Should you trust your agent?

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 We handle the day-to-day tasks of your short-term rental, giving you the freedom to grow your business and focus on the things that matter most. In the dynamic landscape of short-term rentals, success lies in the details. At STR Super VAs, we bring expertise to every facet of your business, ensuring those details are meticulously managed. Click here to learn more about how you can integrate VAs into your business! https://www.strvas.com/ 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