Crash Course Needed on STRs

[Ben S.]

Looking for recommendations on what processes to put in place, services to hire people to find and the overall best way to launch this property. I have a fair amount of long-term rentals near this location and I live about 25 minutes from the location. I plan to manage most of it myself initially.

Here is a little overview of the property we are about to purchase.

We just got an accepted offer on a short-term rental that is an extremely unique and luxurious property just outside Minneapolis St Paul area. This property is on 2 acres on a bluff overlooking the St Croix River. It actually has two different buildings. One of the buildings has an indoor pool and will have an outdoor hot tub. It is near a very popular ski area and very close to the river with amazing scenic overlooks.

This property has never been a short-term rental in the past. As far as I know. We have the capability to rent each property separately and also rented all together. It was sold as four bedrooms but I can very easily make it six bedrooms and with and egress window. We can make it seven bedrooms. Five bedrooms in the main house and two bedrooms in the pool house.

I have a little experience in short-term rentals using Airbnb and VRBO because I rented out a property in northern Wisconsin around 2016 but a lot has changed since then. I was a super host at that time so I'm wondering if it is beneficial for me to use that same account on Airbnb?

[John Underwood]

Read Avery's book and this forum.