105 | Following the Journey from Idea to Income Property (Part 1) | with Shannon Leyh

Uncategorized Mar 18, 2021

 

What if you could follow someone’s journey from hopeful host to burgeoning success and see what exactly it takes to make it in this business?

Shannon Leyh reached out to us just as she decided to take part in this world and asked us to chronicle her experience — and we couldn’t say no! She’s vulnerable, honest, and shares all of the numbers behind what it takes.

In the first part of our interview, we cover:

  • Why she’s getting into the short-term rental space
  • Her goals for the property
  • Getting her husband on board
  • Finding the right property and the right community
  • Plans and considerations for the property
  • Setting a timeframe

Don’t worry — you won’t have to wait months to find out how this all turned out! In part two of our discussion, we’ll dive deep into how all of this plays out. We can’t wait to share it with you.

 

Resources:

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STR Share Sunday: Wild Pines Cabin

strsharesunday Mar 14, 2021

It's time for #strsharesunday and today we are featuring Wild Pines Cabin!

Man, Minnesota is truly killing the STR game! Todd and Tessa are your hosts, and we love so many things about what they're doing here!

We love the simple, sleek logo, and we love how they repost things from their guests. User generated content people! Let your guests create content for you and use it to your advantage. Not only does it look great, but it's social proof to add to your reviews.

You should always highlight the amazing things about your property, but in your listing, let's keep it real and honest. You should also let your guests know about the imperfections. Todd and Tessa mention in their listing that their space is not great for those with mobility issues because of their steep stairs, that their driveway is windy and curvy and not always great in bad weather, and that the wifi is only able to withstand so much!

Go to their feed, their cabin is amazing! Give them a follow and some likes!

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104 | How Joining a GPO Can Help Your Short-Term Rental | with Jeffrey Iloulian

Uncategorized Mar 11, 2021

 Anyone who’s worked in the industry long enough begins to identify some of the pain points, but it takes a true entrepreneur to turn the solution into a business — one that’s going to make the lives of all rental property hosts and managers easier.

Jeffrey Iloulian has been in the vacation rental industry for over a decade, having set up, managed, or operated over 250 vacation rental properties. So, he gets this industry. From cozy cabins in the woods to luxury mansions in Beverly Hills, Jeff has successfully grown several businesses and has a passion for interdisciplinary problem-solving in emerging industries. He believes that the further you push outside of your comfort zone, the larger that zone becomes.

And Jeff’s most recent business idea came to him while he was furnishing an entire building with 16 units in a very short period of time. He was amazed that, at the volume that he was buying, there wasn’t a simple way to make those purchases...

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STR Share Sunday: Big Blue Haven

strsharesunday Mar 07, 2021

It's time for #strsharesunday and today we are featuring Big Blue Haven!

This gorgeous rental is hosted by Janet and Grace and located in Michigan.

There are two things that really stood out to us when we checked them out...

1. They have a 7 night minimum in the summer and a 2-3 night minimum in the other seasons, and they explain this and the reasons behind it to their potential guests!

2. They also have TWO master suites on the first floor.... WOW! If you have the luxury of designing your space or are currently renovating, you should definitely consider having two master suites!

Go give Janet and Grace a follow, and send them a DM to let them know you love what they're doing!

Big Blue Haven on Instagram

Big Blue Haven on AirBnB

We would love to feature YOU, so don’t forget to use the #STRShareSunday to get your chance!

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Are you ready to master your hosting business without sacrificing guest...

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103 | The Long Short: Renting Short & Long Term | with Julie Gates

Uncategorized Mar 04, 2021

Should you be focused on short-term or long-term rentals?

Julie Gates is a real estate investor, and while she enjoys the complex world of short-term rentals, she specializes in stays of 30 days or more. She’s been in the long-term rental industry for a while now, renting out a guest home on her property, but making Airbnb a part of her business allowed her to grow tremendously — to over 30 properties owned and managed.

Eventually, Julie transitioned her business to focus on what she calls “long shorts.” What that means is that she approaches it similarly to a short-term rental — she’s not looking to lease out her property and become a landlord — but she does focus on stays of 30 days or more.

There are a few considerations when it comes to this: Some counties don’t allow short-term rentals but a stay of more than 30 days does not count as a short-term stay. It also pushes you into a long-term rental tax rate. There are also concerns...

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STR Share Sunday: Birmingham Tree House

strsharesunday Feb 28, 2021

Time for #STRsharesunday and today we're sharing Birmingham Tree House!

Another unique space! This "tree house community center" is so cute and so special. Rather than a bed and breakfast, it's a bed and yoga ‍ and it's not actually a tree house, but a mansion.

Here's a description straight from the website: "Birmingham Tree House is a unique concept in the heart of the Magic City... a vivacious blend of hospitality and healing. 1898 Victorian mansion newly renovated into a colorful and contemporary wonderland. An artistic oasis..."

What an amazing and creative space with 5 guest rooms, yoga, and therapy/counseling! We love host Renny's boldness in her pursuit of what she wants her property to be. Check her out... you will be inspired for SURE!

If you build it, they will come!

Birmingham Tree House on Instagram

Birmingham Tree House Website

We would love to feature YOU, so don’t forget to use the #STRShareSunday to get your chance!

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102 | How STRs Can Get a Leg Up on the Hotel Industry | with Wil Slickers

Uncategorized Feb 25, 2021

We’ve talked about what the short-term rental industry can learn from the hotel industry… but what can Airbnb and other short-term rentals do even better than big chain hotels?

Wil Slickers is the creator of hospitality podcasts Slick Talk and Good Morning Hospitality and co-founder of Recreation Rentals, a boutique rental management company. He always had a love for people but didn’t know where to channel that passion until he discovered the hospitality industry. He started his podcast to interview people who had an extensive background in the industry and great stories that people could learn from.

What can short-term rentals learn from the hotel industry?

Hotels have done a good job of remaining consistent with their standards. If you go to two hotels in the same chain, you’re largely going to get the same experience. That consistency doesn’t exist in the short-term rental world, but we are starting to see hosts turn into managers that create...

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#STRShareSunday: Rock Ridge Casita

strsharesunday Feb 21, 2021

Time for #STRsharesunday and today we're sharing Rock Ridge Casita!

Located in Oakland, California, this adorable casita is situated in the backyard of veteran host Diana, who has over 10 years of experience! If you're looking for more content on how to be a great host (other than us of course), head on over to this account where Diana has a link for some free hosting tips, a way for you to work with her, and more! She loves connecting with other guests, so be sure to give her a like and a follow!

Rock Ridge Casita on Instagram

Rock Ridge Casita Website

We would love to feature YOU, so don’t forget to use the #STRShareSunday to get your chance!

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Are you ready to master your hosting business without sacrificing guest experience? Click HERE for our free workshop

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101 | Creating a Stronger STR Industry Together | with Merilee Karr

Uncategorized Feb 18, 2021

Merilee Karr is the founder and CEO of UnderTheDoormat and chairperson of the UK Short Term Accommodation Association. She went all-in on the short-term rental world when she saw an opportunity to start her own business. She believed that, in order for the home rental market to blow up, it needed to be treated professionally.

She made the decision to take that leap and enter that market, serving what she knew was an underserved and upcoming market. Merilee talks about making that transition, starting the Short Term Accommodation Association, staying ahead of government regulation, building a business that can grow, and creating a great guest experience.

Over the years of hosting and managing properties, these are the tips Merilee has for creating a great and consistent guest experience:

  • Know where you want to sit in the market. If you only take 4-5 star properties, stick to that, and if there’s anything wrong with a property, try and fix it.
  • Personally greet your guest when...
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#STRShareSunday: Abide Stays

strsharesunday Feb 14, 2021

We're mixing it up a little today! Today we are sharing Abide Stays!

Justine and Mary Ellen run Abide Stays, a hosting business that hosts multiple properties and helps co-host your properties for you. Their properties are in the mountains, on the water, in the city... even on a flower farm!


These ladies are AMAZING at what they do. Follow them on instagram because their feed is beautiful.

Our favorite thing about them is that each of their properties donates to a charity, how amazing is that? What a beautiful thing to add to their ethos and mission!

Abide Stays on Instagram

Abide Stays Website


We would love to feature YOU, so don’t forget to use the #STRShareSunday to get your chance!

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Are you ready to master your hosting business without sacrificing guest experience? Click HERE for our free workshop

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