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Short Term Rental Secrets Podcast

Latest episodes

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Mar 10, 2022 • 41min

Ep 92 - Cost Segregation Studies for Short Term Rentals with Yonah Weiss

In this interview Yonah Weiss discusses how cost segregation studies can help Airbnb / short term rental property owners offset their income using accelerated depreciation strategies.- What is a cost segregation study?- How cost segregation studies work with short term rentals and Airbnb properties.- Can short term rental owners use depreciation to offset their W2 income- Bonus recapture taxes and moreGUEST'S BIOYonah Weiss is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving tens of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He’s a real estate investor and host of the top podcast Weiss Advice.CONNECT WITH THE GUESTYonah Weiss: Website | Instagram | Facebook | LinkedinCONNECT WITH THE HOSTS Michael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedinhttps://linktr.ee/the_airbnbguyEmanuele Pani: Clubhouse | Instagram | Facebook | LinkedinFREE MASTERCLASS TRAINING - https://www.strsecrets.com/masterclass Learn more about your ad choices. Visit megaphone.fm/adchoices
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Mar 9, 2022 • 9min

FTH #3 - Dealing With Difficult Neighbors

Hosting comes with a commitment of responsibility to the neighbors and the community. You will encounter different kinds of neighbors even those who hate short term rentals and the last thing you want as a host is a nasty neighbor to be dreadful about! In this week's episode, we will talk about the things that you need to do to deal with a difficult neighbor. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Mar 7, 2022 • 1h 13min

Ep 91 - How to Double Your Airbnb Revenue and Stand Out From the Competition with Bill Faeth

GUEST'S BIOBill Faeth has been involved in real estate for almost 25 years with both commercial and residential investing. He currently has a multi-million dollar portfolio of short-term rental properties primarily located in vacation rental markets with a focus on beach, lake, and mountain properties. He has leveraged years of successful business growth strategies to specialize in maximizing vacation rental profits by turning $50,000 annual revenue properties into $90,000 properties yielding high profit via self-management.HIGHLIGHTS OF THE EPISODE03:58 Bill Faeth's introduction and background05:02 Watch Bill's previous episode on Spotify or Apple Podcast05:11 How Bill got into the STR industry07:15 Figuring out your true goal11:23 Emerging markets13:37 What to look for in an emerging market18:52 How to increase your cash on cash return22:44 What does Bill's process look like27:28 Making a list28:21 Defining the system for your STRs31:55 The importance of building trust and goodwill with guests32:45 Bill shares a story about this number one property from his portfolio34:25 Creating value by asking the guest how we can help them35:21 Differentiating yourself in a competitive market37:58 The plus one41:38 How to create another avenue to market45:59 How to increase your ADR47:14 Bill reads a review from one of his STRs51:59 How interior design and furnishings increase ADR58:49 Join us for the biggest event for hosts and investors on June 6 to June 8 for the STR Wealth Conference - www.strwealthconference.com01:12:14 Acknowledgments to BillNOTABLE QUOTES"The property becomes an experience." - Emanuele Pani"Asking how we can help is how we can create value." - Bill Faeth"It's not about the property, it's what we put into it." - Bill Faeth"Those small things are what's going to make a huge difference." - Bill FaethCONNECT WITH THE GUESTBill Faeth: Website | Instagram | LinkedinCONNECT WITH THE HOSTS Michael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedinhttps://linktr.ee/the_airbnbguyEmanuele Pani: Clubhouse | Instagram | Facebook | LinkedinFREE MASTERCLASS TRAINING - https://www.strsecrets.com/masterclass Learn more about your ad choices. Visit megaphone.fm/adchoices
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Mar 2, 2022 • 7min

FTH #2 - Should I List My Property on Booking.com, VRBO, and Expedia?

OTAs have played a huge role in the short term rental industry. It allows people to search for places that they want to stay in and compare one property to another from the comfort of their own home or on the go. The most popular OTAs are Airbnb and VRBO. But when should you list your vacation rental on other OTAs? Find out on this episode of From The Host! Learn more about your ad choices. Visit megaphone.fm/adchoices
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Feb 28, 2022 • 48min

Ep 90 - The Psychology of Success with Rod Khleif

GUEST'S BIORod Khleif is a multiple business owner and philanthropist who is passionate about business, high performance, real estate, and giving back. As one of the country's top business, real estate, and peak performance luminaries, Rod has built over 24 businesses in his 40-year business career several of which have been worth tens of millions of dollars. He has also owned over 2000 properties. Rod Khleif soared from humble beginnings as a young, impoverished Dutch immigrant to incredible success. Rod also founded The Tiny Hands Foundation which has benefited more than 95,000 children in need.HIGHLIGHTS OF THE EPISODE02:33 Stay tuned for our big announcement!02:50 Rod Khleif's introduction and background09:08 What Rod did after he lost $50 million13:58 Rod talks about his upcoming Multifamily Virtual Bootcamp in March - use the code ROD FRIEND to get it for only $9714:20 Text ROD to 72345 to get the link for his boot camp registration14:38 First thing that Rod does on his boot camp15:15 Being positive and focusing on what you want17:42 The goal-setting process27:57 The burning desire31:56 Rod's tips for people hungry for success34:57 The science of achievement and the art of fulfillment36:50 The Terror Barrier41:11 How to overcome the Terror Barrier43:49 What excites Rod45:09 Acknowledgments to Rod45:58 Rod's #1 secret to success with real estateNOTABLE QUOTES"An entrepreneur is like a shark, they only die if they stop swimming." - Rod Khleif"I don't call my failures as failures, I call them seminars." - Rod Khleif"Fear regret a whole lot more than failure." - Rod Khleif"There's nothing you can't do." - Rod Khleif"Fear is paralyzing. Action mitigates fear." - Rod Khleif"We fail our way to success." - Rod KhleifCONNECT WITH THE GUESTRod Khleif: Website | Instagram | Facebook | LinkedinRod Khleif's Multifamily Virtual Bootcamp: WebsiteLifetime CashFlow Through Real Estate: Apple PodcastCONNECT WITH THE HOSTSMichael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedinhttps://linktr.ee/the_airbnbguyEmanuele Pani: Clubhouse | Instagram | Facebook | LinkedinFREE MASTERCLASS TRAINING - https://www.strsecrets.com/masterclass Learn more about your ad choices. Visit megaphone.fm/adchoices
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Feb 23, 2022 • 14min

FTH #1 - Airbnb Property Review

We are excited to introduce a new series of the Short Term Rental Secrets podcast called From The Host! From The Host is all about the behind-the-scenes and actionable items coming from the Mastermind group. We will take you on a journey to see some of the opportunities and questions asked while scaling. In this episode, Mike Reilly, one of the STR Secrets Mastermind coaches shares his experience staying at an Airbnb property in Orlando, FL. Mike breaks down what the host did very well and what the issues were during his recent stay at this property. It's all about the good, the bad, and the ugly! Learn more about your ad choices. Visit megaphone.fm/adchoices
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Feb 21, 2022 • 55min

Ep 89 - Creating Co-Living Communities with Sam Wegert

GUEST'S BIOSam Wegert is the Founder and CEO of UpLevel Martial Arts. He is also a coach, investor, and entrepreneur. Sam is the co-owner of Life Door Rentals.HIGHLIGHTS OF THE EPISODE03:53 Sam Wegert's introduction and background05:52 What is UpLevel Martial Arts09:14 How Sam got into the STR industry10:58 How Sam and his wife manage their STRs16:07 Should you be near your STRs16:54 Sam talks about his experience in the operations of his STRs20:11 The cashflow on STRs21:43 What is co-living23:26 How much does a long-term rental cost in co-living rentals24:00 Nuances in co-living rentals27:06 What does Sam look for in a co-living space and short term rental29:03 The marriage of short term rentals and co-living rentals30:11 Sam's guest avatar31:15 Housing issue in the USA33:47 The "community feeling" in co-living spaces35:15 Sam talks about his passion36:23 Mike's prediction about co-living38:25 Sam shares the stories of the people who reached out to him that ventured into co-living rentals41:24 Sam's vision in the next 5 years44:21 How short term rentals give you the ability to pursue other things45:29 Why assurance matters in this industry49:09 Acknowledgments to Sam49:35 Where can people learn more about Sam Wegert and what he does50:10 Sam's #1 secret to success with STRsNOTABLE QUOTES"My dreams are bigger than my fears." - Mike Sjogren"Borrow the belief of the people around you." - Sam Wegert"In looking at new opportunities, our subconscious mind is the first thing that talks. The subconscious mind only knows fear." - Emanuele Pani"Ultimately, nobody wants paper with dead precedence on them. We are in this short term rental game for a deeper reason." - Sam Wegert"Live your deeper purpose now because it will fuel you, and how successful you become is a game." - Sam WegertCONNECT WITH THE GUESTSam Wegert: Instagram | Facebook | LinkedinLife Door Rentals: WebsiteCoLiving Investors Community: Facebook GroupUpLevel Martial Arts: InstagramCONNECT WITH THE HOSTSMichael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedinhttps://linktr.ee/the_airbnbguyEmanuele Pani: Clubhouse | Instagram | Facebook | LinkedinFREE MASTERCLASS TRAINING - https://www.strsecrets.com/masterclass Learn more about your ad choices. Visit megaphone.fm/adchoices
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Feb 14, 2022 • 42min

Ep 88 - Home Automation for STRs with PointCentral's Jim Netska

GUEST'S BIOJim Netska is Director of Sales at PointCentral and leads the short term rental markets division. He is an experienced sales leader, who has led large and small teams for Verizon, Cablevision, and most recently as VP Sales for Charter Communications, where he led various teams in the MDU and Smart Home space. Jim has an MBA from Dowling College and recently moved from New York to Florida.HIGHLIGHTS OF THE EPISODE02:39 AirDNA's Best Places to Invest in 2022 - https://www.airdna.co/blog/best-places-to-invest-in-us-vacation-rentals-2021-202204:37 Jim Netska's introduction and background06:23 How Jim started with PointCentral07:33 What is PointCentral12:03 PointCentral's newest Smart Home solutions14:48 Keeping your systems simple18:48 Can PointCentral work with window air conditioners19:51 PointCentral's next integration for home automation21:44 PointCentral's target audience24:14 How smart home grows an STR business25:56 How PointCentral works with a nest27:16 PointCentral's approach28:55 Jim shares some tips for STR host/operators starting with smart home33:39 How to deal with homeowners pushing back on smart homes34:24 Delivering a consistent guest experience through technology35:23 Homeowners vs Property Managers36:32 Acknowledgments to Jim Netska36:59 Where can people learn more about PointCentral and connect with Jim37:32 Jim's #1 secret to success with STRsNOTABLE QUOTES"Think more long term of where you're going rather than just the quick and easy solution right now." - Mike Sjogren."The only way you're going to survive on this business long term is delivering guest experience over and over and the only way to do that is through technology." - Emanuele Pani."Technology allows you to repeat the system perfectly every single time." - Emanuele PaniCONNECT WITH THE GUESTJim Netska: EmailPointCentral: Website | InstagramCONNECT WITH THE HOSTSMichael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedinhttps://linktr.ee/the_airbnbguyEmanuele Pani: Clubhouse | Instagram | Facebook | LinkedinFREE MASTERCLASS TRAINING - https://www.strsecrets.com/masterclass Learn more about your ad choices. Visit megaphone.fm/adchoices
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Feb 7, 2022 • 47min

Ep 87 - Systems for Scaling from 2-30 STRs with Chris Petzy

GUEST'S BIO Chris Petzy is the co-owner of Seacoast Vacation Rentals, a short term rental company focused on modernizing the vacation rental experience and helping investors earn more while stressing less. HIGHLIGHTS OF THE EPISODE 04:00 Get a copy of Mark Simpson's The Book Direct Playbook on www.boostly.co.uk/book 04:55 Chris Petzy's introduction and background 06:00 How Chris got into the STR industry 07:13 Chris' first STR unit 08:34 Chris' first co-hosting deal 11:26 The importance of showing up 14:30 Figuring out what you want and emotionalizing it 16:57 Chris talks about what his day to day look like 18:22 Extreme ownership 20:38 Chris' goal for 2022 21:37 Key hires for Chris' STR business 23:33 What it means being an effective leader in hiring team members 25:30 Chris' tips for leaders on dealing with team members 27:04 The GWC traction 29:43 The most asked question about STR operations 33:49 Measuring and tracking your business for success 38:01 Acknowledgments to Chris 38:26 Where can people connect with Chris and his business 39:37 Chris' #1 secret to success with STRs 44:36 Watch out for the official Short Term Rental Secrets book NOTABLE QUOTES "Focus on your strengths and anything that's not your strength, find the people that will be able to execute for you."  - Chris Petzy" "It's not how you show up but it's what you do after you show up." - Emanuele Pani "You need to create psychological safety." - Chris Petzy "If you want to get wealthy, start paying attention to your numbers."  -Mike Sjogren "Where your focus goes, energy flows." - Mike Sjogren CONNECT WITH THE GUEST Chris Petzy: Instagram | Facebook | Linkedin Seacoast Vacation Rentals: Website | Instagram CONNECT WITH THE HOSTS Michael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedin https://linktr.ee/the_airbnbguy Emanuele Pani: Clubhouse | Instagram | Facebook | Linkedin FREE MASTERCLASS TRAINING - https://www.strsecrets.com/masterclass Learn more about your ad choices. Visit megaphone.fm/adchoices
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Jan 31, 2022 • 47min

Ep 86 - How to Build a Tech Company Servicing 45,000 STR Units with Emmanuel Lavoie

GUEST'S BIO Emmanuel Lavoie is CEO of Jetstream Hospitality Solutions, an all-in-one technology platform, and services solution that provides a powerful way for owners, managers, and developers of multi-unit, short-term rental properties to maximize revenues and realize opportunities in the short-term and flexible rental market. Jetstream combines the best-in-class marketing expertise and distribution technology with high-quality customer support to deliver guest delight, streamline operations and reduce financial risk. An engineer and entrepreneur, Emmanuel is a disciple of data-driven decision-making and leading by values. HIGHLIGHTS OF THE EPISODE 05:14 Get a copy of Mark Simpson's The Book Direct Playbook on www.boostly.co.uk/book 06:01 Emmanuel Lavoie's introduction and background 08:12 How Emmanuel got into the hospitality solutions industry 10:25 Emmanuel talks about how Jetstream started 16:00 How Jetstream works 19:49 What set Jetstream apart from other PMS companies 21:51 How Jetstream handles 45,000 units 24:35 Jetstream's best practice in training virtual assistants to speak their brand language 26:33 Jetstream's number one core value 27:00 Building the right culture 29:41 Emmanuel shares a story of how their company came up with a collective core value 31:03 E shares how his company came up with their core value 32:17 Keeping it simple for new clients 34:11 Jetstream's niche 36:24 How to present effectively 38:08 Emmanuel's vision for hosts in 2022 40:48 The importance of being flexible in the business 44:12 Acknowledgments to Emmanuel 44:34 Check out Jetstream on www.jetstreamtech.io 44:43 Where can people connect with Emmanuel and Jetstream 45:04 Emmanuel's #1 secret to success with STRs NOTABLE QUOTES "If you focus on building the right culture, a lot of other stuff will take care of itself." - Mike Sjogren "It's all about the people." - Emmanuel Lavoie "Culture is everything because it's all about the people." - Emmanuel Lavoie "We always choose kindness." - Emanuele Pani "There's power in simplicity." - Mike Sjogren "He or she who is the most flexible wins." - Emanuele Pani CONNECT WITH THE GUEST Emmanuel Lavoie: Email | Linkedin Jetstream: Website | Instagram CONNECT WITH THE HOSTS Michael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedin https://linktr.ee/the_airbnbguy Emanuele Pani: Clubhouse | Instagram | Facebook | Linkedin FREE MASTERCLASS TRAINING - https://www.strsecrets.com/masterclass Learn more about your ad choices. Visit megaphone.fm/adchoices

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