Description
In today's episode of the Cashflow Positive podcast, Kenny dives into the intricacies of strategic growth and market adaptation.
You'll discover the importance of recognizing how expansion in any sector can impact both supply and demand. The episode touches on how certain decisions may seem beneficial on the surface but could create unintended consequences for those entering specific markets too aggressively.
Learn how some regions are experiencing significant shifts, with new developments pushing competition to new heights. As the landscape becomes more saturated, Kenny emphasizes the need for unique approaches that stand out and maintain relevance over time.
The episode shows how staying competitive means not only adjusting strategies but also embracing a mindset of continuous improvement in an evolving, maturing industry.
If you've enjoyed this episode of the Cashflow Positive podcast, be sure to leave a review and subscribe today!
Enjoy!
In This Episode You'll Learn:
The importance of adapting strategies to changing market conditions and economic shifts.Why the industry's growth is not as robust as the Average Daily Rate (ADR) data suggests.The value of finding a unique selling proposition (USP) or "moat" to differentiate properties from competitors.The concept of a wealth divide, where top performers in the 90th percentile outperform the average properties.And much more...
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