Podcast appearances and mentions of bill faeth

Futurestay: www.futurestay.com/bill Jonathan Lazzarinojonathan@theshorttermshop.com(832) 914-5012 Thinking about investing on the Alabama Coast? I've been doing deals down here for a decade—and today I'm 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 isn't just hype—it's the local, boots-on-the-ground insight you need to make smart moves in Fort Morgan, Gulf Shores, and Orange Beach. 02:20 Meet Jonathan Lazano: Gulf Shores Real Estate Expert 03:00 Current Market Trends in Gulf Shores 04:41 Investment Strategies for Gulf Shores 07:09 Impact of the New Airport on Gulf Shores 10:42 Future Developments and Opportunities 16:02 The Value of Amenities in Real Estate 19:45 Conclusion and Contact Information ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On Bill Faeth Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #BFUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

Futurestay: www.futurestay.com/bill There's a lot of noise out there about the Airbnb update—but here's the truth: don't freak out. If you're using a PMS like OwnerRez, Hospitable, or Guesty, just disclose what you're doing in your listing. Background checks? Contracts? Email collection? Say it upfront. This isn't a panic moment—it's a wake-up call to own your customer and build your email list the right way. I'm sharing how I've pushed to 43% direct bookings using simple tools like MarketMySTR and Futurestay, plus the two extra steps that make the biggest difference in profit. 00:00 Airbnb Update: What's Really Changed? 02:30 Owning Your Customer: Strategies and Tips 05:46 The Importance of Taking Extra Steps 07:33 Investing in the Right Properties 08:51 Maximizing Direct Bookings 16:15 Final Thoughts and Caution ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On Bill Faeth Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #BFUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

http://www.futurestay.com/bill In 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 by small-scale operators, not large companies. FutureStay aims to level the playing field for these smaller operators by providing an easy-to-use platform for managing direct bookings, complete with features like dynamic pricing and Google Vacation Rentals integration. Bill emphasizes Futurestay's ability to transform any Airbnb listing into a highly converting direct booking site within minutes. Phil discusses the importance of optimizing Airbnb listings and the benefits of a direct booking loop. The episode offers listeners valuable tips on managing their short-term rental listings effectively, including leveraging OTAs and ensuring their listings are optimized. Bill and Phil also touch on the importance of customer retention and the various ways property owners can increase direct bookings. As a special offer, listeners can get a discount on Futurestay's services by visiting futurestay.com/bill. 00:00 Introduction 01:23 The Hair-Off Challenge 03:19 Phil Kennard's Journey into Entrepreneurship 05:36 From Video Games to Real Estate Tech 11:49 Entering the Short-Term Rental Market 15:17 The Birth of Futurestay 16:14 Future Stay's Unique Value Proposition 19:42 The Journey to Building the Easy Button 20:44 Challenges with Traditional Website Solutions 22:14 The Direct Booking Advantage 23:42 Understanding the Direct Booking Loop 25:02 Incremental Steps to Increase Direct Bookings 28:25 Future Stay's Unique Offerings 30:48 Optimizing Your Airbnb Listing 35:41 Leveraging OTAs for Direct Bookings 38:58 Final Thoughts and Exclusive Offer ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On Bill Faeth Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #BFUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of the STR Data Lab, Jamie Lane, Chief Economist at AirDNA, chats with Bill Faeth, founder of Build Short-Term Rental Wealth and a 30-year real estate investor. Bill shares his journey into short-term rentals, which began in 2015 after a convincing conversation with an electrician friend. He describes transition from traditional real estate to short-term rentals by purchasing his first property in Gulf Shores, Alabama.  Bill provides insights into his investment strategy, influenced by the Pumpkin Plan book, and breaks down his unique approach to creating 'super properties.' He explains that successful investments rely on leveraging unique attributes like views, proximities, and amenities—elements that make properties stand out in specific markets. Bill emphasizes the importance of patience and the ability to hold out for ideal investments, rather than compromising on less optimal properties. The dialogue extends into financial advice, indicating that now, amidst market volatility, is a prime time for confident investors to make strategic buys, provided they understand both the cash flow potentials and potential depreciation of their purchases.  The conversation also delves into identifying markets that others may overlook, leveraging various data points to mitigate risks and maximize returns. Bill discusses the significance of outdoor enhancements and views, over just the property's internal features, to substantially boost earnings. He advises listeners on practical approaches like employing multiple data tools, grading properties strategically, and capitalizing on off-market opportunities to ensure investments align with long-term goals. The episode underscores the importance of thinking beyond conventional strategies by using comprehensive data and innovative planning for generating superior returns in short-term rental investments. You don't want to miss this episode! ~~~~ https://go.buildstrwealth.com/superpropertygrader https://www.instagram.com/billfaeth73/ ~~~~ Signup for AirDNA for FREE

https://buildstrwealth.com/proforma http://www.futurestay.com/bill In 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 impact profitability. They also highlight the importance of understanding your ideal guest's preferences and designing properties to meet their needs. The episode concludes with a pro tip: include a 'just in case you mess up' buffer in your proforma by adding 10% to expenses and subtracting 10% from estimated revenue. This strategy provides a safety net for unexpected costs, helping investors make better-informed decisions. To further aid listeners, Bill offers access to his proforma and other investment tools through links in the show notes. 00:00 Introduction to Bill Faeth Unfiltered 00:21 Hidden Costs of Short-Term Rentals 01:13 Travel and Carry Costs 02:14 Unexpected Expenses in Property Management 03:03 Importance of Accurate Performance 08:32 Marketing and Software Costs 11:10 Designing for Your Ideal Buyer 13:28 The Just-In-Case Buffer 15:52 Conclusion and Final Thoughts ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On Bill Faeth Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #BFUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

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 and offers tips on managing debt between spouses for better credit outcomes. Chris shares his journey of rebuilding his credit, emphasizing the value of starting with small credit cards and gradually building up. Bill discusses the benefits of having children on parents' credit cards to help them establish a strong credit history early. The episode concludes with Bill's insights on using credit cards for point hacking to maximize rewards and the best practices for ensuring financial responsibility and readiness when purchasing real estate. 00:00 Introduction and Setup 00:38 Meet the Co-Host: Christopher Wharton 00:52 Planning Your Down Payment Assistance 02:29 Understanding Credit Scores and Their Impact 03:30 Credit Card Management Tips 05:03 Managing Debt and Credit for Real Estate 07:13 Credit Building Strategies 08:38 Credit Card Hacks and Final Tips 12:07 Conclusion and Final Thoughts ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On Bill Faeth Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #BFUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you stuck in the “getting ready to get ready” phase of your business? In this raw and unfiltered conversation, Coach Micheal Burt sits down with multi-business entrepreneur Bill Faeth, who's built over 37 companies and generated more than $1 billion in revenue.From speed over perfection, to the “two extra steps” that most business owners ignore, this episode breaks down EXACTLY what separates those who win fast from those who stall forever.You'll learn:- Why perfection is your enemy in business- How to scale by focusing on revenue-generating activities- The biggest mistake new entrepreneurs make- Why coaching can be a great business—if done right- How to create massive retention by overdelivering earlyThis is a MUST-WATCH for entrepreneurs, coaches, and business owners who are tired of playing defense and are ready to move into massive action.-------------------Events:https://www.coachburt.com/eventsMasterclass:https://offer.coachburt.com/preydrivemasterclassregisterHire Me To Speak:https://www.coachburt.com/hirecoachCheck out my Books:https://www.coachburt.com/resources

Jesse's Midterm Rental Summit: https://midtermrentalsummit.com/ Bill's STR Wealth Conference: https://strwealthconference.com/ Super Property Grader: https://go.buildstrwealth.com/superpropertygrader In 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 unexpected fines. The conversation shifts to strategies for overcoming these hurdles, emphasizing the importance of thorough market research, understanding local regulations, and creative ways to increase property value and manage operational costs. Bill also touches on how understanding market dynamics, such as those in Whitefish, Montana, can lead to substantial financial gain. They explore the concept of midterm rentals, discussing how they can be a viable alternative, especially in markets with high short-term rental competition and regulations. Both highlight the importance of diversifying investments, leveraging market knowledge, and community engagement for long-term success. The episode concludes with a discussion on upcoming events, including the Midterm Rental Summit in San Diego and the STR Wealth Conference in Nashville, where they will share more insights and strategies with the community. 00:00 Introduction to Bill Faeth Unfiltered 00:14 Zoning Violation and Neighbor Issues 01:20 Permit Problems and Environmental Hurdles 01:54 Real Estate Challenges and Personal Stories 04:06 Investment Strategies and Market Insights 09:44 Emotional Ties to Properties 13:35 Diversification and Market Analysis 23:00 Leveraging Local Knowledge for Investment 26:27 Creative Investment Strategies for Seasonal Properties 27:28 Leveraging Local Resources for Business Expansion 29:27 Innovative Approaches to Hotel and Rental Management 31:04 Success Stories and Business Development Insights 32:57 Market Trends and Operational Challenges 34:37 The Future of Midterm Rentals 38:22 Upcoming Conferences and Networking Opportunities 40:28 Final Thoughts and Acknowledgements ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On Bill Faeth Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #BFUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

Super Grader: https://go.buildstrwealth.com/superpropertygrader Proforma: https://buildstrwealth.com/proforma Bill 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 like the 'super grader' method for evaluating potential property investments effectively. 00:00 Introduction to Rental Property Investing 00:08 Common Mistakes in Real Estate Investing 01:11 Importance of Bedroom Count in Property Investment 02:32 Barrier to Entry Costs 04:19 Creative Financing Strategies 05:57 Investing in Condos 07:26 Four Pillars of Real Estate Investment 10:16 Return on Equity Audit 14:12 Super Grader and Performance Metrics 15:50 Conclusion and Final Tips ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On Bill Faeth Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #BFUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

https://strwealthconference.com/ https://buildstrwealth.com/innercircle Bill 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 revitalizing a multi-unit boutique motel in Northern Michigan. Despite initial delays in the renovation due to contractor availability, Tony remains optimistic. He emphasizes the importance of adapting operations, including experimenting with cloud-based management software like Cloudbeds while considering alternatives like Muse. Tony discusses the motel's strategic location, competitive pricing, and future plans. Bill and Tony dive into advanced revenue management strategies, highlighting the benefits of one-night minimum stays. Tony also shares insights on structuring property deals to maximize NOI and using versatile tech stacks for motel management. Overall, Tony's journey showcases the rewards and challenges of moving from traditional short-term rentals to the complexities of running a boutique motel. 00:00 Introduction and Guest Welcome 00:14 The Power of LinkedIn for Business 01:22 Consistency and Engagement on LinkedIn 05:20 Exploring the Motel Acquisition 07:31 Challenges in Renovation and Management 16:50 Property Management and Tech Stack 27:17 Future Plans and Closing Remarks ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On Bill Faeth Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #BFUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

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'—a term he uses to describe the drive to succeed. He also shares his early life experiences, being raised by a single mother and learning valuable lessons from coaches who became his mentors. Both Burt and Faith reflect on their own paths and the concept of finding one's purpose early in life. They also discuss the importance of having a coach and the value of long-term mentorship and exposure to high achievers. Burt talks about the challenges he faced in the business world, like being kicked out of his initial Greatness Factory venue, which taught him the importance of owning assets. He also describes how to convert one's skills and potential into real success through proper vehicles and environments. Faith highlights the significance of immersive experiences at smaller, intimate events for true transformation. The episode concludes with Burt sharing how to engage with his coaching programs and upcoming speaking events, emphasizing the long-term benefits of continuous learning and mentorship. https://www.coachburt.com/ www.instagram.com/michealburt/ 00:00 Welcome to Bill Faith Unfiltered 00:02 Introducing the Greatness Factory 00:38 Meet Super Coach Micheal Burt 01:38 Micheal Burt's Coaching Journey 04:12 The Making of a Championship Coach 08:40 Transitioning to Business Coaching 13:43 Unlocking Potential with Prey Drive 15:21 Building the Greatness Factory 20:49 Entrepreneurial Spirit and Boldness 23:52 The Power of Manifestation 24:24 Creating a Culture of Trust and Purpose 24:45 The Importance of Environment and Surroundings 25:10 Building Deep Relationships 30:55 The Language of Winning 33:01 The Success Cycle vs. The Sewer Cycle 34:30 The Value of Proximity and Immersive Experiences 35:39 The Journey to Mastery 39:02 The Importance of Seizing Opportunities 48:00 Final Thoughts and Contact Information ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On Bill Faeth Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #BFUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

Safety Course - https://breezeway.learnworlds.com/ SnapPower Lights - !NEW 2025! - https://a.co/d/cm8Okzj Rescue Ready Ladder - 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 first significant interaction during one of Bill's mastermind meetings where Ford conducted a detailed safety inspection of a newly-built 12-bedroom property. This inspection revealed numerous missed safety issues, including fire hazards and the improper placement of safety equipment, emphasizing the often-overlooked aspect of urgency in getting properties ready for guests. As the episode progresses, Ford discusses the disturbing reality that most properties are not adequately prepared for emergencies, mentioning that only 2 percent of markets have stringent safety regulations. The episode highlights common mistakes made by hosts, such as the misplacement of fire extinguishers, lack of smoke alarms, inadequate lighting, and the dangers posed by improperly set up grills. Ford also explains the concept of 'vacation brain,' noting that guests often neglect safety precautions while on vacation, leading to an increased risk of accidents. The conversation covers practical solutions, such as installing fire extinguishers in visible locations, ensuring proper lighting, and using child safety locks. Ford also shares insights from his time in the U.S. Coast Guard and as a firefighter, underscoring the importance of proactive safety measures. He stresses the use of escape ladders and the newly available safety products like battery-operated outlet covers with motion sensors. Additionally, the episode touches on the financial implications of ignoring safety regulations, citing examples from Gatlinburg where property owners face costly upgrades due to new safety laws. Ford reveals that safety can serve as a vital marketing tool, and it is significantly underutilized in the industry. Overall, the episode is a comprehensive guide on enhancing the safety of short-term rental properties, offering hosts actionable advice and insights from an industry expert. It concludes with an invitation for listeners to attend Ford's upcoming session at the STR Wealth Conference and to follow him for more safety tips. 00:00 Justin Ford Introduction 00:34 Mastermind Meeting and Property Safety 02:11 The Importance of Safety in Short-Term Rentals 04:12 Justin Ford's Background and Safety Course 13:12 Vacation Brain and Setting Up Safe Properties 18:11 Real-Life Safety Stories 18:40 Marketing Safety in Short-Term Rentals 21:17 Safety Regulations and Challenges 24:57 Grill Safety Tips 28:13 Lighting and Safety Features 33:14 Final Thoughts and Upcoming Events ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On Bill Faeth Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #BFUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

5/50/250 Plan : buildstrwealth.com/550250masterclass In 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 Tyler helped him secure a $65,000 seller credit on a $1.6 million property in Banner Elk, North Carolina. They also discuss a more recent transaction where Bill obtained a $150,000 seller credit on a $3 million property in Montana. The conversation delves into the confusion surrounding traditional concessions versus seller credits and the necessity for agents to understand the difference and how to negotiate them. Tyler explains the steps involved in executing seller credits, emphasizing the importance of having a separate addendum outside the main contract. They provide examples of how seller credits can substantially improve cash on cash returns and property appreciation. The discussion also covers the importance of working with knowledgeable agents who can navigate complex transactions and have experience with seller credits. Bill advises viewers to ask prospective agents about their experience with seller credits and underscores that integrity and thoroughness are crucial traits in an agent. The episode concludes with a reminder that mastering seller credits can be pivotal in optimizing real estate investments. https://www.marketmystr.com/ 00:00 Introduction and Welcome 00:10 Introducing Tyler Coon and Seller Credits 00:41 The Importance of Seller Credits 01:28 How to Handle Seller Credits 02:49 Types of Seller Credits 04:39 Executing Seller Credits 05:33 Common Misconceptions and Legalities 08:34 Negotiation Strategies 10:29 Choosing the Right Agent 12:08 Conclusion and Final Thoughts ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On Bill Faeth Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #BFUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

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 flow, appreciation, debt paydown, and tax benefits. He discusses tools like STR Insights and AirDNA for benchmarking and elaborates on his performance analysis approach. He also touches on the significance of credit and loan qualification, drawing from his personal experience with commercial loans for a hotel acquisition. Bill shares his proactive strategy of meeting quarterly with tax consultants and his stance against zeroing out income to maintain bankability. He encourages a systematic approach to analyzing comps and adapting pricing to move from a beginner to an advanced investor. Bill wraps up by promoting his Facebook group and urging listeners to engage with his content on YouTube and podcast platforms. Super Property Grader: https://go.buildstrwealth.com/superpropertygrader https://www.marketmystr.com/ Join Our Facebook Group: https://www.facebook.com/groups/284886002732508 00:00 Welcome to Bill Faeth Unfiltered 00:03 Introduction to Hatley Pointe Ski Resort 00:53 Real Estate Investment Insights 03:43 Key Components of Short-Term Rental Investments 07:25 Analyzing Market and Property Performance 08:55 Tax Benefits and Financial Planning 13:26 Recap and Final Thoughts 15:04 Join the Community and Subscribe ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On Bill Faeth Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #BFUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

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 service, and differentiating it in a saturated market. Market research and unique positioning are crucial. The third lesson focuses on hiring principles, particularly prioritizing qualities and compatibility over skill, emphasizing tools like DISC profile tests. The fourth lesson is about the critical role of speed in decision-making and execution, particularly in times of crisis like COVID-19. Swift pivoting and rapid response are cited as keys to survival and success. The fifth lesson revolves around developing and continually updating your unique value proposition, which addresses customer problems with solutions that set your business apart. Using diverse pricing models and understanding different buyer types are part of this strategy. Overall, Bill offers actionable advice to help viewers avoid common pitfalls and enhance their own business practices. https://www.marketmystr.com/ 00:00 Introduction: 32 Years of Entrepreneurial Lessons 01:07 Lesson 1: Financial Intimacy 05:43 Lesson 2: Market Need and Differentiation 08:55 Lesson 3: Effective Hiring Strategies 12:03 Lesson 4: The Importance of Speed 18:24 Lesson 5: Unique Value Proposition 25:10 Conclusion: Key Takeaways and Final Thoughts ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On Bill Faeth Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #BFUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

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 holding companies in jurisdictions like Wyoming, Delaware, and Texas. Jeff also highlights the often-overlooked importance of comprehensive insurance coverage, including premises liability, all-risk coverage, and loss of income protection. Furthermore, Jeff provides insights into the Corporate Transparency Act, which mandates federal filing of personal information for LLC owners and its current legal challenges, noting that filing is not currently mandatory. The conversation wraps up with the role of tax strategies in real estate investing, emphasizing collaboration between attorneys and CPAs like Ryan Bakke. Bill underscores the value of having knowledgeable professionals like Jeff Hampton for legal and tax advice, advocating for proactive measures in asset protection and comprehensive risk mitigation. The episode provides a masterclass for investors on crucial legal and insurance details, urging proactive preparation to safeguard assets efficiently. 00:00 Introduction and Welcome 00:55 Introducing Jeff Hampton and Asset Protection 01:38 The Importance of Asset Protection 02:18 Jeff's Journey and Expertise 04:44 Understanding Asset Protection Strategies 11:26 Legal Nuances and State Laws 19:28 Insurance and Risk Management 25:26 Understanding Rental Insurance Exclusions 26:01 Risk Mitigation for High-Risk Assets 26:52 The Importance of Insurance Alignment 28:10 Key Insurance Coverage Areas 30:37 Navigating Loss of Income Policies 32:45 Tax Strategies for Real Estate Investors 38:31 The Corporate Transparency Act Explained 44:03 Final Thoughts and Resources https://www.marketmystr.com/ https://www.youtube.com/channel/UCmirrHkHQfIKR_WCbiCydJg https://www.instagram.com/jeffhamptonstrlaw/ ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On Bill Faeth Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #BFUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

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 his Super Property Grader tool to aid in property analysis and decision-making. He advises focusing on cash flow, appreciation, debt paydown, and taxes when selecting properties and highlights the importance of having a detailed, data-driven approach. For more detailed market insights and the Super Property Grader tool, viewers are encouraged to subscribe and follow his content. Super Property Grader - https://go.buildstrwealth.com/superpropertygrader  https://www.marketmystr.com/ 00:00 Introduction: Avoid These 5 Markets in 2025 00:29 Meet Bill Faith: Your Real Estate Guide 00:51 The Importance of Market Elimination 02:32 Why You Need the Super Property Grader 03:23 Top 5 Markets to Avoid 05:18 Market #1: California 06:35 Market #2: The Poconos 08:29 Market #3: Myrtle Beach 10:56 Market #4: 30A 13:08 Market #5: Texas Coast 17:24 Conclusion: Smarter Investments with the Right Tools ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On Bill Faeth Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #BFUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

Couple's Retreat - https://go.buildstrwealth.com/montanacouples Bill 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 clear criteria when selecting properties, sharing Brea's three must-haves: seeing, hearing, and smelling the ocean. The couple also talks about their experiences with property management companies, detailing their failures and eventual success after taking over management themselves. They highlight the importance of continuous education and alignment on financial goals. Their investment journey includes significant milestones such as their first investment property Bella Vista, and their biggest investment in Banner Elk, North Carolina. They discuss their practical strategies, including leveraging interest-only loans and maintaining a principal account. The couple also touches on the emotional aspects of selling beloved properties to reinvest for better financial returns. The episode concludes with an invitation to their upcoming couples retreat in Whitefish, Montana, aimed at helping couples align their personal and financial goals while enjoying a unique and intimate setting. 00:00 Introduction to Alignment in Investing and Personal Life 00:24 Starting the Journey: Early Misalignments 00:36 Discovering Short-Term Rentals 01:32 First Investment Challenges and Lessons 04:30 Taking Control: Self-Management 05:49 The Importance of Alignment in Investments 10:43 Smith Lake Investment and New Strategies 12:52 Banner Elk: A New Opportunity 15:18 Financial Understanding and Emotional Growth 22:24 The Power of Alignment in Personal and Professional Life 25:58 Invitation to Couples Retreat ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On Bill Faeth Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #BFUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

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 personal journey, his successful business ventures, and his strategic investments in locations set to boom, such as Whitefish, Montana. Additionally, Bill shares insights on innovative methods like using CRM software for direct bookings and nurturing guest relationships. The episode highlights the principle of 'two extra steps,' a concept Bill is writing a book on, which signifies doing what others are unwilling to do. This approach has not only set him apart in the real estate industry but also in life, emphasizing continuous growth and adaptation. The episode concludes with the announcement of Bill's upcoming real estate event in Nashville and his new book release, promising valuable takeaways for anyone looking to excel in the short-term rental market. https://www.marketmystr.com/ 00:00 Introduction 00:04 Airbnb: Debunking the Myths 00:16 Bill Faeth's Background and Event Highlights 00:35 Montana and Personal Life 01:13 Airbnb Strategies and Success Stories 03:34 The Importance of Sales and Marketing 04:22 Two Extra Steps Philosophy 10:57 Challenges in the Airbnb Industry 13:45 Consistency and Quality in Short-Term Rentals 27:38 Personal Stories and Early Ventures 32:45 Flipping Success and Market Trends 33:58 Fast Money, Medium Money, Slow Money 34:45 Personality Types and Investment Goals 38:26 The Importance of Patience in Real Estate 38:50 Questioning the Value of College 42:21 The Power of Consistency and Persistence 43:52 Evaluating and Repositioning Properties 46:29 The Impact of Community and Networking 52:50 The Value of Super Properties 01:00:06 Upcoming Real Estate Event ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On Bill Faeth Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #BFUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

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 as new systems for faster check-in and using larger buses. Despite the challenges of insurance, parts availability, and fuel prices, Billy appreciates the success and enjoyment he derives from his work. They also talk about his volunteer work with the sheriff's office and his love for exotic cars, which he occasionally flips for business and personal use. The discussion wraps up with reflections on the importance of balancing work with personal life and hobbies. Bill encourages Billy to take time off and explore new interests outside of work, emphasizing the need for self-care as an entrepreneur. This episode is a blend of business insights, personal anecdotes, and motivational advice for entrepreneurs looking to innovate and grow. stayfi.com/bill Discount code: BILL https://www.marketmystr.com/ 00:00 Introduction to Bill Faeth Unfiltered 00:14 Revolutionary Product: Stay Fi 01:10 Exclusive Offer for Stay Fi 01:47 Interview with Billy Jinks: Entrepreneurial Journey 03:53 Scaling the Business: Challenges and Strategies 06:26 Innovations in Salt River Tubing 09:44 Managing Logistics and Operations 11:38 Diversifying with Exotic Cars 12:38 Dreaming of the S65: The Ultimate Car Experience 12:58 Challenges in Sourcing Exotic Cars 13:44 Exploring the Turo Business Model 15:31 Volunteering with the Sheriff's Office 16:26 Struggles of an Entrepreneur 18:19 Balancing Work and Personal Life 23:12 Unexpected Opportunities from the Limo Business 25:25 Conclusion and Final Thoughts ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On Bill Faeth Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #BFUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

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/284886002732508  stayfi.com/bill Discount code: BILL ➡️ Connect with us: • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On Bill Faeth Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #BFUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Despite facing challenges, including long commutes and dissatisfaction with his corporate job, Matt persisted and found success in real estate. The discussion also touches on refinancing strategies, the role of mortgage insurance, and the benefits of house hacking. Matt reveals his current portfolio, flipping houses for active income and holding properties for long-term gains. He provides insights into current market trends, the impact of political uncertainty, and the emergence of accessory dwelling units (ADUs) as a solution to the housing shortage. The episode concludes with a focus on the future of real estate investing and the importance of flexibility and resilience in one's strategy. The host encourages listeners to follow Matt's journey through his coaching program and Instagram, emphasizing the value of the 203K loan as a critical tool for real estate investors. stayfi.com/bill Discount code: BILL https://www.marketmystr.com/ ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On Bill Faeth Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #BFUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

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 supportive community in the short-term rental industry. John outlines his future goals of expanding his property portfolio and potentially buying land in mountain regions like Flagstaff. They also discuss the significance of adopting advanced technology and VAs in managing properties efficiently. Bill and John conclude by encouraging new hosts to find their tribe, embrace honest communication, and never hesitate to seek help from the community. stayfi.com/bill Discount code: BILL https://www.marketmystr.com/ 00:00 Introduction to Bill Faeth Unfiltered 00:14 Revolutionary Product: StayFi 01:47 Special Guest: John Hildebrand 02:13 Scottsdale Regulations and Advocacy 03:48 The Importance of Statewide Advocacy 04:56 John's Journey into Advocacy 06:15 Building Arizona for Responsible Tourism 07:26 Challenges and Successes in Advocacy 11:42 Transition to Hilled Homes 11:51 John's Business and Property Management 16:58 Optimizing Property Performance 18:56 Tech Stack and Time Management 21:00 Planning the Ski Season 21:14 Backcountry Adventures and Mastermind Meetings 22:18 Importance of Systems and VAs 22:44 Balancing Business and Personal Life 23:36 Airbnb Ambassador Journey 25:03 Coaching and Mentorship 26:19 Real Estate and Personal Background 27:09 Super Skills and Weaknesses 28:32 Biggest Risks in the Industry 29:29 Future Plans and Investments 31:57 Revenue Management and Competition 35:05 Communication and Accountability 37:27 Finding Your Tribe and Networking 38:36 Overcoming Inferiority Complex 41:32 Conclusion and Final Thoughts ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On Bill Faeth Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #BFUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 11,500+ high-level real estate investors ► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠ In this episode, I sit down with Bill Faeth to tackle year-end tax strategies every real estate investor needs to know. We explore the importance of proper bookkeeping, navigating material participation rules, and the pros and cons of cost segregation studies. Bill and I also discuss why tax planning is about long-term strategy, not just short-term savings, and share actionable tips to optimize your tax position before the year ends. Timestamps: 00:00:00 Intro 00:01:29 Why tax planning requires a long-term mindset 00:03:35 The three checks for proper bookkeeping 00:06:29 Prepaying taxes and IRS interest rate changes 00:09:15 The pros and cons of cost segregation studies 00:11:57 Tax-smart strategies for vehicle purchases 00:14:00 Prepaying expenses to maximize year-end deductions 00:16:34 How to pay your kids and fund their Roth IRAs 00:19:31 Material participation requirements for STR tax benefits 00:24:56 Building a strong audit defense with documentation Interested in working with me? Apply here: ► https://taxstrategy365.com/apply?el=podcast Let's connect! ► Instagram: ⁠https://www.instagram.com/learnlikeacpa/⁠ ► LinkedIn: ⁠https://www.linkedin.com/in/learnlikeacpa/⁠ ► Twitter: ⁠https://x.com/LearnLikeaCPA⁠ ► Facebook: ⁠https://www.facebook.com/learnlikeacpa⁠ ► Tiktok: ⁠https://www.tiktok.com/@learnlikeacpa⁠ *None of this is meant to be specific investment advice, it's for entertainment purposes only.

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 requirements. They stress the importance of planning and executing tax strategies before the end of the fiscal year. Ryan gives actionable advice on prepaying for business expenses and leveraging retirement accounts. You don't want to miss this episode! stayfi.com/bill Discount code: BILL https://www.marketmystr.com/ 00:00 Introduction to Bill Faeth Unfiltered 00:14 Revolutionary Product: StayFi 01:10 Exclusive StayFi Offer 01:47 Meet Tax Expert Ryan Bakke 02:31 Tax Strategies for Business Owners 03:35 Importance of Proper Bookkeeping 06:52 Prepaying Estimated Taxes 10:09 Solo 401k and Retirement Planning 16:27 Paying Your Kids: The Ultimate Tax Hack 20:42 Cost Segregation Strategies 25:12 Conclusion and Contact Information ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #STRUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

Bill welcomes Sam Rubin, the founder of the top luxury 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 and lead to increased bookings and revenue. stayfi.com/bill Discount code: BILL https://www.marketmystr.com/ 00:00 Introduction to Bill Faeth Unfiltered 00:14 Revolutionizing Bookings with StayFi 01:10 Exclusive Offer: 50% Off StayFi 01:50 Special Guest: Sam Rubin 02:41 Sam Rubin's Journey to Park City 08:03 From Uber Driver to Luxury Transportation 11:03 Navigating COVID with Tony Hsieh 15:29 Expanding Services with Abode 18:16 Launching Dunn Concierge Services 19:39 Catering and Family Meals for Large Groups 20:15 The Importance of Connections in Service Delivery 21:30 Enhancing Guest Experience with Personalized Services 22:11 Innovative Grocery Delivery Solutions 27:13 The Impact of First and Last Impressions 29:29 Starting Concierge Services: Tips and Advice 31:21 Monetizing Additional Services 37:07 Conclusion and Final Thoughts ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #STRUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

https://www.marketmystr.com/ https://go.buildstrwealth.com/movetheneedle Bill explores the power of email marketing to increase direct bookings for short-term rental properties. He shares practical strategies including leveraging tools like StayFi for email capture and Market My STR for comprehensive marketing automation. Bill emphasizes the importance of building a 200-day email funnel to foster repeat bookings and discusses how integrating personalized content and multiple communication channels can enhance guest loyalty. He also offers insights into using research tools like ChatGPT and Jasper.ai for creating effective marketing content. The episode provides actionable steps to turn short-term rental businesses into profit-generating and future-proofed ventures. stayfi.com/bill Discount code: BILL 00:00 Introduction to Email Marketing for Short-Term Rentals 00:17 The Power of Repeat Bookings 00:54 Email Marketing: The Key to Direct Bookings 01:20 Tools for Effective Email Marketing 01:58 Building a 200-Day Email Funnel 03:16 Using AI for Research and Copywriting 05:58 Content Strategy for the 200-Day Funnel 13:28 Personalization and Automation 16:03 Conclusion and Next Steps ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #STRUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

https://go.buildstrwealth.com/movetheneedle MarketMySTR: https://www.marketmystr.com/ Co-hosting Business Masterclass: https://buildstrwealth.com/cohost 5/50/250 Plan: buildstrwealth.com/550250masterclass In this episode you'll learn how to break into the Airbnb business without owning a property by becoming a co-host. Bill explains the process, addressing common questions about co-hosting, required skills, and how to make money. He contrasts co-hosting with the riskier Airbnb arbitrage model and provides insights on how to manage and profit from co-hosting ethically. By the end, viewers will have actionable steps to start their short-term rental journey, including marketing strategies and scaling tips to make significant income without upfront investment. stayfi.com/bill Discount code: BILL 00:00 Introduction to Starting Airbnb with No Money 00:11 Why Co-Hosting is the Best Option 01:00 The Pitfalls of Arbitrage 02:16 Understanding Airbnb Co-Hosting 03:13 Transparency in Co-Hosting 05:19 Financial Setup and Scaling 08:22 Maximizing Earnings and Scaling Up 13:05 Targeting High-End Markets 14:24 Building a Brand and Acquiring Clients 19:52 Conclusion and Masterclass Invitation ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #STRUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

Bill welcomes Brianna Chavis, a resilient co-host in the short-term rental (STR) industry. Brianna shares her remarkable journey overcoming significant adversities, including losing her home to a fire and enduring hurricane damages. The discussion highlights her transition from real estate investing to co-hosting to recover financially, underscoring the importance of resilience, safety measures, and proper insurance coverage. Brianna's experiences offer valuable lessons in reviewing insurance policies, ensuring adequate coverage, and the financial implications of policy changes. The episode also emphasizes the strength in community and gratitude towards mentorship. Listeners are encouraged to subscribe for more insightful content. stayfi.com/bill Discount code: BILL 00:00 Introduction and Event Promotion 00:53 Meet Brianna Chavis: A Story of Resilience 01:44 The Day Everything Changed 04:44 Insurance Woes and Lessons Learned 10:18 Navigating Post-Disaster Challenges 11:15 Building a Co-Hosting Business 11:42 Financial Struggles and Survival 12:32 Fire Safety and Property Management 14:36 Success Stories and Case Studies 16:29 Overcoming Natural Disasters 17:20 Lessons Learned and Future Plans 19:29 Final Thoughts and Gratitude ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #STRUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

Bill sits down with Austin Palacios, a wealth manager turned short-term rental investor, to discuss his journey into the rental market and the establishment of his Airbnb property management business in Southern Florida. The conversation reveals strategies for managing and scaling a property portfolio, particularly focusing on high-revenue, luxury properties with pools. Key insights include effective customer acquisition, building authority in a single market, and leveraging inbound marketing. Practical advice such as maintaining a manageable number of properties, using Zoom consultations, and integrating sales and marketing efforts is shared. The importance of building trust and demonstrating value before pitching is emphasized, with further guidance on avoiding common mistakes and ensuring consistent follow-up with potential clients. stayfi.com/bill Discount code: BILL 00:00 Welcome to STR Unfiltered with Bill Faith and Austin Palacios 00:37 Austin's Journey from Wealth Management to Real Estate 01:41 Diving into the Co-Hosting Business 02:49 Challenges and Learning in Property Management 06:01 Exploring Austin's Property Portfolio 09:53 Customer Acquisition Strategies in Co-Hosting 10:55 Lead Generation Strategies 11:23 Sales and Marketing Integration 11:42 Building a Top Airbnb Portfolio 12:16 Effective Co-Hosting Techniques 13:21 Scaling and Managing Properties 15:26 Mastering Sales Calls 17:15 Inbound Marketing and Value Addition 20:55 Final Thoughts and Key Takeaways ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #STRUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

Bill 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 practices for property investment. Bill concludes with advice on focusing on strategic property deals rather than just large-scale investments. stayfi.com/bill Discount code: BILL 00:00 Introduction to STR Unfiltered 00:05 Why You Shouldn't Trust Your Real Estate Agent 00:52 The Importance of Running Your Own Numbers 04:37 Using Data Tools for Accurate Projections 06:03 The Significance of STR Sales Experience 08:11 Speaking the STR Lingo 09:43 The Value of Agent Ownership 10:55 Conclusion and Final Thoughts ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #STRUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

Bill outlines a comprehensive guide to becoming the number one property in your market by focusing on location, views, proximity, unique amenities, and guest-centric design. With specific examples from successful properties, it highlights the importance of a best location that cannot be replicated, ensuring top views, proximity to desired attractions, and offering distinctive amenities. The focus is also on designing for an ideal guest persona, such as 'Wealthy Wendy,' to create an appealing and marketable property. BIll concludes with three bonus strategies, including buying properties wisely, innovating with unique amenities, and leveraging a strong guest profile. stayfi.com/bill Discount code: BILL 00:00 Introduction: Becoming the Top Property in Your Market 00:24 Tip 1: Best Location 02:19 Tip 2: Top Views 04:50 Tip 3: Proximity 06:40 Tip 4: Unique Amenities 10:38 Tip 5: Design for Your Ideal Guest 11:37 Bonus Tips for Success 14:25 Conclusion and Final Thoughts ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #STRUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

Bill walks listeners through the challenges that short-term rental property owners will face in 2024, identifying seven key components to address: Market Saturation, Market Selection, The Kardashian Effect, Budget, Pricing Strategies, Debt Control, and Proforma Use. Faye emphasizes the importance of unique amenities, competitive pricing, and efficient property setup. Additionally, he advises on prudent financial management and the strategic timing of property investments to ensure long-term success. Tune in for actionable insights to enhance your short-term rental investments. stayfi.com/bill Discount code: BILL Unlock Your Potential with Our EXPERT Proforma: https://buildstrwealth.com/proforma Bootcamp Tour: https://go.buildstrwealth.com/tour 00:00 Introduction to STR Unfiltered 00:16 Revolutionary Product: StayFi 01:50 Meet Your Host: Bill Faith 02:45 Challenges in 2024 and Solutions 03:39 Market Saturation and Selection 13:17 The Kardashian Effect in Property Marketing 18:25 Budgeting for Success 20:19 Effective Pricing Strategies 22:23 Managing Debt and Investment Strategies 25:04 Conclusion and Final Thoughts ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #STRUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

Bill sits down with Erik Courson from STR Tech Talk to discuss essential technology and automation tips for short-term rental hosts. They dive into the importance of getting hands-on experience before adopting advanced platforms like OwnerRez, the value of mobile experience, and the critical role of guest messaging. Erik shares insights on using platforms such as Hospitable for better messaging management, integrating AI for optimizing pricing, and the importance of learning from communities. Practical advice is given for both beginners and more experienced hosts on leveraging technology to improve hosting capabilities. stayfi.com/bill Discount code: BILL Bootcamp Tour: https://go.buildstrwealth.com/tour 00:00 Welcome to STR Unfiltered with Erik Courson 00:24 Starting with Technology in STR 01:44 Mobile vs. Laptop for STR Management 02:33 Importance of Guest Messaging 05:20 Advanced Automations and AI in STR 08:09 Building Custom Reports and Dashboards 09:00 Advice for Experienced Hosts 09:30 The Value of Community and Learning 10:46 Closing Remarks and Community Shoutout ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #STRUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

Bill sits down with Avery Carl, a renowned expert in short-term rentals, discusses her preparations for the New York Marathon, balancing family life with professional responsibilities, and her approach to real estate investments. They touch upon the current state of the real estate market, including the best strategies for buying and selling properties amidst high interest rates and market fluctuations. Avery shares her personal investment experiences, emphasizing the importance of diversifying portfolios and learning from mistakes. stayfi.com/bill Discount code: BILL Bootcamp Tour: https://go.buildstrwealth.com/tour 00:00 Introduction to STR Unfiltered 00:16 Revolutionizing Bookings with StayFi 01:55 Avery Carl's Marathon Training Journey 03:50 Balancing Parenthood and Professional Life 07:24 Deep Work and Time Management Strategies 10:05 Current Real Estate Market Insights 20:18 Exploring Small Property Investments 20:43 Ski Property Ventures and Challenges 21:11 Invitation to Ski and Snowboarding Boot Camp 21:55 Market Saturation and Investment Strategies 23:47 Details on One Bedroom Property 26:03 Diversification in Real Estate Investments 30:54 Challenges with Cash Flow Focused Investments 34:33 Lessons from Real Estate Failures 40:05 Conclusion and Final Thoughts ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #STRUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

This week we sat down with Bill Faeth, an 8-figure serial entrepreneur who specializes in short term rental investing. With a portfolio worth $22 million across five states, Bill has mastered the art of creating SUPER PROPERTIES that deliver outstanding returns. Throughout the episode, we dive deep into Bill's strategies for identifying lucrative properties, uncovering hidden gem markets, maximizing returns, and managing properties all using a systematized and repeatable process. If you're an aspiring investor or entrepreneur looking to scale your business and dominate the short-term rental game, this episode is packed with practical advice and proven strategies that you can take into action immediately after listening. RESOURCESDo you need financing for your next home or investment property purchase? Click HERE to schedule a pressure free consultation call with our personal mortgage lender Travis David of CMG Home Loans. He will help assess your current situation and will work with you to map out a plan for the future! ** Looking to buy real estate WITHOUT bank loans, credit, or significant cash? Click HERE to schedule a call with creative finance coaches Jenn and Joe DelleFave. **Click HERE to download Backflip, the all-in-one app for real estate investors. Backflip allows you to analyze deals, run comps and even apply for loans in seconds. The best part is, it's FREE.**If you enjoy the show, please leave us a review on Apple Podcasts or Spotify! It takes less than a minute and makes a huge difference in helping us land high profile guests to best serve our audience. Previous Guests Include:Brandon Turner, Tarek El-Moussa, David Greene, Tony J. Robinson, Mike Ayala, Jamie Gruber, Robert Croak, Mark Simpson, Chad “Coach” Carson, Heather Blankenship, Tim Bratz, J. Scott, Matt Faircloth, Michael Elefante, Devon Kennard, Paula Pant, Jake Harris, and Avery CarlSocial Channels:Instagram: instagram.com/wealthjuiceofficialYouTube: youtube.com/@wealthjuiceofficial**Disclaimer: The information provided on this podcast is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity. The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up to date. Financial markets and investments carry inherent risks. Individuals should conduct their own research and seek certified professional advice before making any financial decisions. The links in the episode descriptions may include referral or affiliate commissions, and we may receive compensation from partner websites.

Bill sits down with Jake Cohen, a top revenue manager, who provides insights on effective revenue management strategies post-COVID. Topics include the importance of market data, PriceLabs Market Research Report, listing optimization, and manual versus automated pricing adjustments. Jake also emphasizes the necessity of regular data review and offers free consultations to enhance revenue management. stayfi.com/bill Discount code: BILL https://www.stepbystepbnb.com/ Bootcamp Tour: https://go.buildstrwealth.com/tour ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #STRUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

Ryan Bakke's Tax Prep: https://retaxprep.com/apply?am_id=billfaeth2205 Bill is joined by Ryan Bakke, a key team member and expert in financial and tax planning. They discuss critical steps for financial stability, including establishing an emergency fund, leveraging 401k matches, calculating the financial independence number, and strategically investing in real estate. Ryan also introduces a new affordable tax preparation program designed for real estate investors. The episode wraps up with insights on the importance of proper tax planning and financial management to avoid costly mistakes and optimize returns. stayfi.com/bill Discount code: BILL https://buildstrwealth.com/innercircle Bootcamp Tour: https://go.buildstrwealth.com/tour ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #STRUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

Bill is joined by Tyler Coon from Savvy Realty. They discuss Tyler's rapid business expansion into multiple more markets over less than two years due to client demand and hiring a director of expansion. Key topics include leveraging strengths, outsourcing weaknesses, effective communication through DISC testing, and evaluating STR market potential in various U.S. regions. They also delve into recent changes in NAR regulations and their impact on buyers, sellers, and real estate agents, along with advice on navigating fluctuating interest rates and the investor market. The episode wraps up with Tyler sharing insights on maintaining effective real estate transactions and the importance of keeping diligent market watch during peak STR buying seasons. stayfi.com/bill Discount code: BILL https://buildstrwealth.com/cohost https://buildstrwealth.com/innercircle Bootcamp Tour: https://go.buildstrwealth.com/tour ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #STRUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

Austin sits down with Bill Faeth a luxury STR investor based in Nashville, Tennesse. Bill is one of the most will known STR operators in the space. Having built the largest STR conference in the entire United States. He breaks down how he started his conference, as well as how he nurtures his past bookings through a 200-day marketing funnel, resulting in 41% of his bookings coming from direct and not Airbnb.Connect with Bill: billfaeth73Connect with Austin: Austin__Palacios

Bill shares his extensive experience in generating significant revenue through co-hosting. He outlines an effective sales process tailored for the Short-Term Rental (STR) market, emphasizing targeted lead generation over traditional mass-appeal methods. Bill discusses the importance of selecting high-value properties, leveraging sales strategies from other industries, and provides a detailed step-by-step guide for closing deals. He also stresses the significance of understanding objections, having a strong follow-up process, and ensuring both decision-makers are involved in sales discussions. Full of practical tips and insights, this episode offers a comprehensive blueprint for anyone looking to maximize their income as a co-host. stayfi.com/bill Discount code: BILL https://buildstrwealth.com/cohost https://buildstrwealth.com/innercircle Bootcamp Tour: https://go.buildstrwealth.com/tour ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #STRUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

Bill welcomes special guest Paula Blankenship, a successful entrepreneur with a rich history in the furniture and paint industries. Blankenship shares her journey from growing up in Tennessee with entrepreneurial parents to creating the 23rd largest paint company in North America. She discusses the importance of vertical integration, the challenges faced during economic downturns, and her groundbreaking product, All-In-One Paint. Blankenship's story is filled with invaluable lessons on resilience, innovation, and the critical mindset needed to succeed in any business. Her insights on simplifying processes, inventory management, and focusing on the next best move provide a masterclass in entrepreneurship. This episode offers a wealth of knowledge for business owners and aspiring entrepreneurs alike. stayfi.com/bill Discount code: BILL Bootcamp Tour: https://go.buildstrwealth.com/tour ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #STRUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

Bootcamp Tour: https://go.buildstrwealth.com/tour Bill 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 expert real estate advice. stayfi.com/bill Discount code: BILL ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #STRUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

Bill Faith and guest Emile Sahkel discuss the critical role of revenue management in short-term rental success. Emile, an experienced anesthesiologist turned revenue manager, shares insights on setting realistic goals, evaluating market conditions, seasonal pricing strategies, and overcoming common mistakes self-managers make. They also discuss leveraging marketing alongside revenue management to boost performance and share real-life examples of how these strategies have significantly increased revenue for high-end properties. Listeners are encouraged to treat their properties as businesses and use comprehensive data analysis and expert tools for optimal results. Couples Retreat - https://buildstrwealth.com/puertorico stayfi.com/bill Discount code: BILL www.buildstrwealth.com/550250masterclass ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #STRUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

Bill addresses common misconceptions about revenue management and outlines key principles for success. The speaker introduces an upcoming series featuring top revenue managers like Emile Sakhel and Jake Cohen, emphasizing the importance of mindset and manual processes in revenue management. Strategies discussed include daily and multiple daily pricing adjustments, importance of minimum night stays, and using market research reports to inform pricing strategies. The host also highlights the role of listing optimization and rankings in maximizing revenue. Future episodes will feature interviews with experts to provide further insights. Couples Retreat - https://buildstrwealth.com/puertorico stayfi.com/bill Discount code: BILL www.buildstrwealth.com/550250masterclass ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #STRUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

Bill shares his methods for building personal connections with guests, emphasizing direct communication, personalized messages, and maintaining high service standards to boost guest satisfaction and generate rebookings. Additionally, Bill outlines the critical role of speed and quality control in managing rental properties effectively. Couples Retreat - https://buildstrwealth.com/puertorico stayfi.com/bill Discount code: BILL www.buildstrwealth.com/550250masterclass ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #STRUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

Bill shares his comprehensive checklist for underwriting profitable properties, emphasizing the importance of intangibles and listing optimization. Broadcasting from a lakefront property in Alabama, he discusses key components such as revenue management, off-platform marketing, and advanced listing techniques. Bill highlights the critical role of high-quality photos, exceptional copywriting, and effective use of dynamic pricing tools. The episode provides a deep dive into his targeted marketing strategies, including Google trends, buy-sell trade groups, and a 200-day direct booking funnel, aiming to help listeners optimize their property listings and boost their revenues. Couples Retreat - https://buildstrwealth.com/puertorico stayfi.com/bill Discount code: BILL www.buildstrwealth.com/550250masterclass https://buildstrwealth.com/innercircle 02:00 Introduction to Property Underwriting 02:40 Location and Marketing Components 03:50 Personal and Property Checklists 05:23 Listing Optimization Strategies 06:35 Revenue Management Insights 11:24 Off-Platform Marketing Techniques 18:20 Conclusion and Final Tips ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #STRUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Challenges Facing Short-Term Rentals 00:26 Welcome to STRonomics 00:28 Market My STR: The Ultimate Marketing Platform 01:35 Can You Make $500,000 on One Short-Term Rental? 02:46 Real-Life Success Stories and Strategies 05:45 The Importance of Market Selection 18:52 Creating Unique Guest Experiences 21:38 Conclusion: Key Takeaways and Final Thoughts 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

Bill shares his strategy for reducing dependence on Online Travel Agencies (OTAs) and boosting direct bookings. He discusses his '550 250 Plan,' which aims to generate $250,000 in income over five years with five properties, each netting over $50,000. Bill details his latest $3 million property purchase in Montana, funded through strategic sales and creative financing. He breaks down essential components of sound investing: cash flow, appreciation, tax benefits, and debt paydown, and provides actionable insights into acquiring and managing profitable short-term rental properties. stayfi.com/bill Discount code: BILL www.buildstrwealth.com/550250masterclass https://buildstrwealth.com/innercircle 00:00 Introduction to STR Unfiltered 00:17 The Power of StayFi for Email List Building 01:18 Exclusive StayFi Discount Offer 01:54 Buying a $3 Million Property for Free 03:23 The 550 250 Plan Explained 03:50 Case Study: Banner Elk Property 05:27 Finding and Evaluating Deals 06:44 Case Study: Gulf Shores Property 08:09 Case Study: Coram Condo 11:25 Executing the 550 250 Plan 13:06 Four Core Components of Sound Investing 21:30 Conclusion and Next Steps ➡️ Connect with us: • Join Our Facebook Group: https://www.facebook.com/groups/284886002732508  • Check Out Our website: https://buildstrwealth.com/  • Bill's Instagram: https://www.instagram.com/billfaeth73 • Brea's Instagram: https://www.instagram.com/breafaeth/  • TikTok: https://www.tiktok.com/@bfaeth  On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level. Subscribe/Follow so you never miss an episode! #STRUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Challenges Facing Short-Term Rentals 01:26 Meet the Hosts: Bill Faith and Kenny Bedwell 01:52 Current Economic Landscape and Interest Rates 06:31 Impact of Political Climate on Real Estate 08:14 Consumer Confidence and Market Predictions 19:09 The Future of Short-Term Rentals 21:22 Conclusion and Final Thoughts 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