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 boost booking rates and revenue. Insights from their experiences and tips for maximizing occupancy and profit, especially during the off-peak seasons, are shared.
00:00 Navigating the Complex World of Short-Term Rentals
00:28 Introducing Market My STR: The Ultimate Marketing Platform
01:36 Deep Dive into Pricing Strategies for Short-Term Rentals
04:46 Understanding Property Types and Their Impact on Pricing
13:47 The Importance of Tracking and Adjusting Your Pricing Strategy
19:58 Exploring Minimum Night Stays and Their Effect on Bookings
25:46 Tailoring Pricing Strategies to Individual Properties
27:27 Closing Thoughts and Contact Information
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<sid=660cbc9b-4a7e-4ed9-a654-900180b83af1
Build STR Wealth: https://buildstrwealth.com/
Instagram: @BillFaeth73
Tik Tok: @bfaeth
Learn more about your ad choices. Visit megaphone.fm/adchoices
Most Important Investing Data Points
Leveraging High Regulation for Investing
Evaluating Properties That Don’t Have Good Comps
Does being Pet Friendly Make Sense?
Best Markets To Buy In Right Now!
Bill and Kenny's Six Month STR Outlook
Valuing Amenities When Buying A New Property
Top vacation rental markets to invest into today (that nobody is talking about)!
3 massive mistakes investors make when analyzing properties
Why we are no longer investing in these popular vacation rental markets
How we still find excellent cash on cash deals with rising interest rates
Three STR investment strategies no one is talking about
Is the STR Gold Rush over?
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
Organic Marketing Simplified: Master podcast marketing, fuel podcast growth, and make money podcasting!
THE GO BIZ GUY
The Sigma Femme Podcast
The Prof G Pod with Scott Galloway
The Tim Ferriss Show