4 Keys of Finding Profitable STR

This episode of STRonomics is proudly sponsored by MarketMySTR.com, the leading marketing platform for STR Industries. In the latest installment of STRonomics, Kenny takes the reins as Bill is away, and delves into the four crucial keys for achieving success with short-term rentals. First and foremost, Kenny emphasizes the paramount importance of the property's location. It's not merely about the city; proximity to popular attractions can be a game-changer, significantly influencing the rental's desirability. Next, he highlights the significance of impeccable interior and exterior design. While interior modifications can be transformative, neglecting the curb appeal of the exterior can adversely affect the rental's chances of success. Furthermore, Kenny stresses the value of crafting an exceptional interior design that aligns with the preferences of the target clientele. Meeting their expectations and desires can lead to increased bookings and satisfied guests. He also underscores the value of adding amenities to the property when necessary, enhancing its overall appeal. Lastly, the episode concludes with Kenny advocating thorough market research before diving into the business. Analyzing competitors and understanding the required investments in design, location, and exterior upgrades are vital steps towards becoming the best in the area. Tune in to this episode of STRonomics to discover the secrets to prosperous short-term rentals. [00:03] Introducing STRonomics {01:33] Markets Down [03:17] First Key: Location [05:45] The Smokies [07:45] Mountain Market Story [09:50] Second Key: Interior & Exterior Quality [12:15] Third Key: Design & Decor [13:40] ROI on Decor [16:27] Fourth Key: Value Adds [17:13] Kentucky Property [17:43] Swimming Pool [21:56] Strategy [23:34] Studying A Market [26:10] Wrapping Up 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