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STR Unfiltered

By: Bill Faeth
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  • Summary

  • Ready to build your Short Term Rental wealth? Learn more at: https://buildstrwealth.com/. Short Term Rentals have been a game-changer for the real estate industry. And no one knows this better than Bill Faeth. As a successful Short Term Rental Investor and Host, Bill has seen firsthand how powerful the Short Term Rental model can be. And now, he's sharing his knowledge with the world through his new podcast, STR Unfiltered. On each episode, Bill 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. Whether you're just starting in Short Term Rentals or looking to take your business to new heights, STR Unfiltered is a must-listen. So what are you waiting for? Tune in today and learn from the best in the business!
    Bill Faeth
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Episodes
  • Avoiding Buyer's Remorse

    Avoiding Buyer's Remorse
    Jun 11 2024
    Bill focuses on the rampant issue of buyer's remorse in the short-term rental and real estate industry. Bill shares insights from his 32 coaching calls, highlighting the importance of the entry point in real estate investments. He outlines the four critical components of underwriting a property: cash flow, appreciation, tax benefits, and debt paydown. Bill emphasizes the importance of due diligence and running multiple proformas to mitigate risks. He also discusses the significance of accelerated cash flow, the advantages of short-term over long-term and mid-term rentals, and the effective execution of the 550 250 plan. The episode concludes with a bonus tip on creative financing through seller credits. Join Our Masterclass to Unlock STR Wealth: https://buildstrwealth.com/innercircle [FREE Download] Unlock Your Potential with Our EXPERT Proforma: https://buildstrwealth.com/proforma 00:00 Introduction to STR Unfiltered 00:15 Buyer's Remorse in Real Estate 01:21 Four Key Components of Property Underwriting 04:10 Importance of Cash Flow 06:43 Appreciation and Its Role 10:06 Tax Benefits and Cost Segregation 11:39 Debt Pay Down Strategies 17:01 Creative Financing and Seller Credits 19:39 Conclusion and Masterclass Invitation ➡️ 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
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    20 mins
  • How to Get 5 Star Reviews

    How to Get 5 Star Reviews
    Jun 4 2024
    Bill delves into the importance of obtaining five-star reviews for short-term rentals. He shares a comprehensive strategy for ensuring great reviews through proactive communication, exemplary hospitality, and timely follow-up. He emphasizes the critical role of initial interactions, response speed, and personalized touchpoints like charcuterie boards and discounts. Bill also highlights the nuanced differences between platforms like Airbnb and VRBO in soliciting reviews and underlines the significance of sustained guest rapport to maximize review ratings. www.buildstrwealth.com/dticalculator 00:00 Introduction to STR Unfiltered 00:22 The Importance of Five-Star Reviews 00:30 Strategies for Getting Reviews 02:46 Handling Guest Issues Effectively 05:12 The Checkout Process and Review Timing 08:27 Final Tips for Maximizing Reviews 11:06 Conclusion and Sign-Off ➡️ 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
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    11 mins
  • What It's Really Like To Be An Airbnb Host

    What It's Really Like To Be An Airbnb Host
    May 28 2024
    Bill emphasizes treating short-term rentals as a business rather than a casual endeavor for it to be successful. He recounts his initial struggles with property management companies and how taking a self-managed, business-focused approach drastically improved his operations. Bill discusses the importance of self-management, mastering revenue management and off-platform marketing, and the critical role of automation in managing properties efficiently. He highlights his journey from purchasing his first property in Gulf Shores, Alabama, to owning and co-hosting 24 properties across various U.S. locations. Bill delves into the details of operational efficiency, from handling guest communications and cleaning crews to implementing standard operating procedures (SOPs) and leveraging technology for property management. The episode also covers the significance of proper investment analysis and the potential impact of technology, like AI chatbots, on saving time and improving guest experience. Bill concludes with advice on setting up short-term rental operations for success, emphasizing process documentation, technology use, and the importance of a solid setup from the start. Sign Up for Our STR Host Academy: https://www.strhostacademy.com/hostacademy [FREE Download] Unlock Your Potential with Our EXPERT Proforma: https://buildstrwealth.com/proforma 00:00 Welcome and Introduction to STR Unfiltered 00:27 The Business Mindset for Short-Term Rentals 01:06 From First Property to a Portfolio: A Personal Journey 02:31 The Importance of Self-Management and Skills in STR Success 03:12 Leveraging Automation and Technology in STR Management 04:05 Building a Super Portfolio: Property Locations and Management Insights 06:18 Operational Excellence: SOPs, Hiring, and Training 06:45 Navigating Challenges and Solutions in STR Management 11:17 The Future of STR Communication and Market Selection Strategy 13:31 Closing Thoughts and Call to Action ➡️ 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
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    14 mins
Leadership Economics Personal Finance Personal Success
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Excited to find you on audible Bill. Looking forward to the weekly podcast! I’m committed to showing up!

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