STRonomics

Latest Episodes:

How Mixing MTR & STR Can Hurt Your Revenue Jun 15, 2023

Show notes

This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.

Bill and Kenny strategize about Mid Term Rentals Vs Short Term Rentals and why mixing the two on a singular listing can be bad news. Kenny shares the story of how an unusual month-long rental moved his property from the first page to the fourth page of Airbnb. Bill expands on the importance of keeping a close eye on your annualized revenue rather than your month-to-month. You can’t miss this episode!

[00:03] Introducing STRonomics

[01:05] Off-Season Rentals

[01:50] Story by Kenny

[02:47] Consequence of MTR

[05:00] Snowbirds At The Beach

[06:30] Dropping Rates

[07:45] How Kenny Got It Back

[09:55] Looking At Your Annualized Revenue

[12:25] What Will Alter Your Rankings

[13:00] Using MTR As A Strategy

[15:04] In Closing

Learn the strategies and secrets you need in this one-day virtual event to increase bookings without having to simply drop your prices! Click Here for more info > Maximizing Revenue Event

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

How to increase revenue with little to no cost Jun 08, 2023

Show notes

This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.

Bill and Kenny discuss how to increase revenue on your properties while also saving money with every single facet of your business! They talk everything from asking guests for feedback to prebuying your propane. You won’t want to miss this episode!

[00:03] Introducing STRonomics

[01:40] Low Cost Revenue Drivers

[02:25] Updating Your Photos

[03:30] Insurance Coverage

[07:35] Pre Buying Propane

[09:00] Saving with Changed Services

[10:15] Reordering Your Listing Images

[13:00] Getting Guests Off Platform

[14:22] Showing The Value in Photos

[15:15] Kenny’s Direct Booking Search

[17:10] Asking Guests for Feedback

[19:20] MarketMySTR.com

[20:25] Getting Reviews on Google/Facebook

[22:12] StayFi For Capturing Emails

[23:00] Paying to Be Ranked

{24:14] Closing Remarks

Learn the strategies and secrets you need in this one-day virtual event to increase bookings without having to simply drop your prices! Click Here for more info > Maximizing Revenue Event

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

STR Bottlenecks to Avoid Jun 01, 2023

Show notes

This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.

On STRonomics this week, Bill and Kenny go over the common bottlenecks that they see which keep new investors stagnant. They talk about researching the property, how everything looks post-acquisition, and how you have to constantly learn new marketing techniques from industry experts.

[0:00] Intro

[0:22] Evaluating Properties

[5:10] The Barrier of Entry

[8:53] Post Acquisition

[13:56] Adjusting to The Market

[16:30] STR Data Host Event

[21:50] Closing Remarks

Learn the strategies and secrets you need in this one-day virtual event to increase bookings without having to simply drop your prices! Click Here for more info > Maximizing Revenue Event

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

Maximizing Revenue For Your STR May 25, 2023

Show notes

This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.

On STRonomics this week, Kenny and Bill go through the 7 things you can do today to Maximize your STR revenue! Bookings will not come easily after the summer boom, fly past your competition now!

[0:05] Bill and Kenny’s Intro

[0:50] How to Maximize Revenue Today!

[1:28] Strategic Ammenties Investments

[5:06] EV Chargers

[6:00] Marketing Ammenties Outside In

[6:58] What Impacts Branding

[8:00] Accommodating Weddings

[9:34] Niche Design

[10:50] Off-Platform Marketing

[11:23] Highest and Best Use Design

[13:50] $25,000 Photos

[17:00] MarketMySTR

[19:56] Rankings, Ratings, and Reviews

[22:25] STR Data Host

[23:43] Closing Remarks

Learn the strategies and secrets you need in this one-day virtual event to increase bookings without having to simply drop your prices! Click Here for more info > Maximizing Revenue Event

Join our Free Build STR Wealth Facebook Group and watch Wednesday, May 31st at 3PM CST for a Free one-hour walkthrough on how to use the Best All-in-One STR Marketing Platform. Click to Join > Build STR Wealth FB Group

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

How To Spot An Emerging STR Market May 18, 2023

Show notes

On this STRonomics, Kenny is solo while Bill travels and he discusses how to spot emerging markets and lets you in on the ones he’s personally keeping an eye on!

[0:05] Introduction

[0:30] Spotting Emerging Markets

[2:20] Defining an Emerging Market

[4:30] The Covid Bump

[7:00] Active Listing Surges

[8:32] Foot Traffic as an Indicator

[9:56] Short Term Rental Regulations

[11:37] My STR Revenue

[12:35] Example #1

[15:15] National Parks

[17:05] College Towns

[20:23] Ski Resorts

[23:40] Frisco, Texas

[24:50] Closing Remarks

STR Data Hosts Facebook Page

Instagram: Kenny_Bedwell

Watch this podcast each Thursday on our Youtube Channel: https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA

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

The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508

Build STR Wealth: https://buildstrwealth.com/

BK Hot Picks: https://bkhotpicks.com/

Instagram: @BillFaeth73

Tik Tok: @bfaeth

Learn more about your ad choices. Visit megaphone.fm/adchoices

The REAL Value of Reviews May 11, 2023

Show notes

On this STRonomics, Bill & Kenny take a closer look at the real value of reviews and how detrimental they are to boosting your ratings and getting your STR booked more frequently. Here are their key takeaways:

[0:01] Introduction

[0:33] Kenny’s Research

[1:52] The Number of Reviews

[3:45] Calculating Your Nights

[5:30] Greatest Tips to Get More Reviews

[12:25] Be on Top of the Search

[13:52] Ghost Reviews

[16:42] What has More Impact on Revenu?

[22:07] Closing Wrap Up

Watch this podcast each Thursday on our Youtube Channel: https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA

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

The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508

Build STR Wealth: https://buildstrwealth.com/

BK Hot Picks: https://bkhotpicks.com/

Instagram: @BillFaeth73

Tik Tok: @bfaeth

Learn more about your ad choices. Visit megaphone.fm/adchoices

Advanced Pricing Strategies May 04, 2023

Show notes

Bill and Kenny break down their most successful pricing strategies and how paying attention to things like occupancy, the 3-2-1 strategy, and your competition will bring in more summer bookings.

[0:05] Chat GPT

[1:10] 3-2-1 Strategy

[10:10] Optimation Tools

[11:23] Pricing for occupancy

[13:10] Pricing fluxation example

[14:10] Sunk Profit

[15:00] Checking your competition

[17:20] Lead time example

[18:00] Closing wrap up

Watch this podcast each Thursday on our Youtube Channel: https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA

Exclusive Pricelabs Offer Here! Use code BILL25 & get 25% off for the first 3 months (offer valid for new users only)

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

The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508

Build STR Wealth: https://buildstrwealth.com/

BK Hot Picks: https://bkhotpicks.com/

Instagram: @BillFaeth73

Tik Tok: @bfaeth

Learn more about your ad choices. Visit megaphone.fm/adchoices

Don't make this BIG mistake when analyzing properties Apr 27, 2023

Show notes

Kenny and I deep dive into the biggest mistakes and pitfalls when analyzing property and the very best advice on researching your perfect property and ideal market!

[1:25] How people analyze a property

[5:00] Hotel data & comparable properties

[8:20] Kenny's data breakdown

[15:26] StrInsights benefits

[18:00] Seeing the property first

[21:35] Avery Carl’s Enemy Method

[23:10] Knowing a market

Watch this podcast each Thursday on our Youtube Channel: https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA

Exclusive Pricelabs Offer Here! Use code BILL25 & get 25% off for the first 3 months (offer valid for new users only)

Take the next step towards growing your vacation rental business by enrolling in the STR Host Academy! With our comprehensive training, you’ll get the tools you need to increase your profits, attract new guests, and dominate your competition with marketing. Don’t wait any longer to start seeing results. Enroll in the STR Host Academy today!

https://www.strhostacademy.com/hostacademy

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

The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508

Build STR Wealth: https://buildstrwealth.com/

BK Hot Picks: https://bkhotpicks.com/

Instagram: @BillFaeth73

Tik Tok: @bfaeth

Learn more about your ad choices. Visit megaphone.fm/adchoices

Is being a superhost worth it? Apr 20, 2023

Show notes

Welcome to another episode of STRonomics, where Kenny Bedwell joins forces with Bill Faeth to bring you the latest insights from the ever-evolving world of short-term rentals. Join the conversation as they dive into the perks of being a Superhost on Airbnb and uncover the benefits it brings. Discover the nuances between direct bookings and Airbnb/Vrbo bookings, and learn how to strategically market your STR by analyzing your property and understanding your demographics. Plus, find out how to leverage your Superhost status to drive more traffic to your business. Don't miss out on this must-listen episode! Tune in now and stay ahead in the STR game.

Watch this podcast each Thursday on our Youtube Channel: https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA

Exclusive Pricelabs Offer Here! Use code BILL25 & get 25% off for the first 3 months (offer valid for new users only)

https://www.strhostacademy.com/hostacademy

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

The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508

Build STR Wealth: https://buildstrwealth.com/

BK Hot Picks: https://bkhotpicks.com/

Instagram: @BillFaeth73

Tik Tok: @bfaeth

Learn more about your ad choices. Visit megaphone.fm/adchoices

Investing Trends Apr 13, 2023

Show notes

Welcome back to Stronomics with Kenny Bedwell and Bill Faeth, your go-to source for the latest and greatest in short-term rental investing! In this episode, they kick off the discussion by revealing the best places in the country to invest in. Gain insights on how saturation can impact growth in different markets and why blindly following influencers can be risky without thorough data analysis. Learn how to future-proof your property in an ever-changing market. Don't miss out on this week's episode packed with valuable tips and strategies for successful short-term rental investing. Tune in now!

Watch this podcast each Thursday on our Youtube Channel: https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA

Exclusive Pricelabs Offer Here! Use code BILL25 & get 25% off for the first 3 months (offer valid for new users only)

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

The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508

Build STR Wealth: https://buildstrwealth.com/

BK Hot Picks: https://bkhotpicks.com/

Instagram: @BillFaeth73

Tik Tok: @bfaeth

Learn more about your ad choices. Visit megaphone.fm/adchoices