The Bold Business Move That DOUBLED His STR Business Overnight

Welcome to today’s episode, where we’re diving deep into the world of scaling a short-term rental business. I'm really excited to introduce our guest, Eric Lewis, the founder and owner of Nashville Stays. Eric’s story is one that’s sure to inspire anyone in the vacation rental industry. He started with just one property and grew his portfolio by leaps and bounds, eventually making the bold move to acquire an entire rental management company.

In this episode, we’ll explore how Eric built his business in the highly competitive Nashville market, the challenges he faced while scaling, and the strategies he used to maintain a high standard of service for both guests and homeowners. Whether you’re just starting out or looking to grow your own rental business, you won’t want to miss Eric’s insights and practical advice. Let’s jump in!"

Things we discussed in this episode:

Scaling a short-term rental business beyond a single property
Eric Lewis' journey from managing one property to acquiring a multi-property company
The strategic benefits of acquiring another short-term rental management company
The process of networking and identifying potential acquisition targets
Navigating the legal and structural aspects of the acquisition deal
Strategies for retaining and building loyalty with the acquired clients/homeowners
Eric's transition from a side hustle to a full-time short-term rental entrepreneur
The importance of continuous education and peer support in building confidence
Challenges of balancing a full-time job with running a growing short-term rental business
Eric's plans for solidifying processes, building a strong team, and focusing on future acquisitions