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7 Profitable Ways To Grow Your Direct Booking Website

Author: Keiran Griffiths | CMO Lifty Life Vacation Rentals Many short term rental operators are looking to improve their online visibility, rely less on the large […]
March 20, 2022

Wheelhouse v. Beyond Pricing v. Pricelabs: Comparing Popular Airbnb Pricing Tools

As an Airbnb host, you know how important it is to set the right price for your short-term rental.But, there’s a lot of work that goes […]
March 20, 2022

Airbnb Demand Drivers Every Host Should Know in 2021

Beyond's Dynamic Pricing Tool as a way to price for seasonality, day of the week, and local events/holidaysKeep the same price on your short-term rental every […]
March 20, 2022

Investing in Short Term Rentals : Lessons From a Legend

I’ve been getting a ton of questions from you guys about investing in short term rentals,  and how to start growing your business.  So,  this month I […]
March 20, 2022

9 Lessons To Help You Grow Your Airbnb Business in 2021

Add Beyond's Dynamic Pricing Tool as a way to grow Airbnb Business 2020 was a roller coaster ride for short-term rental hosts.  So, what did Airbnb hosts […]
February 5, 2022

Pet-Friendly Airbnb Marketing Tips

*This is a guest post by Hostaway, a Property Management System (PMS) that comes integrated with its very own channel manager. Reach out to the Hostaway […]
August 19, 2021
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Ultimate Guide to Providing Broadband Internet in Your Airbnb Property

Airbnb has been a revolution for the hospitality industry. With regular homeowners able to list properties for temporary lets, the platform has been a boom with modern […]
August 4, 2021
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From Hectic Host to Millionaire Manager

Airbnb hosts pay attention...there's a brand new online event coming up called From Hectic Host to Millionaire Manager. This FREE event will take place on Thursday August […]
February 3, 2021

Work in Paradise: Airbnb Trends Towards Remote Workers in 2021

It's no secret that remote work has increased dramatically this year. This has caused one of the biggest Airbnb trends of the year – catering to […]
January 27, 2021

How To Setup Your Digital Airbnb Guidebook In 2021

Guests have more questions now than ever.  If you've traveled recently, you've probably had a few questions yourself. You're wondering if the Google hours at the […]
January 6, 2021

Prevent House Parties at Your Airbnb: Tips for 2021

With all the social restrictions in place right now, people are itching for ways to let go.   If you’re an Airbnb host, a house full […]
December 30, 2020

How to Make Your Airbnb Pet Friendly and Increase Revenue up to 25%

Have you considered making your Airbnb pet friendly? Many people are traveling closer to home with new restrictions. This means they are bringing the whole family, […]

Today, my business partner Eric and I are focused on buying property and building a hospitality brand. We also run a short-term rental mastermind as well as the Legends X coaching program.

But we started just like everyone else, hosting a single property on Airbnb.

And the reason why we can teach at such high level is because we’ve been through it all ourselves. We’ve run into challenges, made mistakes, figured out how to problem-solve and move forward.

On this episode of Get Paid for Your Pad, Eric explains how he got started with Airbnb, walking us through his transition from house flipping real estate investor to short-term rental entrepreneur.

He describes what inspired his vision to build an online business in the real estate space, how he discovered the opportunity in STRs and why he pivoted from rental arbitrage to a management model.

Listen in as Eric shares his craziest guest experience and learn how you can benefit from our mistakes and scale a STR business of your own!

Topics Covered

Eric’s background in real estate investing

  • 10 years of raising money to flip houses
  • Added Section 8 apartment buildings

Eric’s introduction to being a digital nomad

  • Met John Lee Dumas 7 years ago
  • Vision for online business in real estate

Eric’s move from New Jersey to San Diego

  • Built network of entrepreneurs in CA
  • Room at Epic Entrepreneur House

What inspired Eric’s focus on short-term rentals

  • Met STR entrepreneur as Airbnb guest
  • Realized could automate with tech

Eric’s first Airbnb property in San Diego

  • Opportunity to lease 2BR in La Mesa, CA
  • Made $2K profit in first month

Why Eric pivoted away from an arbitrage model

  • Learned ups and downs of market in crash
  • Recognized leasing too risky to scale

The power of the management model

  • Managed vacant units for HNWI as STRs
  • 3X revenue of leases without paying rent
  • Use profits to buy property, build wealth

What Eric would do differently if he could go back

  • Focus on building portfolio in single market
  • Stick to one business model, property type

How Eric dealt with challenging guests early on

  • Recognize where failed and solve problem
  • Grow as person, make better decisions

Resources

John Lee Dumas of Podcasters’ Paradise

The Epic Entrepreneur House

Eric on Get Paid for Your Pad EP175

Overnight Success

Review Get Paid for Your Pad on Apple Podcasts

Legends X Short-Term Rental Accelerator

STR Legends Mastermind

Email jasper@getpaidforyourpad.com

Sponsor

Hostfully [Discount Code PAD]

October 29, 2021

How Eric Got Started with Airbnb (Ep419)

  Today, my business partner Eric and I are focused on buying property and building a hospitality brand. We also run a short-term rental mastermind as well […]
January 9, 2017
How digital nomads use Airbnb

EP117: How Digital Nomads Use Airbnb

Have you ever wondered what it would be like to sell most of what you own and live the life of a digital nomad? Jasper’s guest […]
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