Bill welcomes Matt Porcaro, creator of the 203K Way. Matt transitioned from corporate America to full-time real estate investing, starting with a 3.5% FHA loan and turning $9,500 into $130,000 in equity. He dives into the details of the 203K Way, an FHA loan program that allows for purchasing and renovating properties with minimal down payment. Matt shares his journey from working as an engineer in New York City to discovering this lesser-known, government-backed financing tool, which enabled him to buy a duplex and accumulate significant equity. He emphasizes the importance of owner-occupancy and leveraging low down payment opportunities as a beginner. Despite facing challenges, including long commutes and dissatisfaction with his corporate job, Matt persisted and found success in real estate. The discussion also touches on refinancing strategies, the role of mortgage insurance, and the benefits of house hacking. Matt reveals his current portfolio, flipping houses for active income and holding properties for long-term gains. He provides insights into current market trends, the impact of political uncertainty, and the emergence of accessory dwelling units (ADUs) as a solution to the housing shortage. The episode concludes with a focus on the future of real estate investing and the importance of flexibility and resilience in one's strategy. The host encourages listeners to follow Matt's journey through his coaching program and Instagram, emphasizing the value of the 203K loan as a critical tool for real estate investors.

stayfi.com/bill

Discount code: BILL

https://www.marketmystr.com/

➡️ 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

Bill sits down with John Hildebrand, an expert in short-term rentals and an advocate with extensive experience in managing and co-hosting properties. They dive into pressing regulation issues in Scottsdale, discussing capacity constraints and advocacy efforts, including the formation of the Arizona for Responsible Tourism organization. John shares his journey, including his history in photography and his passion for building and renovating homes. They talk about the challenges of finding the right partners and properties in a saturated market and the importance of innovative revenue management. Both emphasize the value of personal connection, honesty, and the importance of a supportive community in the short-term rental industry. John outlines his future goals of expanding his property portfolio and potentially buying land in mountain regions like Flagstaff. They also discuss the significance of adopting advanced technology and VAs in managing properties efficiently. Bill and John conclude by encouraging new hosts to find their tribe, embrace honest communication, and never hesitate to seek help from the community.

stayfi.com/bill

Discount code: BILL

https://www.marketmystr.com/

00:00 Introduction to Bill Faeth Unfiltered

00:14 Revolutionary Product: StayFi

01:47 Special Guest: John Hildebrand

02:13 Scottsdale Regulations and Advocacy

03:48 The Importance of Statewide Advocacy

04:56 John's Journey into Advocacy

06:15 Building Arizona for Responsible Tourism

07:26 Challenges and Successes in Advocacy

11:42 Transition to Hilled Homes

11:51 John's Business and Property Management

16:58 Optimizing Property Performance

18:56 Tech Stack and Time Management

21:00 Planning the Ski Season

21:14 Backcountry Adventures and Mastermind Meetings

22:18 Importance of Systems and VAs

22:44 Balancing Business and Personal Life

23:36 Airbnb Ambassador Journey

25:03 Coaching and Mentorship

26:19 Real Estate and Personal Background

27:09 Super Skills and Weaknesses

28:32 Biggest Risks in the Industry

29:29 Future Plans and Investments

31:57 Revenue Management and Competition

35:05 Communication and Accountability

37:27 Finding Your Tribe and Networking

38:36 Overcoming Inferiority Complex

41:32 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

Bill welcomes Ryan Bakke, a tax strategist, who discusses essential tax-saving strategies for entrepreneurs, property owners, and real estate investors. Ryan emphasizes the importance of proper bookkeeping and having a CPA for effective tax planning and minimizing audit risks. They discuss using quarterly meetings with CPAs for accurate tax estimates and prepaying taxes to avoid penalties. Ryan explains the value of paying children for business tasks, contributing to their Roth IRAs, and ensuring proper documentation for IRS compliance. The duo also highlights the benefits of cost segregation studies to offset W2 income for STR owners who meet material participation requirements. They stress the importance of planning and executing tax strategies before the end of the fiscal year. Ryan gives actionable advice on prepaying for business expenses and leveraging retirement accounts. You don't want to miss this episode!

stayfi.com/bill

Discount code: BILL

https://www.marketmystr.com/

00:00 Introduction to Bill Faeth Unfiltered

00:14 Revolutionary Product: StayFi

01:10 Exclusive StayFi Offer

01:47 Meet Tax Expert Ryan Bakke

02:31 Tax Strategies for Business Owners

03:35 Importance of Proper Bookkeeping

06:52 Prepaying Estimated Taxes

10:09 Solo 401k and Retirement Planning

16:27 Paying Your Kids: The Ultimate Tax Hack

20:42 Cost Segregation Strategies

25:12 Conclusion 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 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

Bill welcomes Sam Rubin, the founder of the top luxury concierge service, DONE Concierge Service, based in Park City. Sam shares his journey from the restaurant business and email marketing in Huntsville, Alabama, to managing a high-end ground transportation company and luxury concierge service. Sam discusses the importance of exceptional guest services, such as personalized grocery deliveries and transportation, and how they can elevate short-term rental experiences. He emphasizes the value of building relationships over transactions and offers practical tips for property managers to implement similar services. The episode also highlights how these premium services can transform guest impressions and lead to increased bookings and revenue.

stayfi.com/bill

Discount code: BILL

https://www.marketmystr.com/

00:00 Introduction to Bill Faeth Unfiltered

00:14 Revolutionizing Bookings with StayFi

01:10 Exclusive Offer: 50% Off StayFi

01:50 Special Guest: Sam Rubin

02:41 Sam Rubin's Journey to Park City

08:03 From Uber Driver to Luxury Transportation

11:03 Navigating COVID with Tony Hsieh

15:29 Expanding Services with Abode

18:16 Launching DONE Concierge Services

19:39 Catering and Family Meals for Large Groups

20:15 The Importance of Connections in Service Delivery

21:30 Enhancing Guest Experience with Personalized Services

22:11 Innovative Grocery Delivery Solutions

27:13 The Impact of First and Last Impressions

29:29 Starting Concierge Services: Tips and Advice

31:21 Monetizing Additional Services

37:07 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 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

https://www.marketmystr.com/

https://go.buildstrwealth.com/movetheneedle

Bill explores the power of email marketing to increase direct bookings for short-term rental properties. He shares practical strategies including leveraging tools like StayFi for email capture and Market My STR for comprehensive marketing automation. Bill emphasizes the importance of building a 200-day email funnel to foster repeat bookings and discusses how integrating personalized content and multiple communication channels can enhance guest loyalty. He also offers insights into using research tools like ChatGPT and Jasper.ai for creating effective marketing content. The episode provides actionable steps to turn short-term rental businesses into profit-generating and future-proofed ventures.

stayfi.com/bill

Discount code: BILL

00:00 Introduction to Email Marketing for Short-Term Rentals

00:17 The Power of Repeat Bookings

00:54 Email Marketing: The Key to Direct Bookings

01:20 Tools for Effective Email Marketing

01:58 Building a 200-Day Email Funnel

03:16 Using AI for Research and Copywriting

05:58 Content Strategy for the 200-Day Funnel

13:28 Personalization and Automation

16:03 Conclusion and Next Steps

➡️ 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

https://go.buildstrwealth.com/movetheneedle

MarketMySTR: https://www.marketmystr.com/

Co-hosting Business Masterclass: https://buildstrwealth.com/cohost

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

In this episode you'll learn how to break into the Airbnb business without owning a property by becoming a co-host. Bill explains the process, addressing common questions about co-hosting, required skills, and how to make money. He contrasts co-hosting with the riskier Airbnb arbitrage model and provides insights on how to manage and profit from co-hosting ethically. By the end, viewers will have actionable steps to start their short-term rental journey, including marketing strategies and scaling tips to make significant income without upfront investment.

stayfi.com/bill

Discount code: BILL

00:00 Introduction to Starting Airbnb with No Money

00:11 Why Co-Hosting is the Best Option

01:00 The Pitfalls of Arbitrage

02:16 Understanding Airbnb Co-Hosting

03:13 Transparency in Co-Hosting

05:19 Financial Setup and Scaling

08:22 Maximizing Earnings and Scaling Up

13:05 Targeting High-End Markets

14:24 Building a Brand and Acquiring Clients

19:52 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

https://go.buildstrwealth.com/movetheneedle

Bill welcomes Brianna Chavis, a resilient co-host in the short-term rental (STR) industry. Brianna shares her remarkable journey overcoming significant adversities, including losing her home to a fire and enduring hurricane damages. The discussion highlights her transition from real estate investing to co-hosting to recover financially, underscoring the importance of resilience, safety measures, and proper insurance coverage. Brianna's experiences offer valuable lessons in reviewing insurance policies, ensuring adequate coverage, and the financial implications of policy changes. The episode also emphasizes the strength in community and gratitude towards mentorship. Listeners are encouraged to subscribe for more insightful content.

stayfi.com/bill

Discount code: BILL

00:00 Introduction and Event Promotion

00:53 Meet Brianna Chavis: A Story of Resilience

01:44 The Day Everything Changed

04:44 Insurance Woes and Lessons Learned

10:18 Navigating Post-Disaster Challenges

11:15 Building a Co-Hosting Business

11:42 Financial Struggles and Survival

12:32 Fire Safety and Property Management

14:36 Success Stories and Case Studies

16:29 Overcoming Natural Disasters

17:20 Lessons Learned and Future Plans

19:29 Final Thoughts and Gratitude

➡️ 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

https://go.buildstrwealth.com/movetheneedle

Bill sits down with Austin Palacios, a wealth manager turned short-term rental investor, to discuss his journey into the rental market and the establishment of his Airbnb property management business in Southern Florida. The conversation reveals strategies for managing and scaling a property portfolio, particularly focusing on high-revenue, luxury properties with pools. Key insights include effective customer acquisition, building authority in a single market, and leveraging inbound marketing. Practical advice such as maintaining a manageable number of properties, using Zoom consultations, and integrating sales and marketing efforts is shared. The importance of building trust and demonstrating value before pitching is emphasized, with further guidance on avoiding common mistakes and ensuring consistent follow-up with potential clients.

stayfi.com/bill

Discount code: BILL

00:00 Welcome to STR Unfiltered with Bill Faith and Austin Palacios

00:37 Austin's Journey from Wealth Management to Real Estate

01:41 Diving into the Co-Hosting Business

02:49 Challenges and Learning in Property Management

06:01 Exploring Austin's Property Portfolio

09:53 Customer Acquisition Strategies in Co-Hosting

10:55 Lead Generation Strategies

11:23 Sales and Marketing Integration

11:42 Building a Top Airbnb Portfolio

12:16 Effective Co-Hosting Techniques

13:21 Scaling and Managing Properties

15:26 Mastering Sales Calls

17:15 Inbound Marketing and Value Addition

20:55 Final Thoughts and Key Takeaways

➡️ 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

https://go.buildstrwealth.com/movetheneedle

Bill discusses the critical importance of evaluating real estate agents when purchasing property. He outlines four essential criteria every agent must meet, highlighting the necessity of running your own numbers and underlining the pitfalls of relying solely on agents' calculations. Bill shares his experiences with top agents such as Avery Carl and Tyler Coon, emphasizing the significance of an agent's experience and their involvement in the short-term rental market. He stresses the importance of agents speaking the industry lingo and owning short-term rentals themselves, providing insights into the best practices for property investment. Bill concludes with advice on focusing on strategic property deals rather than just large-scale investments.

stayfi.com/bill

Discount code: BILL

00:00 Introduction to STR Unfiltered

00:05 Why You Shouldn't Trust Your Real Estate Agent

00:52 The Importance of Running Your Own Numbers

04:37 Using Data Tools for Accurate Projections

06:03 The Significance of STR Sales Experience

08:11 Speaking the STR Lingo

09:43 The Value of Agent Ownership

10:55 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 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

https://go.buildstrwealth.com/movetheneedle

Bill outlines a comprehensive guide to becoming the number one property in your market by focusing on location, views, proximity, unique amenities, and guest-centric design. With specific examples from successful properties, it highlights the importance of a best location that cannot be replicated, ensuring top views, proximity to desired attractions, and offering distinctive amenities. The focus is also on designing for an ideal guest persona, such as 'Wealthy Wendy,' to create an appealing and marketable property. BIll concludes with three bonus strategies, including buying properties wisely, innovating with unique amenities, and leveraging a strong guest profile.

stayfi.com/bill

Discount code: BILL

00:00 Introduction: Becoming the Top Property in Your Market

00:24 Tip 1: Best Location

02:19 Tip 2: Top Views

04:50 Tip 3: Proximity

06:40 Tip 4: Unique Amenities

10:38 Tip 5: Design for Your Ideal Guest

11:37 Bonus Tips for Success

14:25 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 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