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Updated 7 months ago on . Most recent reply
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Breaking into the STR Space
Hello everyone! I am turning 18 in less than 3 weeks and can say I have been a business owner throughout my high school journey, from small local hustles to building products in my basement to sell online.
I am an aspiring Real Estate investor reading many books and conducting hours of research hoping to build an impressive real estate portfolio in the future! I have picked up a curiosity and even passion for short-term rentals and hope to own my own STR property in the area of the University I am attending.
To learn more about the space and discover the opportunities, difficulties, ups and downs of being a host as well as funding my STR in the future, I have been organizing and building a co-hosting company with hopes of helping hosts relieve stress while at the same time discovering what it means to own an STR and what it takes to have happy guests.
I wanted opinions from real estate investors, STR Hosts, and even property managers on the difficulties of hosting, tips for my co-hosting journey, and especially, how to onboard my first client with no references and where to find hosts.
Thank you in advance!
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- Greer, SC
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Read through older posts on here. There is a wealth of info here.
Read Avery's book.
I would also recommend Chad Carson's book "The small and mighty investor"
Congrats on getting started so early.
If I knew what I know now at 18...woe.
Let me know how I can help.
Oh I would start with some inexpensive STR'S property's maybe with owner financing to get started.