E184: Managing Short-Term Rentals (STR) with the Long-Short Strategy

Serial entrepreneur, Julie Gates, named her short-term rental property company “Sid Was Here” and has no problem embracing her uniqueness. She would rather be odd because that makes her a lot more memorable than just naming her company like any other real estate company in the market. In fact, Julie didn’t just stop there. Applying the long-short strategy, she found her niche in the short-term rental space: targeting startup professionals and travelers. There’s a projected 20% to 30% of millennials in the future that will never sign a lease or buy a home because they are just going to travel from place to place – and Julie has definitely made sure she has the inventory for them! Listen in as Julie talks more about how the short-term rental works, her strategy and why it’s actually a hot ticket on the market right now. Here are some power takeaways from today’s conversation: [02:10] Julie’s short-term rental journey [04:15] What her team looks like [06:22] Why long short-term rentals? [09:08] Assets that fit best in long short-term rentals [11:46] Outsourcing homes for startup professionals [13:55] Getting support from the Gobundance Women community [16:33] Her love of traveling [20:28] The power of embracing your uniqueness [26:31] Embracing people for who they are [29:14] Why Julie named her company after a squirrel [33:23] What the squirrel rescue looks like [36:15] Julie’s health goals random acts of kindness [41:04] Finding the power in not speaking up Notable quotes from the Episode: "Short-term rentals are the hot ticket on the market because you can get a bigger return." "The biggest compliment you can give a friend or someone you love or someone in your family is the gift of accepting them for who they are." Connecting with the Guest Website: www.sidwashere.com Instagram: @sidwashere912 Twitter: @sidwashere912 Email: [email protected] Facebook: hwww.facebook.com/SidWasHere Connect with our growing community: Gobundance:  https://www.gobundance.com/ Apply: https://www.gobundance.com/membership Facebook: https://www.facebook.com/gobundance LinkedIn: https://www.linkedin.com/company/gobundancegbl/ YouTube: https://www.youtube.com/user/GoBundance Twitter: https://twitter.com/GoBundance Tiktok: https://www.tiktok.com/@tribeofmillionaires Not a millionaire yet but want to be a part of our ecosystem? Check out EMERGE by GoBundance. Enroll Today! https://www.gobundance.com/emerge Interested in starting your own podcast or handing off your production to a qualified team? Email [email protected] to learn how we're making the world better, one mic at a time.