Hello everyone and welcome back to the Farming for Passive Income show where we strive to educate the agricultural community on how to create alternative income streams and diversification through commercial real estate private equity.

Hersh Rai is Chief Growth Officer of Serenity Stays, a boutique short term and mid term rental management company. He primarily focuses on lead generation, client interaction, marketing, and outreach. Beyond his day-to-day responsibilities, Hersh is extremely passionate about delivering state-of-the-art management solutions for clients and ‘serene’ experiences for guests. 

Hersh is also an active investor focused in the commercial multifamily, manufactured housing, and new development spaces. He is a managing partner of RaiVu, a real estate-based private equity firm. Hersh is a graduate of the United States Naval Academy and Purdue University.

1:50   - How did he start in the Airbnb Industry?

04:40 - His Clients

08:30 - Different value add strategies for midterm rental offset

09:10 - How their company implements strategies to streamline operations and address those pain points effectively?

12:00 - Local boots on the ground or online?

15:45 - The knowledge, processes, and mindset from his academy experience incorporate into his  current approach

19:15 - The challenges he anticipates in the markets he is investing

27:30 How does his company approach building relationships and communicating with local municipalities to navigate the certificate of occupancy requirements and address the regulations surrounding Airbnb and mid-to-long-term rentals?

33:20 - Takeaway from Hersh

Connect with Hersh Rai:

Website: serenitystays.com

Email: [email protected]

LinkedIn: Hersh Rai