Today it’s time to get serious – as serious as a catastrophic house fire. With no exaggeration, it is essential that any short-term rental host, or aspiring host, listen into this entire episode.
This week’s expert guest is Nicholas Libertin. He and his wife live in the Cleveland area and host a vacation rental in Fort Lauderdale, Florida. His area of expertise, unfortunately, lies in his experience with a second listing – a mountain cabin – which tragically burnt down in January of this year.
No one was hurt. But the entire home was lost to the fire.
Nick is incredibly gracious and, in an effort to better educate the STR community, came ready and willing to detail his entire experience with this worst-case scenario come true. He walks us through that fateful day, how he was informed, who he called first, and all of the important roles played – from his insurance (proper.insure) and mortgage providers, to Airbnb and AirCover.
So, what happens when the worst possible thing you can imagine, as an Airbnb host, interrupts your weekday Zoom meeting?
Nick walks us through the painful emotions, the disappointing community fallout, and the difficult decisions that he and his wife were forced into as a result of the fire – providing an invaluable service to all of us in this industry. Be sure to stick around for his well-earned takeaway tips and required homework assignments.
(00:01:22) #STRShareSunday: @cancast_seaside
(00:02:50) Nicholas Libertin: Getting Started in Vacation Rentals
(00:09:27) Intro to Nick’s Blue Ridge Short-Term Rental Project
(00:13:17) A Catastrophic House Fire: January 4th, 2024
(00:24:23) What To Do With a Burned Down Airbnb?
(00:37:20) AirCover for Hosts: Nick’s First-Hand Experience
(00:43:50) Now What? Next Steps at the Property
Resources:
• #STRShareSunday: @cancast_seaside
• Direct Booking: villaatvictoriapark.lodgify.com
• Email: villaatvictoriapark@gmail.com
• Photos: See the post-fire property
• Proper Insurance: proper.insure
• Read: Long-Distance Real Estate Investing by David Greene
• Video: Damage Claims: Airbnb Hosting Hot Tips!
• Airbnb Essentials Checklist: hostchecklist.com
Thanks for Visiting is produced by Crate Media.
Mentioned in this episode:
Host Checklist | Grab our Airbnb Essentials Checklist and make stocking your Airbnb a breeze – we've got all your hosting needs covered!
Minoan | Visit MinoanExperience.com and tell them TFV sent you!
Hostfully | Go to https://www.hostfully.com/influencers/thanks-for-visiting/ and use TFV100 to get $100 off your subscription.
Hosting Business Mastery Method | Join us for our live, free, host masterclass and learn how to OWN your digital real estate!
HBMM | Sign up today at hostmasterclass.com.
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348. Hosting Hotline: Bedding & Laundry Tips for Your Short-Term Rental Business
347. How to Optimize Your Supply Inventory as an Airbnb Co-Host in 2024
346. Hosting Hotline: Short-Term Rental Dreams vs. Mid-Term Rental Demand
345. STR Safety in 2024: The Latest on Regulations, Technology & Trends with Justin Ford
344. Hosting Hotline: Tips & Tricks for Avoiding Pet Smells in Your Short-Term Rental
343. What’s a Public Adjuster? Why Knowing One Might Save Your Vacation Rental
342. Hosting Hotline: Creative Ideas for Concierge Services to Differentiate Your STR
341. Problem Solving Hacks for Beginner Short-Term Rental Hosts & Co-Hosts
340. Hosting Hotline: How Much is Too Much Communication With STR Guests?
339. We Fought Restrictive Local Hosting Laws (and Won): Lessons in Short-Term Rental Advocacy
338. Hosting Hotline: Recommended Training Tools & Software for Your STR Business
337. Broken Motel Dreams: Behind the Scenes of a Failed Real Estate Deal
336. Hosting Hotline: Beginner Steps to Host a Parent-Child STR Listing
335. Tips for Effectively Welcoming Dogs to Your Short-Term Rental
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333. How To Make Facebook & Instagram Ads That Drive Bookings for Your Short-Term Rental
332. Hosting Hotline: Hosting Short-Term Rental Guests vs. Mid-Term Rental Tenants
331. Use Data to Increase Profits in Your Short-Term Rental Business
330. Hosting Hotline: Tips for Starting a Co-Hosting Business
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