331. Use Data to Increase Profits in Your Short-Term Rental Business

Today’s expert guest is Kenny Bedwell, in a session recorded at TFVCON2023 in Columbus, Ohio. Kenny founded STR Insights in 2021 as a tool to help investors find the most advantageous STR markets for their unique circumstances using advanced data analytics.

We pulled Kenny aside to have a side chat – between his immensely popular educational sessions at the conference – to dig in a little deeper on what he had been presententing to attendees: How to use data to inform good decision making.

He shares the top mistakes people are making when researching and buying rental property and sheds some light on a few positive trends he’s seeing across the industry. We also touch on the idea of tagging along with the creation of new National Parks and share a few recommended analytics tools.

It’s 2024, people! Data analytics is table stakes to running any optimized business, especially in a space like ours, where so much personalized information is collected on a daily basis.

(00:01:27) #STRShareSunday: @eclipse_poconos

(00:07:29) Most Common Mistakes Made in Real Estate Prospecting

(00:12:28) Kenny Bedwell on the Future of the Short-Term Rental Industry

(00:14:55) Sarah & Annette Comment on Kenny’s Tips

Resources:

• Visit thanksforvisiting.com/workshop to watch our Hosting Business Mastery Method workshop!
• Airbnb Essentials Checklist: hostchecklist.com
• #STRShareSunday: @eclipse_poconos
• STR Insights: app.STRinsights.com
• Visit rentresponsibly.org for information on what’s going on in your market
• Recommended STR analytics tools: PriceLabs, AirDNA, and KeyData

Thanks for Visiting is produced by Crate Media.

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