Most STRs Fail Because They Cut Corners (Here’s the Math) | The STR Scale Show with Mike Reilly | Ep 22

In this monologue podcast, the speaker discusses strategies for investing in short-term rental properties, emphasizing the importance of investing in amenities and experiences to compete effectively in the market. The speaker suggests a minimum investment of $150,000 for single-family homes in A, B, or C markets to achieve a 20% or higher cash-on-cash return. They share examples of properties where increased investment in features like golf simulators, outdoor areas with saunas and hot tubs, and high-quality furnishings led to higher ADRs and cash flow. The podcast also touches on market trends, the impact of interest rates, and the necessity of diversifying guest acquisition beyond platforms like Airbnb and Vrbo, recommending tools like AirDNA and BNBCalc for analyzing potential deals.