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Unpacking the Pumpkin Plan

Unpacking the Pumpkin Plan

FromSTRonomics


Unpacking the Pumpkin Plan

FromSTRonomics

ratings:
Length:
21 minutes
Released:
Dec 28, 2023
Format:
Podcast episode

Description

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

In this episode of STRonomics, hosts discuss the business strategy called 'The Pumpkin Plan' and its application in the Short-Term Rental (STR) business. The hosts analyze the strategy that starts from selecting the right seeds (properties) to nurturing and growing the business with meticulous care which can be equated to spritzing, ensuring their continuous growth, and killing or trimming away the ones that are not growing. They also emphasize the importance of uniqueness in this competitive field and how it helps to understand the target audience better for maximum returns. The hosts further discuss how marketers need to adopt these strategies according to the shift in the market trends, leaning towards either high-end or low-end properties, leaving the conventional middle-market path.
00:00 Introduction and Christmas Sweater Fun
02:34 Revisiting the Mastermind Meeting
03:30 Applying the Pumpkin Plan to Short Term Rentals
06:48 Understanding the Importance of Targeting Specific Guest Avatars
13:59 The Importance of Nurturing and Maintaining Your Properties
18:05 The Shift in Mindset for Property Picking
20:23 The Middle Road is Disappearing
22:35 Conclusion and Look Ahead
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Released:
Dec 28, 2023
Format:
Podcast episode

Titles in the series (91)

Increasing regulation, market saturation, and rising interest rates... Still think short term rentals make sense? You're not alone. Join industry experts Bill Faeth, successful STR host and investor, and Kenny Bedwell, founder of STR Insights and data junky, as they discuss how you can invest in this lucrative industry while still staying ahead of the curve, identifying trends before they happen - or blowing them outright with their own insights! The short term rental industry is booming and there are many benefits to investing in this type of property. Whether you’re a first-time investor or looking for your next investment, we have insights that will help guide the way forward!