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!
285. Profit First: The Secret to Making Real Money in Real Estate Investing
284. Hosting Hotline: Essential Cleaning Items for Your Airbnb
283. HGTV Star Mina Starsiak Hawk Comes To TFVCON!
282. Hosting Hotline: Creating Trust With Your Property Manager
281. Raising Millions Without Asking: Bill Allen's Method for Private Lending Partnerships
280. TFVCON Spotlight with Keynote Speaker & Emcee, Ashley Nobles
279. Make More Money, Honey: Hacking the STR Business Model with Rachel Richards
278. Hosting Hotline: Parent-Child Listing Strategies For Your Airbnb, Bathroom Edition
277. Creating Spectrum-Friendly Vacations with Suzanne Hacker
276. Hosting Hotline: Maximizing Your Nightly Rate For Major Events
275. Mastering Short-Term Rental Furnishings with Minoan: Free for Hosts
274. Hosting Hotline: Keeping Your Airbnb Open & Your Guests Happy Through Construction
273. From Lawyer to Hotelier: Build Your Portfolio with Diya Liu’s Real Estate Investing Strategies
272. Hosting Hotline: How Airbnb Reviews Impact Your Listing
271. Taking Calculated Risks in the STR Industry with Our Chief Operations Officer
270. Hosting Hotline: Don’t Skimp On Your Space! Tips for Large Airbnb Groups
269. Behind the Scenes: We’re Buying 175 Acres of Land
268. Hosting Hotline: Should You Allow Bounce Houses At Your Airbnb?
267. The Key to Direct Booking Success with Kerri Gibson
266. Hosting Hotline: Pawsome Hosts, Tips to Make Your Airbnb Pet-Friendly
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