Cash Flow Positive
Part 1: Who Cares About Macro Trends? The Secrets to STR Success
Do macro trends in the short-term rental industry really matter? In this solo episode of Cash Flow Positive, Kenny breaks down why focusing on broad industry statistics could be misleading for individual investors. With revenue per property declining across many markets, Kenny explains why properties with unique "moats" consistently outperform, regardless of overall market conditions. He emphasizes the importance of studying specific markets, understanding barriers to entry, and building properties that stand out.
Kenneth challenges listeners to shift their focus from average data to actionable insights that lead to success. He provides practical advice on evaluating properties, balancing occupancy and ADR, and why understanding your property's unique value proposition can insulate you from industry-wide downturns. If you're ready to rise above the average and thrive in today’s competitive landscape, this episode is for you.
In This Episode You'll Learn:
- Why properties with "moats" are less impacted by macro trends
- Understanding the barriers to entry in a specific market is crucial before investing
- Focusing on occupancy balance and ADR optimization maximizes revenue potential
- Avoid relying on average market data; instead, study individual market attributes
- Revenue can still increase for top-performing properties, even when market averages decline
- And much more…
Resources:
Connect with Kenny on LinkedIn
