Bill Faeth Unfiltered

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

https://go.buildstrwealth.com/movetheneedle

Bill walks listeners through the challenges that short-term rental property owners will face in 2024, identifying seven key components to address: Market Saturation, Market Selection, The Kardashian Effect, Budget, Pricing Strategies, Debt Control, and Proforma Use. Faye emphasizes the importance of unique amenities, competitive pricing, and efficient property setup. Additionally, he advises on prudent financial management and the strategic timing of property investments to ensure long-term success. Tune in for actionable insights to enhance your short-term rental investments.

stayfi.com/bill

Discount code: BILL

Unlock Your Potential with Our EXPERT Proforma: https://buildstrwealth.com/proforma

Bootcamp Tour: https://go.buildstrwealth.com/tour

00:00 Introduction to STR Unfiltered

00:16 Revolutionary Product: StayFi

01:50 Meet Your Host: Bill Faith

02:45 Challenges in 2024 and Solutions

03:39 Market Saturation and Selection

13:17 The Kardashian Effect in Property Marketing

18:25 Budgeting for Success

20:19 Effective Pricing Strategies

22:23 Managing Debt and Investment Strategies

25:04 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 sits down with Erik Courson from STR Tech Talk to discuss essential technology and automation tips for short-term rental hosts. They dive into the importance of getting hands-on experience before adopting advanced platforms like OwnerRez, the value of mobile experience, and the critical role of guest messaging. Erik shares insights on using platforms such as Hospitable for better messaging management, integrating AI for optimizing pricing, and the importance of learning from communities. Practical advice is given for both beginners and more experienced hosts on leveraging technology to improve hosting capabilities.

stayfi.com/bill

Discount code: BILL

Bootcamp Tour: https://go.buildstrwealth.com/tour

00:00 Welcome to STR Unfiltered with Erik Courson

00:24 Starting with Technology in STR

01:44 Mobile vs. Laptop for STR Management

02:33 Importance of Guest Messaging

05:20 Advanced Automations and AI in STR

08:09 Building Custom Reports and Dashboards

09:00 Advice for Experienced Hosts

09:30 The Value of Community and Learning

10:46 Closing Remarks and Community Shoutout

➡️ 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 Avery Carl, a renowned expert in short-term rentals, discusses her preparations for the New York Marathon, balancing family life with professional responsibilities, and her approach to real estate investments. They touch upon the current state of the real estate market, including the best strategies for buying and selling properties amidst high interest rates and market fluctuations. Avery shares her personal investment experiences, emphasizing the importance of diversifying portfolios and learning from mistakes.

stayfi.com/bill

Discount code: BILL

Bootcamp Tour: https://go.buildstrwealth.com/tour

00:00 Introduction to STR Unfiltered

00:16 Revolutionizing Bookings with StayFi

01:55 Avery Carl's Marathon Training Journey

03:50 Balancing Parenthood and Professional Life

07:24 Deep Work and Time Management Strategies

10:05 Current Real Estate Market Insights

20:18 Exploring Small Property Investments

20:43 Ski Property Ventures and Challenges

21:11 Invitation to Ski and Snowboarding Boot Camp

21:55 Market Saturation and Investment Strategies

23:47 Details on One Bedroom Property

26:03 Diversification in Real Estate Investments

30:54 Challenges with Cash Flow Focused Investments

34:33 Lessons from Real Estate Failures

40:05 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 sits down with Jake Cohen, a top revenue manager, who provides insights on effective revenue management strategies post-COVID. Topics include the importance of market data, PriceLabs Market Research Report, listing optimization, and manual versus automated pricing adjustments. Jake also emphasizes the necessity of regular data review and offers free consultations to enhance revenue management.

stayfi.com/bill

Discount code: BILL

https://www.stepbystepbnb.com/

Bootcamp Tour: https://go.buildstrwealth.com/tour

➡️ 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

Ryan Bakke's Tax Prep: https://retaxprep.com/apply?am_id=billfaeth2205

Bill is joined by Ryan Bakke, a key team member and expert in financial and tax planning. They discuss critical steps for financial stability, including establishing an emergency fund, leveraging 401k matches, calculating the financial independence number, and strategically investing in real estate. Ryan also introduces a new affordable tax preparation program designed for real estate investors. The episode wraps up with insights on the importance of proper tax planning and financial management to avoid costly mistakes and optimize returns.

stayfi.com/bill

Discount code: BILL

https://buildstrwealth.com/innercircle

Bootcamp Tour: https://go.buildstrwealth.com/tour

➡️ 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