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!
330. Hosting Hotline: Tips for Starting a Co-Hosting Business
329. How to Identify Warning Signs of Human Trafficking in the STR Industry
328. Hosting Hotline: Tips for Prioritizing Your Vacation Rental Offseason
327. How To “Ask for Money” and Access Financing with Bill Allen
326. Hosting Hotline: Where to Find Unique & Affordable Decor Upgrades for Your STR
325. Is Airbnb Banned in New York City? How to Host in the Big City in 2024
324. Hosting Hotline: 7 Tips for First-Time Airbnb Hosts
323. Pro Tips for Remote Hosting a Mid-Term Rental Portfolio with Sarah Weaver
322. Hosting Hotline: Our Favorite Coffee Cups (Amazon Link in Notes!)
321. PriceLabs Dynamic Pricing vs. Airbnb Cleaning Fees
Co-Hosting Confidential 005. Pro Tips for Remote Co-Hosting (Success Unlocked Season 1)
320. Hosting Hotline: Use Targeted Marketing to Reach Your Ideal Guests
319. Top 10 Episodes of 2023: Hard Lessons, Updated Listings & Valuable Learnings
Systems Shakedown 005. Unlock More 5-Star Reviews Through Proactive Hospitality (Success Unlocked Season 1)
318. Hosting Hotline: How Early (or Late) Should You Share Your Rental’s Address?
317. Free Org Chart Download: Follow These Steps to Structure Your STR Business
316. Hosting Hotline: Using StayFi To Build Your Email List & Invite STR Guests Back
315. Diversify Your STR Business Through Direct Bookings with Mark Simpson of Boostly
Co-Hosting Confidential 004. Tips for Sensible Vacation Rental Scaling with Be Still Getaways (Success Unlocked Season 1)
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