Vacation Ventures 005. Pro Tips for Scouting STR Land Purchases (Success Unlocked Season 1)

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 StepsResources:Visit thanksforvisiting.com/workshop to watch our Hosting Business Mastery Method workshop!Airbnb Essentials Checklist: hostchecklist.comInstagram: @findyourrepurposeTikTok: @findyourrepurposeInstagram: @wanderchattWebsite: wanderchatt.comThanks 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!

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This episode was published on December 20, 2023.

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