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Shaping the Future of Short Term Rental Investments w/ Sean Moore

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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

Watch this episode on our Youtube Channel Every Tuesday & Friday

https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA

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You can find more of Bill online at:

Bill Faeth Linktreehttps://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1

Build STR Wealthhttps://buildstrwealth.com/

Instagram: @BillFaeth73

Tik Tok: @bfaeth

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