In Episode Three, Paul and Chris take a look at some of the biggest myths versus realities in the vacation rental industry. They talk through how the industry has shifted over the years from a hobbyist side gig into a competitive, professionalized market where standing out requires true hospitality, well-run operations, and a long-term mindset.

Drawing on Paul’s experience running Shenrent with his wife, along with years of watching thousands of OwnerRez users grow, they share what new owners often misunderstand, why a genuine interest in hospitality matters more than most people expect, and how having the right systems in place plays a major role in long-term success.

You’ll hear about:

• Some of the biggest myths in vacation rentals versus the day-to-day reality
• Which early STR “cheat codes” went away as the industry became more professionalized
• The difference a hospitality mindset makes when running a vacation rental
• Lessons from running Shenrent and how OwnerRez continues to be shaped through personal experience
• Why saying no early, buying the right properties, and understanding the true costs matter
• How having the right systems in place makes all the difference
• The balance between caring deeply for your property and giving guests space
• What mindset makes a vacation rental owner a good long-term partner

It is an honest conversation about expectations versus reality, and the hard-earned lessons that separate operators who build something sustainable from those who burn out or become frustrated along the way.