This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.
In this episode, Bill Faeth and Kenny Bedwell discuss the considerations and strategies when investing in real estate and markets. They explore the importance of understanding the markets, finding value in data and doing thorough research. They caution against solely relying on real estate agents and emphasize the importance of doing one's own due diligence. The conversation also brings to light the significance of identifying underserved markets with quality hosts, considering hosting quality and location within markets, understanding market ratings, and assessing the cost and barrier of entry. The duo also touches on the concept of 'traffic drivers' in determining investment opportunities.
00:02 Introduction and Welcome
00:40 Understanding Real Market Analysis
01:18 Defining the Process of Evaluating a Market
02:18 The Role of Lifestyle and Financial Decisions in Market Analysis
03:10 The Importance of Market Research
06:52 The Power of Connections and Deep Research in Market Analysis
08:57 The Impact of Market Changes on Investment Decisions
19:10 The Role of Data in Market Analysis
22:24 Understanding the Importance of Hosting Quality
26:04 Conclusion and Wrap Up
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STRonomics