STRonomics

Location. Location. Location.

Feb 24, 2024

The hosts discuss the importance of location in short-term rental properties, with guest Kenny Bedwell highlighting his unique amenities. They emphasize investing in top-performing properties, upgrading them, and choosing locations near key attractions. They also cover common pitfalls to avoid and the role of location in market saturation. The episode delves into property upgrades like movie theaters and cabanas for a competitive edge.

20:47

Episode guests

Kenny Bedwell

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Choosing the right location maximizes property returns by proximity to key attractions and market drivers.

Continuous innovation through property upgrades differentiates properties, drives higher booking rates, and justifies premium pricing for a superior guest experience.

Deep dives

Importance of Property Location in Real Estate Investment

Property location plays a crucial role in real estate investment success. The podcast highlights how choosing the right location can significantly impact revenue and property performance. Investors are cautioned against buying properties solely based on market recommendations without considering the specific location within the market. The discussion emphasizes the significance of proximity to key attractions, amenities, and market drivers in maximizing property returns.

Introduction

2min

Exploring TV lighting, ROI concerns, and property location in real estate

2min

The Critical Role of Location in Real Estate Investment

12min

Importance of Location Quality in Property Investment

2min

Strategic Property Upgrades for Competitive Edge

3min

This episode of STRonomics is proudly sponsored by MarketMySTR.com, the leading marketing platform for STR Industries.

In this episode of STRonomics, the hosts discuss the importance of location in the success of short-term rental (STR) properties. Their guest, Kenny Bedwell, shares his firsthand experiences with his STR property in Watkins Glen, New York, and how he sets his property apart via unique amenities, such as a newly installed movie theater room. They emphasize the importance of investing in top-performing properties and continually upgrading them to remain competitive and drive high returns. Furthermore, they delve into the strategy behind choosing properties close to key attractions and highlight common pitfalls investors should avoid concerning property location.

00:01 Introduction

00:26 Tour of Kenny's Home Theater

01:56 Discussing ROI and Unique Features

02:48 The Importance of Location in Property Investment

03:10 Case Studies: The Impact of Location on Property Value

03:37 The Pitfalls of Ignoring Location

07:16 The Role of Location in Market Saturation

09:22 The Importance of Unique Property Features

11:02 Investing in Property Upgrades

19:58 Conclusion and Sign Off

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Watch this podcast each Thursday on our YouTube Channel: https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA

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Instagram: Kenny_Bedwell

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