Bill Faeth Unfiltered

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 discusses the topic - 'Are you ready to buy property?' He first encourages listeners to identify the reasons behind their decision to invest and also to decide whether it's a lifestyle asset or a financially driven decision. He then talks about the importance of understanding one's 'bankability' and examines the various factors that affect it such as debt-to-income ratio and credit score. He also gives strategies on how to improve bankability and reminds his listeners to plan for multiple deals ahead. Bill ends by inviting his listeners to the upcoming STR Wealth Conference.02:01 Introduction and Welcome02:22 Understanding Your Motivation to Buy02:51 Financially Driven Decisions vs Lifestyle Assets04:05 Are You Bankable? Understanding Loan Options04:22 Understanding Your Debt to Income Ratio05:49 Managing Your Credit Score and Debt06:48 Strategies to Improve Your Bankability08:53 Planning Your Financial Investing Strategy09:36 Setting Your Investment Goals11:19 Conclusion and Invitation to STR Wealth ConferenceWatch this episode on our Youtube Channel Every Tuesday & Fridayhttps://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kAThe Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508You can find more of Bill online at:Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1Build STR Wealth: https://buildstrwealth.com/Instagram: @BillFaeth73Tik Tok: @bfaeth Learn more about your ad choices. Visit megaphone.fm/adchoices

Shawn Moore, owner of “Vodyssey” and one of the great minds in the world of Short-Term Rentals, discusses his upbringing, journey into real estate, and the importance of marketing and presentation. He and the host explore the debate between self-management and hiring property managers. They also share their projections for the market in 2024 and plans for a joint seminar.

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, Bill discusses the upcoming opportunities in the real estate market as the Fed announces likely rate increases in 2024, urging listeners not to fear changes in interest rates but to focus on cash flow, cash on cash return and the internal rate of return. He believes that the possible rate decrease could shift the market into a seller's market as more buyers enter. For this, Bill encourages preparation, including being bankable and maintaining a strong credit score. He advises listeners to use any equity in their properties to reinvest and potentially increase their income. He also highlights the importance of being selective with properties, suggesting that properties without certain attributes might not return high yields. At the end, he introduces his inner circle program that helps members understand real estate investment better.00:01 Introduction and Welcome02:06 Understanding the Opportunity in Rising Interest Rates03:08 Predictions for Federal Rate Increases in 202404:08 Preparing for the Impact of Decreasing Interest Rates05:45 Importance of Being Bankable and Protecting Your Credit07:44 How to Prepare for Buying Opportunities in 202407:59 Understanding the Importance of Debt to Income Ratio08:36 Maintaining Good Credit Score and Its Impact09:59 Predictions for the Real Estate Market in 202412:22 Understanding the Concept of Super Properties13:18 Making Sound Investments and Building Equity14:07 Closing Remarks and Contact InformationWatch this episode on our Youtube Channel Every Tuesday & Fridayhttps://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kAThe Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508You can find more of Bill online at:Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1Build STR Wealth: https://buildstrwealth.com/Instagram: @BillFaeth73Tik Tok: @bfaeth Learn more about your ad choices. Visit megaphone.fm/adchoices

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, Bill anticipates a strong year for real estate in 2024, influenced heavily by the Federal Reserve's potential interest rate decreases. He advises listeners about strategic positioning for success, emphasizing the importance of being proactive, making strategic investments, and not being afraid to access capital. He mentions his '550 to 50' plan, which involves generating a net income of $250,000 from five properties. He also shares insights on how average properties might struggle, whereas 'super properties', built with extreme intention and catered to a specific buyer demographic will thrive. The discussion concludes with tips on reassessing investments and keeping an eye open for new opportunities, and a mention on the speaker's mastermind program 'Inner Circle'.00:00 Introduction and Predictions for 202400:21 The Role of the Federal Reserve and Interest Rates00:52 The Importance of Positioning and Accessing Capital01:45 The Potential of Property Investments02:25 The Impact of Federal Rate Decreases03:00 The Rise of Boutique Hotels and Super Properties03:46 The Importance of Portfolio Repositioning04:10 The Pumpkin Plan and Building a Portfolio04:26 The Danger of Average Properties and the Need for Unique Features05:06 The Strategy for Super Properties05:33 The Inner Circle and the Importance of Design06:00 The Danger of Staying in the Middle06:54 The Strategy for Accessing Equity and Making Improvements07:40 The Importance of Proper Thinking and Seeking Opportunities08:08 Conclusion: The Red Car Theory and Looking for OpportunitiesWatch this episode on our Youtube Channel Every Tuesday & Fridayhttps://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kAThe Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508You can find more of Bill online at:Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1Build STR Wealth: https://buildstrwealth.com/Instagram: @BillFaeth73Tik Tok: @bfaeth Learn more about your ad choices. Visit megaphone.fm/adchoices

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, explores revenue maximization for short-term rental property owners. Bill emphasizes the need for tactical preparation ahead of the summer booking season, shares his expertise in high-demand property management, and sheds light on ideal revenue management strategies. He also gives actionable tips to property owners on upgrading property profiles to increase booking chances and price margins, with a specific focus on the summer seasons. In addition, Bill delivers a stern warning for those looking to buy properties, alerting them of an imminent Federal Reserve rate cut which could increase competition and property prices. Lastly, the host calls for feedback and reviews on various podcast platforms and offers his assistance through email and social media channels.00:01 Introduction and Holiday Recap00:35 Importance of Summer Booking Season01:47 Revenue Management and Listing Optimization03:24 Understanding Booking Lead Time04:09 Maximizing Rates and Annual Revenue08:20 Importance of Property Maintenance and Upgrades13:09 Customer Retention and Direct Booking15:16 Real Estate Market Predictions for 202416:17 Conclusion and Contact InformationWatch this episode on our Youtube Channel Every Tuesday & Fridayhttps://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kAThe Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508You can find more of Bill online at:Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1Build STR Wealth: https://buildstrwealth.com/Instagram: @BillFaeth73Tik Tok: @bfaeth Learn more about your ad choices. Visit megaphone.fm/adchoices

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 STR Unfiltered, host Bill Faeth discusses the significance of investing in high-quality photography for short-term rentals. He argues that investing in top-tier photos is the best way to maximize return on investment (ROI) for rental owners. He shares his personal story of investing an average of $2500 per property on photography, which has considerably boosted his bookings and income. Bill emphasizes the need for 3D renderings for properties with multiple floors and highlights the impact of quality photos on time spent on a site, conversion rates and rankings. The discussion encompasses home staging for photography, branding the property through design and color scheme, and why owners should be physically present during photo shoots. Bill also highlights that video content will be important in the future too. Lastly, he encourages listeners not to skimp on photos as they play a crucial role in marketing and conversion for short-term rentals.00:00 Introduction and Importance of Photos in Short Term Rentals00:34 Investing in High-Quality Photos for Your Property02:43 The Impact of Quality Photos on Booking Rates03:22 The Correlation Between Photo Quality and Conversion Rates04:01 Preparation and Staging for Property Photoshoot05:31 The Role of the Property Owner in the Photoshoot06:25 The Importance of Capturing Property Features and Views08:07 The Advantage of Having Perfect Photos09:36 The Role of Video in Property Marketing10:12 Conclusion: The ROI of Investing in PhotosWatch this episode on our Youtube Channel Every Tuesday & Fridayhttps://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kAThe Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508You can find more of Bill online at:Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1Build STR Wealth: https://buildstrwealth.com/Instagram: @BillFaeth73Tik Tok: @bfaeth Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, host Bill Faeth discusses AI in property management with guest Sam Dundas, co-founder of GetBestie.ai. They talk about Dundas' journey, the creation of GetBestie.ai, and its revolutionary tool for property managers. They also discuss the upcoming launch of the CoPilot AI system and its benefits, features, pricing, and availability.

Tom Lyons, revenue management expert from Casado, discusses revenue management strategies, including adjusting prices based on demand, defining competitive sets, and utilizing dynamic pricing tools. He emphasizes the psychology of pricing and buyer perceptions, and offers advice for new co-hosts and owners on property analysis and competitor identification.

Angie Wisdom, a personal development and business coach, joins host Bill Faeth in an enlightening conversation. They discuss self-development, honesty, and motivation. They touch upon setting and maintaining non-negotiable commitments in life. They talk about breaking down personal excuses and embracing accountability. They also explore the power of manifestation in achieving goals and announce Angie's upcoming women-exclusive event.

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.A consultant for a school board with three children, a wife, and a short-term rental host.Highlighting that Liz is an everyday individual, not a wealthy real estate tycoon.Transition into Real EstateLiz's transition from teaching to consulting and what led her to explore real estate investment.The influence of a friend who started investing in real estate and encouraged Liz and her husband to do the same.Liz's journey from buying her first duplex to owning multiple properties in Quebec.Taking Control of Short-Term Rental ManagementLiz discusses her initial reliance on co-hosts for short-term rental management.Explains the frustration with high fees for guest communication and realizing that she was essentially handling guest questions herself.Talks about how research, education, and resources like the STR Unfiltered Facebook group gave her the confidence to take control of management.Transition timeline: Started self-management in October, only a month and a half ago.Improving Property ListingsLiz mentions using software like Rankbreeze for testing listing changes.Shares the importance of professional photography and her experience with finding the right photographer.Bill highlights the significance of 3D renderings for multi-story properties.Investing in Costa RicaLiz's decision to invest in Costa Rica despite never having visited, driven by long-term retirement plans.The appeal of the area's growth and development, including a Waldorf Astoria project.The potential for the property to serve as both an investment and a future retirement asset.Advice for Aspiring Short-Term Rental HostsEducate yourself and seek information from trusted sources.Persevere and don't give up, even when facing challenges.Keep trying different strategies and adjusting as needed. Learn more about your ad choices. Visit megaphone.fm/adchoices