Short Term Rental Secrets Podcast Ep 208 - Buying Your First Boutique Hotel with Kim Herrlein
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Sep 23, 2024 Kim Herrlein is an expert in luxury short-term rentals who now focuses on boutique hotels. In this discussion, she shares her journey from managing high-end STRs to transforming hotel properties. Kim emphasizes the importance of acknowledging knowledge gaps and fostering team collaboration. She highlights the unique design challenges and operational differences between short-term rentals and boutique hotels. With a community-driven approach, Kim reveals her strategies for creating curated guest experiences while navigating the evolving hospitality landscape.
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Converted 5,000 Sq Ft Home Into 10 Beds
- Kim Herrlein converted a 5,000 sq ft four-bedroom into a 10-bedroom, seven-bath rental.
- She added small ensuites and kept large shared living spaces to serve groups.
Drive Market Enables Large-Group Niche
- Kim points out Palm Springs' two-hour drive market fuels demand for large-group rentals.
- They optimized by shrinking bedrooms and expanding communal kitchens and living areas.
Drop Ego And Outcomes
- Kim Herrlein urges you to drop ego and attachment to outcomes when learning.
- Admit what you don't know and focus on growth, not fixed results.