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Updated 13 days ago on . Most recent reply

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Collin Hays
#2 Short-Term & Vacation Rental Discussions Contributor
  • Property Manager
  • Gatlinburg, TN
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Did anyone attend the "Short Term Rental" conference in Nashville last week?

Collin Hays
#2 Short-Term & Vacation Rental Discussions Contributor
  • Property Manager
  • Gatlinburg, TN
Posted

Friend of mine went to this and reported that the audience was full of investors who are in trouble, some of them serious trouble, coming to the convention looking for help, and being marketed heavily to by grifters promising the moon "if you sign up for my $7000 coaching program" and similar.  

The final keynote speaker apparently literally cried onstage - tears of joy - at how much money can still be made with short term rentals.

Would love to hear more firsthand on this. Perhaps my friend, a member of this forum, will chime in.  

Sounds like a ruse.

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SMOKY MOUNTAIN FALLS INC.
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Ken Boone#5 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greenville, SC
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Ken Boone#5 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greenville, SC
Replied

I just got home from the conference. That was not my takeaway at all. My wife and I went and we walked away with more knowledge, more awareness of strategies and techniques that we did not know anything about. More importantly, I walked away with several actionable items that I can take in this next week to improve my business. 

I have been in this space since 2018 but this was my first conference. I knew there would be offers for coaching from the various speakers, but quite honestly, most of the speakers had solid actionable information and the focus was not on the  "sign up for my coaching." Part of the speakers were motivational, but lots of them had real solid info, not just a hey here is a tidbit but if you sign up you will get all the info kind of thing. Like I said I have been in this space for 7 years now and I walked out with several actionable items that I can put into practice.

I know you do not use PriceLabs, but while I was there I got to sit down one on one with one of the PriceLabs guys and he sat with me for at least 30 minutes as I shared my issues with him. He was able to show me several things I can do that really drilled my properties in and explained a number of things I didn't quite understand. That 30 minutes was invaluable to me.

Beyond, that I made several good connections at this event. The reason Bill was in tears at the end of this is because he has been doing this for 4 years and this was the last one plus there were some personal reasons that he mentioned as well. That was during his farewell moment when he was closing things out. Those tears were not of joy but of sadness and had nothing to do with how much more money is out there to be made.

In fact, there were sessions speaking directly to the downturn in the market and I did not run into any investors who said they were struggling looking to find someone with a magic potion. 

The description your friend gave really blows me away as it is 180 degrees from what we experienced as well as the people we were meeting with. Of course I only met a small subset of the 1200 people that were there. 

Not to mention, I got to eat at Hattie B's while I was in town!


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