Have you dreamed of starting a short-term rental business but felt overwhelmed by local rules and restrictions? Get inspired by the story of one couple who refused to let city ordinances stop them from building their short-term rental business in a popular Texas destination.
In this episode, Trudy Cox shares how they faced challenges from vacation rental bans and how they convinced the city to pass an ordinance allowing vacation rentals, paving the way for their success.
Trudy gives us a look into their thoughtfully designed properties, sharing how she and her husband built and created their first three homes. She explains how they manage operations, attract guests, and maintain positive relationships with neighbors. Trudy also walks us through her daily operations, inspection process, and cleaning system, including how she effectively manages her cleaning team.
Whether you're an experienced investor or dreaming of your first short-term rental, this episode is filled with valuable insights on perseverance, strategy, and creativity. Listen now to learn how this couple overcame the odds and turned their dream into a thriving business!
HIGHLIGHTS AND KEY POINTS:
[01:20] A short introduction about our guest Trudy Cox
[02:48] What got Judy started in short-term rental space
[04:29] The biggest challenges that Judy faced doing ground up construction and how they’ve overcome them
[05:29] How Jessica and her husband tackled short-term rental regulations challenges in Arlington
[07:59] Trudy shares how her husband’s relentless efforts helped shape short-term rental regulations
[10:15] Trudy's husband's strategic research to influence short-term rental regulations
[13:20] Trudy talks about his husband's ongoing involvement in city policy and advocacy for short-term rentals
[15:07] How Trudy and her husband built and designed their first three short-term rental homes
[19:59] How Trudy manages operations and drive traffic to their short-term rentals
[22:03] Trudy’'s positive experience with their neighbors and the beneficial impact of short-term rentals on the neighborhood
[23:44] Trudy talks about their day to day operations and her inspection process
[28:25] Trudy's cleaning process and how she manages her cleaning team
[32:20] Trudy’s advice for newcomers to the short-term rental space
[34:41] Overcoming doubts and challenges in the growth of a short-term rental business
[37:46] Navigating challenges in the building process, specifically related to hiring contractors
[40:20] The lightning round
Golden Nuggets: