Super Grader: https://go.buildstrwealth.com/superpropertygrader

Proforma: https://buildstrwealth.com/proforma

Bill breaks down invaluable insights and tips on short-term rental property investments to avoid common pitfalls and optimize your returns. Drawing from real-world examples and personal experiences, the episode covers crucial strategies such as avoiding market-wide investments, focusing on specific properties, analyzing sub-markets by bedroom count, understanding entry costs, utilizing creative financing, and leveraging tax benefits. It also highlights the importance of cash flow, appreciation, debt pay-down, and tax incentives while making investment decisions. Lastly, the host shares practical tools like the 'super grader' method for evaluating potential property investments effectively.

00:00 Introduction to Rental Property Investing

00:08 Common Mistakes in Real Estate Investing

01:11 Importance of Bedroom Count in Property Investment

02:32 Barrier to Entry Costs

04:19 Creative Financing Strategies

05:57 Investing in Condos

07:26 Four Pillars of Real Estate Investment

10:16 Return on Equity Audit

14:12 Super Grader and Performance Metrics

15:50 Conclusion and Final Tips

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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.

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Bill sits down with Tony Stancato, a successful entrepreneur in the property management space known for his effective use of LinkedIn. Tony reveals that Justin Welch's course motivated him to post consistently on LinkedIn for 90 days, which resulted in surprising traction and client engagements. Building on his social media success, Tony quit his W2 job the day before attending the STR Wealth Conference and transitioned full-time into short-term property management, quickly growing his company. The conversation then shifts to Tony's latest business move: purchasing and revitalizing a multi-unit boutique motel in Northern Michigan. Despite initial delays in the renovation due to contractor availability, Tony remains optimistic. He emphasizes the importance of adapting operations, including experimenting with cloud-based management software like Cloudbeds while considering alternatives like Muse. Tony discusses the motel's strategic location, competitive pricing, and future plans. Bill and Tony dive into advanced revenue management strategies, highlighting the benefits of one-night minimum stays. Tony also shares insights on structuring property deals to maximize NOI and using versatile tech stacks for motel management. Overall, Tony's journey showcases the rewards and challenges of moving from traditional short-term rentals to the complexities of running a boutique motel.

00:00 Introduction and Guest Welcome

00:14 The Power of LinkedIn for Business

01:22 Consistency and Engagement on LinkedIn

05:20 Exploring the Motel Acquisition

07:31 Challenges in Renovation and Management

16:50 Property Management and Tech Stack

27:17 Future Plans and Closing Remarks

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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.

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Bill is joined by Micheal Burt, a legendary high school basketball coach turned business coach, at the Greatness Factory in Nashville, Tennessee. Burt shares his journey from starting as a basketball coach at 15 to becoming the 'Super Coach,' a title given to him by Grant Cardone. He discusses his coaching philosophy, which includes integrating psychological principles from Stephen Covey's works into his coaching methods. Burt emphasizes the importance of intensity, persistence, and the 'prey drive'—a term he uses to describe the drive to succeed. He also shares his early life experiences, being raised by a single mother and learning valuable lessons from coaches who became his mentors. Both Burt and Faith reflect on their own paths and the concept of finding one's purpose early in life. They also discuss the importance of having a coach and the value of long-term mentorship and exposure to high achievers. Burt talks about the challenges he faced in the business world, like being kicked out of his initial Greatness Factory venue, which taught him the importance of owning assets. He also describes how to convert one's skills and potential into real success through proper vehicles and environments. Faith highlights the significance of immersive experiences at smaller, intimate events for true transformation. The episode concludes with Burt sharing how to engage with his coaching programs and upcoming speaking events, emphasizing the long-term benefits of continuous learning and mentorship.

https://www.coachburt.com/

www.instagram.com/michealburt/

00:00 Welcome to Bill Faith Unfiltered

00:02 Introducing the Greatness Factory

00:38 Meet Super Coach Micheal Burt

01:38 Micheal Burt's Coaching Journey

04:12 The Making of a Championship Coach

08:40 Transitioning to Business Coaching

13:43 Unlocking Potential with Prey Drive

15:21 Building the Greatness Factory

20:49 Entrepreneurial Spirit and Boldness

23:52 The Power of Manifestation

24:24 Creating a Culture of Trust and Purpose

24:45 The Importance of Environment and Surroundings

25:10 Building Deep Relationships

30:55 The Language of Winning

33:01 The Success Cycle vs. The Sewer Cycle

34:30 The Value of Proximity and Immersive Experiences

35:39 The Journey to Mastery

39:02 The Importance of Seizing Opportunities

48:00 Final Thoughts and Contact Information

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Rescue Ready Ladder - https://berescueready.com/

In this episode of Bill Faeth Unfiltered, Bill welcomes Justin Ford from Breezeway to discuss the critical subject of safety in short-term rentals. The two share their common interests in skiing and snowboard, but the conversation quickly focuses on aspects of property safety, fueled by Ford's expertise. Ford is noted for his dedication to improving safety standards in the short-term rental industry and recounts their first significant interaction during one of Bill's mastermind meetings where Ford conducted a detailed safety inspection of a newly-built 12-bedroom property. This inspection revealed numerous missed safety issues, including fire hazards and the improper placement of safety equipment, emphasizing the often-overlooked aspect of urgency in getting properties ready for guests. As the episode progresses, Ford discusses the disturbing reality that most properties are not adequately prepared for emergencies, mentioning that only 2 percent of markets have stringent safety regulations. The episode highlights common mistakes made by hosts, such as the misplacement of fire extinguishers, lack of smoke alarms, inadequate lighting, and the dangers posed by improperly set up grills. Ford also explains the concept of 'vacation brain,' noting that guests often neglect safety precautions while on vacation, leading to an increased risk of accidents. The conversation covers practical solutions, such as installing fire extinguishers in visible locations, ensuring proper lighting, and using child safety locks. Ford also shares insights from his time in the U.S. Coast Guard and as a firefighter, underscoring the importance of proactive safety measures. He stresses the use of escape ladders and the newly available safety products like battery-operated outlet covers with motion sensors. Additionally, the episode touches on the financial implications of ignoring safety regulations, citing examples from Gatlinburg where property owners face costly upgrades due to new safety laws. Ford reveals that safety can serve as a vital marketing tool, and it is significantly underutilized in the industry. Overall, the episode is a comprehensive guide on enhancing the safety of short-term rental properties, offering hosts actionable advice and insights from an industry expert. It concludes with an invitation for listeners to attend Ford's upcoming session at the STR Wealth Conference and to follow him for more safety tips.

00:00 Justin Ford Introduction

00:34 Mastermind Meeting and Property Safety

02:11 The Importance of Safety in Short-Term Rentals

04:12 Justin Ford's Background and Safety Course

13:12 Vacation Brain and Setting Up Safe Properties

18:11 Real-Life Safety Stories

18:40 Marketing Safety in Short-Term Rentals

21:17 Safety Regulations and Challenges

24:57 Grill Safety Tips

28:13 Lighting and Safety Features

33:14 Final Thoughts and Upcoming Events

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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.

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

In this episode of Bill Faeth Unfiltered, Bill is joined by Tyler Coon of Savvy Realty at the Savvy Summit to discuss the concept of seller credits in real estate transactions. Bill highlights his extensive experience with seller credits, having secured over $2.2 million in credits, which contributed significantly to building his $20 million real estate portfolio. Tyler, praised as the 'King of Seller Credits' for his expertise on the agent side, shares insights on how buyers and agents can effectively negotiate and utilize seller credits. Bill recounts a successful transaction where Tyler helped him secure a $65,000 seller credit on a $1.6 million property in Banner Elk, North Carolina. They also discuss a more recent transaction where Bill obtained a $150,000 seller credit on a $3 million property in Montana. The conversation delves into the confusion surrounding traditional concessions versus seller credits and the necessity for agents to understand the difference and how to negotiate them. Tyler explains the steps involved in executing seller credits, emphasizing the importance of having a separate addendum outside the main contract. They provide examples of how seller credits can substantially improve cash on cash returns and property appreciation. The discussion also covers the importance of working with knowledgeable agents who can navigate complex transactions and have experience with seller credits. Bill advises viewers to ask prospective agents about their experience with seller credits and underscores that integrity and thoroughness are crucial traits in an agent. The episode concludes with a reminder that mastering seller credits can be pivotal in optimizing real estate investments.

https://www.marketmystr.com/

00:00 Introduction and Welcome

00:10 Introducing Tyler Coon and Seller Credits

00:41 The Importance of Seller Credits

01:28 How to Handle Seller Credits

02:49 Types of Seller Credits

04:39 Executing Seller Credits

05:33 Common Misconceptions and Legalities

08:34 Negotiation Strategies

10:29 Choosing the Right Agent

12:08 Conclusion and Final Thoughts

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• 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.

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Bill speaks from the Hatley Pointe Ski Resort in North Carolina, recounting his recent ski vacation in Montana with his wife. He attends the Savvy Summit hosted by Tyler Coon and discusses his exploration of investment opportunities in newly developed ski resorts. Bill considers purchasing 165 acres with ski runs and a lodge, during which he plans to gain insights from the resort owners about their investment journey. He explains the importance of understanding hurdles, costs, and unexpected issues in such investments. Transitioning the focus to real estate investing, Bill emphasizes the fundamental components of successful short-term rental investments: cash flow, appreciation, debt paydown, and tax benefits. He discusses tools like STR Insights and AirDNA for benchmarking and elaborates on his performance analysis approach. He also touches on the significance of credit and loan qualification, drawing from his personal experience with commercial loans for a hotel acquisition. Bill shares his proactive strategy of meeting quarterly with tax consultants and his stance against zeroing out income to maintain bankability. He encourages a systematic approach to analyzing comps and adapting pricing to move from a beginner to an advanced investor. Bill wraps up by promoting his Facebook group and urging listeners to engage with his content on YouTube and podcast platforms.

Super Property Grader: https://go.buildstrwealth.com/superpropertygrader

https://www.marketmystr.com/

Join Our Facebook Group: https://www.facebook.com/groups/284886002732508

00:00 Welcome to Bill Faeth Unfiltered

00:03 Introduction to Hatley Pointe Ski Resort

00:53 Real Estate Investment Insights

03:43 Key Components of Short-Term Rental Investments

07:25 Analyzing Market and Property Performance

08:55 Tax Benefits and Financial Planning

13:26 Recap and Final Thoughts

15:04 Join the Community and Subscribe

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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.

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In this episode of Bill Faeth Unfiltered, Bill discusses the five most important lessons he's learned throughout his career. Starting at age 19 and now approaching a billion dollars in sales, he shares not only his successes but also his mistakes. The first lesson emphasizes the importance of having an intimate relationship with financials, inspired by his mother who managed a preschool. The need for accuracy and timeliness in financial management, such as completing P&Ls by the start of each month, is stressed. The second lesson underscores the significance of ensuring there's a real need for your product or service, and differentiating it in a saturated market. Market research and unique positioning are crucial. The third lesson focuses on hiring principles, particularly prioritizing qualities and compatibility over skill, emphasizing tools like DISC profile tests. The fourth lesson is about the critical role of speed in decision-making and execution, particularly in times of crisis like COVID-19. Swift pivoting and rapid response are cited as keys to survival and success. The fifth lesson revolves around developing and continually updating your unique value proposition, which addresses customer problems with solutions that set your business apart. Using diverse pricing models and understanding different buyer types are part of this strategy. Overall, Bill offers actionable advice to help viewers avoid common pitfalls and enhance their own business practices.

https://www.marketmystr.com/

00:00 Introduction: 32 Years of Entrepreneurial Lessons

01:07 Lesson 1: Financial Intimacy

05:43 Lesson 2: Market Need and Differentiation

08:55 Lesson 3: Effective Hiring Strategies

12:03 Lesson 4: The Importance of Speed

18:24 Lesson 5: Unique Value Proposition

25:10 Conclusion: Key Takeaways and Final Thoughts

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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.

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Bill sits down with Jeff Hampton to discuss his new book, 'The Investor's Blueprint to Asset Protection Made Simple,' highlighting its approachable language and practical advice. The discussion emphasizes the importance of asset protection as wealth increases, covering topics such as lawsuits, LLC structures, and the Corporate Transparency Act. Jeff explains how the Anderson model of asset protection and other traditional strategies may fall short, advocating for a layered approach combining LLCs, holding companies, limited partnerships, and insurance. They delve into common misconceptions about asset protection, stressing the need for LLCs in suitable states and the advantages of holding companies in jurisdictions like Wyoming, Delaware, and Texas. Jeff also highlights the often-overlooked importance of comprehensive insurance coverage, including premises liability, all-risk coverage, and loss of income protection. Furthermore, Jeff provides insights into the Corporate Transparency Act, which mandates federal filing of personal information for LLC owners and its current legal challenges, noting that filing is not currently mandatory. The conversation wraps up with the role of tax strategies in real estate investing, emphasizing collaboration between attorneys and CPAs like Ryan Bakke. Bill underscores the value of having knowledgeable professionals like Jeff Hampton for legal and tax advice, advocating for proactive measures in asset protection and comprehensive risk mitigation. The episode provides a masterclass for investors on crucial legal and insurance details, urging proactive preparation to safeguard assets efficiently.

00:00 Introduction and Welcome

00:55 Introducing Jeff Hampton and Asset Protection

01:38 The Importance of Asset Protection

02:18 Jeff's Journey and Expertise

04:44 Understanding Asset Protection Strategies

11:26 Legal Nuances and State Laws

19:28 Insurance and Risk Management

25:26 Understanding Rental Insurance Exclusions

26:01 Risk Mitigation for High-Risk Assets

26:52 The Importance of Insurance Alignment

28:10 Key Insurance Coverage Areas

30:37 Navigating Loss of Income Policies

32:45 Tax Strategies for Real Estate Investors

38:31 The Corporate Transparency Act Explained

44:03 Final Thoughts and Resources

https://www.marketmystr.com/

https://www.youtube.com/channel/UCmirrHkHQfIKR_WCbiCydJg

https://www.instagram.com/jeffhamptonstrlaw/

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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.

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Bill outlines the top five markets that real estate investors, particularly those focused on short-term rentals, should avoid in 2025. Drawing from his extensive experience with a $22 million portfolio and 71 short-term rental acquisitions since 2015, Bill emphasizes the importance of eliminating unsuitable markets to avoid 'paralysis by analysis.' He recommends avoiding California, the Poconos, Myrtle Beach, 30A in Florida, and the Texas coast due to high costs, regulation issues, and saturation. Instead, he suggests considering tertiary markets like Gulf Shores, Outer Banks, Banner Elk, and parts of Mississippi and Alabama for better cash flow and investment opportunities. Bill also introduces his Super Property Grader tool to aid in property analysis and decision-making. He advises focusing on cash flow, appreciation, debt paydown, and taxes when selecting properties and highlights the importance of having a detailed, data-driven approach. For more detailed market insights and the Super Property Grader tool, viewers are encouraged to subscribe and follow his content.

Super Property Grader - https://go.buildstrwealth.com/superpropertygrader



https://www.marketmystr.com/

00:00 Introduction: Avoid These 5 Markets in 2025

00:29 Meet Bill Faith: Your Real Estate Guide

00:51 The Importance of Market Elimination

02:32 Why You Need the Super Property Grader

03:23 Top 5 Markets to Avoid

05:18 Market #1: California

06:35 Market #2: The Poconos

08:29 Market #3: Myrtle Beach

10:56 Market #4: 30A

13:08 Market #5: Texas Coast

17:24 Conclusion: Smarter Investments with the Right Tools

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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.

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Couple’s Retreat - https://go.buildstrwealth.com/montanacouples

Bill and his wife, Brea, discuss the importance of alignment in both personal life and investment strategies. The couple recounts their early misalignments and how their journey into real estate investments, specifically short-term rentals, brought them closer. They share their first significant investment in a beautiful beach house in Seaside, Florida, and their subsequent realization that they could not afford the 30A market. They opted for a more affordable investment in Gulf Shores, Alabama, which became a pivotal learning experience. They emphasize the need for clear criteria when selecting properties, sharing Brea's three must-haves: seeing, hearing, and smelling the ocean. The couple also talks about their experiences with property management companies, detailing their failures and eventual success after taking over management themselves. They highlight the importance of continuous education and alignment on financial goals. Their investment journey includes significant milestones such as their first investment property Bella Vista, and their biggest investment in Banner Elk, North Carolina. They discuss their practical strategies, including leveraging interest-only loans and maintaining a principal account. The couple also touches on the emotional aspects of selling beloved properties to reinvest for better financial returns. The episode concludes with an invitation to their upcoming couples retreat in Whitefish, Montana, aimed at helping couples align their personal and financial goals while enjoying a unique and intimate setting.

00:00 Introduction to Alignment in Investing and Personal Life

00:24 Starting the Journey: Early Misalignments

00:36 Discovering Short-Term Rentals

01:32 First Investment Challenges and Lessons

04:30 Taking Control: Self-Management

05:49 The Importance of Alignment in Investments

10:43 Smith Lake Investment and New Strategies

12:52 Banner Elk: A New Opportunity

15:18 Financial Understanding and Emotional Growth

22:24 The Power of Alignment in Personal and Professional Life

25:58 Invitation to Couples Retreat

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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.

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