Episode Details

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From one duplex to 40+ short-term rentals and a hotel that pays for his whole life — Alex Steeg proves you don't need a real estate background to build real wealth.

In this episode, Mike and Mike sits down with Alex Steeg, co-founder of Shore Way Management. Alex and his wife Rachel started in 2018 with one property, zero experience, and a simple plan to "buy a duplex a year." A random Craigslist job post pulled them into the short-term rental world. Just 10 months later, Alex quit his day job for good.

Fast forward to today: they manage 40+ short-term rentals and own a 10-room hotel. Alex runs the hotel in just two hours a week, and the profits alone cover all of his family's living expenses.

In this conversation, we cover:

• How Rachel landed 2-3 clients in her first week using simple cold outreach
• The mental shift that made them hire their first VA (and why they waited too long)
• Taking a hotel from losing $70K a year to making huge profits
• The true differences between managing short-term rentals versus a hotel
• Why hotels build wealth while rentals build cash flow (and the simple math behind it)
• Growing revenue by 40% in a year without adding new listings
• Building a winning team: VAs, inspectors, a concierge, and hiring family
• How referrals and a Google Business page became their top growth engines
• Alex's #1 secret to success: stewardship and working with absolute integrity

Whether you run a few short-term rentals or want to buy your first hotel, this episode gives you the exact steps to turn active income into lasting wealth.

Connect with Alex Steeg:

🌐 Website: https://shorewaymgmt.com

📧 Email: alex@shorewaymgmt.com

📸 Instagram: https://www.instagram.com/alexsteeg

🏨 Stay at the hotel: Ipswichinn.com