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Superhost Unveiled

Superhost Unveiled

By Superhost Unveiled

Join this father-daughter duo and learn everything you need to start your own short term rental empire.
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[Ep 14] How to Get Clients for a Property Management Business

Superhost Unveiled Mar 02, 2021

00:00
48:37
{Ep 30} Own it like an Owner should!
Jan 11, 202201:02:12
{ ep 29} A family Affair with Johnston Escapes
Dec 03, 202159:60
{Ep 28} Ashley Class from Built.with.Class

{Ep 28} Ashley Class from Built.with.Class

This episode is simply one of our best, Ashley is an amazing woman with a great story.  She does it all, she owns and manages over 25 properties, she is a third-generation general contractor, she slept on an air mattress after moving to Charlotte North Carolina until she house hacked her first property, while she BRRRR it.  She explains how she did it and so much more.

  1. So tell our listeners a little bit about yourself and your background?
  2. how did you get started in short-term vacation rentals?
  3. You own a few, manage 20 or so, and design which on the design side is how I found you on Instagram.    Are you a one-woman show?  Or do you have a team?
  4. You said you started with flipping properties, is it just like we watch on HGTV?  Is this a good strategy for someone to get into real estate?
  5. You said you house hacked, can you explain this?  Is this the best way to get into real estate in your opinion?
  6. Tell us about your take on Hospitality?
  7. Was becoming a super host important to you from the beginning?
  8. How were your first few guest experiences?
  9. In reading your reviews it was brought up that you did a great job with communication.  How do you handle guest communication?  Do you use any outside software?
  10. Cleaners and Laundry?
  11. Besides Airbnb are you anywhere else?  Vrbo?  Booking.com?  etc..
  12. Can someone direct book?
  13. Do you use software to help run your business?
  14. You self manage it do you think anyone and everyone should do this?
  15. What are your future goals?
  16. Anything else we haven't touched on that you feel our listeners could learn from?
  17. What's the best place if someone is looking to reach out to you to do so?

The best place to find out more about Ashley Class is on Instagram at:  https://www.instagram.com/built.with.class/


Nov 16, 202155:56
{Ep 27} Jesi from Nerdy Retreats

{Ep 27} Jesi from Nerdy Retreats

Jesi from Nerdy Retreats

  1. So tell our listeners a little bit about yourself and your background?  
  2. let's start with your name nerdy retreat?  Where or how did this come about?
  3. how did you get started in short-term vacation rentals?
  4. Explain your properties?  How many do you currently manage?
  5. I found you on Instagram and I love your photos, it really gets the user to experience who you are, and what your space is all about.  You are really about experiencing Atlanta like a local.
  6. One of your reviews states..."Amazing weekend! We were blown away by how cute and clean the space was, how helpful the hosts were, how friendly the neighbors were and how much there was to do both on location and in surrounding areas! We totally could have stayed there all day but were happy to explore as well. Sleep was great, the weather was perfect and we were so sad when it was time to go!"
  7. Jesi was an amazing, by far the best host that I’ve ever experienced. She was very kind and responded fast I felt safe at the location and it was so beautiful. These pictures don’t justify how amazing the place was down to the cleanliness and little house decorations. She had things for me to eat and snack on it was just so welcoming!! Every time I am in Atlanta this will definitely be the place I book with. I honestly did not want to leave if I could have stayed there forever I would lol overall the trip was amazing and the home was the cherry on top. Don’t even read further in the reviews because I am telling you now this is a spot that you should book. 10/10 ❤️❤️❤️
  8. Tell us about your take on Hospitality?
  9. Was becoming a super host important to you from the beginning?  You're a 9X super-host which is awesome.
  10. What are your keys to being a successful super host?
  11. How were your first few guest experiences?
  12. In reading your reviews it was brought up that you did a great job with communication.  How do you handle guest communication?  Do you use any outside software?
  13. Cleaners and Laundry?
  14. Besides Airbnb are you anywhere else?  Vrbo?  Booking.com?  etc..
  15. Can someone direct book?
  16. Do you use software to help run your business?
  17. What are your future goals?
  18. Anything else we haven't touched on that you feel our listeners could learn from?
  19. What's the best place if someone is looking to reach out to you.

INSTAGRAM AT https://www.instagram.com/nerdy.retreat/

Nov 09, 202157:28
{Ep 26} Resilience with Chantal from #Tinystays

{Ep 26} Resilience with Chantal from #Tinystays

     Chantal from #tinystays in Ontario Canada tells her amazing story coming from losing her leg in a tragic motorcycle accident to becoming a para-Olympian and competing in the Rio Olympic games in volleyball.  Never had played volleyball in her life.  She shows amazing resilience and after retiring from the Olympics, went off to school and after deciding to purchase a home to live in while going to school, she decided to rehab and live in the basement and rent out the main floor.

     A chance meeting with a stranger in Home Depot leads to the idea of starting her Airbnb journey, and the rest is an exciting tale that leads to her now fabulous tiny homestays.  Below is our outline of what we talked about, minus all of our tangents.

  1. In your ABOUT SECTION, it states
  2. We are avid travelers and frequent Airbnb users, that have grown to fall deeply in love with the industry to eventually be able to have our own Airbnb. We have poured our hearts into our home and hope to give others the experience we wish to have.
  3. how did you get started in short-term vacation rentals?
  4. Explain your property?
  5. Tell us about your take on Hospitality?
  6. I found you on Instagram and I love your photos, it really gets the user to experience who you are, and what your space is all about.
  7. 294 reviews since 2016 and a rating of 4.94 overall, AWESOME!!
  8. One of your reviews states..."Amazing weekend! We were blown away by how cute and clean the space was, how helpful the hosts were, how friendly the neighbors were and how much there was to do both on location and in surrounding areas! We totally could have stayed there all day but were happy to explore as well. Sleep was great, the weather was perfect and we were so sad when it was time to go!"
  9. Was becoming a super host important to you from the beginning?
  10. How were your first few guest experiences?
  11. In reading your reviews it was brought up that you did a great job with communication.  How do you handle guest communication?  Do you use any outside software?
  12. Cleaners and Laundry?
  13. Besides Airbnb are you anywhere else?  Vrbo?  Booking.com?  etc..
  14. Can someone direct book?
  15. Do you use software to help run your business?
  16. You self manage it do you think anyone and everyone should do this?
  17. What are your future goals?
  18. Anything else we haven't touched on that you feel our listeners could learn from?
  19. What's the best place if someone is looking to reach out to you to do so?

The best way to learn more about Chantal is to follow her on Instagram at https://www.instagram.com/tinystays_/


Nov 05, 202101:02:16
{Ep 25}  Go For It with Ashley from Peach State Pad's
Nov 04, 202101:12:10
{Ep 24} Airbnb's Top 10 Amenities RIGHT NOW Plus this...

{Ep 24} Airbnb's Top 10 Amenities RIGHT NOW Plus this...

The top 10 amenities guests want right now include:

  1. A pet-friendly space
  2. Wifi
  3. Free parking
  4. A pool
  5. A jacuzzi
  6. A kitchen
  7. Air conditioning
  8. Heating
  9. A washer
  10. TV or cable

Whether you are a single property owner managing it yourself, or a vacation rental company owner managing a bunch, it's EASY TO BE MEDIOCRE. (AVERAGE) and not even know it sometimes.

Recent Owners switching property managers' phone calls.  TAKEAWAYS

  1. Communication with owners is very important.
  2. Reviews with guests don't come automatically, one of Peters's secrets.
  3. Guest communication seems easy but it's not.  HOSPITALITY isn't SHORT.
  4. Growing too fast isn't smart, especially with the labor shortage we are in.  (talk about blocking dates between visiting because you can't handle the turnover.
  5. Safety issues and taking a property over without seeing it first.
  6. Guest Book why this is so important.
Oct 15, 202101:03:50
{Ep 23 } The Importance Of Seasonal Maintenance For your Vacation Rental

{Ep 23 } The Importance Of Seasonal Maintenance For your Vacation Rental

<ol>
<li>Do you have a seasonal maintenance program for your vacation rental?</li>
<li>After a busy summer season- many tasks are put off for the slower months- seasonal maintenance is a great time to "catch up"</li>
<li>Have you ever had pipes freeze? Heat not turn on? Septic backup? A sudden snowstorm and no shovel? Fall maintenance prevents frantic phone calls from guests and delivers a better experience</li>
<li>Fall in the White Mountains actually means winter is right around the corner - so many fall tasks help us gear up for the colder winter weather</li>
<li>Owners are typically from out of state, may not be home savvy so aren't always aware of what should be done- that's a PM's role is to educate and guide them to keep their property top notch</li>
<li>Seasonal maintenance protects your investment and is pretty non-negotiable (in our rental program)</li>
<li>Guests usually come from lower New England areas and do not experience the amount of snow and how cold it can get- it is important your home is prepared for them</li>
<li>Seasonal maintenance isn't just for owners- PM's need to do a fall cleaning of their listing, welcome books, photos, etc to stay relevant to the season</li>
<li>Review items on the list- as much or as little detail needed</li>
</ol>
Oct 06, 202159:08
{Ep 22 } Sweat the Details with Robert and Becky Barratt

{Ep 22 } Sweat the Details with Robert and Becky Barratt

<ol>
<li>Intro of Bob and Becky, tell us about yourselves and how you decided to get into Airbnb</li>
<li>Why Branson Missouri?</li>
<li>Why does Branson seem to have a lot of large properties, sleeping as much as 25 per house?</li>
<li>Tell us about the property?</li>
<li>Leading into your first guest, can you tell our listeners what you both did, did you divide the tasks?</li>
<li>decor?</li>
<li>linens?</li>
<li>software?</li>
<li>OTAs?</li>
<li>amenities?</li>
<li>Becky, I know that you are cleaning it, how is that going? Is the plan to transition to someone else, if yes, at what point do you think this will happen?</li>
<li>What has been the biggest challenge?</li>
<li>What has been the biggest reward?</li>
<li>IT seems like Branson has a good handle on tourism and keeping the locals separate if that makes sense. is that true?</li>
<li>Are there any regulations that you needed to deal with leading into your launch?</li>
<li>I remember when I first started becoming a Superhost was goal #1 after getting 5-star reviews, do you guys think about this at all?</li>
<li>Have you had any problem guests, or challenges with guests yet?</li>
<li>If you were to start all over would you make any changes to any part of the process?</li>
<li>If you were talking to someone who was thinking about doing this, what would you tell them?</li>
<li>What is next for you guys? Any big goals?</li>
<li>How can someone listening get in touch with you if they wanted to, or follow along in your journey?</li>
</ol>
Sep 30, 202101:05:04
{Ep 21} Stephanie Wildoner From Cleaner to Entrepreneur

{Ep 21} Stephanie Wildoner From Cleaner to Entrepreneur

     Stephanie tells her story about starting as a cleaner while caring for her husband who was battling Lou Gehrigs disease, becoming a single mom and having the pressure of caring for three young kids on her own.  

  • She then starts and grows her own cleaning company.
  • She talks about chasing the big guy in town who managed many properties and getting her foot in the door by putting flyers on his houses.
  • She talks about getting her real estate license, brokerage license.
  • Branching out into managing properties
  • How she focuses on 3 booking avenues, Airbnb, VRBO, and direct bookings.
  • Getting really big, over 100 clients at her peak
  • Burnout is real and can be a problem if not addressed
  • How introverts need interaction too.
  • What the pandemic did to her company
  • How it all starts with cleaning and communication
  • Why google isn't the answer for guests, its YOU!
  • She shares her goals and why they change constantly
  • The current very tense climate of Short Term Rentals

     This is a wonderful episode, we hope you like it.

Sep 25, 202101:00:43
{EP 20} Guidebook 101

{EP 20} Guidebook 101

Everything you need to know about creating a great guidebook for your vacation rental.

Jul 18, 202134:11
{EP 19} Where have you been?

{EP 19} Where have you been?

We have been super busy.  35 properties, bought a new one without walking into it in a new market the Outer Banks of North Carolina.  See how that is going with an established "old school" property management company.  Is the laundry system about to break?  How about the trash system?  Is life actually easier at 35 properties compared to 10?  A fun episode with Julia, Hannah and Peter hope you enjoy it.

Jul 18, 202149:23
[EP 18] Top 10 Things We've Learned about the Vacation Rental Business

[EP 18] Top 10 Things We've Learned about the Vacation Rental Business

Today we are reflecting on some of the major lessons we have learned from the Vacation Rental Business.  We've been self-hosted owners to now property managers who oversee the operation of 20+ vacation rentals. If you are considering starting a Vacation Rental Business, whether that is just renting out a room or overseeing 100 properties, these lessons will help you accelerate your growth as well as avoid some dire mistakes!  Be sure to listen to the entire episode to hear a more in-depth explanation of each point.  Let us know which lesson resonated with you the most by visiting us on Instagram @superhostunveiled. 

  1. Once you get to a certain point and if you are doing a great job, growth is unstoppable.
  2. Your website matters for growth
  3. It's all about relationships
  4. The right software is key
  5. Have a plan for the slow season if possible
  6. Never stop hiring cleaners
  7. Communications control person is a game-changer
  8. An operations manager is a game-changer
  9. When you aren't working in your business all the time, it allows for focused activities.
  10. Pricing and revenue software is key

BONUS:

  1. Have a plan but be ready to pivot
  2. Never stop learning, adapting, and improving.

May 07, 202146:26
[Ep 17] Evolution of our Property Management Business

[Ep 17] Evolution of our Property Management Business

In Episode 17: Evolution, we walk you through the evolution of our business from investing in our first property to what changes we will need to in order to grow further.  Our hope is that our story will inspire others to challenge their goals and think bigger.

When we first started we did it all.  We cleaned, communicated, answered calls at 5 AM and everything in between.  Once we started managing other homes and grew quickly to six homes we started hiring a cleaning team.

It was also during this time that we knew that we need to consider software that will grow with us, instead of software that we will outgrow.  This included property management software, pricing software, and turnover management software.  Aside from the pricing software, we've tested and experimented with loads of other software to try to find the best one for us and our business.  Finally, we've found one that works great.  It does the work of a few different software all in one which has allowed us to not spread ourselves too thin.  One thing you don't think about is how stressful it can get once you have 10-20 houses to manage and having to flip between 3-4 different apps or websites to keep up with all the moving parts.

One thing that we implemented that changed the game for our standard of cleaning was a walk-through process.  A walk-through is simply a person (different from the cleaner) who is thoroughly trained to walk through the home, spot any mistakes that the cleaner might have made, and ensure that the home is ready for the guest.  This may seem like extra work and over the top but it has saved us quite a few times.

Recently, we had a guest complain about the cleanliness of one of the homes and actually report us on Airbnb, we assume it was a black-mail type case of someone wanting a discount or refund.  Since we walk-through the homes ourselves before the guests come, we are able to deny any claims by reporting that not only did our cleaner do a 52-point clean but we also had a specialist walk-through to confirm the cleanliness.  It's insurance for us as well as our cleaners.

Another change we've made as we've grown is creating a maintenance program.  We've noticed that something many other property management businesses fall short of is never treating the home as a home.  They clean it after every guest but never put in the time to replace furniture, fix minor problems, and ensure the home is up to date. Now, each month we walk through the home and inspect for any maintenance issues such as a clogged pipe or broken toilet seat.  We also train our cleaners to report any damage so that we can fix it in a timely manner.

As we've grown, our need for cleaners has also grown.  In our first year as a property manager, we had periods of time when we were understaffed and it was rough.  To prevent instances like this, we've stayed on top of hiring new cleaners.  We have a newspaper ad that is continuously running in the local paper and we take in new cleaners as they call in.  This way we are never left training 5 new cleaners at once.

When you manage 20+ houses, you go through a lot of products.  Trips to the local Walmart become more frequent and frankly more annoying.  This leads us to switch to automatic delivery of products from Amazon.  We now have an automatic delivery for toilet paper, paper towels, laundry detergent, dish detergent, hand & dish soap, trash bags, and more.  It has helped us be better prepared, no more last-minute stops to the store, as well as saved us money.

READ MORE

Apr 18, 202145:36
[Ep 16] Scaling your Business with a Virtual Assistant

[Ep 16] Scaling your Business with a Virtual Assistant

What is a Virtual Assistant?

A Virtual Assistant (VA) is any freelancer who can help take tasks off of your to-do list so that you, as the business owner, can focus on the money-generating tasks.  A VA is a 1099 subcontractor position so hiring one can allow you to get the help that you need without having to pay hefty employment taxes or for benefits. VAs can assist in a wide variety of tasks from general admin support to developing your website.  Whatever you need help with, there's a VA who can provide support.

Is a VA a full-time employee?

One of the best things about hiring a VA from a financial standpoint is that they are not technically an employee.  As mentioned above, they are a 1099 subcontractor which means they pay self-employment taxes as well as other expenses such as insurance.  This means that even if they have a higher hourly rate, you will still save money in the long-term.

Virtual Assistants are running their own business.  Most VAs will have multiple clients that they work with.  Working with one yourself can look like a few different scenarios:

- Hourly, the VA tracks their hours and each week sends you an invoice

- Package, the VA gives you a few packages of set tasks that you can choose from.  For example, they may cover 100 messages from guests per month.  This is typically charged upfront or with a pay schedule, but expect to make an initial deposit as it protects the VA from scams.

- Retainer, you decide how many hours you need assistance with per month and you pay for those hours upfront.  This can also be done without tracking hours.

However your work relationship will look like, a good Virtual Assistant will have this all prepared for you, all you need to do is choose the option that works best for you.

How can a VA help me manage my vacation rental?

There is a Virtual Assistant for literally any role.  A good exercise to do before searching for your first VA is something called a time audit.  For a week or two, track everything you do each half-hour, including watching Netflix and family time! At the end of the exercise, categorize every task that you did into family time (or some other value), self-care, tasks that keep the business going, tasks that directly bring in more income.

Take a look at your two business task categories.  Tasks that keep the business going do not necessarily require you, the business owner, to do them while tasks that directly bring in more income likely do.  A task that keeps the business going maybe updating the rental listing or responding to FAQs while a task that brings in more income may be acquiring a new client.

Tasks that keep the business going are vital but anyone can do them, these are perfect tasks to outsource to a Virtual Assistant.  Start going through these tasks and set aside ones that you often skip or have a hard time getting done.  The tasks that you don't like doing are the best to hire someone to do.

Some examples of tasks that a Virtual Assistant can cover are:

- Creating new vacation rental listings following a template

- Marketing (on social media, or paid ads)

- Building a website for direct bookings

- Communicating with guests via messaging

- Managing your emails

- Managing your calendar (cleanings, bookings, required maintenance appointments, etc)

- Editing

- And much more!

READ MORE

Mar 20, 202135:24
[Ep 15] Management company or go it alone?

[Ep 15] Management company or go it alone?

If you are new to the vacation rental business you may be wondering do I need a management company or should I manage it myself?  Before growing our business to manage other vacation rentals, we self-hosted our two properties.  There are a lot of decisions that go into this subject.

Pros of Managing it Yourself
  1. You have total control over your business - Which means you can control all of the messaging, cleaning, overseeing the entire process.  By being more hands-on you can ensure high-quality and make sure the home is taken care of.
  2. Save money- By managing it by yourself, you may save money but you might also leave money on the table if you do not have an established pricing software.  However, by hiring a property management company you typically pay 10-30% of your revenue plus cleaning fees, maintenance fees, and linen fees.
  3. Build relationships with your guests - Talking directly with guests allows you to form connections with them.  You control the communication so you can get to know your guests more than a property manager might.
  4. You have total ownership over your listing -  Some property management companies require your home to be listed under their account.  Many of these companies will charge for access to the listing photos as well.  This means if you ever decide to leave the management company you will lose all of the reviews and will need to start over.
Cons of Managing it Yourself
  1. Managing your own property takes a TON of time - When you manage your own property you get no days off, you are on 24/7, and you may never know when you will need to deal with an issue.  Many people do not know just how much work goes into it.  You need to respond to guests in a timely manner, answer calls, go to the home when issues arise, oversee the maintenance, and of course cleaning the property.
  2. Managing the turnovers - You will need to ensure that the home is completely cleaned between each guest.  Whether you are doing that yourself or you hire a professional cleaner this still can bring headaches.  What will you do if your cleaner backs out at the last minute and the home needs to be cleaned before the guests come at 4?  How will you clean the linens?  How will you ensure that it's a 5-star clean every time?
  3. Not using dynamic pricing - By managing the property yourself you likely do not have a pricing software that will automatically adapt your listing's nightly rate based on the demand.  Having a flat rate causes you to miss out on TONS of income because you do not take in popular travel times, school vacations, special events, etc.  You also do not appear active on the Airbnb platform which will push your listing off of the top page of search and will likely be close to the last page.
  4. Treating your property like a hobby rather than a business - Many vacation rental investors assume that it will run itself.  That the hardest part of the business is the actual investment of the property.  However, managing a vacation rental is a full-time job.  You need to be willing to invest both your time and your money.

    READ MORE
Mar 06, 202141:30
[Ep 14] How to Get Clients for a Property Management Business

[Ep 14] How to Get Clients for a Property Management Business

Curious about expanding your short-term vacation rental business?  Becoming a co-host or property manager can help you grow without having to invest in more properties.  We have a Property Management business but we do not manage the property rather manage the vacation rental.  We take care of all of the bookings, conversations, guest issues, turnovers, and some light maintenance.

As a co-host, you can list other properties under your own Airbnb account or you can be added as a co-host through someone else's account.  There are pros and cons to each.  When you list the property under your own account, if the owner of the property chooses to leave then they will need to start the whole process all over again.  Plus, if you list the property under your own account and it performs poorly it will negatively impact your account and other properties.

By setting up accounts for clients, you do not set them up for failure if they choose to leave.  We are so confident in our services that our clients will stick with us for the long-term.

How do you find your first client?

To be honest, when we first started we didn't do much to find clients!  As soon as we knew that we wanted to expand into Vacation Rental Management we reserved a domain, threw together a quick website, and had a low-cost google ad.  In addition, before we reserved the domain we did a quick google search as if we were the client and create a name that the client would search for.  We found that other property management companies didn't even show up in the search for our area which was a key indicator that our name would strategically work for us.

If you are in an area with hundreds of companies that you need to compete against, you'll need to get creative with your marketing.  Get out there.  Network, put up flyers, send out postcards, do whatever you can to get seen.  Start social media accounts, any webpage that you create will help boost you in the search.

You get your first call now what?

That first call can be nerve-wracking!  Especially since you don't have other clients to back up your services.  Find some personal experience that will set you apart from the competition.  For us, the fact that we were local was a huge selling point as well as our prior success with our own properties.

It's okay to be nervous.  If it's okay if your first call doesn't go well.  Take each call as a learning experience and gain confidence with each call.  Clients can smell confidence from a mile away, if you aren't confident they'll know.  That means you need to know what questions to ask and the answers to potential questions that a client may ask.  If you don't have a prior vacation rental, it is essential that you know how you'll manage pricing, communication, and systems.  Do your research before starting.  You cannot go in unprepared because it will show.

With that being said, you should never lie about your experience.  Transparency is key.  We had a potential client call once who asked if they should sell their million-dollar house or rent it.  They asked how much they could make off of their property.  Since we've never managed a million-dollar home, we could not confidently say how much income that vacation rental would generate.  We were honest with the potential client and helped them make their decision.

READ MORE

Mar 02, 202148:37
[Ep 13] Habits for Success

[Ep 13] Habits for Success

Owning a short-term rental may not seem like owning your own business, but it totally is a business.  Like all business owners, it is important to take care of yourself.  Let's talk about some routines and practices that we do each day to keep ourselves feeling motivated.

Morning & Nightly Routines

It may seem trivial but one of the most important parts of Peter's daily routine is prepping the coffee maker the night before so that he doesn't have to worry about it in the morning.  It's little tasks like these that can make such an impact on your day and it only takes a few minutes.

In addition to coffee, both Hannah and Peter prioritize taking time to exercise, learn something every day and read.  Did you know that 27% of adults say that they have not read a book in the past year?

Routines don't have to be strict.  Hannah enjoys listening to her body and doing what feels right in the moment.  Her morning routine typically includes making morning tea, journaling, and meditating.

One important part of both of their days is reflection.  Reflecting on the day, how their business is going, and what can be changed.

Boundaries & Self-Care

One aspect of owning a business that many people don't talk about is setting boundaries. Businesses can end up running you instead of the other way around, setting boundaries is vital to staying sane.

One way you can set boundaries in your short-term rental business is by setting boundaries with guests.  You can do this by outlining solutions to common problems so that guests can solve them on their own first.  Another way is to create canned responses so that you can quickly reply to commonly asked questions. Lastly, it's important to make it clear what is an emergency and what guests should call you for.

If you have clients like us, setting boundaries with them is important as well.  Set clear standards on how clients should interact with you.  Make sure you don't take non-emergency calls during your set time off.  Setting office hours for your clients to contact you during or sending out newsletters prevents the need to call you altogether.

CEO Time

As mentioned above, it is important to set a time to work on your business.  We like to call this CEO time.  During this time you should, analyze numbers and data as well as do some creative thinking for growth.

Technology

There are a few programs that we use daily to keep our businesses organized.

We could not live without our Property Management System.  Our PMS manages all of our bookings, communication, cleanings, and listings.

We also use Asana and Google Calendar to stay on top of tasks.  Asana is a project manager that we use to keep track of our clients, plan our podcast, and track our ideas.

___

We hope that this episode will help you avoid burnout in your business.  If you burnout, your guests will notice and most likely be negatively impacted.  It is important to take care of yourself.

Feb 13, 202135:03
[Ep 12] Pricelabs Dynamic Pricing Software

[Ep 12] Pricelabs Dynamic Pricing Software

One of the key factors for success as a short-term rental is keeping your property occupied at the best rate.  Today, one of the founders of Pricelabs, Anurag Verma, joined the podcast to share how their company is helping thousands of short-term rental owners maximize their revenue with their dynamic pricing software.

The company began when one of the co-founders started an Airbnb but had no idea how to price it.  Verma was working at an airline at the time helping them with their pricing and knew that it's likely that many people are struggling to price their short-term rentals effectively. Knowing the engineering and math to the solution to their problem they set out to create a dynamic pricing software for short-term rentals so that hosts can automate their pricing for their properties confidently,

At first, they were the only people creating dynamic pricing software for short-term rentals. The company started in Chicago and reached out directly to hosts located in Chicago via Facebook groups.  When they launched, they only started with 10-15 properties.  For the first year, the app was completely free to allow for testing and to get feedback.  After a few months, they expanded out of Chicago to the entire world.  Most of their initial customers came from Europe in particular where the short-term rental industry is huge.

Dynamic pricing is all about figuring out trends within the market.  If you have a huge event that causes properties to get booked out at max capacity at high rates, and your property is priced low, then you missed out on a bigger booking.  Hotels have it easier because they have several rooms that allow them to notice trends.  If they notice that 5 of their rooms got booked way in advance, it's a good sign that that time will be really popular for bookings and they can raise their rates. Dynamic pricing software allows hosts with only 1 property to pick up on the trends and don't miss out on a larger booking, just like a hotel would.

As an owner, without dynamic pricing, it's easy to use preconceived highs and lows for your property that can end up costing you money.  As a host at the beginning, Peter left thousands of dollars unclaimed due to missing out on trends and things like orphan days.

Pricelabs allows you to maximize bookings that are far out.  For example, 6 months in the future, the app can restrict bookings to a certain day booking such as 5-day stays versus 2 nights only.  As the date gets closer, the app adapts the length of the booking to capitalize on stays.  Therefore, instead of restricting it to 5 days throughout, the app will allow guests to pick up the leftover days so that you can have a higher occupancy rate.  If there is an orphan day or orphan 2 days, Pricelabs can jack up the price to make it equivalent to 3 or 4 days booking while booking that day so that your calendar is booked solid.

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Feb 06, 202101:00:59
[Ep 11] Characteristics of a HIGH performing STR

[Ep 11] Characteristics of a HIGH performing STR

Why do some properties crush others? With the number of homes on the short term rental market, they can't all tie for first.  What makes some stand out above the rest?

We analyzed our 20 active properties to see which ones were outperforming the others and why using occupancy rate and the price per night.

What do our top homes have in common?  You'd be surprised actually.  There isn't one key feature that sets them apart from the rest, except, their uniqueness.  From location to dynamic architecture to hot tubs, these unique qualities help properties outperform their peers.

Exceptional photos that are unique and eye-catching help them stand out in the search.  Of course, numerous 5-star reviews help too, but our other homes get those.

So you may be wondering, how can I set myself apart if my home is cookie-cutter?

Think about how you can niche down and stand out in search.  For example, key features like allowing pets or having a hot-tub are filters in Airbnb search which can help you stand out.  Having a game-room or a movie-theater room can also help!

It's important to know your listing inside and out.  Your listing title matters. Consider using key-words that your ideal guests would use to search like "Close to ski mountain" or "close to tax-free shopping".  Remember to update your title from time to time as well, especially if it's unique to the season.

Staying active every day on the platform is also essential.  If you don't have time to do that yourself, using pricing software can help. Regardless, you should be familiar with your occupancy rate, night rate, the average number of guests, and when they are booking.   All of these stats can be found on the dashboard of your property management software if you have one, or on the dashboard of the platform, you list on.

Take advantage of special promotions too.  Airbnb often has promotions for the slow season that can help you boost in the search.  Airbnb also promotes properties that utilize these listings to their email list. Free marketing, that you don't want to miss.

Keep in mind that the more bookings you get, the more reviews you get, and the more your property is boosted in the search.  It's all connected and the algorithm rewards success.  If your occupancy is low, consider lowering your nightly rate.

In the end, it important to know your analytics.  If something is not working try something else and keep trying until you get it right.  It can be as easy as a simple word swap in your title or something more strategic like pricing.  A short term rental is a business, whether it feels like it or not, so you need to treat it like it.

Jan 31, 202149:12
[Ep 10] Hospitality

[Ep 10] Hospitality

As a vacation rental owner you are not merely renting out your space you are creating a unique experience for your guests and to be successful at hospitality changing your mindset to reflect this is imperative.

Each decision you make should be about building a long term business, never make a decision based on short term game.  You should invest in high-quality mattresses, linens, and towels.  It's also important to ensure that all amenities that are listed are in good working order.

We suggest making a strong first impression by welcoming your guests to your space with a hand-written letter, a snack basket, a bottle of wine, or a 6-pack of local beer. This will show your guests that you care and it will greatly be appreciated after their long travels.

Once you've set high standards for your space it's important to build strong connections with your guests from the moment they first inquire with you to the moment they leave your home.  Consider incorporating these valuable and common hospitality phrases.

  1. "It's my pleasure/I'm happy to"
  2. "Thank you/We appreciate"
  3. "Welcome"
  4. "Is there anything else"
  5. "We look forward to having you as our guest"

If you refer back to Episode 4, Messaging 101, you will find these hospitality phrases organically woven throughout each of our messages.  Try utilizing templates or saved responses to avoid the inevitable grumpiness that occurs when you've been asked the same question 100 other guests have asked before.  Remember that it's the first time for this guest even if you've answered the same question only a few minutes prior.

In the end, if hospitality is not your strong suit, find someone to co-host with you.  Remember that your guests are, in fact, guests.  They've paid you to have an unforgettable experience so try your best to accommodate their needs.  What experience does your home provide?

Jan 24, 202132:06
[Ep 9] 2020 Year in Review & Look Ahead

[Ep 9] 2020 Year in Review & Look Ahead

If we had to give one word to describe owning a business in 2020, that word would have to be "pivot".  It was an incredibly difficult year and you either thrived or struggled.  In today's episode, we are looking back at our biggest wins and our biggest mistakes of the most challenging year of our lives.

Biggest Wins of 2020

#1. Growth

At the start of 2020, we owned and self-managed two properties in the White Mountain region of New Hampshire.  In June, we began accepting clients for co-hosting and property management and we blew up FAST.  At the time, so many vacation rental owners were losing their cleaning teams on the fly and were in desperate need of help.  We said 'yes' to virtually anyone who reached out to us which was a huge factor in our growth but also one of our biggest mistakes.

#2. Development of our Team and Process

As we began to grow, we had virtually no plan or team.  The Plourde family was in the trenches cleaning properties and scrambling to keep up.  Through the mistake of not having a team, we now have a stellar team of professional cleaners.  We also developed a walk-through process to ensure a great guest experience and trust with our owners.

#3. Not only Surviving a Pandemic but Somehow Thriving

Oh boy, are we lucky.  We chose to build our business in a driveable outdoor vacation destination. We took advantage of an industry that was hurting due to the pandemic by being the one who answered cries for help.  Many companies began shutting down and abandoning their clients.  Other companies didn't have the bandwidth to answer calls.  Meanwhile, we answered every single phone call and message we received, trying our best to help people on the fly.  We didn't view these calls as potential clients, we just wanted to help them stay afloat, hoping one day down the line they would pay back the favor.  It worked.

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Jan 15, 202149:18
[Ep 8] Inspiring the Travel Bug in Everyone - VacaVibes

[Ep 8] Inspiring the Travel Bug in Everyone - VacaVibes

Daniella Morganelli got her start in the vacation rental business by traveling worldwide throughout her life with her mom.  By visiting other areas she learned essential tools and tricks to make a memorable guest experience.

Two years ago she purchased a condo in Glen, New Hampshire that she transformed into a vacation rental.  She had the intention to make it an Airbnb at the start and her realtor helped her find some properties that would be ideal for vacation rentals.  D5 Vacavibes is ideal for skiers, hikers, families who want to enjoy Storyland, and all who love the outdoors.  The story of this condo is a warm, cozy, cabin.

When first listing the property, Daniella admits that she hit the publish button prematurely.  She got her first 3 bookings within 2 hours.  They were working up to the last minute when her first guest came.  Ended up not having the property ready which lead to a 4-star review for her first review.  It took some time to bounce back from that.  Anything less than 5-stars is a bad review in the eyes of Airbnb.

Today, Vacavibes has super host status.  Daniella had her heart set on getting the status when she first published her listing.  Despite the 4-star review, she was still able to claim the Superhost status.

Instagram plays a huge part in the story of this vacation rental.  With other 5,000 followers, Daniella uses the platform to share her family's adventures in the White Mountains.  Since starting it, she's used Instagram to host giveaways and contests which has helped her bring back reoccurring guests.

Using Influencer Marketing helped Danielle get some exposure for her property and Instagram as well.  Influencers on Instagram get paid to promote businesses.  She paid and offered a free stay to the Influencer she worked with and in exchange, the Influencer promoted her property and gave her the rights to all of the photos.

Daniella joined the White Mountain Attraction Association and her property is listed as a suggested place to stay.  She uses her Instagram to encourage her followers to get out, travel, and explore new places.  Whether they stay with her or somewhere else, if they were inspired by her Instagram it was a success.

Living about 3-hours away from her vacation rental, Daniella has thought of everything to self-host from smart thermostats to smart smoke detectors. Before starting, she did reach out to a property management company who told her that she could not run a social media account for the property which made her stay clear of property managers.

Not everyone is cut out to be hospitable.  Many people who list their homes on Airbnb have a sense of "this is my house and my rules."  Daniella believes that people are paying you to stay at the property and therefore you should do as much as you can to make them feel at home.  For this reason, she has little to no house rules. To this day, she hasn't had any issues with the lack of rules.  Each guest deserves to feel special and at home.

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Jan 02, 202156:10
[Ep 7] Embracing Differences with Amy Corbett of All Belong Co

[Ep 7] Embracing Differences with Amy Corbett of All Belong Co

Running a short-term rental business can kind of feel like "flying in an airplane that isn't finished yet" according to our guest Amy Corbett from All Belong Collective and we couldn't agree more.  As an entrepreneur, it is imperative that you are flexible and able to handle new problems with ease. In today's episode, we dive in and take a closer look at All Belong Collective and how Amy embraces her family's differences and diversity each and every moment.

Amy Corbett started All Belong Collective with no prior business experience.  All Belong Collective started with a river apartment at the end of 2017 and grew to a small business that offers homeowners different Airbnb services from consultations, design & setup, and full co-hosting support.  Amy is a musician and before co-hosting, her husband Mark was in campus ministry.  Together, their side hobby was remodeling homes.  Amy calls herself an "accidental entrepreneur".  The Corbett family was put in a situation where they needed to adapt and pivot fast.  At the time, Amy was helping 3-4 short-term rental hosts get their Airbnb set up and decided to take it full-time, diving deep into the crazy world of entrepreneurship.

Learning about Airbnb from a friend, Amy transformed their river apartment into a stunning Airbnb experience.  They got their first guest on the day they published, a pilot, who intended to come that day.  His only request?  An ironing board and iron, which they didn't have.  It was a stressful few hours trying to get one for the home, something the Corbetts laugh about now.

About five months later, they decided to set up their second property which was a client's home, the Farmhouse.  "Airbnb never stops.  It's 24/7" Amy says, "so it can interrupt your family life."  Juggling family and their business was a major challenge for them, especially with guest communication. Luckily, someone reached out to Amy on Instagram asking if she could help.  She offered her services for free, but Amy quickly insisted to pay her.  Now she is one of the co-hosts in the All Belong Collective team, allowing them to make shifts where members can have time off from communicating with guests.

The Corbett family has felt like they didn't belong in their community for a while.  All Belong Collective helped them feel confident in their differences.  Amy loves highlighting perceived flaws in houses and making them the focal point of the design.  They soon listed another home which the Corbett's own, a historic house that they were long-term renting.  They decided to break into two separate Airbnbs.

Breaking it into two vacation rentals was a no-brainer for them.  The basement apartment or "the Cocoon" had its own separate entrance on a different side of the house and they installed noise canceling insulation so that the guests in  "the Nest" would not be disturbed. So far they have not had any complications.

Amy is extremely hands-on with her business.  She does all of the cleanings for her own personal properties.  Their business model includes hiring a team of cleaners for their client's properties.  The cleaners are one of the greatest assets of the company.  They also manage 100% of the laundry using whatever method works for that specific cleaner.

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Visit the All Belong Co Website or follow on Instagram

Dec 19, 202059:20
[Ep 6] The Story of Your Home

[Ep 6] The Story of Your Home

I've got a question for you, what story does your home tell your guests?  Like all businesses your brand is essential for creating unforgettable customer experiences.  Each of our homes has been designed to create a long-lasting impression on our guests so that they are itching to get back.

In Peter and Julia's second vacation rental that they personally own, they started with a blank slate.  Julia took to the task to create a nordic style chalet for their mountain getaway.  She wanted to embrace the mountain theme without being too predictable. This includes very muted grey and navy blue tones throughout the house.  From the mattresses to the artwork on the wall every item in the home was chosen purposely.

If you are transforming a family home or a fully-furnished home into a vacation rental, here's what you should do.  First, it is important to edit the home.  You need to get rid of any clutter, family photos, old furniture, and linens. There is no need to completely remodel the house a simple fresh coat of paint can really transform the space.  Make sure the existing furniture is clean and in good shape.

Purchasing cohesive artwork, linens, and decor will help create a story throughout the home.  In order to make the home feel homey, you need to have artwork and decor on the walls.  Allow your guests to dream a bit about owning your home.  Make it feel like their home away from home.

Using your home's story will help you stand apart from the other homes listed in your area.  Every location has a "theme".  Lake homes are all beechy and have lake decor.  Mountain homes have skies and lots of moose figurines.  Decorating to the theme of the area is fine and your guests will likely never notice but decorating on-theme but in a different way is an easy way to make your home look different from the competition.  It's important to stay within the theme of the area but being unique and simplistic.

What Should Each Room Include?

Bedroom

The bedroom obviously needs a nice bed.  It is so important that the mattress is comfortable and up to date.  You want the guests to feel comfortable, clean, and safe while sleeping.  Do not use old linens from your home, purchase a new, stylish, clean comforter and sheet set.  The bed is crucial for setting yourself up for being a professional host.  We'd argue that a headboard for each bed is not important.  If you are deciding between buying a new mattress or a headboard, always go with the mattress.

It's important to have something that the guests can put their clothes in.  It can be a closet or a dresser, but you need to have something for the guests to unpack if they wish to.  We also recommend including a luggage stand for each bedroom.

Each bedroom also needs night-stands with lamps.  It may not seem important but many people enjoy reading before going to bed so they need a source of light that will not disturb the other people in the room.  In addition, everyone has a cell-phone and everyone needs to charge them, so having somewhere they can place their phone to charge at night is important.

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Dec 11, 202052:16
[Ep 5] Cleaning for 5 stars with Julia Plourde

[Ep 5] Cleaning for 5 stars with Julia Plourde

Are you confident that your house is cleaned for perfection and that it'll bring in a 5-star review for cleanliness?  Cleaning is one of the most difficult aspects of running a successful vacation rental business.  While it does need to be perfect for your guests, especially during a pandemic, cleaning isn't something that you should stress about.  We talked to the head of our Turnover Team, Julia Plourde, to get her insight on cleaning for 5-star reviews.  She's done it all from driving 5 hours to clean a property to managing a team of turnover specialists.

Tips for Cleaning Efficiently & Effectively

Back when Julia was running a one-woman show, she learned some tricks to cleaning efficiently and effectively.  Her number one tip is to form a check-list so that you can stay on track, ensure that you don't miss any key areas where you need to clean, and so that you can create a routine that you can master with each clean so that the entire process gets more efficient. North Conway Property Management uses a 54-point check-list for all of our homes.  Not only does the check-list help you stay efficient and consistent, but it will also help you train cleaners when you start hiring a team for your business.  This will ensure that each cleaner on your team is cleaning the home exactly the same.  Consistency is key.

Next tip for efficient cleaning?  Use a cleaning caddy.  Julia's caddy has gone through many upgrades starting from a simple show cady to her current 5-gallon bucket with side pockets.  In her caddy, she has an all-purpose cleaner, window cleaner, scrub-daddy, toilet bowl cleaner, reusable cleaning rags, trash bags, duster, hand-vacuum for picking up hair in bathrooms.  The pandemic created a huge lack of cleaning supplies so Julia needed to get creative with her cleaning strategy while still ensuring a disinfected, safe, clean home.  She ended up using an all-purpose cleaner with bleach to clean the toilets instead of toilet bowl gel. She also had to stop purchasing antibacterial wet-wipes for the guests because they simply vanished off the shelves.

There are a few areas that are often overlooked by even the most experienced professional cleaners.  Julia's most important overlooked area...the inside of the kitchen cabinets.  You would never know how guests leave cabinets.  Some shove pots and pans precariously in cabinets others have put back dirty dishes.  You want to make sure that the kitchen cabinets are always orderly and clean for the next guests.  Kitchens and bathrooms are the most important.

Acquiring your cleaning team

The first step to finding our cleaning team was trying to find people looking for extra cash through word of mouth.  We found our first cleaners through a friend and they actually worked in the huts in the mountains.  They are a week on and a week off so we thought picking up some cleanings would be great supplemental income for them. The problem with this was that they wanted to hike more than clean, who wouldn't, and their friends were all the same.  If you are looking for professional cleaners, you need to actually look for professional cleaners, not people looking for some extra cash.

Indeed.com was not helpful for us either.  The people who saw our listing were not experienced and again were just looking for some extra cash on the side.  Our best decision was to post a job ad in our local paper.  We found some amazing cleaners through this. You want to find people that take cleaning seriously.  Many cleaners are independently building a business specializing in cleaning homes, you just need to find the right people!

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Dec 11, 202057:51
[Ep 4] Messaging 101

[Ep 4] Messaging 101

Are your messages helping you get amazing reviews? Are you getting reviews at all?  If you answered "no" to either of these questions, this is for you.

From day one we invested in automatic messaging.  It was an important investment that not only saved us time and energy but also ensured consistent messaging across all guests.  In total, we have five automatically scheduled messages.  We also have three manual messages that we think is a secret weapon when getting more 5-star reviews.

Booking Confirmation

Immediately after booking, guests receive a welcoming message from the hosts.  This prevents any question about if payment went through and instantly sets a standard for the hospitality they can expect during their stay.

10 day's out

Ten days before the guest is scheduled to arrive, our next message is sent.  This message includes our digital guidebook as well as check-in instructions.  You'll notice that we include check-in instructions consistently in our pre-visit messaging to help ensure a smooth check-in experience (one of the parameters for a review).

7 day's out

Similar to the last message, this message reminds the guests of the check-in instructions as well as includes the guidebook again.  Our goal is to alleviate any anxiety that a guest may feel leading up to their trip.

Secret Message #1: Early Check-In

This is our first secret messaging tip.  When our cleaners finish turning a house early, we make an effort to message the upcoming guest and let them know that they can check in early if they wish to.  We do this regardless of if the guests previously asked about early check-in.  Many guests ask to check in early.  There are cases when guests miscalculate their travel time and have to occupy their time until the official check-in.  Whether the guests can check in early or not, there is no harm in notifying them that they can check in an hour or two early. In fact, your guests will likely thank you.

Secret Message #2: 24 Hour Check How Things Are Going

In our experiences as guests ourselves, neither of us can recall a time when a host has messaged us after the check-in without being prompted with a question.  Why is this?  Just because the guest has settled into the home, does not mean your job as the host is finished.  We automatically send a simple message 24 hours after they have checked in to ensure that everything is going as planned.  This allows the guests to ask questions and report any issues.  This is your opportunity as a host to re-direct the course of the stay if a guest is not satisfied.

Check-out Instructions - 24 hours prior to check-out

A check-out reminder message may seem a bit condescending but never assume the guests know everything.  Just because you write check-out instructions in your guestbook, your house rules, and on your listing does not mean the guest will read them.  This is another automated message that has helped our guests feel confident that they checked-out properly and has streamlined the check-out process.  We tell the guest exactly what they need to do before departure.

Secret Message #3: A compliment to the guest after departure

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Dec 04, 202033:30
[Ep 3] How to Stand out from the Crowd

[Ep 3] How to Stand out from the Crowd

There are many ways to set yourself apart from the competition on Airbnb and many of these tips work for other platforms as well.  Today, we are breaking down the Logify article "Top 10 Tips for improving your ranking" and giving our opinions for what is most important to focus on.

Airbnb is similar to a search engine, it's algorithm is designed to improve the guest experience so it "knows" it's user and populates listings based on their interests. Using key-words in your listings that guests would be interested in such as hot-tub, water-view, etc will help you rank better in the search results.

In order to stand out from the crowd, you'll need to optimize your listing to the best of your ability.  Here's how.

"Think like a Guest"

Put yourself in your ideal guests' shoes, what are they looking for when traveling for vacation?  Are they a family? Are they a couple?  Is it a group of friends? Whoever you are targeting, your listing should include wording that will pique the guest's interest. Be sure to include popular amenities in your home such as a coffee pot, laundry, game room, TV, wifi, etc.

"Don't Skip on High-Quality Photos"

In our opinion, photos are the most important part of your listing.  It is the first thing a potential guest will see so we want to capture their interest so that they stop their scroll.  We highly recommend investing in a professional photographer, however, you can also take amazing photos using an updated version of smartphones.  Before you attempt to take photos yourself, browse Youtube for some free lessons.  Be sure to stage the home as if a guest is walking in so have your best linens out, maybe set the table, include important amenities, etc. As humans, we are drawn first to photographs.  Many people do not even look at the title of your listing they just scan the photos.

"Seal the deal"

Your goal is to accept as many bookings as possible.  Sounds obvious right?  Well actually the more bookings you receive the more Airbnb will promote your listing because it's successful.  Be sure to have clear house rules and any regulations in your listing so that you lower the number of cancellations you receive.  Turning on instant book will also give you a boost.

"Respond in a Timely Manner"

When guests are deciding which home to book they'll likely have some questions.  Guests who ask a question before booking likely want the answer as quickly as possible and typically will decide based on whichever host gets back to them the quickest.

The first way you can do this is by having a super clear listing that does not spark any questions.  Questions are inevitable though, so we recommend an auto-responder or making sure that your notifications are turned on so that you can respond as quickly as possible.  Instant gratification is important for guests, it's important to respond to every message as quickly as you can.

"Be Instant-bookable"

Like we mentioned earlier, instant book is a great feature to opt-in on.  First, it reduces the number of inquiries that you need to respond to.  Second, it can reduce the search pool by over 50% in some cases - remember guests want instant gratification.  You can also set parameters for instant book such as requiring an ID, that they are a US citizen, and age.


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Dec 04, 202051:11
[Ep 2] How to Become a SuperHost

[Ep 2] How to Become a SuperHost

If you are just starting your journey into the vacation rental industry you've probably heard the importance of getting the Superhost accreditation on Airbnb. It's a term dropped by many leaders but how can you, as a newbie, reach that coveted status?

First off, let's go over why being a Superhost is important.  If you do a random search for Airbnbs for your area you'll likely get tons of results, we get over 300 listings in our small town in New Hampshire.  On Airbnb, you can filter the search to reduce the listings.  Many people who search will often automatically refine the search by Superhost status because it provides a sense of comfort to people knowing that you've been on Airbnb for a while and that the platform recommends you.

There are 4 criteria that you need to meet to get a Superhost Status and your status is evaluated quarterly which means once you get the status it isn't guaranteed for life.  The 4 criteria are a response rate of 90% or higher, 4.8-star reviews or higher, at least 10 visits, and a cancellation rate of less than 1%.

So let's break those down.

Response Rate

The response rate refers to responding to an inquiry within 24 hours.  This does not apply to the response time you have for all of your messages, although it is still important that you respond in a timely manner for hospitality reasons.  It should be super simple to achieve a response rate of 90%.  Automatic messaging programs can help you achieve a rate of 100% with ease.  Opting in to instant booking is also a great way to increase your response rate.

Reviews

We all strive for 5-star reviews but what are your guests really rating?  Airbnb breaks down the review into 6 parts: Overall Quality, Accuracy, Checkin, Cleanliness, Location, and Value.  It is important to keep these 6 points in mind when setting up your listing for success.  Be sure to take accurate, good quality photos.  Disclose the amenities in your listing, and don't just add amenities that you don't have to make your listing stand out.  Ensure that check-in is as easy and smooth as possible.  Guests can feel a lot of anxiety when first checking into a home so it is important to alleviate this.  You should be communicating with your guests throughout their experience to help them settle in.

Visits

In order to achieve Superhost status, you need to have 10 completed stays or 100 nights booked over 3+ stays.  You cannot control this one as much but what you can do is strive for an eye-catching listing.  Having factors that set your listing apart from the competition will increase your booking rate and help you check this one off your list quickly.  Pro-tip, opt-in for any Airbnb promotional deals because they promote listings who opt-in for their sitewide discounts.

Cancellation

This point for the Superhost status only applies to when you, the host, cancel a guest stay not if the guest cancels.  So why would you cancel?  If the guest is clearly going to break a rule this is a reason for canceling.  For example, if they ask about their pup coming to stay but you don't allow pets you might suspect that they'll bring the dog anyway.  Your goal is to always get the guest to cancel first.  Be transparent about your house rules and regulations.  Be forthcoming about any complications that might arise if they were to stay.  Nine out of ten times the guest will have no issue canceling.  This will help you stay under that 1% requirement with ease.

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Dec 04, 202051:03
[Ep 1] Our Success Stories

[Ep 1] Our Success Stories

Have you been thinking of a new project to invest in?  Are you looking to diversify your income by adding a second stream of income?  Are you looking for something you can have more control over?  With the current state of the world, many people are searching for additional forms of income.

Husband and wife duo Peter and Julia Plourde had these same questions.  Over the course of one year, they went from investing in one vacation rental property to managing over 20.  Their quick success gave Peter the confidence to retire early from his secure restaurant management job and move to North Conway so that he and his wife could enjoy their passions of hiking, running, and skiing every day instead of just on rare vacations.

Despite their quick success, the idea to invest in a vacation rental had floated around for years. They had some extra money laying around and was looking for something that they could invest in aside from the volatile stock market.  It was Julia who suggested investing in a vacation rental.  Peter, did his research and dived into any free content he could find from Youtube videos to Podcasts.  In his research, he discovered that many of the experts suggested investing far from your primary residence.  They pondered Colorado, but in the end, Julia suggested finding a property in their favorite vacation destination North Conway, NH which was only 2 hours away.

In the past, they had invested in real estate for long-term rentals and while it was successful, Peter found that he HATED it.  He didn't like being a landlord, where his tenants didn't care for the property and he had to evict people.  This made the Plourdes wary of investing in real estate again, but with their combined 25 years of hospitality experience, they felt confident that a vacation rental would be the right decision for them.

In the Fall of 2019, they invested in their first property.  A medium-sized home in a sought after neighborhood.  Within 72 hours of closing, they had prepared the property for guests and listed it on Airbnb. Within 24 hours of listing, they had their first booking.

As one can imagine, having their first guest was a nerve-wracking experience.  Peter feared that the guest would trash their house or even worse, refuse to leave the property.  Despite, this they did everything that they could to set up the experience for success.  They created an automating messaging sequence that would make the guest feel welcomed and cared for throughout their visit, not just before they arrive.  They left a heartfelt note with a bowl of snacks for the guests upon their arrival.  The home was immaculately cleaned and stylized to make the guests feel at home in the mountain home.

All of their nerves dissipated when Peter watched the guest sweep the front steps on their Ring Doorbell.  It was at this moment when they knew that they had made the right decision.

At this time, Julia dedicated her time to drive the 2.5 hours both ways to turn over the house between guests.  It was manageable at first but soon proved to weigh on her, especially in the harsh New England winters when it got dark at 4 PM.  Julia and Peter decided to hire two cleaners recommended to them by Julia's sister, local hikers who were always looking for some extra cash.  Hiring the cleaners alleviated a lot of the stress and with the success of their first property, Julia and Peter decided to invest in a second.

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Dec 04, 202050:12