What a rough and bumpy ride.
We started the year with $485K in sales for January & February. New all time highs for both months.
Only Five Reservations cancelled after the International Travel Ban was out in effect January 31st.
The Presidents address to the Nation really opened the floodgates. We cancelled 163 reservations totaling $412K.
Our Shelter in Place order allowed us to service Essential Travel , Essential Business and Rentals of 31 or more days.
We pivoted the business, my Missus worked her magic, and we ended April at about $455K in sales YTD. So, we booked $380K in new reservations across March and April.
May was the first month we saw progress. When Pebble Beach announced the Golf Courses were reopening, there came another Tidal Wave.
This month we’re on pace for $300k in new sales. Even with the four new properties we’ve brought on during the past three months, we need more doors, we’re running out of room!
In May, we also filed a new corporation, brought on three Realtors (always have a side hustle) . We have a $2.5MM listing and a $2MM sale (we’ll be managing as a vacation rental) in escrow. We’ve always had Real Estate leads from our Guests. But we’ve always been to busy to work them. Problem solved.
Almost forgot. Received our first payment from AirBnb since March 12th this morning. Looks like we finally paid off our $77k in Cancellations on that Channel.
My sense for the future is put something away for a rainy day. A hard rain.