STRonomics How to find the best STR Realtor & When to fire them
Bill Faith and Kenny Bedwell, hosts of STRonomics podcast, discuss the importance of choosing the right short-term rental (STR) realtor and when to consider ending that relationship.
They highlight the significance of finding an STR realtor who understands the market and the specifics of STR investments.
Segment 1: Why Choosing the Right STR Realtor Matters
- Bill and Kenny emphasize that using a regular realtor for STR investments might not be the best approach.
- They mention two reputable STR realtors, Avery and Tyler Kuhn, and the importance of finding agents with experience in the STR market.
- Kenny talks about STR Insights and how it helps investors find vetted realtors in various markets to facilitate property searches.
- The hosts discuss the common challenge of finding reliable resources when investing in unfamiliar markets.
Segment 2: What Makes a Great STR Realtor
- Kenny explains that a great STR realtor should not only have experience but should also understand how STR properties work and generate income.
- Bill emphasizes the significance of finding an STR realtor who owns or at least manages STR properties.
- They share anecdotes about their experiences with realtors who didn't fully understand the STR market and its nuances.
Segment 3: Due Diligence and Community Sentiment
- Kenny advises investors to perform due diligence, not solely relying on their realtor's recommendations.
- They stress the importance of verifying regulations and community sentiment independently.
- Bill shares his experience of almost buying a property without verifying local regulations.
Segment 4: When to Consider Firing Your STR Realtor
- Bill and Kenny suggest that if an STR realtor doesn't make you feel like a priority or isn't catering to your needs, it might be time to consider parting ways.
- They discuss the exclusivity agreements some realtors ask for and advise against signing them.
- Bill recommends trusting your gut feeling and leaving the relationship when it no longer feels right.
- They emphasize the importance of setting clear expectations with your realtor from the beginning.
Conclusion:
- Bill and Kenny encourage listeners to leave reviews for their podcast on various platforms.
- They invite the audience to return for the next episode and thank them for tuning in to STRonomics.
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Watch this podcast each Thursday on our YouTube Channel: https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA
Instagram: Kenny_Bedwell
You can find more of Bill online at:
Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share<sid=660cbc9b-4a7e-4ed9-a654-900180b83af1
Build STR Wealth: https://buildstrwealth.com/
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