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In this episode, hosts Emanuele Pani and Mike Riley sit down with Brian Hatcher, and Kyle and Allie Fugatt, delve into the lucrative niche of short term rentals (STRs) and their journey in real estate investing without relying on traditional methods. They discuss the unique approach of rental arbitrage through short term rentals, highlighting the potential for outsized returns and the rapid income growth it offers. The conversation covers the operation of boutique hotels and micro-resorts, emphasizing the importance of community building, both locally through STR meetups and globally, across various locations including the US, Hawaii, Fiji, Canada, Mexico, and the Caribbean. The episode also touches on the significance of mindset in overcoming challenges, the value of integrating family into the business for work-life balance, and the strategic benefits of creating a strong local network through meetups for knowledge sharing and industry collaboration.\n\nGuests' Bio:\nKyle and Allie Fugatt are experienced entrepreneurs and investors with backgrounds in syndications, capital raising, short-term rentals, boutique hotels, consulting, and coaching. They are the owners of Cherokee Rose Homes, a property management company in Blue Ridge, Georgia, and The Mallard Hotel in Copperhill, TN. Brian Hatcher is a seasoned entrepreneur, investor & consultant with a diverse background in accounting, finance, and data & analytics. He is the founder of Elite Escapes, a short-term rental travel company that partners with resorts across the globe. Kyle, Allie, and Brian are all co-founders of The STRategic Investors, a short-term rental meetup company designed to educate current & future hosts as well as elevate the overall quality & standards of the short-term rental industry by offering operators a \u201cmeetup in a box\u201d foundation to help them ensure a successful meetup from day one.\n\nConnect with the Guests:\nwww.thestrategicinvestors.com\n\n00:00 Unlocking Financial Freedom with Short Term Rentals\n00:49 Meet the Hosts: Insights and Experiences\n01:11 The Power of Mindset in Overcoming Challenges\n01:48 Behind the Scenes: The First Three-Person Show\n02:06 Expanding the Short Term Rental Community Through Meetups\n04:36 The Journey of Launching a Boutique Hotel\n08:02 Strategic Decisions in Hotel Management and Design\n16:13 Exploring Resort Partnerships and Timeshare Opportunities\n21:21 Exploring Global Property Management and Personal Adventures\n22:16 The Evolution from Property Management to Developing Micro Resorts\n24:33 Launching a Nationwide Meetup for Short-Term Rental Enthusiasts\n25:11 The Strategic Investor Meetup: Building a Community and Sharing Knowledge\n26:20 Meetup Requirements and Benefits: Fostering a Supportive Community\n27:23 Expanding the Meetup Network and Future Plans\n36:21 Cultivating Work-Life Balance and Integrating Family into Business\n43:44 Final Thoughts and Encouragement for Joining the STR Community\n\nConnect with the Hosts\nMichael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedin\nhttps://linktr.ee/mikesjogren\nEmanuele Pani: Clubhouse | Instagram | Facebook | Linkedin\n\nWatch Mike's free masterclass training on www.strsecrets.com/masterclass\nLearn more about your ad choices. Visit megaphone.fm/adchoices