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In this podcast episode hosted by Javi Chavez, Diya Liu shares her journey from being an engineer and lawyer to becoming a hotel owner and Airbnb host. Diya provides valuable insights into the hospitality and real estate space, offering practical advice for aspiring entrepreneurs.

Diya emphasizes the approach of reaching out directly to hotel owners when considering a purchase, especially since many hotels are owned by mom-and-pop operators. She shares her experience of acquiring a 13-unit hotel with capital under $100k, highlighting the accessibility of such opportunities.

Drawing from her expertise in creating memorable designs and experiences for guests, Diya discusses her transition from the Airbnb market to hotel ownership. She introduces technological advancements, such as iPad check-ins, to enhance guest experiences. Diya strategically chooses locations within driving distance of popular tourist attractions, focusing on markets with growth potential.

Recognizing the importance of specialization, Diya advocates for having a partner in business. Her partner handles operations while she focuses on acquisitions and financing. She encourages listeners to acknowledge their strengths and weaknesses, emphasizing the value of collaboration.

Diya reflects on her journey, acknowledging the influence of her parents who initially urged her to become a scientist. Her pivot to law school and subsequent leap into entrepreneurship in real estate demonstrate her determination to pursue her passion.

As Diya expands her focus on content creation in 2024, she shares insights into common pitfalls in the Airbnb world. Stressing the importance of quality mattresses, sheets, and bed frames, she advises aspiring entrepreneurs to prioritize design and hire interior designers.

Discussing her past reluctance to seek help or mentorship, Diya encourages others to proactively seek guidance and attend classes when entering the real estate space. She emphasizes the benefits of learning from experienced mentors and avoiding outdated advice.

The conversation delves into transitioning hotels from franchises to independent establishments, noting that the process varies based on the franchise involved.

Diya sees herself continuing in this field indefinitely, encouraging others to pursue their passions, create opportunities, and persist in the face of challenges, finding beauty in the grind.