Jul 04 2024 22 mins 5
Bill Faeth and Kenny Bedwell challenge the belief that making $500,000 in gross revenue from a single short-term rental is impossible. They discuss key strategies, such as selecting the right market, creating unique guest experiences, and ensuring high-quality amenities, that can help investors maximize their returns. Real-life examples from various properties, including those in Wisconsin, Vermont, and the Outer Banks, illustrate how innovative approaches and market knowledge can drive success in this competitive industry. Additionally, the hosts emphasize the importance of thinking about exit strategies and potential appreciation when investing in high-value properties.
00:00 Introduction: The Challenges Facing Short-Term Rentals
00:26 Welcome to STRonomics
00:28 Market My STR: The Ultimate Marketing Platform
01:35 Can You Make $500,000 on One Short-Term Rental?
02:46 Real-Life Success Stories and Strategies
05:45 The Importance of Market Selection
18:52 Creating Unique Guest Experiences
21:38 Conclusion: Key Takeaways and Final Thoughts
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Watch this podcast each Thursday on our YouTube Channel: https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA
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
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