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This is part three of our short-term rental acquisition journey — the story of how we brought Luna (the first unit of the Elysian micro-resort) to life.
If you missed the earlier parts:
We originally planned to close on November 6th, but the day was full of unexpected twists. We were in Kentucky at our other short-term rental, the Commonwealth on the Bourbon Trail, handling updates like installing a hot tub and refreshing furniture.
We had requested a virtual closing, thinking we could sign electronically. But it turned out we needed a remote closing, requiring us to sign physical documents in front of a notary. Complications kept piling up:
Despite all this, Luna was officially ours — though it was a stressful 48 hours.
We discovered the previous owners hadn’t canceled upcoming guest reservations as outlined in the contract. This created a liability risk, so we decided not to honor any future bookings. Thankfully, they canceled all reservations, giving us a clean slate.
Preparing Luna for Interior Design
We waited for Thanksgiving to spend a full week on-site for interior updates.
Luna is the first unit of the Elysian micro-resort, set on five acres in Southern Virginia.
We still have furniture to install once the floor is complete, and Luna isn’t listed live yet. Stay tuned for part four, where we’ll share the official listing and finishing touches.
Bonus: If you’re thinking about buying a short-term rental, I created a Short-Term Rental Acquisition Checklist — a step-by-step guide for analyzing properties, staying organized, and making confident investment decisions. It’s free and includes everything from pre-offer to post-closing. Check the show notes to download it!
Follow along on Instagram at @brandandmarket.co or DM me — I love connecting with fellow short-term rental enthusiasts and sharing insights.
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