38. How to Buy Profitable Airbnb Property Leveraging Data

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