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!
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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!
Bill Faeth and Kenny Bedwell tackle the mindset necessary for success in the short-term rental (STR) market, strongly opposing the idea of having a backup plan like midterm or long-term rentals (MTR or LTR). They share insights from their vast experiences, emphasizing going all-in on STRs, even in the face of increasing regulation, market saturation, and rising interest rates. The discussion highlights the differences between STR, MTR, and LTR investments, underlining that properties suitable for short-term rentals typically do not align well with other rental strategies due to location and cost issues. They caution against diluting focus by managing multiple types of rental businesses and share personal anecdotes to illustrate their points. Additionally, the episode features a promotion for Market My STR, a comprehensive marketing platform designed to streamline marketing efforts for short-term rental hosts. The podcast underscores the necessity of total commitment and adequate preparation for potential challenges in the STR market.
This episode of STRonomics is proudly sponsored by MarketMySTR.com, the leading marketing platform for STR Industries.
00:00 Introduction to STRonomics and Market My STR
01:26 Diving Deep: The Backup Plan Debate for STR Investors
03:34 The Risks and Realities of Midterm and Longterm Rentals
11:14 Why Going All-In on STRs is Essential for Success
15:56 The Future of MTRs and the Importance of Commitment
20:07 Closing Thoughts and Call to Action
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Watch this podcast each Thursday on our YouTube Channel: https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA
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STRonomics
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!
