{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/5afc793a028014b853c89db4/61721c35e711f500119a5485?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Don't Start an Airbnb Business, Buy One","description":"<p>As Airbnb entrepreneurs who help people start and scale their own short-term rental companies, you may be surprised to hear that, right now, we don’t think you should start a STR business.</p><p><br></p><p>You should buy one.</p><p><br></p><p>There's value creating your own hosting business. If you’re brand new to the industry, it’s a good place to start.</p><p><br></p><p>But if you’re an experienced host with funding, you can create wealth by taking over another business and increasing its value. So, what does that look like?</p><p><br></p><p>This episode of Get Paid for Your Pad, Eric and I sit down to discuss the opportunities we see in buying an Airbnb business rather than starting one from scratch.</p><p><br></p><p>Listen in for insight on where to find vacation rental businesses to buy and learn how YOU can acquire and then increase the profits of existing Airbnbs!</p><p><br></p><h2>Topics Covered</h2><p>&nbsp;</p><p>Why we’re taking over an existing Airbnb business</p><ul><li>Save money on operations to increase profits</li><li>Improve guest experience, property value</li></ul><p><br></p><p>Eric’s insight on raising money through investors</p><ul><li>All based on NETWORK</li><li>Invest in PEOPLE and IDEAS</li></ul><p>&nbsp;</p><p>What investors are looking for</p><ul><li>Rule of 7 (7% return doubles $ every 10 years)</li><li>Strong relationship makes risk manageable</li></ul><p><br></p><p>Eric’s advice to someone who doesn’t have a network</p><ul><li>Focus on one social platform, e.g.: LinkedIn</li><li>Surround self with people in industry</li><li>Be patient</li></ul><p>&nbsp;</p><p>STR market opportunities</p><ul><li> Management model to generate cashflow</li><li>Scale quickly and bring investors into pipeline</li><li>Buy older STR businesses in secondary markets</li></ul><p><br></p><p>How to find existing vacation rental businesses</p><ul><li>Choose market carefully</li><li>Become part of community (network)</li><li>Share your vision, ask for properties</li></ul><p>&nbsp;</p><h2>Resources</h2><p>&nbsp;</p><p><a href=\"https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194\" rel=\"noopener noreferrer\" target=\"_blank\"><em>Rich Dad Poor Dad </em>by Robert T. Kiyosaki</a></p><p><a href=\"https://www.amazon.com/Psychology-Money-Timeless-lessons-happiness/dp/0857197681\" rel=\"noopener noreferrer\" target=\"_blank\"><em>The Psychology of Money </em>by Morgan Housel</a></p><p><a href=\"https://www.sonder.com/\" rel=\"noopener noreferrer\" target=\"_blank\">Sonder</a></p><p><a href=\"https://www.zillow.com/\" rel=\"noopener noreferrer\" target=\"_blank\">Zillow</a></p><p><a href=\"https://vrolio.com/\" rel=\"noopener noreferrer\" target=\"_blank\">Vrolio</a></p><p><a href=\"https://www.airdna.co/\" rel=\"noopener noreferrer\" target=\"_blank\">AirDNA</a></p><p><a href=\"https://www.vacasa.com/\" rel=\"noopener noreferrer\" target=\"_blank\">Vacasa</a></p><p><a href=\"https://www.hicksvillepalace.com/\" rel=\"noopener noreferrer\" target=\"_blank\">Hicksville Trailer Palace</a></p><p><a href=\"https://www.overnightsuccess.io/\" rel=\"noopener noreferrer\" target=\"_blank\">Overnight Success</a></p><p><a href=\"https://podcasts.apple.com/us/podcast/get-paid-for-your-pad-airbnb-hosting-vacation-rentals/id901194206\" rel=\"noopener noreferrer\" target=\"_blank\">Review Get Paid for Your Pad on Apple Podcasts</a></p><p><a href=\"https://www.strlegends.com/x\" rel=\"noopener noreferrer\" target=\"_blank\">Legends X STR Accelerator</a></p><p><a href=\"https://www.strlegends.com/hearfromthelegends/\" rel=\"noopener noreferrer\" target=\"_blank\">STR Legends Mastermind</a></p><p>Email <a href=\"mailto:jasper@getpaidforyourpad.com\" rel=\"noopener noreferrer\" target=\"_blank\">jasper@getpaidforyourpad.com</a></p><p>&nbsp;</p><h2>Sponsor</h2><p>&nbsp;</p><p><a href=\"https://www.hostfully.com/\" rel=\"noopener noreferrer\" target=\"_blank\">Hostfully</a> [Discount Code PAD]</p>","author_name":"Freewyld Foundry"}