hospitality.FM is passionate about giving the industry a prominent voice to reach more listeners by “Going All-In On Audio.”