Bill Faeth Unfiltered

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

Bill is joined by Tyler Coon from Savvy Realty. They discuss Tyler's rapid business expansion into multiple more markets over less than two years due to client demand and hiring a director of expansion. Key topics include leveraging strengths, outsourcing weaknesses, effective communication through DISC testing, and evaluating STR market potential in various U.S. regions. They also delve into recent changes in NAR regulations and their impact on buyers, sellers, and real estate agents, along with advice on navigating fluctuating interest rates and the investor market. The episode wraps up with Tyler sharing insights on maintaining effective real estate transactions and the importance of keeping diligent market watch during peak STR buying seasons.

stayfi.com/bill

Discount code: BILL

https://buildstrwealth.com/cohost

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

Bill shares his extensive experience in generating significant revenue through co-hosting. He outlines an effective sales process tailored for the Short-Term Rental (STR) market, emphasizing targeted lead generation over traditional mass-appeal methods. Bill discusses the importance of selecting high-value properties, leveraging sales strategies from other industries, and provides a detailed step-by-step guide for closing deals. He also stresses the significance of understanding objections, having a strong follow-up process, and ensuring both decision-makers are involved in sales discussions. Full of practical tips and insights, this episode offers a comprehensive blueprint for anyone looking to maximize their income as a co-host.

stayfi.com/bill

Discount code: BILL

https://buildstrwealth.com/cohost

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

Bill welcomes special guest Paula Blankenship, a successful entrepreneur with a rich history in the furniture and paint industries. Blankenship shares her journey from growing up in Tennessee with entrepreneurial parents to creating the 23rd largest paint company in North America. She discusses the importance of vertical integration, the challenges faced during economic downturns, and her groundbreaking product, All-In-One Paint. Blankenship's story is filled with invaluable lessons on resilience, innovation, and the critical mindset needed to succeed in any business. Her insights on simplifying processes, inventory management, and focusing on the next best move provide a masterclass in entrepreneurship. This episode offers a wealth of knowledge for business owners and aspiring entrepreneurs alike.

stayfi.com/bill

Discount code: BILL

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

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

Bill emphasizes the importance of uniqueness in real estate investments. He criticizes the impatient and reckless approach of current buyers who are not properly underwriting properties. Bill shares personal experiences with his unique properties, detailing how these distinct features provide competitive advantages and higher returns. He also offers insights on avoiding common pitfalls, like overdesigning, and stresses the importance of continuous practice in underwriting and market research. Bill concludes by highlighting the value of specific tools for identifying promising investments and invites listeners to subscribe for more expert real estate advice.

stayfi.com/bill

Discount code: BILL

➡️ 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 Faith and guest Emile Sahkel discuss the critical role of revenue management in short-term rental success. Emile, an experienced anesthesiologist turned revenue manager, shares insights on setting realistic goals, evaluating market conditions, seasonal pricing strategies, and overcoming common mistakes self-managers make. They also discuss leveraging marketing alongside revenue management to boost performance and share real-life examples of how these strategies have significantly increased revenue for high-end properties. Listeners are encouraged to treat their properties as businesses and use comprehensive data analysis and expert tools for optimal results.

Couples Retreat - https://buildstrwealth.com/puertorico

stayfi.com/bill

Discount code: BILL

www.buildstrwealth.com/550250masterclass

➡️ 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 addresses common misconceptions about revenue management and outlines key principles for success. The speaker introduces an upcoming series featuring top revenue managers like Emile Sakhel and Jake Cohen, emphasizing the importance of mindset and manual processes in revenue management. Strategies discussed include daily and multiple daily pricing adjustments, importance of minimum night stays, and using market research reports to inform pricing strategies. The host also highlights the role of listing optimization and rankings in maximizing revenue. Future episodes will feature interviews with experts to provide further insights.

Couples Retreat - https://buildstrwealth.com/puertorico

stayfi.com/bill

Discount code: BILL

www.buildstrwealth.com/550250masterclass

➡️ 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 shares his methods for building personal connections with guests, emphasizing direct communication, personalized messages, and maintaining high service standards to boost guest satisfaction and generate rebookings. Additionally, Bill outlines the critical role of speed and quality control in managing rental properties effectively.

Couples Retreat - https://buildstrwealth.com/puertorico

stayfi.com/bill

Discount code: BILL

www.buildstrwealth.com/550250masterclass

➡️ 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 shares his comprehensive checklist for underwriting profitable properties, emphasizing the importance of intangibles and listing optimization. Broadcasting from a lakefront property in Alabama, he discusses key components such as revenue management, off-platform marketing, and advanced listing techniques. Bill highlights the critical role of high-quality photos, exceptional copywriting, and effective use of dynamic pricing tools. The episode provides a deep dive into his targeted marketing strategies, including Google trends, buy-sell trade groups, and a 200-day direct booking funnel, aiming to help listeners optimize their property listings and boost their revenues.

Couples Retreat - https://buildstrwealth.com/puertorico

stayfi.com/bill

Discount code: BILL

www.buildstrwealth.com/550250masterclass

https://buildstrwealth.com/innercircle

02:00 Introduction to Property Underwriting

02:40 Location and Marketing Components

03:50 Personal and Property Checklists

05:23 Listing Optimization Strategies

06:35 Revenue Management Insights

11:24 Off-Platform Marketing Techniques

18:20 Conclusion and Final Tips

➡️ 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 shares his strategy for reducing dependence on Online Travel Agencies (OTAs) and boosting direct bookings. He discusses his '550 250 Plan,' which aims to generate $250,000 in income over five years with five properties, each netting over $50,000. Bill details his latest $3 million property purchase in Montana, funded through strategic sales and creative financing. He breaks down essential components of sound investing: cash flow, appreciation, tax benefits, and debt paydown, and provides actionable insights into acquiring and managing profitable short-term rental properties.

stayfi.com/bill

Discount code: BILL

www.buildstrwealth.com/550250masterclass

https://buildstrwealth.com/innercircle

00:00 Introduction to STR Unfiltered

00:17 The Power of StayFi for Email List Building

01:18 Exclusive StayFi Discount Offer

01:54 Buying a $3 Million Property for Free

03:23 The 550 250 Plan Explained

03:50 Case Study: Banner Elk Property

05:27 Finding and Evaluating Deals

06:44 Case Study: Gulf Shores Property

08:09 Case Study: Coram Condo

11:25 Executing the 550 250 Plan

13:06 Four Core Components of Sound Investing

21:30 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