Bill Faeth Unfiltered

Bill shares his comprehensive checklist for underwriting profitable properties, emphasizing the importance of intangibles and listing optimization. Broadcasting from a lakefront property in Alabama, he discusses key components such as revenue management, off-platform marketing, and advanced listing techniques. Bill highlights the critical role of high-quality photos, exceptional copywriting, and effective use of dynamic pricing tools. The episode provides a deep dive into his targeted marketing strategies, including Google trends, buy-sell trade groups, and a 200-day direct booking funnel, aiming to help listeners optimize their property listings and boost their revenues.Couples Retreat - https://buildstrwealth.com/puertoricostayfi.com/billDiscount code: BILLwww.buildstrwealth.com/550250masterclasshttps://buildstrwealth.com/innercircle02:00 Introduction to Property Underwriting02:40 Location and Marketing Components03:50 Personal and Property Checklists05:23 Listing Optimization Strategies06:35 Revenue Management Insights11:24 Off-Platform Marketing Techniques18:20 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 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

Bill shares his strategy for reducing dependence on Online Travel Agencies (OTAs) and boosting direct bookings. He discusses his '550 250 Plan,' which aims to generate $250,000 in income over five years with five properties, each netting over $50,000. Bill details his latest $3 million property purchase in Montana, funded through strategic sales and creative financing. He breaks down essential components of sound investing: cash flow, appreciation, tax benefits, and debt paydown, and provides actionable insights into acquiring and managing profitable short-term rental properties.stayfi.com/billDiscount code: BILLwww.buildstrwealth.com/550250masterclasshttps://buildstrwealth.com/innercircle00:00 Introduction to STR Unfiltered00:17 The Power of StayFi for Email List Building01:18 Exclusive StayFi Discount Offer01:54 Buying a $3 Million Property for Free03:23 The 550 250 Plan Explained03:50 Case Study: Banner Elk Property05:27 Finding and Evaluating Deals06:44 Case Study: Gulf Shores Property08:09 Case Study: Coram Condo11:25 Executing the 550 250 Plan13:06 Four Core Components of Sound Investing21:30 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

Bill Faeth draws on his personal experiences to offer insights on maximizing revenue from short-term rentals. Recording from his cabin in Olney, Montana, Bill shares the story of his own property investment, discussing the importance of marketing skills, the underwriting process, and the need to balance lifestyle desires with financial decisions. He categorizes property purchases into three buckets: 100% financial-driven, a mix of lifestyle and financial, and primarily lifestyle-focused. Bill emphasizes the importance of understanding what guests want, especially focusing on outdoor amenities, and shares tips on managing and optimizing listings. Lastly, he underscores the value of investing in top-tier photography and videography for enhancing property appeal.[FREE Download] Unlock Your Potential with Our EXPERT Proforma: https://buildstrwealth.com/proforma00:00 Introduction to STR Unfiltered00:20 The Story Behind the Cabin Purchase01:24 Revving Up Your Revenue02:12 Understanding the Underwriting Process03:00 The Importance of Lifestyle vs. Financial Decisions04:29 Mindset and Business Strategy06:10 Enhancing Guest Experience with Outdoor Amenities11:01 Value Stacking and Marketing Strategies12:04 Conclusion 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

Bill Faeth and tax strategy expert David Perez dive into the world of short-term rentals (STR) and real estate investing. They discuss the crucial distinction between tax strategy and tax preparation, the benefits of STR for generating cash flow, and overcoming the challenges of high interest rates. The episode covers David’s WISC formula—Wealth, Income, Savings, and Control—and advice on navigating the real estate market for maximum tax and investment benefits. They also introduce the concept of 'lazy 1031' for reinvestment and emphasize the importance of strategic market selection and property management. Upcoming summer bootcamps are announced, featuring specialists like Jeff Hampton, offering comprehensive guidance on investing, tax strategy, and legal structuring.Join Our Masterclass to Unlock STR Wealth: https://buildstrwealth.com/innercircle[FREE Download] Unlock Your Potential with Our EXPERT Proforma: https://buildstrwealth.com/proforma00:00 Introduction to STR Unfiltered00:14 Meet the Hosts: Bill Faith and David Perez01:14 Diving into Short Term Rentals01:19 Interactive Session: Audience Engagement01:53 Real Estate Investment Strategies03:16 Navigating High Interest Rates03:29 The Four Quadrants of Real Estate Investing04:46 Importance of Cash Flow and Tax Benefits05:32 Strategic Real Estate Markets06:47 Impact of Political Climate on Investments07:20 Understanding Interest Rates and Market Trends08:41 Debt Pay Down and Amortization Strategies12:08 Planning for Retirement and Financial Freedom20:48 Bootcamp Announcements and Offers24:06 Material Participation and Tax Benefits28:26 Understanding Personal Days and IRS Classification28:44 Maximizing Property Use and Maintenance29:33 Thinking of Airbnb as a Business30:15 Emotional vs. Financial Decisions in Property Investment31:33 The 5-52-50 Plan for Financial Growth32:05 Case Study: Special Needs Airbnb Near Disney33:43 Investing in Pods for Risk Mitigation35:55 Material Participation and IRS Audits38:25 Setting Up a Management Company for STR39:33 Legal and Tax Strategies for Property Management41:56 Bootcamp Details and Special Guests44:09 Q&A: STR Strategies and Tax Benefits55:18 Final Thoughts and Event 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 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

Bill focuses on the rampant issue of buyer's remorse in the short-term rental and real estate industry. Bill shares insights from his 32 coaching calls, highlighting the importance of the entry point in real estate investments. He outlines the four critical components of underwriting a property: cash flow, appreciation, tax benefits, and debt paydown. Bill emphasizes the importance of due diligence and running multiple proformas to mitigate risks. He also discusses the significance of accelerated cash flow, the advantages of short-term over long-term and mid-term rentals, and the effective execution of the 550 250 plan. The episode concludes with a bonus tip on creative financing through seller credits.Join Our Masterclass to Unlock STR Wealth: https://buildstrwealth.com/innercircle[FREE Download] Unlock Your Potential with Our EXPERT Proforma: https://buildstrwealth.com/proforma00:00 Introduction to STR Unfiltered00:15 Buyer's Remorse in Real Estate01:21 Four Key Components of Property Underwriting04:10 Importance of Cash Flow06:43 Appreciation and Its Role10:06 Tax Benefits and Cost Segregation11:39 Debt Pay Down Strategies17:01 Creative Financing and Seller Credits19:39 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

Bill delves into the importance of obtaining five-star reviews for short-term rentals. He shares a comprehensive strategy for ensuring great reviews through proactive communication, exemplary hospitality, and timely follow-up. He emphasizes the critical role of initial interactions, response speed, and personalized touchpoints like charcuterie boards and discounts. Bill also highlights the nuanced differences between platforms like Airbnb and VRBO in soliciting reviews and underlines the significance of sustained guest rapport to maximize review ratings.www.buildstrwealth.com/dticalculator00:00 Introduction to STR Unfiltered00:22 The Importance of Five-Star Reviews00:30 Strategies for Getting Reviews02:46 Handling Guest Issues Effectively05:12 The Checkout Process and Review Timing08:27 Final Tips for Maximizing Reviews11:06 Conclusion and Sign-Off➡️ 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

Bill emphasizes treating short-term rentals as a business rather than a casual endeavor for it to be successful. He recounts his initial struggles with property management companies and how taking a self-managed, business-focused approach drastically improved his operations. Bill discusses the importance of self-management, mastering revenue management and off-platform marketing, and the critical role of automation in managing properties efficiently. He highlights his journey from purchasing his first property in Gulf Shores, Alabama, to owning and co-hosting 24 properties across various U.S. locations. Bill delves into the details of operational efficiency, from handling guest communications and cleaning crews to implementing standard operating procedures (SOPs) and leveraging technology for property management. The episode also covers the significance of proper investment analysis and the potential impact of technology, like AI chatbots, on saving time and improving guest experience. Bill concludes with advice on setting up short-term rental operations for success, emphasizing process documentation, technology use, and the importance of a solid setup from the start.buildstrwealth.com/550250masterclassSign Up for Our STR Host Academy: https://www.strhostacademy.com/hostacademy[FREE Download] Unlock Your Potential with Our EXPERT Proforma: https://buildstrwealth.com/proforma00:00 Welcome and Introduction to STR Unfiltered00:27 The Business Mindset for Short-Term Rentals01:06 From First Property to a Portfolio: A Personal Journey02:31 The Importance of Self-Management and Skills in STR Success03:12 Leveraging Automation and Technology in STR Management04:05 Building a Super Portfolio: Property Locations and Management Insights06:18 Operational Excellence: SOPs, Hiring, and Training06:45 Navigating Challenges and Solutions in STR Management11:17 The Future of STR Communication and Market Selection Strategy13:31 Closing Thoughts and Call to Action➡️ 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

The Property Stacking Masterclass. https://buildstrwealth.com/550250masterclassIn this episode of STR unfiltered, host Bill Faeth and guest Ryan Bakke, a CPA and real estate investor, share insights into the complexities of real estate investments, taxes, and maximizing returns. Ryan, renowned for saving Bill nearly $2 million in taxes, discusses the strategic tax benefits of investing in real estate, the impact of legislation like the cost segregation bill, and tactics to leverage tax refunds and deductions. The conversation also delves into the pitfalls and pressures of 1031 exchanges, the concept of a 'lazy 1031', and the importance of financial planning, liquidity, and carefully navigating investments to ensure financial security and optimize tax positioning. The duo underscores the importance of tailored advice, considering individual financial situations, goals, and risk tolerance in the dynamic landscape of real estate investment.00:00 Introduction to STR Unfiltered with Bill Faith00:15 Meet Ryan Bakke: The Tax Whiz Saving Millions00:38 Deep Dive into Tax Strategies and Real Estate Investing02:30 Navigating Tax Refunds, Amendments, and Financial Planning05:32 The Intricacies of 1031 Exchanges in Real Estate13:57 Strategic Portfolio Management and Financial Discipline19:09 The Impact of Market Dynamics on Real Estate Investing23:18 Closing 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 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

The Property Stacking Masterclass. https://buildstrwealth.com/550250masterclassIn this episode of STR Unfiltered, host Bill Faeth introduces viewers to the concept of co-hosting on Airbnb as a lucrative way to engage in the short-term rental market without the need to own property. Focusing on actionable strategies, the guide covers key aspects such as revenue management, marketing, listing optimization, guest communication, and how to charge for services. Bill argues against the popular practice of rental arbitrage due to its high risk and financial requirements, advocating instead for co-hosting due to its low barrier to entry. He shares personal success stories and strategies for acquiring high-value properties to manage, emphasizing the importance of setting clear revenue and time goals.00:00 Introduction to Co-Hosting on Airbnb00:21 Unlocking the Power of Co-Hosting Without Owning Property01:02 The Essentials of Co-Hosting: Skills and Revenue Management02:22 Why Arbitrage Isn't the Best Strategy for Beginners04:09 The Lucrative Potential of Co-Hosting05:17 Building a Successful Co-Hosting Business: Strategies and Skills05:45 Customer Acquisition and Market Selection for Co-Hosting07:30 Maximizing Profits: Setting Goals and Choosing Properties12:18 The Path to Long-Term Wealth Through Co-Hosting13:11 Closing Remarks and Marketing Platform Promotion➡️ 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

Industry expert Wil Slickers and host Bill Faeth dissect Airbnb's recent icons update, predicting a shift towards a social media focus. They explore Brian Chesky's vision, potential Disney-inspired experiences, and the impact of social media on travel decisions. The conversation emphasizes the need for hosts to evolve offerings to match Airbnb's strategic moves.