Ep 131 - From Cohost to (Multiple) Hotel Owner with Rich Somers

Real estate investor and entrepreneur Rich Somers holds an impressive portfolio of apartment buildings, boutique hotels, and short-term rentals valued in excess of $50 Million. By buying his first apartment by cashing out his 401K, Somers knew to be successful, he had to take risks. Today, Rich is the CEO and founder of two real estate businesses: Somers Capital and FortuneCribs. Somers Capital is a vertically integrated boutique hotel investment firm comprised of industry-leading executives. With an in-house property management company (FortuneCribs) and a direct booking platform, our firm is able to perform at levels superior to competitors. FortuneCribs is a technology & data-driven real estate investment & management firm. Our national portfolio specializes in top-tier, turnkey short-term rentals. FortuneCribs operates in Arizona, California, Florida, Indiana & Tennessee and is actively expanding across the U.S. Our podcast Is doing a survey to get to know our listeners more! Use this link to fill out the survey! www.instagram.com/rich_somers www.instagram.com/somerscapital www.instagram.com/fortunecribs www.somerscapital.com Rich Somers' podcast: The Rich Somers Report Get my free deal analyzer at www.strsecrets.com/resources Connect with the Hosts Michael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedin https://linktr.ee/the_airbnbguy Emanuele Pani: Clubhouse | Instagram | Facebook | Linkedin Watch Mike's free masterclass training on www.strsecrets.com/masterclass Learn more about your ad choices. Visit megaphone.fm/adchoices