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 STRUnfiltered, host Bill Faeth, explores revenue maximization for short-term rental property owners. Bill emphasizes the need for tactical preparation ahead of the summer booking season, shares his expertise in high-demand property management, and sheds light on ideal revenue management strategies. He also gives actionable tips to property owners on upgrading property profiles to increase booking chances and price margins, with a specific focus on the summer seasons. In addition, Bill delivers a stern warning for those looking to buy properties, alerting them of an imminent Federal Reserve rate cut which could increase competition and property prices. Lastly, the host calls for feedback and reviews on various podcast platforms and offers his assistance through email and social media channels.

00:01 Introduction and Holiday Recap

00:35 Importance of Summer Booking Season

01:47 Revenue Management and Listing Optimization

03:24 Understanding Booking Lead Time

04:09 Maximizing Rates and Annual Revenue

08:20 Importance of Property Maintenance and Upgrades

13:09 Customer Retention and Direct Booking

15:16 Real Estate Market Predictions for 2024

16:17 Conclusion and Contact Information

Watch this episode on our Youtube Channel Every Tuesday & Friday

https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA

The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508

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

Learn more about your ad choices. Visit megaphone.fm/adchoices