Short Term Rental Secrets Podcast Ep 164 - Building A Boutique Hotel Portfolio with Diya Liu
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Aug 21, 2023 Former patent litigation attorney turned hotelier, Diya Liu, shares her journey of owning 4 hotels and multiple short-term rentals across the USA. She discusses the advantages of short-term rentals, transitioning to full-time property management, hotel renovations, team building, and market analysis for successful investments.
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From Litigation To Short-Term Rentals
- Diya left a high-hour patent litigation job to pursue real estate and travel more.
- She began by house-hacking and renting rooms on Airbnb while building short-term rental skills.
Use Your Day Job To Bootstrap Skill And Capital
- Spend evenings and weekends learning operations, renovations, and deal analysis before quitting a stable job.
- Use a day job to accelerate savings while scaling short-term rentals to reach financial independence.
Why Hotels Solve STR Valuation Limits
- Short-term rental comps can cap resale value even if a property generates high cashflow.
- Converting to commercial assets like hotels can align sale price with revenue rather than neighborhood comps.