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Brick x Brick Podcast

Brick x Brick Podcast

Business:Investing

Introducing AtlanticCityVacationRentals.com - Our New Direct Booking Website!

Introducing AtlanticCityVacationRentals.com - Our New Direct Booking Website!

2023-04-18
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Hosts Ryan Goldfarb and John Errico are back to discuss the benefits of creating their own direct booking website for their short-term rental properties in Atlantic City. Tired of relying solely on third-party platforms like Airbnb, they aim to increase their control over their business and provide a better guest experience. Through their discussions, they cover topics such as RevPAR, pricing strategies, marketing initiatives, the importance of a domain name, and collecting email addresses.

 

[00:00:02] Direct booking website for Atlantic City rentals
[00:04:06] Improving RevPAR through Direct Booking Platform
[00:07:17] The Power of Direct Bookings
[00:10:31] Benefits of Focusing on One Geographic Area
[00:14:01] Measuring Vacation Rental Marketing Success
[00:17:08] Benefits of Dual Property Management/Ownership Model
[00:20:25] Pricing Strategies in Vacation Rental Industry
[00:23:51] Pricing and value issues on Airbnb
[00:27:13] Maintaining Quality for Airbnb Rentals
[00:31:14] Benefits of Using Guesty Channel Manager
[00:34:39] Benefits of a Suitable Domain Name for SEO
[00:38:03] Marketing approach for vacation rental properties
[00:41:30] Email Collection Strategies and StayFi System
[00:44:39] Maximizing Existing Resources for Atlantic City Rentals
[00:47:36] Importance of Quick Decision Making
[00:50:39] Special Offer and Call for Guest Suggestions
[00:53:44] Podcast hosts encourage social media engagement

 

[00:03:49] By taking control of the distribution, we have an opportunity to do things like increase ultimately increase our RevPAR, which is the primary metric by which we gauge the revenue or monitor revenue of argument properties

[00:05:41] This is an opportunity for us to really showcase our properties, the quality of them, showcase the experience and attention to detail and focus on hospitality that we've been building out over the last few years

Having additional levers to pull from a promotional standpoint, including videos and more information, is hugely valuable and something that Airbnb doesn't like to show

[00:13:11] An advantage for us is that we can offer a discount to our Airbnb pricing and still ultimately make more money

view more

More Episodes

Profit-First with David Richter
2023-10-18 221
72 Hours in Atlantic City: What would we do?
2023-05-02 268
Mo’ Units, Mo’ Problems - Intro to our Largest Project to Date - 48 Units on the Atlantic City Boardwalk
2023-04-25 238
Opportunities under our noses: What would we do if we couldn’t buy more real estate?
2023-03-21 214
Atlantic City’s Real Estate Future with Matt Doherty
2022-05-12 575
Working IN Your Business vs. ON Your Business: Part II
2022-05-02 166
Where Should I Invest In Short-Term Rentals?
2022-04-26 198
Using Data to Understand RE Trends and to Screen Deals w/Stefan Tsvetkov
2022-01-10 250
Short-Term Rentals as an Asset Class
2022-01-04 140
A Year-End Retrospective
2021-12-28 110
9 Projects. $2 million in Construction. Now what?
2021-12-15 139
Reflecting on Zillow‘s Exit from iBuying
2021-12-08 142
How Disconnected Electrical Service Cost Us $30,000
2021-11-02 163
Top 4 Complaints from Short-Term Rental Guests (+ a few bonus complaints!)
2021-10-12 168
Are short-term rentals (Airbnbs) illegal?
2021-08-24 219
How much money do you make on short-term rentals?
2021-07-13 336
From Short-Term Rental Operator to Mini Golf Course Developer w/Nick Intrieri
2021-06-17 213
Cultivating an Entrepreneurial Mindset w/ Gabe DaSilva
2021-04-27 244
Formulating Your Real Estate Investing Strategy w/Jonathan Greene
2021-04-06 320
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