Bill Faeth Unfiltered

Ryan Bakke, a tax strategist specializing in small and medium businesses as well as short-term rentals, shares invaluable insights on year-end tax strategies. He emphasizes the critical role of proper bookkeeping and having a CPA to navigate tax planning effectively. Ryan discusses innovative tips like paying children for business tasks to build their Roth IRAs, and the strategic benefits of cost segregation studies for maximizing deductions. He provides actionable advice on prepaying taxes and utilizing retirement accounts to enhance savings before the fiscal year closes.

Bill welcomes Sam Rubin, the founder of the top luxury concierge service, DONE Concierge Service, based in Park City. Sam shares his journey from the restaurant business and email marketing in Huntsville, Alabama, to managing a high-end ground transportation company and luxury concierge service. Sam discusses the importance of exceptional guest services, such as personalized grocery deliveries and transportation, and how they can elevate short-term rental experiences. He emphasizes the value of building relationships over transactions and offers practical tips for property managers to implement similar services. The episode also highlights how these premium services can transform guest impressions and lead to increased bookings and revenue.stayfi.com/billDiscount code: BILLhttps://www.marketmystr.com/00:00 Introduction to Bill Faeth Unfiltered00:14 Revolutionizing Bookings with StayFi01:10 Exclusive Offer: 50% Off StayFi01:50 Special Guest: Sam Rubin02:41 Sam Rubin's Journey to Park City08:03 From Uber Driver to Luxury Transportation11:03 Navigating COVID with Tony Hsieh15:29 Expanding Services with Abode18:16 Launching DONE Concierge Services19:39 Catering and Family Meals for Large Groups20:15 The Importance of Connections in Service Delivery21:30 Enhancing Guest Experience with Personalized Services22:11 Innovative Grocery Delivery Solutions27:13 The Impact of First and Last Impressions29:29 Starting Concierge Services: Tips and Advice31:21 Monetizing Additional Services37:07 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 STR 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!#STRUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

https://www.marketmystr.com/https://go.buildstrwealth.com/movetheneedleBill explores the power of email marketing to increase direct bookings for short-term rental properties. He shares practical strategies including leveraging tools like StayFi for email capture and Market My STR for comprehensive marketing automation. Bill emphasizes the importance of building a 200-day email funnel to foster repeat bookings and discusses how integrating personalized content and multiple communication channels can enhance guest loyalty. He also offers insights into using research tools like ChatGPT and Jasper.ai for creating effective marketing content. The episode provides actionable steps to turn short-term rental businesses into profit-generating and future-proofed ventures.stayfi.com/billDiscount code: BILL00:00 Introduction to Email Marketing for Short-Term Rentals00:17 The Power of Repeat Bookings00:54 Email Marketing: The Key to Direct Bookings01:20 Tools for Effective Email Marketing01:58 Building a 200-Day Email Funnel03:16 Using AI for Research and Copywriting05:58 Content Strategy for the 200-Day Funnel13:28 Personalization and Automation16:03 Conclusion and Next Steps➡️ 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 STR 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!#STRUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

https://go.buildstrwealth.com/movetheneedleMarketMySTR: https://www.marketmystr.com/Co-hosting Business Masterclass: https://buildstrwealth.com/cohost5/50/250 Plan: buildstrwealth.com/550250masterclassIn this episode you'll learn how to break into the Airbnb business without owning a property by becoming a co-host. Bill explains the process, addressing common questions about co-hosting, required skills, and how to make money. He contrasts co-hosting with the riskier Airbnb arbitrage model and provides insights on how to manage and profit from co-hosting ethically. By the end, viewers will have actionable steps to start their short-term rental journey, including marketing strategies and scaling tips to make significant income without upfront investment.stayfi.com/billDiscount code: BILL00:00 Introduction to Starting Airbnb with No Money00:11 Why Co-Hosting is the Best Option01:00 The Pitfalls of Arbitrage02:16 Understanding Airbnb Co-Hosting03:13 Transparency in Co-Hosting05:19 Financial Setup and Scaling08:22 Maximizing Earnings and Scaling Up13:05 Targeting High-End Markets14:24 Building a Brand and Acquiring Clients19:52 Conclusion and Masterclass Invitation➡️ 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 STR 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!#STRUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

https://go.buildstrwealth.com/movetheneedleBill welcomes Brianna Chavis, a resilient co-host in the short-term rental (STR) industry. Brianna shares her remarkable journey overcoming significant adversities, including losing her home to a fire and enduring hurricane damages. The discussion highlights her transition from real estate investing to co-hosting to recover financially, underscoring the importance of resilience, safety measures, and proper insurance coverage. Brianna's experiences offer valuable lessons in reviewing insurance policies, ensuring adequate coverage, and the financial implications of policy changes. The episode also emphasizes the strength in community and gratitude towards mentorship. Listeners are encouraged to subscribe for more insightful content.stayfi.com/billDiscount code: BILL00:00 Introduction and Event Promotion00:53 Meet Brianna Chavis: A Story of Resilience01:44 The Day Everything Changed04:44 Insurance Woes and Lessons Learned10:18 Navigating Post-Disaster Challenges11:15 Building a Co-Hosting Business11:42 Financial Struggles and Survival12:32 Fire Safety and Property Management14:36 Success Stories and Case Studies16:29 Overcoming Natural Disasters17:20 Lessons Learned and Future Plans19:29 Final Thoughts and Gratitude➡️ 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 STR 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!#STRUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

https://go.buildstrwealth.com/movetheneedleBill sits down with Austin Palacios, a wealth manager turned short-term rental investor, to discuss his journey into the rental market and the establishment of his Airbnb property management business in Southern Florida. The conversation reveals strategies for managing and scaling a property portfolio, particularly focusing on high-revenue, luxury properties with pools. Key insights include effective customer acquisition, building authority in a single market, and leveraging inbound marketing. Practical advice such as maintaining a manageable number of properties, using Zoom consultations, and integrating sales and marketing efforts is shared. The importance of building trust and demonstrating value before pitching is emphasized, with further guidance on avoiding common mistakes and ensuring consistent follow-up with potential clients.stayfi.com/billDiscount code: BILL00:00 Welcome to STR Unfiltered with Bill Faith and Austin Palacios00:37 Austin's Journey from Wealth Management to Real Estate01:41 Diving into the Co-Hosting Business02:49 Challenges and Learning in Property Management06:01 Exploring Austin's Property Portfolio09:53 Customer Acquisition Strategies in Co-Hosting10:55 Lead Generation Strategies11:23 Sales and Marketing Integration11:42 Building a Top Airbnb Portfolio12:16 Effective Co-Hosting Techniques13:21 Scaling and Managing Properties15:26 Mastering Sales Calls17:15 Inbound Marketing and Value Addition20:55 Final Thoughts and Key Takeaways➡️ 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 STR 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!#STRUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

https://go.buildstrwealth.com/movetheneedleBill discusses the critical importance of evaluating real estate agents when purchasing property. He outlines four essential criteria every agent must meet, highlighting the necessity of running your own numbers and underlining the pitfalls of relying solely on agents' calculations. Bill shares his experiences with top agents such as Avery Carl and Tyler Coon, emphasizing the significance of an agent's experience and their involvement in the short-term rental market. He stresses the importance of agents speaking the industry lingo and owning short-term rentals themselves, providing insights into the best practices for property investment. Bill concludes with advice on focusing on strategic property deals rather than just large-scale investments.stayfi.com/billDiscount code: BILL00:00 Introduction to STR Unfiltered00:05 Why You Shouldn't Trust Your Real Estate Agent00:52 The Importance of Running Your Own Numbers04:37 Using Data Tools for Accurate Projections06:03 The Significance of STR Sales Experience08:11 Speaking the STR Lingo09:43 The Value of Agent Ownership10:55 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 STR 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!#STRUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

https://go.buildstrwealth.com/movetheneedleBill outlines a comprehensive guide to becoming the number one property in your market by focusing on location, views, proximity, unique amenities, and guest-centric design. With specific examples from successful properties, it highlights the importance of a best location that cannot be replicated, ensuring top views, proximity to desired attractions, and offering distinctive amenities. The focus is also on designing for an ideal guest persona, such as 'Wealthy Wendy,' to create an appealing and marketable property. BIll concludes with three bonus strategies, including buying properties wisely, innovating with unique amenities, and leveraging a strong guest profile.stayfi.com/billDiscount code: BILL00:00 Introduction: Becoming the Top Property in Your Market00:24 Tip 1: Best Location02:19 Tip 2: Top Views04:50 Tip 3: Proximity06:40 Tip 4: Unique Amenities10:38 Tip 5: Design for Your Ideal Guest11:37 Bonus Tips for Success14:25 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 STR 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!#STRUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

https://go.buildstrwealth.com/movetheneedleBill walks listeners through the challenges that short-term rental property owners will face in 2024, identifying seven key components to address: Market Saturation, Market Selection, The Kardashian Effect, Budget, Pricing Strategies, Debt Control, and Proforma Use. Faye emphasizes the importance of unique amenities, competitive pricing, and efficient property setup. Additionally, he advises on prudent financial management and the strategic timing of property investments to ensure long-term success. Tune in for actionable insights to enhance your short-term rental investments.stayfi.com/billDiscount code: BILLUnlock Your Potential with Our EXPERT Proforma: https://buildstrwealth.com/proformaBootcamp Tour: https://go.buildstrwealth.com/tour00:00 Introduction to STR Unfiltered00:16 Revolutionary Product: StayFi01:50 Meet Your Host: Bill Faith02:45 Challenges in 2024 and Solutions03:39 Market Saturation and Selection13:17 The Kardashian Effect in Property Marketing18:25 Budgeting for Success20:19 Effective Pricing Strategies22:23 Managing Debt and Investment Strategies25:04 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 STR 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!#STRUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

https://go.buildstrwealth.com/movetheneedleBill sits down with Erik Courson from STR Tech Talk to discuss essential technology and automation tips for short-term rental hosts. They dive into the importance of getting hands-on experience before adopting advanced platforms like OwnerRez, the value of mobile experience, and the critical role of guest messaging. Erik shares insights on using platforms such as Hospitable for better messaging management, integrating AI for optimizing pricing, and the importance of learning from communities. Practical advice is given for both beginners and more experienced hosts on leveraging technology to improve hosting capabilities.stayfi.com/billDiscount code: BILLBootcamp Tour: https://go.buildstrwealth.com/tour00:00 Welcome to STR Unfiltered with Erik Courson00:24 Starting with Technology in STR01:44 Mobile vs. Laptop for STR Management02:33 Importance of Guest Messaging05:20 Advanced Automations and AI in STR08:09 Building Custom Reports and Dashboards09:00 Advice for Experienced Hosts09:30 The Value of Community and Learning10:46 Closing Remarks and Community Shoutout➡️ 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 STR 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!#STRUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices