STR Investing, The Podcast How To Acquire High Performing STRs
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Jun 13, 2025 Pedro Rivera, Head of Acquisitions at Summer OS, brings a wealth of expertise from hotel acquisitions to the short-term rental space. He highlights the unexpected parallels between the two markets, emphasizing the critical role of data in making informed investment decisions. Pedro discusses how accurately assessing competitive sets and lot features can enhance STR performance. He also unveils innovative tools for revenue tracking and the importance of being hands-on with operational strategies, paving the way for success in a highly competitive landscape.
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Pedro Rivera's Unique Background
- Pedro Rivera shared his journey from hotel acquisitions to building-to-rent and then merging those experiences into short-term rentals.
- He explained how his combined expertise uniquely positioned him to innovate short-term rental investing.
STR vs Hotel Operations
- Short-term rentals are like hotels, renting units daily with dynamic pricing and guest experience focus.
- However, operating scale differs greatly as hotels start large while STRs grow unit-by-unit, making STR operations uniquely challenging.
Challenges in STR Build-to-Rent
- Build-to-rent investors struggle to apply long-term rental thinking to short-term rental operations.
- Differentiation in large homogenous STR communities is difficult and often results in commodity-like competition.