Anyone doing JV Partnerships on STR Purchases in SC MTNS,CA? Looking to Connect.

[Rose McManus]

hello.

I'm exploring a short-term rental opportunity in the Santa Cruz Mountains (Boulder Creek). That area that is currently STR-permit eligible for non-hosted rentals.

I’ve done:

• STR permit research

• revenue projections (AirDNA + comp sets)

• automation planning (Guesty, Turno, PriceLabs)

• property analysis/walk through

• down payment prep

I'm curious if anyone here has experience partnering on STR acquisitions in California or structuring JV deals for mountain/vacation homes.

Specifically:

• How do you typically structure a JV for STRs?

• Do capital partners usually prefer equity or fixed returns?

• What do operators usually contribute vs. investors?

• What are common pitfalls in co-owning STRs?

• For those who’ve done this: What worked best?

Open to connecting and learning from those who have done JV or partnership-based STR deals.

Thanks in advance!

[Travis Timmons]

If you have not purchased and taken a short term rental property to market, I would suggest that you have a rock solid, detailed plan with your partner or investor for furnishings and make ready expenses. It is SO expensive to get a STR to market. It is death by a thousand cuts, and if you do not have realistic expectations, your partner/investor is going to get really frustrated and stressed out when you have spent a giant pile of money before ever collecting a dime of booking revenue.