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Who is FortuneCribs?
FortuneCribs is a technology & data driven real estate investment & management firm. Our national portfolio specializes in top tier, turnkey short-term rentals. FortuneCribs operates in Arizona, California, Florida, Indiana & Tennessee and is actively expanding across the U.S.
What We Do
FortuneCribs will strategically identify a property for you to acquire that meets our standards of class, service, and revenue potential. We will handle every aspect of the process from identifying the right property, the setup and design, the marketing and guest communication, the turnovers and property maintenance, ensuring your experience is truly hands off. Our goal is to provide a seamless and profitable hands-free experience for our clients while simultaneously offering an unmatched 5-star guest experience.
How it Works
Our consultation team will first ask about your investment goals. We’ll review your priorities, budget, and provide options for FortuneCribs to maximize your investment returns using our one-of-a-kind process.
A member from our acquisitions team works to identify a property that fits our outlined criteria, performs due diligence while under contract, and helps you close on your new investment property. We can also connect you with our preferred lenders who have a variety of loan products according to your specific needs.
Design & Setup
Our design team will strategically design your new investment property according to market data research. We review top performing properties in the subject market to come up with the most optimal design. Our setup includes our technology stack, professional photos, and a customized listing.
Operate & Optimize
Our operations team handles everything from 24/7 guest communications, marketing your property, pricing optimization of your listing, guest check ins & check outs, cleaning & maintenance, and accounting.
You will be able to track your property’s performance at any time through our owner’s portal, and at the end of each month you will receive an ACH payment and Profit & Loss statement.
The fortune cribs team is great! I use fortune cribs as a management company for real estate. They are responsive, honest, and reliable. They will also help find new deals for their clients, underwrite the deals and make sure that you as a customer are taken care of. I trust fortune cribs and recommend them for your real estate management,
I'm new to the STR thing and Rich, Kim, and Jennifer have made it so easy to get our place in St. Augustine up and running! From decorating the place top to bottom, getting it listed with beautiful photos, and giving the guests 5 start customer service, they have exceeded expectations thus far. We're so glad to be working with them!
We’ve partnered with the most innovative and latest technology companies in the industry to maximize marketing, streamline hosting, increase security monitor, noise-control and revenue management.
Founder & CEO
Rich is an active real estate investor and entrepreneur holding a portfolio of apartment buildings and short-term vacation rentals valued in excess of $35M. Rich also co-hosts a weekly real estate investing podcast, “The Multifamily Takeoff”, where he interviews top real estate investors and industry experts from all over the world. He also co-hosts a monthly real estate networking event in his local city of San Diego.
Most recently, Rich founded FortuneCribs as he discovered a shortage of sophisticated, performance driven operators and a growing need for an all-in-one acquisition, design, and management firm. A graduate of California State University San Marcos College of Economics, Rich is passionate and eager to leverage his network and expertise to help you maximize your returns and grow your real estate portfolio.
Director of Acquisitions
We partner with top listing companies to market our listings across the globe for maximum marketing exposure.
We believe it’s always the season for giving. For every new client, FortuneCribs will make a donation of $500 to one of the following non-profit organizations of your choice.