Not to be outdone by the Marriots and Hiltons of the world, this 25-year-old entrepreneur took a chance on people wanting to stay in a tiny house on a lake for vacation.
Isaac French, a 25-year-old bookkeeper and contractor, co-owns and operates a “tiny hotel” in Waco, Texas, with seven tiny homes that he opened early this year.
He followed his dream of creating a series of Scandinavian style cottages on 5 acres near Waco, Texas, and offering them on Airbnb.
French said that while he’d always had an entrepreneurial spirit, working in his father’s construction business as he grew up gave him the experience he needed to execute his idea. In March 2021, he bought a 5-acre plot that would become Live Oak Lake. The seven cabins are between 550 and 650 square feet and were built in the Scandinavian architectural style.
Live Oak Lake has generated more than $500,000 in bookings since its opening and took about nine months to finish. French acted as the general contractor for the project, which included building the roads, utilities, and a man-made lake. The tiny hotel, which opened for business this January, ended up costing $2.5 million to construct — he said the price increased because of labor shortages and soaring lumber prices, as well as additions like hot tubs and a pool.
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