Investing in Michigan and Prioritizing Hospitality Over Everything Else

Welcome to another episode featuring  first-time guest Carrie, an Airbnb investor with ties to Traverse City, Michigan. 🎙️

Raised in this town, Carrie's journey into property investment started around 2014, after her return with her family. With a corporate marketing background, her husband's suggestion marked the beginning of her exploration of property investment.

In this episode, we explore various facets of Carrie's property investment journey. We'll delve into her journey as an investor, discussing the challenges of being an Airbnb host and hearing an intriguing Airbnb story. We'll also learn about investing in Michigan, local markets, and hospitality projects. Discover the importance of design and comfort in property development, the challenges and rewards of starting a business in the hospitality industry, and the value of mentorship in building a successful business. Gain insights into Traverse City's vision for Michigan's hotel industry and the keys to Carrie's property investment ventures.

This episode offers a diverse range of insights and experiences, providing a unique opportunity to hear from Carrie as a guest on a podcast for the very first time. Join us for an informative exploration of property investment and the world of Airbnb hosting! 🏡🎤🌟


TIMESTAMPS:
01:18 - Guest Intro: Carrie
02:30 - Carrie's journey as an investor
05:00 - The Challenges of Being an Airbnb Host
06:19 - Airbnb Horror story
10:00 - Investing in Michigan: Emily's Story
15:00 - Investing in local markets
20:02 - Investing in hospitality projects
25:01 - Design and Comfort in Property Design
30:01 - Starting a business in hospitality industry
35:00 - Supporting Employees in Business
40:02 - Building a Business with a Mentor
45:00 - Traverse City's vision for Michigan hotels
50:00 - Carrie and her successful business
50:13 - Closing

Quotes:
14:57
“ Maybe there is a risk that it doesn't work out but we're going to have fun with it and it's going to be a cool project”

20:12
"Part of this thing to go forward so much is you've got to get enjoyment out of it"

Connect with the KarWells
Website: https://thekarwells.space/stay-with-us-2
YouTube: https://www.youtube.com/@thekarwells/about
Instagram: https://www.instagram.com/thekarwells/
TikTok: https://www.tiktok.com/@thekarwells

Connect with Carrie:
Instagram: https://www.instagram.com/carrie.drier/
Website: https://www.rnr-hospitality.com/
Facebook: https://www.facebook.com/roostnorthrentals
RnR Instagram: https://www.instagram.com/rnrhospitality

Hosted by Emily Karnaz & Sarah Glidewell // The KarWells

You can view the video & audio version on our Youtube Channel

Thanks for listening!