This episode of STRonomics is proudly sponsored by MarketMySTR.com, the leading marketing platform for STR Industries.

In this episode of STRonomics, Bill Faeth and Kenny Bedwell discuss the role of real estate agents in the short-term rental property market. They argue that while agents can provide valuable services such as drawing up contracts and giving insights on concessions, potential investors cannot rely solely on agents' revenue projections. This is because the successful hosting of a property depends on a host's skills, strategies, and personal goals, all of which an agent cannot fully grasp. Investors are therefore advised to make their own assessments of prospective properties using reputable data sources. Bill and Kenny also emphasize the significance of agents having their own experience owning short-term rentals since they would better understand the investor's perspective.

00:00 Introduction and Topic Presentation
00:43 The Role of Real Estate Agents in Property Investment
01:56 The Importance of Doing Your Own Research
02:21 Revisiting the Topic: Trusting Your Agent
02:57 The Limitations of Relying on Agents
03:41 The Importance of Agents Owning Short Term Rentals
03:51 Red Flags to Look Out for in Agents
04:18 The Importance of Due Diligence in Property Investment
05:58 The Role of Experience and Data in Property Investment
07:06 The Importance of Understanding Your Own Hosting Skills
07:55 The Risks of Relying on Set Numbers in Property Investment
16:24 The Importance of Reevaluating Your Investments
16:45 Conclusion: Trusting Agents and Doing Your Own Due Diligence


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