How Gideon Spencer Added $200K in Value with a $50 Valve
About this episode
On this week's episode of Short Term Rental Management, Luke chats with tech professional turned real estate investor Gideon Spencer. Gideon shares his journey from renovating a San Antonio fourplex with his wife to acquiring a 24-key boutique hotel in Solvang, California. He dives into why he favors short-term rentals over long-term tenants, why he hired a VA with a smaller portfolio, and details the structure of his recent $6 million hotel syndication deal. They also discuss raising capital through a 506(b), the operational turnarounds he’s implementing, and his dream of acquiring a nature-immersed landscape hotel next.
How to connect with Gideon:
@gideonspencer_
How to connect with Luke:
The Short Term Shop - https://theshorttermshop.com/
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For more information on how to get into short term rentals, read Avery’s books:
Smarter Short Term Rentals - Buy it on Amazon
Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties – Buy it on Amazon
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