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

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