The Short Term Show RV Rentals and Driving Up Profits with Corinn Altomare
Corinn Altomare is the CEO and founder of Hearthfire Holdings. With a decade in the real estate market, Corinn is no stranger to the inner workings of the industry. Originally starting as a side hustle to accompany her music career, Corinn’s portfolio steadily grew and real estate became her full-time job. Working alongside her family members, she currently has a portfolio of over $30M. In addition to her experience renting homes of all sizes, Corinn has recently uncovered profitability in the self-storage RV industry.
Avery speaks with Corinn about her experience in the industry and how she got her start in multiple areas of the market. Through her experience growing a business of her own, we speak about the best techniques to use when scaling a business, as well as how to manage your company while simultaneously trying to manage important aspects of one's personal life like raising a child. Corinn speaks honestly about the value of having different personalities within your company and how different people may be suited to particular roles. We also discuss the inner workings of the RV market, how they have shifted since COVID and how RV rentals might differ from multi-family home rentals.
Key Topics
- Value of building to scale
- The benefit of assigning responsibilities based on personality
- How to enter the RV rental business
- Managing a business and raising a child
- Massive demand for RV rentals
- Impact of COVID on the RV rental market
- Average, dynamic RV rental rate
- Managing mileage threshold
- Inner workings of RV resell units
- How growing your business can be fun
- Value of building a strong network
The Short Term Shop University