• Netting $250K Off One Investment -The 5/50/250 Plan

  • Jan 31 2024
  • Duración: 17 m
  • Podcast

Netting $250K Off One Investment -The 5/50/250 Plan

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  • 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 '5/50/250 Plan', a strategy he used to generate a million dollars in net income annually through short term rentals. Bill emphasizes the importance of quality over quantity, predicting revenue to get a higher return on investment, meaning there is no need to own multiple properties. He also shares tools he uses such as Pricelabs, RankBreeze, and MarketMySTR. Bill further talks about the necessity of location, proximity, and views in choosing a property, along with the performance of such investments. He appeals to listeners to avoid compromising on the front-end underwriting process, and to learn skills like revenue management and marketing to optimize properties and improve their standings in the short term rental market. 01:00 Introduction and Welcome 01:09 The 550 250 Plan: Building a Portfolio 02:54 The Importance of Revenue Management and Marketing 03:23 Leveraging Tools for Direct Bookings 04:42 The 550 250 Plan: Property Acquisition 08:02 The 550 250 Plan: Revenue Maximization 10:40 The 550 250 Plan: Property Repositioning 12:20 The 550 250 Plan: Scaling and Growth 15:07 Conclusion and Invitation to Inner Circle 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
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