Episodes

  • The biggest trap with short term rentals (Part 1)

    The biggest trap with short term rentals (Part 1)
    Aug 6 2024
    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. https://strscalesummit.com/ Connect with Kenny on LinkedIn! Follow Kenny on IG
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    20 mins
  • The Top STR Markets to Invest In (Part 2)

    The Top STR Markets to Invest In (Part 2)
    Aug 1 2024
    Kenny interviews Madeline Blum, a real estate agent and short-term rental investor with properties in various markets including the Smoky Mountains, North Carolina, Bourbon Trail, and Panama City Beach. They discuss the challenges of investing in popular and emerging markets, the importance of design and property optimization, and the unique characteristics that make certain areas appealing for short-term rental investments. Madeline shares her experiences and insights on finding and managing properties, highlighting the significance of doing thorough research, understanding market dynamics, and maintaining high standards to stand out in competitive markets. https://strscalesummit.com/ Connect with Kenny on LinkedIn! Follow Kenny on IG
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    39 mins
  • The Top STR Markets to Invest In (Part 1)

    The Top STR Markets to Invest In (Part 1)
    Jul 30 2024
    Kenny discusses the pitfalls and biases of 'Top 10' short-term rental market lists, explaining why they are often unreliable. He then provides his own list, detailing his top 10 regions to invest in for STRs in 2024 while emphasizing the importance of market-specific variables like regulations, property types, and inventory. Kenny covers pros and cons of markets including Florida's Tampa area, Taos, New Mexico, the Finger Lakes in New York, and more. He concludes by highlighting the best markets for cashflow and prepares listeners for an upcoming episode featuring an investor's experience in lesser-known markets. https://strscalesummit.com/ Connect with Kenny on LinkedIn! Follow Kenny on IG
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    22 mins
  • Your biggest mistake when you scale (Part 2)

    Your biggest mistake when you scale (Part 2)
    Jul 25 2024
    Kenny talks with Margot, the CEO and co-founder of Hostfully, a leading property management software company. Kenny discusses his journey from replacing his W2 income with short-term rental cash flow to helping others achieve the same success. Margot delves into how Hostfully assists property managers, particularly smaller-scale and novice hosts, with features like digital guidebooks, booking platform integration, and dynamic pricing. They also explore how automation can manage cleaning schedules, guest communication, and upselling opportunities to optimize both revenue and guest satisfaction. Margot emphasizes the importance of planning and leveraging technology from the outset to ensure smooth scaling and effective management of rental properties. They also touch on the role of AI in property management and how it can enhance customer support and guest experiences. https://strscalesummit.com/ Connect with Kenny on LinkedIn! Follow Kenny on IG
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    45 mins
  • Your biggest mistake when you scale (Part 1)

    Your biggest mistake when you scale (Part 1)
    Jul 23 2024
    Kenny Bedwell discusses the common pitfalls of scaling short-term rental portfolios and offers solutions to avoid these mistakes. Kenny emphasizes the importance of focusing on quality over quantity, implementing property management software, utilizing dynamic pricing tools, building robust marketing strategies, establishing standard operating procedures, and tracking financial performance through accounting software. With his insights, Kenny aims to help both novice and seasoned investors achieve time freedom and business growth in the short-term rental industry. https://strscalesummit.com/ Connect with Kenny on LinkedIn! Follow Kenny on IG
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    18 mins
  • How to determine the ROI from design? (Part 2)

    How to determine the ROI from design? (Part 2)
    Jul 18 2024
    Kenny discusses achieving maximum ROI from design and decor with Paige Hayes from Hayes and Company Interiors. Paige shares her expert insight into the strategies of integrating design into short-term rental properties to boost their appeal and financial return. Topics range from identifying the property's story, managing design budgets, to understanding market-specific adjustments. Listeners will also deep dive into a specific case study of a property on the Bourbon Trail in Kentucky, and learn Paige's unique approach to setting up spaces that attract guests and ensure a profitable experience for property owners. https://strscalesummit.com/ Connect with Kenny on LinkedIn! Follow Kenny on IG
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    36 mins
  • How to determine the ROI from design? (Part 1)

    How to determine the ROI from design? (Part 1)
    Jul 16 2024
    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
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    21 mins
  • Is it my pricing, listing, or amenities? - Amenities Edition (Part 2)

    Is it my pricing, listing, or amenities? - Amenities Edition (Part 2)
    Jul 11 2024
    Kenny welcomes Bryndee Barton from Revity Refined to discuss strategies for maximizing revenue in vacation rentals through effective use of amenities and design. Bryndee shares insights into her journey from flipping houses to running successful vacation rentals, such as Loma Homes, which have gone viral due to their unique themes and amenities. They delve into the importance of understanding market demands, using data to inform design decisions, and standing out visually with bold concepts. The conversation covers specific strategies for different markets, the importance of guest avatars, and practical advice for existing property owners looking to revamp their rentals. Bryndee also teases her upcoming participation in the STR Scale Summit, where she'll share more detailed insights into data-driven design and managing nationwide property projects. https://strscalesummit.com/ Connect with Kenny on LinkedIn! Follow Kenny on IG
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    37 mins