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IEP 72: Success in Short-Term Rental with Mark Lumpkin
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In this episode, I had the pleasure of sitting down with Mark Lumpkin, the ultimate "girl dad," seasoned traveler, and the chief advocate for Short-Term Rentals (STRs). Mark’s journey from a traditional hotel-goer to a trailblazer in the STR industry is nothing short of inspiring. With a background in diverse industries like cannabis, real estate, and auto sales, Mark took the leap into the world of STRs, helping set up over 500 top-performing rentals. At STR Cribs, Mark and his team handle everything from renovations to design, transforming properties into guest-ready havens.
In this episode, you will learn:
- What STR Cribs is all about and how Mark started his journey in the STR space.
- The key factors that pushed Mark to branch out on his own and pursue his passion.
- How traveling to over 30 countries and 40 states has shaped Mark’s approach to STRs.
- The cost involved in setting up a top-performing STR and what it takes to make it successful.
- The top three must-haves for creating an outstanding short-term rental experience.
- How to stand out in the competitive world of Airbnb and similar platforms.
- The importance of thoughtful design in guest satisfaction and how STR Cribs approaches this.
- Mark’s insights on negotiating win-win deals with property owners and investors.
- Emerging trends in the STR industry and how entrepreneurs can stay ahead.
- The story behind the clever and fun copy on STR Cribs’ website.
- Mark's dream project and the most effective marketing strategies he’s used in the STR space.
- Practical advice for listeners considering starting their own business.
- The most innovative entrepreneur who has influenced Mark the most and why.
Enjoyed this episode? Make sure to subscribe to the Innovative Entrepreneurs Podcast so you never miss an inspiring conversation. If you found value in today’s discussion with Mark Lumpkin, please leave us a review and share the episode with fellow entrepreneurs who could benefit from these insights. Your feedback helps us continue to bring you the stories and strategies that fuel innovation and success.
Connect with Mark Lumpkin:
- LinkedIn: https://www.linkedin.com/in/mark-lumpkin-84b173142/
- Website: https://strcribs.com/
- Email: mlumpkin@strcribs.com
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