MODULE 1 - BEFORE YOUR PURCHASE
Why are you investing into a Short Term rental?
You will fall into one of three buckets and you must determine which bucket you are in before you start your Short Term Rental journey.
Who do you want to serve?
Determining the type of Ideal Guests you want to host should be done before you select market, sub-market, or property.
Establishing a complete budget.
Most new investors don’t understand all of the true costs associated with starting a short term rental. We will define them all so you accurately budget revenue and forecast revenue and profit.
Preparing Your Financials
Everything you need to know to properly prepare to walk into a bank and get your loans funded traditionally or commercially.
Selecting where to invest.
You will learn how to evaluate a market, sub-market, and what drives demand for maximum revenue as well as what to steer away from.
Importance of vetting real estate agents
Bill will explain in detail exactly what to look for in an agent and what to stay away from as this can make or break your success.
Know the Regulations before you purchase
How and where to find the current STR regulatory status and its history.
Purchasing the property
• How to evaluate
• Budgeting for interior and exterior upgrades
LCC or buy in your own name?