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Guest

Isaac French

Hospitality entrepreneur who built and sold the Live Oak Lake cabin resort; writes on design and hospitality.

1× guest · 7 transcript mentions
Mentions over time
7 total · by year · from the transcripts
’19’20’21’222’23’241’25’2613
13
receipts
1
numbers
1
episodes
1
guest
By type
13
  • Idea4 · 31%
  • Take3 · 23%
  • Story2 · 15%
  • Framework2 · 15%
  • Number1 · 8%
  • Resource1 · 8%
By speaker
13
  • Guest13 · 100%
By topic
25
  • Real Estate12 · 48%
  • Side Hustles5 · 20%
  • Marketing / Growth5 · 20%
  • Investing2 · 8%
  • Acquisitions / M&A1 · 4%

Guest appearances

1 episodes
#631How I Went From Broke to $7 Million With An Airbnb BusinessSep 20, 2024

Key numbers

1 figure

In the moments

13 linked receipts
Story

Broke 24-year-old locks up land with $2K and pure conviction

Isaac French, a 24-year-old bookkeeper with $19,000 to his name, found a 5-acre property on Zillow he'd driven past 100 times, got goosebumps walking it, and put it under contract to build Live Oak Lake — his vision of a cohesively designed village of tiny homes in Texas.

I had $19,000 of savings to my name. Again, 24, was not bankable by any standards. Had experience in construction. So my dad was a plumber, general contractor. I grew up with that experience. I've always been an artist. I've always loved design.
EP 631 · 2:21 · ISAAC FRENCH
Read at 2:21
mfmindex.com№ 0631-141
Framework

Why direct bookings beat Airbnb: keep 15%, own the customer

Isaac's case for direct bookings over OTAs like Airbnb: you save the ~15% platform fee, you capture the guest's email to retarget, you can never be deplatformed, and Instagram-sourced guests are more aspirational and don't price-shop.

So here's the deal about direct bookings. The OTA, which is like an online travel agency. So Airbnb, their fees are like roughly 15%. So if you can capture the customer direct, you make 15% of margin. You get the customer's email so you can retarget them. You can't ever be deplatformed and you're reaching a more aspirational guest because they're booking from Instagram, not Airbnb. So they're not price shopping.

Steal thisDrive bookings to your own site so you keep the 15% OTA fee, own the email, and can't be deplatformed.

EP 631 · 4:24 · ISAAC FRENCH
Read at 4:24
mfmindex.com№ 0631-264
Framework

Why direct bookings beat Airbnb: keep 15%, own the customer

Isaac's case for direct bookings over OTAs like Airbnb: you save the ~15% platform fee, you capture the guest's email to retarget, you can never be deplatformed, and Instagram-sourced guests are more aspirational and don't price-shop.

So here's the deal about direct bookings. The OTA, which is like an online travel agency. So Airbnb, their fees are like roughly 15%. So if you can capture the customer direct, you make 15% of margin. You get the customer's email so you can retarget them. You can't ever be deplatformed and you're reaching a more aspirational guest because they're booking from Instagram, not Airbnb. So they're not price shopping.

Steal thisDrive bookings to your own site so you keep the 15% OTA fee, own the email, and can't be deplatformed.

EP 631 · 4:24 · ISAAC FRENCH
Read at 4:24
mfmindex.com№ 0631-264
Number

Sold 7 cabins in the Texas woods for $7M in 2.5 years

Isaac sold Live Oak Lake — seven cabins — for $7 million just two and a half years after starting construction, roughly $1 million per key.

$7M
Sale price of business · USD
2 and a half years in, we sold for $7 million.
EP 631 · 10:00 · ISAAC FRENCH
Read at 10:00
mfmindex.com№ 0631-600
Take

Every material thing should have a price tag

Against advice that Live Oak Lake was 'lightning in a bottle' he should never sell, Isaac's philosophy is that everything material should be sellable — he'd learned enough to redo it better, and a full deal lifecycle helps him raise money later.

My philosophy is that every material thing should have a price tag. This was super controversial. A lot of people that saw the success were like, you should never sell this, this is lightning in a bottle. But I was like, no, I've learned so much from this process that I could theoretically redo everything way better.
EP 631 · 12:11 · ISAAC FRENCH
Read at 12:11
mfmindex.com№ 0631-731
Take

Every material thing should have a price tag

Against advice that Live Oak Lake was 'lightning in a bottle' he should never sell, Isaac's philosophy is that everything material should be sellable — he'd learned enough to redo it better, and a full deal lifecycle helps him raise money later.

My philosophy is that every material thing should have a price tag. This was super controversial. A lot of people that saw the success were like, you should never sell this, this is lightning in a bottle. But I was like, no, I've learned so much from this process that I could theoretically redo everything way better.
EP 631 · 12:11 · ISAAC FRENCH
Read at 12:11
mfmindex.com№ 0631-731
Idea

Rent out houseboats to dodge short-term-rental regulation

Isaac's friend Brian built a $200,000 houseboat (Flohom) that rents like a mini-yacht. Because it's on the water, it dodges the zoning and short-term-rental regulations that constrain land properties, letting him operate in prime harbor locations (Baltimore, Annapolis, DC) with 360-degree views and zero competition.

So the cool thing about houseboats is you don't fall typically into the same regulations as STR, as short-term rentals, because you're on the water. So he gets to be in like these prime locations in like, you know, Baltimore Harbor or Annapolis or Washington, wherever. And you get 360-degree harbor views. You're sometimes in hotels, sometimes not even in any zoning at all. And there's zero competition.

Steal thisBuild a design-forward houseboat rental in a prime harbor to sidestep short-term-rental zoning rules entirely.

EP 631 · 20:38 · ISAAC FRENCH
Read at 20:38
mfmindex.com№ 0631-1238
Idea

Rent out houseboats to dodge short-term-rental regulation

Isaac's friend Brian built a $200,000 houseboat (Flohom) that rents like a mini-yacht. Because it's on the water, it dodges the zoning and short-term-rental regulations that constrain land properties, letting him operate in prime harbor locations (Baltimore, Annapolis, DC) with 360-degree views and zero competition.

So the cool thing about houseboats is you don't fall typically into the same regulations as STR, as short-term rentals, because you're on the water. So he gets to be in like these prime locations in like, you know, Baltimore Harbor or Annapolis or Washington, wherever. And you get 360-degree harbor views. You're sometimes in hotels, sometimes not even in any zoning at all. And there's zero competition.

Steal thisBuild a design-forward houseboat rental in a prime harbor to sidestep short-term-rental zoning rules entirely.

EP 631 · 20:38 · ISAAC FRENCH
Read at 20:38
mfmindex.com№ 0631-1238
Idea

Rent out houseboats to dodge short-term-rental regulation

Isaac's friend Brian built a $200,000 houseboat (Flohom) that rents like a mini-yacht. Because it's on the water, it dodges the zoning and short-term-rental regulations that constrain land properties, letting him operate in prime harbor locations (Baltimore, Annapolis, DC) with 360-degree views and zero competition.

So the cool thing about houseboats is you don't fall typically into the same regulations as STR, as short-term rentals, because you're on the water. So he gets to be in like these prime locations in like, you know, Baltimore Harbor or Annapolis or Washington, wherever. And you get 360-degree harbor views. You're sometimes in hotels, sometimes not even in any zoning at all. And there's zero competition.

Steal thisBuild a design-forward houseboat rental in a prime harbor to sidestep short-term-rental zoning rules entirely.

EP 631 · 20:38 · ISAAC FRENCH
Read at 20:38
mfmindex.com№ 0631-1238
Idea

Rent out houseboats to dodge short-term-rental regulation

Isaac's friend Brian built a $200,000 houseboat (Flohom) that rents like a mini-yacht. Because it's on the water, it dodges the zoning and short-term-rental regulations that constrain land properties, letting him operate in prime harbor locations (Baltimore, Annapolis, DC) with 360-degree views and zero competition.

So the cool thing about houseboats is you don't fall typically into the same regulations as STR, as short-term rentals, because you're on the water. So he gets to be in like these prime locations in like, you know, Baltimore Harbor or Annapolis or Washington, wherever. And you get 360-degree harbor views. You're sometimes in hotels, sometimes not even in any zoning at all. And there's zero competition.

Steal thisBuild a design-forward houseboat rental in a prime harbor to sidestep short-term-rental zoning rules entirely.

EP 631 · 20:38 · ISAAC FRENCH
Read at 20:38
mfmindex.com№ 0631-1238
Take

Design is the number-one lever for how guests feel

Isaac argues design is the biggest lever you can pull because hospitality is about emotional connection, and many operators fail by scaling too fast — dumping money into ads and hires before they have a story. He cites Hans Lorite, who hit 550K followers breaking down interior design in short-form videos.

But design is the biggest lever you can pull in controlling how people feel. And going back to that vibe and that feeling that you're creating, hospitality is all about emotional connections with people, with your guests. And you're in a business that's notoriously difficult to operate. So you live or die based off of every single guest interaction.
EP 631 · 28:44 · ISAAC FRENCH
Read at 28:44
mfmindex.com№ 0631-1724
Story

An 8-hour thread, a cat-bait hook, and 20M views in a day

Isaac spent 8 hours writing a thread about his dad's restored $2K train car, putting 60% of effort into the hook. A deliberately provocative 'rotting cat-infested wreck' line drew cat-lover backlash that poured jet fuel on it — reposts from Brian Chesky, Joe Gebbia, and Paul Graham, 20M views in a day, and press coverage from New York Post, Vice, Business Insider, and more.

So I knew that I was probably being a little controversial when I said that. I had no idea just how controversial this would be. I said, but after investing $147K and 5 months of work, we redeemed it. Today, it's one of the most profitable and exclusive stays in the country. Here's what happened.

Steal thisSpend the majority of your effort on the hook and visual, and plant one mildly controversial detail to recruit a hate-army that boosts reach.

EP 631 · 36:49 · ISAAC FRENCH
Read at 36:49
mfmindex.com№ 0631-2209
Resource

Read 'Unreasonable Hospitality' to win at guest experience

Asked his single best hospitality tip, Isaac recommends Unreasonable Hospitality and says the key is wanting to serve others through small, surprising touches like a handwritten note that delight people.

read Unreasonable Hospitality if you haven't already, but basically look for those little ways, like I described with the handwritten note, that are surprising. They're small, but they delight people.
EP 631 · 53:02 · ISAAC FRENCH
Read at 53:02
mfmindex.com№ 0631-3182