Cash Flow Positive Is it my pricing, listing, or amenities? - Amenities Edition (Part 1)
Kenny delves into the crucial topic of property amenities and their impact on revenue for short-term rentals. Kenny explains the importance of understanding your 'guest avatar' to make informed decisions about which amenities to add. He highlights the difference between amenities that maximize revenue (such as pools and hot tubs) and those that sustain occupancy (such as theater rooms and barrel saunas). Bedwell emphasizes the importance of effectively marketing these amenities through top-notch photography and strategic placement in your listings. He also provides practical examples and data comparisons to underline his points. This episode includes valuable insights and actionable advice aimed at helping both novice and seasoned investors enhance their property portfolios for optimal financial returns. Additionally, Kenny invites listeners to join the free upcoming STR Scale Summit for more expert advice and networking opportunities.