124. Buying Land & Property Using Creative Financing Options with Mike Hicks

Uncategorized Aug 12, 2021

Does the thought of financing your short-term rental business stop you from turning those dreams into a reality?

Mike Hicks is a real estate maverick. He’s been involved throughout the industry for over 20 years, beginning in new construction and working his way to long-term rentals, flips, and short-term rentals as well. When he converted a duplex to a STR in 2016, he was hooked. Now he’s a veteran, buying up properties and converting them into unique rental opportunities.

We talk about real estate, his journey into short-term renting, the pros and cons of short and long-term renting, and building a rental inside of a shipping container.

 

Resources:

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#STRShareSunday: Hiplandia

strsharesunday Aug 08, 2021

It’s time for #strsharesunday and today we are sharing Hiplandia! First of all, we love the name, and second of all, we don't see this very often (so everyone should head over to their account to check it out!): they have a direct booking site and they manage multiple properties.

We've been talking a lot about direct booking lately, and their site has a handful of properties, but what we love is that you also get to see their portfolio. They are located in Long Beach, CA but they also have a few offshoot properties in Colorado.

Take a peek at how you can make it work and display multiple properties if you have them. So whether you add properties that are your own or whether you're adding properties that you co-host or manage, Hiplandia has done it so nicely and we hope it inspires you!

Can't wait to stay the next time we are in Long Beach!

Book Hiplandia Directly

Hiplandia on Instagram

We would love to feature YOU, so don’t forget to use the #STRShareSunday...

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123. Our Mistakes Making Property Offers & How to Avoid Them

Uncategorized Aug 05, 2021

We always try to be transparent about what is going on in our businesses in the hopes that doing so will serve you. We share our hopes, ideas, struggles, and more. And on that note, we’re going to share one of our most recent embarrassments because you can learn from it.

As we’ve worked together, we have evolved from wanting to focus on education (don’t worry, we’ll still be doing that!) and into growing our own short-term rental empire together. In fact, we just took the first step by making an offer on a property! This has been a long time in the making, and – honestly – we made it take a LOT longer than it needed to. That’s what we’re going to discuss.

When you have these big dreams, they often start out as a whisper. You say it almost hypothetically. “What if we did this? Wouldn’t it be crazy?” It feels uncomfortable to admit that it’s something we might actually want to do, or that we might even feel...

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#STRShareSunday: Sprucewood Cottage

strsharesunday Aug 01, 2021

Hey fam! Happy August! It’s time for #strsharesunday and today we are sharing Sprucewood Cottage!

This is truly the perfect cozy cottage, located in Evergreen, Colorado (so on brand!).

We love that on their instagram they have their logo and they let you know that you can book on AirBnb OR book direct on their website. On their website, they have the phone number right on the front page, we don't see very often! Having their phone number readily available for potential guests if they have any questions is very reassuring.

We love how they are driving traffic to their website, so make sure you check it out for some inspo!

Sprucewood Cottage on Instagram

Sprucewood Cottage on AirBnB

Sprucewoodcottage.com

We would love to feature YOU, so don’t forget to use the #STRShareSunday to get your chance!

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122. Going All In on Short-Term Rentals with A-Frame Ranch Owner Callie Witcher

Uncategorized Jul 29, 2021

Some people like to dip their toes into the short-term rental world. Others, like today’s guest, go all in from the beginning, despite having no background in the market.

Callie Witcher is a Superhost from Fredericksburg, TX in the beautiful Texas Hill Country, where she has been hosting for one and a half years with her husband, Dan. Building three short-term rentals from the ground up has allowed them (and their two littles) to shift to a lifestyle with more flexibility. She loves getting to share the cabins they’ve created with guests and help them make the most of the local area.

She shares why short-term rentals were right for her family, why they decided on Fredericksburg as the place to host, and how she manages to find balance and handle the stress of it all.

 

Resources:

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#STRShareSunday: The Cove Cabin

strsharesunday Jul 25, 2021

It’s time for #strsharesunday and today we are sharing The Cove Cabin!

We know we say this a lot, but... we really want to go here. Like right now. First of all: location, location, location!

Located on Lake Santeetlah in North Carolina, this teeny tiny cabin (560 SF) was built in 1962 has one heck of a view. Their instagram bio has all the information you need to get an accurate picture and telling a story. By telling you right away what to expect, you're getting full transparency and you know that this tiny cabin is maybe not the right choice for a full-on bachelorette weekend with 10+ friends.

They let you know about the steep and slippery terrain and that it's a dry county, so you need to plan ahead and bring any 21+ beverages you might want with you.

Don't assume that your guests know anything about your property or area, or that they will research it on their own! Transparency is important.

This small but mighty cabin is packed with a punch and they are totally crushin'...

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121. Hiring a Team That Works with You with Taylor Arbaugh

Uncategorized Jul 22, 2021

 

One of the questions we get asked most often is: how do you hire a team that has the same ethos and attention to detail as you?

Taylor Arbaugh is a property coordinator at The Cliffs Hocking Hills and a team member of Sarah's. She helps to host the property. She is a mom and local in the area where The Cliffs is located, in Hocking Hills, Ohio. She doesn’t come from a property management background, but she has been a great addition to the team. If you’re not in the industry yourself, that doesn’t mean you can’t learn what it takes to make a great project manager.

 

Finding the Right Fit

One thing that made Taylor a good fit for this role was her tendency to be a people pleaser. While she often thought of this trait as a negative, it really enabled her to shine as a property manager. Renters are paying for a service, and they expect a certain level of quality work. When you are the face of that property, you have to deliver to that expectation....

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#STR Share Sunday: Aqua Luxe

strsharesunday Jul 18, 2021

It’s time for #strsharesunday and today we are sharing Aqua Luxe!

Talk about luxe! This place is located in Miramar Beach, Florida.

Something we've really been noticing and love is that every single one of their bedrooms has an ensuite bathroom. If you're building a space with the intent to make it a short-term rental or vacation rental, consider making every bedroom a suite with a bathroom if you can make it happen! This place has 5 king beds with 5 ensuite bathrooms! WOAH!

We haven't really talked about this before, but there is a difference between short-term rentals and vacation rentals in terms of what they provide as far as amenities go, but we LOVE that AquaLuxe specifically mentions in their AirBnb listing that the guest will have to bring some of their own supplies. The listing includes a description of a "starter pack" that lets you know with extreme clarity what is included, and what the guest will need to bring (toilet paper, laundry pods, etc.)

Also... the game room...

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120. Make Deck Safety a Priority with Justin Ford

Uncategorized Jul 15, 2021

When it comes to safety, it always feels like an accident will never happen – until it does.

Justin Ford, our Safety Captain, is professionally trained by the coastguard, volunteers as a firefighter, and previously ran a 600-property vacation rental company. He has personally experienced tragedy at one of his own properties, so he speaks from a high level of experience.

This time, we’re talking about deck safety. There is an epidemic of deck collapses in the United States, and we need to get it under control. Here are a couple of easy ways to address the problem.

First, you need to understand how many people can safely fit on your deck. A deck should be built to hold 50 pounds per square foot as a minimum – but expect to see them hold more than that at a short-term rental. There are so many unknowns at a rental – you never know who is using the deck, how much they weigh, or what they’ll be doing on it.

How do you determine what capacity your deck can...

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#STRShareSunday: Loose Creek Cabins

strsharesunday Jul 11, 2021

It’s time for #strsharesunday and today we are sharing Loose Creek Cabins! These beautiful spaces are located in Broken Bow, Oklahoma (which we hear is all the rage). Grab your notebook and take notes because here's what we love about them:

Their LinkTree has their facebook page. If you don't have a facebook page for your property, go make one today!

They put their availability in their highlights so people can see it.

We both fell in love with a new property they're getting ready to list where they BUILT their coffee bar in a nook in the stairwell. They had this little space which could have been wasted, but they had this idea to really create an EXPERIENCE with the space they had and so they made this nook.

These are the kinds of things and creativity you can bring to your rental!

Loose Creek Cabins on Instagram

Book Loose Creek Cabins

We would love to feature YOU, so don’t forget to use the #STRShareSunday to get your chance!

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