Episode 51: Luxury Vacation Rentals: Building a Portfolio That Creates Memories
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About this listen
What if your biggest vacation frustration became your next business breakthrough? That's exactly what happened to Troy Evans, founder of LRVP (Luxury Residence Vacation Portfolio). After years in corporate America, Troy found himself increasingly annoyed by inconsistent vacation rentals that never matched their photos and failed to deliver the experience his family deserved.
In this captivating conversation, Troy reveals how he transformed this personal pain point into a thriving business that's disrupting the luxury vacation rental market. Rather than accepting the status quo of unreliable vacation homes, he built a portfolio of carefully selected multi-million dollar properties and a service model focused on creating unforgettable family memories.
"We're not really selling vacation space, we're selling memories," Troy explains, highlighting the emotional connection that drives his business philosophy. "When you're with your family, creating memories that literally last the rest of your life – you don't want to leave that to chance."
The genius of Troy's model lies in its dual approach: LRVP raises capital from investors to purchase luxury properties worldwide, while Oasis Vacations handles the rental management and exceptional customer experiences. Investors enjoy attractive returns (projected 30% IRR) and even complimentary vacation stays, while travelers gain access to consistent, high-quality accommodations without the $150,000 membership fees charged by exclusive destination clubs.
Beyond the business model, Troy shares profound insights about entrepreneurial success that apply across industries. He articulates the critical difference between necessary perseverance and continuing with a flawed business model, emphasizes the importance of thinking "who not how" when building a team, and reveals why wealthy customers will pay a premium for time savings and certainty.
Whether you're a real estate investor seeking new opportunities, an entrepreneur looking for inspiration, or simply someone who values exceptional travel experiences, Troy's journey from corporate employee to innovative founder offers valuable lessons and a compelling vision for the future of luxury travel.
Ready to learn how Troy is reinventing vacation rentals while generating exceptional returns? Listen now, and discover how solving your own problems might lead to your next big breakthrough.
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