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 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
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28 Nov 2024TRANSCRIPT
From No Regulation to Complete Ban on STR's
Kenny Bedwell and Bill Faeth discuss how regulatory changes in Buffalo, New York, went from no regulation to complete ban on short-term rentals, emphasizing the need for advocacy and organized resistance to influence city council decisions.
21 Nov 2024TRANSCRIPT
Buying & Selling BnB's Based on Revenue
Bill Faeth and Kenny Bedwell stress the importance of buying properties based on intrinsic value, not inflated revenue, and highlight the need for thorough market analysis and balanced investment approaches.
Inside a recent episode
Where to Invest in 2025
Published 5 Dec 2024 · Transcript excerpt
[…] So you need to think about when you hear Kenny and I talking about markets, it's very similar to trying to get your stock investing advice off of CNBC because that stuff is usually about two to three days behind and you know, the markets have already, you know, taken into account the investing. […]
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