Welcome to the weekly live podcast hosted by Dave and Will! Every week, we delve into strategies, topics, tips, and tricks aimed at boosting your success as a short-term rental operator. About your hosts: Will stands as the #1 Short-Term Rental Real Estate Agent in New England, licensed in ME, NH, and Vermont. In addition to selling, he owns a small portfolio of STRs across Maine. (www.willvanwickler.com) Dave serves as the CEO of the 5 Star Co Host, an Airbnb management and consulting company. He has extensive experience, hosting thousands of stays on Airbnb. His firsthand knowledge and expertise have assisted numerous operators in replicating his success! (https://5strcohost.com/)
Welcome to the weekly live podcast hosted by Dave and Will! Every week, we delve into strategies, topics, tips, and tricks aimed at boosting your success as a short-term rental operator. About your hosts: Will stands as the #1 Short-Term Rental Real Estate Agent in New England, licensed in ME, NH, and Vermont. In addition to selling, he owns a small portfolio of STRs across Maine. (www.willvanwickler.com) Dave serves as the CEO of the 5 Star Co Host, an Airbnb management and consulting company. He has extensive experience, hosting thousands of stays on Airbnb. His firsthand knowledge and expertise have assisted numerous operators in replicating his success! (https://5strcohost.com/)
Welcome to the show, Skylar! Skylar is the founder and managing partner of Maine Pointe Lending. She stands out as one of the premier loan originators and shares a mutual interest in short-term rental investments. This week, our focus turns to the market outlook and the pressing question on everyone's mind—what's happening in the mortgage world? Whether you're an owner or aspiring to become one, this episode promises a wealth of valuable insights. Every week, we delve into strategies, topics, tips, and tricks aimed at boosting your success as a short-term rental operator. About your hosts: Will stands as the #1 Short-Term Rental Real Estate Agent in New England, licensed in ME, NH, and Vermont. In addition to selling, he owns a small portfolio of STRs across Maine. (www.willvanwickler.com) Dave serves as the CEO of the 5 Star Co Host, an Airbnb management and consulting company. He has extensive experience, hosting thousands of stays on Airbnb. His firsthand knowledge and expertise have assisted numerous operators in replicating his success! (https://5strcohost.com/) Guest Skylar Welch: My goal is to always make each client a customer for life, as I want to be there with you, every step of your life for your lending needs! I am always available and can be contacted any day of the week, as I understand that purchasing a home is not something that always takes place during bankers hours. I look forward to helping make your homeownership dreams come true! (www.mainepointelending.com) MLO NMLS #86901
Welcome to the weekly live podcast hosted by Dave and Will! Every week, we delve into strategies, topics, tips, and tricks aimed at boosting your success as a short-term rental operator. About your hosts: Will stands as the #1 Short-Term Rental Real Estate Agent in New England, licensed in ME, NH, and Vermont. In addition to selling, he owns a small portfolio of STRs across Maine. (www.willvanwickler.com) Dave serves as the CEO of the 5 Star Co Host, an Airbnb management and consulting company. He has extensive experience, hosting thousands of stays on Airbnb. His firsthand knowledge and expertise have assisted numerous operators in replicating his success! (https://5strcohost.com/)
Short-Term Rental Success LIVE: Insights into the Current State of the Short-Term Rental Market Welcome to the show! This week, Will and Dave will provide a comprehensive update on the state of the market. They'll delve into a recap of Q1, examining booking and market trends, while also offering insights into what lies ahead as we transition into spring and summer. Tune in for an informative discussion! Every week, we delve into strategies, topics, tips, and tricks aimed at boosting your success as a short-term rental operator. About your hosts: Will stands as the leading Short-Term Rental Real Estate Agent in New England, licensed in ME, NH, and VT. In addition to selling, he owns a small portfolio of STRs. (www.willvanwickler.com) Dave serves as the CEO of the 5 Star Co-Host, an Airbnb management and consulting company. He has extensive experience, hosting thousands of stays on Airbnb. His firsthand knowledge and expertise have assisted numerous operators in replicating his success! (https://5strcohost.com/
Welcome to another episode of Hassle Free RE! This week we welcome Michael Zaplin to the show! Michael is a healthcare professional who has built an impressive real estate portfolio over the last several years! Michael is passionate about creating alternative streams of income through real estate. He explains the importance of doing so and why income diversification can help avoid physician burnout. Tune in for a gripping episode! #HospitalityJourney #VacationExperiences #InspiringStories #PodcastEpisode #HassleFreeRE #VacationHomeOwner #PropertyManagement #HospitalityMindset #LifeJourney #Hospitality #airbnbsuperhost #vrbopremierhost #strtips #airbnb #airbnbsuperhost @5starcohost About your hosts: Dave serves as the President of the 5 Star Co-Host, an Airbnb management and consulting company. He has extensive experience, hosting thousands of stays on Airbnb. His firsthand knowledge and expertise have assisted numerous operators in replicating his success! (https://5strcohost.com/) Instagram: @dave_menapace @kimmenapace @5starcohost
Welcome to the show, Alan! Alan Marks is the president of Realty Executives Boston West! A local real estate brokerage here in central Massachusetts. Alan's story is incredibly unique - as he used to manage a large logistics firm, based in the suburbs of Boston. He promoted a culture of support and comradery and attacked his day with an entrepreneurial spirit! Eventually, ownership structure changes lead Alan to consider other endevours, which is when he joined forced with Rob Daly and formed a real estate brokerage that supported Realtors in becoming the CEO's of their business. In this interview, Alan also talks about his real estate investing journey and how that has influenced his life. We are so excited to have Alan on the show and hope that all of you truly enjoy the discussion! Below is Alan's contact information if you'd like to reach out to learn more about Realty Executives! Alan Marks, President Cell: 508-272-8730 Email: alanmarks@realtyexecutives.com Links from the show: https://linktr.ee/menapace_realestate www.menapacerealestate.com Instagram: @menapace_realestate @Hasslefreere @5starcohost About the hosts: Dave is also a licensed real estate agent with Realty Executives Boston West. He specializes in helping investors find their next short term rental investment and then manages those properties to help increase ROI! If you'd like to learn about the different STR markets in Massachusetts, then call Dave at 508-277-7716 or email davemenapace@realtyexecutives.com for a free consultation! Kim is a product maanger and business strategist. She's an expert in creating sound business systems that are fundamental for growing and scaling any business and can help you structure your business to be more efficient and scalable! Contact Info for Hosts: Dave Menapace Call/Text: 508-277-7716 Email: Menapacerealestate@realtyexecutives.com Kim Menapace Call/Text: 781-738-3403 Email: thefivestarcohost@gmail.com Dave Menapace is also a Realtor® and licensed agent in the state of Massachusetts. Realty Executives Boston West Email: davemenapace@realtyexecutives.com MenapaceRealEstate.com https://www.menapacerealestate.com
What an amazing story shared by Alex Sabio. Alex lives in Southern California and worked on the front lines battling Covid and helping patients as a Respiratory Therapist and has been in the real estate game for a while now. As a child, he first learned about real estate while watching his family members operate a motel on the Las Vegas strip. He then went on to investing in long term rentals (LTRs) in the early 2000's while also launching his career in healthcare as a respiratory therapist. Unfortunately, with the crash in 2008, Alex learned the more unforgiving side of real estate and had to real back his portfolio. Over the next several years, Alex continued to progress in his carrer as a respiratory therapist. He and his wife (whose also a respiratory therapist) focused on their family and grew from a family of 2 to a family of 6, welcoming 4 wonderful children. By 2015 or so, they were ready to take another swing at real estate! Their CPA was actually the one that advised them to consider short term rentals for the tax benefits. Taking their CPA up on his advice, they purchased a cabin in the Great Smokey Mountains of Tennessee. This turned into a wildly successful investment. In Alex's words "it was an ATM machine". Alex and his wife have since continued to buy short term rentals, which allowed his wife to walk away from her carreer in healthcare to spend more time with family and on the business. These days, Alex continues to work as a respiratory therapist and runs an online community supporting other healthcare professionals who want to get into real estate investing. He's incredibly passionate about helping others recognize their own financial freedom through real estate investing and he continues to give as much as he can to the community! Links from the show: https://flow.page/alexsabio Healthcare Professionals Investing in Real Estate Instagram @the_real_alexsabio @menapace_realestate
This was such an incredible episode! We were fortunate enough to meet Michael while networking at the Miami STR Wealth retreat. His story is amazing. He and his family live in New Jersey and for their first short term rental investment, they decided to take a swing at a 10 bedroom home just outside of Disney World. How and why they made the decision to invest here can all be learned in this wonderful interview. Long story short, Michael and his wife, Marissa looked at the cold hard data and took a very calculated and strategic risk. That decision ignited into an amazing investment and an incredible home that is perfectly themed! The home is called "The Enchanted Rose Villa". It boasts a Harry Potter themed movie theatre, a game room, disney themed bedrooms, and a pool. Not only that, Michael and Marissa leverage technology and automations to make the operations of such a home much more managable! Since buying and updating this home, they've gone on to buy another in Gulf Shores and most recently just got their 3rd STR under contract in North Carolina! Mike and Marissa have dialed in their operations so they can quite literally manage properties from anywhere in the world, simply by replicating the lock tight systems that they have created! We at Hassle Free RE as SOOO excited to share Mike's story with all of you! Thanks for tuning in! Links from the show: www.enchantedrosevilla.com @mbaffuto85
What a wonderful episode we have here! Cody and I met through a real estate forum and have since invested along side one another and often bounce ideas back and fourth as we both work to scale our portfolios. Though our approach to investing in real estate hasn't been the same, our ultimate goals have been very similar. This episode teaches us all that real estate investing can take many different forms! I believe Cody covers 3 different ways that he's invested in real estate. See if you can count them as Cody takes you through his amazing real estate investing journey! Also, be sure to follow Cody on Instagram as he works to build transformational wealth! @gagnonrei
Welcome to Hassle-Free RE! Today, Dave Menapace and Will Van Wickler sit down with guest Matt Welch—a former CPG sales leader who left his W-2 to scale a short-term rental portfolio and co-hosting company across Maine. Matt shares how he and his partners built an owner-first management model, why certain amenities (hot tubs, saunas) outperform in specific markets, and how they’re preparing to expand beyond Maine.You’ll hear the real numbers behind portfolio mix (owned vs. co-hosted), lessons from testing amenities in different geographies, and what gave Matt the confidence to make the leap from corporate to full-time real estate. Whether you’re investing, managing, or considering co-hosting, this episode is a playbook for building systems, choosing the right markets, and growing with intention. Tune in now to learn how to balance guest experience, durability, and ROI while planning your next expansion.TIMESTAMPS01:05 – Will’s 50 deals02:10 – Cape Cod hot tub ROI03:14 – Sheets culture on Cape04:04 – Best product, best price05:25 – Guest intro: Matt Welch06:13 – Early path into real estate08:22 – From LTRs to STRs13:21 – Co-hosting, owner’s mindset16:05 – Maine markets they serve17:51 – 33–34 listings overview20:56 – Hot tubs extend season21:57 – Sauna on deck test23:20 – Leaving a W-228:27 – 2025: team building29:05 – 2026: expand beyond Maine31:52 – How to contact MattConnect with the Guest:Website: https://daysawayrentals.com/Linkedin: https://www.linkedin.com/in/matt-j-welch/#ShortTermRentals #RealEstateInvesting #CoHosting #MaineRealEstate #Hospitality
Welcome to Hassle-Free RE! Today, Dave Menapace and Will Van Wickler take a closer look at vacation rental design trends and uncover why not all upgrades and amenities actually boost your ROI. From flashy but impractical amenities to simple design tweaks that consistently improve guest satisfaction, they share what really works—and what often gets overlooked.Dave and Will discuss common misses in STR design, from basics like linens, towels, and functionality, to over-the-top amenities that end up being more liability than asset. They dive into the hidden maintenance challenges of hot tubs, golf simulators, and saunas, and explain why buying local can save owners thousands. The conversation also highlights market-specific insights—what works in Maine may not work in Cape Cod—and simple, high-impact design changes like murals, king beds, and upgraded linens that consistently drive five-star reviews.This episode is packed with practical takeaways for investors, hosts, and property managers looking to design smarter, avoid costly mistakes, and create guest experiences that deliver. Tune in now to learn how to balance design, durability, and ROI in your short-term rentals.TIMESTAMPS1:22 – Design vs. guest basics2:41 – Scope-of-work misses4:32 – Wells, water, expectations6:06 – Amenity boom realities7:14 – Cheap buys, costly maintenance9:14 – When amenities fail refunds11:33 – Market-specific amenity picks13:36 – High-impact design upgrades15:54 – Design vs. resale value18:02 – Cash flow vs. functionality#ShortTermRentals #VacationRentalDesign #RealEstateInvesting #GuestExperience #PropertyManagement
Welcome to Hassle-Free RE! Today, Dave Menapace and Will Van Wickler break down what it really takes to scale beyond 10 properties in the short-term rental business. From hidden costs to operational complexity, they reveal the challenges no one talks about and the mindset shifts required to build a sustainable, profitable business.Dave and Will discuss why scaling isn’t just about acquiring more doors—it’s about building systems, hiring the right team, and stepping into the CEO role. They share stories from managing dozens of properties and a boutique hotel, highlighting the importance of financial organization, operations across different markets, and learning to coach your team instead of trying to do it all yourself.This episode also explores the personal side of scaling—how to manage the mental load, avoid burnout, and focus on the few things that actually move the needle. Whether you’re just getting started or looking to expand your portfolio, this conversation will help you prepare for the realities of growth and avoid costly mistakes. Tune in now to gain the insights you need to scale with confidence and clarity.TIMESTAMPS1:22 – Scaling beyond 10 properties and the myth of “easy scaling”2:23 – The hidden costs of growth3:09 – The foundation for scaling3:59 – Beach vs. mountain STRs and diversifying across markets4:59 – Managing 40+ properties and shifting into the CEO mindset6:00 – Building a team before you think you can afford it7:56 – Lessons in leadership: coaching, mentoring, and emotional intelligence8:57 – Obsessions that drive business growth: owners, teams, and guests10:00 – Breaking the “grind first, hire later” mindset10:38 – The importance of roadmaps, reps, and purposeful scaling12:00 – Hyperfocus on 1–3 strategies to 10x faster13:14 – Final takeaways: team, mindset, and staying disciplined with growth#ShortTermRentals #BusinessGrowth #RealEstateInvesting #ScalingSTRs #PropertyManagement
Welcome to our latest episode! Today, Dave Menapace and Will Van Wickler tackle one of the most pressing issues in real estate and hospitality—the growing wave of short-term rental regulations. From Boston and Portland to vacation markets like Cape Cod and Bar Harbor, they break down how local governments are shaping the landscape and what it means for investors, operators, and homeowners.Dave and Will explore whether regulations are killing innovation or simply protecting neighborhoods. They highlight the differences between metropolitan markets, where affordability and neighborhood impact are driving restrictions, and vacation markets, where safety and infrastructure are the focus. The conversation also dives into the opportunities these changes create—such as boutique hotels, ADUs, and other creative strategies that thrive within regulatory frameworks.Whether you’re considering your first investment property or already operating multiple units, this episode delivers essential insights on zoning, HOA rules, due diligence, and the importance of common sense in real estate investing. Tune in now to learn how to navigate regulation with confidence, spot hidden opportunities, and avoid costly mistakes.TIMESTAMPS01:57 – Why regulation isn’t always a bad thing02:58 – Metro and vacation markets03:53 – How regulations shape neighborhoods05:41 – Boutique hotels create opportunities where STRs are restricted07:14 – Creative approaches with ADUs and owner-occupied rentals08:47 – HOAs: hidden rules that can make or break your investment10:37 – Due diligence and using common sense before buying11:40 – Why relationships and neighbor dynamics matter for operators12:43 – Deal analysis, and avoiding bad buys13:53 – Why AI tools fall short on regulation research14:43 – How to connect with Dave and Will#ShortTermRentals #RealEstateInvesting #STRRegulations #BoutiqueHotels #PropertyManagement
Welcome to our latest episode! Today, Dave Menapace and Will Van Wickler dive into one of the hottest debates in hospitality—Airbnb versus boutique hotels. With firsthand experience managing both luxury vacation rentals and boutique hotels across New England, they unpack the shifts in traveler behavior, the challenges of guest expectations, and the long-term opportunities for investors.Dave and Will explore whether Airbnbs are truly “collapsing” or if the market is simply evolving. They discuss why boutique hotels are gaining momentum, how guest expectations around cleanliness and consistency are shaping decisions, and the economic pressures impacting both industries. Dave shares insights from managing boutique hotels at scale, while Will highlights the differences in condition standards, branding power, and commercial financing for multi-unit hospitality properties.Whether you’re a real estate investor, property manager, or just curious about where short-term rentals are headed, this episode breaks down the pros and cons of both asset classes. Tune in now to learn what travelers value most, why consistency is becoming the key competitive edge, and how to think strategically about hospitality investments moving forward. TIMESTAMPS02:05 – Airbnbs versus boutique hotels: is there really a collapse?03:32 – Shifts in the market and vacation spending trends05:35 – Economic slowdown and what service businesses reveal about the economy06:37 – Why boutique hotels feel safer and more consistent08:18 – Airbnb condition challenges vs. hotel cleanliness standards10:01 – The five-star review pressure for STR hosts versus hotel reputation models11:56 – Boutique hotels versus single-family STRs13:37 – Scale advantages15:29 – Investment considerations: residential STRs vs. boutique hotels16:01 – Commercial financing, seller credits, and due diligence for hotel deals17:23 – Why relationships matter in commercial hospitality investing18:21 – Wrap-up, takeaways, and how to connect with Dave and Will#ShortTermRentals #HospitalityIndustry #AirbnbVsHotels #RealEstateInvesting #BoutiqueHotels
Welcome to our latest episode! Today, we’re joined by Jason Muth, Co-Founder and Director of Customer Experience at Prideaway Stays. Jason is a 31x Airbnb Superhost, 29x Vrbo Premier Host, and a full-time entrepreneur who transitioned from a corporate media career to scaling a successful short-term rental and co-hosting business. His story is filled with insights on intentional growth, hospitality, and building a business that aligns with your lifestyle and values.In this episode, Jason shares how one uncomfortable couch and an allergy to cats led to the purchase of his first short-term rental in 2016—and how that one home turned into five owned properties and a thriving co-hosting operation with 17 listings. He walks us through the lessons learned from a major property flood, why having the right insurance partner made all the difference, and how installing generators across his portfolio became a strategic move. Jason also unpacks the launch of Prideaway Stays, his Provincetown-focused management company that blends hospitality, niche branding, and community engagement.If you’re curious about how to pivot into co-hosting, build a business that reflects your values, or simply hear how a seasoned host navigated the challenges of growth, this episode is for you. Tune in now to learn how Jason scaled from one rental to a robust hospitality brand—and what he wishes more short-term rental owners understood about success!TIMESTAMPS01:00 – Spring updates and business expansion04:58 – Guest intro: Jason Muth06:08 – How an uncomfortable couch sparked Jason’s first short-term rental09:05 – From one rental to five: Jason’s early investment journey13:28 – Transitioning from W-2 to full-time entrepreneur17:00 – Using DSCR and vacation loans to scale19:11 – Cost segregation and maximizing depreciation22:01 – The guest-caused flood and $130K in damages24:50 – Why proper insurance is worth every penny29:14 – Installing generators across all properties31:03 – Messaging guests and preparing for power outages33:36 – Neighbor relationships and protecting the business39:02 – Launching Prideaway Stays in Provincetown42:55 – Why niche focus matters: Knowing your target guest48:03 – Second homeowners vs. investors in New England markets50:47 – Giving back and community partnerships at Prideaway53:45 – Final thoughts and where to connect with JasonConnect with the Guest:Website: https://www.prideawaystays.com/Linkedin: https://www.linkedin.com/in/jasonmuth/Instagram: https://www.instagram.com/jasonmuth/Facebook: https://www.facebook.com/jasonmuth/Youtube: https://www.youtube.com/@smartstayshow#ShortTermRentals #AirbnbSuperhost #STRCoHosting #VacationRentalTips #EntrepreneurJourney
Welcome to our latest episode! Today, Dave and Will dive into one of the most crucial aspects of business success—building and managing a high-performing team. They share lessons from their own experiences in hiring, training, and leading virtual assistants (VAs) and in-person teams. Whether you're struggling to delegate or looking to scale your business efficiently, this episode provides actionable strategies for creating a team that operates at a high level.Dave and Will break down the common mistakes entrepreneurs make when hiring VAs, including rushing into hiring without systems, failing to provide clear expectations, and treating VAs as task-rabbits instead of valued team members. They discuss the importance of leadership, vision, and values in building a successful business and why self-awareness is key to becoming an effective leader. Dave shares his process for hiring, onboarding, and structuring virtual teams, including time studies, SOPs, and personality assessments. Will reveals how refining his calendar and improving delegation have transformed his productivity and business growth.Whether you’re hiring your first VA or looking to optimize your existing team, this episode is packed with insights on scaling your business, improving leadership skills, and fostering a winning team culture. Tune in now to learn how to delegate effectively, create accountability, and build a business that runs smoothly—without burning out!TIMESTAMPS01:00 – Introduction and updates: boutique hotel management expansion03:07 – The power of masterminds in business growth06:12 – Hiring and leading a virtual team08:50 – Why most people fail when hiring VAs and team members11:00 – Vision, values, and leadership in team-building13:06 – Personality types and why they matter when hiring16:30 – Process for identifying tasks to delegate19:53 – Creating SOPs, structure, and accountability22:44 – Setting expectations and managing chaos26:18 – Time audits and optimizing your calendar for productivity30:05 – Slow down, lead better, and build the right tea#BusinessGrowth #LeadershipDevelopment #ScalingWithVAs
Welcome to our latest episode! Today, Dave and Will dive into the transformative power of mindset retreats, real estate conferences, and networking at high-level masterminds. Both recently returned from separate but impactful events in Las Vegas—Dave from the Freedom Mastermind and Will from Keller Williams Family Reunion. They break down their biggest takeaways and why stepping out of your comfort zone to invest in personal and professional growth can lead to massive success.In this episode, Dave shares insights from the Freedom Mastermind, where he worked with top industry leaders to refine decision-making, expand awareness, and elevate business strategy. He explains why high-ticket masterminds are critical for business owners looking to break through income ceilings and accelerate success. Will discusses the state of the real estate market, key strategies for listing lead generation, and what it’s like to learn directly from Gary Keller and other top-producing agents. They also highlight the importance of being in the right environment, surrounding yourself with high-achievers, and constantly seeking new ideas to improve and scale.Whether you're a real estate investor, entrepreneur, or business owner, this episode will challenge you to think bigger and take action toward your goals. Tune in now to learn how to leverage masterminds, networking, and personal development to achieve long-term success!TIMESTAMPS02:09 – Will and Dave’s recent trip to Las Vegas06:03 – The power of in-person networking and learning from top producers08:34 – Speaking on real estate panels10:49 – Direct mail strategies and listing lead generation14:33 – Market insights and mindset shift for 202416:49 – Experience at the Freedom Mastermind19:22 – Why entrepreneurs invest in high-ticket masterminds22:07 – How decision-making impacts income and business success24:50 – Upgrading your environment for business growth27:40 – Takeaways: self-investment, business mindset, and mentorship#MindsetMatters #RealEstateGrowth #EntrepreneurLife #NetworkingForSuccess #BusinessMastermind
Welcome to our latest episode! Today, we’re joined by Chris Petzy, Co-owner and CEO of Seacoast2Summit Vacation Rentals. Chris is a real estate investor, coach, Airbnb Superhost, and industry thought leader. With over five years in the short-term rental space and a decade of experience in streamlining business operations, Chris has built a reputation for leveraging modern-day technology and assembling high-performing teams. Through his expertise, he helps homeowners earn more while stressing less by optimizing their short-term rental investments.In this episode, we dive into the evolving world of short-term rental management and explore the growing need for self-management solutions. Chris and his co-founder at LaunchPad Consulting, Dave Menapace, discuss their innovative approach to empowering property owners with the tools, systems, and strategies needed to operate efficiently. They break down the essential steps to running a short-term rental, from automating operations and leveraging technology to hiring vendors and managing guests effectively. Whether you’re an investor looking to offset taxes, a host seeking to maximize returns, or someone considering entering the space, this conversation is packed with insights to help you navigate the process smoothly.Tune in now to learn how to take control of your short-term rental business while minimizing stress and maximizing profits!TIMESTAMPS03:07 – Guest intro: Chris Petzy05:03 – From investing to short-term rental management08:06 – The gap in the STR market and the need for self-management solutions12:18 – Short-term rental operators’ pain points17:02 – Why hospitality matters in real estate investing22:24 – LaunchPad Consulting helps homeowners streamline operations28:02 – The importance of automation and revenue management 34:29 – How to connect with Chris and LaunchPad ConsultingConnect with the Guest:Website: https://www.seacoastvacationrentals.co/Linkedin: https://www.linkedin.com/in/chrispetzy/Instagram: https://www.instagram.com/chris_petzy/Linktree: https://linktr.ee/chrispetzy#ShortTermRentals #RealEstateInvesting #PassiveIncome #SelfManagement #STRAutomation
Welcome to our latest episode! Today, we’re diving into the proposed short-term rental (STR) ordinance in Newry, Maine, a market that has remained largely unregulated—until now. This draft regulation aims to introduce new safety and operational standards for vacation rentals, impacting everything from occupancy limits to fire safety, parking, and trash control. With the town seeking to balance the needs of residents, visitors, and property owners, this discussion is crucial for anyone invested in the future of STRs in the area.In this episode, we break down the key provisions of the proposed ordinance, highlighting what we like, potential challenges, and how these changes could affect STR operators. We discuss the emphasis on health and safety, including new requirements for fire extinguishers, smoke detectors, emergency contacts, and water quality testing. We also explore how these rules compare to other regulated markets and whether Newry’s small-town infrastructure can realistically implement and enforce them. Plus, we share insights on how STR owners can prepare for potential changes and ensure compliance while maximizing their rental business.Tune in now to get a full breakdown of the proposed Newry STR ordinance and what it means for the future of short-term rentals in the area!TIMESTAMPS00:00 – Introduction to the episode01:02 – Market updates and new developments03:58 – Overview of the proposed STR ordinance in Newry, Maine06:26 – Key safety regulations: fire extinguishers, occupancy limits, and egress10:04 – Trash control plans and parking regulations13:16 – Water testing requirements and compliance challenges16:03 – The role of emergency contacts and management logistics19:47 – Floor plan requirements and operational concerns23:12 – The financial and tax implications of enforcement26:50 – Final thoughts and predictions for the future of STRs in Newry#STRRegulations #ShortTermRentals #VacationRentals #RealEstateInvesting #STRMarketUpdates