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PODCAST

STRonomics

Bill Faeth & Kenny Bedwell

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

business entrepreneurship

All Episodes

28:29

Everything has Changed.

STRonomics ·

2024/04/25

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 explore effective investment strategies for short-term rental hosts amidst the challenges of increased regulation, market saturation, and rising interest rates. The discussion covers the importance of dynamic pricing, understanding property value within the market, and strategically managing minimum night stays to

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25:42

How to know when you should sell.

STRonomics ·

2024/04/11

This episode of STRonomics is proudly sponsored by MarketMySTR.com, the leading marketing platform for STR Industries.This episode kicks off with a light-hearted anecdote about karaoke, quickly moving into the heart of discussing real estate in the short-term rental (STR) market. The hosts, Bill and Kenny, delve into the complexities of knowing when to sell properties, especially for those who may have overpaid for units in areas like the Smokies in 2021 and are now facing losses. They highlight

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19:27

Increase Revenue Big Time By Niching Down

STRonomics ·

2024/04/04

This episode of STRonomics is proudly sponsored by MarketMySTR.com, the leading marketing platform for STR Industries.In this episode of STRonomics, hosts are joined by Bill Faeth and Kenny Bedwell to explore the importance of niche marketing in the short-term rental (STR) industry. They discuss the success of a Blue Ridge property owner who significantly increased earnings by making her listings the most pet-friendly in the area, showcasing amenities like custom dog biscuits and a pet souvenir

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26:49

Boosting ADR vs. Maximizing Occupancy

STRonomics ·

2024/03/28

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 dive into the topic of how certain property amenities, like coffee bars, murals, bikes, and air conditioning, impact rental properties' Average Daily Rate (ADR) and occupancy rates. Kenny shares insights from his experience and observations from different markets, emphasizing that while certain amenities may not

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24:09

Biggest Mistakes in 2023 Not To Repeat in 2024

STRonomics ·

2024/03/07

This episode of STRonomics is proudly sponsored by MarketMySTR.com, the leading marketing platform for STR Industries.Bill Faeth from Build STR Wealth and Kenny Bedwell from STR Insights discuss the prevalent mistakes in the short term rental industry, specifically overspending on design and poor time management. They also discuss problems from underestimating launching and operational costs, hesitations due to market saturation, and the effects of rising interest rates. The hosts emphasize the

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19:11

Should you trust your agent?

STRonomics ·

2024/02/29

This episode of STRonomics is proudly sponsored by MarketMySTR.com, the leading marketing platform for STR Industries.In this episode of STRonomics, Bill Faeth and Kenny Bedwell discuss the role of real estate agents in the short-term rental property market. They argue that while agents can provide valuable services such as drawing up contracts and giving insights on concessions, potential investors cannot rely solely on agents' revenue projections. This is because the successful hosting of a

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20:47

Location. Location. Location.

STRonomics ·

2024/02/24

This episode of STRonomics is proudly sponsored by MarketMySTR.com, the leading marketing platform for STR Industries.In this episode of STRonomics, the hosts discuss the importance of location in the success of short-term rental (STR) properties. Their guest, Kenny Bedwell, shares his firsthand experiences with his STR property in Watkins Glen, New York, and how he sets his property apart via unique amenities, such as a newly installed movie theater room. They emphasize the importance of

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22:59

How to Rank #1 on Airbnb in 2024

STRonomics ·

2024/02/01

This episode of STRonomics is proudly sponsored by MarketMySTR.com, the leading marketing platform for STR Industries. In this episode, industry experts Bill Faeth and Kenny Bedwell discuss strategies to stay ahead in the short-term rental market amid increasing regulations, market saturation, and rising interest rates. They share insights on investment trends, marketing tools and platform 'Market My STR'. They also discuss factors that impact Airbnb rankings, emphasizing the importance of listing

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22:13

Why Investable Markets Shift Quickly

STRonomics ·

2024/01/25

This episode of STRonomics is proudly sponsored by MarketMySTR.com, the leading marketing platform for STR Industries. In this episode of STRonomics, Bill Faeth and Kenny Bedwell discuss the impact of increasing regulation, market saturation, and rising interest rates on short-term rentals investment. They shed light on the importance of staying ahead of the curve and being able to identify trends before they happen. They also delve into the key features of 'Market My STR', a comprehensive

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21:06

Don't Bank on the Future

STRonomics ·

2024/01/18

This episode of STRonomics is proudly sponsored by MarketMySTR.com, the leading marketing platform for STR Industries. In this episode of STRonomics, industry experts Bill Faeth and Kenny Bedwell discuss how to stay ahead of the curve in short-term rental investments amidst increasing regulation, market saturation, and rising interest rates. They caution against banking on future predictions like cost segregation bills or interest rates, stressing the importance of making informed, data-driven

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22:11

Top Markets To Invest In

STRonomics ·

2024/01/11

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 of

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17:33

2024 Predictions

STRonomics ·

2024/01/04

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 in

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20:54

Unpacking the Pumpkin Plan

STRonomics ·

2023/12/28

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 are

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26:19

Deep Dive Into "Real" Market Analysis

STRonomics ·

2023/12/21

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 significance

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27:28

Rankings and Revenue Management

STRonomics ·

2023/12/14

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

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26:36

Why Before The Why

STRonomics ·

2023/12/07

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 confidence

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22:23

Finding Big Deals

STRonomics ·

2023/11/30

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

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22:28

How To Attract Off Season Guests

STRonomics ·

2023/11/23

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

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19:33

Is It Better To Buy Smaller or Larger Properties

STRonomics ·

2023/11/16

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

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21:02

Underwriting Properties In Today's Volatile Climate

STRonomics ·

2023/11/09

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%

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