They passed on most deals—and still raised $5.5M.

Michael ChangApr 3, 20250m 42s160 viewsScore 75
Growth & Marketing
intermediate
Multiple Properties
Investors
Profitability
Market Research
M

Summary

AI-generated

The Karwells have raised $5.5M in funding for their STR business. They are selective about which deals they take on, focusing on those with enough 'meat on the bones' to split profits, aligning with their lifestyle, and minimizing potential headaches.

Key insights

  • Focusing on deals that have enough profit potential for multiple parties (investors) ensures everyone is incentivized and the deal is worthwhile.

Mistakes to avoid

  • Avoid deals with potential headaches on the backend. Focus on deals that are viable, worth it, and profitable.

Tools & resources

  • Michael Changwebsite

    Michael Chang's YouTube channel for Short-Term Rental hosting tips and advice.

Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial