Jacob Mueller, founder of Renjoy, a short-term rental management company that grew from $0 to $4 million in top-line revenue in under three years and now manages over 180 short-term rentals. Jacob shares his journey of acquiring enough real estate to retire at 31, building a portfolio of 18 doors, and pivoting into short-term rentals during a disruptive moment in the industry.
We dive into:
• The pros and cons of short-term vs. long-term rentals.
• The operational challenges of managing 180+ short-term rental properties.
• Tactical advice for spotting undervalued opportunities and adding value.
• Navigating risks like legal changes, operational hiccups, and market saturation.
• Strategies for building a scalable, investor-focused business in the short-term rental space.
Whether you’re considering jumping into short-term rentals or refining your current approach, this conversation is packed with actionable insights and lessons I know you’ll find valuable.
Chapters:
00:00 Intro
01:02 Journey in Real Estate
01:52 Transition to Short-Term Rentals
02:13 Building a Personal Portfolio
03:34 Challenges in Commercial Real Estate
04:46 Strategies for Real Estate Success
08:28 Team Building
10:56 Shifting to Short-Term Rentals
13:42 Understanding the Short Term Rental Market
19:43 Understanding the Risks and Rewards of Short-Term Rentals
20:19 Adding Value to Your Property
22:12 The Realities of Self-Managing Short-Term Rentals
25:11 Evaluating Property Management Fees and Take Rates
33:28 Scaling a Short-Term Rental Business
39:05 Conclusion
🔗 **Resources & Links:**
• Learn more about Jacob’s company: https://renjoy.com/
• Connect with Jacob: https://x.com/Jacobtmueller
Follow The Hybrid Real Estate Professional Podcast on Spotify: https://open.spotify.com/show/5E3wy1vqBE8zdriSfUdwiO
🎧 If you enjoyed this episode, please take a moment to leave a 5-star review. Your support helps me grow this podcast and reach more listeners like you!
