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December 23rd, 2021

115. The Secrets of Short Term Rental Space with Michael Sjogren

  1. 115. The Secrets of Short Term Rental Space with Michael Sjogren Sujata Shyam 26:32

Title: The Secrets of Short Term Rental Space with Michael Sjogren

 

Michael is the host of the Short Term Rental Secrets Podcast and founder of the Short Term Rental Secrets Mastermind, a training and mastermind program that helps investors launch, automate and scale their short term rental portfolios. Michael and his wife Krysten founded Occupied, LLC, a national short-term rental investment and management company in 2017, as a vehicle to build passive income so they could stop trading away time from Family for a paycheck. 

 

That vision came to fruition within 18 months when their short term rental portfolio replaced their income and Krysten and Michael both left their corporate jobs. They are based out of Boston, MA and currently have a portfolio of 43 short-term rental properties across four states including 2 boutique hotels on Boston’s north shore.

 

Let’s tune in to his story!

[00:01 – 07:30] Opening Segment

  • Let’s welcome my guest for today’s show, Michael Sjogren
  • Michael is a Short-term Rental Expert
  • Michael shares how he got into the Real Estate space
  • Mike’s son was the catalyst to him pushing forward with Real Estate
  • Checkout Mike’s podcast: Short Term Rental Secrets Podcast

 

[07:31 – 24:32] Managing a Short Term Rental Business

  • Why this is working for Michael
  • Readjusting ways to attract your target market
  • Treat your business like a business
  • Tips for pitching in this day and age
  • It’s all about numbers
  • Listing hacks
  • Free property management
  • Who manages cleaners and maintenance?
  • How to start thinking like a business owner

 

[24:33 – 26:31] Closing Segment 

  • Final Words
  • Connect with my guest, Michael, in the links below

Tweetable Quotes

 

“They don’t treat this like a business. If you want to treat it like a hobby, that’s fine. But over the long term, you’re not going to do well.” – Michael Sjogren

 

“Put yourself in the seat of who you’re talking to.” – Michael Sjogren

 

“You are a marketer. You have to get people’s attention at the end of the day.” – Michael Sjogren

 

“I can control my time now. I never had that kind of ability before.” – Michael Sjogren

 ————————————————————————

 

Reach out and connect to Michael through email [email protected], and his website, www.STRsecrets.com

 

You can also connect to Mike by following his Instagram, Clubhouse, and joining his Facebook group https://www.facebook.com/groups/STRentalsecrets

WANT TO LEARN MORE?

 

Connect with me through LinkedIn

 

Or send me an email [email protected] 

 

Visit my website www.luxe-cap.com or my Youtube channel

Thanks for tuning in!  

 

If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!

Sujata Shyam Passive Income Expert

Suja Shyam is a real estate investor, underwriter, Short-Term rental operator, and Fund Manager. Since founding Luxe, her primary focus has always been helping others achieve their financial & life goals.

Suja’s desire to help people started at a young age and continued through the years as she graduated from Northwestern University, and the Carnegie Mellon Tepper School of Business.

After using her student loans to flip her first house during her MBA, she spent 4 years underwriting multifamily acquisitions for institutional buyers.

By way of bootstrapping her Short-Term Rental Business, and getting her hands dirty, Suja replaced her corporate income at the age of 33.

As a Managing Partner of Luxe Capital, Suja is responsible for acquisitions, fund management, and investor relations.

Integrity, exceptional communication, and delivering results to investors are at the core of every decision she makes.

When Suja isn't touring properties, or underwriting deals, you can find her rollerskating with her friends or exploring an unknown corner of the world.