This episode of STRonomics is proudly sponsored by MarketMySTR.com, the leading marketing platform for STR Industries.Diving into the latest episode of STRonomics: Join hosts Bill and Kenny as they unveil their cutting-edge techniques for transforming regular properties into extraordinary Super Properties.  Discover the true essence of luxury beyond market trends. Learn how to craft meticulous master plans that breathe new life into properties, from subtle additions like plush pillows per bed to grander features like indulgent hot tubs.  Stay tuned as Bill and Kenny share the secret to strategically enhancing properties in phases while maximizing value.  And don't miss their insights on understanding the 'why' behind each upgrade, enabling you to market and showcase your property seamlessly to potential guests.  Tune in now to elevate your property game![00:03] Introducing STRonomics[01:00] The Market[02:17] What is A Super Property?[07:35] Having A Master Plan[09:30] Financing[10:20] Adding in Phases[12:25] Bella Vista Property[13:20] Making it POP[17:15] Positive ROI[19:30] Montana House[21:26] Why It's Being Done[22:20] Wrapping UpWatch 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

This episode of STRonomics is proudly sponsored by MarketMySTR.com, the leading marketing platform for STR Industries.In this week's episode of STRonomics, Bill and Kenny delve into their strategies for securing more fall bookings while effectively managing their time through the use of Virtual Assistants (VAs). They discuss their ongoing and upcoming endeavors, highlighting the role of VAs in their operations.Emphasizing their experience with VAs, Bill, and Kenny reveal a crucial insight they've gained over time: the effectiveness of specialized expertise. They recognize that a top-tier VA is one who excels in a specific area rather than attempting to master every task. By identifying tasks that are repetitive yet necessary, they've optimized their approach by entrusting these responsibilities to dedicated professionals, thus liberating their own time.The discussion extends to the approach they advocate for the fall season. Bill and Kenny advocate for a comprehensive evaluation of ongoing tasks and their outcomes. They stress the importance of introspection to ensure that essential goals are being achieved. A significant portion of the conversation revolves around their meticulous exploration of available VAs. By researching extensively, they've discovered VAs capable of not only streamlining tasks but also freeing them to focus on critical 'CEO' decisions, removing concerns about intricate aspects like Booking Lead Time.Throughout the episode, the duo underscores the significance of preparedness as autumn and winter approach. Time emerges as a finite resource, particularly for capitalizing on market opportunities influenced by economic fluctuations. They emphasize the necessity of integrating VAs seamlessly into one's bustling business to pave the way for future success and growth. The episode resonates with the message that the investment in VAs today translates into invaluable dividends down the line.We 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/ Bill and Kenny will also be hosting a virtually free training course scheduled for Wednesday, Aug 23, 2023, at 3 PM EST. In this session, they will share comprehensive guidance on locating VAs, vetting them effectively, and training them for specific tasks. Attendees will have the opportunity to ask questions and gain expert opinions from both Bill and Kenny, making this training a must-attend event for anyone seeking to optimize their business with virtual assistants. Mark your calendars and don't miss out on this invaluable opportunity! Click this link to sign up for the training> https://tinyurl.com/nhhb2k3u[00:03] Introducing STRonomics[01:30] Managing Your VAs[07:41] Hiring Specialists[08:25] Identity Genius Zone[10:35] Tasks Given to VAs[17:20] Doing Your Research[20:30] VA in Marketing[22:42] Are You Doing Everything?[23:10] Starting Now[24:00] Booking Lead Time[25:00] Taking Action[26:35] Gulf Shores, Alabama[28:50] You Need Some Help[29:40] Wrapping UpWatch 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

Experts discuss the risks of using a HELOC without careful consideration, emphasizing the need for financial stability and planning. They highlight the importance of savings, safe investments, and having a backup plan. The speakers promote financial discussions and urge listeners to share the episode.

This episode of STRonomics is proudly sponsored by MarketMySTR.com, the leading marketing platform for STR Industries.In the latest episode of STRonomics, Bill and Kenny delve into the world of virtual assistants (VAs) and reveal how these valuable assets can handle your tasks and enable you to make CEO-level decisions.During the discussion, they emphasize the importance of evaluating your day-to-day schedule to identify tasks that can be efficiently delegated to skilled workers. They share their insights on vetting VAs and stress the significance of assigning specific tasks to each VA. Understanding that not every VA can handle all the required tasks, they advise hiring professionals in different fields to ensure you have experts assisting in your business growth.Furthermore, Bill and Kenny elaborate on their preferred platforms for finding VAs and discuss the benefits of having dedicated VAs for specific tasks versus having others who can assist in multiple areas. Additionally, they address concerns about VAs working for other individuals and whether that should be a point of worry.Excitingly, they announce a virtually free training course scheduled for Wednesday, Aug 23, 2023, at 3 PM EST. In this session, they will share comprehensive guidance on locating VAs, vetting them effectively, and training them for specific tasks. Attendees will have the opportunity to ask questions and gain expert opinions from both Bill and Kenny, making this training a must-attend event for anyone seeking to optimize their business with virtual assistants. Mark your calendars and don't miss out on this invaluable opportunity! Click this link to sign up for the training> https://tinyurl.com/nhhb2k3u[00:03] Introducing STRonomics{01:10] Virtual Assistants[02:55] Marketing Agency[05:30] What Do You Do Daily/Weekly[07:00] Vetting a VA[12:10] Secret Sauce[16:26] Finding Good VAs[18:50] VA Reporting[19:48] One VA[21:15] Recap[22:00] Working for Other People[24:47] Training Course for VAs[25:30] Wrapping UpWatch 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

This episode of STRonomics is proudly sponsored by MarketMySTR.com, the leading marketing platform for STR Industries.In the latest installment of STRonomics, Kenny takes the reins as Bill is away, and delves into the four crucial keys for achieving success with short-term rentals.First and foremost, Kenny emphasizes the paramount importance of the property's location. It's not merely about the city; proximity to popular attractions can be a game-changer, significantly influencing the rental's desirability.Next, he highlights the significance of impeccable interior and exterior design. While interior modifications can be transformative, neglecting the curb appeal of the exterior can adversely affect the rental's chances of success.Furthermore, Kenny stresses the value of crafting an exceptional interior design that aligns with the preferences of the target clientele. Meeting their expectations and desires can lead to increased bookings and satisfied guests. He also underscores the value of adding amenities to the property when necessary, enhancing its overall appeal.Lastly, the episode concludes with Kenny advocating thorough market research before diving into the business. Analyzing competitors and understanding the required investments in design, location, and exterior upgrades are vital steps towards becoming the best in the area.Tune in to this episode of STRonomics to discover the secrets to prosperous short-term rentals.[00:03] Introducing STRonomics{01:33] Markets Down[03:17] First Key: Location[05:45] The Smokies[07:45] Mountain Market Story[09:50] Second Key: Interior & Exterior Quality[12:15] Third Key: Design & Decor[13:40] ROI on Decor[16:27] Fourth Key: Value Adds[17:13] Kentucky Property[17:43] Swimming Pool[21:56] Strategy[23:34] Studying A Market[26:10] Wrapping UpWatch 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

This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.In the latest episode of STRonomics, Bill and Kenny address the trending topic #AirbnbBust and analyze whether there's any cause for concern.They focus on middle properties, not quite Super Properties, which are experiencing similar challenges to mid-tier businesses in America. They reveal compelling statistics on three-bedroom, two-bath properties and how a single adjustment can significantly boost bookings.New investors receive invaluable advice on understanding guest travel habits for a successful venture. This jam-packed episode is a must-watch for anyone interested in the short-term rental market, with insightful analysis and actionable insights from Bill and Kenny. Don't miss out! Tune in now![00:03] Introducing STRonomics{00:38] Fear Mongering[02:25] Is It Dead? Or Corrected?[03:24] Cryptocurrency[04:43] The Middle Squeeze[06:00] Smooth Revenue Appreciation[09:15] Treat Like A Business[10:35] Airbnb Bust?[12:20] The Three Twos[16:40] How Is A Market Saturated?[22:25] New Investors[25:10] Audit of Financials[27:40] In ClosingWatch 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

This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.In the latest episode of STRonomics, Bill and Kenny dive into their approach to forecasting future revenue in a dynamic market. They explore various strategies for analyzing their properties, such as evaluating market saturation levels and closely monitoring consumer spending as an indicator of future revenue potential. Moreover, they emphasize the paramount significance of marketability. Without a well-defined marketing plan, an ordinary property may struggle when Fall 2023 arrives. Don't succumb to negative scenarios; instead, seize the opportunity to enhance your short-term rental business by absorbing the valuable insights presented by Bill and Kenny in this succinct episode of STRonomics![00:03] Introducing STRonomics[00:26] Why We Forcast Future Revenues[1:20] Models[3:45] How Do I Do It?[5:20] Where Do I Find This?[8:10] Market Saturation Level[10:43] Occupancy[12:00] 2024 Forecasting[20:50] No Crystal Ball[22:45] Marketability of Property[25:50] Taking All Variables In[27:37] In ClosingWatch 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

This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.On this week's episode of STRonomics, Bill and Kenny delve into the important topic of when and how to decide whether to sell your property. They discuss the significance of forecasting your property's cash flow over the next seven months as a determining factor in the selling decision. How understanding your life plan becomes crucial in guiding you toward the appropriate choice. Additionally, they highlight the impact of knowing what to do after a sale, as it can greatly influence your rate of future success. You can’t afford to miss this episode![00:03] Introducing STRonomics[01:33] Pivoting[2:00] Auditing Your Property[2:56] Beach Mountain Home[4:40] My Life-Long Plan[9:30] Personal Financial Decision[13:05] What to Do After You Sell?[15:54] Forecasting Cash Flow[21:40] In ClosingWatch 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

This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.On STRonomics this week Kenny & Bill talk about the value of high-quality photos and staging and how it directly correlates to increases in revenue. They discuss the importance of marketing your amenities correctly and the data behind poorly taken photos. If you are losing money this summer, this episode is for you![00:03] Introducing STRonomics[00:45] Losing 3K a Month[02:08] Can You Optimize Your Listing?[03:11] Saturated Market[03:45] Financial Analysis of Property[04:50] Quality of Your Images[07:16] Calculating the Value of Amenities[10:49] Photo Impact on Revenue[14:35] Visualizing Marketing for Your Property[15:00] Getting the BEST Photographer[16:15] Educate Your Photographer[19:13] How Do I Stand Out?[20:32] Closing RemarksWatch 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

This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.On STRonomics this week, Kenny and Bill dive into additional strategies for cost-cutting with your short-term rental property. They talk about techniques such as maintaining competitive pricing while reducing rates, introducing fresh amenities, emphasizing compelling narratives through your photos, leveraging the power of customer reviews to secure bookings, and implementing savvy cost-trimming measures to maximize yearly savings. You won’t want to miss this episode![00:03] Introducing STRonomics[01:03] Bookings Down[03:00] Lowering Your Pricing[06:25] Hot Tub Numbers[08:45] Telling a Story With Photos[12:25] Focusing on Reviews[17:23] Auditing Your Expenses[19:44] Summary of the Last Two Episodes[21:25] In ClosingWatch 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