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!
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Quiz | Take our quiz to reveal your hosting personality style!
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384. Hosting Hotline: How To Choose The Best Property Management Software For Your Business
383. Secrets From Managing a $150M Vacation Rental Portfolio in Cape Town, South Africa
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380. Hosting Hotline: Airbnb Damage Claim Best Practices
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375. Richard Vaughton on Airbnb’s Biggest Issues, Growth Opportunities & Future Outlook
374. Hosting Hotline: Vacation Rental Damage Waiver Programs 101
373. We Bought Land (Part 3): Reality Check on Glamping Site Timelines, Financing & Construction
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