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STRonomics

STRonomics

Written by: Bill Faeth & Kenny Bedwell
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Increasing regulation, market saturation, and rising interest rates... Still think short term rentals make sense? You're not alone. Join industry experts Bill Faeth, successful STR host and investor, and Kenny Bedwell, founder of STR Insights and data junky, as they discuss how you can invest in this lucrative industry while still staying ahead of the curve, identifying trends before they happen - or blowing them outright with their own insights! The short term rental industry is booming and there are many benefits to investing in this type of property. Whether you’re a first-time investor or looking for your next investment, we have insights that will help guide the way forward!Build STR Wealth & Hospitality.FM Economics Leadership Management & Leadership
Episodes
  • Where to Invest in 2025

    Where to Invest in 2025
    Dec 5 2024
    Bill and Kenny discuss investment strategies for 2025, starting with a critical evaluation of Asheville, North Carolina. The experts suggest that the market is becoming overly competitive, requiring significant investment to stay ahead. They stress the importance of niche markets and unique amenities to stand out. Kenny shares a unique investment idea involving swingers' retreats and discusses the performance of such niches in various locations. They explore the balance between budget and necessary amenities, citing the need for substantial investments in property improvements. Bill and Kenny highlight early market entry as crucial for long-term success and suggest avoiding markets saturated with high competition and extensive amenities. They recommend focusing on emerging markets with potential for unique property features. Three markets are identified as promising for 2025: Keystone, South Dakota; Berkeley Springs, West Virginia; and Bar Harbor, Maine. Each market has specific advantages and budget considerations. They conclude by emphasizing the need to stay informed and adapt strategies to evolving market conditions. The episode wraps up with a teaser on an upcoming annual report and encourages listeners to subscribe for more insights. https://www.marketmystr.com/ 00:00 Introduction to STRonomics 00:28 Market My STR: The Ultimate Marketing Platform 01:26 Where to Invest in 2025: Expert Insights 03:02 The Importance of Niches in Short Term Rentals 05:06 Investing Strategies and Market Analysis 10:41 Top Markets to Watch in 2025 19:04 Conclusion and Final Thoughts 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: 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
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    19 mins
  • From No Regulation to Complete Ban on STR's

    From No Regulation to Complete Ban on STR's
    Nov 28 2024
    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 STRonomics 00:28 Market My STR: The Ultimate Marketing Platform 01:26 The Reality of Short-Term Rental Regulations 02:08 Kenny's Buffalo Experience 03:37 The Importance of Advocacy 05:26 Lessons from Uber's Strategy 08:32 Investing Strategies Amidst Regulation 15:58 Final Thoughts and Farewell 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: 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
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    16 mins
  • Buying & Selling BnB's Based on Revenue

    Buying & Selling BnB's Based on Revenue
    Nov 21 2024
    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 Rentals 00:26 Welcome to STRonomics 00:28 Market My STR: The Ultimate Marketing Platform 01:26 Discussion: Buying and Selling Short Term Rentals 02:46 Real Estate Valuation and Investment Strategies 08:34 Impact of External Events on Investments 15:48 Conclusion and Final Thoughts 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: 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
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    16 mins
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