Dec 05 2024 19 mins 5
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.
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
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Watch this podcast each Thursday on our YouTube Channel: https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA
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