STRonomics Hospitality.FM

Bill Faeth and Kenny Bedwell dive into the evolving landscape of short-term rentals (STRs), discussing the impact of increasing regulations, market saturation, and rising interest rates on investing strategies. They explore the importance of staying ahead by identifying trends and leveraging insights to optimize investments. The episode features a broader discussion on investment strategies, highlighting the shift from a buy-and-hold mentality to more dynamic approaches, emphasizing the need for investors to adapt their strategies in response to market changes for sustainable success. The hosts also discuss the critical roles of revenue management, marketing, design, and underwriting in achieving profitability and growth in the STR market. They stress the necessity of treating short-term rental investments as a business, utilizing technology, and possibly outsourcing specialized tasks to navigate the competitive and maturing landscape of the industry successfully.

This episode of STRonomics is proudly sponsored by MarketMySTR.com, the leading marketing platform for STR Industries.

00:00 Welcome to STRonomics: Navigating the Future of Short Term Rentals
00:28 Introducing Market My STR: Your All-in-One Marketing Solution
01:26 Diving Deep into the Future of Short Term Rentals
01:34 Investment Strategies and Market Insights for STR Owners
07:50 The Importance of Revenue Management and Marketing in STR Success
17:55 Embracing Technology and AI for Future STR Growth
20:48 Concluding Thoughts on the Bright Future of STRs

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&ltsid=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

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 delve into the complexities of investing in short term rentals given the current challenges of increasing regulation, market saturation, and rising interest rates. They provide insights on staying ahead of investment trends and offer practical advice for both new and seasoned investors, including the importance of understanding financing options, the significance of properly budgeting for property acquisition and preparation, and strategic considerations for property selection based on personal financial situations. The episode also highlights the role of Market My STR, a comprehensive marketing platform aimed at simplifying and boosting the marketing efforts of short term rental hosts. Throughout the discussion, the hosts emphasize the need for thorough preparation, from financing to property selection, in order to achieve success in the short term rental market.

00:00 Welcome to STRonomics: Navigating the Short Term Rental Market
00:28 Introducing Market My STR: Your All-in-One Marketing Solution
01:26 The First Steps in Short Term Rental Investment: Expert Advice
01:45 Understanding Lending Options: A Deep Dive with Industry Insiders
07:08 The Importance of Knowing Your Financing Options Before Investing
12:26 Owner Financing and DSCR: Navigating Property Ownership
23:21 Final Thoughts and Subscribe for More Insights


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&ltsid=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

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 deep into the challenges and strategies of balancing the demanding world of short-term rentals with personal health, family commitments, and spiritual life. They explore the importance of being proactive about time management, the benefits of integrating personal interests with business ventures, and the role of faith in maintaining a balanced life. Both hosts share their personal experiences and insights on delegating responsibilities, prioritizing tasks, and the continuous journey towards achieving a harmonious work-life balance. The conversation also covers practical tips on managing a business without sacrificing time with loved ones or personal well-being, highlighting the significance of meal planning, structured schedules, and recognizing the responsibility over circumstance.

00:00 Navigating the Short-Term Rental Market: Insights and Strategies
00:28 Introducing Market My STR: The Ultimate Marketing Platform for Hosts
01:26 Back to STR Anomics: A Deep Dive into Work-Life Balance
13:51 The Entrepreneurial Lifestyle: Balancing Business, Family, and Health
30:12 Closing Thoughts: Prioritizing for Success in Business and Life

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&ltsid=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

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 complexities of the short-term rental market, offering insights on how to stay ahead despite challenges like increased regulation, market saturation, and rising interest rates. They discuss the importance of identifying market trends early, using dynamic pricing, and avoiding the pitfalls of excessive fees that can deter potential guests. The podcast also introduces Market My STR, an all-in-one marketing platform designed to streamline host efforts and enhance guest experiences. Bill and Kenny explore strategies for adjusting minimum night stays, cancellation policies, and fees according to seasonality and demand, emphasizing the importance of flexibility and customer experience in maximizing bookings and revenue. Highlighting the psychological impact of pricing transparency and fair fee structures, they advise hosts on maintaining an attractive and competitive listing through various market conditions.

00:00 Navigating the Complex World of Short-Term Rentals
00:28 Introducing Market My STR: The Ultimate Marketing Platform
01:26 Diving Into STRonomics: Insights and Banter
01:52 Unpacking Pricing Strategies and Seasonal Booking Trends
09:42 The Hidden Costs: Extra Fees and Their Impact on Guests
21:49 Optimizing Your Listing: Beyond Just Pricing
25:09 Wrapping Up: Key Takeaways on STR Management

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&ltsid=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

This episode of STRonomics is proudly sponsored by MarketMySTR.com, the leading marketing platform for STR Industries.

In this episode of STRonomics, industry insiders Bill Faeth and Kenny Bedwell dive deep into the strategies for identifying and investing in short-term rental properties capable of generating significant cash flow. They introduce listeners to the '550 to 50 property stacking plan,' a method designed to build $250,000 a year in net income within five years by acquiring five properties. The discussion covers the importance of understanding market dynamics, selecting the right properties, optimizing operations, and utilizing data from various sources to make informed decisions. The episode also touches on overcoming common pitfalls like market saturation and the impact of regulations on profitability. Moreover, practical advice on financing, market analysis, and property optimization is shared to help potential investors establish a lucrative short-term rental business while navigating the complexities of the current market landscape.

00:00 Navigating the Short-Term Rental Market: Insights and Strategies
00:28 Maximizing Your STR Marketing with Market My STR
01:59 Deep Dive into the 550 to 50 Property Stacking Plan
04:19 Finding High Cashflow Properties: Strategies and Budgeting
09:22 Data Analysis: Navigating Disparities and Identifying Opportunities
16:57 Market Selection and Property Analysis: The Key to STR Success
20:48 Advanced Investment Strategies for Short-Term Rentals
23:10 Closing Thoughts and Resources for STR Hosts


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&ltsid=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

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&ltsid=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