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-defined marketing plan, an ordinary property may struggle when Fall 2023 arrives. Don't succumb to negative scenarios; instead, seize the opportunity to enhance your short-term rental business by absorbing the valuable insights presented by Bill and Kenny in this succinct episode of STRonomics!
[00:03] Introducing STRonomics
[00:26] Why We Forcast Future Revenues
[1:20] Models
[3:45] How Do I Do It?
[5:20] Where Do I Find This?
[8:10] Market Saturation Level
[10:43] Occupancy
[12:00] 2024 Forecasting
[20:50] No Crystal Ball
[22:45] Marketability of Property
[25:50] Taking All Variables In
[27:37] In Closing
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Navigating the Future of Short-Term Rentals
Do This Before You Buy Your First Airbnb!
How We Balance STR's-Work-Family and Faith
Opportunity Cost Lost by Crazy Fees
How to find properties that cash flow $50K+
Everything has Changed.
How to know when you should sell.
Increase Revenue Big Time By Niching Down
Boosting ADR vs. Maximizing Occupancy
Biggest Mistakes in 2023 Not To Repeat in 2024
Should you trust your agent?
Location. Location. Location.
How to Rank #1 on Airbnb in 2024
Why Investable Markets Shift Quickly
Don't Bank on the Future
Top Markets To Invest In
2024 Predictions
Unpacking the Pumpkin Plan
Deep Dive Into "Real" Market Analysis
Rankings and Revenue Management
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