STR Unfiltered

The Property Stacking Masterclass. https://buildstrwealth.com/550250masterclass In this episode of STR unfiltered, host Bill Faeth and guest Ryan Bakke, a CPA and real estate investor, share insights into the complexities of real estate investments, taxes, and maximizing returns. Ryan, renowned for saving Bill nearly $2 million in taxes, discusses the strategic tax benefits of investing in real estate, the impact of legislation like the cost segregation bill, and tactics to leverage tax refunds and deductions. The conversation also delves into the pitfalls and pressures of 1031 exchanges, the concept of a 'lazy 1031', and the importance of financial planning, liquidity, and carefully navigating investments to ensure financial security and optimize tax positioning. The duo underscores the importance of tailored advice, considering individual financial situations, goals, and risk tolerance in the dynamic landscape of real estate investment. 00:00 Introduction to STR Unfiltered with Bill Faith 00:15 Meet Ryan Bakke: The Tax Whiz Saving Millions 00:38 Deep Dive into Tax Strategies and Real Estate Investing 02:30 Navigating Tax Refunds, Amendments, and Financial Planning 05:32 The Intricacies of 1031 Exchanges in Real Estate 13:57 Strategic Portfolio Management and Financial Discipline 19:09 The Impact of Market Dynamics on Real Estate Investing 23:18 Closing Thoughts and Contact 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

The Property Stacking Masterclass. https://buildstrwealth.com/550250masterclass In this episode of STR Unfiltered, host Bill Faeth introduces viewers to the concept of co-hosting on Airbnb as a lucrative way to engage in the short-term rental market without the need to own property. Focusing on actionable strategies, the guide covers key aspects such as revenue management, marketing, listing optimization, guest communication, and how to charge for services. Bill argues against the popular practice of rental arbitrage due to its high risk and financial requirements, advocating instead for co-hosting due to its low barrier to entry. He shares personal success stories and strategies for acquiring high-value properties to manage, emphasizing the importance of setting clear revenue and time goals. 00:00 Introduction to Co-Hosting on Airbnb 00:21 Unlocking the Power of Co-Hosting Without Owning Property 01:02 The Essentials of Co-Hosting: Skills and Revenue Management 02:22 Why Arbitrage Isn't the Best Strategy for Beginners 04:09 The Lucrative Potential of Co-Hosting 05:17 Building a Successful Co-Hosting Business: Strategies and Skills 05:45 Customer Acquisition and Market Selection for Co-Hosting 07:30 Maximizing Profits: Setting Goals and Choosing Properties 12:18 The Path to Long-Term Wealth Through Co-Hosting 13:11 Closing Remarks and Marketing Platform Promotion ➡️ 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

In this episode of STR Unfiltered, Bill Faeth and his guest, Wil Slickers, dive into the controversial Airbnb icons update, discussing its implications and the future trajectory of Airbnb. Wil, with his deep industry insights, suggests that the update marks the beginning of Airbnb transitioning into a social media platform, focusing on connecting people and enhancing user experience through unique, personalized content. The discussion touches on Brian Chesky's long-term vision for Airbnb, examining the company's data-driven approach to customizing user interactions and suggesting that Airbnb may venture into more controlled, unique experiences akin to the Disney Imagineering model. Both Bill and Wil emphasize the importance of staying attuned to industry trends beyond the immediate hosting community, highlighting Brian Chesky's broader interviews and social media presence as key to understanding Airbnb's future direction. The conversation also explores the impact of social media inspiration on travel decisions and the need for hosts to elevate their offerings to match the evolving expectations set by Airbnb's branding and strategic moves. ➡️ 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

⏺️ Join Our Masterclass to Unlock STR Wealth: https://buildstrwealth.com/550250masterclass It’s no secret. Amenities can make or break the success of your short-term rental. But not all amenities are equal. Some will make you money, some will do nothing worth mentioning, and some will only cost you your time and money. So, before you go and spend your hard-earned money on terrible amenities, watch this research-backed guide on the best and worst amenities for your Airbnb! This video will save you a lot of headaches and money, so make sure to check it out. Let’s jump right in! Key Takeaways: 00:00:00 Intro 00:00:45 Take a close look at your property 00:03:07 Amenities that allow you to charge more 00:07:33 Miniature golf courses, fire pits, and hot tubs 00:11:44 Let’s talk finances 00:15:14 How to make smarter amenity choices 00:15:59 Outro Additional resources: ➡️ Ready to start building STR wealth? • Join Our Masterclass to Unlock STR Wealth: https://buildstrwealth.com/innercircle • Sign Up for Our STR Host Academy: https://www.strhostacademy.com/hostacademy • Gain Full Access to the Superhost Library: https://buildstrwealth.com/thelibrary • Reserve a Spot in Our Super Life Plan Training: https://www.billfaeth.com/lifeplantraining ➡️ Learn more about starting an STR business: • Take the Airbnb Profit Maximizer Course: https://buildstrwealth.com/profitmax299 • Sign Up for Our Co-hosting Business Masterclass: https://buildstrwealth.com/cohost • 3-Day Training Program for New Airbnb Hosts: https://buildstrwealth.com/3daytraining • Facebook Ads Training for Hosts: https://buildstrwealth.com/facebookads • Virtual Marketing Mastery Boot Camp: https://buildstrwealth.com/marketingmastery ➡️ Grab some FREE resources: • [FREE Download] Get Your 10-POINT Direct Booking Optimization Checklist: https://buildstrwealth.com/directbooking • [FREE Download] Unlock Your Potential with Our EXPERT Proforma: https://buildstrwealth.com/proforma • [FREE Donwload] Grab Our ULTIMATE Guide for STR hosts: https://buildstrwealth.com/ultimateguide • [FREE Donwload] Discover the 7 GOLDEN RULES for Airbnb Hosts: https://buildstrwealth.com/7goldenrules • [FREE Donwload] Unlock Your Dream Life Plan: https://www.billfaeth.com/lifeplan ➡️ 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

⏺️ Join Our Masterclass to Unlock STR Wealth: https://buildstrwealth.com/550250masterclass In the world of real estate investing, 1031 exchanges are a popular way to delay paying capital gains tax and maximize profits. But there’s a reason many call it the death tax… Once you opt for a 1031 exchange, the money invested can be locked away for a very long time. That’s why today, I’m sharing 3 things you need to keep in mind before you carry out a 1031! If you want to protect your money and make responsible financial decisions, this episode is for you. Tune in! Key Takeaways: 00:00:00 Intro 00:00:34 Are you ready to kiss that cash goodbye forever? 00:01:19 What is your financial stability behind that cash? 00:02:44 There are always options out there 00:04:20 Potential pitfalls of mismanaged 1031 strategies 00:05:40 My final piece of advice Additional resources: ➡️ Ready to start building STR wealth? • Join Our Masterclass to Unlock STR Wealth: https://buildstrwealth.com/innercircle • Sign Up for Our STR Host Academy: https://www.strhostacademy.com/hostacademy • Gain Full Access to the Superhost Library: https://buildstrwealth.com/thelibrary • Reserve a Spot in Our Super Life Plan Training: https://www.billfaeth.com/lifeplantraining ➡️ Learn more about starting an STR business: • Take the Airbnb Profit Maximizer Course: https://buildstrwealth.com/profitmax299 • Sign Up for Our Co-hosting Business Masterclass: https://buildstrwealth.com/cohost • 3-Day Training Program for New Airbnb Hosts: https://buildstrwealth.com/3daytraining • Facebook Ads Training for Hosts: https://buildstrwealth.com/facebookads • Virtual Marketing Mastery Boot Camp: https://buildstrwealth.com/marketingmastery ➡️ Grab some FREE resources: • [FREE Download] Get Your 10-POINT Direct Booking Optimization Checklist: https://buildstrwealth.com/directbooking • [FREE Download] Unlock Your Potential with Our EXPERT Proforma: https://buildstrwealth.com/proforma • [FREE Donwload] Grab Our ULTIMATE Guide for STR hosts: https://buildstrwealth.com/ultimateguide • [FREE Donwload] Discover the 7 GOLDEN RULES for Airbnb Hosts: https://buildstrwealth.com/7goldenrules • [FREE Donwload] Unlock Your Dream Life Plan: https://www.billfaeth.com/lifeplan ➡️ 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

⏺️ Join Our Masterclass to Unlock STR Wealth: https://buildstrwealth.com/550250masterclass If you know me, you know that I am addicted to creating businesses. But I wasn’t always as business-savvy as I am today. In fact, I struggled a lot with my approach to business and my mentality as a whole... That is until I stumbled upon Profit First, a remarkable book that offers a roadmap for entrepreneurs to make the money they’ve always dreamed of. This book single-handedly fixed my attitude towards money and changed the trajectory of my life. Needless to say, I'm beyond thrilled to interview Mike Michalowicz, the brilliant mind behind this game-changing book, on the show today. Mike's insights have enabled countless individuals, including myself, to reach their full potential in the business world. With this interview, we aim to enable you to do the same. Mike and I talk about the most common business struggles aspiring entrepreneurs face and his new book, All In. Tune in! Key Takeaways: 00:00:00 Intro 00:01:55 Every human has so much to offer 00:03:39 The 5 common areas of struggle in businesses 00:05:53 How to actually scale a business 00:09:25 Caring for your employees 00:16:12 Mike’s new book: All In 00:17:59 Outro Additional resources: ➡️ Get in touch with Mike Michalowicz: • Website: https://mikemichalowicz.com/ ➡️ Ready to start building STR wealth? • Join Our Masterclass to Unlock STR Wealth: https://buildstrwealth.com/innercircle • Sign Up for Our STR Host Academy: https://www.strhostacademy.com/hostacademy • Gain Full Access to the Superhost Library: https://buildstrwealth.com/thelibrary • Reserve a Spot in Our Super Life Plan Training: https://www.billfaeth.com/lifeplantraining ➡️ Learn more about starting an STR business: • Take the Airbnb Profit Maximizer Course: https://buildstrwealth.com/profitmax299 • Sign Up for Our Co-hosting Business Masterclass: https://buildstrwealth.com/cohost • 3-Day Training Program for New Airbnb Hosts: https://buildstrwealth.com/3daytraining • Facebook Ads Training for Hosts: https://buildstrwealth.com/facebookads • Virtual Marketing Mastery Boot Camp: https://buildstrwealth.com/marketingmastery ➡️ Grab some FREE resources: • [FREE Download] Get Your 10-POINT Direct Booking Optimization Checklist: https://buildstrwealth.com/directbooking • [FREE Download] Unlock Your Potential with Our EXPERT Proforma: https://buildstrwealth.com/proforma • [FREE Donwload] Grab Our ULTIMATE Guide for STR hosts: https://buildstrwealth.com/ultimateguide • [FREE Donwload] Discover the 7 GOLDEN RULES for Airbnb Hosts: https://buildstrwealth.com/7goldenrules • [FREE Donwload] Unlock Your Dream Life Plan: https://www.billfaeth.com/lifeplan ➡️ 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 so you never miss an episode! #STRUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

My wife Brea and I love the life we've built together. But it hasn't always been easy. In fact, at times, it has been very, very hard. The last few months have been the most stressful period of our lives. We've had to manage our properties from afar, deal with renovations, run a business, and manage family life. But being the power couple we are, we did it and came out stronger than ever. That’s why today, we want to discuss the struggles of building a short-term rental business as a married couple. We’ll share the tips and strategies that have helped us prosper not only as a business but also as a family, from renovation strategies and hiring practices to listening to our children and meeting their needs. We’ll cover everything! If you’re about to start an STR business with your life partner, this is for you. Tune in! Key Takeaways: 00:00:00 Intro 00:00:34 Managing major renovations as a couple 00:04:15 Dealing with our family life in between 00:05:27 Renovation strategies and managing remote work 00:09:20 Prioritizing family over work 00:12:37 Aligning our roles as a couple 00:16:15 Our first couples retreat after 2022 00:19:14 Outro ⏺️ Join Our Masterclass to Unlock STR Wealth: https://buildstrwealth.com/innercircle Additional resources: ➡️ Ready to start building STR wealth? • Join Our Masterclass to Unlock STR Wealth: https://buildstrwealth.com/innercircle • Sign Up for Our STR Host Academy: https://www.strhostacademy.com/hostacademy • Gain Full Access to the Superhost Library: https://buildstrwealth.com/thelibrary • Reserve a Spot in Our Super Life Plan Training: https://www.billfaeth.com/lifeplantraining ➡️ Learn more about starting an STR business: • Take the Airbnb Profit Maximizer Course: https://buildstrwealth.com/profitmax299 • Sign Up for Our Co-hosting Business Masterclass: https://buildstrwealth.com/cohost • 3-Day Training Program for New Airbnb Hosts: https://buildstrwealth.com/3daytraining • Facebook Ads Training for Hosts: https://buildstrwealth.com/facebookads • Virtual Marketing Mastery Boot Camp: https://buildstrwealth.com/marketingmastery ➡️ Grab some FREE resources: • [FREE Download] Get Your 10-POINT Direct Booking Optimization Checklist: https://buildstrwealth.com/directbooking • [FREE Download] Unlock Your Potential with Our EXPERT Proforma: https://buildstrwealth.com/proforma • [FREE Donwload] Grab Our ULTIMATE Guide for STR hosts: https://buildstrwealth.com/ultimateguide • [FREE Donwload] Discover the 7 GOLDEN RULES for Airbnb Hosts: https://buildstrwealth.com/7goldenrules • [FREE Donwload] Unlock Your Dream Life Plan: https://www.billfaeth.com/lifeplan ➡️ 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. Follow so you never miss an episode! Learn more about your ad choices. Visit megaphone.fm/adchoices

The average retirement age in the US is 64. I managed to speed up this process by 16 years and achieve financial freedom at 48. How? By being smart with my short-term rental investments. I set actionable financial goals for myself and learned everything there is to know about tax benefits, loan structuring, cash flow optimization, appreciating markets, and retirement planning. This has enabled my wife and me to live the life we want, with work becoming a choice, not a necessity. Today, I will share exactly how I did it so you can replicate my success and retire early in your 40s. Are you ready? Let’s dive right in! Key Takeaways: 00:00:00 Intro 00:00:35 Understanding all of the tax benefits 00:04:07 Prioritizing cash flow and setting financial goals 00:06:11 How to structure your loans 00:10:25 Quick summary and outro ⏺️ Join Our Masterclass to Unlock STR Wealth: https://buildstrwealth.com/innercircle Additional resources: ➡️ Ready to start building STR wealth? • Join Our Masterclass to Unlock STR Wealth: https://buildstrwealth.com/innercircle • Sign Up for Our STR Host Academy: https://www.strhostacademy.com/hostacademy • Gain Full Access to the Superhost Library: https://buildstrwealth.com/thelibrary • Reserve a Spot in Our Super Life Plan Training: https://www.billfaeth.com/lifeplantraining ➡️ Learn more about starting an STR business: • Take the Airbnb Profit Maximizer Course: https://buildstrwealth.com/profitmax299 • Sign Up for Our Co-hosting Business Masterclass: https://buildstrwealth.com/cohost • 3-Day Training Program for New Airbnb Hosts: https://buildstrwealth.com/3daytraining • Facebook Ads Training for Hosts: https://buildstrwealth.com/facebookads • Virtual Marketing Mastery Boot Camp: https://buildstrwealth.com/marketingmastery ➡️ Grab some FREE resources: • [FREE Download] Get Your 10-POINT Direct Booking Optimization Checklist: https://buildstrwealth.com/directbooking • [FREE Download] Unlock Your Potential with Our EXPERT Proforma: https://buildstrwealth.com/proforma • [FREE Donwload] Grab Our ULTIMATE Guide for STR hosts: https://buildstrwealth.com/ultimateguide • [FREE Donwload] Discover the 7 GOLDEN RULES for Airbnb Hosts: https://buildstrwealth.com/7goldenrules • [FREE Donwload] Unlock Your Dream Life Plan: https://www.billfaeth.com/lifeplan ➡️ 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. Follow so you never miss an episode! Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you annoyed by Airbnb's high fees, rigid rules, and oversaturated market? I feel you. These third-party booking platforms can really eat into our profits and strain our relationships with guests. But relying on a single platform for all bookings isn’t a smart move anyway! That’s why I've brought Arthur Colker, the mastermind behind StayFi, onto the show today. Arthur will share the best and easiest way to capture guests’ email addresses, helping you boost direct bookings, foster repeat business, and upsell your other services to guests, maximizing your profits. His tips and tools have helped me get 38% of direct bookings, and they can help you too, so be sure to tune in! Key Takeaways: 00:00:00 Intro 00:00:59 What is StayFi, and why should you utilize it? 00:03:22 The inspiration behind StayFi 00:06:57 Upselling opportunities 00:10:47 The importance of a good email list 00:12:56 Outro ⏺️ Join Our Masterclass to Unlock STR Wealth: https://buildstrwealth.com/innercircle Additional resources: ➡️ Check out StayFi: https://stayfi.com/ ➡️ Ready to start building STR wealth? • Join Our Masterclass to Unlock STR Wealth: https://buildstrwealth.com/innercircle • Sign Up for Our STR Host Academy: https://www.strhostacademy.com/hostacademy • Gain Full Access to the Superhost Library: https://buildstrwealth.com/thelibrary • Reserve a Spot in Our Super Life Plan Training: https://www.billfaeth.com/lifeplantraining ➡️ Learn more about starting an STR business: • Take the Airbnb Profit Maximizer Course: https://buildstrwealth.com/profitmax299 • Sign Up for Our Co-hosting Business Masterclass: https://buildstrwealth.com/cohost • 3-Day Training Program for New Airbnb Hosts: https://buildstrwealth.com/3daytraining • Facebook Ads Training for Hosts: https://buildstrwealth.com/facebookads • Virtual Marketing Mastery Boot Camp: https://buildstrwealth.com/marketingmastery ➡️ Grab some FREE resources: • [FREE Download] Get Your 10-POINT Direct Booking Optimization Checklist: https://buildstrwealth.com/directbooking • [FREE Download] Unlock Your Potential with Our EXPERT Proforma: https://buildstrwealth.com/proforma • [FREE Donwload] Grab Our ULTIMATE Guide for STR hosts: https://buildstrwealth.com/ultimateguide • [FREE Donwload] Discover the 7 GOLDEN RULES for Airbnb Hosts: https://buildstrwealth.com/7goldenrules • [FREE Donwload] Unlock Your Dream Life Plan: https://www.billfaeth.com/lifeplan ➡️ 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. Follow so you never miss an episode! Learn more about your ad choices. Visit megaphone.fm/adchoices

How are we going to turn this old lake house into a short-term moneymaking rental? Easy! We'll renovate it, modernize it, make the most of its many rooms, maximize occupancy, provide the outdoor amenities every lake house needs, build a game room that will leave everyone speechless, optimize our listing, and step up our marketing game. In no time, this outdated lake house will become a mega super property generating STR wealth like it’s nothing. Don’t believe us? Then tag along for the ride, and we’ll show you! Key Takeaways: 00:00:00 Intro 00:00:37 How we’re going to modernize the house 00:04:18 Utilizing the rooms 00:08:22 Maximizing occupancy 00:11:41 Utilizing the large basement space 00:13:52 Outdoor amenities are a must for a lakehouse 00:16:23 Game room? Game room! 00:17:42 First thing we’ll do when we get there 00:19:24 Outro ⏺️ Join Our Masterclass to Unlock STR Wealth: https://buildstrwealth.com/innercircle Additional resources: ➡️ Ready to start building STR wealth? • Join Our Masterclass to Unlock STR Wealth: https://buildstrwealth.com/innercircle • Sign Up for Our STR Host Academy: https://www.strhostacademy.com/hostacademy • Gain Full Access to the Superhost Library: https://buildstrwealth.com/thelibrary • Reserve a Spot in Our Super Life Plan Training: https://www.billfaeth.com/lifeplantraining ➡️ Learn more about starting an STR business: • Take the Airbnb Profit Maximizer Course: https://buildstrwealth.com/profitmax299 • Sign Up for Our Co-hosting Business Masterclass: https://buildstrwealth.com/cohost • 3-Day Training Program for New Airbnb Hosts: https://buildstrwealth.com/3daytraining • Facebook Ads Training for Hosts: https://buildstrwealth.com/facebookads • Virtual Marketing Mastery Boot Camp: https://buildstrwealth.com/marketingmastery ➡️ Grab some FREE resources: • [FREE Download] Get Your 10-POINT Direct Booking Optimization Checklist: https://buildstrwealth.com/directbooking • [FREE Download] Unlock Your Potential with Our EXPERT Proforma: https://buildstrwealth.com/proforma • [FREE Donwload] Grab Our ULTIMATE Guide for STR hosts: https://buildstrwealth.com/ultimateguide • [FREE Donwload] Discover the 7 GOLDEN RULES for Airbnb Hosts: https://buildstrwealth.com/7goldenrules • [FREE Donwload] Unlock Your Dream Life Plan: https://www.billfaeth.com/lifeplan ➡️ 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. Follow so you never miss an episode! Learn more about your ad choices. Visit megaphone.fm/adchoices

Do you know what makes the biggest difference in short-term rentals? Small amenities. The little things that you can buy for less than $100, but will give your guests a feeling of luxury, abundance, and homeliness. These are the things that will get you five-star reviews and keep guests coming back time and time again! In this episode, my wife Brea and I share insider tips for dramatically improving your short-term rental properties with little to no effort and money. Tune in and discover how to improve your guests' experience without breaking the bank or your back! Key Takeaways: 00:00:00 Intro 00:00:33 The importance of small amenities for short-term rentals 00:01:32 Must-have kitchen amenities 00:05:28 The morning after check-in 00:06:25 Must-have bedroom amenities 00:08:33 Must-have bathroom amenities 00:12:52 Other amenities to keep in mind 00:17:08 Outro 👉 Check out our Amazon Luxe for Less Storefront: https://www.amazon.com/shop/buildstrwealth Additional resources: ➡️ Ready to start building STR wealth? • Join Our Masterclass to Unlock STR Wealth: https://buildstrwealth.com/innercircle • Sign Up for Our STR Host Academy: https://www.strhostacademy.com/hostacademy • Gain Full Access to the Superhost Library: https://buildstrwealth.com/thelibrary • Reserve a Spot in Our Super Life Plan Training: https://www.billfaeth.com/lifeplantraining ➡️ Learn more about starting an STR business: • Take the Airbnb Profit Maximizer Course: https://buildstrwealth.com/profitmax299 • Sign Up for Our Co-hosting Business Masterclass: https://buildstrwealth.com/cohost • 3-Day Training Program for New Airbnb Hosts: https://buildstrwealth.com/3daytraining • Facebook Ads Training for Hosts: https://buildstrwealth.com/facebookads • Virtual Marketing Mastery Boot Camp: https://buildstrwealth.com/marketingmastery ➡️ Grab some FREE resources: • [FREE Download] Get Your 10-POINT Direct Booking Optimization Checklist: https://buildstrwealth.com/directbooking • [FREE Download] Unlock Your Potential with Our EXPERT Proforma: https://buildstrwealth.com/proforma • [FREE Donwload] Grab Our ULTIMATE Guide for STR hosts: https://buildstrwealth.com/ultimateguide • [FREE Donwload] Discover the 7 GOLDEN RULES for Airbnb Hosts: https://buildstrwealth.com/7goldenrules • [FREE Donwload] Unlock Your Dream Life Plan: https://www.billfaeth.com/lifeplan ➡️ 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. Follow so you never miss an episode! Learn more about your ad choices. Visit megaphone.fm/adchoices

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/proforma This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform. In this episode, Bill sits down with Arthur Kolker, founder of StayFi, a company providing solutions for short-term rental hosts to grow their business by building an email list and maximizing guest data. They discuss the importance of guest data, value of Staphy, and other integrations like the homepage, Hostco, and Viator that can generate additional revenue. Arthur also shares insights from his marketing background, the story of StayFi's inception, and how it caters to all sizes of property managers. The usefulness of Staphy for remarketing to guests and the possibilities it holds for future growth are addressed. 00:00 Introduction and Guest Introduction 00:12 The Importance of Marketing Tools in Short Term Rentals 00:43 Meet Arthur Kolker: The Founder of StayFi 01:11 Understanding StayFi and Its Benefits 01:47 The Power of Email List Building 03:21 The Birth of StayFi: Arthur's Journey 05:35 StayFi's Growth and Impact 07:18 StayFi's New Platform: Homepage 11:38 The Value of Email Lists Beyond Email Marketing 13:39 StayFi's Presence in Upcoming Conferences 15:37 Closing Remarks and Appreciation Watch this episode on our YouTube Channel Every Tuesday & Friday https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508 You can find more of Bill online at: Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1 Build STR Wealth: https://buildstrwealth.com/ Instagram: @BillFaeth73 Tik 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! 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/proforma This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform. In this episode, Bill Faeth discusses the importance of understanding who the target customers are in the short-term rental business. This includes knowing demographic information such as whether the booking market is male or female-dominated and what cities they are coming from. Bill emphasizes the need to think about who will be renting the property from start to finish and to design and market the property accordingly. Much of the discussion revolves around targeting 'Wealthy Wendy', a persona representing the majority female bookers at his properties. Bill also talks about the amenities and features of a property that can make a significant difference in customer satisfaction, such as comfortable blankets, paper plates, a personalized coffee bar in the master suite and a boot warmer. Apart from physical additions, he also mentions the use of analytics and data to improve service offerings and customer understanding. 00:01 Introduction and Overview 00:15 The Importance of Marketing and Positioning 00:52 The Investment Process and Property Selection 02:24 Understanding Your Ideal Buyer 02:51 Focusing on the Guest Experience 03:09 The Importance of Property Location and Design 03:56 Understanding Your Market and Target Audience 06:42 Creating a Comfortable and Memorable Stay 08:28 The Power of Small Details in Hospitality 13:04 Leveraging Reviews for Continuous Improvement 13:43 Conclusion: The Competitive Advantage of Going the Extra Mile Watch this episode on our YouTube Channel Every Tuesday & Friday https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508 You can find more of Bill online at: Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1 Build STR Wealth: https://buildstrwealth.com/ Instagram: @BillFaeth73 Tik 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! 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/proforma This 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 Background 00:46 The Journey of Real Estate Investment 01:26 The Importance of Experience and Learning in Investment 02:06 The Reality of Real Estate Investment 05:22 The Importance of Market Selection 06:38 The Story of a Successful Investment 06:48 Understanding Sub Markets 12:21 The Importance of Underwriting 22:17 The Role of Marketing in Real Estate Investment 27:15 The Importance of Revenue Management 34:13 Conclusion and Final Thoughts Watch this episode on our YouTube Channel Every Tuesday & Friday https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508 You can find more of Bill online at: Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1 Build STR Wealth: https://buildstrwealth.com/ Instagram: @BillFaeth73 Tik 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 Industry 01:12 Understanding Market Fluctuations and the Role of Data Analysis 03:05 The Concept of Market Saturation and its Misconceptions 05:05 The Importance of Submarkets and Finding Niches 06:33 Investing in Properties, Not Markets 10:38 The Power of Proximity and Location in STR Investments 10:51 The Role of Regulation, Traffic Generators, and Views in STR Investments 11:31 The Importance of Marketing Opportunities in STR Investments 13:07 Exploring Potential Markets for STR Investments 16:31 The Importance of Research and Analysis in STR Investments 17:17 Conclusion and Final Thoughts Watch this episode on our YouTube Channel Every Tuesday & Friday https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508 You can find more of Bill online at: Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1 Build STR Wealth: https://buildstrwealth.com/ Instagram: @BillFaeth73 Tik 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 Experiences 01:22 Understanding Repositioning in Real Estate 01:56 The Importance of Financial Planning in Property Investment 03:03 The Decision-Making Process in Property Repositioning 07:54 The Role of Appreciation in Property Investment 10:10 The Tax Implications of Repositioning 11:44 The Importance of Continuous Learning in Property Investment 12:57 Conclusion and Call to Action Watch this episode on our YouTube Channel Every Tuesday & Friday https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508 You can find more of Bill online at: Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1 Build STR Wealth: https://buildstrwealth.com/ Instagram: @BillFaeth73 Tik 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 Experiences 01:22 Understanding Repositioning in Real Estate 01:56 The Importance of Financial Planning in Property Investment 03:03 The Decision-Making Process in Property Repositioning 07:54 The Role of Appreciation in Property Investment 10:10 The Tax Implications of Repositioning 11:44 The Importance of Continuous Learning in Property Investment 12:57 Conclusion and Call to Action Watch this episode on our YouTube Channel Every Tuesday & Friday https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508 You can find more of Bill online at: Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1 Build STR Wealth: https://buildstrwealth.com/ Instagram: @BillFaeth73 Tik 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 Welcome 00:15 Introducing HomePage: The Next Level of Marketing 00:49 The Importance of StayFine in Marketing Funnel 01:05 Special Edition with Chris Wharton 01:17 Recap of the Conference 01:41 Behind the Scenes of the Conference 01:57 The Evolution of the Conference 03:35 Challenges and Learnings from the Conference 05:12 The Financial Aspect of the Conference 05:56 Improvements for Future Conferences 09:29 The Impact of Vendors and Speakers 15:04 The Role of Artificial Intelligence in Hosting 25:28 Closing Remarks and Future Plans 27:10 Sponsor Message: Market My STR Watch this episode on our YouTube Channel Every Tuesday & Friday https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508 You can find more of Bill online at: Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1 Build STR Wealth: https://buildstrwealth.com/ Instagram: @BillFaeth73 Tik 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 the STR Unfiltered podcast, Bill Faeth discusses the importance of patience and diligent research when approaching real estate investing. He touches upon the current market, interest rates, and aligns against the rush to buy properties. By explaining the different aspects involved while making a deal, he emphasizes how building rapport, understanding the property, and calculating the profits leads to successful investments. He provides an example of how patience and scrutiny led him and his team to secure a boutique motel under contract for less than its original price. In conclusion, he explains how these principles can let one expedite their 5-50-250 plan. 01:01 Introduction and Current Investment Climate 02:27 The Importance of Patience in Real Estate 03:13 Case Study: Boutique Motel Investment 05:44 The Power of Due Diligence and Patience 10:39 Case Study: Banner Elk Property Investment 15:19 The 550 250 Plan and Conclusion Watch this episode on our YouTube Channel Every Tuesday & Friday https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508 You can find more of Bill online at: Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1 Build STR Wealth: https://buildstrwealth.com/ Instagram: @BillFaeth73 Tik 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. 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 Overview 01:45 The Power of Email Marketing 02:57 The Importance of Building an Email List 04:46 Leveraging StayFi for Rapid Email List Growth 07:10 The Art of Email Communication 09:15 Choosing the Right Tools for Email Marketing 10:03 Conclusion: Don't Sleep on Your Email List Watch this episode on our YouTube Channel Every Tuesday & Friday https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508 You can find more of Bill online at: Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share&ltsid=660cbc9b-4a7e-4ed9-a654-900180b83af1 Build STR Wealth: https://buildstrwealth.com/ Instagram: @BillFaeth73 Tik Tok: @bfaeth Learn more about your ad choices. Visit megaphone.fm/adchoices