This episode of STRonomics is proudly sponsored by MarketMySTR.com, the leading marketing platform for STR Industries.
In this episode of STRonomics, Bill Faeth and Kenny Bedwell discuss the impact of increasing regulation, market saturation, and rising interest rates on short-term rentals investment. They shed light on the importance of staying ahead of the curve and being able to identify trends before they happen. They also delve into the key features of 'Market My STR', a comprehensive marketing platform designed for short-term rental hosts, discussing how it can streamline marketing efforts, improve hosts' communication with guests, and overall enhance the short-term rental business. The episode also delves into specifics about saturation in markets with examples from Kissimmee to Blue Ridge, and highlights the best strategies for property investment amidst growing market competition.
00:00 Introduction to Short Term Rentals
00:28 The Power of Market My STR
01:26 Behind the Scenes: Outtakes and Insights
01:40 Understanding Market Shifts and Trends
01:50 The Story of Logan, Ohio
02:23 The Importance of Data Analysis in Investment
04:06 The Impact of Market Size on Investment
05:22 The Role of Purchase Price and Revenue in Investment
06:09 The Effect of Market Saturation on Investment
07:38 The Impact of Subdivisions on Market Saturation
09:25 The Importance of Unique Property Features
10:26 The Role of Demand in Investment
16:59 The Importance of Proximity in Investment
19:51 The Key Factors that Shift Markets
21:14 Conclusion: The Importance of Great Photos
We handle the day-to-day tasks of your short-term rental, giving you the freedom to grow your business and focus on the things that matter most. In the dynamic landscape of short-term rentals, success lies in the details. At STR Super VAs, we bring expertise to every facet of your business, ensuring those details are meticulously managed. Click here to learn more about how you can integrate VAs into your business! https://www.strvas.com/
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/
Instagram: @BillFaeth73
Tik Tok: @bfaeth
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