Episodes

  • Unlocking the Secrets of Effective Revenue Management

    Unlocking the Secrets of Effective Revenue Management
    Jul 30 2024
    Bill Faith and guest Emile Sahkel discuss the critical role of revenue management in short-term rental success. Emile, an experienced anesthesiologist turned revenue manager, shares insights on setting realistic goals, evaluating market conditions, seasonal pricing strategies, and overcoming common mistakes self-managers make. They also discuss leveraging marketing alongside revenue management to boost performance and share real-life examples of how these strategies have significantly increased revenue for high-end properties. Listeners are encouraged to treat their properties as businesses and use comprehensive data analysis and expert tools for optimal results. Couples Retreat - https://buildstrwealth.com/puertorico stayfi.com/bill Discount code: BILL www.buildstrwealth.com/550250masterclass ➡️ 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
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    40 mins
  • Mastering Revenue Management (3 Key Tips)

    Mastering Revenue Management (3 Key Tips)
    Jul 23 2024
    Bill addresses common misconceptions about revenue management and outlines key principles for success. The speaker introduces an upcoming series featuring top revenue managers like Emile Sakhel and Jake Cohen, emphasizing the importance of mindset and manual processes in revenue management. Strategies discussed include daily and multiple daily pricing adjustments, importance of minimum night stays, and using market research reports to inform pricing strategies. The host also highlights the role of listing optimization and rankings in maximizing revenue. Future episodes will feature interviews with experts to provide further insights. Couples Retreat - https://buildstrwealth.com/puertorico stayfi.com/bill Discount code: BILL www.buildstrwealth.com/550250masterclass ➡️ 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
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    14 mins
  • How to Value Stack for Direct Bookings (Massive ROI)

    How to Value Stack for Direct Bookings (Massive ROI)
    Jul 16 2024
    Bill shares his methods for building personal connections with guests, emphasizing direct communication, personalized messages, and maintaining high service standards to boost guest satisfaction and generate rebookings. Additionally, Bill outlines the critical role of speed and quality control in managing rental properties effectively. Couples Retreat - https://buildstrwealth.com/puertorico stayfi.com/bill Discount code: BILL www.buildstrwealth.com/550250masterclass ➡️ 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
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    13 mins
  • The Ultimate Real Estate Investing Checklist

    The Ultimate Real Estate Investing Checklist
    Jul 9 2024
    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/puertorico stayfi.com/bill Discount code: BILL www.buildstrwealth.com/550250masterclass https://buildstrwealth.com/innercircle 02:00 Introduction to Property Underwriting 02:40 Location and Marketing Components 03:50 Personal and Property Checklists 05:23 Listing Optimization Strategies 06:35 Revenue Management Insights 11:24 Off-Platform Marketing Techniques 18:20 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
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    20 mins
  • How I Acquired a $3M Home for Free

    How I Acquired a $3M Home for Free
    Jul 2 2024
    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/bill Discount code: BILL www.buildstrwealth.com/550250masterclass https://buildstrwealth.com/innercircle 00:00 Introduction to STR Unfiltered 00:17 The Power of StayFi for Email List Building 01:18 Exclusive StayFi Discount Offer 01:54 Buying a $3 Million Property for Free 03:23 The 550 250 Plan Explained 03:50 Case Study: Banner Elk Property 05:27 Finding and Evaluating Deals 06:44 Case Study: Gulf Shores Property 08:09 Case Study: Coram Condo 11:25 Executing the 550 250 Plan 13:06 Four Core Components of Sound Investing 21:30 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
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    22 mins
  • Maximize Your Airbnb Income With These Tips

    Maximize Your Airbnb Income With These Tips
    Jun 25 2024
    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/proforma 00:00 Introduction to STR Unfiltered 00:20 The Story Behind the Cabin Purchase 01:24 Revving Up Your Revenue 02:12 Understanding the Underwriting Process 03:00 The Importance of Lifestyle vs. Financial Decisions 04:29 Mindset and Business Strategy 06:10 Enhancing Guest Experience with Outdoor Amenities 11:01 Value Stacking and Marketing Strategies 12:04 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
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    12 mins
  • Mastering Wealth and Tax Strategies with Short Term Rentals

    Mastering Wealth and Tax Strategies with Short Term Rentals
    Jun 18 2024
    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/proforma 00:00 Introduction to STR Unfiltered 00:14 Meet the Hosts: Bill Faith and David Perez 01:14 Diving into Short Term Rentals 01:19 Interactive Session: Audience Engagement 01:53 Real Estate Investment Strategies 03:16 Navigating High Interest Rates 03:29 The Four Quadrants of Real Estate Investing 04:46 Importance of Cash Flow and Tax Benefits 05:32 Strategic Real Estate Markets 06:47 Impact of Political Climate on Investments 07:20 Understanding Interest Rates and Market Trends 08:41 Debt Pay Down and Amortization Strategies 12:08 Planning for Retirement and Financial Freedom 20:48 Bootcamp Announcements and Offers 24:06 Material Participation and Tax Benefits 28:26 Understanding Personal Days and IRS Classification 28:44 Maximizing Property Use and Maintenance 29:33 Thinking of Airbnb as a Business 30:15 Emotional vs. Financial Decisions in Property Investment 31:33 The 5-52-50 Plan for Financial Growth 32:05 Case Study: Special Needs Airbnb Near Disney 33:43 Investing in Pods for Risk Mitigation 35:55 Material Participation and IRS Audits 38:25 Setting Up a Management Company for STR 39:33 Legal and Tax Strategies for Property Management 41:56 Bootcamp Details and Special Guests 44:09 Q&A: STR Strategies and Tax Benefits 55:18 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
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    59 mins
  • Avoiding Buyer's Remorse

    Avoiding Buyer's Remorse
    Jun 11 2024
    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/proforma 00:00 Introduction to STR Unfiltered 00:15 Buyer's Remorse in Real Estate 01:21 Four Key Components of Property Underwriting 04:10 Importance of Cash Flow 06:43 Appreciation and Its Role 10:06 Tax Benefits and Cost Segregation 11:39 Debt Pay Down Strategies 17:01 Creative Financing and Seller Credits 19:39 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
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    20 mins