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

In this episode, Bill Faeth emphasizes the importance of patience and diligent research in real estate investing. He shares success stories of securing properties below market value by being patient and conducting thorough due diligence. He also discusses the 5-50-250 plan and how these principles can expedite investment success.

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.This episode of STR unfiltered focuses on the importance of utilizing email marketing as an effective tool for property rental businesses to generate more revenue. It discusses how cost-effective email marketing can be in comparison with other advertising channels such as Google, Facebook, and LinkedIn ads. The speaker emphasizes the necessity of strategic email marketing to avoid customer disinterest and shares tips on how to build and grow an email list. The episode also mentions tools such as StayFi that can aid in faster email list generation, and stresses on the importance of providing value to customers through the emails rather than a sales pitch. The speaker advises listeners to harness the full potential of their email lists to enhance their business profitability.01:00 Introduction and Overview01:45 The Power of Email Marketing02:57 The Importance of Building an Email List04:46 Leveraging StayFi for Rapid Email List Growth07:10 The Art of Email Communication09:15 Choosing the Right Tools for Email Marketing10:03 Conclusion: Don't Sleep on Your Email ListWatch 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

Discover how to increase direct bookings by up to 55% with tips on building email lists, executing a 200-day funnel, and personalizing communication. Learn about StayFi's HomePage feature and Market My STR marketing platform for short-term rentals.

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.The podcast episode features Bill Faeth, the host of STR Unfiltered, talking to Parker Borofsky. They discuss the importance of new and innovative marketing tools such as HomePage by StayFi. Faye emphasizes the value of StayFi in boosting direct bookings and enhancing guest experiences. Brodsky, a mortgage professional and real estate investor, addresses various myths around short-term rental income, debt to income ratio, and the intertwining of lending and investing paths. She also shares her predictions regarding the future of interest rates and outlines her work as a mortgage professional and an investor. Furthermore, they briefly touch on the current political climate and its potential impact on mortgage rates. The episode concludes with an introduction to MarketMySTR, an all-in-one marketing platform for hosts.00:00 Introduction to STR Unfiltered00:15 Exploring Stay Fine's New HomePage Feature00:44 The Importance of Stay Fine in Marketing Funnel01:05 Guest Introduction and Discussion on Becoming Bankable01:41 The Role of Stay Fine in Direct Bookings02:17 Introduction to Guest Parker Brodsky02:26 Discussion on Mortgages and Debt to Income Ratio03:11 Parker Brodsky's Experience and Achievements03:38 Understanding the DSCR Product04:06 Parker Brodsky's Investment Journey04:58 Debunking Myths about Mortgages05:27 Understanding the DTI Calculation13:16 Exploring Different Mortgage Options15:21 Predictions for the Future of Interest Rates18:13 Parker Brodsky's Investment Strategy for 202420:00 Conclusion and Contact Information21:45 Sponsor Message: MarketMySTR22:44 Closing RemarksWatch 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

Host Bill Faeth discusses the '5/50/250 Plan' for generating a million dollars annually from short term rentals. Emphasizes quality over quantity, importance of revenue forecasting, and tools like Pricelabs. Talks about choosing properties based on location, views, and underwriting process. Advises on revenue management and marketing skills for optimizing properties in the short term rental market.

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, founder of numerous start-ups including 'Build Short Term Rental Wealth', delves into what he believes is the most crucial skill in real estate investment: underwriting. Bill reveals that although often overlooked or simplified by other investors, accurate and comprehensive underwriting is vital to mitigate risk and to build a prosperous portfolio in real estate. He emphasizes the importance of understanding all aspects of your investment, from operating expenses to cashflow, and warns against solely relying on simplified online calculators and realtor's numbers. Bill further suggests multiple scenarios for financial performance based on various financial aspects should be considered before deciding to invest.00:01 Introduction and Host Background00:17 The Importance of Underwriting in Real Estate00:55 Understanding the Big Daddy Performa02:26 The Pitfalls of Misunderstanding Operating Expenses04:01 The Dangers of Overconfidence in Real Estate Investing04:50 The Importance of Running Multiple Performas07:44 The Role of Financing Scenarios in Underwriting08:34 The Importance of Robust Data and Information09:52 The Importance of Cash Flow and the Dangers of Ignoring It10:03 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

Natalie Palmer, co-host with experience in co-hosting vacation rentals, shares advice on operating a successful rental business, benefits of multiple properties in a location, importance of supportive relationships with service providers, risks of regulations on short-term rentals, and benefits of a local STR association. They also discuss challenges of hosting conferences, love for Taylor Swift, and Natalie's upcoming conference. Additionally, they talk about managing properties in Big Bear, finding the right cleaners for vacation rentals, and the value of a conference focused on providing a safe space for women.

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 Faith invites special guest Brenna Carles, the founder of the Mortgage Shop, to discuss the best strategies to get great mortgage deals for short-term rental investing. Brenna shares valuable insights about considering mortgage rates, planning long-term investment goals, understanding the impact of debt-to-income ratios, and the importance of accurate tax filing for rental income. She also shares her career journey, from being a backup singer to a mortgage loan originator, and stresses the need for investors to commit and put in consistent effort to succeed in their investment journey.02:00 Introduction and Welcome02:22 Guest Introduction: Brenna Carl02:44 Brenna's Journey: From Singer to Mortgage Loan Originator04:30 The Birth of The Mortgage Shop05:05 The Importance of Good Communication in Mortgage Lending05:37 How to Get the Best Mortgage Rates05:55 Understanding Different Loan Options08:11 The Importance of Credit Score and Income Reporting13:07 The Impact of Timing on Mortgage Applications20:34 Choosing Between Different Mortgage Products20:56 Planning for Long-Term Investment Goals28:32 The Importance of Perseverance in Property Investment31:23 Conclusion and FarewellWatch 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