STR Data Lab™ by AirDNA

Finding and Creating Super Properties with Bill Faeth

Apr 12, 2025

Bill Faeth, founder of Build Short-Term Rental Wealth and a 30-year real estate veteran, shares his remarkable journey from traditional real estate to short-term rentals. He discusses the critical components of creating 'super properties' by capitalizing on unique features like views and amenities. Bill emphasizes patience in investment decisions and offers advice on timing buys amidst market volatility. He highlights the importance of outdoor enhancements and spotlights overlooked markets to maximize returns, all backed by strategic data analysis.

40:00

Episode guests

Bill Faeth

AI Summary

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Bill Faeth emphasizes the importance of focusing on unique property attributes like views and amenities to create 'super properties' that drive profitability.

He advocates for strategic investing in underappreciated markets and highlights that the current market volatility creates favorable conditions for confident investors.

Deep dives

Entry into Short-Term Rentals

Bill Faith began his journey in the short-term rental market in 2015 after discussing the significant income potential of short-term rentals with a fellow golfer. Initially skeptical, he was convinced to enter the market when shown data illustrating substantial earnings compared to traditional long-term rentals. His first investment was in Gulf Shores, Alabama, after successfully exiting a challenging ground transportation business amid regulatory pressures. Bill's early experiences shaped his cautious yet growth-oriented approach to real estate investing.

Intro

2min

Navigating the Transition to Short-Term Rentals

2min

Strategies for Building and Selling High-Value Real Estate

4min

Unlocking Super Properties in Real Estate

26min

Navigating Investment Opportunities in a Volatile Market

5min

In this episode of the STR Data Lab, Jamie Lane, Chief Economist at AirDNA, chats with Bill Faeth, founder of Build Short-Term Rental Wealth and a 30-year real estate investor. Bill shares his journey into short-term rentals, which began in 2015 after a convincing conversation with an electrician friend. He describes transition from traditional real estate to short-term rentals by purchasing his first property in Gulf Shores, Alabama.

Bill provides insights into his investment strategy, influenced by the Pumpkin Plan book, and breaks down his unique approach to creating 'super properties.' He explains that successful investments rely on leveraging unique attributes like views, proximities, and amenities—elements that make properties stand out in specific markets. Bill emphasizes the importance of patience and the ability to hold out for ideal investments, rather than compromising on less optimal properties. The dialogue extends into financial advice, indicating that now, amidst market volatility, is a prime time for confident investors to make strategic buys, provided they understand both the cash flow potentials and potential depreciation of their purchases.

The conversation also delves into identifying markets that others may overlook, leveraging various data points to mitigate risks and maximize returns. Bill discusses the significance of outdoor enhancements and views, over just the property's internal features, to substantially boost earnings. He advises listeners on practical approaches like employing multiple data tools, grading properties strategically, and capitalizing on off-market opportunities to ensure investments align with long-term goals. The episode underscores the importance of thinking beyond conventional strategies by using comprehensive data and innovative planning for generating superior returns in short-term rental investments.

You don’t want to miss this episode!

~~~~

https://go.buildstrwealth.com/superpropertygrader

https://www.instagram.com/billfaeth73/

~~~~

Signup for AirDNA for FREE👇

https://app.airdna.co/data

~~~~

Connect with Jamie on LinkedIn and Twitter:

LinkedIn: https://www.linkedin.com/in/jamiehlane/

Twitter: https://twitter.com/Jamie_Lane

~~~~