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.
244. Hosting Hotline: Live in Your Own Airbnb Like a Pro
243. Bug Off: Tips for Preventing & Dealing with Bed Bugs
242. Hosting Hotline: Listing Our Neighbor’s Property On Airbnb
241. How to Design A Scroll-Stopping Listing with Bridgette Whitney
240. Hosting Hotline: The Surprising Way Airbnb Reviews Can Skyrocket Your Bookings
239. Not Leaving These 5 Tools for Your Airbnb Guests Could Cost You Big-Time
238. Hosting Hotline: When To Hire vs. When To Self-Manage Your Airbnb
237. 5 Quick Tips for Leveling Up Your Listing
236. Hosting Hotline: The Best Bedding For An Airbnb Wedding Venue
235. Permission To Pivot Your Airbnb Business
234. Hosting Hotline: Division Of Labor for An Airbnb Partnership
233. Jump-Starting Your Airbnb Journey with Ellen Yin, Cubicle To CEO
232. Hosting Hotline: Listing Your Airbnb As A Parent-Child Setup
231. Making Vacation Rentals The Most Respected Travel Vertical
230. Hosting Hotline: How Your Cancellation Policy Affects Your Airbnb Listing
229. Investing for Financial Independence and Empowerment
228. Hosting Hotline: Yes Or No To Sleeper Sofas?
227. Converting A Summer Camp Into Overnight Stays And Event Venue
226. Hosting Hotline: How To Generate Direct Booking Leads Without Airbnb
225. Creating The Nerd’s Guide To Financial Independence
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast