38. How to Buy Profitable Airbnb Property Leveraging Data

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In this episode of 'STR Like the Best,' host Michael Chang welcomes Kenny Bedwell, CEO and founder of STR Insights. They discuss the importance of data analysis for growing a short-term rental business.

Kenny shares his personal journey from a corporate professional to owning multiple short-term rental properties. He offers insights on the best high-ROI amenities, the significance of understanding guest avatar, and practical tips for using data to make informed investment decisions.

00:26 Guest Introduction: Kenny Bedwell

03:18 First Short-Term Rental Experience & Challenges

08:19 How to Underwrite Short Term Rental Investment Property

10:38 Portfolio Management and Strategy

27:40 STR Insights: Market Planning Tool

31:28 Understanding Gross ROI and Market Selection

35:33 Cash on Cash Return vs. Cash Flow

39:34 Operational Efficiency and Automation

46:26 Evaluating Property Upgrades and Amenities

52:12 Data Integrity and Decision Making

Follow Kenny Bedwell on Instagram: https://www.instagram.com/kenny_bedwell/

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--------------------------------------------------------------------------------------------------------- - -- What Type Of Short-Term Rental Host Are You? QUIZ: https://www.strlikethebest.com/ytquiz

- Spotify Podcast: https://open.spotify.com/show/141mIvb8qq26JgRYpyoAOa?si=ea3dec9707d74da4

- Apple Podcast: https://podcasts.apple.com/us/podcast/str-like-the-best/id1675408369