Sam Parr bought an Airbnb, made money, then quit because managing it frustrated him. He created the STR Crew Facebook group where owners share cash-flow numbers and blueprints, showing that a profitable business isn't worth it if it doesn't fit your strengths.
Remember how I got super into Airbnbs? I was like, this is the thing. I could do this. So I bought one and I did it and it did okay. But I was like, this sucks. I do not enjoy this. This isn't in my zone of genius. It's a pain in the ass.
And it seems on paper like a good idea. You created this Facebook group, the STR Crew, the STR Crew, Short Term Rental Crew, and people piled in and they started explaining their blueprint. They're like, yo, I own 40 Airbnbs. They make this much cash flow. Here's the pain points. Here's the plus sides. And I was like, dude, this is fascinating. Sam's doing his research again in public. And if you were wandering around the idea maze, you're like, maybe it's over here. Maybe the exit path is over here in this short-term rentals thing, and it kind of seemed like a good idea, but you ended up saying no to that.
And it was a good idea. It wasn't a good idea for me. It is a profitable thing, whatever. It was cool.
