EP 159: Top Tips to Transform Your Wealth Through Profitable Vacation Rentals with Drew Pierce
Manage episode 432723636 series 3579848
The Co-Founder and CEO of Sage Vacations, Drew Pierce, shares his extensive knowledge and hands-on experience in the short-term vacation rental market, revealing the strategies and tools he uses to identify profitable markets and manage properties remotely. He delves into his latest project, a glamping resort in the Smoky Mountains, explaining the challenges and opportunities in this unique venture.
Drew's practical advice and detailed breakdown of his business model offer valuable insights for anyone interested in vacation rentals. Don't miss this episode to learn how to turn your commissions into cash flow with short-term rentals!
Key takeaways to listen to:
- The importance of thorough market research in identifying profitable vacation rental locations.
- Key tools and systems for managing vacation rentals remotely, including property management software and dynamic pricing tools.
- The potential and profitability of investing in glamping resorts within national parks.
- Challenges that come with investing in vacation rentals, how to navigate local government regulations, and the importance of assembling a skilled team to overcome these hurdles.
- Benefits of creating unique and attractive rental properties to stand out in a competitive market.
About Drew Pierce
Drew Pierce is the Co-Founder and CEO of Sage Vacations, the only full-service vacation rental investment and management firm that partners with investors to start, manage, and grow their vacation rental portfolios.
For most of his life, Drew preferred vacationing at short-term vacation rentals - a place that feels like a home away from home. His “eureka” moment came after one wonderful weekend spent with friends and family, inspiring him to join the market and create an equally wonderful guest experience. With limited funds, he began pitching potential investors on a joint-venture deal, leading to the birth of Sage Vacations.
Connect with Drew Pierce:
- LinkedIn - https://www.linkedin.com/in/drewkpierce/
- Website - https://sagevacations.net/
- Email - drew@sagevacations.net
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