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

In this episode of STR Unfiltered, host Bill Faeth discusses the concept of sharing knowledge openly within the industry. He emphasizes that there are no real secrets left, advocating for a culture of generosity. Bill discusses the importance of understanding the dynamics of the market, including fluctuations and saturation. He highlights the difference between 'saturated' markets and bedroom counts in sub-markets, and sharing why individual properties should be the focus of investment, not markets as a whole. Bill provides his insights into finding profitable investments, including understanding regulations, analyzing proximity and views, and utilizing suitable perfomas. He touches upon the significance of location, suggesting that investors focus more on the property's appearance and its proximity to attractions. Bill lists some currently strong markets including Hot Springs, Arkansas and Asheville, North Carolina, and focuses on Banner Elk as an ideal micro-market. He wraps up the episode by urging listeners to get better at analyzing deals, negotiating with banks and sellers, and maximizing marketing and revenue management.

00:01 Introduction and the Importance of Sharing in the STR Industry
01:12 Understanding Market Fluctuations and the Role of Data Analysis
03:05 The Concept of Market Saturation and its Misconceptions
05:05 The Importance of Submarkets and Finding Niches
06:33 Investing in Properties, Not Markets
10:38 The Power of Proximity and Location in STR Investments
10:51 The Role of Regulation, Traffic Generators, and Views in STR Investments
11:31 The Importance of Marketing Opportunities in STR Investments
13:07 Exploring Potential Markets for STR Investments
16:31 The Importance of Research and Analysis in STR Investments
17:17 Conclusion and Final Thoughts


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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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