Opening an Airbnb close to the beach with a prefab

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Opening an Airbnb close to the beach with a prefab

Chris Holland
Murfreesboro, TN · Member since 2015 · 3 posts · 0 votes

I’ve spoke with a few prefab manufactures in several states to get a good idea of how they can deal with harsh weather if we decide to drop it on some land in the panhandle.

The next step is making some calls to vacant land owners in the area we want to see if they’d like to sell. But now I’m considering seeking a partner to buy the land and I’ll buy the prefab.

This will end up being an Airbnb and my first experience with them. My question being for anyone who’s dealt with Airbnb and what their experience is. I’ve been flipping for a couple years but have been thinking about having an Airbnb for a while

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  • Caroline Gerardo
    Lender · Washington DC · Member since 2015 · 2k+ posts · 2k+ votes
    5y

    I've stayed in a number of STR I would classify two types: 1) a house with full service as in linens minimum 500 thread count, the house has a view or is close to vacation amenities, full service kitchen with full table setting to create a gourmet dinner... these rent starting $200- 2000 a night depending on room count 2) a cabin in the woods where I can get away from wifi and be in nature with comfortable bedding and modest kitchen these rent from $80 -100. Location will be the NUMBER ONE thing that makes your STR rental booked. On AirbNB the first parameter is city location. You will need to make a manufactured home appear charming, unique, and easy to roll up and relax. It's not just finding land- the land needs to be near an airport for weekend travellers to pop in for three day stays. The land needs water service, electricity... I've lived off the grid with only solar and propane and as an owner that's NOT going to be successful as STR unless you live on site and can constantly be repairing, cleaning, placing flower arrangements, and seeing to the needs of your guests. Many cities are banning STR so look up planning commission hearings pending and past. The reason they get banned is a fraternity rents a two bed STR and brings forty guys and they park in neighbors yards and create a ruckus. How will you vet them because they don't just wear and tear on local services, they will tear the towel racks off the wall when they fall out of the shower... imagine. STR requires a concierge.

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  • Jonathan GreeneBusiness Member
    Real Estate Consultant · Madison, NJ · Member since 2016 · 6k+ posts · 7k+ votes
    5y

    I could be wrong, but it seems to me you are just considering an idea. The thought that you could just mail for some land, find it and close it, and then drop a flat-pac home on there and then Airbnb is like a CliffsNotes version of what it takes. There are so many things you need to know about the plots of land you would be targeting - are they leveled, foundation options, water tables, access to public water and sewer - and that's all before you confirm the right prefab and also confirm that there are local builders who can do the foundation work and then assemble and connect.

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  • Jimmy Woodard
    Walnut Creek, CA · Member since 2020 · 285 posts · 318 votes
    5y

    @Chris Holland make sure to check the zoning laws for wherever you’re looking to buy land. Not every city is favorable to Airbnb and you have to do that research upfront before you waste time and money.

    Beyond that, success in Airbnb isn’t as simple as buying a house, listing it, and collecting cash flow. Location is important, but so are the amenities that you offer in your house. Do some research on the competitors in the area to see what they provide and what you can offer that separates you from the competition.

    A solid cleaning crew and a reliable handyman are the lifeblood of your business, so spend time finding the right people for these roles.

    Also look into pricing tools like beyond pricing or wheelhouse. You will be leaving money on the table if you try to figure out pricing on your own.

    If you want to dive further on this topic, feel free to DM me. Good luck!

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