Investing in Luxury Short Term Rentals with Fouad Bazzi - Episode #233

Fouad Bazzi is the Founder and CEO of Crescent Retreats, a Luxury Short Term Rental Brand. Prior to that, he was a Corporate Banker for 21 years, with the last nine years of that leading a consulting group for Community Banks. Having been a Short Term Rental guest dozens of times, Fouad combined his passion of Entrepreneurship, Real Estate Investing and Travel to launch his company in 2021. Fouad’s Mission is to promote Health, Peace, Love and Travel, and he ensures that all Crescent Retreats have an element of each of these four values. Fouad is passionate about helping others take control of their own time by way of investing in real estate. He does so through Real Estate partnerships and a mentorship program. He is also a member of three high level Masterminds and is launching his own Mastermind in Detroit to help his community leverage his learnings. In this episode, we sit down with Fouad as he shares his insights on what luxury means in the short term rental space and how he incorporated the core values of Health, Peace, Love, and Travel to make his luxury brand more personal and cater to the many different ways luxury means to different people. He also discusses the changes he underwent to get into luxury short term rentals and what to expect when entering this space. Lastly he treats us to what's next for Crescent Retreats and the exciting developments on the horizon. Tune in now and Let's Build! Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprint HIGHLIGHTS OF THE EPISODE: 13:12 Fouad talks about taking advantage of the research and development done by other thriving businesses 17:12 Fouad talks about how everybody wins in the real estate industry KEEPING IT REAL: 05:27 Health Peace Love and Travel as core values 08:46 The shift needed to build a luxury brand 11:10 What luxury means 14:54 Designing health peace love and travel 16:38 Core competency that was carried over to the short term rental industry 20:41 Strategy when raising capital and assets in focus 27:29 Key indicators of market appreciation 37:03 What to expect when getting in the luxury space 39:53 Let's talk about revenue 41:12 Exit or refinance 43:03 What to look for in partners 48:14 The best way to structure LLCs 49:58 What is next for Crescent Retreats? 53:21 How to connect with Fouad NOTABLE QUOTE (KEY LESSONS): “When you're in the luxury space, we don't have to figure anything out. There's a Four Seasons or a Ritz Carlton close by. There has to be. So Google it. Figure out how they furnish the local one.” - Fouad Bazzi CONNECTING WITH THE GUEST Instagram: https://www.instagram.com/crescentretreats/ Facebook: https://www.facebook.com/crescentretreats/ Linkedin: https://www.linkedin.com/in/fouad-bazzi-4415973/ Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprint Get coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment Hospitable Hosts book: https://amzn.to/3e4LEhE Apply for an American Express Card with this link: http://refer.amex.us/RUBENKr8et?xl=cp01&mpt=v0 #shorttermrentals #luxury #FiveStarExperience #corevalues