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How to Build Your STR Business Through Fundraising

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Sinopsis

Do you dream of growing your short-term rental portfolio to tens or even hundreds of units? Yes, a successful host can invest their profits in buying additional STRs. But it doesn’t take long to run out of your own money. So, what if you could use other people’s money to purchase more vacation rentals? How does it work to fundraise capital from investors for your STR business? Daniel Kalenov is Chief Investment Officer at Diversus, a boutique private equity firm that invests in luxury hospitality and affordable housing. Since 1999, Daniel has analyzed, purchased, repositioned and managed income-producing real estate assets, and he has an MBA from Harvard Business School. On this episode of Get Paid for Your Pad, Daniel joins me to explain how his mother’s experience with the stock market inspired his interest in real estate investing and why he made the shift from single-family rentals to the STR industry. Daniel shares his best advice for hosts who want to grow their portfolio throug