How to determine the ROI from design? (Part 1)
Listen now
Description
Kenny shares detailed insights on determining the return on investment (ROI) from property design and décor. He emphasizes the impact of market-specific factors and competitive landscapes on budgeting for design improvements. Kenny outlines four key considerations for evaluating ROI, including the importance of design in your market, comparisons between properties with varying design qualities, the benefits of targeted design strategies, and the necessity of using available data to make informed decisions. He also provides rough budget guidelines based on different market competitiveness levels and bedroom counts. The episode concludes with a teaser for the next episode featuring an interview with a professional designer. https://strscalesummit.com/ Connect with Kenny on LinkedIn! Follow Kenny on IG
More Episodes
Do macro trends in the short-term rental industry really matter? In this solo episode of Cash Flow Positive, Kenny breaks down why focusing on broad industry statistics could be misleading for individual investors. With revenue per property declining across many markets, Kenny explains why...
Published 11/12/24
Ever wondered how to spot the hidden gems in the real estate market that others miss? In part 2 of this week’s series, Kenny dives deeper into his proven strategies for finding short-term rental deals that truly stand out.  With a focus on making data-driven decisions, he explains why relying...
Published 11/07/24
Published 11/07/24