What I Learned Trying to run a Boutique Hotel Like an Airbnb | 5 Important Differences

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Learn how to launch, automate & scale your short term rental business ➡️ www.strsecrets.com/
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Welcome to Short Term Rental Secrets! I’m Michael Sjogren, and I help people start and scale their own Airbnb businesses. If you want to learn about Airbnb and short term rentals, this is the place for you! I started this channel to share Airbnb tips and strategies to help you earn mostly passive income from your real estate investments.
We help new and seasoned real estate investors launch, automate & scale their short-term rental portfolio to 2-5x their rental income as they fast track their journey to financial freedom. I’ve been in the hospitality industry since 2017 when I founded Occupied, LLC, a national hospitality investment and management company.
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Опубликовано:

6 сен 2022

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Комментарии : 21

@rodart1945 4 месяца назад

Enjoyed this!

@Mybeforenafters 7 месяцев назад

Thanks for this! Wow, especially about the laundry situation

@prathimadeshpande Год назад

❤ very valuable

@meghmickhazarmaliyan5781 День назад

❤

@godfreymani9016 2 месяца назад

Hey Mike, thank you for this video. Regarding the Value of the commercial property, I see you calculating it as Value multiplied by Cap rate. However, from other sources, I have seen it being calculated as NOI divided the cap rate. However do you reconcile the two approaches?

@patriciakilty Год назад

Great info! If you’re ever in England, let me know!

@Boostly Год назад

#1 is fire 🔥

@user-xg9ti6ei2b 10 месяцев назад

we are going to stat this in Texas ,

@Boostly Год назад

🔥🔥🔥🔥

@andreasfaass6186 4 месяца назад

May I ask, what linens do you use? Is drying just enough (with getting wrinkles out) or do you need to dry press them?

@mikesjogren 4 месяца назад

We use standard textile or Boston textile, and just dry them.

@amandasycks4192 2 месяца назад

All very helpful. From a boutique hotel owners perspective, is there a place for executive assistant support in these smaller hotels? Are you utilizing VA services?

@mikesjogren 2 месяца назад

Yes most of the op is run remotely by VAs

@alanpickering6291 Год назад

Thanks for the show. I recently opened a 12-unit boutique hotel and am struggling with laundry machines. Would you share the commercial model you purchased? Thanks

@mikesjogren Год назад

We didn't buy new commercial ones. The ones at Beverly I believe are whirlpool.

@stevedavis9466 Год назад

I have a friend that is doing this in Miss on a major highway in a tourist area. He also has RV spaces on the property behind the motel. He wants to do Airbnb and long term rentals for the motel rooms he has renovated into small apartments with a kitchen area. Would love to talk to about what you are doing .

@mikesjogren 6 месяцев назад

Send me a message on IG or FB account. instagram.com/the_airbnbguy/ facebook.com/mike.sjogren.7/

@PaulMacalusoLV 6 месяцев назад

Hey brother just came across your info in last few days. I'm pivoting from Multifamily to hotel. Looking to take down a 42 room motel here in Vegas and want to create a boutique self serve property with this acquisition. Would you be open to me flying you to Vegas and putting you up for a day to have you give me some insights. Let me know and we can discuss further

@FlipwithThomas Год назад

How does the refi work with STR income compared to LTR income?

@mikesjogren Год назад

Can you please elaborate?

@helprehouseourvets6919 Год назад

Thank you for this very in-depth explanation tutorial! You just showed me that this isn't what I want. What I want is to earn passive income by *investing in* those *doing* the (mental & physical) *grunt* work!🤣😂✔️💯🦾