Growing the Portfolio: Adding Luxury Properties

Allison Craft
Oct 26, 2024
2 min read

Three months into my journey with my cohosting business, I’m thrilled to share some major updates! I recently added two incredible luxury properties to my portfolio: one in the stunning beaches of Clearwater, FL, and the other nestled in the scenic mountains of Massanutten, VA. Both locations are already proving to be fantastic additions, each offering unique experiences for guests and adding significant value to my growing business.

With these new properties, I now manage a total of six vacation rentals—and I'm excited to say I have three more in the pipeline for November and another one for December! It’s been a whirlwind, but each step of this journey continues to fuel my passion for entrepreneurship and the short-term rental industry.

Building a Business, One Property at a Time

In the few months since launching Crafty Cohost, I’ve been working daily to streamline my processes, from guest communications to maintenance and property management systems. Every new property and client helps me learn, adapt, and get better at delivering a top-notch experience for both guests and property owners.

I’m often asked how I manage all this alone, especially with my focus on luxury experiences. The truth is, it’s a mix of careful planning, constant process improvements, and a deep passion for what I do. Yes, it can be stressful! But for every late-night message or maintenance issue, there’s the reward of seeing a guest have an incredible stay or a property owner thrilled with their return on investment.

Finding New Ways to Generate Income and Share Knowledge

Beyond adding properties, I’ve also been exploring new avenues to grow. One of my latest ventures involves helping property owners manage their rentals from out of state. While it may seem counterintuitive to share my knowledge with other owners, I genuinely enjoy teaching others the ins and outs of remote property management. There’s a unique satisfaction in empowering others with the skills and confidence to succeed from afar.

This teaching and coaching approach has been something I’m excited to pursue further. So keep an eye out! You’ll soon see more content here focused on how to manage properties effectively from a distance.

Looking Forward

Every new property and project is another building block on this entrepreneurial journey. With the Clearwater and Massanutten properties now live, I'm looking forward to expanding even further, helping other owners, and continuing to grow Crafty Cohost into a comprehensive resource for short-term rental management.

Thank you for following along and supporting this journey. Here’s to the next phase of growth—and to helping even more people achieve success in short-term rentals, no matter where they are!

Checkout the Massanutten house here: Massanutten 5BR GameRoom, HotTub MiniGolf, FirePit - Houses for Rent in Massanutten, Virginia, United States - Airbnb