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How This Ex Firefighter Built an STR and Hospitality Business | Michael Porche E53

How This Ex Firefighter Built an STR and Hospitality Business | Michael Porche E53

FromThe Rich Somers Report


How This Ex Firefighter Built an STR and Hospitality Business | Michael Porche E53

FromThe Rich Somers Report

ratings:
Length:
34 minutes
Released:
Jun 1, 2023
Format:
Podcast episode

Description

In today’s episode, Rich sits down for an interview with Michael Porche – former firefighter turned real estate investor and owner of a thriving short-term rental business. Michael is in San Diego preparing for his first live event, STR Legacies Live, from June 2-4 in which Rich will be speaking on Boutique Hotels. They discuss Michael’s difficult transition from being a firefighter into the real estate investing world, the growth of his short-term rental business & portfolio, and the excitement around hosting his live event. They dive into the recent acquisition of Michael’s first boutique hotel, the importance of “failing fast” and learning from those failures, and the most rewarding aspect of being an entrepreneur. Michael touches on his anticipations and plans for the upcoming year, and the concept of “your network is your network”. He also gives some valuable advice on surrounding yourself with like-minded individuals in the industry. --Connect with Rich on Instagram: @rich_somersInterested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more. Interested in joining our Boutique Hotel Mastermind? Visit www.somerscapital.com/mastermind to book a free call. Interested in STR/Boutique Hotel Management? Visit www.excelsiorstays.com/management to book a free call.
Released:
Jun 1, 2023
Format:
Podcast episode

Titles in the series (100)

Join host Rich Somers, as he interviews top real estate investors, entrepreneurs, and athletes from all over the world to discuss all things real estate, business, and wealth related. His first guests include Tarek El Moussa - real estate investor & TV personality, and Cliff Avril - former Seattle Seahawks player & Super Bowl XLVIII Champion. Rich is an active real estate investor and entrepreneur holding a portfolio of apartment buildings, boutique hotels, and short-term rentals valued in excess of $50M. He was an air traffic controller for the government for 11 years, and cashed out his 401k to get his start in real estate investing. Connect with Rich on Instagram: @rich_somers