Bill Faeth Unfiltered

Saving money to reinvest into bigger amenities

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This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.


Segment 1: Current Climate in the Rental Market


  • Bill discusses the challenges in the current financial climate for booking and property purchases.
  • Mentions three properties under major renovation in Gulf Shores, OBX (Outer Banks), and Smith Lake.
  • Highlights the need to optimize budgets due to market conditions.
  • Key takeaway: Adaptation and budget optimization are crucial in the current real estate climate.


    • Segment 2: Sourcing and Savings


    • Bill shares a personal experience of sourcing hot tubs and flooring for his properties.
    • Emphasizes the importance of due diligence in sourcing materials.
    • Describes significant cost savings achieved through careful sourcing.
    • Key takeaway: Thorough research and negotiation can lead to substantial savings in property development.


      • Segment 3: Maximizing Budget for Property Upgrades


      • Bill discusses how savings can be reallocated to enhance property features.
      • Examples include upgrading ceilings, expanding kitchen islands, and bathroom renovations.
      • Emphasizes the importance of budget allocation for marketing and attracting ideal guests.
      • Key takeaway: Savings can be invested in property upgrades to enhance marketability.


        • Conclusion:


        • Bill concludes by highlighting the value of smart budgeting and sourcing in building super properties.
        • Encourages listeners to prioritize budget allocation for property upgrades and marketing.
        • Promotes the importance of value stacking to attract ideal guests.

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          Bill Faeth UnfilteredBy Bill Faeth
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