Plantation, FL · Member since 2009 · 329 posts · 119 votes
Hi Folks,
Anyone familiar with a Mastermind group focused on Short-term rentals? It does not have to be local. I'd imagine having one with members located throughout the US would be more helpful so as to give a broader perspective. Again, looking for a Mastermind group with experienced investors focused on the STR niche.
Plantation, FL · Member since 2009 · 329 posts · 119 votes
8y
Hi All,
Thanks for your interest in creating a Mastermind group focused on the Short-term Rental Niche.
To ensure that there's a healthy give-and-take amongst the members I'd like to set the following requirement: Members should have either Annual Revenue of at least $250K (after occupancy taxes) OR own/manage 5 unique units (not a 3 BR home where numerous iterations of the bedrooms are rented out as different units).
The goals of the group are to share best practices of:
- Marketing
- Pricing
- Operations
- Channels/Tools
- Lead Generation
- Acquisition Strategies
- Market Insights
In my view the last item would be extremely beneficial as many of us would like to expand to other markets, but would benefit greatly from understanding the expected numbers and nuances of the target market.
I envision this as a group that has periodic meetings where at each meeting a member presents their market, thier operation, best practices and insights, followed by open discussion.
Hatfield, PA · Member since 2012 · 1k+ posts · 629 votes
7y
Is the ultimate goal of this to be online or in person? It is going to be really hard to do this when people are 3000 or more miles apart. In reality, we already have this form which pretty much covers most topics.
Plantation, FL · Member since 2009 · 329 posts · 119 votes
7y
For those interested, let's have a call to discuss the objectives and procedures of this group. Please PM me so we can coordinate. I'm shooting for Tuesday of next week.