How I Bought My First Boutique Hotel and Where I See Opportunity Over the Next 18 Months | E6
The Rich Somers Report
Diversifying income streams with short-term rentals
The individual diversified income streams by investing in short-term rentals, which were of high quality. In 2022, they established a short-term rental management company to manage not only their own rentals but also rentals for third-party owners on a selective basis. This company focuses on boutique-style management, only accepting properties that align with their standards. Despite growing the company and acquiring clients, challenges arose with increasing interest rates from March through May.
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
