Bill Faeth Unfiltered

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Bill Faeth Unfiltered

Ready to build your Short Term Rental wealth? Learn more at: https://buildstrwealth.com/. Short Term Rentals have been a game-changer for the real estate industry. And no one knows this better than Bill Faeth. As a successful Short Term Rental Investor and Host, Bill has seen firsthand how powerful the Short Term Rental model can be. And now, he's sharing his knowledge with the world through his new podcast, STR Unfiltered. On each episode, Bill 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. Whether you're just starting in Short Term Rentals or looking to take your business to new heights, STR Unfiltered is a must-listen. So what are you waiting for? Tune in today and learn from the best in the business!

  1. 1 DAY AGO

    How to Leverage Seller Credits for Bigger Returns

    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 ➡️ 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 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. Subscribe/Follow so you never miss an episode! #BFUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

    13 min

  2. FEB 11

    The Investor’s Playbook: Leveraging Credit, Comps & Cash Flow

    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 ➡️ 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 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. Subscribe/Follow so you never miss an episode! #BFUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

    15 min

  3. FEB 4

    Things I Wish I Knew 10 Years Ago (Top 5 Business Lessons)

    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 ➡️ 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 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. Subscribe/Follow so you never miss an episode! #BFUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

    26 min

  4. JAN 28

    The #1 Mistake Investors Make About Asset Protection

    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/ ➡️ 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 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. Subscribe/Follow so you never miss an episode! #BFUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

    48 min

  5. JAN 21

    Where NOT to invest in 2025

    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 ➡️ 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 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. Subscribe/Follow so you never miss an episode! #BFUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

    21 min

  6. JAN 14

    Airbnb Investing As a Couple

    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 ➡️ 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 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. Subscribe/Follow so you never miss an episode! #BFUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

    27 min

  7. JAN 7

    The 'Two Extra Steps' to Airbnb Excellence | Pace Morby

    Bill sits down with Pace Morby to debunk myths about the profitability and viability of Airbnb. Bill, known for his highly successful short-term rental strategies and large events, shares his expertise on how to transform average properties into 'super properties.' The discussion explores the importance of marketability, meticulous property searches, and maintaining high standards for quality and cleanliness. Bill emphasizes the value of hands-on management, providing personalized guest experiences, and continuous engagement in the market. He contrasts his methodical approach with the common, lazy practices that lead to subpar performance in short-term rentals. The conversation touches upon Bill's personal journey, his successful business ventures, and his strategic investments in locations set to boom, such as Whitefish, Montana. Additionally, Bill shares insights on innovative methods like using CRM software for direct bookings and nurturing guest relationships. The episode highlights the principle of 'two extra steps,' a concept Bill is writing a book on, which signifies doing what others are unwilling to do. This approach has not only set him apart in the real estate industry but also in life, emphasizing continuous growth and adaptation. The episode concludes with the announcement of Bill’s upcoming real estate event in Nashville and his new book release, promising valuable takeaways for anyone looking to excel in the short-term rental market. https://www.marketmystr.com/ 00:00 Introduction 00:04 Airbnb: Debunking the Myths 00:16 Bill Faeth's Background and Event Highlights 00:35 Montana and Personal Life 01:13 Airbnb Strategies and Success Stories 03:34 The Importance of Sales and Marketing 04:22 Two Extra Steps Philosophy 10:57 Challenges in the Airbnb Industry 13:45 Consistency and Quality in Short-Term Rentals 27:38 Personal Stories and Early Ventures 32:45 Flipping Success and Market Trends 33:58 Fast Money, Medium Money, Slow Money 34:45 Personality Types and Investment Goals 38:26 The Importance of Patience in Real Estate 38:50 Questioning the Value of College 42:21 The Power of Consistency and Persistence 43:52 Evaluating and Repositioning Properties 46:29 The Impact of Community and Networking 52:50 The Value of Super Properties 01:00:06 Upcoming Real Estate Event ➡️ 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 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. Subscribe/Follow so you never miss an episode! #BFUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

    1h 2m

  8. 12/31/2024

    Why Scaling Your Business Isn’t Easy | Billy Jinks and Bill Faeth

    Bill sits down with Billy Jinks, a successful entrepreneur from Phoenix, Arizona. Billy shares his journey in the ground transportation business, owning Jet Limousine, one of the largest companies in Arizona, and describes his early fascination with limos and cars. They discuss the growth of Billy's company from 30-50 vehicles in 2020 to a fleet of about 100 vehicles, including various types of buses and luxury cars, generating approximately $19 million annually. Billy also owns Salt River Tubing, a business acquired two years ago, now seeing significant improvements and increased efficiency. He describes the operational changes made to enhance customer experience, such as new systems for faster check-in and using larger buses. Despite the challenges of insurance, parts availability, and fuel prices, Billy appreciates the success and enjoyment he derives from his work. They also talk about his volunteer work with the sheriff's office and his love for exotic cars, which he occasionally flips for business and personal use. The discussion wraps up with reflections on the importance of balancing work with personal life and hobbies. Bill encourages Billy to take time off and explore new interests outside of work, emphasizing the need for self-care as an entrepreneur. This episode is a blend of business insights, personal anecdotes, and motivational advice for entrepreneurs looking to innovate and grow. stayfi.com/bill Discount code: BILL https://www.marketmystr.com/ 00:00 Introduction to Bill Faeth Unfiltered 00:14 Revolutionary Product: Stay Fi 01:10 Exclusive Offer for Stay Fi 01:47 Interview with Billy Jinks: Entrepreneurial Journey 03:53 Scaling the Business: Challenges and Strategies 06:26 Innovations in Salt River Tubing 09:44 Managing Logistics and Operations 11:38 Diversifying with Exotic Cars 12:38 Dreaming of the S65: The Ultimate Car Experience 12:58 Challenges in Sourcing Exotic Cars 13:44 Exploring the Turo Business Model 15:31 Volunteering with the Sheriff's Office 16:26 Struggles of an Entrepreneur 18:19 Balancing Work and Personal Life 23:12 Unexpected Opportunities from the Limo Business 25:25 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 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. Subscribe/Follow so you never miss an episode! #BFUnfiltered #BillFaeth #STR Learn more about your ad choices. Visit megaphone.fm/adchoices

    26 min
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About

Ready to build your Short Term Rental wealth? Learn more at: https://buildstrwealth.com/. Short Term Rentals have been a game-changer for the real estate industry. And no one knows this better than Bill Faeth. As a successful Short Term Rental Investor and Host, Bill has seen firsthand how powerful the Short Term Rental model can be. And now, he's sharing his knowledge with the world through his new podcast, STR Unfiltered. On each episode, Bill 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. Whether you're just starting in Short Term Rentals or looking to take your business to new heights, STR Unfiltered is a must-listen. So what are you waiting for? Tune in today and learn from the best in the business!

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