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.
264. Hosting Hotline: Finding the Best Market For Your Airbnb
263. From Teardown to HGTV: Inside Andi Diamond’s 100-Day Beachfront Hotel Renovation
262. Hosting Hotline: Listing A Charming (But Noisy!) Unit for Families
261. Navigating the Challenges of Letting Your Team Members Go
260. Hosting Hotline: There is Suspicious Activity at my Neighbor’s House. What Can I Do?
259. Stay Cool this Summer: 7 Tips for Preparing Your Property for The Season
258. Hosting Hotline: How Have You Had To Pivot In Your Airbnb Business?
257. Unveiling the Secrets of HGTV with Sarah Karakaian
256. Hosting Hotline: Mastering Dynamic Pricing and Modified Bookings
255. The Real Estate Robinsons: Forging A Partnership In Business & In Life
254. Hosting Hotline: How Should I Price my Parent-Child Listing?
253. 7 Essential Apps For Your Airbnb
252. Hosting Hotline: Marketing Your Airbnb: Instagram 101
251. Behind The Scenes Of A Large-Scale Property Management Company
250. Hosting Hotline: How To Hire Inspectors For Your Airbnb
249. Maximizing Revenue: Insights on Dynamic Pricing Strategies with Andrew Kitchell
248. Hosting Hotline: Parent-Child Listings for Neighboring Properties
247. The Ultimate Airbnb Spring Safety Guide with Justin Ford
246. Hosting Hotline: The Power of Education in the Airbnb Industry
245. Investing Abroad: A Guide to International Short-Term Rental Properties
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