Podcasts about str wealth conference

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

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

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

Discover the essential tips to maintaining optimal humidity levels in your home for a healthier lifestyle. Join me as I sit down with Bill Faeth to discuss practical strategies for controlling indoor humidity, preventing mold growth, and enhancing air quality. Learn from real-life experiences and expert advice to create a safer, healthier home environment.Highlights:00:00 - Introduction to the Episode01:00 - Bill Faeth's Health Journey05:00 - The Importance of Prioritizing Health for Entrepreneurs09:15 - Benefits of Sauna and Red Light Therapy14:00 - Biohacking for Mold Exposure and Toxin Removal18:20 - Bill's Retesting and Results with 10X Health21:30 - Overcoming Addictions for a Healthier Life25:30 - Air Quality Hacks and Purification Systems32:00 - The Impact of Healthy Living on Business Success36:00 - Real Estate Investment Strategies for Entrepreneurs42:00 - Where to Connect with Bill Faeth

While there's a lot of buzz about the death of short-term rentals, some landlords are still finding tremendous success with this asset class. Today's guest explains his methodology, pointing to calculation, hospitality, and the “plus ones” as keys to a thriving business. On this episode of Zen and the Art of Real Estate Investing, Jonathan welcomes Bill Faeth, a short-term rental master, with unbelievable tips for creating a memorable experience in your properties. Bill is an Airbnb coach and eight-figure business leader who founded the STR Wealth Conference, the Build STR Wealth Mastermind, and a Facebook group. Over the years, Bill has coached 20,000+ students through his program and has two podcasts: STRonomics and STR Unfiltered. Jonathan and Bill begin the episode by exploring his grandparents' influence on how he chooses investments, his belief in price elasticity, and creating an exit strategy for every investment. Bill outlines the reasons for focusing on higher amenities in his short-term rentals (STRs), ensuring you're applying standardized business principles to your strategy, and FOMO's impact on people's investing choices. He explains the importance of treating clients as highly qualified leads while building rapport and trust, three things your guests should know about you, and buying STRs in areas you enjoy visiting as much as your clients do. Short-term rentals are far from dead, and Bill Faeth's conversation with Jonathan is a mini-masterclass on how to do them right. In this episode, you will hear: Bill Faeith's response to the idea that short-term rentals are dead and why he's a fan of buying during the slower times His belief in price elasticity, along with the “Louis Vuitton” model and the importance of an exit strategy The discipline Bill's family instilled in him as he began to invest on his own Bill's focus on higher amenities to generate more income off one property versus multiple streams that require more management Focusing on priorities with intentionality Applying standardized business principles to your investing strategy How FOMO is impacting people's investing choices The minimal impact Bill's investments have experienced versus investments in the typical areas and the need for deeper research The mindset it takes to ascend, where it originates from, and why you can't take shortcuts to success Treating clients as a highly qualified lead while building rapport and trust, which earns you the right to fail and recover Setting the tone for the post-checkout communication and the 200-day funnel Three things your guests should know about you Enjoying your short-term rentals, buying in locations you love, and clustering Why it isn't realistic to get five-star reviews from every renter and how to handle bad reviews How a lack of consistency could lead to the demise of the short-term rental industry The misinformation surrounding creating LLCs Creating repeat customers with small touches and the plus ones Implementing ideas from other people into your business to add to your success Follow and Review: We'd love for you to follow us if you haven't yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at http://www.trustgreene.com/podcast/zen/124 to download it. Supporting Resources: Build STR Wealth website - buildstrwealth.com Build STR Wealth Facebook group - www.facebook.com/groups/284886002732508 Bill Faeth on Instagram - www.instagram.com/BillFaeth73 Connect with Bill on LinkedIn - www.linkedin.com/in/billfaeth Listen to the STRonomics podcast - stronomics.com Bill and Kenny's Hot Picks - bkhotpicks.com Bill Faeth on TikTok - www.tiktok.com/@bfaeth Website - www.streamlined.properties YouTube - www.youtube.com/c/JonathanGreeneRE/videos Instagram - www.instagram.com/trustgreene Instagram - www.instagram.com/streamlinedproperties TikTok - www.tiktok.com/@trustgreene Zillow - https://www.zillow.com/profile/StreamlinedReal Bigger Pockets - www.biggerpockets.com/users/TrustGreene Facebook - www.facebook.com/streamlinedproperties Email - info@streamlined.properties Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.

In today's episode, we're venturing into the heart of Nashville, Tennessee, for the first-ever live interview on the Short Term Rental Riches podcast, straight from the bustling halls of the STR Wealth Conference. The energy here is palpable, with a crowd of over 2,000 attendees, all eager to soak in the wisdom of industry leaders. Among these luminaries is Marc Hostovsky, whose innovative approach to furnishing short-term rentals has set the stage for a fascinating conversation. Marc's company, Minoan, isn't just another furniture supplier; it's a game-changer for hosts looking to distinguish their properties in a crowded market. As we dive into this special episode, prepare to uncover the layers of strategy, design, and financial savvy that Marc brings to the table, offering a blueprint for success in the competitive world of short-term rentals. In this episode, you'll learn: Revolutionizing STR Furnishings Strategic Partnerships Maximizing Guest Satisfaction Avoiding Common Pitfalls Future-Proofing Your STR As we wrap up this enlightening conversation with Marc, it's clear that the journey to STR excellence is paved with more than just good intentions. It requires a meticulous eye for design, a strategic approach to partnerships, and a relentless pursuit of guest satisfaction.  Remember, in the world of STRs, it's the details that define your success.  Need help managing your short-term rental and you don't want to go it alone? Shoot us a message here and we'll see if we can help. Are you enjoying the podcast? Please subscribe, leave a rating and a review, and share it! This helps us reach others that may find the info helpful as well.

Join me in this episode as I catch up with Candice Menard, Karey Hall, Jillian Heilman, Maria Reith, and Janelle Lowrance at the STR Wealth Conference in Nashville. We dive into their conference highlights, key learnings, and unexpected surprises. Hear them discuss networking, tackling social media hurdles, and the importance of community in the short-term rental industry. They also share their top tips for success in an exciting lightning round! Whether you're a seasoned expert or a newcomer to the STR scene, this episode is brimming with valuable insights and fun moments. Missed the Nashville conference? Don't worry! This episode brings the conference experience right to you. Tune in now! Oh, and don't forget to take advantage of the AMAZING $150 special offer Turno is offering to you as a listener! Check it out here: https://bit.ly/sisterhoodturno HIGHLIGHTS AND KEY POINTS: [02:33] Meet our incredible guests: Candice Menard, Karey Hall, Jillian Heilman, Maria Reith, and Janelle Lowrance [03:20] Discover the favorite highlights from the STR Wealth Conference shared by our guests [07:35] The fascinating topic of Crash Pads and it's potential in the rental industry [08:54] Candice shares her firsthand experience staying in a Crash Pad  [11:56] Karey's takeaways from speaker sessions and her overall conference experience [17:37] Candice' valuable insights gained from the Social Media Sessions at the conference [18:57] Janelle's insight about the importance of authenticity in social media content and its current trend [20:26] Maria's strategies for leveraging Social Media to boost direct bookings and engagement [21:53] Jillian's excitement and experiences attending a live conference [22:49] Karey's decision-making process and motivations for attending the live conference [24:36] Maria's goals and objectives for attending the live conference and what she hoped to achieve [26:12] The lightning round Golden Nuggets “It is so critically important, in my opinion, to have a support system around you.” “Don't ever forget that you are on a mission, you are on a path for your next property. [But] don't forget what you've already done and celebrate that.” “If you're not learning, you're dying.” “Helping someone else actually teaches you.” “There's no shame or blame or judgment about where you are on your journey, where you are, where you were, any of us are, it is all about how we can lift each other up.” “Work on your mindset, making sure that you're really thinking about where you want to be, and you're gonna get there.” “Believe in yourself and take action. Confidence comes from action.” Enjoyed the show? Subscribe, Rate, Review, Like, and Share! Resource Mentioned: Hospitable Hosts 3 - https://shorturl.at/wzV24 Website Link: STR Wealth Conference - https://strwealthconference.com/ The STR Success Accelerator - https://staceystjohn.com/

Reflecting on the STR Wealth Conference in Nashville, Ruben Kanya, host of "The Real Estate Experiment" Show, delves into the insights and key takeaways from this significant gathering of short-term rental industry leaders. Among the highlights, Ruben particularly appreciated the sessions on boutique hotels led by Michael Sjogren and Rich Somers. He views the transition into boutique hotels as a pivotal advancement in a short-term rental investor's career, a step that not only enriches but also paves the way to building substantial wealth through commercial real estate. Noble Crawford's presentation introduced attendees to the potential of leveraging furnished accommodations for government contracts and pilot pads, offering a novel approach to utilizing short-term rental investments. Dr. Rachel Gainsbrugh's session on mid-term rentals resonated with Ruben as well, reinforcing the model he has committed to and seen success with. However, it was Daymond John's rags-to-riches narrative that made a profound impact on Ruben. John's story, highlighting the power of visualization in achieving success, provided a motivational and inspirational element to the conference, underscoring the importance of having a clear mental picture to guide one's journey to success. These sessions collectively offered a wealth of knowledge and strategies for short-term rental investors, from diversifying investment approaches to harnessing the power of vision and mental clarity in pursuit of financial growth and stability. Ruben's reflections not only capture the essence of the conference but also serve as a roadmap for others in the industry looking to elevate their investing career and build lasting wealth.

StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi! This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform. In this episode, the hosts of STR Unfiltered, Bill Faeth and Chris Wharton, reflect on their recently held conference while discussing the lessons learnt, pain points, and possible improvements for future events. The key discussions revolve around the new initiatives by StayFi, the detailed recap of the conference and its vendors, and the unpredicted costs it entails to put on a successful conference. Future areas for improvement, such as venue selection, seating arrangements, and ticketing, were discussed at length. 00:00 Introduction and Welcome 00:15 Introducing HomePage: The Next Level of Marketing 00:49 The Importance of StayFine in Marketing Funnel 01:05 Special Edition with Chris Wharton 01:17 Recap of the Conference 01:41 Behind the Scenes of the Conference 01:57 The Evolution of the Conference 03:35 Challenges and Learnings from the Conference 05:12 The Financial Aspect of the Conference 05:56 Improvements for Future Conferences 09:29 The Impact of Vendors and Speakers 15:04 The Role of Artificial Intelligence in Hosting 25:28 Closing Remarks and Future Plans 27:10 Sponsor Message: Market My STR Watch this episode on our YouTube Channel Every Tuesday & Friday https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508 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

This week we record live from Nashville at the STR Wealth conference! Learn our biggest takeaways from the conference! Welcome to the weekly live podcast hosted by Dave and Will! Every week, we delve into strategies, topics, tips, and tricks aimed at boosting your success as a short-term rental operator. About your hosts: Will stands as the #1 Short-Term Rental Real Estate Agent in New England, licensed in ME, NH, and Vermont. In addition to selling, he owns a small portfolio of STRs across Maine. (www.willvanwickler.com) Dave serves as the CEO of the 5 Star Co Host, an Airbnb management and consulting company. He has extensive experience, hosting thousands of stays on Airbnb. His firsthand knowledge and expertise have assisted numerous operators in replicating his success! (https://5strcohost.com/) --- Support this podcast: https://podcasters.spotify.com/pod/show/hasslefreere/support

One of the newest and hottest industry events, STR Wealth Con, just wrapped last week — and we wanted to know what people thought about the event! In this episode, Zach sits down with Wil Slickers (emcee of the event), Sean Wilkinson (Co-Founder of Hostshare and first-time conferences attendee), and Heidie Henriksen ( a vacation rental industry veteran, to get their thoughts on the content, the community, and the networking at the event. Let us know what you thought of the event by joining the conversation on LinkedIn!  This episode is brought to you by our friends at Turno.  Turno is the smartest way to schedule, pay, and find vacation rental cleaners — think of Turno as an Uber or Task Rabbit for STR hosts.  Simply create an account, describe your listing's cleaning needs, and Turno will match you with cleaners near you.  Turno offers simple, affordable pricing for STR hosts of any size. Single property accounts and Marketplace users get access to all the platform's tools and features for FREE. And they make working with your existing teams easy too, with plans as low as just $6/month per property. Learn more and earn a $150 Amazon Gift Card after you complete your first cleaning.  Have you signed up for Ping yet? Ping makes it easy for guests to be notified when their favorite Airbnbs become available — and it's the secret tool the best Airbnb hosts use to maximize bookings. Sign up today at bnbping.com About the Show Behind the Stays is brought to you twice a week by Sponstayneous — a free, biweekly newsletter that brings subscribers the best last-minute deals and upcoming steals on Airbnb.   You can subscribe, for free, at www.sponstayneous.com.  Behind the Stays is hosted by Zach Busekrus, co-founder of Sponstayneous, you can connect with him on Twitter at @zboozee.

This week, The Trio. (Michael Goldin, Brandreth Canaley, & Wil Slickers) jumps on the podcast to discuss the OTA objectives as we're seeing more and more pressure put on operators to lower rates, minimize fees, and even lock out wholesale rates. If you're in Nashville for the STR Wealth Conference, swing by the Hospitality.FM Podcast Booth and say hi to Wil Slickers & Claire Hooker! This episode is brought to you by our friends and sponsors at sojo! Claim your free amenity kit and get 30 days free with sojo by using this link in our show notes! If you're a young and clever hospitality startup founder, then reach out to us via Good Morning Startups and bring us on as your accelerated advisory group Hospitality Hotline & GMC Report! Hospitality Hotline is open to everyone by using this link!

This week, The Trio. (Michael Goldin, Brandreth Canaley, & Wil Slickers) jumps on the podcast to discuss the OTA objectives as we're seeing more and more pressure put on operators to lower rates, minimize fees, and even lock out wholesale rates. If you're in Nashville for the STR Wealth Conference, swing by the Hospitality.FM Podcast Booth and say hi to Wil Slickers & Claire Hooker! This episode is brought to you by our friends and sponsors at sojo! Claim your free amenity kit and get 30 days free with sojo by using this link in our show notes! If you're a young and clever hospitality startup founder, then reach out to us via Good Morning Startups and bring us on as your accelerated advisory group Hospitality Hotline & GMC Report! Hospitality Hotline is open to everyone by using this link!

StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi! This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform. In this episode of STRUnfiltered, host Bill discusses the topic - 'Are you ready to buy property?' He first encourages listeners to identify the reasons behind their decision to invest and also to decide whether it's a lifestyle asset or a financially driven decision. He then talks about the importance of understanding one's 'bankability' and examines the various factors that affect it such as debt-to-income ratio and credit score. He also gives strategies on how to improve bankability and reminds his listeners to plan for multiple deals ahead. Bill ends by inviting his listeners to the upcoming STR Wealth Conference. 02:01 Introduction and Welcome 02:22 Understanding Your Motivation to Buy 02:51 Financially Driven Decisions vs Lifestyle Assets 04:05 Are You Bankable? Understanding Loan Options 04:22 Understanding Your Debt to Income Ratio 05:49 Managing Your Credit Score and Debt 06:48 Strategies to Improve Your Bankability 08:53 Planning Your Financial Investing Strategy 09:36 Setting Your Investment Goals 11:19 Conclusion and Invitation to STR Wealth Conference Watch this episode on our Youtube Channel Every Tuesday & Friday https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508 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

www.STRwealthconference.com In this episode, Mike Sjogren discusses the importance of scaling businesses, the benefits of standard operating procedures (SOPs), and letting go of control. He shares his journey as a specialized real estate investor who has leveraged short-term rentals to fund their freedoms without relying on traditional real estate investing. In addition, Mike offers insights into the significance of recruiting and training virtual assistants for business efficiency. The episode digs deep into Mike Sjogren's keynote from the STR wealth conference about his success in the boutique hotel space and how he has expanded using commercial real estate. The conversation also discusses the value of building relationships with brokers, the need for commercial laundry in hotels, and using virtual assistants for property management. 00:00 Introduction and Importance of SOPs 00:16 Introduction to Short Term Rental Nation 00:47 Announcement: Virtual Assistant Service for Short-Term Rental Business 01:38 Welcome to the Short Term Rental Secrets Podcast 01:49 Scaling in the Boutique Hotel Space 02:39 Invitation to STR Wealth Conference 2024 03:12 Keynote on Building Wealth with Boutique Hotels 03:44 Mike Sjogren's Journey into Boutique Hotels 05:23 The Impact of Short Term Rentals on Financial Independence 05:49 The Advantages of Boutique Hotels 10:20 Case Studies: Building Wealth with Boutique Hotels 14:04 What to Look for in Boutique Hotels 28:55 Differences between Hotels and STRs 32:02 Acquiring a Liquor License and Setting Up a Seasonal Bar 32:51 The Challenges of Expanding Hotel Operations 33:42 The Controversy of Cleaning Fees 34:16 Different Types of Hotels and Their Management 35:34 The Importance of Staffing and Communication in Hotel Management 36:08 The Journey of Scaling a Hotel Business 37:57 The Importance of Time Management in Business 39:08 The Transition from Solopreneur to Manager 39:41 The Role of Standard Operating Procedures in Business 43:14 The Importance of Employee Development 44:23 The Challenges of Scaling a Business 45:11 The Role of Key Performance Indicators in Business 47:59 The Importance of Regular Team Meetings 53:44 The Challenges of Managing a Hotel 55:52 The Keys to Freedom in Business 56:17 The Importance of Good People in Business 57:10 The Role of Cleaners in Hotel Management 01:00:47 The Importance of Partnerships in Business 01:01:19 Conclusion and Final Thoughts Connect with the Hosts Michael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedin https://linktr.ee/mikesjogren Emanuele Pani: Clubhouse | Instagram | Facebook | Linkedin Watch Mike's free masterclass training on www.strsecrets.com/masterclass Learn more about your ad choices. Visit megaphone.fm/adchoices

StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi! This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform. In this captivating episode of STR Unfiltered, host Bill Faeth engages in an enlightening conversation with personal development and business coach, Angie Wisdom. Together, they discuss the importance of self-development, honesty, and motivation in achieving personal and professional goals. Angie shares her transition from financial advisory to coaching, hence realizing the fulfillment derived from helping people attain their potential. They also touch upon the art of setting and maintaining non-negotiable commitments in life, Angie's keynote presentation at the upcoming 2024 STR Wealth Conference, and the concept of 'Non-Negotiable You'. The discussion extends towards breaking down personal excuses, the power of self-accountability, the role of manifestation in achieving goals, and Angie's upcoming women-exclusive event. 00:00 Introduction and Welcome 00:11 Introducing the Special Guest: Angie Wisdom 00:53 Angie Wisdom's Journey and Philosophy 03:10 The Importance of Self-Awareness and Commitment 03:41 Angie's Personal Story and Motivation 07:30 The Concept of Non-Negotiable You 09:52 Overcoming Excuses and Embracing Accountability 14:13 The Power of Manifestation and Self-Reflection 20:02 Promoting the Non-Negotiable You Book and Upcoming Event Learn more about your ad choices. Visit megaphone.fm/adchoices

StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi! This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform. Learn more about your ad choices. Visit megaphone.fm/adchoices

StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi! This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform. Bill Faeth introduces Hank Norman as a modern-day media mogul and Brand Builder who has worked with prominent figures like Steve Harvey, Grant Cardone, Mel Robbins, and more. Hank Norman emphasizes the importance of addressing your audience as a single individual, not a group, to create a more authentic connection. The Importance of Addressing a Single Person: Hank Norman highlights the significance of speaking directly to a single person when creating content, whether on podcasts, social media, or other platforms. He explains that this approach fosters transparency, authenticity, and vulnerability, which are crucial for building a personal brand. Overcoming the Crutch of Talking to Many: Bill Faeth asks how to overcome the habit of addressing a broad audience instead of an individual. Hank Norman advises starting by consciously focusing on the single person you want to connect with. He emphasizes the need to know your ideal audience and create content that resonates with them. He also mentions that targeting a specific person or group may feel limiting at first, but it's more effective in the long run. The Power of Personal Stories and Vulnerability: Hank Norman discusses the challenge of embracing vulnerability and oversharing, especially for beginners in personal branding. He highlights the importance of sharing authentic personal stories, struggles, and solutions, as this creates a deeper connection with the audience. Commonalities Among Successful Personal Brands: Bill Faeth asks if there are commonalities among successful personal brands. Hank Norman mentions the fear of oversharing and the importance of being open and honest about one's journey and challenges. He encourages individuals to share their personal preferences, experiences, and relationships, as these aspects are more relatable to the audience. Ground Rules for Building a Personal Brand: Bill Faeth inquires about the ground rules for building a personal brand. Hank Norman explains that personal growth and attracting like-minded individuals are the two sides of the coin. He stresses the need to provide value beyond just sharing information and to focus on showcasing your lifestyle, interests, and preferences. Sharing Opinions and Controversial Topics: Bill Faeth discusses individuals like Sean Mike, who freely share their opinions on various topics, including politics. Hank Norman advises that sharing opinions and taking a stance on controversial subjects is a personal choice. It adds another layer to your personal brand but may also lead to engaging discussions. First Steps in Building a Personal Brand: Bill Faeth asks Hank Norman for the first steps someone should take to start building their personal brand. Hank Norman recommends finding three aspects of your life or business that genuinely interest you and explain why they light you up. These areas will become the foundation for your content creation. Closing Remarks: Bill Faeth expresses gratitude to Hank Norman and encourages listeners to attend the STR Wealth Conference in February 2024, where Hank will be a keynote speaker. Learn more about your ad choices. Visit megaphone.fm/adchoices

Did you miss this year's STR Wealth Con? STR Wealth Con 2024 is quickly approaching, and it's going to be a game-changer! Join us for an inside scoop where we unveil exclusive insights of the highly anticipated STR Wealth Conference 2024. The STR Wealth Conference is just around the corner, and you won't want to miss it! Connect with the Hosts Michael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedin https://linktr.ee/mikesjogren Mike Reilly: Facebook | Instagram | Twitter Watch Mike's free masterclass training on www.strsecrets.com/masterclass Learn more about your ad choices. Visit megaphone.fm/adchoices

Did you miss this year's STR Wealth Con? STR Wealth Con 2024 is quickly approaching, and it's going to be a game-changer! Join us for an inside scoop where we unveil exclusive insights of the highly anticipated STR Wealth Conference 2024. The STR Wealth Conference is just around the corner, and you won't want to miss it! Connect with the Hosts Michael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedin https://linktr.ee/mikesjogren Mike Reilly: Facebook | Instagram | Twitter Watch Mike's free masterclass training on www.strsecrets.com/masterclass Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform. In the latest episode of STRUnfiltered, Bill delves into cutting-edge marketing techniques that can elevate your STR's appeal and secure numerous bookings throughout the Fall and winter seasons. At the heart of your short-term rental business, the cornerstone remains hospitality. Bill underscores the significance of engaging with your guests, demonstrating that their comfort and concerns are of paramount importance. He astutely notes that apprehensions about guest disengagement from email subscriptions are natural. The solution lies not in ceaseless sales pitches for your property, but rather in imbuing your written content with substantial value. Bill further explores the concept of cultivating a sense of urgency and exclusivity among your guests. By doing so, you craft an environment where they feel like valued members of an exclusive VIP community. This allure kindles their desire to select your property for their forthcoming family getaways. The episode also delves into leveraging Lookalike lists within Facebook ads. This strategic approach presents your property to individuals who mirror the demographics of your prior guests. The integration of this technique with platforms like Airbnb and Vrbo propels your listing's popularity. As rankings on Airbnb operate as a popularity contest, channeling increased traffic toward your listing inevitably enhances your property's visibility and ranking. In essence, Bill's insights empower you to refine your marketing tactics, prioritize guest satisfaction, and ultimately secure a stronger foothold in the competitive short-term rental landscape. [00:00] Intro [00:50] Summer To Fall Mode [02:00] Being A Giver [02:40] Hospitality [03:18] My Email List [04:00] Urgency & Exclusivity [05:15] Taking Care of Your People [06:36] Facebook Ads [10:23] Sending Emails [11:15] Rankings on Popularity [12:30] Follow Friday [13:00] Wrapping Up Unify your data and convert your guests into loyal, repeat customers with smart email, text, and digital marketing by using Stayfi. Click here to learn more > https://stayfi.com?lmref=CfXJjQ Join us February 5-7 at the STR Wealth Conference with Keynote speaker Daymond John! Learn more and get your ticket today before we run out > https://strwealthconference.com/ Watch this episode on our Youtube Channel Every Tuesday & Friday https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508 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

This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform. In this episode of STRUnfiltered, Bill dives deep into demystifying the hashtag #Airbnbust. He lays out the essential connection between sprucing up your property's marketing and amenities and navigating through the winter season without a hitch. Bill shares his practical approach to property evaluation and opens up about his strategy of letting go of well-performing properties to seize new investment opportunities. He emphasizes the need for a genuine market interest, underscoring that lukewarm excitement just won't cut it when making investment decisions. He raises a thought-provoking question about your financial preparedness to take the investment plunge. He's brutally honest about properties that end up being money-draining sinkholes, emphasizing that it's like having a hobby that sucks your bank account dry. Bill also lets you in on the savvy moves he made in Whitefish that paved the way for acquiring another property. Bill is all about enhancing the guest experience. He shares practical tips, including the use of platforms like MarketMySTR—an all-in-one CRM that streamlines property marketing. And don't miss his enthusiasm for the upcoming STR Wealth Conference—an event brimming with valuable insights, especially for those hungry for knowledge. Tune in to this episode for a treasure trove of ideas on how to steer your property toward success even in a market that's in the midst of a correction! [00:00] Tale of the STR Investor [01:40] #Airbnbust [03:05] Super Property [04:42] Audit Your Property [07:04] Interest in Market [08:00] Are You Financially Ready? [12:00] Market Correcting Itself [13:05] MarketMySTR [14:45] Seeing You Succeed [15:50] STR Wealth Conference [16:58] Wrapping Up Watch this episode on our Youtube Channel Every Tuesday & Friday https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508 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

This episode of STRonomics is proudly sponsored by MarketMySTR.com, the leading marketing platform for STR Industries. In the latest episode of STRonomics, Bill and Kenny engage in a candid discussion about their perspectives on Home Equity Line of Credits (HELOCs) and their potential to significantly impact one's investing prowess. They delve into the common practice among investors of utilizing a HELOC by leveraging their primary residence, underlining that while this might seem appealing, it could prove detrimental if not approached with careful consideration. A pivotal point they stress is that venturing into this avenue sans a substantial reserve of savings to sustain a fledgling business could severely undermine one's financial capacity. The fundamental prerequisite for even contemplating a HELOC is to ensure an ample reservoir of funds. Bill passionately asserts that employing a HELOC as an investment strategy displays a lack of prudence, particularly empathizing with individuals aspiring to invest with limited capital. He underscores that the presence of concrete numerical indicators is pivotal; without these, the prospect of property investment should not even be entertained. Stressing the significance of comprehensive financial planning, they advocate aligning investment endeavors with one's long-term life objectives. In conclusion, Bill and Kenny advocate for astute decision-making by advocating prudent financial practices. They underscore the need for strategic thinking and self-investment, presenting a holistic approach to achieving financial well-being.Bill announces the Fall Accelerator course a virtual 8-week intensive program led by expert STR investors, tax & legal professionals, and real estate marketers… (A.K.A. “The Super Team”). With carefully curated key principles revealed at this year's STR Wealth Conference into an actionable blueprint, combining “Go-at-your-own-pace” video lessons with LIVE Zoom consultations. The end result…? A more profitable and risk-adjusted STR portfolio that's aligned with your vision. Clear this link to put your name on the waitlist > https://strsuperteam.com/  Bill and Kenny will also be hosting a virtually free training course scheduled for Wednesday, Aug 23, 2023, at 3 PM EST. In this session, they will share comprehensive guidance on locating VAs, vetting them effectively, and training them for specific tasks. Attendees will have the opportunity to ask questions and gain expert opinions from both Bill and Kenny, making this training a must-attend event for anyone seeking to optimize their business with virtual assistants. Mark your calendars and don't miss out on this invaluable opportunity! Click this link to sign up for the training> https://tinyurl.com/nhhb2k3u [00:03] Introducing STRonomics {01:30] Cost of HELOC [02:55] Don't Sacrifice Primary Residence [05:20] Building A Pool [06:42] Age As A Factor [7:50] Too Big Of A Risk [11:00] Getting More Personal [13:22] Having A Long Runway [18:00] Life Planning [20:15] Two Properties [23:00] Defined Payback Period [26:00] Doing Better [27:42] Fall Accelerator Course [28:50] Talking About Money [29:50] Wrapping Up 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

We almost named this episode "Love Him or Hate Him, Just Don't Ignore Him". It was a 50/50 toss-up and we chose what we chose. We LOVE this episode and are excited to share our conversation with Bill Faeth, Founder of Build Short Term Rental Wealth and Co-Founder of the STR Wealth Conference. Bill is a super smart dude that has a solid grasp on business and numbers and how they all work together in a world where co-hosting is king and the words "professionally managed" might have a different definition or negative connotation depending on who's saying it. There's so much to unpack and we align with Bill on many things... so much in fact that we put a VRMA International panel discussion together that was sparked from recording this episode. For the betterment of our industry and alignment for the greater good, this is a MUST-LISTEN-TO episode! Learn more about your ad choices. Visit megaphone.fm/adchoices

We almost named this episode "Love Him or Hate Him, Just Don't Ignore Him". It was a 50/50 toss-up and we chose what we chose.We LOVE this episode and are excited to share our conversation with Bill Faeth, Founder of Build Short Term Rental Wealth and Co-Founder of the STR Wealth Conference.Bill is a super smart dude that has a solid grasp on business and numbers and how they all work together in a world where co-hosting is king and the words "professionally managed" might have a different definition or negative connotation depending on who's saying it.There's so much to unpack and we align with Bill on many things... so much in fact that we put a VRMA International panel discussion together that was sparked from recording this episode.For the betterment of our industry and alignment for the greater good, this is a MUST-LISTEN-TO episode! Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform. If you are just starting out, this episode is perfect for you. Bill goes through his completely Free Ultimate Guide for STR Hosts and gives you his secret tips throughout the show. [0:05] Intro & Where to Get Guide [0:48] Before the Purchase [3:39] Listing and Marketing [9:47] Don't Screw Your Debt to Income (DTI) [11:05] Advanced Hosting [12:20] Guest Experience [14:14] Furnishing and Design [16:15] Working with Vendors [17:04] Bonus Info [17:35] Closing Remarks Click this Link for access to the > Ultimate Guide for STR Hosts https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA< 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 The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508 My Instagram But that's not all. We're thrilled to announce that tickets are now on sale for the 2024 STR Wealth Conference, featuring ‘The People's Shark' Daymond John as the headline speaker. With over 400 tickets already sold, reserve your spot today. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of STRUnfilitered, Bill talks about what you can do with an $8-a-day Facebook Ad strategy to start moving the needle with your STR listings! [0:05] Introduction [0:20] Facebook Group Discussion [1:20] Rank Breeze [2:00] Changes in the Market [3:50] North Georgia Mountains [4:49] Beach Mountain House [5:50] $8 A Day [9:47] Taking Advantage of A.I. [10:40] Start Today [11:20] If I Did This for the First Time [13:00] Closing Remarks Watch this podcast each Tuesday & Friday on our Youtube Channel: https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA 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 The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508 My Instagram But that's not all. We're thrilled to announce that tickets are now on sale for the 2024 STR Wealth Conference, featuring ‘The People's Shark' Daymond John as the headline speaker. With over 400 tickets already sold, reserve your spot today. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of STRUnfiltered, Bill shares the story of the biggest mistake he's made in his STR career. He goes through the three things that made the property become a failure and teaches you how to avoid what he went through. [0:00] Introduction [0:10] Biggest Mistake of STR Career [1:32] The Story [4:35] How I lost 124k on a Deal [8:20] Timing Has a lot to do with Success and Failure [11:05] Trusting a Young Inexperienced Agent [11:40] Don't Try To Help People [12:35] Putting Eyes on the Property [14:30] Closing Remarks Watch this podcast each Tuesday & Friday on our Youtube Channel: https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA 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 The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508 My Instagram But that's not all. We're thrilled to announce that tickets are now on sale for the 2024 STR Wealth Conference, featuring ‘The People's Shark' Daymond John as the headline speaker. With over 400 tickets already sold, reserve your spot today. Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode of STRUnfiltered, Bill introduces an All-In-One Marketing platform to enhance your STR's performance and make your life easier![0:05] Introduction [0:26] Let's Talk About Marketing [3:20] The Bigger Problem [4:14] The Core Four [5:00] Drive Traffic to Your Page [6:33] Using Excuses [7:35] MarketMySTR [11:45] Closing Remarks Say goodbye to the hassle of managing multiple marketing tools. Let us introduce you to the all-in-one platform that streamlines your marketing efforts and makes your life as a short term rental host a breeze. Sign up for a 14 Day Free Trial at MarketMySTR The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508 My Instagram But that's not all. We're thrilled to announce that tickets are now on sale for the 2024 STR Wealth Conference, featuring ‘The People's Shark' Daymond John as the headline speaker. With over 400 tickets already sold, reserve your spot today. You can find more of Bill online at: Watch this episode on our Youtube Channel: https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share<sid=660cbc9b-4a7e-4ed9-a654-900180b83af1 Learn more about your ad choices. Visit megaphone.fm/adchoices

In this new episode, Bill talks about why he is passing on a great deal out west and why you need to think about every aspect of renovation before you give the green light and buy. [0:10] A House Out West [2:00] What the project needed [3:49] Why it's not a good deal [7:50] Doing your research [9:40] Time is everything The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508 My Instagram But that's not all. We're thrilled to announce that tickets are now on sale for the 2024 STR Wealth Conference, featuring ‘The People's Shark' Daymond John as the headline speaker. With over 400 tickets already sold, reserve your spot today. You can find more of Bill online at: Watch this episode on our Youtube Channel: https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share<sid=660cbc9b-4a7e-4ed9-a654-900180b83af1 Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Bill goes over why taking a risk with liability is not a risk you should take. If you want to protect yourself and your family, think about adding liability insurance to your STR. [0:05] Introduction [0:35] Liability example [1:15] Why you should care about your liability [4:05] Liability Insurance [7:00] Mitigating risk [9:15] Closing wrap up The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508 My Instagram But that's not all. We're thrilled to announce that tickets are now on sale for the 2024 STR Wealth Conference, featuring ‘The People's Shark' Daymond John as the headline speaker. With over 400 tickets already sold, reserve your spot today. You can find more of Bill online at: Watch this episode on our Youtube Channel: https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share<sid=660cbc9b-4a7e-4ed9-a654-900180b83af1 Learn more about your ad choices. Visit megaphone.fm/adchoices

On this new episode of STRUnfiltered, Bill speaks about seriously preparing your financials before buying a short-term rental. Bill highlights the 5 points to implement so you are always Ready To Go! [1:00] 45 Days in Advance [1:24] Credit Score [6:57] Debt to Income Ratio (DTI) [9:55] Personal Financial Statement (PFS) [13:43] Bad Debt [14:07] Getting Ready to Go! The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508 My Instagram But that's not all. We're thrilled to announce that tickets are now on sale for the 2024 STR Wealth Conference, featuring ‘The People's Shark' Daymond John as the headline speaker. With over 400 tickets already sold, reserve your spot today. You can find more of Bill online at: Watch this episode on our Youtube Channel: https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share<sid=660cbc9b-4a7e-4ed9-a654-900180b83af1 Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, I let you into my current Kentucky deal and I show you how my brain works when I am evaluating properties to purchase. [1:00] Don't follow influencers into any market. [1:30] Kentucky property description. [3:40] What can I do to upgrade this property? [8:18] Don't buy if a property doesn't check all your boxes. [8:40] An STR secret tip. The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508 My Instagram But that's not all. We're thrilled to announce that tickets are now on sale for the 2024 STR Wealth Conference, featuring ‘The People's Shark' Daymond John as the headline speaker. With over 400 tickets already sold, reserve your spot today. You can find more of Bill online at: Watch this episode on our Youtube Channel: https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share<sid=660cbc9b-4a7e-4ed9-a654-900180b83af1 Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to STRUnfiltered with Bill Faeth, the podcast that takes your property to the next level. In this episode, Bill shares his expertise on how your tech stack can positively impact your portfolio. Get ready to level up with valuable tips and tricks, as Bill breaks down the essential tools and technologies that we use. Plus, don't miss out on our affiliate links for exclusive deals in our podcast caption. Tune in now! OwnerRez https://www.ownerreservations.com?referredBy=oru5b14b4ce13x Hospitable https://hospitable.com/?grsf=gojytl Pricelabs https://pricelabs.co/users/sign_up?referral=pFGkTd Rank Breeze https://rankbreeze.com/?affiliate=bstrw Touchstay https://touchstay.com Stayfi https://stayfi.com?lmref=CfXJjQ Minoan https://www.minoanexperience.com/ Relay Insurance https://www.relayplatform.com/ Ring https://ring.com Schlage  https://www.schlage.com/en/home/products/products-smart-locks.html Ecobee thermostat https://www.ecobee.com Pentair app https://www.pentair.com/en-us/pentairhome.html BNB CRM https://bnbcrm.com/ But that's not all. We're thrilled to announce that tickets are now on sale for the 2024 STR Wealth Conference, featuring ‘The People's Shark' Daymond John as the headline speaker. With over 400 tickets already sold, reserve your spot today. And for even more STR industry insights, tune in to our newest offering, Super Host Sunday. Get notified of future episodes by texting SUPERHOSTSUNDAY to 844-764-2132. Stay informed and up-to-date on the latest trends in the STR industry. https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA Exclusive Pricelabs Offer Here! Use code BILL25 & get 25% off for the first 3 months (offer valid for new users only) Take the next step towards growing your vacation rental business by enrolling in the STR Host Academy! With our comprehensive training, you'll get the tools you need to increase your profits, attract new guests, and dominate your competition with marketing. Don't wait any longer to start seeing results. Enroll in the STR Host Academy today! https://www.strhostacademy.com/hostacademy 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 The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508 Build STR Wealth: https://buildstrwealth.com/BK Hot Picks: https://bkhotpicks.com/ Instagram: @BillFaeth73 Tik Tok: @bfaeth Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to STRUnfiltered with Bill Faeth, the podcast that elevates your property game. In this episode, Bill reveals the key information you need to know before buying a short-term rental. Learn from the expert as he shares insights on avoiding the biggest mistake of not running proformas, calculating monthly costs for a solid buy-in, and identifying what truly makes a property enticing, without falling for self-justified stories. Tune in now and level up your STR investing game. But that's not all. We're thrilled to announce that tickets are now on sale for the 2024 STR Wealth Conference, featuring ‘The People's Shark' Daymond John as the headline speaker. With over 400 tickets already sold, reserve your spot today. And for even more STR industry insights, tune in to our newest offering, Super Host Sunday. Get notified of future episodes by texting SUPERHOSTSUNDAY to 844-764-2132. Stay informed and up-to-date on the latest trends in the STR industry. Watch this podcast each Tuesday on our Youtube Channel: https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA Exclusive Pricelabs Offer Here! Use code BILL25 & get 25% off for the first 3 months (offer valid for new users only) Take the next step towards growing your vacation rental business by enrolling in the STR Host Academy! With our comprehensive training, you'll get the tools you need to increase your profits, attract new guests, and dominate your competition with marketing. Don't wait any longer to start seeing results. Enroll in the STR Host Academy today! https://www.strhostacademy.com/hostacademy 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  The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508 Build STR Wealth: https://buildstrwealth.com/  BK Hot Picks: https://bkhotpicks.com/  Instagram: @BillFaeth73 Tik Tok: @bfaeth Learn more about your ad choices. Visit megaphone.fm/adchoices

In this week's episode of STRonomics, solo host Bill Faeth steps up to the mic as his co-host Kenny Bedwell takes the week off to celebrate exciting news. Bill discusses how to find a profitable market using gross ROI filtering and learn how to analyze occupancy and pricing to avoid common pitfalls. Gain insights into understanding expenses and managing cash flow to ensure consistent month-over-month success. Plus, find out why ranking on page one is crucial to achieving maximum bookings. Tune in now! Build your momentum with our 8-week Accelerator Program. It's designed to be attended from home and includes all the amazing STR insights revealed during the STR Wealth Conference this past week and the collective decades of business experience of the STR Super Team: https://strsuperteam.com/ Watch this podcast each Thursday on our Youtube Channel: https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA Exclusive Pricelabs Offer Here! Use code BILL25 & get 25% off for the first 3 months (offer valid for new users only) Take the next step towards growing your vacation rental business by enrolling in the STR Host Academy! With our comprehensive training, you'll get the tools you need to increase your profits, attract new guests, and dominate your competition with marketing. Don't wait any longer to start seeing results. Enroll in the STR Host Academy today! https://www.strhostacademy.com/hostacademy 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 The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508 Build STR Wealth: https://buildstrwealth.com/ BK Hot Picks: https://bkhotpicks.com/ Instagram: @BillFaeth73 Tik Tok: @bfaeth Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to STRUnfiltered, where Bill Faeth shares his expertise on leveling up your property. In this episode, Bill emphasizes the importance of preventative maintenance and preplanning before purchasing. He shares insights on how to calculate your property's amenities and their impact on profitability. Bill also discusses what causes a decrease in your properties year over year. Tune in for valuable tips on taking your property to the next level. But that's not all. We're thrilled to announce that tickets are now on sale for the 2024 STR Wealth Conference, featuring ‘The People's Shark' Daymond John as the headline speaker. With over 400 tickets already sold, reserve your spot today. And for even more STR industry insights, tune in to our newest offering, Super Host Sunday. Get notified of future episodes by texting SUPERHOSTSUNDAY to 844-764-2132. Stay informed and up-to-date on the latest trends in the STR industry. Watch this podcast each Tuesday on our Youtube Channel: https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA Exclusive Pricelabs Offer Here! Use code BILL25 & get 25% off for the first 3 months (offer valid for new users only) Take the next step towards growing your vacation rental business by enrolling in the STR Host Academy! With our comprehensive training, you'll get the tools you need to increase your profits, attract new guests, and dominate your competition with marketing. Don't wait any longer to start seeing results. Enroll in the STR Host Academy today! https://www.strhostacademy.com/hostacademy 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  The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508 Build STR Wealth: https://buildstrwealth.com/  BK Hot Picks: https://bkhotpicks.com/  Instagram: @BillFaeth73 Tik Tok: @bfaeth Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we sit with John An, Founder & CEO of TechTape, and dive into all things STR Wealth Conference! This was year two for the hard-hitting conference that takes place in Nashville. Kudos to all involved for getting over 1000 people to attend while other shows in our industry are struggling with attendee-to-vendor ratios and attendees in general. This show was WAY different than any others that we have attended with HIGH ENERGY and a focus on hosts. We talk about what it does right and where it misses. Other vacation rental conferences and organizations can learn a lot from what STR Wealth is doing. We're big fans of John and get to know his and TechTapes' story a little better in this episode. What impresses us about John is how he has immersed himself (the right way) in things that make a real difference from day one and this is why he has found success as a short-term rental thought leader. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to this episode of STRonomics, where Bill Faeth and Kenny Bedwell reveal the 7 essential steps to succeed in short-term rental investing. Learn how to identify your goals and align them with your property, select the perfect market, and chose the right real estate agent. Discover the importance of banking and funding, asset and liability protection, and designing a property that stands out. Plus, we'll share insider tips on setting up your property efficiently and gaining a competitive edge through marketing. Don't miss this crucial episode, it's a game-changer for your STR business! Build your momentum with our 8-week Accelerator Program. It's designed to be attended from home and includes all the amazing STR insights revealed during the STR Wealth Conference this past week and the collective decades of business experience of the STR Super Team: https://strsuperteam.com/ Watch this podcast each Thursday on our Youtube Channel: https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA Exclusive Pricelabs Offer Here! Use code BILL25 & get 25% off for the first 3 months (offer valid for new users only) Take the next step towards growing your vacation rental business by enrolling in the STR Host Academy! With our comprehensive training, you'll get the tools you need to increase your profits, attract new guests, and dominate your competition with marketing. Don't wait any longer to start seeing results. Enroll in the STR Host Academy today! https://www.strhostacademy.com/hostacademy Contact Tyler Coon and his team to get your next Short-Term Rental property under contract! 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 The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508 Build STR Wealth: https://buildstrwealth.com/ BK Hot Picks: https://bkhotpicks.com/ Instagram: @BillFaeth73 Tik Tok: @bfaeth Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we sit with John An, Founder & CEO of TechTape, and dive into all things STR Wealth Conference!This was year two for the hard-hitting conference that takes place in Nashville.Kudos to all involved for getting over 1000 people to attend while other shows in our industry are struggling with attendee-to-vendor ratios and attendees in general.This show was WAY different than any others that we have attended with HIGH ENERGY and a focus on hosts. We talk about what it does right and where it misses.Other vacation rental conferences and organizations can learn a lot from what STR Wealth is doing.We're big fans of John and get to know his and TechTapes' story a little better in this episode. What impresses us about John is how he has immersed himself (the right way) in things that make a real difference from day one and this is why he has found success as a short-term rental thought leader. Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode is a special one because I was able to attend and emcee the STR Wealth Conference out in Nashville. This conference was launched last year by Bill Faeth and Mike Sjogren who are both in our podcast network, Hospitality.FM with their shows STR Unfiltered and STR Secrets. On the last day of the conference, a group of us went back to the short-term rental we were all staying at and had about 20 minutes to get out some of our thoughts and insights to share with all of you listeners on our different podcasts. Featured on this episode is Ruben Kanya with the Real Estate Experiment Podcast, Brian Hatcher who doesn't have a podcast... yet, Natalie Palmer with No Vacancy and Mark Simpson with The Boostly Podcast. If you like this episode then share it with your friends and also give their shows a listen and follow while you're at it! This episode is brought to you by our sponsors at: Vintory - Scaling your property management company? Vintory is giving Slick Talk listeners a free digital copy of their book "From 0 to 500 Properties In 5 Years" and a $50 Amazon Gift Card for those who sign-up to do a demo! Safely.com – The best STR insurance that covers guests, owners, and managers! Making Safely a no brainer! Minut – Minut has more than just security features! They monitor noise, movement, and occupancy all within one device and all Slick Talk listeners get 2 months FREE when they sign up with this link! Hostfully – Use code SLICKTALK for 3 months free of their digital guidebook or $100 off their property management platform! ——– Thank you for tuning into our podcast! Slick Talk is a Hospitality.FM production and you can find more of our shows at Hospitality.FM or anywhere else you listen to your podcasts! Listen to more episodes on our website and take a look at our amazing podcast and network sponsors that make this all possible! You can also listen to our Monday morning podcast, Good Morning Hospitality, where we dive into the industry as a whole in a more casual setting! If you ever want to contact us for guest suggestions or anything else related to the podcast, please fill out our contact form and we will be in touch! Last but not least, we love to connect on LinkedIn! Let's connect there so you can see the daily content we post beyond the podcast! Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to Boostly Podcast Episode 572. In this podcast episode we sit down to recap the STR Wealth Conference in Nashville! You don't want to miss it! Featured on this episode is Ruben Kanya with the Real Estate Experiment Podcast, Brian Hatcher who doesn't have a podcast... yet, Natalie Palmer with No Vacancy and Wil Slickers with Slick Talk: The Hospitality Podcast. If you like this episode then share it with your friends and also give their shows a listen and follow while you're at it! • https://Boostly.co.uk • https://Boostly.co.uk/5steps • https://instagram.com/boostlyuk • https://Boostly.co.uk/guidebook • https://Boostly.co.uk/website • https://Boostly.co.uk/podcast Learn more about your ad choices. Visit megaphone.fm/adchoices

This week we took the lab on wheels in Nashville and recorded a live podcast in Nashville TN @Themaddox a.k.a The Creator house to recap some of our collective thoughts post- Short Term Rental Wealth conference hosted by Bill Faeth & Michael Sjogren The session included some thoughts from leaders in our industry: @boostlyuk - the one and only Mark Simpson a.k.a the guy Airbnb doesn't want you to know about, founder of Boostly and mastermind for putting this creator's house together. Helping short-term rental owners get more direct bookings, more of their “should-be” guests, and more time back with their own vacation rental website. @WilSlickers - the MC of the STR Wealth Conference event and founder of Hospitality.FM Hospitality.FM is a podcast network dedicated to bringing the best hospitality-focused podcasts to those in and around the industry. @Nataliepalmer - Co-host in STRs and the Co-host of Level Up Your Listing Summitt, A three-day event designed specifically for female rental entrepreneurs and Airbnb hosts. @TheRealEstateHacker - Brian Hatcher a.k.a the Brain is a developer with a specialty in tiny homes and the founder of Elite Escapes, a short term rental travel company of 300+ properties available around the globe. Brian is a serial entrepreneur & investor with a background in accounting, finance, & data consulting. @TheRealEstateExperiment - your host Ruben Kanya and founder of InvestedEscapes.com a B2B furnished accommodation provider for corporations with a speciality in servicing insurance policy holders. Ruben is also the founder of InvestedTalent.com a podcast production and content repurposing agency for real estate investors. This episode is brought to you by InvestedTalent.com KEEPING IT REAL: 01:18 The gang at the Creator House 02:53 Protected assets 03:48 Imposter syndrome 05:45 Engaging and reading the audience 07:35 Mindset: #Dothedishes09:23 Creating a plan 09:54 Entrepreneurs creating jobs 13:55 How Mark runs his operations 15:42 Wil's brain dumping 16:39 Trust but verify 18:17 Natalie's calendar 19:45 Brian's accountability calls 20:43 Ruben's notes and looms 25:50 More recap and takeaways 31:38 Implementing your learnings 33:00 Be proactive, not reactive 34:25 Tracking KPIs 36:13 Daily, weekly, monthly goals 37:00 37 touch points 38:39 The Real Estate Robinsons 40:52 Systems and people 41:55 Leveraging your W2 44:52 Thank you! NOTABLE QUOTE (KEY LESSONS): 04:12 “Seeing the wide perspective of all the stories and all the speakers just shows how many different ways there are to do this. There is no starting point.” – Natalie Palmer Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprint Get coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment Hospitable Hosts book: https://amzn.to/3e4LEhE Apply for an American Express Card with this link: http://refer.amex.us/RUBENKr8et?xl=cp01&mpt=v0 You can check out more of our content here: https://bit.ly/3h40ykk SUBSCRIBE TO OUR CHANNEL FOR MORE INSIGHTFUL CONTENT: https://www.youtube.com/channel/UCS9oPb6VQiE4gzofIP03exQ FOLLOW ME ON: Instagram: https://www.instagram.com/therealestateexperiment/ Facebook: https://web.facebook.com/therealestateexperiment/?_rdc=1&_rdr LinkedIn: https://www.linkedin.com/company/the-real-estate-experiment-network Linktree: https://linktr.ee/therealestateexperiment WORK WITH ME: Book a call to work with me and my team: https://calendly.com/rubenkanya/discovery-call Website: https://experimentrealestate.com/ Thanks for Watching! There's only one thing left to do, Let's build! #STRWealthConference #realestatetrends #FinancialNetworking #IndustryInsights #ProfessionalDevelopment

Welcome to the latest episode of STRUnfiltered, where I dive into the highlights of the 2023 STR Wealth Conference. In this episode, I share the most insightful takeaways from the conference, including a recap of the keynote speech by Mike Michalowicz, author of Profit First. Where he spoke about how to prepare your bank accounts and pay yourself for maximum financial success. I also discuss the empowering women's panel and how family is a crucial factor in building a successful business. I discussed the importance of off-platform marketing with Boostly founder Mark Simpson and the role of email marketing in growing your business. But that's not all. We're thrilled to announce that tickets are now on sale for the 2024 STR Wealth Conference, featuring ‘The People's Shark' Daymond John as the headline speaker. With over 400 tickets already sold, reserve your spot today. And for even more STR industry insights, tune in to our newest offering, Super Host Sunday. Get notified for future episodes by texting SUPERHOSTSUNDAY to 844-764-2132. Stay informed and up-to-date on the latest trends in the STR industry. Watch this podcast each Tuesday on our Youtube Channel: https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA Exclusive Pricelabs Offer Here! Use code BILL25 & get 25% off for the first 3 months (offer valid for new users only) Take the next step towards growing your vacation rental business by enrolling in the STR Host Academy! With our comprehensive training, you'll get the tools you need to increase your profits, attract new guests, and dominate your competition with marketing. Don't wait any longer to start seeing results. Enroll in the STR Host Academy today! https://www.strhostacademy.com/hostacademy 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  The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508 Build STR Wealth: https://buildstrwealth.com/  BK Hot Picks: https://bkhotpicks.com/  Instagram: @BillFaeth73 Tik Tok: @bfaeth Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke I recently spoke at my favorite STR event of the year - Michael Sjogren & Bill Faeth's STR Wealth Conference! While I was in Nashville, I asked some of my friends about their biggest takeaways from the conference. So many cool people, so much knowledge being shared, and so many deals that will be done as a result. Let's connect! ► Instagram: https://www.instagram.com/learnlikeacpa ► Tiktok: https://www.tiktok.com/@learnlikeacpa ► Twitter: https://twitter.com/LearnLikeaCPA ► Facebook: https://www.facebook.com/learnlikeacpa ► LinkedIn: www.linkedin.com/in/learnlikeacpa *None of this is meant to be specific investment advice, it's for entertainment purposes only.

In this episode, Ruben discusses the power of investing in oneself and networking to succeed in the real estate industry. Ruben highlights the importance of attending conferences such as the STR Wealth Conference to meet like-minded individuals who can provide valuable insights and support on your journey. He explains that networking is not just about collecting business cards, but rather about building genuine relationships that can help you grow both personally and professionally. Throughout the episode, Ruben shares tips and strategies on how to network effectively, emphasizing the importance of being authentic, listening actively, and following up with people after the initial connection has been made. The Real Estate Experiment is a must-watch for anyone looking to learn more about real estate investing and how to build a strong network of like-minded individuals to support them along the way.  Get Your Airbnb Millionaire Blueprint: https://experimentrealestate.com/#blueprint Get coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment Hospitable Hosts book: https://amzn.to/3e4LEhE #networking #selfdevelopment #realestate

We are so excited to have the famous Julie George on our show! Julie joins us from Australia! Julie is as entreprenuerial as they come. Relating to real estate, she's been a broker, she built and sold a multimillion dollar short term rental hosting business, she's a published author, a public speaker, a coach, and a mentor....Wow! Julie walked us through the progression of her career and shared how she balanced everything between her professional and personal life. What we love about Julie is how she attacks opportunity when she sees a need in any industry. This really shined when she launched her STR hosting company, "Host My Home". In her best selling book, "The Million Dollar Host", she walks through her early days in the industry, and folds the layers back on how she scaled her business to manage over 130 homes, bringing in millions of dollars of revenue, all while creating an enthusiastic and supportive company culture. These days, Julie continues to author books on various aspects of the hospitality business. She travels the world presenting at seminars, teaching others how to accomplish what she has, and she's also a coach and mentor in the short term rental space....AND, you may be seeing her on Netflix soon as the pilot for Hospitable Hosts will launch in the coming months!!! She is one of the friendliest and most charistmatic individuals that we've ever spent time with, and she's an absolute blast to be around! If you'd like to meet and see Julie in action, be sure to travel down to Nashville, TN for the STR Wealth Conference from March 20-22! Get your tickets now at https://strwealthconference.com/ and be sure to use the code "JULIE". Links from the show: https://milliondollarhost.com.au/ https://linktr.ee/milliondollarhost Socials: Facebook: https://www.facebook.com/julie.george.79462 Instagram: @milliondollarhost --- Support this podcast: https://anchor.fm/dave-menapace/support

Mike Sjogren is a short-term rental expert and coach. He has a portfolio of STR properties across 5 states as well as an oceanfront boutique hotel. Mike brings a wealth of finance, business, and real estate experience. He is passionate about helping others create financial independence through real estate so they can pursue their passions and leave their mark on the world. https://www.facebook.com/groups/STRentalsecrets https://www.facebook.com/theAirbnbGuy https://www.instagram.com/the_airbnbguy https://www.youtube.com/c/ShortTermRentalSecretsShow https://www.linkedin.com/in/mikesjogren https://www.clubhouse.com/@michaelsjogren Emanuele Pani is a Commercial and Residential Real Estate Consultant at Signature International Real Estate. Has a degree in accounting and finance. Started his real estate journey working as maintenance until the owner decided to sell the 40 unit apartment building to Emanuele. https://www.facebook.com/emanuele.pani.9 https://www.instagram.com/epani.realestate https://www.linkedin.com/in/emanuele-pani-0b2970105 https://www.clubhouse.com/@epanirealestate Register now to join the next STR Wealth Conference at Miami Beach, FL on September 11-13 by going to http://miami.strwealthcon.com/ Huge thanks to our friends at Vintory for sponsoring this episode. Take the demo now and get $50 Amazon gift by going to this link. Make sure to get Brooke's book for free! Learn more about your ad choices. Visit megaphone.fm/adchoices

Earlier this month, we attended the exclusive STR Wealth Conference in Miami, Florida! Limited to 100 attendees, this conference hosted some of the top names in this niche industry! All who attended left the conference with clarity, vision, and focus for building their business and making their mark in the STR space! In this episode, Dave and Kim share 5 takeaways which may help you in achieving your goals in STR real estate investing! As Dave and Kim work to continue to grow their STR Co-Hosting and Consulting business, don't hesitate to reach out if YOU would like more details, have any questions, or would like some advice on how to approach your next STR investment! Contact Info for Hosts: Dave Menapace Call/Text: 508-277-7716 Kim Menapace Call/Test: 781-738-3403 Or email: thefivestarcohost@gmail.com You can find this episode on YouTube! https://youtu.be/yWGkDabJ0yU --- Support this podcast: https://anchor.fm/dave-menapace/support

Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke Today's episode is really special - this is the full presentation I gave at the STR Wealth Conference in Nashville. I went over a lot of topics, from how I started in Real Estate and the "why" behind what I do, to the nitty gritty of depreciation, RE professional status, and much more. For more information on the STR Wealth Conference, visit https://strwealthconference.com/ If you want your questions answered in next month's Q&A episode, let's connect online: https://www.learnlikeacpa.com/links Listen to the podcast! ► Spotify: https://open.spotify.com/show/6IWCaoz8uRc86CAubE8AAG?si=3c52d87d52454928 ► Apple Podcasts: https://podcasts.apple.com/us/podcast/the-learnlikeacpa-show/id1612272928 Let's connect! ► Instagram: https://www.instagram.com/learnlikeacpa ► Tiktok: https://www.tiktok.com/@learnlikeacpa ► Twitter: https://twitter.com/LearnLikeaCPA ► Facebook: https://www.facebook.com/learnlikeacpa ► LinkedIn: www.linkedin.com/in/learnlikeacpa *None of this is meant to be specific investment advice, it's for entertainment purposes only.

Mike Sjogren is a short-term rental expert and coach. He has a portfolio of STR properties across 5 states as well as an oceanfront boutique hotel. Mike brings a wealth of finance, business, and real estate experience. He is passionate about helping others create financial independence through real estate so they can pursue their passions and leave their mark on the world. https://www.facebook.com/groups/STRentalsecrets https://www.facebook.com/theAirbnbGuy https://www.instagram.com/the_airbnbguy https://www.youtube.com/c/ShortTermRentalSecretsShow https://www.linkedin.com/in/mikesjogren https://www.clubhouse.com/@michaelsjogren Emanuele Pani is a Commercial and Residential Real Estate Consultant at Signature International Real Estate. Has a degree in accounting and finance. Started his real estate journey working as maintenance until the owner decided to sell the 40 unit apartment building to Emanuele. https://www.facebook.com/emanuele.pani.9 https://www.instagram.com/epani.realestate https://www.linkedin.com/in/emanuele-pani-0b2970105 https://www.clubhouse.com/@epanirealestate Register now to join the next STR Wealth Conference at Miami Beach, FL on September 11-13 by going to http://miami.strwealthcon.com/ Huge thanks to our friends at Vintory for sponsoring this episode. Take the demo now and get $50 Amazon gift by going to this link. Make sure to get Brooke's book for free! Learn more about your ad choices. Visit megaphone.fm/adchoices

Mike Sjogren is a short-term rental expert and coach. He has a portfolio of STR properties across 5 states as well as an oceanfront boutique hotel. Mike brings a wealth of finance, business, and real estate experience. He is passionate about helping others create financial independence through real estate so they can pursue their passions and leave their mark on the world. https://www.facebook.com/groups/STRentalsecrets https://www.facebook.com/theAirbnbGuy https://www.instagram.com/the_airbnbguy https://www.youtube.com/c/ShortTermRentalSecretsShow https://www.linkedin.com/in/mikesjogren https://www.clubhouse.com/@michaelsjogren Emanuele Pani is a Commercial and Residential Real Estate Consultant at Signature International Real Estate. Has a degree in accounting and finance. Started his real estate journey working as maintenance until the owner decided to sell the 40 unit apartment building to Emanuele. https://www.facebook.com/emanuele.pani.9 https://www.instagram.com/epani.realestate https://www.linkedin.com/in/emanuele-pani-0b2970105 https://www.clubhouse.com/@epanirealestate Register now to join the next STR Wealth Conference at Miami Beach, FL on September 11-13 by going to http://miami.strwealthcon.com/ Huge thanks to our friends at Vintory for sponsoring this episode. Take the demo now and get $50 Amazon gift by going to this link. Make sure to get Brooke's book for free! Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke. I recently had the privilege of speaking at the Build STR Wealth conference in Nashville, and today we're going over some of the highlights of the day! Check out the official website for the event here: https://strwealthconference.com/ Connect with me online! www.learnlikeacpa.com/links

Mike Sjogren is a short-term rental expert and coach. He has a portfolio of STR properties across 5 states as well as an oceanfront boutique hotel. Mike brings a wealth of finance, business, and real estate experience. He is passionate about helping others create financial independence through real estate so they can pursue their passions and leave their mark on the world. https://www.facebook.com/groups/STRentalsecrets https://www.facebook.com/theAirbnbGuy https://www.instagram.com/the_airbnbguy https://www.youtube.com/c/ShortTermRentalSecretsShow https://www.linkedin.com/in/mikesjogren https://www.clubhouse.com/@michaelsjogren Emanuele Pani is a Commercial and Residential Real Estate Consultant at Signature International Real Estate. Has a degree in accounting and finance. Started his real estate journey working as maintenance until the owner decided to sell the 40 unit apartment building to Emanuele. https://www.facebook.com/emanuele.pani.9 https://www.instagram.com/epani.realestate https://www.linkedin.com/in/emanuele-pani-0b2970105 https://www.clubhouse.com/@epanirealestate If you missed the STR Wealth Conference event and want to get dibs on the recording, just go to https://replays.strwealthcon.com/replays Register now to join the next STR Wealth Conference at Miami Beach, FL on September 11-13 by going to http://miami.strwealthcon.com/ To learn more about Vintory, our STR Secrets sponsor, go to www.vintory.com/str

Mike Sjogren is a short-term rental expert and coach. He has a portfolio of STR properties across 5 states as well as an oceanfront boutique hotel. Mike brings a wealth of finance, business, and real estate experience. He is passionate about helping others create financial independence through real estate so they can pursue their passions and leave their mark on the world. https://www.facebook.com/groups/STRentalsecrets https://www.facebook.com/theAirbnbGuy https://www.instagram.com/the_airbnbguy https://www.youtube.com/c/ShortTermRentalSecretsShow https://www.linkedin.com/in/mikesjogren https://www.clubhouse.com/@michaelsjogren Emanuele Pani is a Commercial and Residential Real Estate Consultant at Signature International Real Estate. Has a degree in accounting and finance. Started his real estate journey working as maintenance until the owner decided to sell the 40 unit apartment building to Emanuele. https://www.facebook.com/emanuele.pani.9 https://www.instagram.com/epani.realestate https://www.linkedin.com/in/emanuele-pani-0b2970105 https://www.clubhouse.com/@epanirealestate If you missed the STR Wealth Conference event and want to get dibs on the recording, just go to https://replays.strwealthcon.com/replays Register now to join the next STR Wealth Conference at Miami Beach, FL on September 11-13 by going to http://miami.strwealthcon.com/ Huge thanks to our friends at Vintory for sponsoring this episode. Take the demo now and get $50 Amazon gift by going to this link. Make sure to get Brooke's book for free! Learn more about your ad choices. Visit megaphone.fm/adchoices

We recorded this episode right after getting off the plane from Nashville, where we attended https://strwealthconference.com/ (STR Wealth Conference). It was so amazing seeing our friends, colleagues, and listeners face to face. On this episode we're sharing some of our big insights from the conference, and some key takeaways that our members also shared from their conference experience. Setting your listing apart from the competition might not require an expensive refab; decor and interior design can help your listing pop and lead to more revenue. STRs are not passive income! Even if you create the minimal workload, you still have to check in on your assets, your team, and have some oversight on your property. Electric car charging stations are becoming more and more standard for rentals. You only need one per property (if you have multiple rentals on the same property); and, this is a lucrative addition as you can make extra money from travelers who may be looking for charging spots while on the road. Take advantage of local tentpole events: everything from small conferences all the way to the Superbowl create prime dates for bookings. Consider taking your listing off of OTAs for those dates and leverage your direct bookings instead. Hire a tax professional that specializes in short-term rentals, or at least one that's experienced in real estate Sergio, https://www.instagram.com/junglehouse.airbnb/ (@JungleHouse.Airbnb) He has lots of live plants in his property, and to keep up with it, he has a service (aside from turnover team!) that comes in to care for the plants every other week, even while guests are staying. They're made aware of this when booking, and often don't mind because the plants themselves are a selling point for the property. Stacy, https://www.instagram.com/lacroixcovington/ (@LaCroixCovington) Make your first impression with a guest within the first 10 minutes of them arriving. If they have any hiccups during their stay, they'll typically be more forgiving if they had a great check-in experience. Mark, https://boostly.co.uk/thanksforthewebsite (Boostly) Ask yourself this question – do you work for yourself, or do you work for Airbnb? If you don't have a direct booking strategy, get one, and start keeping 100% of your rental earnings. Miranda, https://www.instagram.com/homegrownstays/ (@HomeGrownStays) If you do one thing after leaving this conference, it should be trying out https://rankbreeze.com/thanksforvisiting (Rankbreeze), which helps you A/B test and optimize your listing for rankings in Airbnb. Mike, https://www.instagram.com/wanderchatt/ (@WanderChatt ) Network and align yourself with the right people; you are the average of the 5 people you spend the most time with Lori, https://www.instagram.com/goldendeerescapes/ (@GoldenDeerEscapes) Remind yourself why you're putting in all this hard work with the power of visualization. Picture your perfect day and reverse engineer how your STR will help you achieve it. To learn more, and for the complete show notes, visit: https://thanksforvisiting.me/ (thanksforvisiting.me) Resources: Visit thanksforvisiting.me/workshop to watch our Hosting Business Mastery Method workshop! #STRShareSunday: https://www.instagram.com/woodyoustay/ (@WoodYouStay) Thanks for Visiting is produced and published by http://crate.media/ (Crate Media). Mentioned in this episode: Check out our favorite property care app! Breezeway's best-in-class tools help you automate, coordinate, and communicate detailed work at each of your properties, so you can deliver the best experience to guests and homeowners. Breezeway integrates with over thirty Property Management Software systems and IoT devices, meaning you can easily harness property data from your entire tech stack to build stronger programs for scheduling, quality assurance, guest texting, owner reporting, and much more. Best yet, TFV listeners will receive free implementation when...

Welcome, and thanks for checking in today to No Vacancy The Podcast! On this week's episode: My takeaways from the STR Wealth Conference from speakers and from networking Adding personality back into your listing How to stand out in a saturated market Reacting to a host and his pool camera Connect: Show Notes | Start Your Airbnb  Instagram Schedule a 1:1 consultation Podcast Editor: Kelsey Lujan | kelseylujan@gmail.com

Mike Sjogren is a short-term rental expert and coach. He has a portfolio of STR properties across 5 states as well as an oceanfront boutique hotel. Mike brings a wealth of finance, business, and real estate experience. He is passionate about helping others create financial independence through real estate so they can pursue their passions and leave their mark on the world. https://www.facebook.com/groups/STRentalsecrets https://www.facebook.com/theAirbnbGuy https://www.instagram.com/the_airbnbguy https://www.youtube.com/c/ShortTermRentalSecretsShow https://www.linkedin.com/in/mikesjogren https://www.clubhouse.com/@michaelsjogren Emanuele Pani is a Commercial and Residential Real Estate Consultant at Signature International Real Estate. Has a degree in accounting and finance. Started his real estate journey working as maintenance until the owner decided to sell the 40-unit apartment building to Emanuele. https://www.facebook.com/emanuele.pani.9 https://www.instagram.com/epani.realestate https://www.linkedin.com/in/emanuele-pani-0b2970105 https://www.clubhouse.com/@epanirealestate If you missed the event and want to get dibs on the recording, just go to https://replays.strwealthcon.com/replays Register now to join the next STR Wealth Conference at Miami Beach, FL on September 11-13 by going to  http://miami.strwealthcon.com/ Grab your tickets for TJ Tijani's Rental Summit on August 19-20 at https://www.rental-summit.com/

After another week off, Michael Goldin and I jump back on the podcast to discuss whats happened the last two weeks with us and in the latest breaking news in hospitality. You won't want to miss this as I also cover the highlights of the STR Wealth Conference and Michael shares his exciting new adventure! —— Good Morning Hospitality is part of the Hospitality.FM podcast network and a Hospitality.FM production. This show is structured to cover industry news within all of travel/hospitality and is recorded live every Monday morning 7am PST/10am EST so make sure you tune in during our live show on our social media or YouTube and join the conversation! Thank you to all of the Hospitality.FM Partners that help make this show possible and if you have any press you want covered during the show, fill out this form! Learn more about your ad choices. Visit megaphone.fm/adchoices

Mike Sjogren is a short-term rental expert and coach. He has a portfolio of STR properties across 5 states as well as an oceanfront boutique hotel. Mike brings a wealth of finance, business, and real estate experience. He is passionate about helping others create financial independence through real estate so they can pursue their passions and leave their mark on the world. https://www.facebook.com/groups/STRentalsecrets https://www.facebook.com/theAirbnbGuy https://www.instagram.com/the_airbnbguy https://www.youtube.com/c/ShortTermRentalSecretsShow https://www.linkedin.com/in/mikesjogren https://www.clubhouse.com/@michaelsjogren Emanuele Pani is a Commercial and Residential Real Estate Consultant at Signature International Real Estate. Has a degree in accounting and finance. Started his real estate journey working as maintenance until the owner decided to sell the 40-unit apartment building to Emanuele. https://www.facebook.com/emanuele.pani.9 https://www.instagram.com/epani.realestate https://www.linkedin.com/in/emanuele-pani-0b2970105 https://www.clubhouse.com/@epanirealestate If you missed the event and want to get dibs on the recording, just go to https://replays.strwealthcon.com/replays Register now to join the next STR Wealth Conference at Miami Beach, FL on September 11-13 by going to http://miami.strwealthcon.com/ Grab your tickets for TJ Tijani's Rental Summit on August 19-20 at https://www.rental-summit.com/ Huge thanks to our friends at Vintory for sponsoring this episode. Take the demo now and get $50 Amazon gift by going to this link. Make sure to get Brooke's book for free! Learn more about your ad choices. Visit megaphone.fm/adchoices

After another week off, Michael Goldin and I jump back on the podcast to discuss whats happened the last two weeks with us and in the latest breaking news in hospitality. You won't want to miss this as I also cover the highlights of the STR Wealth Conference and Michael shares his exciting new adventure! —— Good Morning Hospitality is part of the Hospitality.FM podcast network and a Hospitality.FM production. This show is structured to cover industry news within all of travel/hospitality and is recorded live every Monday morning 7am PST/10am EST so make sure you tune in during our live show on our social media or YouTube and join the conversation! Thank you to all of the Hospitality.FM Partners that help make this show possible and if you have any press you want covered during the show, fill out this form! Learn more about your ad choices. Visit megaphone.fm/adchoices

The short term rental industry is a fast-growing sector and the good STR deals are flying faster than ever! We've previously talked about how many markets to look at, now we'll give you tips on how to find your next STR 10x faster. We're almost near the biggest event of the STR industry this year in Nashville, TN! Grab your tickets for the STR Wealth Conference at www.strwealthconference.com. See you on June 6-8!

The short term rental industry is a fast-growing sector and the good STR deals are flying faster than ever! We've previously talked about how many markets to look at, now we'll give you tips on how to find your next STR 10x faster. We're almost near the biggest event of the STR industry this year in Nashville, TN! Grab your tickets for the STR Wealth Conference at www.strwealthconference.com. See you on June 6-8! Learn more about your ad choices. Visit megaphone.fm/adchoices

I'd say 90% of the hosts that I talk to say the number 1 reason they started their short term rental business was to get out of their 9-5 job. Well, the question becomes, what is the perfect time to make the leap and go full time? Mike Reilly & I break down how to create your exit strategy from your 9-5. We're less than a month away from the STR Wealth Conference! Make sure to grab your tickets now because they are selling out fast! Log on to www.strwealthconference.com to grab your tickets. See you in Nashville, TN from June 6-8!

I'd say 90% of the hosts that I talk to say the number 1 reason they started their short term rental business was to get out of their 9-5 job. Well, the question becomes, what is the perfect time to make the leap and go full time? Mike Reilly & I break down how to create your exit strategy from your 9-5. We're less than a month away from the STR Wealth Conference! Make sure to grab your tickets now because they are selling out fast! Log on to www.strwealthconference.com to grab your tickets. See you in Nashville, TN from June 6-8! Learn more about your ad choices. Visit megaphone.fm/adchoices

Everyone wants to achieve financial freedom that's why people are looking for ways to create multiple streams of income and that includes growing your short term rental portfolio. And the common mistake of people who wants to scale their business is looking at multiple markets at once. Find out in this episode how many markets you should look at when growing your short term rental business. Access a wealth of information at http://www.strsecrets.com/resources (www.strsecrets.com/resources). Don't forget to grab your tickets for the STR Wealth Conference on June 6-8 in Nashville, TN at http://www.strwealthconference.com/ (www.strwealthconference.com).

Everyone wants to achieve financial freedom that's why people are looking for ways to create multiple streams of income and that includes growing your short term rental portfolio. And the common mistake of people who wants to scale their business is looking at multiple markets at once. Find out in this episode how many markets you should look at when growing your short term rental business. Access a wealth of information at www.strsecrets.com/resources. Don't forget to grab your tickets for the STR Wealth Conference on June 6-8 in Nashville, TN at www.strwealthconference.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Kenneth Bedwell moved to Buffalo, NY 4 years ago for a job at a big bank doing research in the equities market. He wanted to invest in real estate and found STRs. Kenny really enjoyed it so he started leasing and co-hosting properties so he could get the cash to level up and purchase properties. Kenny has purchased properties and used his new data tool - STR Insights to find new and emerging markets based on his personal preferences. Sign up for the launch to get notified for STR Insights' launchhttps://www.strinsights.com/ ( )at https://www.strinsights.com/ (https://www.strinsights.com) Don't forget to grab your tickets for the STR Wealth Conference on June 6-8 at http://www.strwealthconference.com/ (www.strwealthconference.com) https://www.linkedin.com/in/kenneth-bedwell-9680a8113 (https://www.linkedin.com/in/kenneth-bedwell-9680a8113)

Kenneth Bedwell moved to Buffalo, NY 4 years ago for a job at a big bank doing research in the equities market. He wanted to invest in real estate and found STRs. Kenny really enjoyed it so he started leasing and co-hosting properties so he could get the cash to level up and purchase properties. Kenny has purchased properties and used his new data tool - STR Insights to find new and emerging markets based on his personal preferences. Sign up for the launch to get notified for STR Insights' launch at https://www.strinsights.com Don't forget to grab your tickets for the STR Wealth Conference on June 6-8 in Nashville, TN at www.strwealthconference.com https://www.linkedin.com/in/kenneth-bedwell-9680a8113 Learn more about your ad choices. Visit megaphone.fm/adchoices

Grab your tickets for the STR Wealth Conference at http://www.strwealthconference.com/ (www.strwealthconference.com) Mike Sjogren https://www.facebook.com/groups/STRentalsecrets (https://www.facebook.com/groups/STRentalsecrets) https://www.facebook.com/theAirbnbGuy (https://www.facebook.com/theAirbnbGuy) https://www.instagram.com/the_airbnbguy (https://www.instagram.com/the_airbnbguy) https://www.youtube.com/c/ShortTermRentalSecretsShow (https://www.youtube.com/c/ShortTermRentalSecretsShow) https://www.linkedin.com/in/mikesjogren (https://www.linkedin.com/in/mikesjogren) https://www.clubhouse.com/@michaelsjogren (https://www.clubhouse.com/@michaelsjogren) Emanuele Pani https://www.facebook.com/emanuele.pani.9 (https://www.facebook.com/emanuele.pani.)9 https://www.instagram.com/epani.realestate (https://www.instagram.com/epani.realestat)e https://www.linkedin.com/in/emanuele-pani-0b2970105 (https://www.linkedin.com/in/emanuele-pani-0b297010)5 https://www.clubhouse.com/@epanirealestate (https://www.clubhouse.com/@epanirealestat)e

Grab your tickets for the STR Wealth Conference at www.strwealthconference.com Mike Sjogren https://www.facebook.com/groups/STRentalsecrets https://www.facebook.com/theAirbnbGuy https://www.instagram.com/the_airbnbguy https://www.youtube.com/c/ShortTermRentalSecretsShow https://www.linkedin.com/in/mikesjogren https://www.clubhouse.com/@michaelsjogren Emanuele Pani https://www.facebook.com/emanuele.pani.9 https://www.instagram.com/epani.realestate https://www.linkedin.com/in/emanuele-pani-0b2970105 https://www.clubhouse.com/@epanirealestate Learn more about your ad choices. Visit megaphone.fm/adchoices

GUEST'S BIO Bill Faeth has been involved in real estate for almost 25 years with both commercial and residential investing. He currently has a multi-million dollar portfolio of short-term rental properties primarily located in vacation rental markets with a focus on beach, lake, and mountain properties. He has leveraged years of successful business growth strategies to specialize in maximizing vacation rental profits by turning $50,000 annual revenue properties into $90,000 properties yielding high profit via self-management. HIGHLIGHTS OF THE EPISODE 03:58 Bill Faeth's introduction and background 05:02 Watch Bill's previous episode on https://open.spotify.com/episode/2FkdInoQzpAToqQ0h8du4n (Spotify) or https://podcasts.apple.com/gb/podcast/ep-48-maximize-revenue-on-luxury-str-with-bill-faeth/id1517624469?i=1000517719616 (Apple Podcast) 05:11 How Bill got into the STR industry 07:15 Figuring out your true goal 11:23 Emerging markets 13:37 What to look for in an emerging market 18:52 How to increase your cash on cash return 22:44 What does Bill's process look like 27:28 Making a list 28:21 Defining the system for your STRs 31:55 The importance of building trust and goodwill with guests 32:45 Bill shares a story about this number one property from his portfolio 34:25 Creating value by asking the guest how we can help them 35:21 Differentiating yourself in a competitive market 37:58 The plus one 41:38 How to create another avenue to market 45:59 How to increase your ADR 47:14 Bill reads a review from one of his STRs 51:59 How interior design and furnishings increase ADR 58:49 Join us for the biggest event for hosts and investors on June 6 to June 8 for the STR Wealth Conference - www.strwealthconference.com 01:12:14 Acknowledgments to Bill NOTABLE QUOTES "The property becomes an experience." - Emanuele Pani "Asking how we can help is how we can create value." - Bill Faeth "It's not about the property, it's what we put into it." - Bill Faeth "Those small things are what's going to make a huge difference." - Bill Faeth CONNECT WITH THE GUEST Bill Faeth: Website | Instagram | https://www.linkedin.com/in/billfaeth/ (Linkedin) CONNECT WITH THE HOSTS Michael Sjogren: https://www.facebook.com/groups/STRentalsecrets (Short Term Rental Secrets Facebook Group) | https://www.clubhouse.com/@michaelsjogren (Clubhouse) | https://www.instagram.com/the_airbnbguy/ (Instagram) | https://www.youtube.com/ShortTermRentalSecretsShow (Youtube) | https://www.facebook.com/theAirbnbGuy (Facebook Page) | https://www.linkedin.com/in/mikesjogren/ (Linkedin) https://linktr.ee/the_airbnbguy (https://linktr.ee/the_airbnbguy) Emanuele Pani: https://www.clubhouse.com/@epanirealestate (Clubhouse) | https://www.instagram.com/epani.realestate/ (Instagram) | https://www.facebook.com/emanuele.pani.9 (Facebook) | https://www.linkedin.com/in/emanuele-pani-0b2970105/ (Linkedin) FREE MASTERCLASS TRAINING - https://www.strsecrets.com/masterclass (https://www.strsecrets.com/masterclass)

GUEST'S BIO Bill Faeth has been involved in real estate for almost 25 years with both commercial and residential investing. He currently has a multi-million dollar portfolio of short-term rental properties primarily located in vacation rental markets with a focus on beach, lake, and mountain properties. He has leveraged years of successful business growth strategies to specialize in maximizing vacation rental profits by turning $50,000 annual revenue properties into $90,000 properties yielding high profit via self-management. HIGHLIGHTS OF THE EPISODE 03:58 Bill Faeth's introduction and background 05:02 Watch Bill's previous episode on Spotify or Apple Podcast 05:11 How Bill got into the STR industry 07:15 Figuring out your true goal 11:23 Emerging markets 13:37 What to look for in an emerging market 18:52 How to increase your cash on cash return 22:44 What does Bill's process look like 27:28 Making a list 28:21 Defining the system for your STRs 31:55 The importance of building trust and goodwill with guests 32:45 Bill shares a story about this number one property from his portfolio 34:25 Creating value by asking the guest how we can help them 35:21 Differentiating yourself in a competitive market 37:58 The plus one 41:38 How to create another avenue to market 45:59 How to increase your ADR 47:14 Bill reads a review from one of his STRs 51:59 How interior design and furnishings increase ADR 58:49 Join us for the biggest event for hosts and investors on June 6 to June 8 for the STR Wealth Conference - www.strwealthconference.com 01:12:14 Acknowledgments to Bill NOTABLE QUOTES "The property becomes an experience." - Emanuele Pani "Asking how we can help is how we can create value." - Bill Faeth "It's not about the property, it's what we put into it." - Bill Faeth "Those small things are what's going to make a huge difference." - Bill Faeth CONNECT WITH THE GUEST Bill Faeth: Website | Instagram | Linkedin CONNECT WITH THE HOSTS Michael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedin https://linktr.ee/the_airbnbguy Emanuele Pani: Clubhouse | Instagram | Facebook | Linkedin FREE MASTERCLASS TRAINING - https://www.strsecrets.com/masterclass Learn more about your ad choices. Visit megaphone.fm/adchoices