IEP 72: Success in Short-Term Rental with Mark Lumpkin

Innovative Entrepreneurs Podcast

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.

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Connect with Mark Lumpkin:

• LinkedIn: https://www.linkedin.com/in/mark-lumpkin-84b173142/
• Website: https://strcribs.com/
• Email: [e-mail]