How I Net $175K Yearly From One Airbnb Property

Описание: Join an active community of RE investors here: https://linktr.ee/gabepetersen

0:00 - Introduction to Short-Term Rental Investing
1:34 - Kenny's Journey from Citibank Data Analyst to STR Investor
7:16 - Step 1: Finding Drivable Markets Near Major Cities
12:16 - Step 2: Budget Planning and Capital Allocation
16:12 - Step 3: Analyzing Revenue Data and Market Performance
20:02 - Step 4: Understanding Regulations and Community Sentiment
28:08 - Short-Term Rentals vs Boutique Hotels: Cashflow vs Appreciation
34:32 - Advice for Your Younger Self: Pick Up The Phone
38:33 - Best Metro Areas for STR Investing Right Now
41:01 - Biggest Mistakes: Regulation and Parking Nightmares
43:19 - The Deal That Changed Everything: $80K Net on $450K Investment

DISCOVER THE DATA-DRIVEN APPROACH TO SHORT-TERM RENTAL SUCCESS 🏡📊

Looking to break into short-term rental investing but overwhelmed by the 12,000+ potential markets across America? In this comprehensive episode, Kenny Bedwell from STR Insights reveals his proven five-step framework for finding profitable Airbnb and vacation rental properties that generate massive cash flow. Kenny shares how he went from house-hacking his first property in New York to building a portfolio spanning Kentucky, North Carolina, Texas, Arizona, and even operating a boutique hotel in New Orleans 🎺

THE FIVE-STEP SYSTEM FOR FINDING PROFITABLE STR MARKETS 🎯

Kenny breaks down his methodical approach to market selection that helped him identify properties netting over six figures annually. The first critical factor is finding markets within three to four hours driving distance from major metropolitan areas. These drivable destinations prove more recession-resistant than fly-to markets like Miami or Nashville, as families cut air travel first during economic downturns but continue taking weekend road trips 🚗

The second step focuses on realistic budget planning based on actual cash
available, not bank pre-approvals. Short-term rentals require significant capital for furnishings, amenities, and creating Instagram-worthy experiences that compete in today's market. Kenny emphasizes that overleveraging on the down payment leaves nothing for the property improvements that separate top performers from mediocre listings 💰
Revenue analysis forms the third pillar, where Kenny looks for existing properties generating at least $100,000 annually in target markets. He teaches investors to aim for a 15-20% gross ROI, meaning a $500,000 property should generate $100,000 in gross revenue. Using free tools like STR Insights and paid platforms like AirDNA, investors can validate market demand before committing capital 📈

THE REGULATION GAME CHANGER MOST INVESTORS IGNORE ⚖️

The fourth step addresses the elephant in the room that has destroyed countless STR investments: regulations and community sentiment. Kenny learned this lesson the hard way after buying properties he couldn't legally operate, including land in Arizona that sits vacant because he didn't call the county before purchasing. His advice is unequivocal - pick up the phone and talk to city officials, even if online research suggests regulations are favorable 📞

Kenny shares his unique strategy of knocking on neighbors' doors before
closing to gauge community acceptance. If neighbors express opposition to short-term rentals, he walks away from the deal, no matter how attractive the numbers appear. This approach has transformed hostile neighbors into allies who help with landscaping and property management, creating a sustainable long-term operation 🤝

SHORT-TERM RENTALS VS BOUTIQUE HOTELS EXPLAINED 🏨

One of the most fascinating insights comes from Kenny's explanation of why he invested in a boutique hotel netting only $70,000 annually when he owns STRs generating $175,000. The answer lies in asset appreciation strategies. Short-term rentals sell based on residential comps regardless of revenue, while commercial hotel properties sell on cap rates. His $1.4 million hotel purchase with an $800,000 renovation reappraised at $4 million, generating a million-dollar equity check in just two years 💵
Kenny defines boutique hotels as "fancy motels" - renovated properties that benefit from pro-hotel regulations in markets like New Orleans where Airbnbs face hostility. Rather than fighting against community sentiment, he aligns with it, choosing hotels in anti-STR markets and vacation rentals in welcoming destinations. This strategic flexibility maximizes returns while minimizing regulatory risk ✨

Want to learn more about our guest? Connect here: [email protected]
Want to learn more about the REI Club Podcast, how to invest with Gabe at Kaizen, or join our community of active real estate investors on Skool? Visit the podcast website at https://www.therealestateinvestingclu... or click here: https://linktr.ee/gabepetersen
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