Bill Faeth Unfiltered

Futurestay: www.futurestay.com/billThere's a lot of noise out there about the Airbnb update—but here's the truth: don't freak out. If you're using a PMS like OwnerRez, Hospitable, or Guesty, just disclose what you’re doing in your listing. Background checks? Contracts? Email collection? Say it upfront.This isn’t a panic moment—it's a wake-up call to own your customer and build your email list the right way. I’m sharing how I’ve pushed to 43% direct bookings using simple tools like MarketMySTR and Futurestay, plus the two extra steps that make the biggest difference in profit.00:00 Airbnb Update: What's Really Changed?02:30 Owning Your Customer: Strategies and Tips05:46 The Importance of Taking Extra Steps07:33 Investing in the Right Properties08:51 Maximizing Direct Bookings16:15 Final Thoughts and Caution➡️ 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

Phil Kennard, the founder of Futurestay and a former video game developer, discusses transforming direct bookings for short-term rentals. He reveals that most vacation rentals are owned by small operators, emphasizing their need for streamlined processes. Phil explains how Futurestay's platform simplifies bookings and integrates with Google Vacation Rentals. The conversation also covers optimizing Airbnb listings, increasing customer retention, and the significance of strategic growth in revenue through direct bookings. Listeners gain practical tips for enhancing their rental management.

https://buildstrwealth.com/proformahttp://www.futurestay.com/billIn this episode of Bill Faeth Unfiltered, Bill dives into the often-overlooked hidden costs of short-term rentals. He emphasizes the significant expenses that many investors fail to consider, such as carry costs from the purchase date to launch, and travel expenses for out-of-market properties. He shares personal insights, including an unforeseen $4,000 snow removal cost at his Elk Lodge property in North Carolina. Bill, along with guest Chris, discusses the importance of accurately estimating expenses like property taxes, internet, and landscaping, which can significantly impact profitability. They also highlight the importance of understanding your ideal guest's preferences and designing properties to meet their needs. The episode concludes with a pro tip: include a 'just in case you mess up' buffer in your proforma by adding 10% to expenses and subtracting 10% from estimated revenue. This strategy provides a safety net for unexpected costs, helping investors make better-informed decisions. To further aid listeners, Bill offers access to his proforma and other investment tools through links in the show notes.00:00 Introduction to Bill Faeth Unfiltered00:21 Hidden Costs of Short-Term Rentals01:13 Travel and Carry Costs02:14 Unexpected Expenses in Property Management03:03 Importance of Accurate Performance08:32 Marketing and Software Costs11:10 Designing for Your Ideal Buyer13:28 The Just-In-Case Buffer15:52 Conclusion and Final Thoughts➡️ 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

Unlock the secrets to successful homebuying with expert credit strategies! Learn why planning 90 days ahead is crucial for down payment assistance. Discover the importance of maintaining a high credit score and practical tips for managing credit card debt effectively. Hear insights on helping children build their credit early and strategies for debt management between spouses. Plus, dive into the world of credit card rewards and point hacking to maximize your benefits while ensuring financial readiness for that dream home!

Jesse's Midterm Rental Summit: https://midtermrentalsummit.com/Bill's STR Wealth Conference: https://strwealthconference.com/Super Property Grader: https://go.buildstrwealth.com/superpropertygraderIn 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 Unfiltered00:14 Zoning Violation and Neighbor Issues01:20 Permit Problems and Environmental Hurdles01:54 Real Estate Challenges and Personal Stories04:06 Investment Strategies and Market Insights09:44 Emotional Ties to Properties13:35 Diversification and Market Analysis23:00 Leveraging Local Knowledge for Investment26:27 Creative Investment Strategies for Seasonal Properties27:28 Leveraging Local Resources for Business Expansion29:27 Innovative Approaches to Hotel and Rental Management31:04 Success Stories and Business Development Insights32:57 Market Trends and Operational Challenges34:37 The Future of Midterm Rentals38:22 Upcoming Conferences and Networking Opportunities40:28 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

Super Grader: https://go.buildstrwealth.com/superpropertygraderProforma: https://buildstrwealth.com/proformaBill breaks down invaluable insights and tips on short-term rental property investments to avoid common pitfalls and optimize your returns. Drawing from real-world examples and personal experiences, the episode covers crucial strategies such as avoiding market-wide investments, focusing on specific properties, analyzing sub-markets by bedroom count, understanding entry costs, utilizing creative financing, and leveraging tax benefits. It also highlights the importance of cash flow, appreciation, debt pay-down, and tax incentives while making investment decisions. Lastly, the host shares practical tools like the 'super grader' method for evaluating potential property investments effectively.00:00 Introduction to Rental Property Investing00:08 Common Mistakes in Real Estate Investing01:11 Importance of Bedroom Count in Property Investment02:32 Barrier to Entry Costs04:19 Creative Financing Strategies05:57 Investing in Condos07:26 Four Pillars of Real Estate Investment10:16 Return on Equity Audit14:12 Super Grader and Performance Metrics15:50 Conclusion and Final Tips➡️ 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

Tony Stancato, a successful entrepreneur in property management known for his savvy use of LinkedIn, discusses his leap into full-time short-term rentals after a transformative 90-day posting challenge. He shares insights on utilizing cloud-based management software to streamline operations and the strategic acquisition of a multi-unit boutique motel in Northern Michigan. Tony emphasizes advanced revenue management techniques, like one-night minimum stays, and the importance of adaptability in navigating construction challenges, ultimately showcasing the evolving landscape of property management.

https://strwealthconference.com/Bill is joined by Micheal Burt, a legendary high school basketball coach turned business coach, at the Greatness Factory in Nashville, Tennessee. Burt shares his journey from starting as a basketball coach at 15 to becoming the 'Super Coach,' a title given to him by Grant Cardone. He discusses his coaching philosophy, which includes integrating psychological principles from Stephen Covey's works into his coaching methods. Burt emphasizes the importance of intensity, persistence, and the 'prey drive'—a term he uses to describe the drive to succeed. He also shares his early life experiences, being raised by a single mother and learning valuable lessons from coaches who became his mentors. Both Burt and Faith reflect on their own paths and the concept of finding one's purpose early in life. They also discuss the importance of having a coach and the value of long-term mentorship and exposure to high achievers. Burt talks about the challenges he faced in the business world, like being kicked out of his initial Greatness Factory venue, which taught him the importance of owning assets. He also describes how to convert one's skills and potential into real success through proper vehicles and environments. Faith highlights the significance of immersive experiences at smaller, intimate events for true transformation. The episode concludes with Burt sharing how to engage with his coaching programs and upcoming speaking events, emphasizing the long-term benefits of continuous learning and mentorship.https://www.coachburt.com/www.instagram.com/michealburt/00:00 Welcome to Bill Faith Unfiltered00:02 Introducing the Greatness Factory00:38 Meet Super Coach Micheal Burt01:38 Micheal Burt's Coaching Journey04:12 The Making of a Championship Coach08:40 Transitioning to Business Coaching13:43 Unlocking Potential with Prey Drive15:21 Building the Greatness Factory20:49 Entrepreneurial Spirit and Boldness23:52 The Power of Manifestation24:24 Creating a Culture of Trust and Purpose24:45 The Importance of Environment and Surroundings25:10 Building Deep Relationships30:55 The Language of Winning33:01 The Success Cycle vs. The Sewer Cycle34:30 The Value of Proximity and Immersive Experiences35:39 The Journey to Mastery39:02 The Importance of Seizing Opportunities48:00 Final Thoughts and Contact Information➡️ 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

In this engaging discussion, Justin Ford, an expert in short-term rental safety and creator of a leading safety course, dives into the often-overlooked topic of property safety. He reveals alarming statistics about inadequate safety measures in rentals and shares insights from a major safety inspection that exposed numerous dangers. The conversation covers common mistakes hosts make, from misplaced fire extinguishers to grilling hazards. With a touch of humor, Ford highlights the concept of 'vacation brain,' emphasizing the need for proactive safety precautions in every rental.

Tyler Coon, known as the 'King of Seller Credits' from Savvy Realty, joins to unravel the power of seller credits in real estate. He shares Bill's impressive wins, including a $150,000 credit on a $3 million property. The duo clarifies the confusion between seller credits and traditional concessions, emphasizing effective negotiation tactics. Tyler explains the critical role of knowledgeable agents and the importance of addendums in transactions. They discuss how these credits can significantly boost cash returns and property value, making them an indispensable tool for savvy investors.