Hospitality Concierge interested in Vacation Rentals

Hospitality Concierge interested in Vacation Rentals

Property Manager · Beach Haven, NJ · Member since 2015 · 4 posts · 0 votes

Happy Holidays everyone.

My name is Prince Hayden and I'm excited to connect, meet and learn about many of your personal stories. Peoples personal stories of thier own interest and what put them on their personal path intrigues me most. 

I'm also a new father, who is still in that awestruck mode of parenting. 

I live on Long Beach Island, New Jersey and I'm completely in love with the area. I moved down here about 2 years ago and don't plan on leaving anytime soon till I make a footprint on the island. 

I have a background of  8 years of  U.S military experience and wonder how it can translate into the Real Estate industry. 

I'm extremely interested in investing in Vacation Rentals. However, I currently work in property management/repairs and in the hospitality industry as well.

I want to marry the two fields together to create a Hospitality Concierge Service and Property Management Group. I want to create a unique experience to vacation rentals.

I don't have much experience in Real Estate beside working for property management of multimillion dollar homes and a property I used to live in and "manage" but squandered the opportunity because of lack mental preparation. 

Now I want to avenge with a purpose creating a Vacation Rental Dynasty. 

I'm hear to learn as much as possible about real estate investing from professionals who can share some insight on how I can create this vision. 

I hoping this is a start to wonderful relationships and mutual interests. 

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  • Michael S.Pro Member
    Biggerpockets Support · Las Pinas, Metro Manila · Member since 2015 · 7k+ posts · 1k+ votes
    10y

    @Prince Hayden

    Welcome to Biggerpockets. Great to have you on the site

    BiggerPockets
  • Property Manager · Beach Haven, NJ · Member since 2015 · 4 posts · 0 votes
    10y

    Thanks Michael. Im excited to be here and glad I came across this resource. There's so much good information on here. 

  • Investor · Miami Beach, FL · Member since 2015 · 175 posts · 82 votes
    10y

    I have had much success with the short term vacation rental income / model with my properties in the South Florida area (particularly Miami Beach and Fort Lauderdale Beach) that I am launching a vacation rental management business for others with a licensed broker.

    Vacation rental management can be intimidating and management intensive. You are no longer in a commodities based business, but rather, now in a service based business that demands high level attention to detail and customer satisfaction. You have to check people in, respond to requests, complaints, arranging cleaning crews, handyman, lawn / pool maintenance, walk-throughs, responsible for accounting etc. It is not for the faint of heart. If you are willing to manage it yourself entirely, you will learn about the business. Hiring professional management though will make it truly hands off and passive, while still retaining the positive upside of increased rental income.

    Moreover, your marketing of the properties has to be stellar to achieve very high occupancy rates. I have finally built the right teams that runs my operations smoothly and want provide these vacation rental property management services to others in a “boutique” like fashion. Acquiring 5 star reviews from your clients is the best feeling and will be the cornerstone of your success. Well branded, reviewed, and marketed properties will ensure your occupancy rates to be higher.

    If you need any assistance or have questions regarding short term vacation rental properties (particularly Miami Beach and Ft Lauderdale Beach) I would be happy to help, feel free to message me. 

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