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!
225. Creating The Nerd’s Guide To Financial Independence
224. Hosting Hotline: Protecting Your Airbnb From Scams + Squatters
223. Firing A Property Manager To Take Back Control
222. Hosting Hotline: Leveraging Airbnb For Rental Arbitrage
221. Taking Your Airbnb Business To the Next Level with Wendy Doris and Amy Corbett
220. Hosting Hotline: Set Up Direct Booking As A New Airbnb Host
219. Creating An Authentic Off-Grid Airbnb Experience
218. Hosting Hotline: Our Airbnb Isn’t Booking, Should We Sell?
217. Making Your STR Accessibility Friendly Through Universal Design
216. Our Top 10 Episodes Of 2022
215. Hosting Hotline: Direct Booking vs. OTAs
214. Your Top 10 Hosting Tips for 2022
213. Hosting Hotline: Pricing Your Property For Mid-Term Stays
212. End-Of-Year Business Planning for STR Hosts
211. Hosting Hotline: Laundry Best Practices for Bedspreads
210. How To Become Recession-Proof with Real Estate
Bringing Buying Group Power To All STR Hosts
209. Hosting Hotline: The Best Accounting Software For Your STR Business
208. BIG Airbnb Updates For 2023
207. Building Wealth + Growing An STR Business With Your Partner
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