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Episode 128: Build a 7 figure STR business using these systems with Travers Xanthos
Description
Travers Xanthos runs 30 short-term rentals in Nashville - mostly rental arbitrage - and watched his occupancy drop from 90% to under 8% in four days when COVID hit. He survived without losing money by pivoting fast: filling units with month-to-month construction workers and corporate renters, negotiating lease exit clauses tied to permit loss, and scooping up four high-quality two-bedroom units from competitors who went bankrupt. Now he's rebuilding with direct bookings using a Wi-Fi capture system that collects every guest's email when they log on, not just the person who booked.
The hosts and Travers cover cold-calling landlords to land arbitrage deals (he converts 50% now versus early struggle), buying PDF wall art on Etsy for $2.50 and printing it at UPS to create $50-looking decor for under $4, structuring pay for a property manager who started as his first cleaner, and why Nashville requires multifamily or commercial zoning for non-owner-occupied short-term rentals. Travers explains how he bought a single-family house on a multifamily lot, appraised it high enough to build two more permitted units with zero money down, and why he'd rather grow slowly with his own cash than chase investor funding and lose control.
Work with us. Interested in professional management or consulting?
Myka — Sharebnb: www.sharebnb.com
Steve — Argest Rentals: www.ArgestRentals.com
Sign up for PadSplit with Steve's link and get a free 1-on-1 PadSplit strategy call with Stevie Stacks: padsplit.com/hosts
Myka's other podcast, Entrepremarriage — building wealth without losing the marriage: youtube.com/@Entrepremarriage
All our links: linktr.ee/liveletthrive
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