Cash Flow Positive

How do you build systems that actually help your short-term rental business grow—and not just add more chaos? In this episode of Cashflow Positive, Kenny welcomes Cody Wood, a seasoned operations expert who has managed over 187 short-term rental properties and specializes in creating streamlined systems.

Cody shares his journey of scaling up to nearly 200 properties and realizing the critical importance of trimming inefficiencies, building SOPs, and using the right technology to drive sustainable growth. Listeners will learn about the pitfalls of "shiny object syndrome" when it comes to adopting new tech and why it’s crucial to understand what really fits your business. 

Cody also explains the transformative effect of focusing on fewer but more profitable properties and offers insights into what systems are truly necessary for operators just starting out. Whether you’re managing one property or twenty, Cody’s insights on optimizing processes and scaling effectively will help take your rental business to the next level.

Curious about what property management software is right for you, or whether you really need all those subscriptions? Cody provides practical tips on how to determine what’s essential and how to avoid adding unnecessary complexity to your operations.

In This Episode You’ll Learn:

• Scaling up doesn’t mean adding more properties
• The 80/20 rule can help cut out unprofitable properties and focus on maximizing returns
• The dangers of adopting technology without knowing if it fits your business.
• How SOPs (Standard Operating Procedures) can help you manage your operations effectively
• How to audit your technology stack to keep costs low and improve operational efficiency
• Why adding technology should enhance your business instead of complicating it
• And much more…

Resources:

STRhub.com 

[email protected] 

Cody’s LinkedIn

Schedule a free 1 on 1 consult with Cody

In today's episode of the Cashflow Positive podcast, Kenny discusses how operators can avoid overcomplicating their setups with unnecessary tools and expensive software. 

You'll discover how, by focusing on the core elements that truly matter, you can reduce stress and keep things running smoothly without being bogged down by overwhelming tech demands.

Discover the value of strategic decision-making when it comes to technology, pricing, and marketing. Rather than jumping into complex platforms, listeners are encouraged to choose affordable, user-friendly options that get the job done without overburdening their operations.

This episode shows how, by being selective with investments and prioritizing the right strategies, operators can scale successfully without getting caught in unnecessary subscriptions or tools.

If you've enjoyed this episode of the Cashflow Positive podcast, be sure to leave a review and subscribe today!

Enjoy!

In This Episode You'll Learn:

• Kenny's personal journey with short-term rentals, fluctuating from six to three properties and planning to add two more.
• Why rookie operators need to be involved in their property's pricing and revenue management, as no single software is game-changing.
• The importance of consistency and simplicity in managing cleaning and maintenance processes.
• The value of keeping expenses low and being efficient with software and subscriptions.
• And much more...

How do you transform a short-term rental from a basic property into a hospitality experience that keeps guests coming back? In this episode of Cashflow Positive, Kenneth Bedwell sits down with Marc Hostovsky, the founder and CEO of Minoan, to dive into the essential shift from real estate thinking to hospitality-focused management. Learn how Marc's innovative approach helps hosts maximize the potential of their properties through thoughtful design, furnishings, and guest experiences.

Marc shares his journey from working at a fast-growing startup to founding Minoan, a platform that allows hosts to access exclusive discounts and marketing opportunities from top brands. More importantly, Marc explains why creating spaces that guests love to experience—not just visit—is key to unlocking higher revenue and building a successful rental business.

Curious about how you can boost your nightly rates with just a few design changes? Wondering if investing in high-quality furnishings is really worth it? Marc breaks down the balance between making smart investments and providing a memorable guest experience, and why focusing on hospitality can lead to long-term profitability.

In This Episode You'll Learn:

• Why short-term rentals are more than just real estate investments
• How to strategically invest in furnishings and amenities to maximize guest experience and revenue
• The importance of identifying your target audience when designing your property
• How to avoid overspending while still creating a high-end guest experience
• Why short-term rental hosts should view themselves as “four-walled influencers” and capitalize on marketing partnerships
• The value of hospitality-focused design in reaching the full potential of your property’s revenue
• And much more…

Resources:

Connect with Marc on LinkedIn - https://www.linkedin.com/in/marc-hostovsky/

Follow Marc on Instagram - https://www.instagram.com/minoanexperience/?hl=en

Minoan.com - https://minoan.com/

Connect with Kenny on LinkedIn - https://www.linkedin.com/in/kenneth-bedwell-9680a8113/

Follow Kenny on Instagram - https://www.instagram.com/kenny_bedwell/

Can short-term rentals really deliver the financial freedom many investors expect? In this episode, listeners can learn the critical difference between short-term rentals and traditional real estate investments. It’s not just about buying properties—it’s about running a hospitality business, where guest experience is everything.

During this episode, Kenny clears up the common misconception that short-term rentals are easy, passive income. He explains why success in this space relies heavily on mastering hospitality, not just real estate. Kenny emphasizes the importance of putting in the time and effort to create five-star experiences for guests, sharing insights on how to maintain profitability in this hands-on industry.

Listeners will be encouraged to rethink their approach to short-term rentals by focusing on what really drives success: understanding the hospitality aspect of the business and having the right motivation to stay committed long-term. Tune in to find out essential strategies for creating a sustainable, cash-flow-positive rental business. Listen now and enjoy!

In This Episode You'll Learn:

• Short-term rentals are more than just real estate investments—they require hospitality skills
• Why short-term rentals aren’t passive income and what it really takes to succeed
• The importance of defining your “why” to avoid burnout and stay motivated
• How delivering exceptional guest experiences can boost your profitability
• Time management strategies and tips for outsourcing tasks effectively
• The key differences between managing short-term rentals and traditional real estate investments
• And much more…

Resources:

Connect with Kenny on LinkedIn!

Follow Kenny on IG 

The Profit Power of Hospitality: Maximize Your ROI by Elevating Guest Experiences with Superior Hospitality (Part 2)

Have you ever wondered what makes a guest experience truly unforgettable? Whether you're a short-term rental host or just looking for ways to improve your business, elevating your guest experience is key. 

In today's episode of the Cashflow Positive podcast, you will learn more about the small but impactful details that can transform a guest’s stay from average to extraordinary—and why it's not just about fancy amenities.

In this second part of “Maximize Your ROI by Elevating Guest Experiences with Superior Hospitality”, Kenny is joined by Sarah Karakaian and Annette Grant, founders of Thanks for Visiting and seasoned short-term rental hosts. 

With 34 properties under their management, they know a lot about creating a lasting impression on guests. Their mission? To elevate the short-term rental industry and inspire hosts to think like business owners, not just side hustlers.

Curious about how a simple handwritten card can lead to rave reviews or why hiring an inspector could save you from bad feedback? Want to learn how patience and strategic risk-taking can increase your revenue, even in a competitive market? 

Kenny and his guests explore these topics and more, including the hidden tactics that successful hosts use to stay ahead of the competition.

If you're ready to take your short-term rental game to the next level and unlock the secrets to a five-star guest experience, hit play and enjoy!

In This Episode You'll Learn:

• Why adding an inspector role can make or break your guest reviews
• How personal touches can create memorable experiences
• The importance of tracking historical data to consistently improve your revenue
• Why raising your nightly rate strategically can increase profits in the long run
• How guest feedback can help you rebrand your property for even better results
• The role of patience and testing in setting competitive prices
• Why paying attention to details, like presentation and communication, is crucial for guest satisfaction.
• And much more…

Resources:

Thanksforvisiting.com

ThanksforVisiting Instagram Page

ThanksForVisiting Youtube Channel 

Connect with Kenny on LinkedIn!

Follow Kenny on IG

Have you ever wondered what makes a guest experience truly unforgettable? Whether you're a short-term rental host or just looking for ways to improve your business, elevating your guest experience is key. 

In today's episode of the Cashflow Positive podcast, you will learn more about the small but impactful details that can transform a guest’s stay from average to extraordinary—and why it's not just about fancy amenities.

In this second part of “Maximize Your ROI by Elevating Guest Experiences with Superior Hospitality”, Kenny is joined by Sarah Karakaian and Annette Grant, founders of Thanks for Visiting and seasoned short-term rental hosts. 

With 34 properties under their management, they know a lot about creating a lasting impression on guests. Their mission? To elevate the short-term rental industry and inspire hosts to think like business owners, not just side hustlers.

Curious about how a simple handwritten card can lead to rave reviews or why hiring an inspector could save you from bad feedback? Want to learn how patience and strategic risk-taking can increase your revenue, even in a competitive market? 

Kenny and his guests explore these topics and more, including the hidden tactics that successful hosts use to stay ahead of the competition.

If you're ready to take your short-term rental game to the next level and unlock the secrets to a five-star guest experience, hit play and enjoy!

In This Episode You'll Learn:

• Why adding an inspector role can make or break your guest reviews
• How personal touches can create memorable experiences
• The importance of tracking historical data to consistently improve your revenue
• Why raising your nightly rate strategically can increase profits in the long run
• How guest feedback can help you rebrand your property for even better results
• The role of patience and testing in setting competitive prices
• Why paying attention to details, like presentation and communication, is crucial for guest satisfaction.
• And much more…

Resources:

Thanksforvisiting.com

ThanksforVisiting Instagram Page

ThanksForVisiting Youtube Channel 

Connect with Kenny on LinkedIn!

Follow Kenny on IG

In today's episode of the Cashflow Positive podcast, Kenny discusses how elevating the guest experience can dramatically impact your ROI in short-term rentals. 

While the focus is often on choosing the right property and market, Kenny shifts the spotlight to the crucial, yet frequently overlooked, element of hospitality. You'll discover how excelling in this area can significantly boost your financial returns, challenging the misconception that great hosting only involves personal touches like baking cookies or offering flowers.

Kenny also discusses the importance of sustainable and replicable hospitality practices that go beyond the typical hands-on approaches, advocating for automating and systematizing guest interactions to maintain a personal touch without requiring constant physical presence.

This episode shows how maintaining a high level of care, precision and quality control, not only ensures a great guest experience - leading to five-star reviews - but also optimizes your property’s profitability.

If you've enjoyed this episode of the Cashflow Positive podcast, be sure to leave a review and subscribe today!

Enjoy!

In This Episode You'll Learn:

• Why hospitality is crucial, but often overlooked in the world of short-term rentals.
• The need for sustained and replicable hospitality that can be automated.
• Why hosts should stay in their properties for at least two nights to understand the guest experience.
• The importance of having the right teams in place to maintain and enhance hospitality in short-term rentals.
• And much more...

In today's episode of the Cashflow Positive podcast, Kenny is joined by Kim Fitzpatrick, the CEO of Launched Host, a company that works with short-term rental designers to get their plans installed in as little as a week.

During the conversation, Kenny and Kim dive into a lively discussion about navigating unexpected challenges in a demanding and unpredictable field. They highlight the importance of preparation, patience, and resilience when taking on complex projects. 

You'll discover real-world examples of the mental, physical, and emotional strain that can accompany high-stakes work. Kim offers insights into the value of meticulous planning and the balance required to juggle multiple responsibilities.

This episode serves as a motivational reminder that, while the journey can be tough, it’s important to have a clear strategy and to lean on others for support.

If you've enjoyed this episode of the Cashflow Positive podcast, be sure to leave a review and subscribe today!

Enjoy!

In This Episode You'll Learn:

• The origin of Launch Host's mission: to help property owners get their money back quickly by setting up their properties within seven days.
• The importance of sticking to performance timelines, budgets, and ensuring quality work.
• The value of engaging an STR-specific designer who understands tight turnaround times and delivery dates.
• Why treating the installation process as a full-time job and managing emotions and energy levels can prevent burnout.
• And much more...

Resources:

Launched Host

Launched Host Facebook

In today's episode of the Cashflow Positive podcast, Kenny uses a clever analogy involving the famous tale of the tortoise and the hare to illustrate a key principle for success in managing short-term rentals.

You'll discover the importance of launching rental properties quickly, avoiding the common pitfalls of slow decision-making, and utilizing strategic multitasking to maximize cash flow.

Go on a journey through the process of preparing a rental property for market, from handling renovations and furnishing to optimizing listings for early bookings.

With insights on balancing cost-saving measures and hiring professionals, this episode promises practical strategies for achieving fast and profitable rental property launches.

If you've enjoyed this episode of the Cashflow Positive podcast, be sure to leave a review and subscribe today!

In This Episode You'll Learn:

• The importance of launching a property quickly to minimize holding costs and maximize cash flow.

• The relevance of having a plan in place before starting the design process.

• The significance of surrounding oneself with experts who can complete tasks faster.

• The challenges of replacing furniture and making renovations within a tight timeframe.

And much more...

Resources:

Connect with Kenny on LinkedIn!

Follow Kenny on IG

Disclaimer:

The views, information, or opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of the Cashflow Positive podcast or its affiliates. The content provided is for informational and entertainment purposes only and is not intended to be a substitute for professional advice. We make no representations as to the accuracy, completeness, suitability, or validity of any information on this podcast and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. Listeners should consult with a professional for specific advice tailored to their situation. By accessing this podcast, you acknowledge that any reliance on the content is at your own risk.

In this episode Kenny explores how to generate over $500,000 in revenue from a single short-term rental property. He discusses the unique features and strategies used by high-earning property owners, including large properties with six or more bedrooms, unique amenities like lazy rivers and wedding venues, and the importance of space, privacy, and hospitality. He emphasizes the impact of direct bookings and repeat guests on revenue. Stay tuned for part two, where Kenny interviews one of these successful property owners.

Connect with Kenny on LinkedIn!

Follow Kenny on IG