Bill Faeth Unfiltered

Special Guest: Natalie Palmer talking Cohosting Scales of Economy

Jan 23, 2024

Natalie Palmer, co-host with experience in co-hosting vacation rentals, shares advice on operating a successful rental business, benefits of multiple properties in a location, importance of supportive relationships with service providers, risks of regulations on short-term rentals, and benefits of a local STR association. They also discuss challenges of hosting conferences, love for Taylor Swift, and Natalie's upcoming conference. Additionally, they talk about managing properties in Big Bear, finding the right cleaners for vacation rentals, and the value of a conference focused on providing a safe space for women.

34:51

Episode guests

Natalie Palmer

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Having multiple properties in a single location offers advantages such as cost negotiations and bulk supply purchases.

Forming strong local associations is crucial for short-term rental hosts to protect their interests and shape regulations.

Deep dives

STAYFI: A Secret Weapon to Build Your Email List and Reduce Dependency on OTAs

STAYFI is a platform that connects to your router and allows guests to log in to your Wi-Fi, helping you build your email list. This platform enables you to grow your email list by your occupancy rate, not just by the booker. By using STAYFI, Bill Faith has achieved a 41% direct booking rate and has a 200-day funnel to bring guests back. The platform offers a 50% discount for the first three months using the code 'bill' and emphasizes the importance of transforming one-time visitors into lifelong ambassadors and returning guests.

Introduction

2min

Challenges of Running High-Level Conferences and Love for Taylor Swift

5min

Managing Properties in Big Bear

14min

Finding the Right Cleaner

9min

Discussion on a Conference and its Value

2min

Upcoming Listing Summit, Restaurant Recommendations, and Sponsor Shoutout

3min

StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi!

This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.

In this episode of STRUnfiltered, host Bill Faeth interviews co-host Natalie Palmer about her experiences in co-hosting vacation rentals and how it has affected her life. Natalie, who manages ten properties in California’s Big Bear ski resort, shares valuable advice on operating a successful rental business, the advantages of having multiple properties in a single location, and the importance of having a supportive relationship with service providers, such as cleaners. They also discuss the risks of regulations and restrictions on short-term rentals and the benefits of having a local STR association. Additionally, the conversation delves into their personal experiences of hosting conferences in their industry and the challenges that come with it. Natalie also shares information about her upcoming conference, 'Level Up Your Listing Summit' in Scottsdale, Arizona.

00:01 Introduction and Catching Up

00:30 The Challenges of Organizing Conferences

02:39 The Love for Taylor Swift

05:33 The Journey into Co-hosting

05:59 The Success of Specialized Co-hosting

13:38 The Risks of Investing in Big Bear, California

16:16 Impact of Policies on Community

16:28 Regulatory Challenges in the Market

17:22 Importance of Organizing Associations

17:29 The Role of City Councils in Legislation

18:29 The Reality of Local Politics

18:50 The Effect of Regulations on Different Cities