Description
Kenny identifies the biggest trap for short-term rental hosts: not tracking future earnings and pacing. Kenny explains how hosts often get caught up in the high season's success and fail to prepare for the fall and shoulder seasons. He discusses how understanding key KPI metrics and being proactive, rather than reactionary, can help hosts maintain profitability. Kenny emphasizes the importance of data analytics, including understanding past trends, adjusting pricing strategies, and leveraging amenities in changing seasons. The episode also teases a future discussion with a professional co-host managing over 30 properties, who will share strategies for handling seasonality in highly seasonal markets.
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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