Cash Flow Positive

Kenny welcomes special guest Emile Sakhel, a pricing expert from 'Pricing by Mira.' They delve into advanced pricing strategies for short-term rental properties, emphasizing the importance of proper revenue management and data analytics. Emile shares his journey from anesthesia to short-term rentals and provides actionable insights on optimizing revenue through strategic pricing. They also discuss the critical role of understanding market dynamics, setting accurate base prices, and the necessity of constant adjustments for maximized revenue. Additionally, Kenny announces the upcoming 'STR Scale Summit,' a free virtual event focused on scaling short-term rental businesses through expert knowledge and innovative strategies.https://strscalesummit.com/Connect with Kenny on LinkedIn!Follow Kenny on IG

Kenny delves deep into the critical topic of pricing strategies for vacation rental properties. Kenny emphasizes the importance of understanding and optimizing pricing before facing booking issues or market saturation. He discusses how to evaluate and adjust pricing, listing descriptions, and amenities to ensure competitive edge and higher revenue. Using a specific case study from Black Mountain, North Carolina, he demonstrates how improper pricing and high cleaning fees can impact bookings negatively. Kenny also outlines the need for dynamic pricing adjustments based on booking lead time and encourages proactive revenue management. Tune in to learn actionable tips to maximize your cashflow and stay ahead in the vacation rental market.https://strscalesummit.com/Connect with Kenny on LinkedIn!Follow Kenny on IG

Brian Bockholdt, joins for this week’s part 2 episode on ways we can scale our STRs - finance addition! Brian, with 30 years of mortgage experience and 5 years as an STR investor, shares valuable insights about various loan products, including second home loans and investment property loans. He clears up misconceptions about second home loans and highlights the benefits of using them to minimize down payments and secure better lending terms. You’ll also hear about the nuances of debt-to-income ratios, refinancing options, adjustable-rate mortgages, and the importance of working with specialized lenders.Give Brian a call: (630)-210-4205Connect with Brian on LinkedInConnect with Kenny on LinkedIn!Follow Kenny on IG

This week, we are focusing on ways to scale your STR portfolio…finance addition! You’ll hear how to effectively scale your short-term rental portfolio through a variety of financing options, and key concepts like leveraging debt to income ratio (DTI), speaking with multiple lenders, and using other people's money to maximize growth. Stay tuned for part 2 on Thursday!Connect with Kenny on LinkedIn!Follow Kenny on IG

Explore the challenges and successes of property management with guest Patryk Swietek, Founder of STR Nation. Delve into the importance of localized expertise, scaling in a competitive market, and continuous improvement in the world of short-term rentals.

Is property management actually worth it? In today’s Part 1 episode, I’m covering the common misconceptions surrounding property management within the STR industry. I talk about the potential benefits of hiring property managers, the importance of utilizing technology, hiring virtual assistants, and how to enhance property performance without relying on expensive property management firms. Connect with Kenny on LinkedIn!Follow Kenny on IG

Savvy realtor and short-term rental expert Tyler Coon joins for this week's part 2 episode on secret deal finding strategies! Tyler shares his unique strategies for finding hidden deals in the market, a recent success story involving a property that grossed $210,000 to $250,000 in its first year, and insights into the benefits of creative financing and the importance of amenities. Tyler also talks about maximizing cash flow, sharing valuable tips on executing successful short-term rental investments.Follow Tyler on IGConnect with Tyler on LinkedInConnect with Kenny on LinkedIn!Follow Kenny on IG

Are you looking for new ways to find real estate deals? Tune in to hear secret strategies with detailed examples and methods to help you think outside the box and optimize your real estate investments!Connect with Kenny on LinkedIn!Follow Kenny on IG

Welcome to Part 2 of this weeks topic - is it too late to invest in STRs? Brenna Carls, CEO and founder of The Mortgage Shop, joins to discuss this, talking about the current high-interest rate environment, how investors can still cashflow, and the importance of understanding loan types like DSCR. Brenna provides valuable tips on performing pro forma calculations, the significance of amenities, cost segregation for tax benefits, and navigating different loan options.Connect with Kenny on LinkedIn!Follow Kenny on IGConnect with Brenna on IG!

Is it too late to invest in short-term rentals? In today’s Part 1 episode, I’m sharing a detailed analysis, talking about treating STRs as an active business rather than a passive investment, the importance of understanding market revenue drivers, and more. Stay tuned for part 2 to hear from an expert in the STR industry about this frequently asked question! Connect with Kenny on LinkedIn!