Starting an Vacation Rental Management company

Starting an Vacation Rental Management company

Member since 2021 · 8 posts · 2 votes

After our next deal, my group will be going from two to seven units under management in Campton-Thornton area in NH. For this deal and any future deals we want to do, we are going to have to significantly increase operational infrastructure. 

So my thought is if we are doing this, we may as build an STR property management business. It would create a nice flywheel for our business.

I have tons of questions that I am trying to wrap my head around that I am hoping some folks who run such companies could help with:

    • What exactly is your value proposition? What pain point are you solving for clients? 
    • What is your pricing structure? Do you do any tiers for service levels or customizations for certain clients? What are the most effective marketing strategies?
    • What exactly does onboarding a client look like?
    • What do you bill clients for and what do you cover?
    • What’s your tech stack?
    • What does regular reporting look like? What frequency and what do you share?

Any input on any of these questions would be much appreciated and / or any folks who would be willing to chat in more detail for 30 minutes or an hour - more than happy to compensate for your time.

0Reply
9 views

Most Popular Reply

Investor · The worst town to live in, KS · Member since 2016 · 4k+ posts · 4k+ votes
5y

Onboarding a client reminds me of waterboarding a prisoner. 

See this reply in the discussion

4 Replies

Jump to latestLatest
  • Investor · The worst town to live in, KS · Member since 2016 · 4k+ posts · 4k+ votes
    5y

    Onboarding a client reminds me of waterboarding a prisoner. 

  • John UnderwoodPro Member
    Investor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
    5y

    Are you going to have to hire someone who is licensed to legally run such an operation?

  • Lender · NY · Member since 2020 · 13 posts · 7 votes
    5y

    @Allen Meringolo

    I am just following for information but I have a question. I am surprised STR do well in Crampton, I know the general area but apparently not that well. What's the big pull for visitors? Thank you

  • Member since 2021 · 8 posts · 2 votes
    5y

    @Ryan Harwood - here is a map of the area with the most popular amenities.

Join the conversationCreate a free account to reply, vote on answers and follow this thread.