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195. Leveraging Medium-Term Rentals for Financial Freedom

Uncategorized Oct 06, 2022

Zeona McIntyre has been an Airbnb host since 2012. After 10 years of managing short-term rentals across the globe, she has transitioned to selling Real Estate to investors looking to house hack or live for free. She is an avid Real Estate Investor owning a double-digit portfolio of short and medium-term rentals. 

She has been featured on BiggerPockets, Mr. Money Mustache, NPR, Business Insider, and more than 50 podcasts. She spends half the year in Boulder, Colorado, and the other half traveling the world as an international pet sitter.

Zeona has gone from $50K in debt to Financially Free in just 2 years with Airbnb. Now, her focus is on Medium-Term Rentals, highlighted in her new book, 30-Day Stay, where she covers the benefits of medium-length stays over constant turnovers and changing city regulations.

 

Resources:

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194. What You Need To Know Before Forming A Partnership (AMA)

ama Oct 03, 2022

Welcome to another Ask Me Anything (Ask Us Anything?) episode! Each week we’ll answer your questions on STR, real estate, OTAs, and everything in between.

 

Holly asks:

Should I take on a partnership? How do I know if partnering up is the right move for my business, and once I decide, how do I know I’ve found the right partner?

 

Thanks to everyone who submitted questions. To hear your voice on the show and send a question to Sarah & Annette, visit Speakpipe.com/ThanksforvisitingAMA


Thanks for Visiting is produced by Crate Media.

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#STRShareSunday: All Belong Co.

strsharesunday Oct 02, 2022

It’s time for #strsharesunday! Today we are sharing All Belong Co.

This account is very near and dear to our hearts. Amy is a coach inside our Hosting Business Mastery Method and we have been instagram friends for years! We are so excited to meet her IRL in just a few weeks.

She is launching a new property that has literally been YEARS in the making: a vintage caboose on her property that overlooks a factory and train tracks, as if the caboose itself is a part of the landscape. It is drop dead gorgeous!

Amy and the rest of her beautiful family have put so much love into the caboose (literally... they painted the word LOVE on the side). They transported it from West Virginia and redone the entire thing in a true labor of love.

We cannot wait for each and every one of you to follow Amy on instagram and give her a heart on her property. Amy is truly creating an experience and we are so proud of her amazing journey. She has gone all in on this and put so much into it and we...

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193. Know Your Numbers and Empower Your Business with Quarterly Reports

Uncategorized Sep 29, 2022

Quarterly recaps are a MUST for your business. Whether you’re managing properties for clients, or self-operating your STR listings, regular quarterly reports can help provide a holistic, high-level view of your business’ performance.

This real data puts a different spin on the day to day grind, especially in those moments where you feel like you’re having a slow week or your booking calendar is empty. Having oversight into your listings’ performance from month to month, and quarter to quarter, allows you to zoom out and keep you informed. Data over drama!

Our 4 Key Metrics in the Quarterly Report:

  1. Occupancy rate
  2. Average Daily Rate (ADR) = Total Rev / Nights Sold
  3. Revenue Per Available Room (RevPAR) = Total Rev / Available Rooms
  4. Total Revenue

 

Resources:


Thanks for Visiting is produced by Crate Media.

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192. How To Organize Your Work (and Life) As An STR Owner (AMA)

ama Sep 26, 2022

Welcome to another Ask Me Anything (Ask Us Anything?) episode! Each week we’ll answer your questions on STR, real estate, OTAs, and everything in between.

 

Kelsey (@StayJandK) asks:

How do you set up your Workday or your work week? There’s so many things I know I could (or should) be doing, but some days it’s so much that I get analysis paralysis. How do you structure things on a daily, weekly, and monthly basis, and how do you know when it’s time to delegate tasks out to your team?

 

Thanks to everyone who submitted questions. To hear your voice on the show and send a question to Sarah & Annette, visit Speakpipe.com/ThanksforvisitingAMA


Thanks for Visiting is produced by Crate Media.

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#STRShareSunday: Magnolia Cottage Farm Stay

#strsharesunday Sep 25, 2022

It’s time for #strsharesunday! Today we are sharing Magnolia Cottage Farmstay

This sprawling 70 acre property is in Lancaster, PA. She caters to large families who come together for reunions and family getaways. So often when we think of short-term rentals, we think of vacation spots and smaller places, not necessarily larger plots of land.

We also tend to get wrapped up in the amenities on the interior of a space, but we think that in this case, the biggest amenity is how expansive their property is and how much acreage they have with nothing on it! Check out their photos to see this gorgeous property.

Whatever your dream is and whatever experience you want to create with your properties... you can make it happen!

Magnolia Cottage Farm Stay on Instagram

Magnolia Cottage Farm Stay on AirBnB

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

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191. Hustle Is Not Enough: Attention to Detail and Creating Your Niche in STR

Uncategorized Sep 22, 2022

TJ Tijani immigrated from Nigeria, landed in Houston, and his story is a whirlwind of hustle and entrepreneurship. He grew up with a single mom who was raising 5 kids, and watching her tenacity and grit inspired TJ to be the first in my extended family to graduate college and get a job as an engineer.

But he hated the 9-5 grind, and took matters into his own hands, walking away from his job and jumping head first into the short-term rental business. After lots of studying and trial & error, TJ now runs a successful STR empire, and teaches others how to do the same.

Resources:


Thanks for Visiting is produced by Crate Media.

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190. Comparing Your STR House Rules with Airbnb’s Guest Policies (AMA)

ama Sep 19, 2022

Welcome to another Ask Me Anything (Ask Us Anything?) episode! Each week we’ll answer your questions on STR, real estate, OTAs, and everything in between.

Courtney asks:

We recently had a situation with Airbnb in which a guest had not signed a rental agreement within 48 hours of booking, which is specified in our listing’s rules. Airbnb refused to uphold our rule, and stated that the guests had until the moment of check-in to meet our requirement of signing the rental agreement.

Airbnb has very much sided with guests, claiming that they would not cancel the reservation on their end until that moment of check-in, and even going so far as to threaten me about canceling the reservation as a host because of their new policy (which just took effect in August).

How do you go about ensuring that guests sign a rental agreement when Airbnb won't uphold your rules?

 

Thanks to everyone who submitted questions. To hear your voice on the show and send a question to Sarah &...

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#STRShareSunday: Bayshore Beach Lodge NJ

strsharesunday Sep 18, 2022

It’s time for #strsharesunday! Today we are sharing Bayshore Beach Lodge NJ

Host Cherisse is is one of our HBMM members. She came to us when she was just opening up her rental, and she really dug right in to all of the content. She's taken all the advice, she's all in on her STR, and you can tell by her instagram.

She has her phone number in her profile for people to book direct, which is something we haven't seen before. Don't worry Cherisse, we won't be prank phone calling you anytime soon. (Is your refrigerator running? You better go catch it! )

She's Safety Certified by Breezeway so be sure to check out her IG and her blog.

We are so proud of you Cherisse! You've been such a go-getter and you've been so focused on creating a safe, amazing space that is a true gem to your community.

Bayshore Beach Lodge on Instagram

Book Direct: Bayshore Beach Lodge

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

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189. Fire Safety Comes First in Your STR

Uncategorized Sep 15, 2022

Safety is one of the first things to think about in short term rentals, and our favorite safety expert, Justin Ford, is back on the show to help make sure our guests go home only with great memories.

Justin recently attended the National Fire Protection conference in Boston, and as no surprise, he’s brought back with him a slew of new products and recommendations for fire safety.

 

 

Resources:


Thanks for Visiting is produced by Crate Media.

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