262. Scaling Short-Term Rentals: Boutique Hotel Investment, Airbnb Alternatives, and Real Estate Strategies with Blake Dailey

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Nov 19, 2024

Blake Dailey, a savvy real estate investor specializing in boutique hotels, shares insights on scaling short-term rentals. He discusses the shift from traditional Airbnb properties to attractive boutique hotels, highlighting better margins and unique guest experiences. Blake provides tips on finding high-potential deals and leveraging technology for efficient property management. He also emphasizes the importance of revenue management through tailored amenities, making a compelling case for the future of the short-term rental market.

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ANECDOTE

From One Mother-In-Law Suite To A Portfolio

Blake bought a mother-in-law suite and used it to live mortgage-free while renting the extra unit.
He scaled by buying houses with ADUs and renting multiple listings per property to optimize revenue.

INSIGHT

Boutique Hotels Outpacing Typical STRs

Boutique hotels are becoming easier to find and more attractive than typical STR houses right now.
They combine the consistency of hotels with the unique experience guests want from STRs.

ADVICE

Where To Find And Underwrite Hotel Deals

Use LoopNet, Crexi, and niche sites like hotelsforsale.com to source boutique hotel deals.
Evaluate deals by identifying value-adds that increase NOI such as renovations, added units, or new income streams.

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In this episode, we dive into the world of scaling short-term rentals through boutique hotel investment with Blake Dailey, a real estate investor who's made waves in the Airbnb and boutique hotel markets.

As Airbnb's popularity shifts, many investors are looking for alternatives to increase profitability and provide unique guest experiences. Blake shares his strategies for finding high-potential boutique properties, implementing direct booking strategies, and maximizing revenue through added amenities and efficient operations. If you're interested in passive income from real estate or learning how to scale from single-family Airbnb properties to larger boutique hotels, this conversation is packed with valuable insights.

Topics Covered:

Scaling Short-Term Rentals: Moving from Airbnb rentals to boutique hotel investment
Airbnb Alternatives and Market Trends: Why direct bookings and boutique hotels are rising in popularity
Boutique Hotel Investing Tips: Insights on finding, evaluating, and purchasing boutique hotel deals
Property Management Automation: Leveraging virtual reception and tech for efficient STR operations
Revenue Management and Value-Adding Amenities: Maximizing revenue through amenities and tailored guest experiences

Thanks for watching today's episode on scaling short-term rentals with Blake Dailey! From real estate investing tips to the advantages of boutique hotel investments, we've covered a lot of ground. As Airbnb continues to evolve, many investors are finding that alternatives, like boutique hotels and direct booking platforms, can provide a profitable and unique approach to short-term rentals. Remember, successful STR management is all about creating a memorable guest experience, making smart investments, and staying efficient with automated operations.

Need help managing your short-term rental and you don't want to go it alone? Shoot us a message here and we'll see if we can help.

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