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This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.
In this episode of STRUnfiltered, Bill is joined by Shawn Moore, owner of “Vodyssey” and one of the great minds in the world of Short-Term Rentals. The two go into detail about Shawn’s upbringing, how he was drawn into the world of Real Estate, and (of course) about that signature cowboy hat. Bill and Shawn share a similar style and approach to investing, but a large portion of the conversation is centered around their one major difference: whether or not to self-manage or to hire Property Managers. Both Bill and Shawn understand that marketing and presentation are absolutely key to success in the world of STRs, and despite their differing approaches, both share some very particular needs and requirements in order to maximize the revenue from each individual property. From there, the two discuss Projections for the market in 2024, and their plans to meet up for a fantastic joint seminar in the coming months.
02:00 Introduction and Guest Arrival
02:23 The Unconventional Podcast Format
02:39 The Cowboy Hat Mystery
03:46 Sean's Cowboy Lifestyle
05:17 The Country Club Cowboy
07:03 The Joy of Outdoor Activities
10:54 Sean's Journey into Short Term Rentals
16:19 The Role of Property Management in Sean's Business
19:13 Maximizing Assets in Vacation Rentals
19:19 The Importance of Consistency in Vacation Rentals
19:55 Finding the Best Property Managers and Co-Hosts
20:07 The Challenges of Vetting Co-Hosts and Property Managers
20:24 Strategies for Success in the Vacation Rental Market
20:51 The Importance of Reviews and Communication in Property Management
22:18 The Process of Interviewing Property Managers
24:44 The Role of Marketing in Property Management
26:55 The Challenges of Large-Scale Property Management
31:35 The Impact of Market Changes on Property Investment
32:42 Strategies for Buying Properties in the Current Market
35:32 The Future of Property Management
Watch this episode on our Youtube Channel Every Tuesday & Friday
https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA
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Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share<sid=660cbc9b-4a7e-4ed9-a654-900180b83af1
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