Short Term Rental Riches
Episodes
134. Why You Might Want to Delete Your Airbnb
07 Jun 2022
Contributed by Lukas
Whether you sold your house, decided not to rent your home any longer, are doing a major renovation, or dropped the ball and got some bad initial revi...
133. When A Guest Can Bring a Pet to Your Property (Whether you like it or not)
31 May 2022
Contributed by Lukas
There are times when a man's best friend gets promoted to its highest calling, as a crucial companion for members of the community. As a service anima...
132. Should You Accept Pets?
24 May 2022
Contributed by Lukas
Have you considered putting out the welcome mat for the furry, four-legged travelers of the world? Well, there's a pretty substantial market for pet-f...
131. Is your Airbnb Getting Better or Worse? (Performance Insights)
17 May 2022
Contributed by Lukas
Why is it that we can have two identical properties right next to each other but one waaay outperforms the other? Just a small change in occupancy or ...
130. Five listing upgrades to BOOST your search ranking
10 May 2022
Contributed by Lukas
I know the hesitation. You're staring at your Airbnb listing wondering… is this the right title? Is this the best title? Did I charge the right clea...
129. Bathroom Maintenance Items You Will Definitely Encounter
03 May 2022
Contributed by Lukas
Operating short-term rentals will give you a new appreciation for the spaces we live in. It gets us thinking more about interior design but it also ha...
128. Past Prejudices Might Make You Say "No"
26 Apr 2022
Contributed by Lukas
I feel super fortunate to have been able to meet and become friends with some really big-time real estate investors. A friend of mine owns and manages...
127. A Free Digital Guidebook Option
19 Apr 2022
Contributed by Lukas
The fewer questions we receive from our guests the easier it is to manage our short-term rentals and if it's easier it's likely that we will continue ...
126. Save Time & Money Furnishing Your Property (new options)
12 Apr 2022
Contributed by Lukas
There is quite a lot that goes into furnishing a property and I'm not just talking about the money. It takes some thought. A good design takes work an...
125. A Road Map For Furnishing Your Property
05 Apr 2022
Contributed by Lukas
There is quite a lot that goes into furnishing a property and I'm not just talking about the money. It takes some thought. A good design takes work an...
124. 3-step Formula to Stay Organized With Those You Work With
29 Mar 2022
Contributed by Lukas
As our team continues to grow (we work with 10 people full-time and close to 20 on a regular basis) it's a lot to keep track of! So how do you stay or...
123. Are you working with the right real estate agent?
22 Mar 2022
Contributed by Lukas
I'm just getting back from my 3-week tour in the US and reflecting back on some of the simple mistakes I made. I have been loosely looking for propert...
122. Are You Getting What You Paid For? (Inspection Tips)
15 Mar 2022
Contributed by Lukas
Are you getting what you paid for when it comes to purchasing a property? How do you actually know? After a recent (and quite hectic) visit to 7 citie...
121. Is It Cold In Your City? (Impacts Of Weather On Your Investments)
08 Mar 2022
Contributed by Lukas
Since the invention of the air conditioner people have had the ability to live comfortably in hot areas. It wasn't that long ago that the southern par...
120. What's Your Breaking Point?
01 Mar 2022
Contributed by Lukas
I was at the gym the other day about to start running on the treadmill when all of a sudden my phone would not connect to my Bluetooth headphones. Dis...
119. How much does crime impact your property performance?
22 Feb 2022
Contributed by Lukas
Checking out a new city and want a brief overview? We've talked before about several places to go for short-term rental data but before we even get to...
118. Tips For Creating The Perfect Listing Title
15 Feb 2022
Contributed by Lukas
Never have so few words packed such a punch. We're talking about, on average, just 10 little short words. Ten little short words that comprise your sh...
117. Four and a Half Tools to Forecast Occupancy
08 Feb 2022
Contributed by Lukas
It's a bit scary pulling the trigger on a new property purchase in an area you don't know too well. Luckily we have quite a few options these days to ...
116. Luxury Vacation Rental RISK - Is This the Right Investment For You?
01 Feb 2022
Contributed by Lukas
When most people new to the idea of investing in short-term rentals think of a potential investment they think about a Vacation Rental and NOT a norma...
115. What's Slimy And Smells (Good) But 100% Necessary For Your STR?
25 Jan 2022
Contributed by Lukas
What's one small thing we need in multiple rooms in our short-term rentals that is 100% necessary and can smell (good) ? Soap! Yes, what a fun subject...
114. Why Are We Doing This?
18 Jan 2022
Contributed by Lukas
I consider myself to be very fortunate. Not only because of the real estate portfolio or the wealth I've acquired, the freedom I've earned, the amazin...
113. The Most Difficult Furniture Item (And What To Do About It)
11 Jan 2022
Contributed by Lukas
We can have a lackluster, shabby exterior on the outside but on the inside we can have a luxurious oasis retreat. Our furniture, the colors, the light...
112. How To Ensure Your Property Is Perfect (Private Feedback)
04 Jan 2022
Contributed by Lukas
We're lucky to be in the STR space. An industry that thrives off of reviews and feedback. It helps us PERFECT our properties so we can achieve higher ...
111. Add Another Listing? (Linked Listings)
28 Dec 2021
Contributed by Lukas
You may have more than one "listing" and you haven't even realized it. The guest house in the back of your main house. A granny flat with a separate e...
110. Get BETTER Deals By Building Your Network
21 Dec 2021
Contributed by Lukas
Real estate is not a fair playing field. We make our money when we buy our property. If we take these two statements to heart then expanding our netwo...
109. Get More Repeat Guests (Increase Your Revenue)
14 Dec 2021
Contributed by Lukas
Repeat guests are great. You already know they are good guests (otherwise you wouldn't have them back) and they can really help keep your calendar boo...
108. Red Flag Reservations (Bad Guests)
07 Dec 2021
Contributed by Lukas
When a lot of people think about getting into short-term rentals they think "ugh I don't know… I don't want people ruining my property." "I don't wa...
107. Your Q&A Part Two (Incl. Where To Find The Best Markets)
30 Nov 2021
Contributed by Lukas
We get quite a lot of questions and the topics range. I try to lump them together and create a podcast for the ones we get asked most often but I thou...
106. Why You Need To Refinance Now! (Inflation)
23 Nov 2021
Contributed by Lukas
The latest inflation numbers for the US are the highest it's been since 1990. This means prices are rising quicker than they have in over 30 years. I'...
105. Have You Thought Of These Tiny Home Downsides? (+Container Homes)
16 Nov 2021
Contributed by Lukas
Tiny homes and container homes are cool. They are unique. They are an experience to stay in. And dare I say… they are trendy?? Perhaps. Let's just p...
104. Your Q&A
09 Nov 2021
Contributed by Lukas
We get quite a lot of questions and the topics range. I try to lump them together and create a podcast for the ones we get asked most often but I thou...
103. Lease Arbitrage Deals Just Got Riskier
02 Nov 2021
Contributed by Lukas
This show is all about investing in real estate. However, there are other ways to enter the short term rental world without actually investing in real...
102. 9 Questions You Will Receive AFTER A Reservation
26 Oct 2021
Contributed by Lukas
My team and I have managed almost 9000 reservations and almost 18,000 guests. From those guests we've sent and received over 140,000 messages - it's a...
101. A New Tool For Added Protection Against Unruly Guests
19 Oct 2021
Contributed by Lukas
I'm always on the hunt for new tools to make our STR operations easier and increase our profits and part of increasing our profits is accomplished by ...
100. Two Years Of STR History In A Nutshell (Opportunity Is Bursting At The Seams)
12 Oct 2021
Contributed by Lukas
Whoa a lot has happened in the last 2 years since we started this podcast. But one thing remains the same; STR's are here to stay. That's right, not e...
99. Three Reasons To Pass On A Real Estate "Deal"
05 Oct 2021
Contributed by Lukas
It's often hard to say no to a potential real estate deal especially when it seems to fit most of your criteria. Maybe it's just what you think you're...
98. 8 Issues You Can't Avoid, Forever That Is... (Part 2 of 3)
28 Sep 2021
Contributed by Lukas
My team and I have managed almost 9000 reservations and almost 17,000 guests. From those guests we've sent and received over 140,000 messages - it's a...
97. How Many Properties It Takes To "Retire"
21 Sep 2021
Contributed by Lukas
People ask me all the time "why did you get started with short-term rentals? They're so much work, aren't they?" The answer has always been pretty str...
96. Top 15 Pre-Arrival Questions YOU WILL GET ASKED!
14 Sep 2021
Contributed by Lukas
Airbnb and other OTA's do such a good job of providing us a platform to list our property. We can put in every detail necessary! From the type of coff...
95. When Are Your Guests Most Uncomfortable?
07 Sep 2021
Contributed by Lukas
When are your guests most uncomfortable? I'll save you the run around and just tell you; when they arrive. They don't know your rental. They may have ...
94. Are You Automating Too Much?
31 Aug 2021
Contributed by Lukas
Who is booking your Airbnb? Do you really know? Well if you don't then you might be communicating in a way that will earn you less than stellar review...
93. Should You Use Booking.com?
24 Aug 2021
Contributed by Lukas
As investors we have the natural tendency to increase revenues and increase our bottom line. One of the ways we can do that in the short-term rental w...
92. Luxury vs. Affordable Airbnb? What's A Better Investment
17 Aug 2021
Contributed by Lukas
You can pretty much rent anything as an airbnb these days, can't you? From a treehouse, to a houseboat, to a luxury villa to a castle! And everything ...
91. What NOT To Do With Your Airbnb Photos
10 Aug 2021
Contributed by Lukas
We've talked before about how photos are NOT the most important piece of your short-term rental listing. They are not. There are greater forces at pla...
90. Lower Your Taxes By Operating Airbnbs
03 Aug 2021
Contributed by Lukas
One of the two biggest expenses that everyone incurs are taxes. Which means, legally lowering our taxes should be of the utmost importance! For easy n...
89. Is Travel Back? (Airbnb After Covid)
27 Jul 2021
Contributed by Lukas
You are seeing it, aren't you? The instagram photos popping up. The long-delayed weddings that are now taking place. Airline flights being oversold. N...
88. It's INEVITABLE, Rents ARE Going Up
20 Jul 2021
Contributed by Lukas
Rents have been increasing quickly since the last crash in 2008 which has been great for real estate investors. But why exactly are they going up? The...
87. The BEST Flooring For Your Airbnb
13 Jul 2021
Contributed by Lukas
In the residential rental world we have lots of choices for flooring but when deciding what to use for our short-term rentals the decision becomes eve...
86. 6 Expert Tips For Communicating With Your Guests
06 Jul 2021
Contributed by Lukas
Let's face it, unexpected issues WILL happen with our rentals and how you and your team handle the communication with your guests is crucial. In fact,...
85. How I Got An Apartment Building For "Free" (Why Lease Arbitrage Will Never Equal Ownership)
29 Jun 2021
Contributed by Lukas
There are some opportunities with real estate investments that we just can't find anywhere else. Not with the stock market, not with investing in cryp...
84. How To Decrease One of Your Biggest Expenses
22 Jun 2021
Contributed by Lukas
We have quite a few costs that go in to operating our short-term rentals. Some of them are fixed, our mortgage or our lease payment for example, but m...
83. Should We Offer One Night Stays?
15 Jun 2021
Contributed by Lukas
Doesn't it hurt a little bit to look at your calendar and see those one day gaps without any guest checking in? Lost opportunity, lost revenue. Maybe ...
82. On The Ground Market Research (Finding The Right Property In A New Market)
08 Jun 2021
Contributed by Lukas
There are several steps to doing market research and deciding on the next place to invest our money in real estate. We've talked about many of them be...
81. Can I Kick A Guest Out Of My Airbnb?
01 Jun 2021
Contributed by Lukas
Can we kick a guest out of our properties? If you've operated a short-term rental for any length of time you may have asked yourself this question or ...
80. Sound In Your Rental & The Consequences!
25 May 2021
Contributed by Lukas
There are many components that go into ensuring your guests have a great experience but one that may trump them all is sleep! Getting adequate sleep i...
79. A New International Acquisition (Takeaways)
18 May 2021
Contributed by Lukas
It's official! I'm the proud owner of a new property in Brazil. It's a bit surreal to branch out of the country where you were born and take a claim i...
78. Why I'm Switching Property Management Platforms (And Who I Went With)
11 May 2021
Contributed by Lukas
"When the facts change I change my mind, what do you do sir?" I once heard that in an international business class I had many years ago and it has alw...
77. Record Yourself So You Don't Have To Repeat Yourself
04 May 2021
Contributed by Lukas
In our short term rental businesses and real estate ventures we are always doing the same things over and over again. Answering guest questions the sa...
76. Where to Hire a Virtual Assistant
27 Apr 2021
Contributed by Lukas
We've all gone virtual! So why are you limiting yourself and your team to those that you live near? I hope you are not. While we do need an "on-the-gr...
75. Connecting With Your Team - USE This Tool
20 Apr 2021
Contributed by Lukas
Over the years my team has been growing slowly but surely. We're now working regularly with people in 5 different time zones and four to five differen...
74. How Appraisals Impact Your Loan & Refinances
13 Apr 2021
Contributed by Lukas
It's interesting that while appraisals are such an important piece a loan they can vary so much depending on the appraiser. Every loan for the most pa...
73. Rembrances of Other People? Ditch Them!
06 Apr 2021
Contributed by Lukas
If you've stayed in enough short-term rentals you've probably seen it. The photo of the owner in your living room space, a leftover jar of mayonnaise ...
72. HAVE This in Your Lease Agreement (Lease Arbitrage)
30 Mar 2021
Contributed by Lukas
You may have heard prior episodes where I talk about the benefits of owning your properties vs. sub-leasing them. Well, I still think owning them is t...
71. Negotiating a Better Lease Rate for Lease Arbitrage
23 Mar 2021
Contributed by Lukas
At first glance you may think that a landlord would never want to rent you his or her rentals so that you could sub-lease them and put them on Airbnb....
70. 10 Must-Have Photos in Your Listings
16 Mar 2021
Contributed by Lukas
The short-term rental industry has come a long way since Airbnb was first advertising blow-up air mattresses for rent. While some cities have blown up...
69. How to Use a "Virtual" Phone Line with Your Airbnb Account
08 Mar 2021
Contributed by Lukas
Airbnb has restrictions on using virtual phone lines when you set up your account. Having a single phone number is also limiting when we are scaling o...
68. Operating Our Rentals Remotely - The Secret Ingredient
02 Mar 2021
Contributed by Lukas
If we look at our businesses and processes from the perspective of "how" we are going to manage them, grow them, operate them or accomplish them, than...
67. Control (The Beauty of Real Estate vs. Other Investments)
23 Feb 2021
Contributed by Lukas
Many things are out of our control like the government policies of different nations, the news, or the weather but when it comes to our investment dec...
66. Buying International Property? Beginner Tips You Need To Know
16 Feb 2021
Contributed by Lukas
It's such an exciting thought, isn't it? Owning property in another country. It has a nice exotic ring to it. And while purchasing international real ...
65. Are You Meeting Your Guests' Expectations?
09 Feb 2021
Contributed by Lukas
An experience is none other than an expectation and whether that expectation was met or not. Great reviews and experiences happen when our experiences...
64. The Mandatory One Page Printout (All Your STR's Should Have)
02 Feb 2021
Contributed by Lukas
Our guests have the best experience when their questions are answered before they even ask them. There are many ways to do this, lots of which we have...
63. ONE New Tool to Organize EVERYTHING
26 Jan 2021
Contributed by Lukas
How do you create a passive operation? Whether it's a portfolio of real estate, a short-term rental company, or any other business. Well, first of all...
62. Professional Tax Advice From My CPA - Part 2
19 Jan 2021
Contributed by Lukas
I've mentioned the benefits of being a real estate investor when it comes to taxes in multiple episodes, but no one knows this subject better than Ama...
61. Pro Tax Advice directly from my CPA (part one)
12 Jan 2021
Contributed by Lukas
I've mentioned the benefits of being a real estate investor when it comes to taxes in prior episodes, but no one knows this subject better than Amanda...
60. Are the Numbers You're Hearing Real? (And What's a Pro Forma?)
05 Jan 2021
Contributed by Lukas
We often hear statistics that seem to be good to be true… and oftentimes they are! Percentages in particular can be the most misleading if we have n...
59. 6 Steps to Get Started as a New Investor
29 Dec 2020
Contributed by Lukas
There is so much data out there. Invest here, invest there, now is a bad time, now is a good time, and so on and so on. So where do we start? What sho...
58. Are You Pricing Your STR Right?
22 Dec 2020
Contributed by Lukas
I am constantly learning and improving my rentals and my goal with the podcast is to pass all of that on to you. Part of my continued education includ...
57. Is the Hotel Industry FINISHED?
15 Dec 2020
Contributed by Lukas
Hotels have been hit harder than ever before in our lifetimes and many, unfortunately, cannot hang on. They're going out of business. Hotels that have...
56. Short-Term vs. Long-Term Rental? How Much Does it Really Cost?
08 Dec 2020
Contributed by Lukas
There are a lot of obvious differences in the costs between operating a short-term rental and a long-term rental, but how much more does it really cos...
55. Insider Tips From a VRBO Account Manager
01 Dec 2020
Contributed by Lukas
We've talked about the importance of having your short-term rentals on multiple online listing platforms (OTA's). It increases your listing's exposure...
54. Looking for Help Managing Your Properties?
24 Nov 2020
Contributed by Lukas
Are you looking for a little extra help to manage your properties? Maybe someone to help answer guest questions, coordinate housekeeping and maintenan...
53. 5 Steps to Combat Smoking in Your Unit
17 Nov 2020
Contributed by Lukas
Along with the legalization of marijuana in many parts of the world has come a variety of new apparatuses and misunderstandings about whether it's ok ...
52. Airbnb Took Down ALL of My Listings, This Could Happen to You!
10 Nov 2020
Contributed by Lukas
Most of us use Airbnb to market our rentals to potential guests because they have become one of the most popular platforms (OTA's) and because they sp...
51. Three questions to ask yourself before selling
03 Nov 2020
Contributed by Lukas
Supply in the US is at a historic low, in fact the lowest it has ever been in many markets! That's one of the reasons prices are so high and also why ...
50. The REAL Secret to Accomplishing Anything (Special 50th Episode)
27 Oct 2020
Contributed by Lukas
I can't believe we've hit our 50th episode! We've released one episode per week which means it's almost been a year already! Wow, how time flies. So. ...
49. A Designated Workspace is a MUST Have
20 Oct 2020
Contributed by Lukas
Do you have a workspace in your short term rental? More people are working from home than ever before so it's imperative that we have a work space for...
48. How to Determine if You Will Do Well in a NEW Market
13 Oct 2020
Contributed by Lukas
It can be nerve wracking investing in a new market. Will a short-term rental do well there? What happens if it doesn't stay booked? Is there too much ...
47. What Keeps Us From Purchasing Investment Properties Remotely? (F**R)
06 Oct 2020
Contributed by Lukas
Purchasing property can be scary. Purchasing property in a new market you're not familiar with will undoubtedly be more scary. How do we know if a new...
46. How to Handle Negative Reviews?
29 Sep 2020
Contributed by Lukas
They are never fun to get but YOU WILL get them; the dreaded "Negative Review." Our guests are not always right, but it's our job to make them feel th...
45. Hiring Your OWN Housekeeping Team (Pros and Cons)
22 Sep 2020
Contributed by Lukas
There are multiple house keeping options for your short-term rentals, but not all of them will be the best fit or make the most sense for you. Dependi...
44. Should We Hire a Housekeeping Company or An Individual?
15 Sep 2020
Contributed by Lukas
There are multiple house keeping options for your short-term rentals but not all of them will be the best fit or make the most sense for you. Dependin...
43. They Rhyme With 'Shmed Shmugs' and They Could Cause HUGE Issues for You!
08 Sep 2020
Contributed by Lukas
You may have heard of these little bugs. Little bugs that have the potential to wreak havoc on your short-term rental(s). Little bugs that only seem t...
42. What You Need to Know About Working With Contractors
01 Sep 2020
Contributed by Lukas
Almost every real estate investor has been or will be involved with property improvements, repairs, or general maintenance at some point which means t...
41. Unanticipated Changes in Housing (From COVID-19)
25 Aug 2020
Contributed by Lukas
Covid-19 has had tremendous effects on the whole world. Many of those effects have been obvious but there are few underlying changes that could potent...
40. The Top 3 Causes of Damage
18 Aug 2020
Contributed by Lukas
There's no doubt about it, your properties will require maintenance. Broken glasses, scuffed walls, stains on rugs, etc. Let's take a deeper dive into...
39. A Password for Everything! How to Manage Them All Effortlessly
11 Aug 2020
Contributed by Lukas
Is there anything anymore that doesn't require a password? Not really. From banking to your Kindle account and everything in between - you can't acces...
38. Is a Short Term Rental the Best Use for Your Real Estate?
04 Aug 2020
Contributed by Lukas
Often when we hear about real estate it's usually referring to housing and the places we live in. But real estate goes so much further than that! Chan...
37. Remote Airbnb Check In vs. Check In at One of the Largest Hotels in the World!
28 Jul 2020
Contributed by Lukas
We mentioned it before but now it's official! Some of the world's largest hotels are now using self check in. Tune in for a brief first hand encounter...
36. How Much Time Does it Really Take to Manage an STR?
21 Jul 2020
Contributed by Lukas
Quite possibly the most intimidating piece of managing short-term rentals is the time involved. But how much time does it really take? Can you really ...
35. Quite Possibly the BEST Tax Break Ever (1031 Exchange)
14 Jul 2020
Contributed by Lukas
Perhaps one of the best tools ever for creating wealth for real estate investors is the section of the tax code 1031. This special little tax advantag...