STR Investment - how to find the right investment property - You'd be silly to miss this. w/ Kenny

Don’t Forget to Subscribe! This week is all about innovation! Many of you work in different segments of the accommodation industry, from tech through to running some of the biggest hotels. Over the past 20 eyras we have seen a huge change in the industry due to the internet, smartphones, review platforms, OTAs and now of course Airbnb… I won’t even go into the impacts of Covid. How do you know if a location is ripe for short-term rental investment? What is the best way to research the neighbourhood, types of guests typically drawn to the area, regulations, and more? In this episode, we talk about everything you need to evaluate when considering your next STR investment. We are joined by Kenny Bedwell, CEO and Real Estate Investor. Kenny is a data enthusiast, so much so that he founded STR Insights, an investor-friendly tool for searching markets that fit your preferences to better help you streamline your search. What we cover in this episode: Where to find the right investment data. How to conduct market analytics. Which metrics to use to determine the best location for your investment? How to do an effective short-term rental analysis How do you find new markets to invest in? 📋 Chapters! 00:00 How to Identify The Right Markets for Short-Term Rentals/STR Markets - where you need to be looking? 02:00 Kenny’s introduction and background. 06:12 How STR Insights helps you identify the best STR investment. 11:21 How to calculate your cash on cash return. 13:40 How do you set your revenue goal? 17:45 Why target markets that have regulations? 20:08 What do you need to consider when finding a new territory? 21:58 Which locations make for the best investments? 26:32 What's the most important data to get from your competitors? 30:31 STR Insights exclusive offer Show Links @short-termrentalinsights Your deal - use BESTMARKETS22 at https://bit.ly/strinsights ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 🥊Need more direct bookings or a brand new website? Book an appointment! We get results! https://www.ibooked.online​​​​​​​​​​​🥊 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Don't forget to hit that subscribe button! This also keeps us going and creating more useful content for free! ACCOMMODATION OWNERS AND MANAGERS FREE RESOURCES! 📧Join the mailing list for freebies and critical industry updates: https://bit.ly/accommodationtipsandtricks 🌍The Accommodation Owners and Managers Facebook Group: https://bit.ly/AMoFacebookCommunity 🗨 Connect with Bart Sobies: https://www.ibooked.online/bart/ 🎙 Subscribe to the podcast to listen later: https://www.theaccommodationshow.com ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Disclaimer: *All content on this YouTube channel, Podcast or post reflects my own and guests opinions and should NOT be taken as legal advice, financial advice or investment advice. Please seek out guidance of professionally trained and licensed individuals before making any decisions. Some links in the description may be affiliate links. Affiliate Disclaimer: This blog, podcast & youtube channel; will occasionally contain affiliate links, which means I receive a small commission on a purchase without additional cost to you, if you buy something through my links. The purpose of this show is to educate viewers and share everything I know about improving your accommodation, STR and AirBNB business. I do believe in the products and services that we link to and that you may benefit from them. If you do purchase through my affiliate links; I want to thank you for your support. #shorttermrentals #strinsights #bookdirect