Bill Faeth Unfiltered

In this episode, host Bill Faeth discusses AI in property management with guest Sam Dundas, co-founder of GetBestie.ai. They talk about Dundas' journey, the creation of GetBestie.ai, and its revolutionary tool for property managers. They also discuss the upcoming launch of the CoPilot AI system and its benefits, features, pricing, and availability.

Tom Lyons, revenue management expert from Casado, discusses revenue management strategies, including adjusting prices based on demand, defining competitive sets, and utilizing dynamic pricing tools. He emphasizes the psychology of pricing and buyer perceptions, and offers advice for new co-hosts and owners on property analysis and competitor identification.

Angie Wisdom, a personal development and business coach, joins host Bill Faeth in an enlightening conversation. They discuss self-development, honesty, and motivation. They touch upon setting and maintaining non-negotiable commitments in life. They talk about breaking down personal excuses and embracing accountability. They also explore the power of manifestation in achieving goals and announce Angie's upcoming women-exclusive event.

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.A consultant for a school board with three children, a wife, and a short-term rental host.Highlighting that Liz is an everyday individual, not a wealthy real estate tycoon.Transition into Real EstateLiz's transition from teaching to consulting and what led her to explore real estate investment.The influence of a friend who started investing in real estate and encouraged Liz and her husband to do the same.Liz's journey from buying her first duplex to owning multiple properties in Quebec.Taking Control of Short-Term Rental ManagementLiz discusses her initial reliance on co-hosts for short-term rental management.Explains the frustration with high fees for guest communication and realizing that she was essentially handling guest questions herself.Talks about how research, education, and resources like the STR Unfiltered Facebook group gave her the confidence to take control of management.Transition timeline: Started self-management in October, only a month and a half ago.Improving Property ListingsLiz mentions using software like Rankbreeze for testing listing changes.Shares the importance of professional photography and her experience with finding the right photographer.Bill highlights the significance of 3D renderings for multi-story properties.Investing in Costa RicaLiz's decision to invest in Costa Rica despite never having visited, driven by long-term retirement plans.The appeal of the area's growth and development, including a Waldorf Astoria project.The potential for the property to serve as both an investment and a future retirement asset.Advice for Aspiring Short-Term Rental HostsEducate yourself and seek information from trusted sources.Persevere and don't give up, even when facing challenges.Keep trying different strategies and adjusting as needed. 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 Faith interviews Shawn Meaike, the CEO of Family First Life, an industry disruptor and a successful business builder. Sean shares insights into scaling and success, discussing how his journey in the insurance industry took his company to 600 million in revenue. He also provides his unique perspective on creating a personal brand, believing in consistency, transparency, and authentic interaction. The duo also highlight the importance of humility in leadership and the necessity to cut people out when visions don't align during growth. Sean also talks about his journey of sobriety and how making it public improved lives and solidified his brand.00:01 Introduction and Guest Presentation01:17 Guest's Journey to Success03:51 Challenges and Growth in Business06:56 Importance of Humility and Delegation in Leadership12:44 Cutting Ties for Business Growth13:54 Maintaining a Competitive Edge17:08 Building a Personal Brand19:27 The Power of Authenticity in Social Media19:59 The Competitive Nature of Business20:36 The Importance of Being Real and Genuine20:44 Empowering People Through Information20:50 The Reality of the Real Estate Business21:07 The Role of Competition and Interaction in Growth21:36 The Impact of Social Media on Business21:56 The Problem with Fake Success Stories22:23 The Importance of Transparency in Business22:58 The Misconceptions About Wealth25:34 The Power of Personal Branding26:42 The Importance of Consistency and Transparency in Personal Branding33:09 The Power of Sharing Personal Struggles33:53 The Fun and Challenges of Social Media Engagement34:26 Conclusion and Appreciation 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.Intro: Bill Faith introduces the podcast and special guests, Ally and Sage from Minoan Experience. They discuss Minoan's focus on creating educational content for the hospitality industry and provide valuable mattress buying tips. Link to Minoan's mattress buying blog: https://blog.minoanexperience.com/sweet-dreams-picking-the-right-mattress-to-boost-guest-satisfaction-in-your-vacation-home/ Segment 1: Minoan's Mission Ally and Sage talk about Minoan's mission to educate and assist vacation rental hosts, designers, and property managers. Emphasize the platform's free access and partnerships with over 160 brands. Highlight the benefits of simplified ordering and post-purchase management. Segment 2: The Value of Minoan Bill discusses the cost-saving benefits of Minoan, citing examples of substantial savings on furniture. Ally and Sage stress the convenience of consolidated ordering and invoicing. Mention the importance of allocating discounts to property owners for maximum ROI. Segment 3: Challenges and Considerations Sage and Ally address common challenges in property design and furnishing. Emphasize the need for quality furnishings and design for a high return on investment. Bill underscores the importance of understanding the target audience and delivering an exceptional guest experience. 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. Learn more about your ad choices. Visit megaphone.fm/adchoices

Hank Norman, a modern-day media mogul and Brand Builder who has worked with prominent figures like Steve Harvey, Grant Cardone, Mel Robbins, and more, emphasizes the importance of addressing your audience as a single individual. He highlights the significance of speaking directly to a single person, fostering transparency, authenticity, and vulnerability in building a personal brand. Overcoming the habit of addressing a broad audience, Hank Norman advises consciously focusing on the single person you want to connect with. He discusses the challenge of embracing vulnerability and oversharing, emphasizing the power of personal stories and the benefits of authenticity and vulnerability in building a personal brand.

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.Challenging Times for New Investors: Many new investors are navigating unfamiliar territory. Interest rates are fluctuating, and it's crucial to explore multiple lenders. Don't rely on a single lender; consider local banks, credit unions, and mortgage brokers. Avoid DSCR products if possible, as they often come with prepayment penalties. Protect your credit and DTI by strategizing your mortgage applications. Importance of Underwriting and Education: New investors should focus on learning how to underwrite property performance. Bill teases the upcoming launch of a "Rookie to Intermediate Mastermind" for novice investors. Proper education and strategy are essential in today's challenging market. Interest Rates and Economic Outlook: The economy has shown signs of slowing down, but there's uncertainty about when it will stabilize. Interest rates have fluctuated, making it a challenging time for investors. However, if a deal makes sense financially and you can get it done, it's a good investment. Repositioning Properties: Repositioning properties through refinancing can lead to substantial savings. Bill shares his personal experience with refinancing and its impact on cash flow. Emphasizes the importance of not relying solely on cost-saving benefits when buying properties. Financial Preparedness: Have at least six months of carry costs set aside to weather any downturns. Calculate all expenses, including mortgage, insurance, utilities, and fees. Having a financial cushion provides security and prevents hasty property sales during tough times. Conclusion: Determine your cash-on-cash return and cash flow based on your unique situation. Bill follows a minimum of 15% cash-on-cash return, but each investor's threshold may vary. Investing in today's market is possible with the right financial strategy and education. Thanks for joining the STR Unfiltered podcast. 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, we have a special guest, the phenomenal Steven Pesavento, one of the founders of Vaughn Finch Capital, with over 200 short-term rentals, 1,200 multifamily units, and a $50 million fund under his belt. 🌟Key Takeaways:Start Small, Learn Big: Steven emphasizes the importance of mastering the basics. Begin with what you can handle and grow from there.Adaptability is Key: Realize that the investment game can change rapidly. Be adaptable to shifting strategies and market conditions.Surround Yourself with Experts: Seek out mentors, coaches, or experts who have achieved what you aspire to. Learning from others can accelerate your success.Continuous Learning: Steven's daily routine involves constant learning, whether it's through podcasts, books, or other resources. Continuous education is vital for growth.Self-Care Matters: Balance work with self-care routines like exercise and meditation. Maintaining a healthy mindset and lifestyle is crucial for long-term success.Implement What You Learn: The key to growth is not just accumulating knowledge but applying it. Take actionable steps based on what you've learned. Learn more about your ad choices. Visit megaphone.fm/adchoices