Episode 136: Discover the Best STR Markets for High ROI in 2025

Episode Summary Welcome back to the Luxury Rental Doctor Podcast! 🎙️ In this episode, Dr. Rachel Gainsbrugh interviews Kenny Bedwell, a former data analyst turned short-term rental (STR) expert and founder of STR Insights. Kenny shares his unique perspective on identifying profitable rental markets, avoiding common mistakes, and leveraging data to make informed investment decisions in the ever-evolving STR landscape. 🎧 Key Highlights: 1. Kenny’s Transition to Real Estate: - From working at Citibank to becoming a full-time real estate investor. - Challenges of balancing a corporate job with a growing real estate portfolio. 1. STR Market Insights: - Why market data fluctuates and how to adapt your strategy. - The importance of looking beyond ""sexy"" markets for better ROI. - Top-performing amenities, such as privacy, space, and lighting, that maximize guest satisfaction and revenue. 1. Top Markets for 2025: - Regions like West Virginia, South Dakota, Michigan’s West Coast, and Texas Hill Country are emerging as hidden gems. - Kenny’s tips for finding overlooked properties with unique selling points, like stunning views or proximity to attractions. 1. Avoiding Common Investor Mistakes: - Why cash-on-hand matters more than your pre-approved loan amount. - The ""20% Rule"" for budgeting renovations and furnishings to create top-performing properties. - Red flags to avoid, such as turnkey properties with subpar furnishings. 1. Leveraging Data for STR Success: - How Airbnb’s algorithm changes emphasize consistency and guest experience. - The value of achieving ""Top 1%, 5%, or 10% Host"" badges for increased revenue and visibility. 📌 Takeaways for Busy Professionals: - Don’t settle for properties that create more work than they’re worth—invest in quality to save time and stress. - Systems and processes, like virtual assistants and proactive property management, are key to scaling without burnout. - Think of STR investing as a business, and let data drive your decisions. 🎁 FREE RESOURCES - Download the ""75 Gems"" Training: shorttermgems.com/75gems - Join Our Community: facebook.com/groups/422973842093365 - Follow Us on Instagram: instagram.com/short.term.gems - Visit Our Website: shorttermgems.com - Book a Strategy Call: shorttermgems.com/book - Listen to the Podcast: shorttermgems.com/podcast 💬 Leave a review below with your thoughts and questions! 🔔 Subscribe to our channel for more inspiring stories and real estate tips! 📱 Follow us on social media for daily updates and exclusive content! Stay connected and let us help you unlock your real estate success! 🚀