Shows
Bill Faeth UnfilteredThe Power of a One-Second Decision: Buy, Sell, or Scale Your Airbnb Portfolio with Confidence with David Angottiâ
FREE tool and training to grade properties instantly & spot winners faster: https://go.buildstrwealth.com/superpropertygraderđ¸Baselane: Get $100 when you sign up and put your rental finances on autopilotâno monthly fees, no stress: https://baselane.com/str-wealth?Most people overcomplicate success. David Angotti breaks down why making money gets easier once you truly understand risk, build confidence through small wins, and stay consistent longer than everyone else.We get into hiring, ownership mentality, scaling the right way, and why the last 5% of effort is what separates elite operators from average...
2025-11-2050 minBill Faeth UnfilteredI Lost $126,000 So You Donât Have To (The Airbnb Mistake That Changed Everything)đ Get the free tools mentioned:â
Super Property Grader: https://go.buildstrwealth.com/superpropertygraderâ
Proforma: https://buildstrwealth.com/proformaâ
Bella Vista Case Study: https://buildstrwealth.com/bellavistacasestudyđ¸Baselane: Get $100 when you sign up and put your rental finances on autopilotâno monthly fees, no stress: https://baselane.com/str-wealth?I lost $126,000 on my second short-term rental â and it was the best lesson Iâve ever learned.In this episode of Bill Faeth Unfiltered, Iâm unpacking exactly what went wrong⌠and how it forced me to start running my ST...
2025-10-3014 minBill Faeth UnfilteredWill Trump's New Bill Change Real Estate Forever?đ¸Baselane: Get $100 when you sign up and put your rental finances on autopilotâno monthly fees, no stress: https://baselaneaffiliateprogram.pxf.io/c/6143316/2948032/16283This episode is brought to you by StayFi â the easiest way to grow your direct bookings! â Visit stayfi.com/bill and use code "BILL" for an exclusive 50% off your first three months.â
FREE Super Property Grader: https://go.buildstrwealth.com/superpropertygraderâ
FREE Proforma - mitigate risk before you buy: https://buildstrwealth.com/proformaTrumpâs new tax bill could be the biggest opportunity real es...
2025-07-0110 minBill Faeth UnfilteredIs Gulf Shores Investable Right Now w/ John Lazzarino
Futurestay: www.futurestay.com/bill
Jonathan Lazzarinojonathan@theshorttermshop.com(832) 914-5012
Thinking about investing on the Alabama Coast? Iâve been doing deals down here for a decadeâand today Iâm bringing on my go-to agent, Jonathan Lozano, to break it all down. We talk cash flow realities, pet-friendly gold mines, what $175K down gets you right now, and why the new Gulf Shores airport is a game changer. This isnât just hypeâitâs the local, boots-on-the-ground insight you need to make smart moves in Fort Morgan, Gulf Shores...
2025-04-2920 minBill Faeth UnfilteredAirbnb Update: Stop Freaking Out
Futurestay: www.futurestay.com/billThere's a lot of noise out there about the Airbnb updateâbut here's the truth: don't freak out. If you're using a PMS like OwnerRez, Hospitable, or Guesty, just disclose what youâre doing in your listing. Background checks? Contracts? Email collection? Say it upfront.This isnât a panic momentâit's a wake-up call to own your customer and build your email list the right way. Iâm sharing how Iâve pushed to 43% direct bookings using simple tools like MarketMySTR and Futurestay, plus the two...
2025-04-2219 minBill Faeth UnfilteredHow To Master Direct Bookings with Phil Kenard & FutureStay
http://www.futurestay.com/billIn this episode of Bill Faeth Unfiltered, Bill welcomes special guest Phil Kennard, a seasoned professional from the vacation rental industry. Phil is the founder of Futurestay, a platform that simplifies direct bookings for short-term rental owners. Bill introduces Phil's impressive background, which includes creating video games for Take Two Interactive, and developing a PropTech company for property managers. Phil shares how Futurestay evolved from his own need to manage bookings for his New York apartment. He highlights a surprising industry insight - that most vacation rentals are owned...
2025-04-1541 minBill Faeth UnfilteredThe Hidden Costs of Short-Term Rentals
https://buildstrwealth.com/proformahttp://www.futurestay.com/billIn this episode of Bill Faeth Unfiltered, Bill dives into the often-overlooked hidden costs of short-term rentals. He emphasizes the significant expenses that many investors fail to consider, such as carry costs from the purchase date to launch, and travel expenses for out-of-market properties. He shares personal insights, including an unforeseen $4,000 snow removal cost at his Elk Lodge property in North Carolina. Bill, along with guest Chris, discusses the importance of accurately estimating expenses like property taxes, internet, and landscaping, which can significantly...
2025-04-0816 minBill Faeth UnfilteredCredit Strategies for Homebuyers
In this episode, Bill and Chris discuss how to master down payment assistance and the importance of advance preparation. Bill emphasizes the necessity of planning at least 90 days ahead to ensure financial readiness. He explains that lenders require a history of seasoned funds, typically going back 90 days. Bill also highlights the significance of maintaining a high credit score to secure premium rates from banks. He shares his personal strategies for managing credit, such as paying off credit card debt weekly and knowing the reporting dates for each card. Bill advises against canceling unused credit cards to maintain credit history...
2025-04-0112 minBill Faeth UnfilteredThe Hidden Struggles of Running Short-Term Rentals
Jesse's Midterm Rental Summit: https://midtermrentalsummit.com/Bill's STR Wealth Conference: https://strwealthconference.com/Super Property Grader: https://go.buildstrwealth.com/superpropertygraderIn this episode, Bill shares a personal story of facing zoning violations for hosting retreats at his property, revealing the stress and complications involved. Bill and Jesse discuss the broader challenges of running short-term rentals, including facing opposition from neighbors and dealing with environmental and state-level regulations. Jesse shares his own similar experience in Aptos and sheds light on the difficulties of dealing with changing city laws and...
2025-03-2549 minBill Faeth UnfilteredRental Property Investing Tips You Wish You Knew Sooner
Super Grader: https://go.buildstrwealth.com/superpropertygraderProforma: https://buildstrwealth.com/proformaBill breaks down invaluable insights and tips on short-term rental property investments to avoid common pitfalls and optimize your returns. Drawing from real-world examples and personal experiences, the episode covers crucial strategies such as avoiding market-wide investments, focusing on specific properties, analyzing sub-markets by bedroom count, understanding entry costs, utilizing creative financing, and leveraging tax benefits. It also highlights the importance of cash flow, appreciation, debt pay-down, and tax incentives while making investment decisions. Lastly, the host shares practical tools...
2025-03-2015 minBill Faeth UnfilteredLeveraging Tech & Revenue Strategies in Property Management
https://strwealthconference.com/https://buildstrwealth.com/innercircleBill sits down with Tony Stancato, a successful entrepreneur in the property management space known for his effective use of LinkedIn. Tony reveals that Justin Welch's course motivated him to post consistently on LinkedIn for 90 days, which resulted in surprising traction and client engagements. Building on his social media success, Tony quit his W2 job the day before attending the STR Wealth Conference and transitioned full-time into short-term property management, quickly growing his company. The conversation then shifts to Tony's latest business move: purchasing and...
2025-03-1130 minBill Faeth UnfilteredUnlocking Your Prey Drive For Massive Success w/ Micheal Burt
https://strwealthconference.com/Bill is joined by Micheal Burt, a legendary high school basketball coach turned business coach, at the Greatness Factory in Nashville, Tennessee. Burt shares his journey from starting as a basketball coach at 15 to becoming the 'Super Coach,' a title given to him by Grant Cardone. He discusses his coaching philosophy, which includes integrating psychological principles from Stephen Covey's works into his coaching methods. Burt emphasizes the importance of intensity, persistence, and the 'prey drive'âa term he uses to describe the drive to succeed. He also shares his early li...
2025-03-0448 minBill Faeth UnfilteredSTR Safety 101: Protecting Guests, Properties, and Profits
Safety Course -Â https://breezeway.learnworlds.com/SnapPower Lights - !NEW 2025! -Â https://a.co/d/cm8OkzjRescue Ready Ladder -Â https://berescueready.com/In this episode of Bill Faeth Unfiltered, Bill welcomes Justin Ford from Breezeway to discuss the critical subject of safety in short-term rentals. The two share their common interests in skiing and snowboard, but the conversation quickly focuses on aspects of property safety, fueled by Ford's expertise. Ford is noted for his dedication to improving safety standards in the short-term rental industry and recounts their fir...
2025-02-2534 minBill Faeth UnfilteredHow to Leverage Seller Credits for Bigger Returns
5/50/250 Plan : buildstrwealth.com/550250masterclassIn this episode of Bill Faeth Unfiltered, Bill is joined by Tyler Coon of Savvy Realty at the Savvy Summit to discuss the concept of seller credits in real estate transactions. Bill highlights his extensive experience with seller credits, having secured over $2.2 million in credits, which contributed significantly to building his $20 million real estate portfolio. Tyler, praised as the 'King of Seller Credits' for his expertise on the agent side, shares insights on how buyers and agents can effectively negotiate and utilize seller credits. Bill recounts a successful transaction where...
2025-02-1812 minBill Faeth UnfilteredThe Investorâs Playbook: Leveraging Credit, Comps & Cash Flow
Bill speaks from the Hatley Pointe Ski Resort in North Carolina, recounting his recent ski vacation in Montana with his wife. He attends the Savvy Summit hosted by Tyler Coon and discusses his exploration of investment opportunities in newly developed ski resorts. Bill considers purchasing 165 acres with ski runs and a lodge, during which he plans to gain insights from the resort owners about their investment journey. He explains the importance of understanding hurdles, costs, and unexpected issues in such investments. Transitioning the focus to real estate investing, Bill emphasizes the fundamental components of successful short-term rental investments: cash...
2025-02-1115 minBill Faeth UnfilteredThings I Wish I Knew 10 Years Ago (Top 5 Business Lessons)
In this episode of Bill Faeth Unfiltered, Bill discusses the five most important lessons he's learned throughout his career. Starting at age 19 and now approaching a billion dollars in sales, he shares not only his successes but also his mistakes. The first lesson emphasizes the importance of having an intimate relationship with financials, inspired by his mother who managed a preschool. The need for accuracy and timeliness in financial management, such as completing P&Ls by the start of each month, is stressed. The second lesson underscores the significance of ensuring there's a real need for your product or...
2025-02-0425 minBill Faeth UnfilteredThe #1 Mistake Investors Make About Asset Protection
Bill sits down with Jeff Hampton to discuss his new book, 'The Investor's Blueprint to Asset Protection Made Simple,' highlighting its approachable language and practical advice. The discussion emphasizes the importance of asset protection as wealth increases, covering topics such as lawsuits, LLC structures, and the Corporate Transparency Act. Jeff explains how the Anderson model of asset protection and other traditional strategies may fall short, advocating for a layered approach combining LLCs, holding companies, limited partnerships, and insurance. They delve into common misconceptions about asset protection, stressing the need for LLCs in suitable states and the advantages of...
2025-01-2848 minBill Faeth UnfilteredWhere NOT to invest in 2025
Bill outlines the top five markets that real estate investors, particularly those focused on short-term rentals, should avoid in 2025. Drawing from his extensive experience with a $22 million portfolio and 71 short-term rental acquisitions since 2015, Bill emphasizes the importance of eliminating unsuitable markets to avoid 'paralysis by analysis.' He recommends avoiding California, the Poconos, Myrtle Beach, 30A in Florida, and the Texas coast due to high costs, regulation issues, and saturation. Instead, he suggests considering tertiary markets like Gulf Shores, Outer Banks, Banner Elk, and parts of Mississippi and Alabama for better cash flow and investment opportunities. Bill also introduces...
2025-01-2120 minBill Faeth UnfilteredAirbnb Investing As a Couple
Coupleâs Retreat -Â https://go.buildstrwealth.com/montanacouplesBill and his wife, Brea, discuss the importance of alignment in both personal life and investment strategies. The couple recounts their early misalignments and how their journey into real estate investments, specifically short-term rentals, brought them closer. They share their first significant investment in a beautiful beach house in Seaside, Florida, and their subsequent realization that they could not afford the 30A market. They opted for a more affordable investment in Gulf Shores, Alabama, which became a pivotal learning experience. They emphasize the need for cle...
2025-01-1427 minBill Faeth UnfilteredThe 'Two Extra Steps' to Airbnb Excellence | Pace Morby
Bill sits down with Pace Morby to debunk myths about the profitability and viability of Airbnb. Bill, known for his highly successful short-term rental strategies and large events, shares his expertise on how to transform average properties into 'super properties.' The discussion explores the importance of marketability, meticulous property searches, and maintaining high standards for quality and cleanliness. Bill emphasizes the value of hands-on management, providing personalized guest experiences, and continuous engagement in the market. He contrasts his methodical approach with the common, lazy practices that lead to subpar performance in short-term rentals. The conversation touches upon Bill's...
2025-01-071h 02Bill Faeth UnfilteredWhy Scaling Your Business Isnât Easy | Billy Jinks and Bill Faeth
Bill sits down with Billy Jinks, a successful entrepreneur from Phoenix, Arizona. Billy shares his journey in the ground transportation business, owning Jet Limousine, one of the largest companies in Arizona, and describes his early fascination with limos and cars. They discuss the growth of Billy's company from 30-50 vehicles in 2020 to a fleet of about 100 vehicles, including various types of buses and luxury cars, generating approximately $19 million annually. Billy also owns Salt River Tubing, a business acquired two years ago, now seeing significant improvements and increased efficiency. He describes the operational changes made to enhance customer experience, such...
2024-12-3126 minBill Faeth Unfiltered'Twas The Night Before Summer Bookings
Bill narrates a whimsical, rhyming tale styled after 'Twas the Night Before Christmas,' where the anticipation for summer bookings replaces the holiday excitement. He humorously describes the preparation for Airbnb bookings and includes a call-to-action for viewers to join a Facebook group live session on Christmas morning. Bill encourages the audience to set their dynamic pricing, notify their guests, and gear up for the summer booking season.Join Our Facebook Group: https://www.facebook.com/groups/284886002732508Â stayfi.com/billDiscount code: BILL
2024-12-2406 minBill Faeth UnfilteredReal Estateâs Best Kept Secret: The FHA 203K Loan w/ Matt Porcaro
Bill welcomes Matt Porcaro, creator of the 203K Way. Matt transitioned from corporate America to full-time real estate investing, starting with a 3.5% FHA loan and turning $9,500 into $130,000 in equity. He dives into the details of the 203K Way, an FHA loan program that allows for purchasing and renovating properties with minimal down payment. Matt shares his journey from working as an engineer in New York City to discovering this lesser-known, government-backed financing tool, which enabled him to buy a duplex and accumulate significant equity. He emphasizes the importance of owner-occupancy and leveraging low down payment opportunities as a beginner...
2024-12-1730 minBill Faeth UnfilteredThe Biggest Threat To Short Term Rentals w/ John Hildebrand
Bill sits down with John Hildebrand, an expert in short-term rentals and an advocate with extensive experience in managing and co-hosting properties. They dive into pressing regulation issues in Scottsdale, discussing capacity constraints and advocacy efforts, including the formation of the Arizona for Responsible Tourism organization. John shares his journey, including his history in photography and his passion for building and renovating homes. They talk about the challenges of finding the right partners and properties in a saturated market and the importance of innovative revenue management. Both emphasize the value of personal connection, honesty, and the importance of a...
2024-12-1042 minBill Faeth UnfilteredEnd of Year Tax Strategies w/ Ryan Bakke
Bill welcomes Ryan Bakke, a tax strategist, who discusses essential tax-saving strategies for entrepreneurs, property owners, and real estate investors. Ryan emphasizes the importance of proper bookkeeping and having a CPA for effective tax planning and minimizing audit risks. They discuss using quarterly meetings with CPAs for accurate tax estimates and prepaying taxes to avoid penalties. Ryan explains the value of paying children for business tasks, contributing to their Roth IRAs, and ensuring proper documentation for IRS compliance. The duo also highlights the benefits of cost segregation studies to offset W2 income for STR owners who meet material participation...
2024-11-2625 minBill Faeth UnfilteredHow To Transform Your Guest Experience with Sam Rubin
Bill welcomes Sam Rubin, the founder of the top luxury concierge service, DONE Concierge Service, based in Park City. Sam shares his journey from the restaurant business and email marketing in Huntsville, Alabama, to managing a high-end ground transportation company and luxury concierge service. Sam discusses the importance of exceptional guest services, such as personalized grocery deliveries and transportation, and how they can elevate short-term rental experiences. He emphasizes the value of building relationships over transactions and offers practical tips for property managers to implement similar services. The episode also highlights how these premium services can transform guest impressions...
2024-11-1939 minBill Faeth UnfilteredDon't Trust Your Real Estate Agent
https://go.buildstrwealth.com/movetheneedleBill discusses the critical importance of evaluating real estate agents when purchasing property. He outlines four essential criteria every agent must meet, highlighting the necessity of running your own numbers and underlining the pitfalls of relying solely on agents' calculations. Bill shares his experiences with top agents such as Avery Carl and Tyler Coon, emphasizing the significance of an agent's experience and their involvement in the short-term rental market. He stresses the importance of agents speaking the industry lingo and owning short-term rentals themselves, providing insights into the best...
2024-10-1512 minBill Faeth UnfilteredWhy Uniqueness is Key in Real Estate Investing
Bootcamp Tour: https://go.buildstrwealth.com/tourBill emphasizes the importance of uniqueness in real estate investments. He criticizes the impatient and reckless approach of current buyers who are not properly underwriting properties. Bill shares personal experiences with his unique properties, detailing how these distinct features provide competitive advantages and higher returns. He also offers insights on avoiding common pitfalls, like overdesigning, and stresses the importance of continuous practice in underwriting and market research. Bill concludes by highlighting the value of specific tools for identifying promising investments and invites listeners to subscribe for more...
2024-08-0614 min
STRonomicsCan you generate $500K on an Airbnb?Bill Faeth and Kenny Bedwell challenge the belief that making $500,000 in gross revenue from a single short-term rental is impossible. They discuss key strategies, such as selecting the right market, creating unique guest experiences, and ensuring high-quality amenities, that can help investors maximize their returns. Real-life examples from various properties, including those in Wisconsin, Vermont, and the Outer Banks, illustrate how innovative approaches and market knowledge can drive success in this competitive industry. Additionally, the hosts emphasize the importance of thinking about exit strategies and potential appreciation when investing in high-value properties.00:00 Introduction: The...
2024-07-0422 minSTRonomicsShould You Prepare For A Recession?Bill Faeth and Kenny Bedwell delve into the current economic landscape affecting short term rentals, including increasing regulations, market saturation, and rising interest rates. They highlight key strategies for staying ahead of the market and discuss crucial topics such as interest rates, the phasing out of accelerated depreciation, and potential changes to capital gains taxes. The conversation also explores the impact of political influences on the economy, consumer confidence, and investment decisions. The episode underscores the importance of market and property selection to optimize profitability and mitigate risks in an evolving market.00:00 Introduction: The...
2024-06-2721 minBill Faeth UnfilteredMaximize Your Airbnb Income With These Tips
Bill Faeth draws on his personal experiences to offer insights on maximizing revenue from short-term rentals. Recording from his cabin in Olney, Montana, Bill shares the story of his own property investment, discussing the importance of marketing skills, the underwriting process, and the need to balance lifestyle desires with financial decisions. He categorizes property purchases into three buckets: 100% financial-driven, a mix of lifestyle and financial, and primarily lifestyle-focused. Bill emphasizes the importance of understanding what guests want, especially focusing on outdoor amenities, and shares tips on managing and optimizing listings. Lastly, he underscores the value of investing in top-tier...
2024-06-2512 minSTRonomicsBigger or Smaller...Bill Faeth and Kenny Bedwell delve into the complexities of investing in short-term rentals amidst increasing regulation, market saturation, and rising interest rates. They discuss the merits and drawbacks of investing in large versus small properties and emphasize the importance of finding the right balance based on individual goals and risk tolerances. The episode touches on the significance of market analysis, the potential of untapped markets, appreciation, and cash flow. Additionally, they advocate for customized investment strategies rather than following industry trends.This episode of STRonomics is proudly sponsored by MarketMySTR.com, the leading m...
2024-06-2015 minBill Faeth UnfilteredMastering Wealth and Tax Strategies with Short Term Rentals
Bill Faeth and tax strategy expert David Perez dive into the world of short-term rentals (STR) and real estate investing. They discuss the crucial distinction between tax strategy and tax preparation, the benefits of STR for generating cash flow, and overcoming the challenges of high interest rates. The episode covers Davidâs WISC formulaâWealth, Income, Savings, and Controlâand advice on navigating the real estate market for maximum tax and investment benefits. They also introduce the concept of 'lazy 1031' for reinvestment and emphasize the importance of strategic market selection and property management. Upcoming summer bootcamps are announced, featur...
2024-06-1858 minSTRonomicsADR's are falling. Now what?Bill Faeth and Kenny Bedwell delve into strategies for staying profitable amidst challenges such as decreasing average daily rates (ADRs), increasing competition, and market saturation. They emphasize the importance of adjusting pricing strategies, enhancing property features, and leveraging marketing tools to boost occupancy rates and overall revenue. The conversation also covers the significance of investment in high-quality property photography, dynamic pricing techniques, and ancillary services as means to increase profit margins. This episode not only addresses how to navigate through dropping ADRs but also highlights ways to capitalize on market trends, guest preferences, and technological tools to ensure STR...
2024-06-1320 minSTRonomicsThe STR Backup Plan. MTR? LTR?Bill Faeth and Kenny Bedwell tackle the mindset necessary for success in the short-term rental (STR) market, strongly opposing the idea of having a backup plan like midterm or long-term rentals (MTR or LTR). They share insights from their vast experiences, emphasizing going all-in on STRs, even in the face of increasing regulation, market saturation, and rising interest rates. The discussion highlights the differences between STR, MTR, and LTR investments, underlining that properties suitable for short-term rentals typically do not align well with other rental strategies due to location and cost issues. They caution against diluting focus by managing...
2024-06-0620 minSTRonomicsNavigating the Future of Short-Term RentalsBill Faeth and Kenny Bedwell dive into the evolving landscape of short-term rentals (STRs), discussing the impact of increasing regulations, market saturation, and rising interest rates on investing strategies. They explore the importance of staying ahead by identifying trends and leveraging insights to optimize investments. The episode features a broader discussion on investment strategies, highlighting the shift from a buy-and-hold mentality to more dynamic approaches, emphasizing the need for investors to adapt their strategies in response to market changes for sustainable success. The hosts also discuss the critical roles of revenue management, marketing, design, and underwriting in achieving profitability...
2024-05-3021 minSTRonomicsDo This Before You Buy Your First Airbnb!This episode of STRonomics is proudly sponsored by MarketMySTR.com, the leading marketing platform for STR Industries.In this episode of STRonomics, hosts Bill Faeth and Kenny Bedwell delve into the complexities of investing in short term rentals given the current challenges of increasing regulation, market saturation, and rising interest rates. They provide insights on staying ahead of investment trends and offer practical advice for both new and seasoned investors, including the importance of understanding financing options, the significance of properly budgeting for property acquisition and preparation, and strategic considerations for property selection based o...
2024-05-2323 minBill Faeth UnfilteredThe Truth About 1031's w/ Ryan Bakke
The Property Stacking Masterclass. https://buildstrwealth.com/550250masterclassIn this episode of STR unfiltered, host Bill Faeth and guest Ryan Bakke, a CPA and real estate investor, share insights into the complexities of real estate investments, taxes, and maximizing returns. Ryan, renowned for saving Bill nearly $2 million in taxes, discusses the strategic tax benefits of investing in real estate, the impact of legislation like the cost segregation bill, and tactics to leverage tax refunds and deductions. The conversation also delves into the pitfalls and pressures of 1031 exchanges, the concept of a 'lazy 1031', and th...
2024-05-2124 minSTRonomicsHow We Balance STR's-Work-Family and FaithThis episode of STRonomics is proudly sponsored by MarketMySTR.com, the leading marketing platform for STR Industries.In this episode of STRonomics hosts Bill Faeth and Kenny Bedwell dive deep into the challenges and strategies of balancing the demanding world of short-term rentals with personal health, family commitments, and spiritual life. They explore the importance of being proactive about time management, the benefits of integrating personal interests with business ventures, and the role of faith in maintaining a balanced life. Both hosts share their personal experiences and insights on delegating responsibilities, prioritizing tasks, and t...
2024-05-1630 minBill Faeth UnfilteredHow to Start Airbnb'ing With No Money
The Property Stacking Masterclass. https://buildstrwealth.com/550250masterclassIn this episode of STR Unfiltered, host Bill Faeth introduces viewers to the concept of co-hosting on Airbnb as a lucrative way to engage in the short-term rental market without the need to own property. Focusing on actionable strategies, the guide covers key aspects such as revenue management, marketing, listing optimization, guest communication, and how to charge for services. Bill argues against the popular practice of rental arbitrage due to its high risk and financial requirements, advocating instead for co-hosting due to its low barrier to en...
2024-05-1414 minBill Faeth UnfilteredTalking Airbnb Icon Update w/ Wil Slickers
In this episode of STR Unfiltered, Bill Faeth and his guest, Wil Slickers, dive into the controversial Airbnb icons update, discussing its implications and the future trajectory of Airbnb.Wil, with his deep industry insights, suggests that the update marks the beginning of Airbnb transitioning into a social media platform, focusing on connecting people and enhancing user experience through unique, personalized content.The discussion touches on Brian Chesky's long-term vision for Airbnb, examining the company's data-driven approach to customizing user interactions and suggesting that Airbnb may venture into more controlled, unique experiences akin to the...
2024-05-0938 minSTRonomicsOpportunity Cost Lost by Crazy FeesThis episode of STRonomics is proudly sponsored by MarketMySTR.com, the leading marketing platform for STR Industries.In this episode of STRonomics, hosts Bill Faeth and Kenny Bedwell dive into the complexities of the short-term rental market, offering insights on how to stay ahead despite challenges like increased regulation, market saturation, and rising interest rates. They discuss the importance of identifying market trends early, using dynamic pricing, and avoiding the pitfalls of excessive fees that can deter potential guests. The podcast also introduces Market My STR, an all-in-one marketing platform designed to streamline host e...
2024-05-0925 minSTRonomicsHow to find properties that cash flow $50K+This episode of STRonomics is proudly sponsored by MarketMySTR.com, the leading marketing platform for STR Industries.In this episode of STRonomics, industry insiders Bill Faeth and Kenny Bedwell dive deep into the strategies for identifying and investing in short-term rental properties capable of generating significant cash flow. They introduce listeners to the '550 to 50 property stacking plan,' a method designed to build $250,000 a year in net income within five years by acquiring five properties. The discussion covers the importance of understanding market dynamics, selecting the right properties, optimizing operations, and utilizing data f...
2024-05-0223 minSTRonomicsEverything has Changed.This episode of STRonomics is proudly sponsored by MarketMySTR.com, the leading marketing platform for STR Industries.In this episode of STRonomics, hosts Bill Faeth and Kenny Bedwell explore effective investment strategies for short-term rental hosts amidst the challenges of increased regulation, market saturation, and rising interest rates. The discussion covers the importance of dynamic pricing, understanding property value within the market, and strategically managing minimum night stays to boost booking rates and revenue. Insights from their experiences and tips for maximizing occupancy and profit, especially during the off-peak seasons, are shared.
2024-04-2528 minSTRonomicsIncrease Revenue Big Time By Niching DownThis episode of STRonomics is proudly sponsored by MarketMySTR.com, the leading marketing platform for STR Industries.In this episode of STRonomics, hosts are joined by Bill Faeth and Kenny Bedwell to explore the importance of niche marketing in the short-term rental (STR) industry. They discuss the success of a Blue Ridge property owner who significantly increased earnings by making her listings the most pet-friendly in the area, showcasing amenities like custom dog biscuits and a pet souvenir station. Another property offers a cannabis-friendly experience, catering to guests interested in a smoke-friendly environment. The c...
2024-04-0419 minSTRonomicsBoosting ADR vs. Maximizing OccupancyThis episode of STRonomics is proudly sponsored by MarketMySTR.com, the leading marketing platform for STR Industries.In this episode of STRonomics, hosts Bill Faeth and Kenny Bedwell dive into the topic of how certain property amenities, like coffee bars, murals, bikes, and air conditioning, impact rental properties' Average Daily Rate (ADR) and occupancy rates. Kenny shares insights from his experience and observations from different markets, emphasizing that while certain amenities may not directly boost ADR, they can significantly enhance occupancy rates and attract specific guest avatars, thereby indirectly increasing revenue. They also discuss t...
2024-03-2826 minSTRonomicsBiggest Mistakes in 2023 Not To Repeat in 2024This episode of STRonomics is proudly sponsored by MarketMySTR.com, the leading marketing platform for STR Industries.Bill Faeth from Build STR Wealth and Kenny Bedwell from STR Insights discuss the prevalent mistakes in the short term rental industry, specifically overspending on design and poor time management. They also discuss problems from underestimating launching and operational costs, hesitations due to market saturation, and the effects of rising interest rates. The hosts emphasize the importance of meticulous underwriting and property identification processes. They also share information about their paid and free options to help individuals a...
2024-03-0724 minBill Faeth UnfilteredTargeting Your Ideal Guest From The Start
StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi!Ready to go from a Good to Great STR Investor? Download the same exact Proforma both Jon âThe Bank Whispererâ Hodge and I both use to Underwrite our personal investments and for Rivan Capital group. Free Training included with this free download.Download Here - https://buildstrwealth.com/proformaThis episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.In this episode, Bill Faeth discusses the importance of underst...
2024-03-0515 minBill Faeth Unfiltered4 Skills You Must Have To Be A Successful STR Investor
StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi!Ready to go from a Good to Great STR Investor? Download the same exact Proforma both Jon âThe Bank Whispererâ Hodge and I both use to Underwrite our personal investments and for Rivan Capital group. Free Training included with this free download.Download Here - https://buildstrwealth.com/proformaThis episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.In this episode, Bill Faeth, an experienced real estate entrepr...
2024-03-0135 minSTRonomicsShould 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. I...
2024-02-2919 minBill Faeth UnfilteredWhy Would I Tell You The Best Markets to Buy In
StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi!This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.In this episode of STR Unfiltered, host Bill Faeth discusses the concept of sharing knowledge openly within the industry. He emphasizes that there are no real secrets left, advocating for a culture of generosity. Bill discusses the importance of understanding the dynamics of the market, including fluctuations and saturation. He highlights the difference between 'saturated' markets and bedroom counts in sub-markets, and sharing why individual pr...
2024-02-2719 minBill Faeth UnfilteredUnderstanding Real Estate Trends in Rental Markets w/ Jason Hartman
StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi!This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.In this edition of STRUnfiltered, Bill Faeth sits down with Jason Hartman, CEO of a real estate investment company, on the STR Unfiltered podcast. They discuss different types of rental markets including short term, midterm and long term, with a specific focus on long term rentals. Hartman shares his insights on the market trends, how interest rates affect the real estate market, and the potential im...
2024-02-2526 minBill Faeth UnfilteredIs it time to reposition?
StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi!This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.In this edition of STRUnfiltered, host Bill Faeth discusses the process and strategy behind property repositioning. Bill shares his personal experiences with repositioning properties and outlines how it can aid in achieving financial freedom. He emphasizes the importance of understanding the reasoning behind repositioning decisions and considers factors like appreciation, equity, and net income when determining whether to reposition. Bill also guides listeners on how to...
2024-02-2015 minBill Faeth UnfilteredThe Truth About The STR Wealth Conference
StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi!This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.In this episode, the hosts of STR Unfiltered, Bill Faeth and Chris Wharton, reflect on their recently held conference while discussing the lessons learnt, pain points, and possible improvements for future events. The key discussions revolve around the new initiatives by StayFi, the detailed recap of the conference and its vendors, and the unpredicted costs it entails to put on a successful conference. Future areas fo...
2024-02-1628 minBill Faeth UnfilteredNow Is The Time To be Patient
StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi!This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.In this episode of the STR Unfiltered podcast, Bill Faeth discusses the importance of patience and diligent research when approaching real estate investing. He touches upon the current market, interest rates, and aligns against the rush to buy properties. By explaining the different aspects involved while making a deal, he emphasizes how building rapport, understanding the property, and calculating the profits leads to successful investments. He...
2024-02-1315 minBill Faeth UnfilteredIncrease direct bookings by up to 55%
StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi!This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.In the episode, host Bill Faeth shares vital insights about increasing direct bookings by up to 55% and executing a 200-day direct booking funnel. He emphasizes the importance of building an email list using a platform like StayFi for guest Wi-Fi access. He discusses StayFi's new HomePage feature that assists in integrating local attractions and upsells. Furthermore, Bill gives tips on creating meaningful personalized communications with gu...
2024-02-0613 minBill Faeth UnfilteredEvolve Your Short Term Rental Business w/ Parker Borofsky
StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi!This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.The podcast episode features Bill Faeth, the host of STR Unfiltered, talking to Parker Borofsky. They discuss the importance of new and innovative marketing tools such as HomePage by StayFi. Faye emphasizes the value of StayFi in boosting direct bookings and enhancing guest experiences. Brodsky, a mortgage professional and real estate investor, addresses various myths around short-term rental income, debt to income ratio, and the in...
2024-02-0222 minSTRonomicsHow to Rank #1 on Airbnb in 2024This episode of STRonomics is proudly sponsored by MarketMySTR.com, the leading marketing platform for STR Industries.In this episode, industry experts Bill Faeth and Kenny Bedwell discuss strategies to stay ahead in the short-term rental market amid increasing regulations, market saturation, and rising interest rates. They share insights on investment trends, marketing tools and platform 'Market My STR'. They also discuss factors that impact Airbnb rankings, emphasizing the importance of listing optimization, dynamic pricing, gathering positive reviews and unique property features. Additionally, they highlight the potential of amenities and services like handicap-accessibility and p...
2024-02-0122 minBill Faeth UnfilteredNetting $250K Off One Investment -The 5/50/250 Plan
StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi!This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.In this episode of STR Unfiltered, host Bill Faeth discusses the '5/50/250 Plan', a strategy he used to generate a million dollars in net income annually through short term rentals. Bill emphasizes the importance of quality over quantity, predicting revenue to get a higher return on investment, meaning there is no need to own multiple properties. He also shares tools he uses such as Pricelabs, Ra...
2024-01-3116 minBill Faeth UnfilteredThe most important skill you need as an STR Investor
StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi!This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.In this episode of STR Unfiltered, host Bill Faeth, founder of numerous start-ups including 'Build Short Term Rental Wealth', delves into what he believes is the most crucial skill in real estate investment: underwriting. Bill reveals that although often overlooked or simplified by other investors, accurate and comprehensive underwriting is vital to mitigate risk and to build a prosperous portfolio in real estate. He emphasizes th...
2024-01-2612 minSTRonomicsWhy Investable Markets Shift QuicklyThis 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 impact of increasing regulation, market saturation, and rising interest rates on short-term rentals investment. They shed light on the importance of staying ahead of the curve and being able to identify trends before they happen. They also delve into the key features of 'Market My STR', a comprehensive marketing platform designed for short-term rental hosts, discussing how it can streamline marketing efforts, improve hosts' communication w...
2024-01-2522 minBill Faeth UnfilteredSpecial Guest: Natalie Palmer talking Cohosting Scales of Economy
StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi!This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.In this episode of STRUnfiltered, host Bill Faeth interviews co-host Natalie Palmer about her experiences in co-hosting vacation rentals and how it has affected her life. Natalie, who manages ten properties in Californiaâs Big Bear ski resort, shares valuable advice on operating a successful rental business, the advantages of having multiple properties in a single location, and the importance of having a supportive relationship with...
2024-01-2334 minSTRonomicsDon't Bank on the FutureThis episode of STRonomics is proudly sponsored by MarketMySTR.com, the leading marketing platform for STR Industries.In this episode of STRonomics, industry experts Bill Faeth and Kenny Bedwell discuss how to stay ahead of the curve in short-term rental investments amidst increasing regulation, market saturation, and rising interest rates. They caution against banking on future predictions like cost segregation bills or interest rates, stressing the importance of making informed, data-driven decisions based on the present situation. The duo also stress the need to be unique and differentiate one's property to succeed in increasingly c...
2024-01-1821 minBill Faeth UnfilteredCreative Wealth Building w/ Christian Allen & Rod Zabriskie
StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi!This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.MoneyInsightsGroup.comIn this episode of STRUnfiltered, Bill Faeth hosts a detailed conversation with Christian Allen and Rod Zabriskie from Money Insights Group. The trio delve into the concept of 'alternative investing' and the transformative potential of nested returns. They discuss the power and value of capitalizing on multiple income streams, including optimizing investments for cash flow and tax benefits. A...
2024-01-1637 minSTRonomics2024 PredictionsThis episode of STRonomics is proudly sponsored by MarketMySTR.com, the leading marketing platform for STR Industries.In this episode of STRonomics, hosts Bill Faeth and Kenny Bedwell discuss the outlook for short term rental investors in 2024. They reckon that the future market performance largely hinges on factors like interest rates, the economy, and election outcomes. They also highlight how booking lead times seem to be slowly increasing in the US, evidencing a gradual return to normalcy in tourism after the pandemic-induced slump. On the other hand, they predict real estate markets in the U...
2024-01-0417 minBill Faeth UnfilteredAre You Ready For Summer Booking Season?
StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi!This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.In this episode of STRUnfiltered, host Bill Faeth, explores revenue maximization for short-term rental property owners. Bill emphasizes the need for tactical preparation ahead of the summer booking season, shares his expertise in high-demand property management, and sheds light on ideal revenue management strategies. He also gives actionable tips to property owners on upgrading property profiles to increase booking chances and price margins, with a sp...
2023-12-2918 minBill Faeth UnfilteredThe Investment That Yields The Highest ROI
StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi!This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.In this episode of STR Unfiltered, host Bill Faeth discusses the significance of investing in high-quality photography for short-term rentals. He argues that investing in top-tier photos is the best way to maximize return on investment (ROI) for rental owners. He shares his personal story of investing an average of $2500 per property on photography, which has considerably boosted his bookings and income. Bill emphasizes the ne...
2023-12-2612 minBill Faeth UnfilteredSam Dundas founder of GetBesty.AI
StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi!This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.On the STR Unfiltered podcast, host Bill Faeth discusses artificial intelligence in property management with special guest Sam Dundas, the co-founder of GetBestie.ai. They discuss how Dundas ventured into the AI industry and developed GetBestie.ai as a revolutionary tool for property managers and hosts. Dundas explains how their AI platform can help businesses grow their portfolio, optimize listings, streamline messaging guests, and assign ta...
2023-12-2222 minSTRonomicsDeep Dive Into "Real" Market AnalysisThis episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.In this episode, Bill Faeth and Kenny Bedwell discuss the considerations and strategies when investing in real estate and markets. They explore the importance of understanding the markets, finding value in data and doing thorough research. They caution against solely relying on real estate agents and emphasize the importance of doing one's own due diligence. The conversation also brings to light the significance of identifying underserved markets with quality hosts, considering hosting quality and location within markets, understanding market ratings, and assessing th...
2023-12-2126 minBill Faeth UnfilteredTom Lyons - Revenue Management Strategies
StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi!This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.Host Bill Faeth welcomes Tom Lyons, revenue management expert from Casado.Tom's Background:Transition from script supervisor to success in revenue management.Worked with W Hotels, Hilton, and joined Casado.Casado: a community focusing on short-term rental improvement.Offers franchise and management models for market support....
2023-12-1927 minSTRonomicsWhy Before The WhyThis episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.In this episode of STRonomics, hosts Bill Faeth and Kenny Bedwell, founder of STR Insights, discuss the importance of understanding one's 'why' in the realm of property investment and the role of coaching in their respective careers. They share their personal experiences and motivations, emphasizing the act of giving to enrich others' lives and the fulfillment it brings. They also talk about developing confidence through community and shared experiences. The episode concludes with a reminder for listeners to create their team of sp...
2023-12-0726 minBill Faeth UnfilteredHank Norman - Personal Brand Builder of Grant Cardone, Mel Robbins, Steve Harvey and more
StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi!This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.Bill Faeth introduces Hank Norman as a modern-day media mogul and Brand Builder who has worked with prominent figures like Steve Harvey, Grant Cardone, Mel Robbins, and more.Hank Norman emphasizes the importance of addressing your audience as a single individual, not a group, to create a more authentic connection.The Importance of Addressing a Single Person:...
2023-11-2828 minBill Faeth UnfilteredEliminate the Suck! The Summit Mindset with Scott Miller
This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.Introduction (00:00 - 02:00):Bill Faith welcomes listeners to STR Unfiltered and introduces the special guest for the episode, Scott Miller, author of "The Summit Mindset."Scott Miller's Background (02:00 - 05:15):Bill highlights Scott Miller's extensive experience as a CEO in the beverage industry and his history of building successful companies.The Summit Mindset (05:15 - 08:30):Scott explains the concept of "The Summit Mindset" and how it relates to achieving success in both business and life....
2023-10-2717 minBill Faeth UnfilteredThe #1 Way To Separate Yourself From Your Competitors
This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.In this episode of "STR Unfiltered" hosted by Bill Faith, listeners are encouraged to take two extra steps to stand out and excel in the short-term rental (STR) industry. Bill emphasizes that these extra efforts, while simple, require discipline, commitment, and self-drive, and they cost nothing.Key Points:The Importance of Going the Extra Mile: Bill shares his personal experiences in sports and business to underscore the significance of going beyond what's expected. Successful athletes like Tiger Woods an...
2023-10-1012 minBill Faeth UnfilteredThe #1 Marketing Tool You Need in Your STR Toolkit
This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.In this episode of "STR Unfiltered," host Bill Faith, a seasoned entrepreneur with extensive business experience, discusses a crucial skill for STR hosts and investors: marketing. Bill emphasizes the importance of mastering marketing to succeed in the short-term rental industry and provides a powerful marketing tool.Key Points:Business Acumen: Bill brings his 29 years of entrepreneurship, including 29 startups and 18 exits, to the world of short-term rentals. He believes that having business experience is vital for success in the in...
2023-10-0610 minBill Faeth UnfilteredWhy Geographic Diversity is a Good Thing in Your STR Portfolio
This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.In this episode of the "STR Unfiltered" podcast, host Bill Faith discusses the importance of geographic diversification in short-term rental (STR) and real estate investments. Bill highlights several key reasons why investors should consider diversifying their property portfolios across different locations:Mitigating Natural Disaster Risks: Bill shares personal experiences of how natural disasters, like hurricanes and wildfires, can impact rental properties. Geographic diversification reduces the risk of losing multiple properties in one area due to unforeseen events.Revenue Di...
2023-10-0311 minBill Faeth UnfilteredYou Need These 3 Skills to be a Great Cohost
This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.In this episode of "STR Unfiltered," host Bill Faith delves into the essential skills required for successful co-hosting in the short-term rental industry. Bill outlines three crucial skills that every exceptional co-host needs:Underwriting Properties: Co-hosts must excel at assessing the potential of a property. Bill emphasizes the importance of identifying underperforming properties and knowing how to elevate their revenue potential. He suggests offering your services for free initially to build trust and prove your abilities.Marketing Expertise: Co...
2023-09-2911 minSTRonomicsHow to find the best STR Realtor & When to fire themBill Faith and Kenny Bedwell, hosts of STRonomics podcast, discuss the importance of choosing the right short-term rental (STR) realtor and when to consider ending that relationship.They highlight the significance of finding an STR realtor who understands the market and the specifics of STR investments.Segment 1: Why Choosing the Right STR Realtor Matters
Bill and Kenny emphasize that using a regular realtor for STR investments might not be the best approach.
They mention two reputable STR realtors, Avery and Tyler Kuhn, and the importance of finding agents with experience in the STR market.
...
2023-09-2826 minBill Faeth UnfilteredCreating Operational Scale With Virtual Assistants
This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.In this episode, host Bill Faith discusses the vital role of virtual assistants (VAs) in efficiently managing short-term rental properties and businesses. Bill shares insights on how VAs can help property owners and hosts scale their operations. Key takeaways:VAs for Scaling: Bill emphasizes that VAs are essential for operational scale in various industries, including short-term rentals.Maximizing Property Potential: Bill stresses the importance of maximizing property potential, including revenue, ROI, and ADR, through effective marketing.
2023-09-2611 minBill Faeth UnfilteredTURNING GAP DATES INTO PROFIT
This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.Join Bill in this episode as he delves into the secrets of the top 1% of Airbnb earners during the off-season. Bill shares his own strategy for maximizing bookings and revenue at his properties, including his minimum night requirement and the innovative 3-2-1 method (three nights on weekends, two nights during the week, and a one-night gap night).Discover how Bill taps into the psychology of those gap nights to enhance the guest experience. By offering bonus time at a discounted rate, he te...
2023-09-1511 minBill Faeth UnfilteredWHY YOUR INVESTMENTS ARE SUCKING RIGHT NOW
This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.In this engaging episode of STRUnfiltered, Bill delves into the critical reasons why your investments might be faltering at this very moment. He begins by shedding light on the common pitfalls investors encounter, such as acquiring underperforming properties with insufficient due diligence. Many individuals, he notes, have been chasing real estate markets without a comprehensive understanding of their chosen properties.Bill takes a deep dive into the concept of EBITA (Earnings Before Interest, Taxes, and Depreciation), emphasizing that net cash flow reigns supreme wh...
2023-09-1212 minBill Faeth UnfilteredDonât FâUp Your Portfolio with Cost Segs & 1031's
This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.In this episode, Bill shares his concerns about the hurried approach many take when considering 1031 exchanges, viewing them solely as a tax deferral tool. He emphasizes the importance of long-term thinking and highlights the potential pitfalls if there's a lack of available cash in case of emergencies. Bill advises against the reckless use of 1031 exchanges and urges listeners to conduct a thorough analysis of their cash reserves before proceeding with one. He emphasizes that they do have the potential to work but th...
2023-09-0812 minBill Faeth UnfilteredThe Core Four in STR Marketing
This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.In the latest episode of STRUnfiltered, Bill shares the secrets behind his short-term rental success, breaking it down into four essential strategies.First, he delves into the world of listing optimization, emphasizing the importance of a strategic approach to enhancing your property portfolio. Bill advocates setting benchmarks when refining listing details to gauge the impact of your changes effectively.Next up is email marketing, with Bill revealing how platforms like Stayfi can help you capture guest emails for offering exclusive perks, su...
2023-09-0514 minBill Faeth UnfilteredFires. Hurricanes. Don't get under insured.
This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.In this installment of STRUnfiltered, Bill delves into the crucial aspects of safeguarding your future self by ensuring the comprehensive insurance coverage of your properties.Having encountered numerous individuals who put immense effort into establishing and maintaining their properties as supplementary income sources alongside their W-2s, Bill notes a concerning trend: many of these property owners lack sufficient insurance coverage for unforeseen natural disasters.Bill recounts his own predicament involving his cabin in Whitefish, Montana, which faced the imminent threat of a fo...
2023-08-2907 minBill Faeth UnfilteredPumpkin Planning Your STR Portfolio into a SUPER PORTFOLIO
This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.In this episode of STRUnfiltered, join Bill as he delves deep into the insights from Mike Michalowicz's transformative book, "The Pumpkin Plan," uncovering the essence of cultivating a âSuper Pumpkinâ.Bill vividly illustrates how, while achieving a degree of success with his Beach Mountain property, it fell short in comparison to the remarkable cash flow and growth observed in his other exceptional properties. Conducting a meticulous evaluation of the situation, he recognized that redirecting his equity towards a property with untapped growth potential was th...
2023-08-2508 minBill Faeth UnfilteredDon't buy just for the Cost Segregation
This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.In the most recent episode of STRUnfiltered, Bill opens up by discussing Mike Michalowicz's impactful book, "The Pumpkin Plan," which has significantly influenced his approach to property investment. He vividly illustrates the concept of cultivating success by trimming the smaller pumpkins, allowing the larger ones to flourish.Bill delves into his perspective on the pivotal role of time and money in driving individuals toward real estate ventures. His ultimate objective revolves around achieving his financial milestones with a minimal number of properties. Rather th...
2023-08-2211 minBill Faeth UnfilteredAdvanced Marketing You Will Want This Fall/Winter
This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.In the latest episode of STRUnfiltered, Bill delves into cutting-edge marketing techniques that can elevate your STR's appeal and secure numerous bookings throughout the Fall and winter seasons.At the heart of your short-term rental business, the cornerstone remains hospitality. Bill underscores the significance of engaging with your guests, demonstrating that their comfort and concerns are of paramount importance. He astutely notes that apprehensions about guest disengagement from email subscriptions are natural. The solution lies not in ceaseless sales pitches for your property, bu...
2023-08-1514 minBill Faeth UnfilteredThe tale of the lazy host that got #Airbnbust(ed)
This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.In this episode of STRUnfiltered, Bill dives deep into demystifying the hashtag #Airbnbust. He lays out the essential connection between sprucing up your property's marketing and amenities and navigating through the winter season without a hitch.Bill shares his practical approach to property evaluation and opens up about his strategy of letting go of well-performing properties to seize new investment opportunities. He emphasizes the need for a genuine market interest, underscoring that lukewarm excitement just won't cut it when making in...
2023-08-1116 minSTRonomicsStop Robbing Your Future w/ a HELOCThis episode of STRonomics is proudly sponsored by MarketMySTR.com, the leading marketing platform for STR Industries.In the latest episode of STRonomics, Bill and Kenny engage in a candid discussion about their perspectives on Home Equity Line of Credits (HELOCs) and their potential to significantly impact one's investing prowess.They delve into the common practice among investors of utilizing a HELOC by leveraging their primary residence, underlining that while this might seem appealing, it could prove detrimental if not approached with careful consideration. A pivotal point they stress is that venturing into this avenue s...
2023-08-1030 minBill Faeth UnfilteredWhy you need SUPER PHOTOS for your property
This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.In this exciting new episode of STRUnfiltered, join Bill as he reveals his top secrets to make your photos pop and transform them into SUPER PHOTOS.Bill dives into the importance of staging your property correctly and shares invaluable tips on finding a photographer who specializes in short-term rental photography.Discover how Bill is approaching his Whitefish, Montana property with his innovative milkshake bar and learn what elements he focuses on to reinvent your listing.Lastly, ha...
2023-07-2113 minBill Faeth UnfilteredHow I manage my debt so I am always ready to buy!
This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.In this week's STRUnfiltered, Bill unveils the secrets behind his successful management of debt, ensuring he's always geared up to invest in new short-term rentals.Discover the strategic approach Bill takes when it comes to securing loans and how he forges strong relationships with local commercial banks. You'll learn why viewing the loan process as an interview with the bank and its programs is a game-changer!Ever wondered how credit cards can be utilized to their fullest potential? Bill has the an...
2023-07-1814 minBill Faeth UnfilteredHow To Get More Return Guests
This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.Bill talks about what he personally does to keep his guests engaged and feel valued throughout the length of their stay and especially during the check out period.[0:05] Introduction[0:40] Checking Out Transition[1:20] Reciprocity[2:15] Selling A Feeling[3:25] Helping The Cleaners[4:05] The Faeth Family[4:50] Transition Mode[5:29] MarketMySTR[8:15] Following Up[11:20] Closing RemarksTake the next step towards growing your vacation rental business by enrolling in the ST...
2023-06-0612 minSTRonomicsIs being a superhost worth it?Welcome to another episode of STRonomics, where Kenny Bedwell joins forces with Bill Faeth to bring you the latest insights from the ever-evolving world of short-term rentals. Join the conversation as they dive into the perks of being a Superhost on Airbnb and uncover the benefits it brings. Discover the nuances between direct bookings and Airbnb/Vrbo bookings, and learn how to strategically market your STR by analyzing your property and understanding your demographics. Plus, find out how to leverage your Superhost status to drive more traffic to your business. Don't miss out on this must-listen episode! Tune in...
2023-04-2021 minBill Faeth UnfilteredHere's My Tech Stack
Welcome to STRUnfiltered with Bill Faeth, the podcast that takes your property to the next level. In this episode, Bill shares his expertise on how your tech stack can positively impact your portfolio. Get ready to level up with valuable tips and tricks, as Bill breaks down the essential tools and technologies that we use. Plus, donât miss out on our affiliate links for exclusive deals in our podcast caption. Tune in now!OwnerRez https://www.ownerreservations.com?referredBy=oru5b14b4ce13xHospitable https://hospitable.com/?grsf=gojytlPr...
2023-04-1812 minSTRonomicsInvesting TrendsWelcome back to Stronomics with Kenny Bedwell and Bill Faeth, your go-to source for the latest and greatest in short-term rental investing! In this episode, they kick off the discussion by revealing the best places in the country to invest in. Gain insights on how saturation can impact growth in different markets and why blindly following influencers can be risky without thorough data analysis. Learn how to future-proof your property in an ever-changing market. Don't miss out on this week's episode packed with valuable tips and strategies for successful short-term rental investing. Tune in now!
2023-04-1324 minBill Faeth UnfilteredYou Can't Buy an STR Without This
Welcome to STRUnfiltered with Bill Faeth, the podcast that elevates your property game. In this episode, Bill reveals the key information you need to know before buying a short-term rental. Learn from the expert as he shares insights on avoiding the biggest mistake of not running proformas, calculating monthly costs for a solid buy-in, and identifying what truly makes a property enticing, without falling for self-justified stories. Tune in now and level up your STR investing game.But that's not all. Weâre thrilled to announce that tickets are now on sale for the 2024 STR...
2023-04-1112 minSTRonomicsKey Data For Investing & OperatingIn this weekâs episode of STRonomics, solo host Bill Faeth steps up to the mic as his co-host Kenny Bedwell takes the week off to celebrate exciting news. Bill discusses how to find a profitable market using gross ROI filtering and learn how to analyze occupancy and pricing to avoid common pitfalls. Gain insights into understanding expenses and managing cash flow to ensure consistent month-over-month success. Plus, find out why ranking on page one is crucial to achieving maximum bookings. Tune in now!Build your momentum with our 8-week Accelerator Program. Itâs desi...
2023-04-0626 minBill Faeth UnfilteredLeveling Up Your Properties
Welcome to STRUnfiltered, where Bill Faeth shares his expertise on leveling up your property. In this episode, Bill emphasizes the importance of preventative maintenance and preplanning before purchasing. He shares insights on how to calculate your property's amenities and their impact on profitability. Bill also discusses what causes a decrease in your properties year over year. Tune in for valuable tips on taking your property to the next level.But that's not all. Weâre thrilled to announce that tickets are now on sale for the 2024 STR Wealth Conference, featuring âThe Peopleâs Sharkâ Daymond J...
2023-04-0411 minSTRonomics7 Steps to Successful STR InvestingWelcome to this episode of STRonomics, where Bill Faeth and Kenny Bedwell reveal the 7 essential steps to succeed in short-term rental investing. Learn how to identify your goals and align them with your property, select the perfect market, and chose the right real estate agent. Discover the importance of banking and funding, asset and liability protection, and designing a property that stands out. Plus, weâll share insider tips on setting up your property efficiently and gaining a competitive edge through marketing. Donât miss this crucial episode, it's a game-changer for your STR business!Build your mome...
2023-03-3025 minSTRonomicsTop 3 Monthly Metrics to TrackIn this episode of STRonomics, Kenny Bedwell and Bill Faeth dive deep into the top three metrics that property owners should track. Discover how to differentiate yourself from competitors, reduce your booking lead time, optimize your pricing strategy, and monitor your financials for success. You wonât want to miss this valuable conversation!Watch this podcast each Thursday on our Youtube Channel:Â https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kAExclusive Pricelabs Offer Here! Use code BILL25 & get 25% off for the first 3 months (offer valid for new users only)Take the...
2023-03-2322 min