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!
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
168. Increase Your STR Wealth with These Takeaways
167. 3 Ways You’re Leaving Money on the Table in Your STR
166. Tips for Managing Expected (and Unexpected) Maintenance
165. Double Your Bookings with This STR Listing Strategy
164. Getting Scrappy to Start Investing in Real Estate with Dr. Erin Hudson
163. Travel Hacking & Conscious Credit Card Use with Kara Greene
162. Less is More in Luxury Real Estate with Rachel Gainsbrugh
161. Simplify Ordering & Save on Furnishing Your STR with Minoan
160. Making the Short-Term Rental World More Accessible with Lorraine Woodward
159. Back to Basics: Fire Alarm 101 with Justin Ford
158. Building Successful Digital Marketing Campaigns with Emily Miethner
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