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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Watch this podcast each Thursday on our YouTube Channel: https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA

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Instagram: Kenny_Bedwell

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Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share<sid=660cbc9b-4a7e-4ed9-a654-900180b83af1

Build STR Wealth: https://buildstrwealth.com/

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Tik Tok: @bfaeth

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