VRS170 – Practical Vacation Rental Investment with Michael Hamilton

Thank you Heather.

Great episode. I love learning more about the investing side of vacation rentals. I think with how fast the industry is going, its inevitable that professional minded business-people will start entering the market. Mike’s surfing business reminds me of a friend of mine who runs wavecation.com, a niche site that specializes in surfing destinations.

Wonderful info! Thank you for this.

Your welcome and thanks for taking the time to listen in. I think we may have some more interesting topics and perspective in the future!

Thanks Alex for the compliments. I have bumped into wavecation as well and I think its a great idea and business model. When we started initially we were considering something similar, we found our that our strengths were really in the real estate acquisition, operational efficiency, communication and creating an outstanding guest experience (and committing to constant improvement) so we decided to focus here.

We differ from wavecation as we own and operate our properties and also or main clients are not solely folks looking to “surf.” Sure that is an attraction – surfing is sexy! We do get folks on family trips, in town for events and festivals, special personal events and even folks renting for off season holidays. We love to host everyone but surely there is a special connection and a bit more we can offer someone who surfs. Be careful if you pick up a surfboard – it may change your life!!

Thanks for tuning Terry, would be happy to answer any questions.

Michael,

I’d love to connect via email. Mine is alex@vacationtoolbox.com.

Hi Michael,

Thank you for the offer. I will be in touch if I have any questions.

Thank you,

Terry
http://www.absoluteannamaria.com
http://www.thebeachsands.com
http://www.theislandinthesun.com
289-660-2331

Great JOB Mike. I saw this on FB/Face Book but just listened to the interview in it’s entirety. GREAT content, really nice job let’s talk again soon.

Will do now and you can see our personal website for Live Swell Beach Bungalows at http://www.live-swell.com

Thanks Gregg. You were one of the first to help me get started and its not been easy but its been worth it.

Great info Michael. Awesome that you were able to take your passions of travel and surfing and use them to help shape your business. It’s never work if you do what you love. From the interview it sounds like you are well on your way to a fun, exciting and profitable careeer in the vacation rental business.

Mike Hamilton is the “Real Deal”. I have been privileged to be Mike’s and Maria’s Realtor with their three purchases on the Outer Banks. Normally, I find myself having to educate my clients about the Real Estate buying process and rental market, but with Mike, I feel that I have learned just as much from him as he may have from me. In fact, my wife and I recently purchased our own Outer Banks rental property and I look forward to picking Mike’s brain to help me with what he has learned for my own property. Mike and Maria have Great system in place…..the properties they have purchased and renovations they have made on their homes are amazing and the rental income they have achieved shows that their system works. Looking forward to watching their business continue to grow and prosper on the OBX.

Another great episode Heather! My husband and I have looked at our purchases in a very similar way, it was great to hear the same principals from you Mike! Since we are growing and expanding here in RI, the discussion about systems was particularity interesting. I’m ordering a copy of the e-myth now. I would appreciate any other tips or suggestions!

Cool feel free to connect mike@live-swell.com – would be happy to chat.

I’m privileged to have Mikey as a good friend of mine. After listening to this podcast I’m really excited and inspired about the opportunity within vacation rentals. I’m not surprised that Mikey has such high level success within his business. His dedication to ethics and integrity as well as his attention to being transparent and upfront with what his rentals provide make booking his rentals a no brainer! Looking forward to seeing your business grow Mikey!

Thanks Michael for the kind words. We have always loved being by the beach and this was an opportunity to recreate the type of experience we love so much for guests. From your screen name my feeling is that you like the ocean and beach to! Heather and I just did a part 2 that is a bit more specific around the investing “mindset,” and technical. Its VRS178 which can be found on CottageBlogger or there is a link on my “Investor” page http://www.live-swell.com/investors and may provide some valuable insights.

[…] Hamilton is one of these. He was my guest on VRS170 when he talked about his properties in San Diego and South Carolina; how he has renovated them to […]