How Ryan Luke got started in Hospitality
14 Nov 2021 · 4 min
Ryan Luke bought furniture from IKEA, listed an apartment on Airbnb, and made £3,500 in five days. That led him to Rent to Rent, where he acquired five properties in 10 days to fill a big booking, then moved into property management when asked to fix a struggling apartment block.
Questions this episode answers
November 14, 2021.
About £3,500 ("three and a half grands").
Five properties in 10 days.
Chapters
Welcome back to the Boostly podcast. In this episode I am delving into the back office, so to speak, delving into the records and what I wanted to do is I wanted to go in and I wanted to find some of the best bits from the clubhouse rooms that we have done this year. Now you may remember that at the start of 2020, clubhouse was this new social media app that everybody was raving about and I, I was very fortunate to be a part of some fantastic rooms, 24 hour rooms where we had hosts from all over the world jump in, share their story, share their journey, share tactics and tips. And it was amazing. I got to, I got to virtually meet some amazing people and since on the back of that I have met them in person and what I wanted to do in today's episode was just go in and recap on some of those episodes. So today, today's interview is with Ryan Luke. So Ryan shared Journey on how he got started in Newcastle. He has now grown his brand to be a worldwide organization which is fantastic. He is about to embark on a franchise journey and is about to go even further filled and set up in Dubai as well as Portugal and elsewhere. But here is how he got started. Thank you so much to Reuben and V. He's a fantastic team at invested talent for putting together the graphics and trimming down the audio for this. So we're going to listen to that today. If you want to hear more then do stick around. We're going to have more episodes on this in the coming future, but for now, thank you so much. Let's now tune in to that clubhouse 24 hour room and Mr. Ryan Luke telling about his journey into the world of hospitality.
I went for a coffee with a friend. He told me he was renting out his apartment on this thing called Airbnb. Obviously I asked him a few more questions about it. Cut a long story short, I was in Ikea a few hours later and then I had a truck full of furniture and spent pretty much the night putting it all together. So took some photographs, put it on Airbnb, didn't even really know what I was going to do next and had like three and a half grands worth of bookings in five days and I guess that was the drug for me and I was hooked. So I then had a couple of other properties that were going through conveyancing and when they came to completion I just decided to run them as well. Even though they were nowhere near town in one of the rougher areas areas of Newcastle. And when I told People, I had them there, they were almost like you what? And again, bookings just kept streaming in. So I, I then just kind of kicked on from there really. And a bit like Julie, you know, you start poking around and getting requests from people and then you just decide to okay, yeah, I can do that. And yeah, I can look at that. And then I kind of fell into Rent to Rent by accident. Had a, I noticed there was a, a company kept booking through booking.com and I was like getting really annoyed that I was having to pay obviously an 18 commission. So I rang them up and more to just say can you please book with me and stop booking through booking.com and lo and behold, they needed about another 16 beds or something for eight months. So I, I went and acquired five rent to rent properties in 10 days to fulfill that booking. And, and then someone said, oh, that's Rent to Rent. So I went and googled what Rent to Rent was and sure enough, I'd sort of done it by mistake. And, and then I realized how easy it was to pick up other people's properties. So I went a bit helpful other with that. Anyone that knows me knows that when I get the bug for something, I go all in. Whether that's business, sports, fitness, family, friends, whatever it is, I'll, I'll, you know, I go all in. So that's what I did. And, and then off the back of that I got a phone call about six months later as I'd built and you know, built the portfolio using Rent to Rent, I got a phone call off a friend saying, I've got a guy who's got a block of apartments, he needs some help because the current management companies let him down. Do you do management? I was like, well, yeah. So I, you know, you're not going to turn down opportunity. I've got the systems and processes in place. I don't see why it's that any different. So, and that started my management journey.
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