Bill Faeth Unfiltered

Latest Episodes:

Mike Michalowicz: This Mistake Is RUINING Your Short-Term Rental Business Apr 16, 2024

Show notes

⏺️ 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

The Struggles of Building a Short-Term Rental Business as a Married Couple w/ Brea Faeth Apr 09, 2024

Show notes

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

How to ACTUALLY Retire Early with Short-Term Rental Investing (Realistic Guide) Apr 02, 2024

Show notes

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

StayFi CEO: Boost Direct Bookings by Capturing Emails from Airbnb Guests | Arthur Colker Mar 26, 2024

Show notes

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 We’re Going to Turn This Lake House Into a Moneymaking Short-Term Rental Mar 19, 2024

Show notes

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

Small Amenities for Short-Term Rentals That Bring BIG Returns Mar 12, 2024

Show notes

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

Marketing with StayFi Mar 08, 2024

Show notes

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

Targeting Your Ideal Guest From The Start Mar 05, 2024

Show notes

StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi!

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

4 Skills You Must Have To Be A Successful STR Investor Mar 01, 2024

Show notes

StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi!

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

Why Would I Tell You The Best Markets to Buy In Feb 27, 2024

Show notes

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