Michigan Short Term Rentals

How are you protecting your property? Are you relying on the OTA's protect your ASSets?

Today Tony and Jordan discuss how they mitigate risk for the properties they own and manage.

Get tickets to the Michigan Short Term Rental Conference at

Today Jordan and Tony walkthrough their guest messaging sequence. Messaging for pre-stay, during the stay, and post stay.

Get a couple tips to optimize your stay.

Did we forget something? Send us a note.

Get tickets to the Michigan Short Term Rental Conference at

Today Jordan and Tony discuss 3 business ideas that could easily be worth millions of dollars if executed upon.

Most business ideas start with scratching your own itch and these are a major pain point for many including us.

Get tickets to the Michigan Short Term Rental Conference at

Airbnb recently sent out an important email that you will likely need to take some action on.

If you didn't catch it, your listing could be removed.

Get tickets to the Michigan Short Term Rental Conference at

Today's guest is Fred Boothby. Fred started his STR journey renting out a single room in his family home. Today he is doing massive projects, including a 60+ acre resort on the side of a mountain in north Georgia.

Today we have a guest, Bob Ekman joining the podcast.

From a young age, Bob knew he wanted to get into the hospitality world.

Today Bob owns a massive property in Big Rapids, Michigan and Grass Lake, Alabama where he gets 50%+ direct bookings.

Bobs properties:

Jordan and Tony get the opportunity to interview Matt Stillman on today's episode.

Matt owns 30+ short term rentals, a property management company, real estate brokerage, and a vacation rental design company.

See how Matt is pushing the envelope with his rentals (listen for his Marvel themed house in Michigan).

Connect with Matt:

Instagram @mybrokermatt

This episode isn't about industry-specific guides; instead, it focuses on three diverse and influential books from various fields.

We extract and discuss key insights from these books, demonstrating how their concepts can be innovatively applied to enhance your STR business.

Whether it's about improving customer service, streamlining management, or boosting profitability, these books offer a treasure trove of wisdom. Tune in to transform these universal principles into effective strategies for your STR venture.

Book

The Power of Moments

Extreme Ownership

Blue Ocean Strategy

Gold Sponsor

Everybody knows that vacation rentals are a hospitality business.

How would your business change if you started thinking about your business as a marketing business instead?

Here we discuss 5 marketing tactics for your vacation rental.

Platinum Sponsor

Something that you typically think of as a detriment to your listing can be a real asset. Here we dive into what it is and how to utilize this asset.

Luther Trook

Tony and Jordan deep dive three properties across Michigan to see why their calendar is staying booked up.

Get some insights and tips for helping you get more bookings at your property.

Listings:

Today, Tony and Jordan talk about going all in on your guest persona.

Don't try to appeal to everybody! Know who you're targeting then upgrade your listing to appeal to them even more.

Photos, amenities, and listing description all need to be geared towards your ideal guest persona.

Discover the often-overlooked element that could drastically elevate your vacation rental business.

No, it's not new photos or amenities.

It can be far more impactful.

Tune in to find out.....

Master furnished finder and mid-term rentals with Katie Lyon & Kelly Bailey.

Dive deep into optimizing your Furnished Finder listings, uncovering top rental spots in Michigan, and learning how to identify lucrative markets.

This episode is a treasure trove of insider tips and strategies from two industry experts. Whether you're a seasoned landlord or new to the rental game, Katie and Kelly's insights will help you elevate your rental property's appeal and profitability.

Earlier in 2023 Jordan and Tony made some BOLD predictions on what's going to happen in the short term rental industry, primarily in Michigan.

Did they get it right?

Did they swing and miss?

Tune in to find out.

Discover a highly effective mid-term rental strategy that isn't being talked about. Join us as we dive into this approach, revealing how it's generating remarkable leads and consistent mid-term rental bookings.

In this insightful episode, join us as we discuss the world of vacation rentals with industry expert Steve Trover.

We explore how to use feedback to drive constant improvement and discuss the critical strategy of beginning with the end in mind.

Steve reflects on the complexities of juggling visionary and integrator roles, emphasizes the importance of making tough decisions, like firing, and embracing 36 hours of pain.

Discover why, in this business, the best team truly wins.

Bill reveals his formula for managing time effectively, a crucial skill that's propelled him to success.

He also shares his strategies on how he generates a $1,000,000 net through is short term rental property investments.

This episode delivers the goods. If you are someone wanting to increase their productivity and short term rental success make sure you tune in to this episode with Bill Faeth.

Join us as we dive into the world of vacation rental property management with Brooke Pfautz, a visionary who grew his business to over 500 properties.

In this episode we uncover Brooke's effective strategies for scaling a property management venture including innovative approaches to client acquisition through direct mail.

Delve into the pivotal Park Township case, examine the current status of crucial legislative bills, and explore the role of vacation rental owners in this evolving landscape.

We'll also discuss proposed taxes and precedents set in other regions, offering a comprehensive view of Michigan's dynamic rental market.

This episode is a must-listen for stakeholders aiming to stay informed and actively shape the future of vacation rentals in the state.

In "Dream Big, Rent Bigger: Dan & Lisa Brady's Guide to Vacation Rental Success," the Brady couple delves into their unique journey in the vacation rental industry. With a keen eye for transforming spaces, Dan and Lisa share insights from converting a '70s lodge into a vibrant rental to managing large properties.

They discuss the challenges of changing housing regulations, the creative process of remodeling on a budget, and the importance of thematic design in attracting guests.

The Bradys emphasize the strategic location of their properties, including a '70s-themed lodge in Traverse City and other themed lodges nearby. They highlight their approach to long-term success, focusing on larger properties that appeal to planners and remain busy even during off-peak months.

Listen to their story of passion, innovation, and savvy business acumen in creating memorable vacation experiences.

Join us as Arthur Colker, founder of StayFI, dives into how his technology is turning one-time stays into repeat bookings.

Discover the secrets of effective email marketing strategies to collect ALL the guests emails, getting them to to back, and reducing reliance on third-party booking platforms by driving direct bookings to maximize profitability.

Tune in to learn how StayFI started and how you can use it to propel your vacation rental business forward.

In this episode, Mark & Heather Jones detail their transformative journey from property management woes to success in Northern Michigan. They share the highs and lows of reclaiming control, revitalizing their bookings, and creating exceptional guest experiences with a touch of local charm.

Tune in for an inspiring tale of grit, guest gaffes like the great tree debacle, and the art of curating fully loaded retreats that feel like home.

Join us as The Karwells unveil the art of growth through letting go.

In this episode, they share how strategic release of control turned challenges into triumphs, transforming their Airbnb venture from hands-on management to a thriving mentorship program.

Discover the pivotal decisions that reshaped their entrepreneurial journey and learn how you, too, can leverage the power of letting go for success.

Join us as we delve into Ashley Harker's unique rental playbook, where she masterfully blends short-term, mid-term, and arbitrage strategies.

Gain insights into how she's navigated the rental market, discover her secrets to scalability, and learn how she's crafted a portfolio that delivers results.

Join us as we navigate the electrifying path Matt took from handling schematics to crafting a winning RV booking strategy. Matt's story isn't just about a career shift—it's a testament to adaptability, leveraging past skills for new ventures, and seizing opportunities.

Unearth the nuances behind his rapid ascent in the RV world.

This episode promises a blend of inspiration, practical lessons, and a journey of sheer determination.

Journey through a transformative vacation rental adventure sparked by a stay at a lavish Chicago hotel.

Discover how the opulence of city hospitality ignited a passion, how an unexpected tragedy intensified a mission, and how the audacious vision of converting a grain bin became an unforgettable rental experience.

This episode promises an emotional, inspiring, and groundbreaking exploration into the world of unique vacation stays.

We unpack the art of utilizing the offseason to create a remarkable peak season. Every quiet moment is an opportunity, and in this episode, we zero in on how we are using our off-season.

Discover the transformative power of enhancing hospitality photos to appeal to potential guests, the impact of refining post-stay communication to foster loyalty and return visits, and the intriguing results of experimenting with fee removal.

If you're aiming to make your next peak season the most lucrative yet, this discussion is your game-changer.

Dive deep into the world of short-term rentals with Brandon Beaudoin, a vacation rental owner with footprints in both Michigan and Tennessee.

Unpack the distinctions, advantages, and experiences of managing properties across these two vibrant states.

A special highlight? His Michigan property's staggering success with a gross of $130,000 this year!

Delve into the dynamic world of vacation rentals as Tony shares his journey in the industry on the Alex & Annie podcast. Learn how he started, what tech stack is used, favorite places to learn about the industry, and more.

Welcome to an eye-opening episode that takes a hard look at the less glamorous side of vacation rentals. A must-listen for anyone considering this investment or those looking to refine their existing operations.

We discuss the five key risks that every property owner should be aware of—from financial pitfalls to legal considerations and guest-related issues.

What are the hidden challenges you may not have thought of? How can you prepare for the unexpected?

Our insights will equip you with the knowledge to navigate these potential hazards and make informed decisions. Whether you're an industry veteran or a newcomer, this episode is a comprehensive guide to understanding and mitigating the risks that come with the territory.

Tune in to fortify your business strategy and safeguard your investment.

Reviews can make or break your vacation rental business. How do you avoid the dreaded negative review, and what should you do if one appears on your listing?

In this episode, we delve deep into the art and science of Damage Control. We'll share proven techniques for preventing negative reviews. But we won't stop there; we'll also arm you with strategies to respond to unfavorable reviews in a way that not only salvages your reputation but may even convert vacation shoppers into customers.

Listen in and take your vacation rental business from vulnerable to invincible.

Today, we're diving into the 'The Perfect Stay: 10 Essentials for an Unforgettable Vacation Rental Experience.'

Whether you're a seasoned host aiming to refine your offering or a newcomer looking to make a splash, this episode covers it all. From the vital first impression to the fond farewell at check-out, we break down the top 10 components that can make or break a guest’s stay.

Don't miss out on this comprehensive guide to creating a vacation rental experience that earns rave reviews!

In this episode, we tackle a unique conundrum facing many short-term rental hosts in Michigan: Should you intentionally present your property as 'less than' through your photographs to ultimately 'wow' your guests upon arrival?

Many hosts find that guests often say the property looks better than the pictures. Is this an advantage or a missed opportunity? We'll examine the strategy of using less-than-perfect photos to set modest expectations, thereby setting the stage for a delightful over-delivery of the actual experience.

Unlock powerful strategies for your vacation rentals in this episode of Michigan Short Term Rentals. Tune in as we unpack three transformative takeaways from a game-changing Short Term Rental Bootcamp.

Elevate your rental's potential and revolutionize your hosting approach with expert insights and real success stories.

As the year hits its midpoint, we delve into the world of vacation rentals, sharing seven invaluable lessons that have emerged from the experiences of owning and operating rentals in Michigan.

In this episode, we delve into the critical decision of whether to self-manage your vacation rental or opt for professional property management. We present five crucial questions that will help you assess your unique journey as a vacation rental owner.

By exploring the pros and cons of self-management, we aim to empower you with valuable insights and practical tips to make the right choice for your property. Tune in to gain a clear understanding of the responsibilities, challenges, and rewards involved in self-managing your vacation rental.

Whether you're a seasoned host or just starting in the industry, this episode will provide the clarity you need to make informed and successful decisions for your rental venture.

In this episode, we delve into 3 BIG takeaways from Ryan Pineda's WealthCon, a pinnacle event for entrepreneurs and real estate investors.

Apply these to your vacation rental business and life to take it to the next level.

Today's podcast is a must-listen for budding investors in the vacation rental market.

We delve into practical strategies, pinpoint profitable areas, and reveal key formulas to evaluate properties in Michigan. With a budget range of $250K-$350K, we'll guide you on how to maximize your returns, avoid common pitfalls, and transform your investment dream into a lucrative reality.

Perfect for newbies ready to embark on their rental journey."

In this episode, we unravel the three most important aspects of vacation rentals. It's not amenities, it's not design, or even proximity. It's more important than that. Make sure these are front and center for you and your vacation rental.

In this episode of "Michigan Short Term Rentals," we delve into the world of Airbnb to evaluate a brand new listing. Join us as we embark on a thorough exploration of this rental, uncovering its strengths, weaknesses, and untapped potential.

With a critical eye and a genuine desire to provide constructive feedback, we examine every aspect of the listing, from its amenities to its overall ambiance and guest experience. We share our personal experiences, highlighting the aspects that impressed us and discussing areas where improvements could be made.

Tune in to this episode for an in-depth analysis of the listing, as we provide a balanced review that aims to assist both the hosts and prospective guests. Discover the good, identify the bad, and explore the possibilities as we evaluate a new Airbnb listing in Michigan.

Today we discuss a new strategy, The Furnished Flip. Join us as we dive deep into the world of real estate investment and explore how you can leverage this powerful formula to maximize your profits in Michigan's booming short-term rental market.

Discover the step-by-step process of transforming a property into a stunning, fully-furnished vacation rental that commands premium rates and attracts rave reviews from guests.

Once you have a track record of success, listing your house as a turnkey vacation rental.

In todays Michigan Short Term Rentals episode, we dive into the world of hot tubs with "Hot Tub Cody." Join us as we explore Cody's Playbook for creating unforgettable vacation experiences through safe and well-maintained spas. Discover best practices for maintaining hot tubs, ensuring guest safety, and enhancing overall guest satisfaction.

Get ready to be inspired by Hot Tub Cody's expert advice. Tune in now and elevate your guests' relaxation to a whole new level.

Connect with Cody:

Instagram:

Join us in this episode as we dive into the exciting world of vacation rentals and explore the unique blend of topics that shape the landscape in Michigan.

We kick off the discussion with a deep dive into our pickleball property in South Haven. Will it be a key amenity for vacationers in the area?

We discuss the battery plant project located near Southwest Michigan and its impact on the local economy, job market, and real estate.

We'll analyze the recently released Airdna mid-year market report, which offers valuable insights into the short-term rental market.

Tune in and join us for an engaging conversation around pickleball, the SW Michigan battery plant, and the invaluable insights provided by Airdna's mid-year report.

Join us as we unpack the legal battle between Airbnb and NYC over short term rentals, explore the recent tax shake-up in California with a 15% tax on Airbnb and VRBO stays, and delve into the growing demand for pet-friendly properties.

Discover the intricacies of Airbnb's lawsuit against NYC and its implications for hosts and travelers alike. Get insights into California's proposed tax policy and how it affects vacation rental owners and guests. Plus, we take a closer look at the booming market for pet-friendly accommodations, as more travelers seek unforgettable experiences with their furry companions.

Whether you're a short term rental host, a traveler, or simply interested in the industry's latest developments, this episode is a must-listen. Tune in to gain valuable knowledge, stay informed, and navigate the dynamic landscape of short term rentals. Don't miss out on this riveting discussion on the hottest topics in the industry.

In this episode of the Michigan Short Term Rentals podcast, we delve into the fascinating world of tax advantages for vacation rental owners. Our special guest, Tyler D. Harris, a high-level CPA with extensive experience in the field, joins us to discuss the hidden gem known as the Short-Term Rental Loophole.

Join us as we uncover the secrets that can transform your tax returns and maximize your profits. Tyler breaks down the intricacies of this loophole, sharing valuable insights and practical strategies that can significantly impact your financial success.

From uncovering deductions and credits to navigating the ever-changing tax landscape, this episode is your ultimate guide to unlocking the full potential of your vacation rental business. Whether you're a seasoned owner or just getting started, you won't want to miss this opportunity to gain a competitive edge.

Welcome to the "Michigan Short Term Rentals" podcast, and our latest episode, "From Ordinary to Extraordinary: Cultivating a Winning Vacation Rental Mindset". This episode is not about interior design tips or the best local sights to recommend to your guests - it's about something more fundamental: the mindset of successful hosts.

In this journey, we'll delve deep into the resilient and adaptable mental framework that allows top hosts to handle the unexpected, ensure their guests are always taken care of, and navigate the dynamic world of vacation rentals with grace and fortitude.

Learn how to foster mental agility to overcome challenges, develop a pro-active attitude, and always prioritize their guest's comfort and satisfaction, all while maintaining a balanced and thriving business.

Whether you're an emerging host learning the ropes or an experienced operator seeking to improve, this episode will provide you with valuable insights to sharpen your mindset. So, tune in and discover the secret behind transforming from an ordinary host into an extraordinary one. This is the episode that changes the way you think about hosting. Don't miss it!

Discover the incredible ways artificial intelligence (AI) is revolutionizing the vacation rental industry in this episode of Michigan Short Term Rentals.

From optimized pricing strategies to personalized guest experiences, AI is reshaping how we book, manage, and enjoy vacation rentals.

Join us as we explore five key ways AI is transforming the industry and uncover the future possibilities. Tune in to gain valuable insights and stay ahead in this rapidly evolving market.

In this episode we delve into the exciting world of vacation rental investments and unveil three powerful strategies that will help you secure a better deal on your next purchase. In today's competitive market, buying a turnkey traditional 3-bedroom, 2-bathroom SFH may not always be the most lucrative option. Instead, we explore alternative ways to add value to your investment for a more advantageous deal.

Join us as we guide you through innovative approaches that go beyond the conventional methods. Discover hidden gems and properties with untapped potential that can be transformed into short term rentals. We share insights on how to identify alternative paths to property success and maximize your investment returns.