In recent years, the commercial short-term rental industry has experienced significant growth and transformation. As the traditional model of commercial spaces continues to evolve, businesses must adapt to changing trends to remain competitive and unlock profitability.

This episode aims to explore key strategies and considerations for harnessing the potential of commercial short-term rentals, with insights provided by industry expert Victoria Jessup.

In this episode, you will learn about:

• Unique investment opportunities available within the realm of real estate, specifically targeting unconventional rentals.
  
• The ins and outs of renovating Airstreams for profitable, short-term tenancy.
  
• Hurdles of maintaining short-term rentals in the existing economic situation.
  
• Insights on how to outshine competitors in the Airbnb marketplace by harnessing creativity and differentiation.
  
• Secrets to adapting swiftly to evolving trends and efficaciously managing overhead costs for a commercial space.
  

Victoria Jessup is a renowned hero in the real estate entrepreneurship space, excelling in short-term rental operations. Her innovative outlook and tenacity helped her navigate economic uncertainties with resilience, solidifying her prowess in transitional real estate. It all started 12 years ago when she and her husband embarked on property investing, transforming an Airstream into a rental asset and showcasing her ingenuity in converting unique spaces into thriving short-term rental businesses.

Her journey evolved into a successful venture in Airstream rentals as she turned challenges into opportunities, adapting to economic shifts and exploring new frontiers in real estate. Her passion for restoration and customization, combined with a hunger for adventure, breathed new life into overlooked Airstreams, making her a beacon of innovation in the short-term rental realm and a compelling example of dynamic real estate success.

Key Moments in this Episode:

00:00:00 – Introduction,

00:01:08 – Tip of the Week,

00:01:51 – Getting Started in Real Estate,

00:05:03 – Why Airstreams,

00:07:44 – Purchase and Renovation Costs,

00:10:14 – Rental Income,

00:13:49 – Unique Property Concepts,

00:14:23 – Challenges and Advice,

00:15:13 – Transitioning to Commercial Lease,

00:16:30 – Marketing and Staying Ahead,

00:20:00 – Expanding and Future Plans,

00:27:13 – Introducing Midterm Rental Properties,

00:28:00 – Favorite Real Estate Investing Book,

00:28:20 – Favorite Podcast,

00:28:42 – What Victoria Does for Fun,

00:29:34 – Starting Over with $50,000,

This episode has been brought to you in part by:

• Dalia Barsoum, Streetwise Mortgages – https://streetwisemortgages.com
  
• Mid Term Rentals – https://midtermrentalproperties.com
  
• Wyse Construction – https://www.wyseconstruction.ca
  
• US Properties – https://www.usproperties.ca
  
• Andrew Choubeta – https://caveatlegalservices.cliogrow.com/book
  
• Inspire Beach Resort – https://inspirebeachresort.com
  
• Jamil Rahemtula – https://jamilrahemtula.com
  

Do you need help or ideas for your own real estate investing business? Reach out and let us support your journey www.sarahlarbi.com or email sarah@sarahlarbi.com

Join Sarah’s coaching and mentoring program, The REI Academy https://sarahlarbi.com/reiacademy/

The post From Airstreams to Commercial STR’s: Mastering the Art of Adapting first appeared on Sarah Larbi Developments.