LOOKING TO START OR GROW A
SUCCESSFUL SHORT TERM RENTAL BUSINESS TO 6 OR EVEN 7 FIGURES & BEYOND...
But You're Not Sure How To Make It Happen?
Let me ask you a few questions
- Are you currently stuck in a job that you hate and drains your energy where you can't wait for Friday but dread Monday?
- Have you just recently lost your job in the downturn and are looking for a reliable way to replace your income fast?
- Have you tried starting your own business or creating an income outside of a job but failed in the past?
- Are you already a short term rental host but struggle getting your property booked and keeping your calendar full year round?
- Do you manage more than one property but are stuck and confused on how to scale your business to your desired income?
- Are you running multiple properties but work insane hours and feel like a slave to your business?
- Could you use a guide that's been where you are and can show you the ropes?
Are you currently stuck in a job that you hate and drains your energy where you can't wait for Friday but dread Monday?
Have you just recently lost your job in the downturn and are looking for a reliable way to replace your income fast?
Have you tried starting your own business or creating an income outside of a job but failed in the past?
Are you already a short term rental host but struggle getting your property booked and keeping your calendar full year round?
Do you manage more than one property but are stuck and confused on how to scale your business to your desired income?
Are you running multiple properties but work insane hours and feel like a slave to your business?
Could you use a guide that's been where you are and can show you the ropes?
Hi we're Michael & Katrina, the Founders of STR Wealth Academy.
Since we've launched our short term rental company back in Oct 2018, we have made more than $5,000,000 and are now at a point where our business generates more than $250,000/month.
However what makes our situation so interesting and unique is that we were able to accomplish this working only a few hours per day on our business and built everything from scratch doing this part time.
Being able to generate this type of income has absolutely transformed our lives and in the last 12 months alone, we've been able to travel more than we have in our entire lives.
Everything from skiing in the mountains of British Columbia, to soaking up the sun on the beaches of Honduras, taking in the breathtaking scenery of Peru, kicking back and taking it easy in Maui, and recently making the ultimate commitment - getting engaged on Catalina Island off the coast of California.
And the best part about all of this is that as long as we had a laptop, phone, and WIFI connection, we could run our business from anywhere in the world working only a couple hours per day while much of our business ran virtually on auto-pilot.
Now don't get me wrong, I don't say these things to brag in any way, because let me tell you that life wasn't always this way...
Our Story Of Struggle...
Just hearing about our results maybe you think that success came easy for us, but I can assure you this is FAR from the case.
In fact before we had even an ounce of success, Katrina and I struggled for years trying to create income outside of a traditional 9 to 5 job.
We bought and tried all the gimmicky products and money making opportunities you've probably heard about being pitched by others online.
Here's just a short list of everything we've tried in the past:
• Network Marketing • Affiliate Marketing • Writing a Book • Stock and Option Trading • Trading FOREX • Buying and selling tax liens • Real Estate Investing • Amazon FBA •
Of all the businesses we did try, we did have success with Amazon FBA and grew a business to multiple 6 figures per year in sales. And just when it felt like we were finally starting to get momentum, one day we received a phone call and the rug was about to be pulled out from under us yet again...
The Phone Call No Entrepreneur Wants To Get...
Early one morning I was awoken by a phone call from the accounting firm that was handling our business taxes. The person I spoke to informed me that our accountant we had been working with had moved on to another opportunity, but upon reviewing our file they discovered a major problem...
Our business at the time was selling products internationally and the person I was speaking with discovered that our accountant had ill-advised us on how to properly handle the tax treatment on our income from foreign sales.
Long story short, the government came knocking on our door and hit us up with a back tax bill of more than $50,000.
But here was the problem...
As this was a physical products company, nearly all of our cash was tied up in inventory and the only way we could even try to repay this was to massively slash our prices and try to liquidate our stock as quickly as possible.
While we tried everything possible to keep the business afloat, eventually this along with a few other setbacks sent our company into bankruptcy and were forced to permanently close our doors.
To make matters worse, when one of our overseas business partners found out about this news, they "helped themselves" to our corporate line of credit and promptly disappeared which left us massively in debt as we had personal guarantees to repay the loans with the bank.
To Say We Were Deflated Doesn't Even Scratch The Surface...
If we're being totally honest, we were downright miserable...
I personally fell into a depression as the stress and anxiety from everything coming crashing down was becoming just too much to deal with.
I remember one morning I got up and as I was looking at myself in the mirror, I felt like I could hardly recognize the person that was staring back at me...
Seeing the stress lines on my forehead that looked like train tracks, the drooping bags underneath my tired eyes, and feeling the effects of near insomnia as I was barely able to sleep more than a couple hours a night, I remember looking at myself and thinking, "How did I get here?"
But as painful as that experience was to go through, the pain of simply giving up on our dreams of creating a life of freedom was far more painful than anything else I could have imagined...
Given the situation we were in at the time though, we both ended up going and finding jobs to be able to keep a roof over our heads and try to keep our neck above water under the endless sea of bills that piled up underneath our recent business flop.
Just when everything else seemed hopeless, it was during this greatest moment of despair when we had our biggest breakthrough.
A Major Turning Point...
One day as I was driving home from my day job, I was listening to a podcast that had discussed short term rentals which at this point in time I had never even heard about.
Having taken other real estate training in the past, I was familiar with the idea of owning rental real estate as a vehicle to create passive income and wealth. But since our previous business recently failed, we weren't exactly flush with cash or have much in the way of credit to be able to go out and buy a bunch of rental property.
As I continued to listen, I had a major epiphany when the guest shared how to create 2-5X the amount of monthly cash flow with short term rentals without needing to actually own any property.
The moment I heard this, something resonated deep within me and I just knew this was the answer we had been looking for...
Katrina and I immediately dove into this new business venture with both feet and learned everything we possibly could to get the ball rolling.
We went out and got 2 properties in our first 30 days by convincing property owners to partner with us to use their places to operate our business. We worked evenings and weekends to get these places listed online so we could start generating income as quickly as possible.
By the end of the month we finally got both properties online and as soon as we hit publish, I can remember just how excited we were and thinking we were finally on the path to achieving the success we wanted…
And while I’d like to tell you that as soon as we launched we immediately became an “overnight success”...
The truth is we didn’t get a single inquiry or booking for the first two weeks! Yes that’s right, we didn’t make a dime!
So Picture This...
We had just signed one year leases on 2 properties and the combined rent on both doors was over $2750/month!
And we had ZERO income coming in from our business to pay for them!
You can only imagine the stress and sleepless nights we were having as my partner and I were both freaking out wondering what the heck we had gotten ourselves into.
But rather than throw in the towel and quit, we got very committed and were willing to do whatever it took to ensure we became successful.
We worked around the clock and were testing new strategies and constantly making tweaks in our business, many nights working late into the night, and still continued to believe this would work even though we had ZERO proof that it would.
Then one afternoon as we were driving to family dinner, something happened that I’ll never forget…
My Phone Went DING!
And as I looked at the screen, my eyes lit up as I couldn’t believe what I saw…
After what felt like an eternity, our first booking finally came in and we made over $400!
While that may not seem like the most exciting thing in the world, we were over the moon!
Because at that moment we knew we were on to something.
We continued to improve our craft and slowly but surely, bookings started to trickle in. A few hundred here, a couple hundred there… Nothing too crazy…
But by staying persistent, within a few months we finally started to become profitable and cash flow positive…
But rather than just spend the money and use it for our lifestyles, we decided to keep investing in our company to keep growing it. We used the money we made to add more doors to our portfolio and made it a goal to add one new listing per month.
And because we made it a goal, that’s exactly what ended up happening…
After a lot of trial and error, figuring out what works and what doesn’t work, we began to crack the code and...
Our Income From Our Business Started To Surge…
Within our first 12 months, we grew our portfolio to over 12 units and our business has been expanding ever since to the point now where our business does in excess of $250,000/month…
Finally at this point, we began to enjoy some of the fruits of our labor and started to travel more than we ever have in our entire lives...
Now a funny thing started to happen as people started noticing how our lifestyle had began to change.
People started asking us, “What do you two do exactly?”
We would simply respond by saying something like...
“We run a short term rental business using properties we don’t own by partnering with landlords, then list their properties online, outsource nearly all the work, and now make over seven figures doing it part time.”
People would then ask us, “Can you show me how to do the same thing?”
Since we already knew what worked and what didn’t work…
We gave people the short cuts to fast track their success and the results they got were simply unbelievable…
But Don't Just Take Our Word For It...
Hear Directly From Some Our Students Results Who Either Started From Scratch Or Took Their Existing Short Term Rental Business To The Next Level From Being Coached Directly By Us...
Acheived financial freedom
before 30 years old!
Josh & Paige Edmonton, Alberta, Canada
Made $4000 in 24 hours after just 1
coaching call!
Jesse L. Columbus, Ohio, USA
Secured deal on 10 bedroom Victorian
house with ease after one call!
Matthew D. Asheville, North Carolina, USA
Now If You'd Like to Achieve Results Like Our Students For Yourself and Your Family, You've Come To The Right Place...
If you're reading this now, we want to tell you we've been where you are, we understand your frustrations, we know where you're stuck, and we know exactly how to help you move forward.
And despite the fact that we've likely never met, I'm willing to bet that we have something incredibly special in common...
And that is we both share the goal of attaining FREEDOM - am I right?
You're likely here because you're looking for answers to help you achieve this dream, you want to experience all that life has to offer, and you're searching for a reliable way in order to create the financial freedom that can make all this possible.
If that's the case, that means you're one of us and you're on a journey you don't have to walk alone...
Now if you're tried becoming an entrepreneur in the past, you've probably realized by now that it isn't as easy as you originally thought it may be...
We certainly found this to be true for ourselves and because we didn't know what we didn't know, we struggled for years trying to create the freedom we enjoy now.
But it doesn't have to be this way for you...
Here's the truth...
The fastest way to achieve your business and financial goals is to learn from those who’ve already completed this journey, have the results you want, and can help show you the way.
So rather than you having to take the next several years of your life and go through trial and error and the massive learning curve that we did trying to figure all this stuff out…
What if we could fast track your success, help you skip all the mistakes we made, and take you behind the curtain by showing you exactly what to do so you can have success in short term rentals in this market right now…
Introducing the STR Wealth Academy
Let me ask you a question...
What would your life be like if you could learn how to create a sustainable monthly income that isn't dependent on whether or not you got up and went to work each day?
What would happen if that side income eventually replaced your main income? What if you doubled it? Tripled it? Had so much cash flow coming in each month not only all your bills were covered, but you had the ability to live life on your own terms and not have to worry and stress about money?
What if you could do all of this by simply learning how to share other people's properties, but not have to own any real estate yourself?
And what if you could learn how to automate nearly all of the daily operations once you have it up and running so you can work only a couple hours a day and be able to run your entire business from your smart phone and be able to do this anywhere in the world?
If this sounds too good to be true, believe me, it's not...
In fact, this is what happened for us and we'd love to share with you exactly how we did it and how we've helped others do the exact same
thing.
Now the truth is you could decide to try and go this alone by:
• Figuring out how to find the right type of property to list
• Trying to convince property owners to let you use their properties for your short term rental business when they have no idea who you are and you have no track record
• Designing the space and staging the property so people actually want to book it
• Figuring out what platforms to list on to market your property so people can find your place
• Playing with your pricing so you stay booked year round regardless of seasonality
• Learning how to hire the right team so you delegate operations and not get bogged down in the daily minutia
• Researching what software and technology to use so as you scale your business you don't also scale the number of hours you're working
• Struggle to maintain a high quality experience for your guests to get those 5 star reviews
Or you could let us coach you through the entire process step-by-step using the exact methods we use to generate over $250,000/month working only a few hours a day without having all the headaches...
After hosting over 10,000 guest to date, collecting more than 2300 reviews while maintaining an average review rating of 4.9 out of 5 stars, and making more than $5,000,000 in our first 36 months, you can say we've learned a thing or two about this business and what it really takes to succeed at it.
Now as much as we'd love to be able to help everyone, the truth is there is only so much time in the day and we can only work with so many coaching students at one time.
Our team and us work with each new coaching student to give them the time, energy, and attention they deserve so we can help them achieve the goals that are most important to them.
So if you qualify for mentorship, here's what you can expect to learn from us whether you're brand new to the game of short term rentals or you're an experienced host with multiple properties under your belt:
Now the truth is you could decide to try and go this alone by:
After hosting over 10,000 guest to date, collecting more than 2300 reviews while maintaining an average review rating of 4.9 out of 5 stars, and making more than $5,000,000 in our first 36 months, you can say we've learned a thing or two about this business and what it really takes to succeed at it.
Now as much as we'd love to be able to help everyone, the truth is there is only so much time in the day and we can only work with so many coaching students at one time.
Our team and us work with each new coaching student to give them the time, energy, and attention they deserve so we can help them achieve the goals that are most important to them.
So if you qualify for mentorship, here's what you can expect to learn from us whether you're brand new to the game of short term rentals or you're an experienced host with multiple properties under your belt:
What You'll Learn From Us In STR Wealth Academy:
How to setup your business correctly right from the start so you have the proper foundation to build on to grow your income quickly
How to brand yourself so you instantly appear more credible to property owners regardless of your level of experience
How to approach, persuade, and get property owners to let you use their properties for your short term rental business and practically have them beg to work with you
How to design, setup, and stage your property to increase it's value and maximize your profits
How to optimize your listing so you rank high on the first page and convert visitors into bookings
How to properly price your property so you can keep your calendar full year round regardless of seasonality
How to create amazing 5 star experiences for your guests so they reward you with 5 star reviews and become repeat customers
How to delegate and automate your daily operations by building a team and implementing user friendly technology so you can work less as your business grows
How to manage your business' cash flow to maintain a lean cost structure and ensure you become profitable as quickly as possible
How to scale your business to multiple listings to increase your monthly cash flow and income
And much more!
Now as we previously mentioned, we can only work with so many students at any one time so you may be wondering whether or not this program is the right fit for what you're looking for.
Likewise, we don't accept every single application that comes in either so allow me to clarify exactly who this is for and who it's NOT for...
Who is this for:
Employees looking to escape their 9 to 5 jobs and want to replace and grow their monthly income
Entrepreneurs who want to learn how to create a sustainable business using a completely legitimate opportunity that is set to BOOM in the years ahead
Real estate investors who own rental property and want to learn how to dramatically increase the monthly cash flow from their investments
Existing short term rental hosts who are currently running their business but are stuck and aren't sure how to get to the next level
Who is this NOT for:
People looking for a get rich quick scheme and who aren't willing to invest the time, energy, and effort required to become successful
People seeking a "push a couple buttons" and money spews out of the computer into your bank account type of opportunity (P.S. the only people that make money at that are the people selling you the courses that claim it's possible, which it isn't)
Wannapreneurs who like to idea of becoming an entrepreneur and owning their own business, but lack the persistence and fortitude needed when the first sign of challenge or difficulty emerges
If Having The Opportunity To Be Mentored Directly By Us Sounds Appealing To You, Here's What To Do Next...
Click the
"Learn How With Our Free Short Term Rental Masterclass"
button below and watch our Free Masterclass on Starting a Short Term Rental Company.
Frequently Asked Questions
Will this work for me if I don't own any rental property?
Yes absolutely! We don't own the majority of our properties as we either rent or partner directly with the property owners we work with. Many of our students don't own a single property yet earn 5 figures per month in income. Although you may decide to invest in real estate down the road as part of a longer term wealth building strategy, it's totally not necessary to purchase any property at all in order to begin or grow yourbusiness.
What do I do if I don't have a lot of money to start my business?
While having more money to begin certainly doesn't hurt, we built our business without using any of our own money and we can show you how to do the same thing. At the end of the day it's not about the resources you have, but your resourcefulness that will determine how successful you become. If you want success badly enough, we can show you to make it happen.
Is this an "Airbnb business"?
No it's not. This is an opportunity to build your own short term rental business. Airbnb is simply a channel that can be used as part of a larger marketing plan in order to drive traffic and bookings into your properties. Relying solely on one platform to build your business is foolish and we don't advocate using only one provider.
Do these strategies work outside of the U.S and Canada?
While every market has it's own unique considerations, we believe in utilizing evergreen strategies which can be very effective if applied correctly no matter where you live in the world. If you aren't entirely sure if it'll work in your market, feel free to shoot us an email and we would be happy to have that discussion with you.
Do I need to live in a tourism area or country in order for this to work?
No absolutely not. In fact where we live our city in the winter has had days where it's the coldest place in the entire world and we still have bookings at our places (which of course makes us question at times why we live here...) Short term rentals aren't just about tourism as there are many different niches and potential clients that use the service all the time.