STR Unfiltered Hospitality.FM

Bill emphasizes treating short-term rentals as a business rather than a casual endeavor for it to be successful. He recounts his initial struggles with property management companies and how taking a self-managed, business-focused approach drastically improved his operations. Bill discusses the importance of self-management, mastering revenue management and off-platform marketing, and the critical role of automation in managing properties efficiently. He highlights his journey from purchasing his first property in Gulf Shores, Alabama, to owning and co-hosting 24 properties across various U.S. locations. Bill delves into the details of operational efficiency, from handling guest communications and cleaning crews to implementing standard operating procedures (SOPs) and leveraging technology for property management. The episode also covers the significance of proper investment analysis and the potential impact of technology, like AI chatbots, on saving time and improving guest experience. Bill concludes with advice on setting up short-term rental operations for success, emphasizing process documentation, technology use, and the importance of a solid setup from the start.

Sign Up for Our STR Host Academy: https://www.strhostacademy.com/hostacademy
[FREE Download] Unlock Your Potential with Our EXPERT Proforma: https://buildstrwealth.com/proforma

00:00 Welcome and Introduction to STR Unfiltered
00:27 The Business Mindset for Short-Term Rentals
01:06 From First Property to a Portfolio: A Personal Journey
02:31 The Importance of Self-Management and Skills in STR Success
03:12 Leveraging Automation and Technology in STR Management
04:05 Building a Super Portfolio: Property Locations and Management Insights
06:18 Operational Excellence: SOPs, Hiring, and Training
06:45 Navigating Challenges and Solutions in STR Management
11:17 The Future of STR Communication and Market Selection Strategy
13:31 Closing Thoughts and Call to Action


➡️ 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
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The Property Stacking Masterclass. https://buildstrwealth.com/550250masterclass

In this episode of STR unfiltered, host Bill Faeth and guest Ryan Bakke, a CPA and real estate investor, share insights into the complexities of real estate investments, taxes, and maximizing returns. Ryan, renowned for saving Bill nearly $2 million in taxes, discusses the strategic tax benefits of investing in real estate, the impact of legislation like the cost segregation bill, and tactics to leverage tax refunds and deductions. The conversation also delves into the pitfalls and pressures of 1031 exchanges, the concept of a 'lazy 1031', and the importance of financial planning, liquidity, and carefully navigating investments to ensure financial security and optimize tax positioning. The duo underscores the importance of tailored advice, considering individual financial situations, goals, and risk tolerance in the dynamic landscape of real estate investment.

00:00 Introduction to STR Unfiltered with Bill Faith
00:15 Meet Ryan Bakke: The Tax Whiz Saving Millions
00:38 Deep Dive into Tax Strategies and Real Estate Investing
02:30 Navigating Tax Refunds, Amendments, and Financial Planning
05:32 The Intricacies of 1031 Exchanges in Real Estate
13:57 Strategic Portfolio Management and Financial Discipline
19:09 The Impact of Market Dynamics on Real Estate Investing
23:18 Closing Thoughts 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

The Property Stacking Masterclass. https://buildstrwealth.com/550250masterclass

In this episode of STR Unfiltered, host Bill Faeth introduces viewers to the concept of co-hosting on Airbnb as a lucrative way to engage in the short-term rental market without the need to own property. Focusing on actionable strategies, the guide covers key aspects such as revenue management, marketing, listing optimization, guest communication, and how to charge for services. Bill argues against the popular practice of rental arbitrage due to its high risk and financial requirements, advocating instead for co-hosting due to its low barrier to entry. He shares personal success stories and strategies for acquiring high-value properties to manage, emphasizing the importance of setting clear revenue and time goals.

00:00 Introduction to Co-Hosting on Airbnb
00:21 Unlocking the Power of Co-Hosting Without Owning Property
01:02 The Essentials of Co-Hosting: Skills and Revenue Management
02:22 Why Arbitrage Isn't the Best Strategy for Beginners
04:09 The Lucrative Potential of Co-Hosting
05:17 Building a Successful Co-Hosting Business: Strategies and Skills
05:45 Customer Acquisition and Market Selection for Co-Hosting
07:30 Maximizing Profits: Setting Goals and Choosing Properties
12:18 The Path to Long-Term Wealth Through Co-Hosting
13:11 Closing Remarks and Marketing Platform Promotion

➡️ 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

In this episode of STR Unfiltered, Bill Faeth and his guest, Wil Slickers, dive into the controversial Airbnb icons update, discussing its implications and the future trajectory of Airbnb.
Wil, with his deep industry insights, suggests that the update marks the beginning of Airbnb transitioning into a social media platform, focusing on connecting people and enhancing user experience through unique, personalized content.
The discussion touches on Brian Chesky's long-term vision for Airbnb, examining the company's data-driven approach to customizing user interactions and suggesting that Airbnb may venture into more controlled, unique experiences akin to the Disney Imagineering model.
Both Bill and Wil emphasize the importance of staying attuned to industry trends beyond the immediate hosting community, highlighting Brian Chesky's broader interviews and social media presence as key to understanding Airbnb's future direction. The conversation also explores the impact of social media inspiration on travel decisions and the need for hosts to elevate their offerings to match the evolving expectations set by Airbnb's branding and strategic moves.

➡️ 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

⏺️ Join Our Masterclass to Unlock STR Wealth: https://buildstrwealth.com/550250masterclass 

It’s no secret. 

Amenities can make or break the success of your short-term rental. 

But not all amenities are equal. Some will make you money, some will do nothing worth mentioning, and some will only cost you your time and money. 

So, before you go and spend your hard-earned money on terrible amenities, watch this research-backed guide on the best and worst amenities for your Airbnb!

This video will save you a lot of headaches and money, so make sure to check it out. 

Let’s jump right in!

Key Takeaways: 

00:00:00 Intro

00:00:45 Take a close look at your property

00:03:07 Amenities that allow you to charge more 

00:07:33 Miniature golf courses, fire pits, and hot tubs

00:11:44 Let’s talk finances 

00:15:14 How to make smarter amenity choices

00:15:59 Outro 


Additional resources: 

➡️ Ready to start building STR wealth? 

• Join Our Masterclass to Unlock STR Wealth: https://buildstrwealth.com/innercircle
• Sign Up for Our STR Host Academy: https://www.strhostacademy.com/hostacademy
• Gain Full Access to the Superhost Library: https://buildstrwealth.com/thelibrary
• Reserve a Spot in Our Super Life Plan Training: https://www.billfaeth.com/lifeplantraining

➡️ Learn more about starting an STR business:

• Take the Airbnb Profit Maximizer Course: https://buildstrwealth.com/profitmax299
• Sign Up for Our Co-hosting Business Masterclass: https://buildstrwealth.com/cohost
• 3-Day Training Program for New Airbnb Hosts: https://buildstrwealth.com/3daytraining 
• Facebook Ads Training for Hosts: https://buildstrwealth.com/facebookads
• Virtual Marketing Mastery Boot Camp: https://buildstrwealth.com/marketingmastery

➡️ Grab some FREE resources:

• [FREE Download] Get Your 10-POINT Direct Booking Optimization Checklist: https://buildstrwealth.com/directbooking 
• [FREE Download] Unlock Your Potential with Our EXPERT Proforma: https://buildstrwealth.com/proforma
• [FREE Donwload] Grab Our ULTIMATE Guide for STR hosts: https://buildstrwealth.com/ultimateguide
• [FREE Donwload] Discover the 7 GOLDEN RULES for Airbnb Hosts:
https://buildstrwealth.com/7goldenrules
• [FREE Donwload] Unlock Your Dream Life Plan: https://www.billfaeth.com/lifeplan

➡️ 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

⏺️ Join Our Masterclass to Unlock STR Wealth: https://buildstrwealth.com/550250masterclass 

In the world of real estate investing, 1031 exchanges are a popular way to delay paying capital gains tax and maximize profits.

But there’s a reason many call it the death tax… 

Once you opt for a 1031 exchange, the money invested can be locked away for a very long time. 

That’s why today, I’m sharing 3 things you need to keep in mind before you carry out a 1031!

If you want to protect your money and make responsible financial decisions, this episode is for you. 

Tune in! 

Key Takeaways: 


00:00:00 Intro 

00:00:34 Are you ready to kiss that cash goodbye forever?

00:01:19 What is your financial stability behind that cash? 

00:02:44 There are always options out there 

00:04:20 Potential pitfalls of mismanaged 1031 strategies 

00:05:40 My final piece of advice


Additional resources: 

➡️ Ready to start building STR wealth? 

• Join Our Masterclass to Unlock STR Wealth: https://buildstrwealth.com/innercircle
• Sign Up for Our STR Host Academy: https://www.strhostacademy.com/hostacademy
• Gain Full Access to the Superhost Library: https://buildstrwealth.com/thelibrary
• Reserve a Spot in Our Super Life Plan Training: https://www.billfaeth.com/lifeplantraining

➡️ Learn more about starting an STR business:

• Take the Airbnb Profit Maximizer Course: https://buildstrwealth.com/profitmax299
• Sign Up for Our Co-hosting Business Masterclass: https://buildstrwealth.com/cohost
• 3-Day Training Program for New Airbnb Hosts: https://buildstrwealth.com/3daytraining 
• Facebook Ads Training for Hosts: https://buildstrwealth.com/facebookads
• Virtual Marketing Mastery Boot Camp: https://buildstrwealth.com/marketingmastery

➡️ Grab some FREE resources:

• [FREE Download] Get Your 10-POINT Direct Booking Optimization Checklist: https://buildstrwealth.com/directbooking 
• [FREE Download] Unlock Your Potential with Our EXPERT Proforma: https://buildstrwealth.com/proforma
• [FREE Donwload] Grab Our ULTIMATE Guide for STR hosts: https://buildstrwealth.com/ultimateguide
• [FREE Donwload] Discover the 7 GOLDEN RULES for Airbnb Hosts:
https://buildstrwealth.com/7goldenrules
• [FREE Donwload] Unlock Your Dream Life Plan: https://www.billfaeth.com/lifeplan

➡️ 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