Episode 3: Transitioning From Investing in STRs Into Hotels
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In this episode of the Hotel Investor Playbook, Mike and Nate introduce Kassidy Warren, a former corporate executive who transformed his life by diving into the world of short-term rentals and is now purchasing boutique hotels. Kassidy began his journey in 2015, renting out a spare bedroom for $35 per night, and now oversees a $12 million property portfolio across five states. This episode covers Kassidy's evolution from house hacking to becoming a savvy investor, focusing on high-design concepts and memorable guest experiences. Discussions explore the strategic shift from investing in residential STR's to boutique hotels, leveraging properties, financial freedom, and tax-saving strategies like 1031 exchanges and cost segregation. Kassidy emphasizes mindset, fitness, and resilience in his journey, while revealing his ambitious future goals and the importance of networking. Tune in for an inspiring story filled with actionable insights on real estate investing and the pursuit of dreams.
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