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TURNING GAP DATES INTO PROFIT

TURNING GAP DATES INTO PROFIT

FromSTR Unfiltered


TURNING GAP DATES INTO PROFIT

FromSTR Unfiltered

ratings:
Length:
12 minutes
Released:
Sep 15, 2023
Format:
Podcast episode

Description

This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.
Join Bill in this episode as he delves into the secrets of the top 1% of Airbnb earners during the off-season. Bill shares his own strategy for maximizing bookings and revenue at his properties, including his minimum night requirement and the innovative 3-2-1 method (three nights on weekends, two nights during the week, and a one-night gap night).
Discover how Bill taps into the psychology of those gap nights to enhance the guest experience. By offering bonus time at a discounted rate, he tests whether guests with a gap night between them would opt for earlier check-ins or later check-outs. He sends a thoughtful email to both guests, emphasizing the benefits and also highlighting the challenges of same-day turnovers for his cleaning crew. The result? An astonishing 40% increase in his portfolio with filling those previously vacant gap nights.
Bill's approach isn't just for those driving to the property; it's especially effective for travelers flying into a location. Many guests yearn for an immediate sense of comfort and convenience, making the offer of extra time at a reduced cost all the more tempting.
In the competitive world of Airbnb hosting, Bill underscores the importance of diversifying your techniques to attract more guests, especially during the off-season. Filling those elusive gap dates is just the beginning of boosting your overall revenue. Tune in to learn how you can join the ranks of the top 1% of Airbnb earners with tips like these. Don't miss out on this insider knowledge to level up your hosting game!

[00:00] Intro
[00:10] Gap Dates
[01:25] Lead Time
[02:28] Gap Nights
[03:30] Check In Check Out
[08:52] My Year
[10:35] Wrapping Up

The Superhost Library covers everything a successful host needs to know and understand to buy the right properties, mitigate risk, and maximize profit, all while creating a unique experience for guests and building long-term wealth. Click Here to Learn More > https://buildstrwealth.com/thelibrary

Watch this episode on our Youtube Channel Every Tuesday & Friday
https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA
The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508
You can find more of Bill online at:
Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1
Build STR Wealth: https://buildstrwealth.com/
Instagram: @BillFaeth73
Tik Tok: @bfaeth
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Released:
Sep 15, 2023
Format:
Podcast episode

Titles in the series (100)

Short Term Rentals have been a game-changer for the real estate industry. And no one knows this better than Bill Faeth. As a successful Short Term Rental Investor and Host, Bill has seen firsthand how powerful the Short Term Rental model can be. And now, he's sharing his knowledge with the world through his new podcast, STR Unfiltered. On each episode, Bill breaks down the ins and outs of Short Term Rental Hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Whether you're just starting in Short Term Rentals or looking to take your business to new heights, STR Unfiltered is a must-listen. So what are you waiting for? Tune in today and learn from the best in the business!