He Was Running 6 Businesses, Managing 30 Properties, and Losing His Family | Dave Menapce
About this episode
Dave Menapace shares his journey of building and rebuilding a short-term rental management company while prioritizing family.
His wife said something to him that he'll never forget. "I would let every business burn to the ground if it meant that when it's nighttime and on weekends, we could spend it as a family." Dave Menapace didn't argue. Didn't defend himself. He sat with it. And then he changed everything. In this episode, E sits down with STR Secrets coach and Five Star Co-Host founder Dave Menapace — on his birthday — for a raw, unfiltered look at four years of building, burning down, and rebuilding a short-term rental management company the right way. Dave left corporate healthcare in April 2022 with two STRs and a vision. Four years later, he's managing 58 properties. He signed number 58 this morning. But the path there? It looked nothing like what he planned. In this episode: → The "seven streams vs. seven jobs" mistake that keeps most operators broke and burned out — and how Dave finally broke the cycle → How he started Five Star Co-Host over from scratch after realizing he'd built it wrong the first time → The $100K IRA withdrawal that gave him the team he needed to grow → Why he went from 30 properties to 58 in just 5 months — and the three obsessions that made it possible → The $80,000…
People in this episode
Host: Michael Sjogren
Guest: Dave Menapace
Topics covered
- short-term rental management
- business transformation
- work-life balance
- entrepreneurship challenges
- growth strategies
Keywords
- short-term rentals
- business growth
- family time
- entrepreneurship
- management company
Mentioned in this episode
Organizations: Five Star Co-Host, corporate healthcare
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- Why the Next Few Years Are the Best Time to Build and Sell Your STR Business
- E's Last Episode: 300 Shows, 6 Years, 5 Lessons
- From the ICU to 70 Rentals: How a Full-Time Nurse Built His Way Out with Jeremy Rosen
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