This episode of STRonomics is proudly sponsored by MarketMySTR.com, the leading marketing platform for STR Industries.

Bill Faeth from Build STR Wealth and Kenny Bedwell from STR Insights discuss the prevalent mistakes in the short term rental industry, specifically overspending on design and poor time management. They also discuss problems from underestimating launching and operational costs, hesitations due to market saturation, and the effects of rising interest rates. The hosts emphasize the importance of meticulous underwriting and property identification processes. They also share information about their paid and free options to help individuals avoid and mitigate these common mistakes.

00:00 Introduction and Welcome

00:54 Discussing the Biggest Mistakes of 2023

01:06 Overspending on Design and Decor

01:54 Maximizing Return on Investment

04:36 The Importance of Timing

09:08 The Role of the Banker in the Process

10:21 Avoiding Saturation and Finding Opportunities

17:08 Understanding the True Costs of Running a Short Term Rental

22:06 The Importance of Due Diligence and Research

22:28 Conclusion and Final Thoughts

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Watch this podcast each Thursday on our YouTube Channel: https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA

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Instagram: Kenny_Bedwell

You can find more of Bill online at:

Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1

Build STR Wealth: https://buildstrwealth.com/

Instagram: @BillFaeth73

Tik Tok: @bfaeth

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