He’s Turning $10M Luxury Vacation Homes Into 4x Returns. Here’s the Strategy.

From Hospitality to High Returns: How Troy Evans Is Packaging Luxury Rentals for LPs and Families

Troy’s journey began in the service industry, managing hospitality operations and leading national nonprofits focused on equity and empowerment. Along the way, he began investing in real estate — starting with flips and long-term rentals.

But his family’s own experience with short-term vacation rentals exposed a gap in the market. The homes were beautiful, but the experience was inconsistent. Bad photos, unclear expectations, and zero brand trust made every trip a gamble.

That pain point sparked an idea: what if there were a portfolio of high-end vacation homes that felt like a brand? Same level of quality. Same service. Same ease of booking.

So he launched LRVP, a short-term rental fund focused on luxury single-family properties in top destinations. It’s a platform for consistency, quality, and investor-aligned returns.

The Play: Luxury Vacation Rentals With Brand Consistency

Troy is targeting high-income families who want curated, consistent short-term rentals — the kind that feel like Park Hyatt, not a Craigslist gamble.

He’s acquiring a portfolio of 5-bedroom luxury homes in vacation markets like Florida, San Diego, Palm Springs, and the Dominican Republic. Each property will come with concierge support, premium amenities, and a guest membership model that rewards repeat visits.

His goal: deliver memorable experiences for guests while generating 4x the returns of traditional long-term rentals.

Why This Works

1. Revenue Per Night Is 4 to 5x Higher
These homes command $800 to $1,500 per night. That pricing power, paired with 60 to 70 percent occupancy, outperforms most long-term assets.

2. Luxury Guests Treat Homes Differently
Unlike tenants, these are families on vacation. They’re respectful, expectations are clear, and turnover is controlled through rigorous property management.

3. A Brand, Not Just a Booking
Airbnb is crowded and random. LRVP is building a portfolio that offers peace of mind and repeatable quality — like a vacation club, not a rental roulette.

The Risks (and How He Solves Them)

Find the White Space:
Troy underwrites these costs upfront and designs for longevity. High-end homes require premium furniture and care, but they also command higher rates.

Property Management Complexity:
Each home comes with a vetted management partner and systems built for five-star consistency. From guest arrival to departure, the process is white-glove.

Market Saturation in STR Hubs:
Rather than go where everyone is buying, Troy targets areas with supply gaps, local demand drivers, and strict STR regulation that actually limits future competition.

What You Can Learn (and Steal)

1. Find the White Space
Troy didn’t chase the trend. He found a real user problem — families wanting a better short-term rental experience — and built a fund around that pain point.

2. Make the Investment Tangible
Offering LPs perks like a free stay or early access to booking dates adds utility and connection to the investment. The property is both an asset and an experience.

3. Branding Is a Moat
Most STR sponsors focus on margins. Troy is focused on memory. Creating a consistent brand builds trust and drives long-term loyalty with both guests and investors.

Listen to the full episode

🎙 Groundbreakers with Troy Evans

In it, we cover:

• How Troy scaled from flips to a branded STR fund

• Why short-term rentals can outperform traditional long-term models

• His vision for a vacation club with concierge-level service

• Lessons learned from hospitality and how he applies them to real estate

• What makes investors and guests both come back for more