Investment strategies for 2025 take center stage, with Asheville as a case study on market saturation. The hosts highlight the potential of niche markets, including unique ideas like swingers' retreats. They emphasize early market entry to capitalize on emerging opportunities while avoiding heavily saturated areas. Promising locations identified for investment include Keystone, South Dakota; Berkeley Springs, West Virginia; and Bar Harbor, Maine. Budget considerations and the need for property enhancements are crucial for success, especially near tourist attractions.

Kenny shares his personal experience with regulatory changes in Buffalo, New York, which went from no regulation to a complete shutdown of non-owner-occupied short-term rentals. Bill and Kenny discuss the importance of having a seat at the table for advocacy prior to regulatory changes, drawing parallels to the rise of Uber. They emphasize the need for organized resistance early on to influence city council decisions. Regulation is identified as a major threat to the industry, impacting investment strategies. Bill shares his approach of investing in markets with established regulations or those where tourism is a significant income source. They caution against investing in politically volatile areas and stress researching political climates when choosing markets. The hosts also highlight the rise of tourism in tertiary communities around urban centers as an opportunity. They conclude by urging listeners to prepare for long-term changes in the industry and consider advocacy seriously.https://www.marketmystr.com/00:00 Introduction to STRonomics00:28 Market My STR: The Ultimate Marketing Platform01:26 The Reality of Short-Term Rental Regulations02:08 Kenny's Buffalo Experience03:37 The Importance of Advocacy05:26 Lessons from Uber's Strategy08:32 Investing Strategies Amidst Regulation15:58 Final Thoughts and FarewellWe 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/UCnheh3vx0hT5Y7uHWhBs8kASTR Data Hosts Facebook PageInstagram: Kenny_BedwellYou can find more of Bill online at:Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1Build STR Wealth: https://buildstrwealth.com/Instagram: @BillFaeth73Tik Tok: @bfaeth Learn more about your ad choices. Visit megaphone.fm/adchoices

Bill and Kenny highlights the importance of buying properties based on their intrinsic value rather than inflated revenue figures. Kenny Bedwell criticizes realtors who sell properties based on gross income rather than actual value and cautions against over-reliance on revenue projections. They stress that banks do not view single-family homes as commercial assets and will not provide loans based on cap rates. Faith and Bedwell advise potential investors to base their decisions on comparable market values and to be realistic about their revenue projections. They also discuss the risks of Black Swan events, such as natural disasters, affecting property value and revenue. The episode underscores the need for thorough market analysis and consideration of appreciation rates. Both hosts advocate for a balanced investment approach, considering cash flow, tax savings, appreciation, and principal paydown. They warn that relying solely on revenue can lead to overpaying and financial difficulties if the market shifts. The hosts share their experiences and emphasize the vital role of property appraisals in making sound investment decisions. They highlight the resilience of tourism markets in affected areas as potential investment opportunities. The episode concludes with advice on how to navigate revenue volatility and highlights the importance of having a solid investment strategy. The hosts encourage listeners to be honest with themselves about their capabilities and to rely on trusted data sources like AirDNA and STR Insights. They sign off by reminding investors to make informed decisions and prepare for both market opportunities and setbacks.https://www.marketmystr.com/00:00 Introduction: Challenges in Short Term Rentals00:26 Welcome to STRonomics00:28 Market My STR: The Ultimate Marketing Platform01:26 Discussion: Buying and Selling Short Term Rentals02:46 Real Estate Valuation and Investment Strategies08:34 Impact of External Events on Investments15:48 Conclusion and Final ThoughtsWe 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/UCnheh3vx0hT5Y7uHWhBs8kASTR Data Hosts Facebook PageInstagram: Kenny_BedwellYou can find more of Bill online at:Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1Build STR Wealth: https://buildstrwealth.com/Instagram: @BillFaeth73Tik Tok: @bfaeth Learn more about your ad choices. Visit megaphone.fm/adchoices

Bill and Kenny emphasize the importance of having a game plan when purchasing properties and qualifying them for material participation. They discuss the need to focus on value additions and timely refreshes to maintain property appeal. The conversation includes tax strategies, particularly around cost segregation and the potential benefits of expensing renovations in the year of purchase. The hosts provide examples from their experiences, such as managing operations during off-seasons and effectively scheduling and budgeting for property upgrades. They stress the importance of execution and planning in achieving successful short-term rental investments. The episode concludes with advice on maximizing property profitability and leveraging tax codes, along with a reminder to subscribe for more valuable insights.https://www.marketmystr.com/00:00 Introduction: The Challenges Facing Short-Term Rentals00:11 Meet the Experts: Bill Faieh and Kenny Bedwell00:28 MarketmySTR: The Ultimate Marketing Platform01:26 Welcome Back to STRonomics01:51 Post-Costing Season: What's Next?02:46 Steps to Success: Setting Up Your Property05:08 Understanding Cost Segregation and Material Participation06:42 Tax Strategies and Renovation Tips13:51 The Importance of Refreshing Your Property18:06 Conclusion: Long-Term Planning and Tax StrategiesWe 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/UCnheh3vx0hT5Y7uHWhBs8kASTR Data Hosts Facebook PageInstagram: Kenny_BedwellYou can find more of Bill online at:Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1Build STR Wealth: https://buildstrwealth.com/Instagram: @BillFaeth73Tik Tok: @bfaeth Learn more about your ad choices. Visit megaphone.fm/adchoices

Explore the intricate world of short-term rentals, as the hosts tackle the impact of rising regulations and interest rates. Learn the art of accurate underwriting, addressing common mistakes that can derail financial success. They stress the importance of realistic revenue expectations and data-driven financial forecasting. Adaptability in fluctuating markets and aligning investments with personal goals are emphasized, offering valuable insights for both newcomers and seasoned investors.

Explore the challenges in the short-term rental market, such as rising regulations and saturation. Discover how investing in unique amenities, like pickleball courts and saunas, can enhance guest experiences. Learn about the importance of understanding your target market and gathering guest feedback. Gain insights into effective marketing strategies and why small additions, like USB chargers and coffee bars, can have a big impact. Navigate the fatigue of similar listings to stand out and appeal to health-conscious guests with wellness amenities.

This discussion dives into the intricate challenges of the short-term rental market, like rising regulations and market saturation. It makes a strong case for hiring professional revenue managers, emphasizing their role in maximizing profits through strategic pricing. The importance of building positive relationships within Airbnb management is highlighted, along with practical tips for selecting the right revenue manager. Finally, the conversation addresses common psychological barriers hosts face when considering outsourcing revenue management.

Explore the hurdles that short-term rental investors face, including new regulations and market saturation. Delve into the debate of whether to buy now or wait, emphasizing the importance of acting swiftly on good deals. Get insights on navigating the changing real estate landscape post-pandemic, including pricing strategies based on current data. Discover the disconnect between luxury developments and everyday vacationers, along with design tactics that can enhance property value. Stay adaptable in this competitive market!

Bill and Kenny dive into the nuances of preparing for the shoulder season in the short-term rental market. They highlight the importance of understanding booking lead times, optimizing pricing well in advance, and adapting strategies based on market demands. Bill and Kenny discuss their personal approaches to transitioning from peak summer seasons and how to prepare properties for fall and winter. They also emphasize the significance of price sensitivity, elasticity, and the role of amenities in booking success. The episode aims to provide hosts with actionable insights to stay ahead and maximize their rental revenue year-round.https://go.buildstrwealth.com/tour00:26 Welcome Back to STRonomics00:43 Preparing for the Shoulder Season03:36 Optimizing Pricing Strategies07:22 Importance of Seasonal Amenities13:05 Working with Revenue Managers17:02 Conclusion and Final ThoughtsWe 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/UCnheh3vx0hT5Y7uHWhBs8kASTR Data Hosts Facebook PageInstagram: Kenny_BedwellYou can find more of Bill online at:Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1Build STR Wealth: https://buildstrwealth.com/Instagram: @BillFaeth73Tik Tok: @bfaeth Learn more about your ad choices. Visit megaphone.fm/adchoices

Bill and Kenny discuss the impact of increasing regulation, market saturation, and rising interest rates on short-term rental investments. They introduce the upcoming STR Scale Summit, a free virtual conference on August 16th and 17th, featuring over a dozen industry experts on topics like marketing, taxes, design, revenue management, and more. The episode emphasizes the importance of attending this summit for valuable insights and actionable strategies to stay ahead in the competitive short-term rental market.https://strscalesummit.com/https://go.buildstrwealth.com/tour00:26 Welcome Back to STRonomics00:43 Introducing the STR Scale Summit02:32 Meet the Speakers and Topics10:04 Why Attend the STR Scale Summit?14:24 Preparing for the Shoulder Season15:12 Conclusion and Final ThoughtsWe 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/UCnheh3vx0hT5Y7uHWhBs8kASTR Data Hosts Facebook PageInstagram: Kenny_BedwellYou can find more of Bill online at:Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1Build STR Wealth: https://buildstrwealth.com/Instagram: @BillFaeth73Tik Tok: @bfaeth Learn more about your ad choices. Visit megaphone.fm/adchoices