Are you annoyed by Airbnb's high fees, rigid rules, and oversaturated market?I feel you. These third-party booking platforms can really eat into our profits and strain our relationships with guests. But relying on a single platform for all bookings isn’t a smart move anyway! That’s why I've brought Arthur Colker, the mastermind behind StayFi, onto the show today.Arthur will share the best and easiest way to capture guests’ email addresses, helping you boost direct bookings, foster repeat business, and upsell your other services to guests, maximizing your profits.His tips and tools have helped me get 38% of direct bookings, and they can help you too, so be sure to tune in! Key Takeaways:  00:00:00 Intro  00:00:59 What is StayFi, and why should you utilize it? 00:03:22 The inspiration behind StayFi 00:06:57 Upselling opportunities  00:10:47 The importance of a good email list 00:12:56 Outro ⏺️ Join Our Masterclass to Unlock STR Wealth: https://buildstrwealth.com/innercircleAdditional resources: ➡️ Check out StayFi: https://stayfi.com/ ➡️ Ready to start building STR wealth? • Join Our Masterclass to Unlock STR Wealth: https://buildstrwealth.com/innercircle• Sign Up for Our STR Host Academy: https://www.strhostacademy.com/hostacademy• Gain Full Access to the Superhost Library: https://buildstrwealth.com/thelibrary• Reserve a Spot in Our Super Life Plan Training: https://www.billfaeth.com/lifeplantraining➡️ Learn more about starting an STR business:• Take the Airbnb Profit Maximizer Course: https://buildstrwealth.com/profitmax299• Sign Up for Our Co-hosting Business Masterclass: https://buildstrwealth.com/cohost• 3-Day Training Program for New Airbnb Hosts: https://buildstrwealth.com/3daytraining • Facebook Ads Training for Hosts: https://buildstrwealth.com/facebookads• Virtual Marketing Mastery Boot Camp: https://buildstrwealth.com/marketingmastery➡️ Grab some FREE resources:• [FREE Download] Get Your 10-POINT Direct Booking Optimization Checklist: https://buildstrwealth.com/directbooking • [FREE Download] Unlock Your Potential with Our EXPERT Proforma: https://buildstrwealth.com/proforma• [FREE Donwload] Grab Our ULTIMATE Guide for STR hosts: https://buildstrwealth.com/ultimateguide• [FREE Donwload] Discover the 7 GOLDEN RULES for Airbnb Hosts:https://buildstrwealth.com/7goldenrules• [FREE Donwload] Unlock Your Dream Life Plan: https://www.billfaeth.com/lifeplan➡️ 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.Follow so you never miss an episode! Learn more about your ad choices. Visit megaphone.fm/adchoices

How are we going to turn this old lake house into a short-term moneymaking rental? Easy! We'll renovate it, modernize it, make the most of its many rooms, maximize occupancy, provide the outdoor amenities every lake house needs, build a game room that will leave everyone speechless, optimize our listing, and step up our marketing game. In no time, this outdated lake house will become a mega super property generating STR wealth like it’s nothing. Don’t believe us?Then tag along for the ride, and we’ll show you!Key Takeaways:  00:00:00 Intro  00:00:37 How we’re going to modernize the house 00:04:18 Utilizing the rooms  00:08:22 Maximizing occupancy  00:11:41 Utilizing the large basement space  00:13:52 Outdoor amenities are a must for a lakehouse 00:16:23 Game room? Game room!  00:17:42 First thing we’ll do when we get there 00:19:24 Outro ⏺️ Join Our Masterclass to Unlock STR Wealth: https://buildstrwealth.com/innercircleAdditional resources: ➡️ Ready to start building STR wealth? • Join Our Masterclass to Unlock STR Wealth: https://buildstrwealth.com/innercircle• Sign Up for Our STR Host Academy: https://www.strhostacademy.com/hostacademy• Gain Full Access to the Superhost Library: https://buildstrwealth.com/thelibrary• Reserve a Spot in Our Super Life Plan Training: https://www.billfaeth.com/lifeplantraining➡️ Learn more about starting an STR business:• Take the Airbnb Profit Maximizer Course: https://buildstrwealth.com/profitmax299• Sign Up for Our Co-hosting Business Masterclass: https://buildstrwealth.com/cohost• 3-Day Training Program for New Airbnb Hosts: https://buildstrwealth.com/3daytraining • Facebook Ads Training for Hosts: https://buildstrwealth.com/facebookads• Virtual Marketing Mastery Boot Camp: https://buildstrwealth.com/marketingmastery➡️ Grab some FREE resources:• [FREE Download] Get Your 10-POINT Direct Booking Optimization Checklist: https://buildstrwealth.com/directbooking • [FREE Download] Unlock Your Potential with Our EXPERT Proforma: https://buildstrwealth.com/proforma• [FREE Donwload] Grab Our ULTIMATE Guide for STR hosts: https://buildstrwealth.com/ultimateguide• [FREE Donwload] Discover the 7 GOLDEN RULES for Airbnb Hosts:https://buildstrwealth.com/7goldenrules• [FREE Donwload] Unlock Your Dream Life Plan: https://www.billfaeth.com/lifeplan➡️ 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.Follow so you never miss an episode! Learn more about your ad choices. Visit megaphone.fm/adchoices

Learn how small amenities can make a big impact on short-term rentals, from essential kitchen supplies to luxurious bathroom features. Discover insider tips for creating a memorable guest experience, including unique touches like coffee bars and spa-like setups. Explore the importance of offering water-related activities and thoughtful amenities like fire pits and good lighting for safety and ambiance.

StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi!Ready to go from a Good to Great STR Investor? Download the same exact Proforma both Jon “The Bank Whisperer” Hodge and I both use to Underwrite our personal investments and for Rivan Capital group. Free Training included with this free download.Download Here - https://buildstrwealth.com/proformaThis episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.In this episode, Bill sits down with Arthur Kolker, founder of StayFi, a company providing solutions for short-term rental hosts to grow their business by building an email list and maximizing guest data. They discuss the importance of guest data, value of Staphy, and other integrations like the homepage, Hostco, and Viator that can generate additional revenue. Arthur also shares insights from his marketing background, the story of StayFi's inception, and how it caters to all sizes of property managers. The usefulness of Staphy for remarketing to guests and the possibilities it holds for future growth are addressed.00:00 Introduction and Guest Introduction00:12 The Importance of Marketing Tools in Short Term Rentals00:43 Meet Arthur Kolker: The Founder of StayFi01:11 Understanding StayFi and Its Benefits01:47 The Power of Email List Building03:21 The Birth of StayFi: Arthur's Journey05:35 StayFi's Growth and Impact07:18 StayFi's New Platform: Homepage11:38 The Value of Email Lists Beyond Email Marketing13:39 StayFi's Presence in Upcoming Conferences15:37 Closing Remarks and AppreciationWatch 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 podcast, Bill discusses the importance of knowing the target customers in the short-term rental business. He focuses on 'Wealthy Wendy' as the target persona, emphasizing amenities like comfortable blankets, paper plates, and a personalized coffee bar. The podcast also covers strategies for tailoring property experiences to ideal guests and enhancing guest satisfaction through well-equipped environments.

StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi!Ready to go from a Good to Great STR Investor? Download the same exact Proforma both Jon “The Bank Whisperer” Hodge and I both use to Underwrite our personal investments and for Rivan Capital group. Free Training included with this free download.Download Here - https://buildstrwealth.com/proformaThis episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.In this episode, Bill Faeth, an experienced real estate entrepreneur, shares key elements necessary for success in short-term rental investments. He stresses treating each property as an individual business and highlights four core components: Market Selection, involving choosing a location, submarket, and property counts; Underwriting, where thorough diligence and periodic cash on equity audits are essential; Marketing, engaging in promotional strategies such as buy-sell-trade groups, and email marketing; and Revenue Management, focusing on strategies like leveraging cancellation policies, optimizing pricing and managing expenses to maximize net income. Bill emphasizes the importance of keeping these elements in balance to transition from being an average to a successful real estate investor.00:01 Introduction and Background00:46 The Journey of Real Estate Investment01:26 The Importance of Experience and Learning in Investment02:06 The Reality of Real Estate Investment05:22 The Importance of Market Selection06:38 The Story of a Successful Investment06:48 Understanding Sub Markets12:21 The Importance of Underwriting22:17 The Role of Marketing in Real Estate Investment27:15 The Importance of Revenue Management34:13 Conclusion and Final ThoughtsWatch 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 concept of sharing knowledge openly within the industry. He emphasizes that there are no real secrets left, advocating for a culture of generosity. Bill discusses the importance of understanding the dynamics of the market, including fluctuations and saturation. He highlights the difference between 'saturated' markets and bedroom counts in sub-markets, and sharing why individual properties should be the focus of investment, not markets as a whole. Bill provides his insights into finding profitable investments, including understanding regulations, analyzing proximity and views, and utilizing suitable perfomas. He touches upon the significance of location, suggesting that investors focus more on the property's appearance and its proximity to attractions. Bill lists some currently strong markets including Hot Springs, Arkansas and Asheville, North Carolina, and focuses on Banner Elk as an ideal micro-market. He wraps up the episode by urging listeners to get better at analyzing deals, negotiating with banks and sellers, and maximizing marketing and revenue management.00:01 Introduction and the Importance of Sharing in the STR Industry01:12 Understanding Market Fluctuations and the Role of Data Analysis03:05 The Concept of Market Saturation and its Misconceptions05:05 The Importance of Submarkets and Finding Niches06:33 Investing in Properties, Not Markets10:38 The Power of Proximity and Location in STR Investments10:51 The Role of Regulation, Traffic Generators, and Views in STR Investments11:31 The Importance of Marketing Opportunities in STR Investments13:07 Exploring Potential Markets for STR Investments16:31 The Importance of Research and Analysis in STR Investments17:17 Conclusion and Final ThoughtsWatch 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 edition of STRUnfiltered, Bill Faeth sits down with Jason Hartman, CEO of a real estate investment company, on the STR Unfiltered podcast. They discuss different types of rental markets including short term, midterm and long term, with a specific focus on long term rentals. Hartman shares his insights on the market trends, how interest rates affect the real estate market, and the potential impact on prices and inventory as more people become capable of affording homes as rates decline. He advises against market timing, suggesting that investors should enter the market and adjust their strategy as needed, rather than attempting to time their entry perfectly. Lastly, he mentions how homeowners today are not inclined to sell due to either extremely low mortgage rates or having no mortgage at all, making a housing market crash unlikely.00:02 Introduction and Personal Experiences01:22 Understanding Repositioning in Real Estate01:56 The Importance of Financial Planning in Property Investment03:03 The Decision-Making Process in Property Repositioning07:54 The Role of Appreciation in Property Investment10:10 The Tax Implications of Repositioning11:44 The Importance of Continuous Learning in Property Investment12:57 Conclusion and Call to ActionWatch 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 edition of STRUnfiltered, host Bill Faeth discusses the process and strategy behind property repositioning. Bill shares his personal experiences with repositioning properties and outlines how it can aid in achieving financial freedom. He emphasizes the importance of understanding the reasoning behind repositioning decisions and considers factors like appreciation, equity, and net income when determining whether to reposition. Bill also guides listeners on how to evaluate if a property is underperforming, offering advice on how to make informed decisions when engaging in a financially driven repositioning move. The discussion also covers tax considerations in the repositioning process. Towards the end, Bill encourages listeners to learn from their past decisions and constantly improve their investment strategies.00:02 Introduction and Personal Experiences01:22 Understanding Repositioning in Real Estate01:56 The Importance of Financial Planning in Property Investment03:03 The Decision-Making Process in Property Repositioning07:54 The Role of Appreciation in Property Investment10:10 The Tax Implications of Repositioning11:44 The Importance of Continuous Learning in Property Investment12:57 Conclusion and Call to ActionWatch 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, the hosts of STR Unfiltered, Bill Faeth and Chris Wharton, reflect on their recently held conference while discussing the lessons learnt, pain points, and possible improvements for future events. The key discussions revolve around the new initiatives by StayFi, the detailed recap of the conference and its vendors, and the unpredicted costs it entails to put on a successful conference. Future areas for improvement, such as venue selection, seating arrangements, and ticketing, were discussed at length.00:00 Introduction and Welcome00:15 Introducing HomePage: The Next Level of Marketing00:49 The Importance of StayFine in Marketing Funnel01:05 Special Edition with Chris Wharton01:17 Recap of the Conference01:41 Behind the Scenes of the Conference01:57 The Evolution of the Conference03:35 Challenges and Learnings from the Conference05:12 The Financial Aspect of the Conference05:56 Improvements for Future Conferences09:29 The Impact of Vendors and Speakers15:04 The Role of Artificial Intelligence in Hosting25:28 Closing Remarks and Future Plans27:10 Sponsor Message: Market My STRWatch 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