25% YoY Growth and 1.4M Travel Points From His Mortgage: David Dodge on Building a STR Portfolio
APPLY FOR FREE REVENUE REPORT: FreewyldFoundry.com/yt David Dodge started with one beach house in Lincoln City, Oregon in 2021. Three years later his portfolio is up 25% year over year, July over July. In this episode he breaks down exactly how that happened, and shares a platform called BILT that lets real estate investors earn 1.4 million travel points per year from their mortgage payments. YOU WILL HEAR: How David went from one off-the-shelf five-bedroom to a custom-built property that sleeps 20, designed specifically to maximize STR revenue Why larger properties produce dramatically better ROI in his market and how the Ebb and Flow duplex structure unlocks occupancy beyond Lincoln City's 16-guest cap What changed when he handed revenue management to Freewyld: the risk tolerance shift that turned available summer weekends into premium bookings How BILT works and why $22,000 in monthly mortgage spend generates 739,000 points per year that transfer to 1.4 million travel points on rent day The math behind redeeming BILT points for international business class versus economy versus cash toward a down payment WE ALSO TALK ABOUT: David's next development: a custom 8-bed that sleeps 24, a yoga studio for retreat bookings, and a spa with cold plunge and sauna What an actuary background taught David about pricing and where the risk tolerance gap between self-managing and professional revenue management shows up most Why flexibility is the key to getting outsized value from travel points FAVORITE TAKEAWAY: "I like to close. I want the certainty of the property being booked. What working with Freewyld has done is just following the methodology. The demand signals are there. Keep the price higher for longer. That has been a huge difference." ABOUT GET PAID FOR YOUR PAD: The Get Paid for Your Pad podcast helps STR operators and property managers maximize revenue through better pricing, strategy, and operations. Hosted by Eric Moeller, Jasper Ribbers, and Kaye Putnam from Freewyld Foundry. CONNECT WITH US: Website: https://freewyldfoundry.com Podcast: https://freewyldfoundry.com/podcast LinkedIn: / freewyld-foundry Email: [email protected] FREEWYLD FOUNDRY SERVICES: Revenue & Pricing Management (RPM): https://freewyldfoundry.com Free Revenue Report: https://freewyldfoundry.com/yt Cashflow Mastery Course: https://freewyldfoundry.com/cashflow-...
