In this episode of Living Off Rentals, we are joined by Mark Lumpkin, a real estate investor who fell in love with short-term rentals 10 years ago.

Mark has helped over 500 short-term rental investors optimize their properties—handling everything from renovations to design—and has guided many others in establishing their own successful rentals.

Listen as Mark shares his journey with short-term rentals and how this investment strategy has provided him the flexibility to pursue his passions. We also dive into his work with STR Cribs, exploring how thoughtful design choices can make rentals stand out.

Plus, we discuss why furniture, décor, and strategic renovations are essential for maximizing cash flow in the short-term rental market. Enjoy the show!

Key Takeaways:

[00:00] Introducing Mark Lumpkin and his background

[04:19] How he got into the real estate industry

[07:21] Choose a property for short-term rentals with your guest avatar

[11:37] Recommended budget for furnishings and design for your property

[14:41] What is data-driven design?

[18:16] The importance of leaning on expert experience from professional designers

[27:57] Doing quick preventive maintenance regularly

[31:14] The shift in trends for short-term rentals

[36:22] Connect with Mark Lumpkin

Guest Links

Website: https://strcribs.com/

Email: mlumpkin@strcribs.com

Show Links:

Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals

Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast

Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals

Living Off Rentals Website – https://www.livingoffrentals.com/

Living Off Rentals Instagram – instagram.com/livingoffrentals

Living Off Rentals TikTok – tiktok.com/@livingoffrentals