In this episode of STRUnfiltered, Bill shares the story of the biggest mistake he’s made in his STR career. He goes through the three things that made the property become a failure and teaches you how to avoid what he went through.[0:00] Introduction[0:10] Biggest Mistake of STR Career[1:32] The Story[4:35] How I lost 124k on a Deal[8:20] Timing Has a lot to do with Success and Failure[11:05] Trusting a Young Inexperienced Agent[11:40] Don’t Try To Help People[12:35] Putting Eyes on the Property[14:30] Closing RemarksWatch this podcast each Tuesday & Friday on our Youtube Channel: https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kAYou can find more of Bill online at:Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508My InstagramBut that's not all. We’re thrilled to announce that tickets are now on sale for the 2024 STR Wealth Conference, featuring ‘The People’s Shark’ Daymond John as the headline speaker. With over 400 tickets already sold, reserve your spot today. Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode of STRUnfiltered, Bill introduces an All-In-One Marketing platform to enhance your STR’s performance and make your life easier![0:05] Introduction[0:26] Let’s Talk About Marketing[3:20] The Bigger Problem[4:14] The Core Four[5:00] Drive Traffic to Your Page[6:33] Using Excuses[7:35] MarketMySTR[11:45] Closing RemarksSay goodbye to the hassle of managing multiple marketing tools. Let us introduce you to the all-in-one platform that streamlines your marketing efforts and makes your life as a short term rental host a breeze. Sign up for a 14 Day Free Trial at MarketMySTRThe Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508My InstagramBut that's not all. We’re thrilled to announce that tickets are now on sale for the 2024 STR Wealth Conference, featuring ‘The People’s Shark’ Daymond John as the headline speaker. With over 400 tickets already sold, reserve your spot today.You can find more of Bill online at:Watch this episode on our Youtube Channel: https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kABill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1 Learn more about your ad choices. Visit megaphone.fm/adchoices

In this new episode, Bill talks about why he is passing on a great deal out west and why you need to think about every aspect of renovation before you give the green light and buy.[0:10] A House Out West[2:00] What the project needed[3:49] Why it's not a good deal[7:50] Doing your research[9:40] Time is everythingThe Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508My InstagramBut that's not all. We’re thrilled to announce that tickets are now on sale for the 2024 STR Wealth Conference, featuring ‘The People’s Shark’ Daymond John as the headline speaker. With over 400 tickets already sold, reserve your spot today.You can find more of Bill online at:Watch this episode on our Youtube Channel: https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kABill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1 Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Bill goes over why taking a risk with liability is not a risk you should take. If you want to protect yourself and your family, think about adding liability insurance to your STR.[0:05] Introduction[0:35] Liability example[1:15] Why you should care about your liability[4:05] Liability Insurance[7:00] Mitigating risk[9:15] Closing wrap upThe Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508My InstagramBut that's not all. We’re thrilled to announce that tickets are now on sale for the 2024 STR Wealth Conference, featuring ‘The People’s Shark’ Daymond John as the headline speaker. With over 400 tickets already sold, reserve your spot today.You can find more of Bill online at:Watch this episode on our Youtube Channel: https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kABill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1 Learn more about your ad choices. Visit megaphone.fm/adchoices

On this new episode of STRUnfiltered, Bill speaks about seriously preparing your financials before buying a short-term rental. Bill highlights the 5 points to implement so you are always Ready To Go![1:00] 45 Days in Advance[1:24] Credit Score[6:57] Debt to Income Ratio (DTI)[9:55] Personal Financial Statement (PFS)[13:43] Bad Debt[14:07] Getting Ready to Go!The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508My InstagramBut that's not all. We’re thrilled to announce that tickets are now on sale for the 2024 STR Wealth Conference, featuring ‘The People’s Shark’ Daymond John as the headline speaker. With over 400 tickets already sold, reserve your spot today.You can find more of Bill online at:Watch this episode on our Youtube Channel: https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kABill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1 Learn more about your ad choices. Visit megaphone.fm/adchoices

While we get closer to the ultra-peak season for vacation rentals, you have to stop and review your plan and think three properties ahead. These are my key takeaways:[0:30] Current Deal/Acquisitions[1:00] Planning for success[1:55] Anticipating the next deal[2:15] Protecting your credit[3:45] Leveraging your taxes[4:35] Managing your Debt to Income (DTI)[5:33] Cash management planning[8:05] Building out your planThe Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508 Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, I let you into my current Kentucky deal and I show you how my brain works when I am evaluating properties to purchase.[1:00] Don’t follow influencers into any market.[1:30] Kentucky property description.[3:40] What can I do to upgrade this property?[8:18] Don’t buy if a property doesn’t check all your boxes.[8:40] An STR secret tip.The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508My InstagramBut that's not all. We’re thrilled to announce that tickets are now on sale for the 2024 STR Wealth Conference, featuring ‘The People’s Shark’ Daymond John as the headline speaker. With over 400 tickets already sold, reserve your spot today.You can find more of Bill online at:Watch this episode on our Youtube Channel: https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kABill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1 Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to STRUnfiltered with Bill Faeth, the podcast that takes your property to the next level. In this episode, Bill shares his expertise on how your tech stack can positively impact your portfolio. Get ready to level up with valuable tips and tricks, as Bill breaks down the essential tools and technologies that we use. Plus, don’t miss out on our affiliate links for exclusive deals in our podcast caption. Tune in now!OwnerRez https://www.ownerreservations.com?referredBy=oru5b14b4ce13xHospitable https://hospitable.com/?grsf=gojytlPricelabs https://pricelabs.co/users/sign_up?referral=pFGkTdRank Breeze https://rankbreeze.com/?affiliate=bstrwTouchstay https://touchstay.comStayfi https://stayfi.com?lmref=CfXJjQMinoan https://www.minoanexperience.com/Relay Insurance https://www.relayplatform.com/Ring https://ring.comSchlage  https://www.schlage.com/en/home/products/products-smart-locks.htmlEcobee thermostat https://www.ecobee.comPentair app https://www.pentair.com/en-us/pentairhome.htmlBNB CRM https://bnbcrm.com/But that's not all. We’re thrilled to announce that tickets are now on sale for the 2024 STR Wealth Conference, featuring ‘The People’s Shark’ Daymond John as the headline speaker. With over 400 tickets already sold, reserve your spot today.And for even more STR industry insights, tune in to our newest offering, Super Host Sunday. Get notified of future episodes by texting SUPERHOSTSUNDAY to 844-764-2132.Stay informed and up-to-date on the latest trends in the STR industry.https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kAExclusive Pricelabs Offer Here! Use code BILL25 & get 25% off for the first 3 months (offer valid for new users only)Take the next step towards growing your vacation rental business by enrolling in the STR Host Academy! With our comprehensive training, you’ll get the tools you need to increase your profits, attract new guests, and dominate your competition with marketing. Don’t wait any longer to start seeing results.Enroll in the STR Host Academy today! https://www.strhostacademy.com/hostacademyYou can find more of Bill online at:Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508Build STR Wealth: https://buildstrwealth.com/BK Hot Picks: https://bkhotpicks.com/Instagram: @BillFaeth73Tik Tok: @bfaeth Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to STRUnfiltered with Bill Faeth, the podcast that elevates your property game. In this episode, Bill reveals the key information you need to know before buying a short-term rental. Learn from the expert as he shares insights on avoiding the biggest mistake of not running proformas, calculating monthly costs for a solid buy-in, and identifying what truly makes a property enticing, without falling for self-justified stories. Tune in now and level up your STR investing game.But that's not all. We’re thrilled to announce that tickets are now on sale for the 2024 STR Wealth Conference, featuring ‘The People’s Shark’ Daymond John as the headline speaker. With over 400 tickets already sold, reserve your spot today.And for even more STR industry insights, tune in to our newest offering, Super Host Sunday. Get notified of future episodes by texting SUPERHOSTSUNDAY to 844-764-2132. Stay informed and up-to-date on the latest trends in the STR industry.Watch this podcast each Tuesday on our Youtube Channel: https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kAExclusive Pricelabs Offer Here! Use code BILL25 & get 25% off for the first 3 months (offer valid for new users only)Take the next step towards growing your vacation rental business by enrolling in the STR Host Academy! With our comprehensive training, you’ll get the tools you need to increase your profits, attract new guests, and dominate your competition with marketing. Don’t wait any longer to start seeing results. Enroll in the STR Host Academy today! https://www.strhostacademy.com/hostacademyYou can find more of Bill online at:Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1 The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508Build STR Wealth: https://buildstrwealth.com/ BK Hot Picks: https://bkhotpicks.com/ Instagram: @BillFaeth73Tik Tok: @bfaeth Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to STRUnfiltered, where Bill Faeth shares his expertise on leveling up your property. In this episode, Bill emphasizes the importance of preventative maintenance and preplanning before purchasing. He shares insights on how to calculate your property's amenities and their impact on profitability. Bill also discusses what causes a decrease in your properties year over year. Tune in for valuable tips on taking your property to the next level.But that's not all. We’re thrilled to announce that tickets are now on sale for the 2024 STR Wealth Conference, featuring ‘The People’s Shark’ Daymond John as the headline speaker. With over 400 tickets already sold, reserve your spot today.And for even more STR industry insights, tune in to our newest offering, Super Host Sunday. Get notified of future episodes by texting SUPERHOSTSUNDAY to 844-764-2132. Stay informed and up-to-date on the latest trends in the STR industry.Watch this podcast each Tuesday on our Youtube Channel: https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kAExclusive Pricelabs Offer Here! Use code BILL25 & get 25% off for the first 3 months (offer valid for new users only)Take the next step towards growing your vacation rental business by enrolling in the STR Host Academy! With our comprehensive training, you’ll get the tools you need to increase your profits, attract new guests, and dominate your competition with marketing. Don’t wait any longer to start seeing results. Enroll in the STR Host Academy today! https://www.strhostacademy.com/hostacademyYou can find more of Bill online at:Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1 The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508Build STR Wealth: https://buildstrwealth.com/ BK Hot Picks: https://bkhotpicks.com/ Instagram: @BillFaeth73Tik Tok: @bfaeth Learn more about your ad choices. Visit megaphone.fm/adchoices