994: Airbnb Has Changed: Make More Money Even with Regulations & New Competition w/Rent to Retirement CEO

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Investing, Business

4.8 • 16.6K Ratings

🗓️ 24 July 2024

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

Airbnb has changed, and if you don’t change with it, you could see your income start to dwindle. The good news? If you get ahead of the curve, you could make SUBSTANTIALLY more money from every short-term rental you own, EVEN if you’re not in a vacation destination. So, what do you need to do NOW to get more guests, bookings, and money from your short-term rental investment in 2024 and 2025? Experienced short-term rental investor and CEO of Rent to Retirement, Zach Lemaster, is here to help. You may know Zach as the turnkey rental guy, but his skills go FAR beyond long-term rentals. Zach owns the highest-grossing short-term rental in the ever-popular Breckenridge, Colorado. This is a HOT short-term rental market with fierce competition, but even so, Zach’s vacation rental stands out from the rest. How did he do it, and what changes can YOU make to your Airbnb experience to become the best in your area? Today, Zach gives a masterclass on Airbnb and short-term rental hosting. He covers market trends he’s seen in 2024 and into 2025, dodging regulations, and what to look at BEFORE you buy. Zach even shares easy ways to stand out and the amenities that will wow your guests so they keep coming back for more. Plus, he’ll give tips on what you can do NOW with your current Airbnb to quickly increase bookings! In This Episode We Cover A short-term rental industry update and why hosts MUST make changes now Guest trends and why people want better deals and experiences, not just places to stay How to avoid short-term rental regulations and what to do if your area already has them How to easily stand out in your market by providing top-notch amenities Simple tweaks to your listing that will get you more bookings 2025 short-term rental predictions and what hosts should know And So Much More! Links from the Show Get a BIG incentive on turnkey rentals from today’s show sponsor, Rent to Retirement. Text “REI” to 33777 or visit them here: https://www.renttoretirement.com/ Join BiggerPockets for FREE BiggerPockets’ Instagram Ready to Invest? Grab the Book, “Short-Term Rental, Long-Term Wealth” Find an Investor-Friendly Agent in Your Area See Henry and Zach at BPCON2024 in Cancun! Are You Getting Less Bookings for Your Short-Term Rentals? Here are 3 Ways to Get More (00:00) Intro (01:36) The Best Short-Term Rental Ever? (02:53) Airbnb is Changing (11:11) Airbnb is Changing (13:34) Regulations and Airbnb Bans (20:51) How to Stand Out (24:45) Tips to Increase Bookings (31:49) 2025 Predictions (35:16) Meet Zach at BPCon24! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-994 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	What is going on in the short-term rental space and how can you optimize yours?
0:04.0	Are the new regulations coming going to kill off short-term rentals and how much of my portfolio should be short-term rentals?
0:11.0	Today we have an insider chat with a seasoned investor who isn't
0:14.9	Rob Ebbosolo or Tony Robinson and he's going to answer all of these
0:19.2	questions for us on today's episode. Hello investors, I'm your host Henry Washington and today I'm doing a solo show
0:29.6	as our other podcast hosts are taking some long needed PTO.
0:34.7	Today we're going to be talking to a fan favorite guest, Zach Lomaster.
0:37.8	Zach's last appearance on the BiggerPockets podcast has over 100,000 YouTube views, so this is a must listen.
0:45.8	Today we're going to be discussing the state of the short-term rental market and we'll talk
0:49.3	about market trends.
0:51.2	We're going to talk about Zach's actual short-term rental portfolio and the specific
0:55.2	strategies he uses to make the most profit on these properties. We'll discuss regulation
1:00.6	and how it is changing the STR landscape, but we'll also talk about how
1:04.5	Zach looks at this and uses it to mitigate his risk. We'll discuss how much of
1:09.2	our portfolios should be short-term rentals in comparison to the rest of our portfolio at large.
1:14.5	And then lastly we'll talk about what does the short-term rental market look like beyond 2025.
1:20.0	We also wanted to mention that BiggerPockets host a conference every year and this year it's in Mexico.
1:25.2	So if you want to learn real estate strategies and get tools to grow as an investor,
1:30.3	make sure to visit W.W.W. BiggerPockets.
1:33.0	Com slash Mexico to learn more.
1:35.0	All right, let's bring on Zaclemaster.
1:37.0	Zaclomaster, welcome to the show.
	...

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