One Rental At A Time Are Furnished Luxury Rentals The Place to Invest?
Nov 26, 2025
In this discussion, Jason Griggs, a seasoned real estate investor and founder of Griggs Vacation Rentals, dives into the booming market of furnished luxury short-term rentals. He shares his transformation from teaching to investing, revealing insights from his journey, including the remarkable renovation of a 9,000 sq ft mansion in Henderson, Nevada. Jason highlights key strategies for success, such as understanding local markets, creative financing options, and the importance of responsible property management for maximizing rental income.
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First Deal Transformed Wealth
- Jason bought his first rental in 2016 for $250,000 and saw it grow to nearly $800,000 in nine years.
- He reinvested cash flow into principal and now that property is almost paid off.
9,000 Sq Ft Mansion Became A Resort
- Jason rebuilt a 9,000 sq ft Henderson mansion into a resort-style luxury rental and hosted reality TV events there.
- The property became highly popular and attracted private events, athletes, and networking opportunities.
Buy And Furnish Upper-End Homes
- Buy furnished higher-end homes ($500k+) in desirable neighborhoods because demand for furnished upper-end rentals is scarce.
- Furnish four- to five-bedroom homes with pools to capture long-, mid-, or short-term bookings.