All Forum Posts by: Heather McNicol

To win the STR game, especially if you're a new entrant, the most important aspects are

1) Amenities

2) Location

3) Property type

4) Uniqueness

All are geared toward you standing out on Airbnb/VRBO

Hot tubs, fire pit, bowling alley, pools etc. or being in the best location in an area as well as being to host a large group are all things to help you win. The process and management will take you 1-5 youtube videos to learn about. The big issue is people just buy a 3bed2bath and put okay furniture in it and expect to cash flow $5000/month. It won't happen.

These course gurus are good at what they do, but they will most likely give you these tips which are expensive to set up. Building a sport court will run like $30 grand, but would increase your rental value. 

a 6bedroom 4 bath house with a sport court, hot tub, fire pit, mini golf, arcade etc. will most likely crush it because it's cool. But that's expensive.

Co-hosting is an easy start in airbnb. I do some of that and own some too, but I always prefer my long term rentals. Way less work.

@Heather McNicol- they're charging 12k now.

Hey @Raj Bathula - I am a member of the academy. It's not cheap, but I'm pretty impressed by the quality of resources and coaching they offer. You need to be the squeaky wheel sometimes, but it's a great blueprint, and a great community. We are zeroing in on our first STR now. I'm thinking of it as a small part of a big investment in an STR property. Make use of the 6 month period, don't commit until you're ready to spend the time.

For what it's worth, I am not a massive success story who has turned that program into an STR empire, (yet) but I think the course and community are really valuable.

@Heather McNicol when you say the program is expensive, can I ask how much the program costs?

@Heather McNicol what did you think of the BP short term rental boot camp?

Im talking with Michael Elefante tomorrow to learn more about his Airbnb mentorship and came across your thread. Did you ever end up doing his?

Hello,

DO NOT pay for BNB Investor Academy.  I joined about 2 months ago and it's NOT worth the $.  Poorly ran and refusing to give any type of refund. 

Sarah

 There's always more to learn no matter who you are or how much experience you have. It sounds like you've been educating yourself. You need to turn education into action.

P.S. I'm not anti coaching or mentorship at all. I believe there can be great value in paid accountability as it really puts on pressure to perform and can provide you with someone to smack you out of paralysis. However, if you're that tight on funds, you may be better off slapping yourself haha. I'm also unfamiliar with that specific individual or the program costs or design.

My phone number is in my signature here on BP. That's my actual cell number. You know how many people have picked up the phone to call me from that signature? Zero. Blows my mind. I've seen it all and done it all and I will talk your ear off. Feel free to call me. I also have the same last name as Avery if that gives me any street cred lol.   

I got to where I am by asking those that are successful about a million stupid questions. Including guys like @John Underwood and @Michael Baum

What John said. 

Read Avery Carl's book. She also has a podcast, The Short Term Show and her husband Luke has a podcast, The Short Term Rental Management Show. 

They also have a HUGE community on FB full of STR investors who are ready to help each other and answer questions, Short Term Rental, Long Term Wealth.If you are going to pay for a course, I would check out BP's Short Term Rental Bootcamp.

You may be like me and think that "one more book/podcast/course" will give me what I need to acquire whatever skill I'm looking for. But trust me, you just need to jump in. Luke Carl has a new STR Management podcast that I recommend as well as Avery's Short Term Show podcast. There is also a ton of help in their Facebook groups.

What's the analysis paralysis about?  I'd be happy to answer your newbie questions and push you out of your paralyzed state.  I do it on the daily for buyers from all over the US.  Plus, I run 4 of my own and started before there were mentors of any kind.  If I can do it, you can do it!