In this episode of the Blue Gems Podcast, hosts interview Mark Lumpkin, the founder of STR Cribs, a licensed design and renovation company that specializes in short-term rentals. Mark discusses the company's unique approach to transforming properties into standout vacation rentals with eye-catching amenities and designs. He shares insights into the importance of original design, elevating guest experiences, and how to stay ahead in a competitive market. Mark also opens up about his career journey, personal experiences with short-term rentals, and the evolution of the hospitality industry. Listeners will learn valuable tips on how to increase ROI through thoughtful renovations and strategic market positioning.
Connect with Mark:
https://www.linkedin.com/in/mark-lumpkin-84b173142/
Let's connect!
► Blue Gems Instagram: https://www.instagram.com/bluegemsgroup/
► JB's Instagram: https://www.instagram.com/jbinvested/
► Aidan's Instagram: https://www.instagram.com/aidangroll/
► Blue Gems STR Management: https://bluegemsmgmt.co
► STR Meetup: https://bluegemsgroup.com
Timestamps:
00:00 Introduction to the Blue Gems Podcast
00:23 What is STR Cribs?
01:07 Garage Conversion Success Story
02:13 Mark's Journey into STR Renovations
03:53 Background Before STRs
05:52 Designing for Short Term Rentals
07:30 Creating Unique Guest Experiences
14:14 High ROI Amenities
17:20 Future Trends in STR Design
19:05 Addressing Market Saturation
20:32 Common Mistakes by Investors
22:45 The Importance of STR Design Strategy
28:15 How to Work with STR Cribs
33:12 Mark's Personal STR Portfolio
35:02 Final Thoughts and Contact Information
*None of this is meant to be specific investment advice, it's for entertainment purposes only.
