MN RE&M's Short Term Rental Training Series
The Real Costs of Running a Vacation Rental
Welcome to our Short Term Rental Series. We have created this course to help education prospective vacation home owners and Realtors. We will take a deep dive into many aspects of analyzing a property, development, and marketing! Take advantage of our several years of experience helping many folks purchase, sell, develop and successfully manage vacation homes in central Minnesota!
Section 1: Analyzing a Property for Potential Profitability
STR Training Lesson # 1 Bedroom Layout & Capacity
Lesson #2 (section 1): Home Layout Matters in Short-Term Rental Profitability
Lesson # 3: How the Yard Layout Impacts Short-Term Rental Profitability
Lesson #4 (Section 1): How the Lake You Choose Impacts Vacation Rental Income
Lesson #5 (section 1): Why Property Condition Can Make or Break Your Vacation Rental Reviews
Lesson Six: Understanding the Power of Amenities in Short-Term Rental Success
Lesson #7 (Section 1): Understanding Inside Amenities for STR Profitability
Lesson #8 (section 1): Analyzing Outdoor Amenities for STR Profitability
Lesson #9 (section 1) Can You Even Do a Short-Term Rental There?
Lesson # 9 Considerations with the neighbors and home layout
Lesson # 10 Understanding the Power of Local Amenities and Attractions
Lesson # 11 Double Checking Regulations/ Zoning & the Effect on STR Licensing
Lesson # 12 Cost Considerations When Developing a STR
Lesson # 13 Surviving and Profiting During the Offseason & Occupancy Trends
Lesson # 14 Understanding Basic Financial Metrics and Costs
Lesson # 15 Considering the Saturation Point of an Area and Future Supply and Demand
Lesson # 16 Exit strategies & Appreciation Potential
Lesson # 17 Risk Factor for an owner and Risk Management
Lesson # 18 Self-Management Vs Management Options
Lesson # 19 The Momentum Factor & Factoring Development Time
Lesson # 20 Safety Concerns Inspections and Risk Considerations