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!
148. Behind the Scenes on Our First Real Estate Deal
147. Back to the Basics: Refocusing on Guest Experience
146. Back to the Basics: 7 Things to Review in the New Year
145. Real Estate Investing & the Power of Communities with Stacey St. John
144. Our Best Episodes of 2021
143. Operating an Overseas Vacation Rental Business with Lisa Byrne
142. Vacation Rental Women’s Summit Recap
141. Creating an Identity for Your STR Property with Stacey Rase
140. Looking at Airbnb’s November 9, 2021 Update in Detail
139. Renting Responsibly: Playing a Role in Your Local Regulation
138. Buying with the End in Mind
137. Lessons for STR Hosts from a Digital Nomad
136. Growing a Business While Giving Back with Coconut Condos’ Angie Leone
135. Revenue Management for the Rest of Us
134. Our Experiences at the 2021 Vacation Rental Managers Association International Conference in San Antonio, Texas
133. Leveraging Local Expertise to Successfully Run Your Rental Business with Victoria Hawley
132. Take Your Property from Overlooked to Overbooked with Brian and Kati Green
131. What to Do When a Potential Guest is Sending Warning Flags
130. Elevating Your STR with High-Vibe Design with Moira Sedgwick
129. Give & Grow: How Philanthropic Hosting Helps Communities & Businesses Alike with Chelsea Dunckley
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