Welcome back to Success Unlocked, where our hosting business master membership coaches discuss operations, social media, unique builds, co-hosting strategies, and so much more. This week’s episode is Vacation Ventures, hosted by Michael Hicks.
In this episode, Mike helps Annette work through her recent experience scouting two 100+ acre properties for potential STR development. From septic to signing – there are hundreds of things to keep your eye on in this process, and Mike’s just the guy to help us put a method to the madness.
His vast building experience proves valuable in aligning early priorities with the city, county, and zoning commission; explaining how to make the math work; and avoiding beginner’s mistakes like overlooking natural water features, alarming nosy neighbors, and caving on your own preferred timetable for due diligence.
(00:02:55) Existing Structures & Utilities: Bonus or Burden?
(00:09:41) First Steps & Important Early Priorities
(00:16:10) Common Roadblocks & Beginner Mistakes
(00:24:05) Dollars & Sense: The Math Behind it All
(00:31:32) Revisiting Annette’s Research & Next Steps
Resources:
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!
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.
Quiz | Take our quiz to reveal your hosting personality style!
350. Hosting Hotline: Managing Guest Expectations for Airbnbs in Revitalized Neighborhoods
349. We Bought Land (Part 1): Laying a Foundation for Long-Term Partnership
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
334. Hosting Hotline: What’s the Secret to Scaling a Short-Term Rental Business?
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
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