This episode of STRonomics is proudly sponsored by MarketMySTR.com, the leading marketing platform for STR Industries. Link to PDF: https://www.strinsights.com/top-investable-short-term-rental-markets-2024-report In this episode of STRonomics, Kenny and Bill share details about the new 'Investable Markets PDF'. The report is a comprehensive analysis of the best markets for investment in the vacation rental industry. They discuss the methodology behind the report, which emphasizes the importance ...
Jan 11, 2024•22 min•Ep. 79
This episode of STRonomics is proudly sponsored by MarketMySTR.com, the leading marketing platform for STR Industries. In this episode of STRonomics, hosts Bill Faeth and Kenny Bedwell discuss the outlook for short term rental investors in 2024. They reckon that the future market performance largely hinges on factors like interest rates, the economy, and election outcomes. They also highlight how booking lead times seem to be slowly increasing in the US, evidencing a gradual return to normalcy i...
Jan 04, 2024•18 min•Ep. 78
This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform. In this episode of STRonomics, hosts discuss the business strategy called 'The Pumpkin Plan' and its application in the Short-Term Rental (STR) business. The hosts analyze the strategy that starts from selecting the right seeds (properties) to nurturing and growing the business with meticulous care which can be equated to spritzing, ensuring their continuous growth, and killing or trimming away the ones that a...
Dec 28, 2023•21 min•Ep. 77
This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform. In this episode, Bill Faeth and Kenny Bedwell discuss the considerations and strategies when investing in real estate and markets. They explore the importance of understanding the markets, finding value in data and doing thorough research. They caution against solely relying on real estate agents and emphasize the importance of doing one's own due diligence. The conversation also brings to light the significan...
Dec 21, 2023•26 min•Ep. 76
This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform. In this discussion, the hosts dive into key aspects of revenue management in short-term rentals. They emphasize that improvement in conversion rates is the key to maximizing revenue, needing prioritization over high ranking or as many bookings as possible. To maximize conversions, hosts must focus on competitive pricing, listing optimization, and offering the right amenities. Adjusting the pricing strategy acc...
Dec 14, 2023•27 min•Ep. 75
This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform. In this episode of STRonomics, hosts Bill Faeth and Kenny Bedwell, founder of STR Insights, discuss the importance of understanding one's 'why' in the realm of property investment and the role of coaching in their respective careers. They share their personal experiences and motivations, emphasizing the act of giving to enrich others' lives and the fulfillment it brings. They also talk about developing confide...
Dec 07, 2023•27 min•Ep. 74
This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform. Watch this podcast each Thursday on our YouTube Channel: https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA STR Data Hosts Facebook Page Instagram: Kenny_Bedwell You can find more of Bill online at: Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share<sid=660cbc9b-4a7e-4ed9-a654-900180b83af1 Build STR Wealth: https://buildstrwealth.com/ Instagram: @BillFaeth73 Tik Tok: @bfae...
Nov 30, 2023•22 min•Ep. 73
This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform. 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 busin...
Nov 23, 2023•22 min•Ep. 72
This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform. 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 busin...
Nov 16, 2023•20 min•Ep. 71
This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform. Topic: Underwriting for Short-Term Rentals: Emphasis on the need for diligent underwriting in the current market. Highlighting the importance of the Debt Service Coverage Ratio (DSCR) in underwriting. Key Takeaways: 1. Proper Underwriting: Overestimating revenue and underestimating expenses can lead to costly mistakes in short-term rental investments. 2. Expense Estimation: Typically, expenses range from 35% t...
Nov 09, 2023•21 min•Ep. 70
This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform. Real estate investing checklist. 0:00 Identify your market and buyer persona to craft an effective offer. Define goals before purchasing a property, says Kenny Bedwell. Investment goals and strategies. 5:46 Kenny emphasizes the importance of understanding personal preferences when investing in STRS, including proximity, seasonality, and lifestyle assets. Kenny also highlights the logical side of investing, inc...
Nov 02, 2023•32 min•Ep. 69
This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform. Kenny and Bill discuss the importance of taking measured steps when investing in short-term rentals (STRs). They share their recent experiences with a new market and offer valuable insights for aspiring STR investors. Here are the key takeaways: Market Research Is Crucial: Before diving into any new market or neighborhood, conduct thorough research. Evaluate the market's potential for short-term rentals, its r...
Oct 26, 2023•25 min•Ep. 68
This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform. 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 busin...
Oct 19, 2023•25 min•Ep. 67
This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform. 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 busin...
Oct 12, 2023•27 min•Ep. 66
In this episode of "STRonomics," hosts Bill Faeth and Kenny Bedwell discuss the opportunities and challenges of investing in urban short-term rentals, particularly in cities like New York and other urban markets. They highlight the key takeaways and insights from their discussion, including the impact of changing regulations, the importance of community sentiment, and the need for advocacy in urban markets. Key Takeaways: Urban Market Attraction: Urban markets offer higher return on investment (...
Oct 05, 2023•23 min•Ep. 65
Bill Faith and Kenny Bedwell, hosts of STRonomics podcast, discuss the importance of choosing the right short-term rental (STR) realtor and when to consider ending that relationship. They highlight the significance of finding an STR realtor who understands the market and the specifics of STR investments. Segment 1: Why Choosing the Right STR Realtor Matters Bill and Kenny emphasize that using a regular realtor for STR investments might not be the best approach. They mention two reputable STR rea...
Sep 28, 2023•26 min•Ep. 64
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/ Watch this podcast each Thursday on our YouTube Channel: h...
Sep 21, 2023•19 min•Ep. 63
This episode of STRonomics is proudly sponsored by MarketMySTR.com, the leading marketing platform for STR Industries. Welcome to another episode of STRonomics! In this episode, hosts Bill and Kenny discuss why relying solely on rent rolls when purchasing an investment property is a mistake. They point out that it's common for properties to be marketed based on a specific rent roll history, but the real potential often lies in property improvements. However, location is absolutely crucial, and t...
Sep 14, 2023•19 min•Ep. 62
This episode of STRonomics is proudly sponsored by MarketMySTR.com, the leading marketing platform for STR Industries. Join Bill and Kenny as they dive into the exciting topic of building new properties versus buying short-term rentals. In this engaging conversation, they explore the dynamics of property development, discussing whether building a property is a feasible option, especially in today's challenging lending environment. They emphasize the importance of crunching the numbers and seekin...
Sep 07, 2023•23 min•Ep. 61
This episode of STRonomics is proudly sponsored by MarketMySTR.com, the leading marketing platform for STR Industries. Join us on this episode of STRonomics as Kenny and Bill delve into their summer experiences and the evolving market landscape. Kenny kicks off by highlighting his new properties and the contrasting demand shift this summer. While the Average Daily Rate (ADR) may have dipped, the remarkable 95% occupancy rate this season, up from last year's 87%, has caught his attention. The con...
Aug 31, 2023•22 min•Ep. 60
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...
Aug 24, 2023•23 min•Ep. 59
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...
Aug 17, 2023•30 min•Ep. 58
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 engage in a candid discussion about their perspectives on Home Equity Line of Credits (HELOCs) and their potential to significantly impact one's investing prowess. They delve into the common practice among investors of utilizing a HELOC by leveraging their primary residence, underlining that while this might seem appealing, it ...
Aug 10, 2023•30 min•Ep. 57
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 th...
Aug 03, 2023•27 min•Ep. 56
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...
Jul 27, 2023•28 min•Ep. 55
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....
Jul 20, 2023•28 min•Ep. 54
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-define...
Jul 13, 2023•31 min•Ep. 53
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 t...
Jul 06, 2023•23 min•Ep. 52
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 List...
Jun 29, 2023•20 min•Ep. 51
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 max...
Jun 22, 2023•22 min•Ep. 50
