Episode 242 - Michael Sjogren┃"I'd rather lose a good deal than buy a bad deal.
In this episode of the Vacation Rental Revolution podcast, host Shawn Moore interviews @strsecret a successful short-term rental investor and coach. Michael shares his inspiring backstory, detailing how a life-altering event with his son motivated him to pursue financial freedom through real estate. He discusses the importance of clarity in goals, the challenges of co-hosting, and the necessity of treating it as a business rather than a job. The conversation emphasizes the need for systems, processes, and a strong team to achieve success in the competitive short-term rental market. In this conversation, Shawn Moore and Michael Sjogren delve into the intricacies of short-term rentals, co-hosting, and the boutique hotel market. They discuss strategic investment approaches, the differences between co-hosting and property management, and the potential of commercial properties for wealth building. The conversation emphasizes the importance of understanding market dynamics, avoiding bad deals, and the value of mentorship in navigating the real estate landscape.If you would like to learn more about Vodyssey or submit a question for us to answer on an upcoming episode send us an email at:support@vodyssey.com Get In Contact With Michael:https://www.strsecrets.com/https://www.instagram.com/mike.sjogren/?hl=en @strsecret https://www.linkedin.com/in/mikesjogren/https://www.facebook.com/mikesjogrenofficial/JOIN HIS WEBINAR:https://hotels.strsecrets.com/boutique-hotel-webinar-registrationFollow Us:https://www.instagram.com/vodysseyshawnmoorehttps://www.facebook.com/vodysseyshawnmoore/https://www.linkedin.com/company/str-financial-freedomhttps://www.tiktok.com/@UCSOqHabG-uj_8Sq3r8QgoEgChapters00:00:00 Intro00:00:30 The Show Begins 00:01:51 The Life-Changing Event00:07:12 Turning Adversity into Opportunity00:14:44 Understanding Co-Hosting as a Business00:21:17 Strategic Investment in Short-Term Rentals00:23:33 Understanding Co-Hosting vs Property Management00:26:36 Navigating the Boutique Hotel Landscape00:32:58 The Value of Commercial Properties00:40:04 Avoiding Bad Deals in Real Estate00:41:23 Wrap Up