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Vacation Rental Mastery

27 members • Free

13 contributions to Vacation Rental Mastery
Current priorities
#1 Improving my mindset. *I've been wanting to achieve more clarity in my mind, and create a mind that is un-waivered no matter what is going on externally around me. #2 Purchase my first cash-flowing rental property before the end of this year. *In more specifics I'm wanting a mountain home. I love hiking and exploring. So the idea of owning a property allowing other people to hike and explore while having a very relaxing and cozy place excites me. 3# Hiking over 100 miles this summer season. *I'm currently working in Yellowstone National Park, and I've made it a goal for myself to hike over 100 miles. I want to spend more time in Nature and away from so many screens. I think this is a good goal to allow me to achieve that.
Priorities
Great call on priorities today folks! Prioritization of goals is absolutely critical. That’s when you know if you’re truly ALL IN. Let’s GO!
0 likes • May '24
Thank you for sharing with us the importance of prioritization! I've gained a new perspective of the importance of urgency!
Goal #2
My Investment Property: Mountain Cabin Overview: Investing in a mountain cabin is a strategic choice that aligns with my appreciation for nature, tranquility, and recreational activities. This property will be designed to offer a diverse array of experiences to my guests, ensuring their stay is enjoyable and fulfilling. 1. Personal Retreat and Relaxation - Tranquil Setting: The quiet and peaceful atmosphere of the cabin is something I deeply value and know it will be attractive to guests seeking relaxation. - Comfort and Amenities: Equipped with luxurious comforts such as a fireplace, outdoor seating areas, and cozy interiors, the cabin will be a place for guests to unwind and feel at home. 2. Intellectual Retreat - Inspiring Environment: The cabin’s serene setting will foster contemplation and creativity, ideal for guests who wish to engage in intellectual pursuits away from daily distractions. - Designated Creative Spaces: I will create special areas for reading, writing, and artistic activities, reflecting my own preferences for spaces that encourage creativity and thought. 3. Recreational Activities - Outdoor Adventures: Located near trails, lakes, or parks, the cabin will provide access to a variety of activities such as hiking, fishing, and bird-watching, catering to guests who enjoy nature and physical activity. - Seasonal Attractions: Proximity to seasonal recreational opportunities like skiing or leaf-peeping will make the cabin a year-round destination, appealing to guests with diverse interests. 4. Profit Potential and Market Trends - Rental Income: Strategically located near attractions and equipped with desirable amenities, the cabin will attract a steady stream of guests, providing a reliable source of rental income. - Property Appreciation: As a well-maintained property in a sought-after area, the cabin is expected to appreciate in value, making it a wise long-term investment. 5. Financial and Strategic Planning - Down Payment: A down payment of $50,000 for the mountain cabin. - Overall Budget: Aiming to keep the total purchase and initial setup cost within a realistic range (Though, I’m not sure how realistic my budget and down payment is for what I want), ensuring the investment remains affordable while achieving the desired standards. - Budget and Costs: I will manage a budget that includes not only the purchase price but also ongoing maintenance, marketing, and property enhancements to maximize guest satisfaction and rental demand. - Timeline: Short-term (1 year): Focus on finding and acquiring the ideal property. Mid-term (12-18 months): Develop and furnish the cabin to enhance its appeal and functionality for guests. Long-term (2 years): Establish the cabin as a top choice for renters seeking a unique and enriching vacation experience.
1 like • May '24
Your rental property reflecting your own personal enjoyment is such a great way to go about it. Not only will it be something you are proud of. You will also want to invest and improve in the property more! I love this.
Massive Action Plan Template
A Second U Classroom members: You will find the template for the Massive Action Plan in the Classroom under Tools & Templates --> Massive Action Plan. https://www.skool.com/vacationrentalmastery/classroom/8e376c24?md=ae035ecc1a7742a6aec3280792e08ce5
4 likes • Apr '24
Thank you Karan!
MAP Template
I was just wondering if anyone has received the MAP template?
3 likes • Apr '24
@Jon-Adrian Velazquez Thank you!
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Cohen Gintz
3
9points to level up
@cohen-gintz-7462
My name is Cohen, I love fitness and traveling.

Active 272d ago
Joined Apr 17, 2024
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