Ep 183 - Starting an STR Meetup with STRategic Investors Kyle and Allie Fugatt and Brian Hatcher

In this episode, hosts Emanuele Pani and Mike Riley sit down with Brian Hatcher, and Kyle and Allie Fugatt, delve into the lucrative niche of short term rentals (STRs) and their journey in real estate investing without relying on traditional methods. They discuss the unique approach of rental arbitrage through short term rentals, highlighting the potential for outsized returns and the rapid income growth it offers. The conversation covers the operation of boutique hotels and micro-resorts, emphasizing the importance of community building, both locally through STR meetups and globally, across various locations including the US, Hawaii, Fiji, Canada, Mexico, and the Caribbean. The episode also touches on the significance of mindset in overcoming challenges, the value of integrating family into the business for work-life balance, and the strategic benefits of creating a strong local network through meetups for knowledge sharing and industry collaboration. Guests' Bio: Kyle and Allie Fugatt are experienced entrepreneurs and investors with backgrounds in syndications, capital raising, short-term rentals, boutique hotels, consulting, and coaching. They are the owners of Cherokee Rose Homes, a property management company in Blue Ridge, Georgia, and The Mallard Hotel in Copperhill, TN. Brian Hatcher is a seasoned entrepreneur, investor & consultant with a diverse background in accounting, finance, and data & analytics. He is the founder of Elite Escapes, a short-term rental travel company that partners with resorts across the globe. Kyle, Allie, and Brian are all co-founders of The STRategic Investors, a short-term rental meetup company designed to educate current & future hosts as well as elevate the overall quality & standards of the short-term rental industry by offering operators a “meetup in a box” foundation to help them ensure a successful meetup from day one. Connect with the Guests: www.thestrategicinvestors.com 00:00 Unlocking Financial Freedom with Short Term Rentals 00:49 Meet the Hosts: Insights and Experiences 01:11 The Power of Mindset in Overcoming Challenges 01:48 Behind the Scenes: The First Three-Person Show 02:06 Expanding the Short Term Rental Community Through Meetups 04:36 The Journey of Launching a Boutique Hotel 08:02 Strategic Decisions in Hotel Management and Design 16:13 Exploring Resort Partnerships and Timeshare Opportunities 21:21 Exploring Global Property Management and Personal Adventures 22:16 The Evolution from Property Management to Developing Micro Resorts 24:33 Launching a Nationwide Meetup for Short-Term Rental Enthusiasts 25:11 The Strategic Investor Meetup: Building a Community and Sharing Knowledge 26:20 Meetup Requirements and Benefits: Fostering a Supportive Community 27:23 Expanding the Meetup Network and Future Plans 36:21 Cultivating Work-Life Balance and Integrating Family into Business 43:44 Final Thoughts and Encouragement for Joining the STR Community Connect with the Hosts Michael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedin https://linktr.ee/mikesjogren Emanuele Pani: Clubhouse | Instagram | Facebook | Linkedin Watch Mike's free masterclass training on www.strsecrets.com/masterclass Learn more about your ad choices. Visit megaphone.fm/adchoices