How I ended up passionate about creating financial independence through short term rentals
I stumbled into short term rental hosting 5 years ago. I had a small fishing cabin in Shenandoah Valley that my wife and I slowly fixed up and enjoyed on the weekends. We talked about renting it out, but thought it would be too much work for too little money. Boy were we wrong!
First a friend or two borrowed my little cabin, then another friend, and then friends of friends asked to use it. When complete strangers were asking about my cabin, I finally (and skeptically) listed it on AirBNB. It booked liked crazy! I mean every single weekend since.
I’m a serial entrepreneur, so numbers like that caught my attention. I started testing business methodology on my AirBNB listing and recording my research. I bought 3 more cabins and continued to hone my processes to maximize revenue by understanding the Occupancy Equation. I’m now at 85-90% occupancy year round. My short-term rental properties generate 2-3 times greater returns than long term rentals.
The friends who would ask to use the cabin and learned it was booked for the next 3 months started asking how much money I was making and what my “secret sauce” was. I mentored my business partner into buying his first short term rental property and building it into the top listing in his area. Then I mentored another, and another, and another proving that my approach can put any listing at the top of AirBNB search results.
Mentoring helped me apply my expertise and methodology to new markets. I was able to help people make their second homes cover their mortgages. In this process I discovered a new passion.
I love helping other people gain financial independence through short term rentals! I get joy from talking to new people, understanding their goals, researching their market, and guiding them through the process of investing to create a new revenue stream.