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Short Term Rental Riches

Author: Tim Hubbard

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Tim Hubbard, successful investor and CEO of a seven-figure short term rental management company shares it all. The insider tips you need to know to acquiring, operating and scaling a successful short term rental business.
364 Episodes
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Starting November 20th, Airbnb is limiting what you can put into your Airbnb house rules. No fines, no surprise fees, no checkout chores, and most rental agreements and ID checks are out. Download our updated Airbnb House Rules Template: https://strriches.com/go/364?s=pod This episode is for Airbnb hosts who need to update their Airbnb house rules. We walk through the 7 rules you can enforce, what becomes a request, and how to protect your property. You'll know exactly what to change before the 20th. Watch on YouTube: https://www.youtube.com/@ShortTermRentalRiches What you'll get out of this Airbnb now allows only 7 enforceable house rules - everything else is a request No more fines, surprise fees, or checkout chores in your rules You can still charge for damages and smoking, but not through your house rules Local laws and contracts override Airbnb's rules in some cases If you'd rather have a team handle the day-to-day, that's what we do at Corzly. We run guest messaging, pricing, and listings for hundreds of rentals, all behind the owner's own brand. Happy to show you how it works: https://strriches.com/go/364-corzly?s=pod  
Spas add 8 to 27% to annual revenue in mountain markets, and these winter amenities keep you from getting filtered out of search. Get our amenity checklist with cost estimates: https://strriches.com/go/363?s=pod This episode is for owners of short-term rentals in cold, snowy or mountain markets who want to be found in search. I walk through the winter amenities worth adding, from hot tubs and fire pits to saunas, EV chargers and small comfort items. We cover what they cost and how to match them to your guest profile. After listening, you can pick which upgrades fit your property and photograph them for your listing. Watch on YouTube: https://www.youtube.com/@ShortTermRentalRiches What you'll get out of this: - Airbnb ranks the hot tub as the 6th most searched filter worldwide, so skipping one can hide you - Airbnb does not filter 12-seaters from 4-seaters, so a cheap inflatable spa still helps your search ranking - A sauna only fits when your average night rate is high, like $400 or $500, not $65 - Cold weather drains electric vehicle batteries faster, so a Level 2 charger and covered parking help guests in snow If you'd rather have a team handle the day-to-day, that's what we do at Corzly. We run guest messaging, pricing, and listings for hundreds of rentals, all behind the owner's own brand. Happy to show you how it works: https://strriches.com/go/363-corzly?s=pod Mentioned in this episode: - Related episode, When to invest in amenities: https://strriches.com/episodes/346-before-you-invest-in-airbnb-amenities-use-this-framework/?utm_source=podcast&utm_medium=shownotes&utm_campaign=ep363_winter_amenities&utm_content=related - Want our updated Airbnb house rules template? Copy ours and edit to fit your property: https://strriches.com/go/363-guide?s=pod Free guides from our team: - Furniture Checklist: https://corzly.com/furniture-checklist/?utm_source=podcast&utm_medium=shownotes&utm_campaign=ep363_winter_amenities&utm_content=guide - STR Management Handbook: https://corzly.com/str-management-handbook/?utm_source=podcast&utm_medium=shownotes&utm_campaign=ep363_winter_amenities&utm_content=guide - All guides and tools: https://corzly.com/resources/?utm_source=podcast&utm_medium=shownotes&utm_campaign=ep363_winter_amenities&utm_content=hub If this helped, a quick review on Spotify or Apple Podcasts helps more hosts find the show. About the show: I'm Tim Hubbard. I've hosted Short Term Rental Riches since 2020 and co-run Corzly, a remote team that handles guest communication, listings, pricing, and back-end systems for hundreds of rentals in 50+ cities, all behind the owner's own brand. New episode every Tuesday. #winterrentals #shorttermrentals #airbnbtips
Our guest today is Alex Alioto, co-founder of Whimstay, the last-minute vacation rental marketplace. Alex talks with hosts and property managers every day about the nights that would otherwise sit empty. We cover how to split your calendar across Airbnb, Vrbo and Whimstay, why some guests still pick hotels, and how to turn every stay into a future direct booking. How to split your calendar across 3 booking sites Why $800 beats $0 on an empty night The 1 photo that sends guests away How last-minute guests get screened Why direct bookings help the whole industry If this episode helped you, subscribe so you never miss a new one. Share it with a host or property manager who has a few empty nights on their calendar. Pick one change from today and put it into action this week. We will see you in the next episode. Whimstay: https://www.whimstay.com/ Check out our videos on YouTube: https://www.youtube.com/@ShortTermRentalRiches Grab your free management eBook: https://strriches.com/?utm_source=shownotes&utm_medium=podcast&utm_campaign=ep362#tools-resources Looking to earn more with your property (without the headaches)? Chat with our expert management team: https://strriches.com/management-services/?utm_source=shownotes&utm_medium=podcast&utm_campaign=ep362  
On October 29, Vrbo moves every host to a flat 12% commission. If you connect through a property management system, you've been paying 5%. On a $600 booking, that's $42 more out of your payout. In this episode, we break down the math, the markup that keeps your payout the same, and the pricing rule to check before you reprice. What changes on Vrbo on October 29 The real cost of the jump on a $600 booking Why booking platforms keep raising their fees The 1-line formula behind our Vrbo markup The Vrbo rule that affects your direct booking price If this episode helped you get ahead of the Vrbo change, subscribe so you catch the next fee update before it reaches your payout. Share it with a host who lists on Vrbo, and leave us a quick review. It helps more hosts find the show. See you next week. Check out our videos on YouTube: https://www.youtube.com/@ShortTermRentalRiches Grab your free management eBook: https://strriches.com/?utm_source=shownotes&utm_medium=podcast&utm_campaign=ep361#tools-resources Looking to earn more with your property (without the headaches)? Chat with our expert management team: https://strriches.com/management-services/?utm_source=shownotes&utm_medium=podcast&utm_campaign=ep361  
A lost TV remote or a missing garage door opener can turn a smooth check-in into an emergency trip. In this episode, we walk through the 12 things we keep in every Airbnb supply closet, and almost none of them are cleaning products. We also share the simple formula we use for how many spare sheet sets each property needs. Why we split the closet in 2: 1 locked, 1 open The $30 lock that keeps backups out of guest hands What to do before a guest drives off with your opener The 9pm problems a stocked closet solves How many sheet sets a 5-bedroom actually needs Thanks for listening to the Short-Term Rental Richest podcast. If this episode helped you stock a smarter supply closet, subscribe so you never miss a new episode and share it with a fellow host. Leave us a review too, it helps more hosts find the show. See you next week. Check out our videos on YouTube: https://www.youtube.com/@ShortTermRentalRiches Grab your free management eBook: https://strriches.com/?utm_source=shownotes&utm_medium=podcast&utm_campaign=ep360#tools-resources Looking to earn more with your property (without the headaches)? Chat with our expert management team: https://strriches.com/management-services/?utm_source=shownotes&utm_medium=podcast&utm_campaign=ep360  
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