Bill Faeth Unfiltered

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

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.