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!
Systems Shakedown 002. Tips for Healthy Business Deals With Family (Success Unlocked S1)
300. Hosting Hotline: Should Your Direct Booking Website Reveal Your Address?
299. InvestHER: Building a Community to Empower Women to Thrive in Real Estate
Vacation Ventures 002. Creative Deal Structuring with Bill Cook (Success Unlocked S1)
298. Hosting Hotline: Taylor Swift Is Coming to Town! Strategizing Your STR for Marquee Events
297. Build Relationships & Solve Problems: Breaking Into Mid-Term Rentals
Co-Hosting Confidential 001. Aces in Their Places: Tips for Team Building (Success Unlocked Season 1)
296. Hosting Hotline: Informing Guests of Construction At Your Airbnb
295. ChatGPT X Airbnb? Learn How To Utilize AI in Your STR Business
Systems Shakedown 001. Secrets of Bachelorette Party Houses (Success Unlocked Season 1)
294. Hosting Hotline: Tips on Collaborating With a Stubborn Property Manager
293. 70% Direct Booking: Learn How Jenn Boyles Works Her Marketing Magic
Vacation Ventures 001. Influencer Collab Secrets Revealed (Success Unlocked Season 1)
292. Hosting Hotline: No Bathroom? No Problem! Getting Scrappy With a Brand New Listing
291. Boardrooms to Bedrooms: How An NYC-Based Host Crushed Hospitality in the Hudson Valley
290. Hosting Hotline: Combination Listing Strategies: Renting a Main House + Backyard Cottage on Airbnb
289. Hosting Hacks: Our Favorite Tools for STR Success
288. Hosting Hotline: STR Direct Booking Strategies
287. Crack the Guest Code: Use Quizzes to Figure Out the Perfect Vacation Rental Stay
286. Hosting Hotline: Can’t Beat ‘Em? Join ‘Em: Dealing with Your HOA as a Short-Term Host
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