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Case Study

Jeremy in Sheboygan, WI

Jeremy wasn't new to hospitality, but stepping into STR management with his wife and sister took things to a new level. They run one of the leanest teams in our portfolio, managing high-quality Wisconsin lake homes with nearly no full-time staff. The portfolio did $759K in the twelve months before RPM onboarding; the most recent twelve months brought $1.2M, up 59%, while listings grew from 14 to 24.

Before RPM
$759K
After RPM
$1.2M
Growth
59%
Nov 2023 to Oct 2024 vs Jun 2025 to May 2026, stay-date revenue
From $759K the year before RPM to $1.2M in the most recent twelve months, up 59%
Portfolio occupancy climbed from 31% to 39% across the same comparison windows
Grew from 14 to 24 lake homes while running a lean family team with nearly no full-time staff
Verified Results

Results in Numbers

Monthly Revenue

Sheboygan Vacation Rentals monthly revenue Bar chart of monthly stay-date revenue for Sheboygan Vacation Rentals from Nov '23 to May '26, indexed to the average month before RPM onboarding. RPM starts Nov '24. The highest month reaches 4.6x the pre-RPM average. A data table follows this chart. 0x 1x 2x 3x 4x 5x RPM starts Nov '23Feb '24May '24Aug '24Nov '24Feb '25May '25Aug '25Nov '25Feb '26May '26
Monthly Revenue
MonthRevenue vs average pre-RPM month
Nov 20230.4x
Dec 20230.4x
Jan 20240.1x
Feb 20240.2x
Mar 20240.3x
Apr 20240.4x
May 20240.8x
Jun 20241.8x
Jul 20242.9x
Aug 20242.8x
Sep 20241.1x
Oct 20240.7x
Nov 20240.6x
Dec 20240.5x
Jan 20250.4x
Feb 20250.3x
Mar 20250.5x
Apr 20250.6x
May 20251.1x
Jun 20252.7x
Jul 20254.6x
Aug 20253.8x
Sep 20251.6x
Oct 20251.3x
Nov 20250.6x
Dec 20250.7x
Jan 20260.2x
Feb 20260.4x
Mar 20260.5x
Apr 20260.7x
May 20261.9x
Monthly stay-date revenue, Nov 2023 to May 2026, indexed to the average pre-RPM month (1x).

Year Over Year

Sheboygan Vacation Rentals revenue before and after RPM Bar chart comparing 12-month stay-date revenue for Sheboygan Vacation Rentals: $759K in the 12 months before RPM onboarding versus $1.2M in the 12 months after, a +59% increase. A data table follows this chart. $759K Before RPM Nov 2023 to Oct 2024 $1.2M Last 12 Months Jun 2025 to May 2026 +59%
Year Over Year
WindowRevenueOccupancy
Before RPM (Nov 2023 to Oct 2024)$759K30.8%
After RPM (Jun 2025 to May 2026)$1.2M39.2%
Comparing the 12 months before RPM onboarding (Nov 2023 to Oct 2024) with the most recent 12 months (Jun 2025 to May 2026), stay-date revenue.

From Hospitality Veteran to STR Operator

Jeremy came to STRs with a background in hospitality and a mindset forged through real-world adversity. He didn’t scale by chasing every unit. He hand-picked homes that could consistently deliver five-star experiences. But even the best-managed homes need pricing power to reach their potential.

Data-Driven Pricing Transformation

Before partnering with Freewyld Foundry, Jeremy was already using dynamic pricing tools. He signed on for Revenue and Pricing Management in late 2024 with 14 listings, and the shift to fully data-driven pricing changed the trajectory. In the twelve months before RPM, the portfolio did $759K in stay-date revenue at 31% occupancy. The most recent twelve months brought $1.2M at 39% occupancy, a 59% increase. Some of that gain came from growth: the portfolio expanded from 14 to 24 listings over the engagement, with more homes in onboarding. The rest came from a pricing system that squeezed more out of every home, all while Jeremy kept his day job and ran the business with a small, nimble team.

Smart Seasonal Strategy

Wisconsin lakefront is a brutally seasonal market, so the strategy lives and dies on the calendar. Every other week, Jeremy and his revenue manager walk the portfolio property by property, pacing each month against last year’s final numbers, picking up last-minute bookings as the booking window shrinks, and planning rate moves around the race weekends that drive demand in the Elkhart Lake market, including remarketing to past race-week guests. The peak July under this system ran nearly 60 percent ahead of the prior July, with peak-month occupancy climbing from 61 percent to 78 percent.

Asked how the numbers were looking on a spring 2026 check-in call, Jeremy kept it simple:

“Look at the numbers there. They’re excellent.”

  • Jeremy

The Results

His mindset? “You can charge anything… if you deliver.” And the portfolio delivers. The headline growth came partly from new homes, but the pricing system did the heavy lifting on the existing book too: on the 14 original properties tracked across both periods, revenue grew 31.26% on a same-store basis. From sauna-equipped luxury lake homes to ghost-hunting guests in their original cabin, they’ve built a business that wins repeat guests, glows with five-star ratings, and outpaces the competition.

“You can charge anything… if you deliver.”

  • Jeremy
Jeremy
Jeremy

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