October 24, 2024

The Bold Business Move That DOUBLED His STR Business Overnight | Eric Lewis

36 minutes

Welcome to today’s episode, where we’re diving deep into the world of scaling a short-term rental business. I'm really excited to introduce our guest, Eric Lewis, the founder and owner of Nashville Stays. Eric’s story is one that’s sure to inspire anyone in the vacation rental industry. He started with just one property and grew his portfolio by leaps and bounds, eventually making the bold move to acquire an entire rental management company.

In this episode, we’ll explore how Eric built his business in the highly competitive Nashville market, the challenges he faced while scaling, and the strategies he used to maintain a high standard of service for both guests and homeowners. Whether you’re just starting out or looking to grow your own rental business, you won’t want to miss Eric’s insights and practical advice. Let’s jump in!"

Things we discussed in this episode:

Scaling a short-term rental business beyond a single property

Eric Lewis' journey from managing one property to acquiring a multi-property company

The strategic benefits of acquiring another short-term rental management company

The process of networking and identifying potential acquisition targets

Navigating the legal and structural aspects of the acquisition deal

Strategies for retaining and building loyalty with the acquired clients/homeowners

Eric's transition from a side hustle to a full-time short-term rental entrepreneur

The importance of continuous education and peer support in building confidence

Challenges of balancing a full-time job with running a growing short-term rental business

Eric's plans for solidifying processes, building a strong team, and focusing on future acquisitions

Get in touch with Eric:

Website - https://nashvillestays.com/

Email - [email protected]

Instagram - https://www.instagram.com/nashvillestays/

Linkedin - https://www.linkedin.com/in/eric-lewis-cpa-07638749/

#SmartStayShow #realestate #realestateinvesting #realestateinvestor #realestatelaw #realestateagent #RealEstateNegotiation #ShortTermRentals #AirbnbHost #PropertyManagement #Entrepreneurship #BusinessAcquisition #Nashville #RealEstateInvesting #SideHustletoBusiness #BusinessGrowth #ScalingOperations

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Join Jason Muth of Prideaway Stays and Straightforward Short-Term Rentals and Real Estate Attorney / Broker Rory Gill for another episode of SmartStay Show!

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SmartStay Show Website and on Instagram and YouTube

Prideaway Stays Website and on Facebook and LinkedIn

SmartStay Coaching Website and on Instagram

Straightforward Short-Term Rentals Website

Attorney Rory Gill on LinkedIn

Jason Muth on LinkedIn

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This podcast and these show notes are not legal advice, but we hope you find both entertaining and informative.

Hospitality.FM

SmartStay Show is part of Hospitality.FM, a podcast network dedicated to bringing the best hospitality-focused podcasts to those in and around the industry, from Food + Beverage, Guest Experience, Diversity & Inclusion, Tech, Operations, Hotels, Vacation Rentals, Real Estate Law, and so much more!

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By Airbnb Superhost Jason Muth + Rory Gill

4.9

3939 ratings