Episódios
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Bill sits down with Avery Carl, a renowned expert in short-term rentals, discusses her preparations for the New York Marathon, balancing family life with professional responsibilities, and her approach to real estate investments. They touch upon the current state of the real estate market, including the best strategies for buying and selling properties amidst high interest rates and market fluctuations. Avery shares her personal investment experiences, emphasizing the importance of diversifying portfolios and learning from mistakes.
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00:00 Introduction to STR Unfiltered
00:16 Revolutionizing Bookings with StayFi
01:55 Avery Carl's Marathon Training Journey
03:50 Balancing Parenthood and Professional Life
07:24 Deep Work and Time Management Strategies
10:05 Current Real Estate Market Insights
20:18 Exploring Small Property Investments
20:43 Ski Property Ventures and Challenges
21:11 Invitation to Ski and Snowboarding Boot Camp
21:55 Market Saturation and Investment Strategies
23:47 Details on One Bedroom Property
26:03 Diversification in Real Estate Investments
30:54 Challenges with Cash Flow Focused Investments
34:33 Lessons from Real Estate Failures
40:05 Conclusion and Final Thoughts
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On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level.
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Bill sits down with Jake Cohen, a top revenue manager, who provides insights on effective revenue management strategies post-COVID. Topics include the importance of market data, PriceLabs Market Research Report, listing optimization, and manual versus automated pricing adjustments. Jake also emphasizes the necessity of regular data review and offers free consultations to enhance revenue management.
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On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level.
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Bill is joined by Ryan Bakke, a key team member and expert in financial and tax planning. They discuss critical steps for financial stability, including establishing an emergency fund, leveraging 401k matches, calculating the financial independence number, and strategically investing in real estate. Ryan also introduces a new affordable tax preparation program designed for real estate investors. The episode wraps up with insights on the importance of proper tax planning and financial management to avoid costly mistakes and optimize returns.
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On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level.
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Bill is joined by Tyler Coon from Savvy Realty. They discuss Tyler's rapid business expansion into multiple more markets over less than two years due to client demand and hiring a director of expansion. Key topics include leveraging strengths, outsourcing weaknesses, effective communication through DISC testing, and evaluating STR market potential in various U.S. regions. They also delve into recent changes in NAR regulations and their impact on buyers, sellers, and real estate agents, along with advice on navigating fluctuating interest rates and the investor market. The episode wraps up with Tyler sharing insights on maintaining effective real estate transactions and the importance of keeping diligent market watch during peak STR buying seasons.
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On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level.
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Bill shares his extensive experience in generating significant revenue through co-hosting. He outlines an effective sales process tailored for the Short-Term Rental (STR) market, emphasizing targeted lead generation over traditional mass-appeal methods. Bill discusses the importance of selecting high-value properties, leveraging sales strategies from other industries, and provides a detailed step-by-step guide for closing deals. He also stresses the significance of understanding objections, having a strong follow-up process, and ensuring both decision-makers are involved in sales discussions. Full of practical tips and insights, this episode offers a comprehensive blueprint for anyone looking to maximize their income as a co-host.
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On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level.
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Bill welcomes special guest Paula Blankenship, a successful entrepreneur with a rich history in the furniture and paint industries. Blankenship shares her journey from growing up in Tennessee with entrepreneurial parents to creating the 23rd largest paint company in North America. She discusses the importance of vertical integration, the challenges faced during economic downturns, and her groundbreaking product, All-In-One Paint. Blankenship's story is filled with invaluable lessons on resilience, innovation, and the critical mindset needed to succeed in any business. Her insights on simplifying processes, inventory management, and focusing on the next best move provide a masterclass in entrepreneurship. This episode offers a wealth of knowledge for business owners and aspiring entrepreneurs alike.
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On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level.
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Bill emphasizes the importance of uniqueness in real estate investments. He criticizes the impatient and reckless approach of current buyers who are not properly underwriting properties. Bill shares personal experiences with his unique properties, detailing how these distinct features provide competitive advantages and higher returns. He also offers insights on avoiding common pitfalls, like overdesigning, and stresses the importance of continuous practice in underwriting and market research. Bill concludes by highlighting the value of specific tools for identifying promising investments and invites listeners to subscribe for more expert real estate advice.
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On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level.
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Bill Faith and guest Emile Sahkel discuss the critical role of revenue management in short-term rental success. Emile, an experienced anesthesiologist turned revenue manager, shares insights on setting realistic goals, evaluating market conditions, seasonal pricing strategies, and overcoming common mistakes self-managers make. They also discuss leveraging marketing alongside revenue management to boost performance and share real-life examples of how these strategies have significantly increased revenue for high-end properties. Listeners are encouraged to treat their properties as businesses and use comprehensive data analysis and expert tools for optimal results.
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On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level.
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Bill addresses common misconceptions about revenue management and outlines key principles for success. The speaker introduces an upcoming series featuring top revenue managers like Emile Sakhel and Jake Cohen, emphasizing the importance of mindset and manual processes in revenue management. Strategies discussed include daily and multiple daily pricing adjustments, importance of minimum night stays, and using market research reports to inform pricing strategies. The host also highlights the role of listing optimization and rankings in maximizing revenue. Future episodes will feature interviews with experts to provide further insights.
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On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level.
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Bill shares his methods for building personal connections with guests, emphasizing direct communication, personalized messages, and maintaining high service standards to boost guest satisfaction and generate rebookings. Additionally, Bill outlines the critical role of speed and quality control in managing rental properties effectively.
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On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level.
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Bill shares his comprehensive checklist for underwriting profitable properties, emphasizing the importance of intangibles and listing optimization. Broadcasting from a lakefront property in Alabama, he discusses key components such as revenue management, off-platform marketing, and advanced listing techniques. Bill highlights the critical role of high-quality photos, exceptional copywriting, and effective use of dynamic pricing tools. The episode provides a deep dive into his targeted marketing strategies, including Google trends, buy-sell trade groups, and a 200-day direct booking funnel, aiming to help listeners optimize their property listings and boost their revenues.
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02:00 Introduction to Property Underwriting
02:40 Location and Marketing Components
03:50 Personal and Property Checklists
05:23 Listing Optimization Strategies
06:35 Revenue Management Insights
11:24 Off-Platform Marketing Techniques
18:20 Conclusion and Final Tips
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On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level.
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Bill shares his strategy for reducing dependence on Online Travel Agencies (OTAs) and boosting direct bookings. He discusses his '550 250 Plan,' which aims to generate $250,000 in income over five years with five properties, each netting over $50,000. Bill details his latest $3 million property purchase in Montana, funded through strategic sales and creative financing. He breaks down essential components of sound investing: cash flow, appreciation, tax benefits, and debt paydown, and provides actionable insights into acquiring and managing profitable short-term rental properties.
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00:00 Introduction to STR Unfiltered
00:17 The Power of StayFi for Email List Building
01:18 Exclusive StayFi Discount Offer
01:54 Buying a $3 Million Property for Free
03:23 The 550 250 Plan Explained
03:50 Case Study: Banner Elk Property
05:27 Finding and Evaluating Deals
06:44 Case Study: Gulf Shores Property
08:09 Case Study: Coram Condo
11:25 Executing the 550 250 Plan
13:06 Four Core Components of Sound Investing
21:30 Conclusion and Next Steps
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On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level.
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Bill Faeth draws on his personal experiences to offer insights on maximizing revenue from short-term rentals. Recording from his cabin in Olney, Montana, Bill shares the story of his own property investment, discussing the importance of marketing skills, the underwriting process, and the need to balance lifestyle desires with financial decisions. He categorizes property purchases into three buckets: 100% financial-driven, a mix of lifestyle and financial, and primarily lifestyle-focused. Bill emphasizes the importance of understanding what guests want, especially focusing on outdoor amenities, and shares tips on managing and optimizing listings. Lastly, he underscores the value of investing in top-tier photography and videography for enhancing property appeal.
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00:00 Introduction to STR Unfiltered
00:20 The Story Behind the Cabin Purchase
01:24 Revving Up Your Revenue
02:12 Understanding the Underwriting Process
03:00 The Importance of Lifestyle vs. Financial Decisions
04:29 Mindset and Business Strategy
06:10 Enhancing Guest Experience with Outdoor Amenities
11:01 Value Stacking and Marketing Strategies
12:04 Conclusion and Key Takeaways
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On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level.
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Bill Faeth and tax strategy expert David Perez dive into the world of short-term rentals (STR) and real estate investing. They discuss the crucial distinction between tax strategy and tax preparation, the benefits of STR for generating cash flow, and overcoming the challenges of high interest rates. The episode covers David’s WISC formula—Wealth, Income, Savings, and Control—and advice on navigating the real estate market for maximum tax and investment benefits. They also introduce the concept of 'lazy 1031' for reinvestment and emphasize the importance of strategic market selection and property management. Upcoming summer bootcamps are announced, featuring specialists like Jeff Hampton, offering comprehensive guidance on investing, tax strategy, and legal structuring.
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00:00 Introduction to STR Unfiltered
00:14 Meet the Hosts: Bill Faith and David Perez
01:14 Diving into Short Term Rentals
01:19 Interactive Session: Audience Engagement
01:53 Real Estate Investment Strategies
03:16 Navigating High Interest Rates
03:29 The Four Quadrants of Real Estate Investing
04:46 Importance of Cash Flow and Tax Benefits
05:32 Strategic Real Estate Markets
06:47 Impact of Political Climate on Investments
07:20 Understanding Interest Rates and Market Trends
08:41 Debt Pay Down and Amortization Strategies
12:08 Planning for Retirement and Financial Freedom
20:48 Bootcamp Announcements and Offers
24:06 Material Participation and Tax Benefits
28:26 Understanding Personal Days and IRS Classification
28:44 Maximizing Property Use and Maintenance
29:33 Thinking of Airbnb as a Business
30:15 Emotional vs. Financial Decisions in Property Investment
31:33 The 5-52-50 Plan for Financial Growth
32:05 Case Study: Special Needs Airbnb Near Disney
33:43 Investing in Pods for Risk Mitigation
35:55 Material Participation and IRS Audits
38:25 Setting Up a Management Company for STR
39:33 Legal and Tax Strategies for Property Management
41:56 Bootcamp Details and Special Guests
44:09 Q&A: STR Strategies and Tax Benefits
55:18 Final Thoughts and Event Information
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On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level.
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Bill focuses on the rampant issue of buyer's remorse in the short-term rental and real estate industry. Bill shares insights from his 32 coaching calls, highlighting the importance of the entry point in real estate investments. He outlines the four critical components of underwriting a property: cash flow, appreciation, tax benefits, and debt paydown. Bill emphasizes the importance of due diligence and running multiple proformas to mitigate risks. He also discusses the significance of accelerated cash flow, the advantages of short-term over long-term and mid-term rentals, and the effective execution of the 550 250 plan. The episode concludes with a bonus tip on creative financing through seller credits.
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00:00 Introduction to STR Unfiltered
00:15 Buyer's Remorse in Real Estate
01:21 Four Key Components of Property Underwriting
04:10 Importance of Cash Flow
06:43 Appreciation and Its Role
10:06 Tax Benefits and Cost Segregation
11:39 Debt Pay Down Strategies
17:01 Creative Financing and Seller Credits
19:39 Conclusion and Masterclass Invitation
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On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level.
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Bill delves into the importance of obtaining five-star reviews for short-term rentals. He shares a comprehensive strategy for ensuring great reviews through proactive communication, exemplary hospitality, and timely follow-up. He emphasizes the critical role of initial interactions, response speed, and personalized touchpoints like charcuterie boards and discounts. Bill also highlights the nuanced differences between platforms like Airbnb and VRBO in soliciting reviews and underlines the significance of sustained guest rapport to maximize review ratings.
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00:00 Introduction to STR Unfiltered
00:22 The Importance of Five-Star Reviews
00:30 Strategies for Getting Reviews
02:46 Handling Guest Issues Effectively
05:12 The Checkout Process and Review Timing
08:27 Final Tips for Maximizing Reviews
11:06 Conclusion and Sign-Off
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On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level.
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Bill emphasizes treating short-term rentals as a business rather than a casual endeavor for it to be successful. He recounts his initial struggles with property management companies and how taking a self-managed, business-focused approach drastically improved his operations. Bill discusses the importance of self-management, mastering revenue management and off-platform marketing, and the critical role of automation in managing properties efficiently. He highlights his journey from purchasing his first property in Gulf Shores, Alabama, to owning and co-hosting 24 properties across various U.S. locations. Bill delves into the details of operational efficiency, from handling guest communications and cleaning crews to implementing standard operating procedures (SOPs) and leveraging technology for property management. The episode also covers the significance of proper investment analysis and the potential impact of technology, like AI chatbots, on saving time and improving guest experience. Bill concludes with advice on setting up short-term rental operations for success, emphasizing process documentation, technology use, and the importance of a solid setup from the start.
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00:00 Welcome and Introduction to STR Unfiltered
00:27 The Business Mindset for Short-Term Rentals
01:06 From First Property to a Portfolio: A Personal Journey
02:31 The Importance of Self-Management and Skills in STR Success
03:12 Leveraging Automation and Technology in STR Management
04:05 Building a Super Portfolio: Property Locations and Management Insights
06:18 Operational Excellence: SOPs, Hiring, and Training
06:45 Navigating Challenges and Solutions in STR Management
11:17 The Future of STR Communication and Market Selection Strategy
13:31 Closing Thoughts and Call to Action
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On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level.
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The Property Stacking Masterclass. https://buildstrwealth.com/550250masterclass
In this episode of STR unfiltered, host Bill Faeth and guest Ryan Bakke, a CPA and real estate investor, share insights into the complexities of real estate investments, taxes, and maximizing returns. Ryan, renowned for saving Bill nearly $2 million in taxes, discusses the strategic tax benefits of investing in real estate, the impact of legislation like the cost segregation bill, and tactics to leverage tax refunds and deductions. The conversation also delves into the pitfalls and pressures of 1031 exchanges, the concept of a 'lazy 1031', and the importance of financial planning, liquidity, and carefully navigating investments to ensure financial security and optimize tax positioning. The duo underscores the importance of tailored advice, considering individual financial situations, goals, and risk tolerance in the dynamic landscape of real estate investment.
00:00 Introduction to STR Unfiltered with Bill Faith
00:15 Meet Ryan Bakke: The Tax Whiz Saving Millions
00:38 Deep Dive into Tax Strategies and Real Estate Investing
02:30 Navigating Tax Refunds, Amendments, and Financial Planning
05:32 The Intricacies of 1031 Exchanges in Real Estate
13:57 Strategic Portfolio Management and Financial Discipline
19:09 The Impact of Market Dynamics on Real Estate Investing
23:18 Closing Thoughts and Contact Information
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On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level.
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The Property Stacking Masterclass. https://buildstrwealth.com/550250masterclass
In this episode of STR Unfiltered, host Bill Faeth introduces viewers to the concept of co-hosting on Airbnb as a lucrative way to engage in the short-term rental market without the need to own property. Focusing on actionable strategies, the guide covers key aspects such as revenue management, marketing, listing optimization, guest communication, and how to charge for services. Bill argues against the popular practice of rental arbitrage due to its high risk and financial requirements, advocating instead for co-hosting due to its low barrier to entry. He shares personal success stories and strategies for acquiring high-value properties to manage, emphasizing the importance of setting clear revenue and time goals.
00:00 Introduction to Co-Hosting on Airbnb
00:21 Unlocking the Power of Co-Hosting Without Owning Property
01:02 The Essentials of Co-Hosting: Skills and Revenue Management
02:22 Why Arbitrage Isn't the Best Strategy for Beginners
04:09 The Lucrative Potential of Co-Hosting
05:17 Building a Successful Co-Hosting Business: Strategies and Skills
05:45 Customer Acquisition and Market Selection for Co-Hosting
07:30 Maximizing Profits: Setting Goals and Choosing Properties
12:18 The Path to Long-Term Wealth Through Co-Hosting
13:11 Closing Remarks and Marketing Platform Promotion
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On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level.
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In this episode of STR Unfiltered, Bill Faeth and his guest, Wil Slickers, dive into the controversial Airbnb icons update, discussing its implications and the future trajectory of Airbnb.
Wil, with his deep industry insights, suggests that the update marks the beginning of Airbnb transitioning into a social media platform, focusing on connecting people and enhancing user experience through unique, personalized content.
The discussion touches on Brian Chesky's long-term vision for Airbnb, examining the company's data-driven approach to customizing user interactions and suggesting that Airbnb may venture into more controlled, unique experiences akin to the Disney Imagineering model.
Both Bill and Wil emphasize the importance of staying attuned to industry trends beyond the immediate hosting community, highlighting Brian Chesky's broader interviews and social media presence as key to understanding Airbnb's future direction. The conversation also explores the impact of social media inspiration on travel decisions and the need for hosts to elevate their offerings to match the evolving expectations set by Airbnb's branding and strategic moves.
➡️ Connect with us:
• Join Our Facebook Group: https://www.facebook.com/groups/284886002732508
• Check Out Our website: https://buildstrwealth.com/
• Bill’s Instagram: https://www.instagram.com/billfaeth73
• Brea’s Instagram: https://www.instagram.com/breafaeth/
• TikTok: https://www.tiktok.com/@bfaeth
On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level.
Subscribe/Follow so you never miss an episode!
#STRUnfiltered #BillFaeth #STR
Learn more about your ad choices. Visit megaphone.fm/adchoices - Mostrar mais
