Bill Faeth Unfiltered

Latest Episodes:

The Hidden Costs of Short-Term Rentals Apr 08, 2025

Show notes

https://buildstrwealth.com/proforma

http://www.futurestay.com/bill

In this episode of Bill Faeth Unfiltered, Bill dives into the often-overlooked hidden costs of short-term rentals. He emphasizes the significant expenses that many investors fail to consider, such as carry costs from the purchase date to launch, and travel expenses for out-of-market properties. He shares personal insights, including an unforeseen $4,000 snow removal cost at his Elk Lodge property in North Carolina. Bill, along with guest Chris, discusses the importance of accurately estimating expenses like property taxes, internet, and landscaping, which can significantly impact profitability. They also highlight the importance of understanding your ideal guest's preferences and designing properties to meet their needs. The episode concludes with a pro tip: include a 'just in case you mess up' buffer in your proforma by adding 10% to expenses and subtracting 10% from estimated revenue. This strategy provides a safety net for unexpected costs, helping investors make better-informed decisions. To further aid listeners, Bill offers access to his proforma and other investment tools through links in the show notes.

00:00 Introduction to Bill Faeth Unfiltered

00:21 Hidden Costs of Short-Term Rentals

01:13 Travel and Carry Costs

02:14 Unexpected Expenses in Property Management

03:03 Importance of Accurate Performance

08:32 Marketing and Software Costs

11:10 Designing for Your Ideal Buyer

13:28 The Just-In-Case Buffer

15:52 Conclusion and Final Thoughts

➡️ Connect with us:

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• 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 Bill Faeth 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.

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Credit Strategies for Homebuyers Apr 01, 2025

Show notes

In this episode, Bill and Chris discuss how to master down payment assistance and the importance of advance preparation. Bill emphasizes the necessity of planning at least 90 days ahead to ensure financial readiness. He explains that lenders require a history of seasoned funds, typically going back 90 days. Bill also highlights the significance of maintaining a high credit score to secure premium rates from banks. He shares his personal strategies for managing credit, such as paying off credit card debt weekly and knowing the reporting dates for each card. Bill advises against canceling unused credit cards to maintain credit history and offers tips on managing debt between spouses for better credit outcomes. Chris shares his journey of rebuilding his credit, emphasizing the value of starting with small credit cards and gradually building up. Bill discusses the benefits of having children on parents' credit cards to help them establish a strong credit history early. The episode concludes with Bill's insights on using credit cards for point hacking to maximize rewards and the best practices for ensuring financial responsibility and readiness when purchasing real estate.

00:00 Introduction and Setup

00:38 Meet the Co-Host: Christopher Wharton

00:52 Planning Your Down Payment Assistance

02:29 Understanding Credit Scores and Their Impact

03:30 Credit Card Management Tips

05:03 Managing Debt and Credit for Real Estate

07:13 Credit Building Strategies

08:38 Credit Card Hacks and Final Tips

12:07 Conclusion and Final Thoughts

➡️ 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 Bill Faeth 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!

#BFUnfiltered #BillFaeth #STR

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The Hidden Struggles of Running Short-Term Rentals Mar 25, 2025

Show notes

Jesse's Midterm Rental Summit: https://midtermrentalsummit.com/

Bill's STR Wealth Conference: https://strwealthconference.com/

Super Property Grader: https://go.buildstrwealth.com/superpropertygrader

In this episode, Bill shares a personal story of facing zoning violations for hosting retreats at his property, revealing the stress and complications involved. Bill and Jesse discuss the broader challenges of running short-term rentals, including facing opposition from neighbors and dealing with environmental and state-level regulations. Jesse shares his own similar experience in Aptos and sheds light on the difficulties of dealing with changing city laws and unexpected fines. The conversation shifts to strategies for overcoming these hurdles, emphasizing the importance of thorough market research, understanding local regulations, and creative ways to increase property value and manage operational costs. Bill also touches on how understanding market dynamics, such as those in Whitefish, Montana, can lead to substantial financial gain. They explore the concept of midterm rentals, discussing how they can be a viable alternative, especially in markets with high short-term rental competition and regulations. Both highlight the importance of diversifying investments, leveraging market knowledge, and community engagement for long-term success. The episode concludes with a discussion on upcoming events, including the Midterm Rental Summit in San Diego and the STR Wealth Conference in Nashville, where they will share more insights and strategies with the community.

00:00 Introduction to Bill Faeth Unfiltered

00:14 Zoning Violation and Neighbor Issues

01:20 Permit Problems and Environmental Hurdles

01:54 Real Estate Challenges and Personal Stories

04:06 Investment Strategies and Market Insights

09:44 Emotional Ties to Properties

13:35 Diversification and Market Analysis

23:00 Leveraging Local Knowledge for Investment

26:27 Creative Investment Strategies for Seasonal Properties

27:28 Leveraging Local Resources for Business Expansion

29:27 Innovative Approaches to Hotel and Rental Management

31:04 Success Stories and Business Development Insights

32:57 Market Trends and Operational Challenges

34:37 The Future of Midterm Rentals

38:22 Upcoming Conferences and Networking Opportunities

40:28 Final Thoughts and Acknowledgements

➡️ 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 Bill Faeth 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!

#BFUnfiltered #BillFaeth #STR

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Rental Property Investing Tips You Wish You Knew Sooner Mar 20, 2025

Show notes

Super Grader: https://go.buildstrwealth.com/superpropertygrader

Proforma: https://buildstrwealth.com/proforma

Bill breaks down invaluable insights and tips on short-term rental property investments to avoid common pitfalls and optimize your returns. Drawing from real-world examples and personal experiences, the episode covers crucial strategies such as avoiding market-wide investments, focusing on specific properties, analyzing sub-markets by bedroom count, understanding entry costs, utilizing creative financing, and leveraging tax benefits. It also highlights the importance of cash flow, appreciation, debt pay-down, and tax incentives while making investment decisions. Lastly, the host shares practical tools like the 'super grader' method for evaluating potential property investments effectively.

00:00 Introduction to Rental Property Investing

00:08 Common Mistakes in Real Estate Investing

01:11 Importance of Bedroom Count in Property Investment

02:32 Barrier to Entry Costs

04:19 Creative Financing Strategies

05:57 Investing in Condos

07:26 Four Pillars of Real Estate Investment

10:16 Return on Equity Audit

14:12 Super Grader and Performance Metrics

15:50 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 Bill Faeth 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!

#BFUnfiltered #BillFaeth #STR

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Leveraging Tech & Revenue Strategies in Property Management Mar 11, 2025

Show notes

https://strwealthconference.com/

https://buildstrwealth.com/innercircle

Bill sits down with Tony Stancato, a successful entrepreneur in the property management space known for his effective use of LinkedIn. Tony reveals that Justin Welch's course motivated him to post consistently on LinkedIn for 90 days, which resulted in surprising traction and client engagements. Building on his social media success, Tony quit his W2 job the day before attending the STR Wealth Conference and transitioned full-time into short-term property management, quickly growing his company. The conversation then shifts to Tony's latest business move: purchasing and revitalizing a multi-unit boutique motel in Northern Michigan. Despite initial delays in the renovation due to contractor availability, Tony remains optimistic. He emphasizes the importance of adapting operations, including experimenting with cloud-based management software like Cloudbeds while considering alternatives like Muse. Tony discusses the motel's strategic location, competitive pricing, and future plans. Bill and Tony dive into advanced revenue management strategies, highlighting the benefits of one-night minimum stays. Tony also shares insights on structuring property deals to maximize NOI and using versatile tech stacks for motel management. Overall, Tony's journey showcases the rewards and challenges of moving from traditional short-term rentals to the complexities of running a boutique motel.

00:00 Introduction and Guest Welcome

00:14 The Power of LinkedIn for Business

01:22 Consistency and Engagement on LinkedIn

05:20 Exploring the Motel Acquisition

07:31 Challenges in Renovation and Management

16:50 Property Management and Tech Stack

27:17 Future Plans and Closing Remarks

➡️ 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 Bill Faeth 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!

#BFUnfiltered #BillFaeth #STR

Learn more about your ad choices. Visit megaphone.fm/adchoices

Unlocking Your Prey Drive For Massive Success w/ Micheal Burt Mar 04, 2025

Show notes

https://strwealthconference.com/

Bill is joined by Micheal Burt, a legendary high school basketball coach turned business coach, at the Greatness Factory in Nashville, Tennessee. Burt shares his journey from starting as a basketball coach at 15 to becoming the 'Super Coach,' a title given to him by Grant Cardone. He discusses his coaching philosophy, which includes integrating psychological principles from Stephen Covey's works into his coaching methods. Burt emphasizes the importance of intensity, persistence, and the 'prey drive'—a term he uses to describe the drive to succeed. He also shares his early life experiences, being raised by a single mother and learning valuable lessons from coaches who became his mentors. Both Burt and Faith reflect on their own paths and the concept of finding one's purpose early in life. They also discuss the importance of having a coach and the value of long-term mentorship and exposure to high achievers. Burt talks about the challenges he faced in the business world, like being kicked out of his initial Greatness Factory venue, which taught him the importance of owning assets. He also describes how to convert one's skills and potential into real success through proper vehicles and environments. Faith highlights the significance of immersive experiences at smaller, intimate events for true transformation. The episode concludes with Burt sharing how to engage with his coaching programs and upcoming speaking events, emphasizing the long-term benefits of continuous learning and mentorship.

https://www.coachburt.com/

www.instagram.com/michealburt/

00:00 Welcome to Bill Faith Unfiltered

00:02 Introducing the Greatness Factory

00:38 Meet Super Coach Micheal Burt

01:38 Micheal Burt's Coaching Journey

04:12 The Making of a Championship Coach

08:40 Transitioning to Business Coaching

13:43 Unlocking Potential with Prey Drive

15:21 Building the Greatness Factory

20:49 Entrepreneurial Spirit and Boldness

23:52 The Power of Manifestation

24:24 Creating a Culture of Trust and Purpose

24:45 The Importance of Environment and Surroundings

25:10 Building Deep Relationships

30:55 The Language of Winning

33:01 The Success Cycle vs. The Sewer Cycle

34:30 The Value of Proximity and Immersive Experiences

35:39 The Journey to Mastery

39:02 The Importance of Seizing Opportunities

48:00 Final 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 Bill Faeth 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!

#BFUnfiltered #BillFaeth #STR

Learn more about your ad choices. Visit megaphone.fm/adchoices

STR Safety 101: Protecting Guests, Properties, and Profits Feb 25, 2025

Show notes

Safety Course - https://breezeway.learnworlds.com/

SnapPower Lights - !NEW 2025! - https://a.co/d/cm8Okzj

Rescue Ready Ladder - https://berescueready.com/

In this episode of Bill Faeth Unfiltered, Bill welcomes Justin Ford from Breezeway to discuss the critical subject of safety in short-term rentals. The two share their common interests in skiing and snowboard, but the conversation quickly focuses on aspects of property safety, fueled by Ford's expertise. Ford is noted for his dedication to improving safety standards in the short-term rental industry and recounts their first significant interaction during one of Bill's mastermind meetings where Ford conducted a detailed safety inspection of a newly-built 12-bedroom property. This inspection revealed numerous missed safety issues, including fire hazards and the improper placement of safety equipment, emphasizing the often-overlooked aspect of urgency in getting properties ready for guests. As the episode progresses, Ford discusses the disturbing reality that most properties are not adequately prepared for emergencies, mentioning that only 2 percent of markets have stringent safety regulations. The episode highlights common mistakes made by hosts, such as the misplacement of fire extinguishers, lack of smoke alarms, inadequate lighting, and the dangers posed by improperly set up grills. Ford also explains the concept of 'vacation brain,' noting that guests often neglect safety precautions while on vacation, leading to an increased risk of accidents. The conversation covers practical solutions, such as installing fire extinguishers in visible locations, ensuring proper lighting, and using child safety locks. Ford also shares insights from his time in the U.S. Coast Guard and as a firefighter, underscoring the importance of proactive safety measures. He stresses the use of escape ladders and the newly available safety products like battery-operated outlet covers with motion sensors. Additionally, the episode touches on the financial implications of ignoring safety regulations, citing examples from Gatlinburg where property owners face costly upgrades due to new safety laws. Ford reveals that safety can serve as a vital marketing tool, and it is significantly underutilized in the industry. Overall, the episode is a comprehensive guide on enhancing the safety of short-term rental properties, offering hosts actionable advice and insights from an industry expert. It concludes with an invitation for listeners to attend Ford's upcoming session at the STR Wealth Conference and to follow him for more safety tips.

00:00 Justin Ford Introduction

00:34 Mastermind Meeting and Property Safety

02:11 The Importance of Safety in Short-Term Rentals

04:12 Justin Ford's Background and Safety Course

13:12 Vacation Brain and Setting Up Safe Properties

18:11 Real-Life Safety Stories

18:40 Marketing Safety in Short-Term Rentals

21:17 Safety Regulations and Challenges

24:57 Grill Safety Tips

28:13 Lighting and Safety Features

33:14 Final Thoughts and Upcoming Events

➡️ 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 Bill Faeth 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!

#BFUnfiltered #BillFaeth #STR

Learn more about your ad choices. Visit megaphone.fm/adchoices

How to Leverage Seller Credits for Bigger Returns Feb 18, 2025

Show notes

5/50/250 Plan : buildstrwealth.com/550250masterclass

In this episode of Bill Faeth Unfiltered, Bill is joined by Tyler Coon of Savvy Realty at the Savvy Summit to discuss the concept of seller credits in real estate transactions. Bill highlights his extensive experience with seller credits, having secured over $2.2 million in credits, which contributed significantly to building his $20 million real estate portfolio. Tyler, praised as the 'King of Seller Credits' for his expertise on the agent side, shares insights on how buyers and agents can effectively negotiate and utilize seller credits. Bill recounts a successful transaction where Tyler helped him secure a $65,000 seller credit on a $1.6 million property in Banner Elk, North Carolina. They also discuss a more recent transaction where Bill obtained a $150,000 seller credit on a $3 million property in Montana. The conversation delves into the confusion surrounding traditional concessions versus seller credits and the necessity for agents to understand the difference and how to negotiate them. Tyler explains the steps involved in executing seller credits, emphasizing the importance of having a separate addendum outside the main contract. They provide examples of how seller credits can substantially improve cash on cash returns and property appreciation. The discussion also covers the importance of working with knowledgeable agents who can navigate complex transactions and have experience with seller credits. Bill advises viewers to ask prospective agents about their experience with seller credits and underscores that integrity and thoroughness are crucial traits in an agent. The episode concludes with a reminder that mastering seller credits can be pivotal in optimizing real estate investments.

https://www.marketmystr.com/

00:00 Introduction and Welcome

00:10 Introducing Tyler Coon and Seller Credits

00:41 The Importance of Seller Credits

01:28 How to Handle Seller Credits

02:49 Types of Seller Credits

04:39 Executing Seller Credits

05:33 Common Misconceptions and Legalities

08:34 Negotiation Strategies

10:29 Choosing the Right Agent

12:08 Conclusion and Final Thoughts

➡️ 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 Bill Faeth 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!

#BFUnfiltered #BillFaeth #STR

Learn more about your ad choices. Visit megaphone.fm/adchoices

The Investor’s Playbook: Leveraging Credit, Comps & Cash Flow Feb 11, 2025

Show notes

Bill speaks from the Hatley Pointe Ski Resort in North Carolina, recounting his recent ski vacation in Montana with his wife. He attends the Savvy Summit hosted by Tyler Coon and discusses his exploration of investment opportunities in newly developed ski resorts. Bill considers purchasing 165 acres with ski runs and a lodge, during which he plans to gain insights from the resort owners about their investment journey. He explains the importance of understanding hurdles, costs, and unexpected issues in such investments. Transitioning the focus to real estate investing, Bill emphasizes the fundamental components of successful short-term rental investments: cash flow, appreciation, debt paydown, and tax benefits. He discusses tools like STR Insights and AirDNA for benchmarking and elaborates on his performance analysis approach. He also touches on the significance of credit and loan qualification, drawing from his personal experience with commercial loans for a hotel acquisition. Bill shares his proactive strategy of meeting quarterly with tax consultants and his stance against zeroing out income to maintain bankability. He encourages a systematic approach to analyzing comps and adapting pricing to move from a beginner to an advanced investor. Bill wraps up by promoting his Facebook group and urging listeners to engage with his content on YouTube and podcast platforms.

Super Property Grader: https://go.buildstrwealth.com/superpropertygrader

https://www.marketmystr.com/

Join Our Facebook Group: https://www.facebook.com/groups/284886002732508

00:00 Welcome to Bill Faeth Unfiltered

00:03 Introduction to Hatley Pointe Ski Resort

00:53 Real Estate Investment Insights

03:43 Key Components of Short-Term Rental Investments

07:25 Analyzing Market and Property Performance

08:55 Tax Benefits and Financial Planning

13:26 Recap and Final Thoughts

15:04 Join the Community and Subscribe

➡️ 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 Bill Faeth 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!

#BFUnfiltered #BillFaeth #STR

Learn more about your ad choices. Visit megaphone.fm/adchoices

Things I Wish I Knew 10 Years Ago (Top 5 Business Lessons) Feb 04, 2025

Show notes

In this episode of Bill Faeth Unfiltered, Bill discusses the five most important lessons he's learned throughout his career. Starting at age 19 and now approaching a billion dollars in sales, he shares not only his successes but also his mistakes. The first lesson emphasizes the importance of having an intimate relationship with financials, inspired by his mother who managed a preschool. The need for accuracy and timeliness in financial management, such as completing P&Ls by the start of each month, is stressed. The second lesson underscores the significance of ensuring there's a real need for your product or service, and differentiating it in a saturated market. Market research and unique positioning are crucial. The third lesson focuses on hiring principles, particularly prioritizing qualities and compatibility over skill, emphasizing tools like DISC profile tests. The fourth lesson is about the critical role of speed in decision-making and execution, particularly in times of crisis like COVID-19. Swift pivoting and rapid response are cited as keys to survival and success. The fifth lesson revolves around developing and continually updating your unique value proposition, which addresses customer problems with solutions that set your business apart. Using diverse pricing models and understanding different buyer types are part of this strategy. Overall, Bill offers actionable advice to help viewers avoid common pitfalls and enhance their own business practices.

https://www.marketmystr.com/

00:00 Introduction: 32 Years of Entrepreneurial Lessons

01:07 Lesson 1: Financial Intimacy

05:43 Lesson 2: Market Need and Differentiation

08:55 Lesson 3: Effective Hiring Strategies

12:03 Lesson 4: The Importance of Speed

18:24 Lesson 5: Unique Value Proposition

25:10 Conclusion: Key Takeaways and Final Thoughts

➡️ 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 Bill Faeth 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!

#BFUnfiltered #BillFaeth #STR

Learn more about your ad choices. Visit megaphone.fm/adchoices

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