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.
300. Hosting Hotline: Should Your Direct Booking Website Reveal Your Address?
299. InvestHER: Building a Community to Empower Women to Thrive in Real Estate
Vacation Ventures 002. Creative Deal Structuring with Bill Cook (Success Unlocked S1)
298. Hosting Hotline: Taylor Swift Is Coming to Town! Strategizing Your STR for Marquee Events
297. Build Relationships & Solve Problems: Breaking Into Mid-Term Rentals
Co-Hosting Confidential 001. Aces in Their Places: Tips for Team Building (Success Unlocked Season 1)
296. Hosting Hotline: Informing Guests of Construction At Your Airbnb
295. ChatGPT X Airbnb? Learn How To Utilize AI in Your STR Business
Systems Shakedown 001. Secrets of Bachelorette Party Houses (Success Unlocked Season 1)
294. Hosting Hotline: Tips on Collaborating With a Stubborn Property Manager
293. 70% Direct Booking: Learn How Jenn Boyles Works Her Marketing Magic
Vacation Ventures 001. Influencer Collab Secrets Revealed (Success Unlocked Season 1)
292. Hosting Hotline: No Bathroom? No Problem! Getting Scrappy With a Brand New Listing
291. Boardrooms to Bedrooms: How An NYC-Based Host Crushed Hospitality in the Hudson Valley
290. Hosting Hotline: Combination Listing Strategies: Renting a Main House + Backyard Cottage on Airbnb
289. Hosting Hacks: Our Favorite Tools for STR Success
288. Hosting Hotline: STR Direct Booking Strategies
287. Crack the Guest Code: Use Quizzes to Figure Out the Perfect Vacation Rental Stay
286. Hosting Hotline: Can’t Beat ‘Em? Join ‘Em: Dealing with Your HOA as a Short-Term Host
285. Profit First: The Secret to Making Real Money in Real Estate Investing
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