Episode Details
Back to EpisodesFinding the Right Property Is Just the First 10% (The Full Blueprint for a 90th Percentile STR)
Description
Most STR investors spend months finding the perfect market and the perfect property. Then they buy something "turnkey," take their own photos, skip the specialist designer, and wonder why their numbers fall flat.
In this episode, Michael and Liz break down the complete framework for turning a good property into a 90th percentile short-term rental, from design and staging to photography and dynamic pricing.
This is not about buying better. It is about executing better once you own it. Michael and Liz share the exact mistakes they made early in their own portfolio, what they changed, and why doing it right the first time creates a flywheel that compounds for years.
We break down:
Why "turnkey" is a trap and what a properly designed STR actually looks like
The difference between an STR-specific designer and a residential designer, and why it directly impacts your returns
Why we spent $5,000 on a photographer and flew him to Tennessee for 3 full days
The storefront framework: how to think about design, staging, and photography as one complete package
The guest experience details that drive 5-star reviews, from labeled light switches to welcome baskets at check-in
Dynamic pricing and revenue management: the final piece that determines what your property actually earns
The bottom line: Picking the right market and property is only the first 10%. The investors who consistently outperform are the ones who execute the design, the photography, and the operations at a level most people skip.
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