StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi!

This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.

In this episode of STR Unfiltered, host Bill Faeth discusses the concept of sharing knowledge openly within the industry. He emphasizes that there are no real secrets left, advocating for a culture of generosity. Bill discusses the importance of understanding the dynamics of the market, including fluctuations and saturation. He highlights the difference between 'saturated' markets and bedroom counts in sub-markets, and sharing why individual properties should be the focus of investment, not markets as a whole. Bill provides his insights into finding profitable investments, including understanding regulations, analyzing proximity and views, and utilizing suitable perfomas. He touches upon the significance of location, suggesting that investors focus more on the property's appearance and its proximity to attractions. Bill lists some currently strong markets including Hot Springs, Arkansas and Asheville, North Carolina, and focuses on Banner Elk as an ideal micro-market. He wraps up the episode by urging listeners to get better at analyzing deals, negotiating with banks and sellers, and maximizing marketing and revenue management.