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If you're new to the vacation rental industry and wondering where to start, here are a few steps to take BEFORE you close on your new property. Most new hosts contemplate their purchase 12-18 months before they submit an offer on a vacation property. So, take your time, do your research, and Welcome to the Hospitality Business!!
NOTE: If you already own a property, start with my ADVERTISING post and go from there.
GETTING STARTED - Defining Your Dream
This is where it all starts. Join me as I take you back to when we started our own journey to become vacation rental property owners.
GETTING STARTED - Affording Your Dream
Here's where it starts to get real. I share the approach we took to estimate the profitability of our property. I also discuss a sample template that we used to help validate and estimate cash flow for our property.
GETTING STARTED - Finding Your Property
Whether your property is down the street or miles away, never underestimate the value a realtor can bring to the table. But what should you look for in a realtor? In this post I also cover several considerations when selecting a vacation rental property.
GETTING STARTED - Purchasing a Vacation Rental Property with Future Bookings
You have many things to consider when deciding on the right vacation rental property. One decision you might face is what to do with existing future bookings.
ADVERTISING - Creating a Social Presence
These are the building blocks to get you started. In this post I will walk you through considerations for setting up your social image, your branding, and creating your first post.
BOOKING PLATFORMS - Which One is Right for Me?
This is a basic introduction to the most popular booking platforms and how to quickly get your listing up and running.
GETTING STARTED - Building Your Toolbox
You wouldn't show up for a new job without a pen and paper to take notes. In this post I provide an overview of a few documents you can prepare up front, so you are ready to hit the floor running with that first booking.
GETTING STARTED - Licensing and Taxes
As a vacation rental owner you need to comply with both licensing and tax requirements for your location. Although it sounds overwhelming, there are many resources at your fingertips to get you started and to provide on-going help.
Read more about my "Jump-Start" Services
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