Cash Flow Positive
Kenny Bedwell
Recent Episodes
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:
Schedule a free 1 on 1 consult with Cody
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/