How to Forecast Future Revenue

This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform. In the latest episode of STRonomics, Bill and Kenny dive into their approach to forecasting future revenue in a dynamic market. They explore various strategies for analyzing their properties, such as evaluating market saturation levels and closely monitoring consumer spending as an indicator of future revenue potential. Moreover, they emphasize the paramount significance of marketability. Without a well-defined marketing plan, an ordinary property may struggle when Fall 2023 arrives. Don't succumb to negative scenarios; instead, seize the opportunity to enhance your short-term rental business by absorbing the valuable insights presented by Bill and Kenny in this succinct episode of STRonomics! [00:03] Introducing STRonomics [00:26] Why We Forcast Future Revenues [1:20] Models [3:45] How Do I Do It? [5:20] Where Do I Find This? [8:10] Market Saturation Level [10:43] Occupancy [12:00] 2024 Forecasting [20:50] No Crystal Ball [22:45] Marketability of Property [25:50] Taking All Variables In [27:37] In Closing Watch this podcast each Thursday on our YouTube Channel: https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA STR Data Hosts Facebook Page Instagram: Kenny_Bedwell You can find more of Bill online at: Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share<sid=660cbc9b-4a7e-4ed9-a654-900180b83af1 Build STR Wealth: https://buildstrwealth.com/ Instagram: @BillFaeth73 Tik Tok: @bfaeth Learn more about your ad choices. Visit megaphone.fm/adchoices

Om Podcasten

Increasing regulation, market saturation, and rising interest rates... Still think short term rentals make sense? You're not alone. Join industry experts Bill Faeth, successful STR host and investor, and Kenny Bedwell, founder of STR Insights and data junky, as they discuss how you can invest in this lucrative industry while still staying ahead of the curve, identifying trends before they happen - or blowing them outright with their own insights! The short term rental industry is booming and there are many benefits to investing in this type of property. Whether you’re a first-time investor or looking for your next investment, we have insights that will help guide the way forward!