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!
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Quiz | Take our quiz to reveal your hosting personality style!
188. Hosting Hotline: How To Offer Your Property’s Amenities to the Public
187. Fostering Support and Advocacy for Short-Term Rental Communities
186. Hosting Hotline: Invest In Your Property by Hiring A Caretaker
185. Create An Abundance Mindset Through Collaboration, Not Competition
184. Hosting Hotline: Airbnb Is NOT Going To Cover Your Insurance
183. House Hacking Your Way To Success in Real Estate
182. Hosting Hotline: Refinancing Options Using the BRRRR Method
181. Building True Generational Wealth Through Real Estate
180. Hosting Hotline: Save Money and Avoid Hassles with Smart Locks
179. Managing Luxury Listings Is All About the Details
178. Hosting Hotline: The Top 3 Things That Impact Your STR’s Neighborhood
177. Small Changes That Have BIG Impact for Your Guests
176. Hosting Hotline: Building Nostalgia Into Your Unique STR Property
175. Grow Your Inventory: Unlocking Riches in the Niches with D. Brooke Pfautz
174. Hosting Hotline: How To Optimize A Three-In-One Property Listing
173. Expanding Your Rental Portfolio for Long-Term Wealth
172. Discover the Power To Pivot Your Business
171. When Will the STR Bubble Burst? with Alex & Annie
170. Maximize Your Listing By Taking Action Now
169. Make Your STR Pop With Design, Decor & Staging
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