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

Shawn Moore of Vodasy and Bill Faeth tackle the latest trends in short term rental space. Shawn shares how he fortuitously dove into short term rentals following a difficult period that led to financial hardship heavy losses. Despite initial challenges, he shared his successes and his forecast for a robust 2024, advising the audience to invest now whilst prices remain stable, but before interest rates drop and competition increases exponentially. He also underscores the importance of choosing the right property managers, focusing on guest reviews that highlight excellent communication and experience. Shawn concludes that engaging in the short term rental space should be more about delivering superior experiences and less about maximizing property count. Furthermore, they discuss about pre-conference workshop for STR wealth conference going to be held on February 5th.

02:00 Introduction and Guest Arrival
02:23 The Unconventional Podcast Format
02:39 The Cowboy Hat Mystery
03:46 Sean's Cowboy Lifestyle
05:17 The Country Club Cowboy
07:03 The Joy of Outdoor Activities
10:54 Sean's Journey into Short Term Rentals
16:19 The Role of Property Management in Sean's Business
19:13 Maximizing Assets in Vacation Rentals
19:19 The Importance of Consistency in Vacation Rentals
19:55 Finding the Best Property Managers and Co-Hosts
20:07 The Challenges of Vetting Co-Hosts and Property Managers
20:24 Strategies for Success in the Vacation Rental Market
20:51 The Importance of Reviews and Communication in Property Management
22:18 The Process of Interviewing Property Managers
24:44 The Role of Marketing in Property Management
26:55 The Challenges of Large-Scale Property Management
31:35 The Impact of Market Changes on Property Investment
32:42 Strategies for Buying Properties in the Current Market
35:32 The Future of Property Management


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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
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Instagram: @BillFaeth73
Tik Tok: @bfaeth
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