Curious about using AirBnB for your home or a rental? Today’s guest wrote the book on how to get paid for your pad, literally. Jasper Ribbers is the co-author of the Amazon Best Selling book, Get Paid For Your Pad – How To Maximize Income From Your AirBnB Listing. He also hosts the podcast of the same name. Jasper shares how he quit his job to move to Brazil and made $60,000 using AirBnB. He gives his tips and advice to help you maximize your income no matter where your property is located. Jasper also discusses why he sold his place in Amsterdam to invest in Columbia and the Philippines due to changing government regulations. No matter where you live or where you invest, if you are even remotely interested in AirBnB, you need to listen to today’s episode of Target Market Insights.
Key Market Insights:
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How Jasper quit his job and discovered AirBnB: Moved from long-term rentals to AirBnB and tripled his income
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How to get started on AirBnB: Free to create a listing, Do research before you start, Check out Jasper’s blog, New hosts get a temporary bump in platform visibility, Create a great listing to get momentum quickly
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Mistakes new AirBnB hosts make: Listing without understanding what guests want, no prior experience being an AirBnB guest, poor photo quality and choices
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AirBnB will send out a photographer for free to take high quality images of your place
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How to create a top-notch guidebook: Details on the neighborhood; Your personal suggestions on coffee shops, art galleries, and other local attractions
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Changes in regulations that affect AirBnB businesses: Larger cities with housing shortages are cracking down including Amsterdam, London, Paris, New York, San Francisco, and Chicago
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Factors when considering locations for AirBnB properties: Doesn’t have to be a tourist destination, Create a high-end experience in regions that have fewer of those options
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Jasper purchased apartments in Carabao Island, Philippines anticipating increased travel demand from China; and Calí, Columbia to provide a luxury experience for US and European travelers.
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How to find a property manager: Start with your personal network, Find relevant Facebook groups to post your requests, Short-term property management companies, Connect with other AirBnB hosts within your region
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Is your spot a good fit for AirBnB? Ask yourself if there are hotels nearby, Search AirDNA for reports about your area, Use sites like Expedia and Priceline for research, Consider multiple travel trends of the area (outside of tourists)
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How to stay on top of AirBnB trends? Listen to Jasper’s podcast, Use Google Alerts, Join Facebook Groups
Tweet This:
“If the pictures aren’t great, people just won’t book.” — @GetPaidForUrPad #AirBNB “It’s not just the big cities doing well on AirBnB, it’s business travelers and people visiting families” – @GetPaidForUrPad “People choose AirBnB to have a local experience; the host is the perfect person to help deliver this experience” – @GetPaidForUrPad
Resources and Links Mentioned
AirBnB AirDNA Expedia Priceline
Favorite Destination: Brazil
Favorite Place to Eat: Thailand, a dish called Phat si-io (Pad See Ew)
http://www.thaitable.com/thai/recipe/pad-see-ew
Connect with Jasper
Website: www.getpaidforyourpad.com
Podcast: https://getpaidforyourpad.com/podcast-2/
Twitter: GetPaidForUrPad Facebook: www.facebook.com/getpaidforyourpad Email: jasper@getpaidforyourpad.com