Episode #307
From 0 to 40+ Properties & a Hotel That Pays for His Life | Alex Steeg
If you want to run your STR business on autopilot by a bunch of Ai Agents then join us for a two day hands on Ai workshop on September 29-30. Register here: level.strsecrets.com/aisummit2 From one duplex to 40+ short-term rentals and a hotel that pays for his whole life — Alex Steeg proves you don't need a real estate background to build real wealth. In this episode, Mike and Mike sits down with Alex Steeg, co-founder of Shore Way Management. Alex and his wife Rachel started in 2018 with one property, zero experience, and a simple plan to "buy a duplex a year." A random Craigslist job post pulled them into the short-term rental world. Just 10 months later, Alex quit his day job for good. Fast forward to today: they manage 40+ short-term rentals and own a 10-room hotel. Alex runs the hotel in just two hours a week, and the profits alone cover all of his family's living expenses. In this conversation, we cover: How Rachel landed 2-3 clients in her first week using simple cold outreach The mental shift that made them hire their first VA (and why they waited too long) Taking a hotel from losing $70K a year to making huge profits The true differences between managing short-term rentals versus a hotel Why hotels build wealth while rentals build cash flow (and the simple math behind it) Growing revenue by 40% in a year without adding new listings Building a winning team: VAs, inspectors, a concierge, and hiring family How referrals and a Google Business page became their top growth engines Alex's #1 secret to success: stewardship and working with absolute integrity Whether you run a few short-term rentals or want to buy your first hotel, this episode gives you the exact steps to turn active income into lasting wealth. Connect with Alex Steeg: Website: https://shorewaymgmt.com Email: alex@shorewaymgmt.com Instagram: https://www.instagram.com/alexsteeg Stay at the hotel: Ipswichinn.com
