Ep 228 -Transitioning from STRs to Hotels with Mike Sjogren and Shawn Moore

Ready to scale beyond short-term rentals? Mike Sjogren and Shawn Moore reveal the step-by-step process of transitioning from STRs to boutique hotels. Discover key strategies for funding, operations, and long-term success in the hospitality industry. Don’t miss this game-changing episode!01:26 - From Corporate Job to Real Estate Investor03:29 - The Breaking Point That Led to Financial Freedom05:03 - First STR Deal: Taking a Risk That Paid Off07:57 - Rental Arbitrage vs. Owning: Choosing the Right Path10:09 - Scaling STRs with Smart Systems and Automation13:23 - Overcoming Challenges in a Competitive Market16:00 - The Power of Virtual Assistants in STR Management19:48 - Turning Co-Hosting Into a Profitable Business Model22:33 - Mastering Guest Experience for Higher Ratings26:15 - Building a Long-Term Vision for STR Growth29:25 - Leveraging Partnerships for Real Estate Success32:10 - Transitioning from STRs to Boutique Hotels35:53 - The Importance of Finding the Right Mentors38:31 - Avoiding Costly Mistakes When Buying STRs42:00 - The Future of STRs: Where the Market Is Headed45:10 - Final Advice: Think Bigger, Take Action, SucceedShawn Moore's Bio:From reading real estate books at the public library to cashing his first wholesale check right out of college, Shawn has always been interested in finding the best opportunities in real estate. His desire to learn and achieve the best led him to seek great coaching from mentors and to be a good student. In his 22 years in the industry, Shawn has flipped homes, built a portfolio of long term rentals, attained land development deals, sold high-end luxury resort properties, and now leads the #1 short term rental education company and mastermind group in the world.Vacation Rental Revolution:https://www.youtube.com/@VodysseyShawnMooreGet FREE Access to our Community and Weekly Trainings:group.strsecrets.com