Short Term Rental Secrets Podcast

Latest Episodes:

FTH #6 - Top 5 KPIs For Your Airbnb Business Mar 30, 2022

Show notes

Tracking progress is a dynamic tool, it keeps you consumed and productive. As a business, it is important to know where your numbers at to see if you are on the right track or if you need to make some adjustments to make your business better. In this week's episode, we will talk about the top 5 KPIs that you need for your Airbnb business.

Our friends at PriceLabs are offering a free trial, just go to https://bit.ly/3tC3Q7F.

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

Ep 94 - Short Term Rental, Long Term Wealth with Avery Carl Mar 28, 2022

Show notes

Avery Carl is the author of “Short Term Rental, Long Term Wealth,” host of “The Short Term Show” podcast, CEO of The Short Term Shop, and real estate investor with 189 doors.

https://theshorttermshop.com/

https://www.linkedin.com/in/averycarl/

https://www.instagram.com/theshorttermshop/

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

FTH #5 - Should You Turn On Instant Book on Airbnb Mar 23, 2022

Show notes

Instant Book allows the guest to book immediately without a need to send a request to the host for approval. There are a lot of pros and cons for the hosts and guests when this feature is turned on. So the question still stands, should you turn on Instant Book on Airbnb?

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

Ep 93 - How to Make Your STR Profitable in The Smoky Mountains with Cale Delaney Mar 21, 2022

Show notes

Cale Delaney, who self-titles himself as the Accidental Intentional Millionaire, is a Christian, real estate investor, husband, and father of 3. After graduating cum laude with an engineering degree, he began his real estate career back in 2006 working as a Commercial Real Estate Investment Broker for a large Investment Brokerage in Miami, FL where he was awarded the Pace Setter award his first year for the most number of listings and sold over $7M in multi-family and retail real estate. However, with the crash of 2008, he left that business and put the real estate on hold until 2020 when he decided to go all in to start building generational wealth for his family. Since then, his investment portfolio went from $300k in January 2020 (a previous primary home turned rental) to over $4M and a net worth of over $2M less than 2 years later. In these two years, he’s purchased a total of 11 units including 5 LTRs and 6 STRs, 5 of which are luxury log cabins in the Smoky Mountains. Cale self-manages all his properties remotely while still working a W2 job. In his first year as an STR owner/operator, he’s generated almost $500k in gross revenue and hosted over 1,700 guests. He took his very first STR cabin from a projected revenue of $85k to an actual of almost $150kand converted an LTR generating $16k annually to an STR now on track to generate over $60k. Cale’s main focus now is on building his STR business and cash flow with the intent to move into larger multi-family or self-storage via syndications for more passive income.

https://www.facebook.com/cale.delaney/

https://www.linkedin.com/in/cale-delaney-13a64862/

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

FTH #4 - How to Handle a Party Mar 16, 2022

Show notes

Parties are definitely a no-no, Airbnb even announced a global ban on all parties and events at Airbnb listings. Not only it can potentially destroy the property but also creates a nuisance that disturbs the surrounding neighborhood. It's rare that you will get guests partying on your property but when you do, here are the things that you need to do as a host on how to handle a party.

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

Ep 92 - Cost Segregation Studies for Short Term Rentals with Yonah Weiss Mar 10, 2022

Show notes

In this interview Yonah Weiss discusses how cost segregation studies can help Airbnb / short term rental property owners offset their income using accelerated depreciation strategies.

- What is a cost segregation study?

- How cost segregation studies work with short term rentals and Airbnb properties.

- Can short term rental owners use depreciation to offset their W2 income

- Bonus recapture taxes and more

GUEST'S BIO

Yonah Weiss is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving tens of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He’s a real estate investor and host of the top podcast Weiss Advice.

CONNECT WITH THE GUEST

Yonah Weiss: Website | Instagram | Facebook | Linkedin

CONNECT WITH THE HOSTS

https://linktr.ee/the_airbnbguy

Emanuele Pani: Clubhouse | Instagram | Facebook | Linkedin

FREE MASTERCLASS TRAINING - https://www.strsecrets.com/masterclass

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

FTH #3 - Dealing With Difficult Neighbors Mar 09, 2022

Show notes

Hosting comes with a commitment of responsibility to the neighbors and the community. You will encounter different kinds of neighbors even those who hate short term rentals and the last thing you want as a host is a nasty neighbor to be dreadful about! In this week's episode, we will talk about the things that you need to do to deal with a difficult neighbor.

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

Ep 91 - How to Double Your Airbnb Revenue and Stand Out From the Competition with Bill Faeth Mar 07, 2022

Show notes

GUEST'S BIO

Bill Faeth has been involved in real estate for almost 25 years with both commercial and residential investing. He currently has a multi-million dollar portfolio of short-term rental properties primarily located in vacation rental markets with a focus on beach, lake, and mountain properties. He has leveraged years of successful business growth strategies to specialize in maximizing vacation rental profits by turning $50,000 annual revenue properties into $90,000 properties yielding high profit via self-management.

HIGHLIGHTS OF THE EPISODE

03:58 Bill Faeth's introduction and background

05:02 Watch Bill's previous episode on Spotify or Apple Podcast

05:11 How Bill got into the STR industry

07:15 Figuring out your true goal

11:23 Emerging markets

13:37 What to look for in an emerging market

18:52 How to increase your cash on cash return

22:44 What does Bill's process look like

27:28 Making a list

28:21 Defining the system for your STRs

31:55 The importance of building trust and goodwill with guests

32:45 Bill shares a story about this number one property from his portfolio

34:25 Creating value by asking the guest how we can help them

35:21 Differentiating yourself in a competitive market

37:58 The plus one

41:38 How to create another avenue to market

45:59 How to increase your ADR

47:14 Bill reads a review from one of his STRs

51:59 How interior design and furnishings increase ADR

58:49 Join us for the biggest event for hosts and investors on June 6 to June 8 for the STR Wealth Conference - www.strwealthconference.com

01:12:14 Acknowledgments to Bill

NOTABLE QUOTES

"The property becomes an experience." - Emanuele Pani

"Asking how we can help is how we can create value." - Bill Faeth

"It's not about the property, it's what we put into it." - Bill Faeth

"Those small things are what's going to make a huge difference." - Bill Faeth

CONNECT WITH THE GUEST

Bill Faeth: Website | Instagram | Linkedin

CONNECT WITH THE HOSTS

https://linktr.ee/the_airbnbguy

Emanuele Pani: Clubhouse | Instagram | Facebook | Linkedin

FREE MASTERCLASS TRAINING - https://www.strsecrets.com/masterclass

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

FTH #2 - Should I List My Property on Booking.com, VRBO, and Expedia? Mar 02, 2022

Show notes

OTAs have played a huge role in the short term rental industry. It allows people to search for places that they want to stay in and compare one property to another from the comfort of their own home or on the go. The most popular OTAs are Airbnb and VRBO. But when should you list your vacation rental on other OTAs? Find out on this episode of From The Host!

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

Ep 90 - The Psychology of Success with Rod Khleif Feb 28, 2022

Show notes

GUEST'S BIO

Rod Khleif is a multiple business owner and philanthropist who is passionate about business, high performance, real estate, and giving back. As one of the country's top business, real estate, and peak performance luminaries, Rod has built over 24 businesses in his 40-year business career several of which have been worth tens of millions of dollars. He has also owned over 2000 properties. Rod Khleif soared from humble beginnings as a young, impoverished Dutch immigrant to incredible success. Rod also founded The Tiny Hands Foundation which has benefited more than 95,000 children in need.

HIGHLIGHTS OF THE EPISODE

02:33 Stay tuned for our big announcement!

02:50 Rod Khleif's introduction and background

09:08 What Rod did after he lost $50 million

13:58 Rod talks about his upcoming Multifamily Virtual Bootcamp in March - use the code ROD FRIEND to get it for only $97

14:20 Text ROD to 72345 to get the link for his boot camp registration

14:38 First thing that Rod does on his boot camp

15:15 Being positive and focusing on what you want

17:42 The goal-setting process

27:57 The burning desire

31:56 Rod's tips for people hungry for success

34:57 The science of achievement and the art of fulfillment