Hospitality.FM Podcast Shows - Apple Podcasts

Channel • 17 Shows

6 DAYS AGO

Why Co-Hosting Could Be Your Fastest Path to Financial Freedom

Bill sits down with Austin Palacios, a wealth manager turned short-term rental investor, to discuss his journey into the rental market and the establishment of his Airbnb property management business in Southern Florida. The conversation reveals strategies for managing and scaling a property portfolio, particularly focusing on high-revenue, luxury properties with pools. Key insights include effective customer acquisition, building authority in a single market, and leveraging inbound marketing. Practical advice such as maintaining a manageable number of properties, using Zoom consultations, and integrating sales and marketing efforts is shared. The importance of building trust and demonstrating value before pitching is emphasized, with further guidance on avoiding common mistakes and ensuring consistent follow-up with potential clients. stayfi.com/bill Discount code: BILL 00:00 Welcome to STR Unfiltered with Bill Faith and Austin Palacios 00:37 Austin's Journey from Wealth Management to Real Estate 01:41 Diving into the Co-Hosting Business 02:49 Challenges and Learning in Property Management 06:01 Exploring Austin's Property Portfolio 09:53 Customer Acquisition Strategies in Co-Hosting 10:55 Lead Generation Strategies 11:23 Sales and Marketing Integration 11:42 Building a Top Airbnb Portfolio 12:16 Effective Co-Hosting Techniques 13:21 Scaling and Managing Properties 15:26 Mastering Sales Calls 17:15 Inbound Marketing and Value Addition 20:55 Final Thoughts and Key Takeaways ➡️ 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

6 days ago

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24 min
4 DAYS AGO

Mastering Laundry and Housekeeping for Short-Term Rentals with Daniel Cruz

In this episode of The STR Data Lab, Jamie sits down with Daniel Cruz, founder of Washbnb, to explore the ins and outs of efficient laundry and housekeeping for short-term rentals. Whether you’re managing a single property or a large portfolio, laundry is often one of the most time-consuming and overlooked tasks. Daniel shares practical strategies to streamline these processes, helping hosts save time, money, and keep operations running smoothly. Daniel emphasizes the importance of using high-quality, commercial-grade laundry equipment, especially for the drying process, which can be a major bottleneck. He recommends maintaining at least three sets of sheets per bed, using a three-part system to ensure smooth operations. For properties using off-site laundry services, four or five sets per bed are ideal to avoid any disruptions. During peak times, Daniel highlights the need for a well-stocked inventory and housekeeper accountability to prevent shortages. And for the ultimate guest experience, he stresses that 100% cotton sheets are a must for their breathability and luxurious feel. He also explains why separating laundry and cleaning tasks is key to improving efficiency, with off-site laundry management being a great way to optimize operations. Daniel advises washing towels and sheets separately, using zip-top mattress protectors, and providing extra outdoor towels to prevent stains. A useful tip is to offer guests cleaning supplies to help preserve white towels. Clear signage on washing machines can further help reduce errors and minimize damage. From choosing the right linens to managing inventory and equipment, Daniel covers everything you need to ensure a seamless guest experience while upholding high standards of cleanliness. You’ll learn why quality matters, how to avoid common pitfalls, and how to keep your laundry operations running smoothly and efficiently. You don’t want to miss this episode! ~~~~ Signup for AirDNA for FREE👇 https://app.airdna.co/data ~~~~ Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ~~~~ Connect with Scott on LinkedIn: LinkedIn: https://www.linkedin.com/in/sagescott ~~~~ Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram: LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co Instagram: https://instagram.com/airdna.co ~~~~ Find AirDNA at these upcoming events! https://www.airdna.co/events-airdna Episode 104

4 days ago

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13 min
OCT 17

Live From VRMA: Hurricanes Impact, Urban Challenges, and Q4 Outlook

In this episode of The STR Data Lab, Jamie and Scott broadcast live from the VRMA conference in Phoenix, Arizona, where they break down the key issues shaping the short-term rental industry today. They emphasize why events like VRMA are more important than ever, offering a crucial space for the industry to come together and tackle pressing challenges head-on. The conversation kicks off with the aftermath of hurricanes Helena and Milton, which caused a wave of cancellations across Florida and North Carolina. Asheville alone saw over 85,000 nights canceled, while Atlanta experienced a 50% spike in bookings as people sought temporary accommodations. These disruptions are expected to lead to a dip in home prices and rising insurance premiums across Florida, adding new challenges for property owners. Jamie and Scott then shift focus to the U.S. market’s September performance, which fell short of expectations with a modest 2.9% increase in nights booked. The growth in supply is slowing, particularly in urban areas, where a 3.1% decline reflects ongoing struggles with regulatory issues, weak demand, and heightened competition from hotels—leading to closures like Frontdesk. On the bright side, ADRs were up 2.7% in September, and October is off to a strong start, with demand fueled by events like Halloween and solid holiday bookings on the horizon. Jamie wraps up the episode by celebrating his first short-term rental booking and sharing a sneak peek of his new YouTube series, which you can catch on the AirDNA YouTube channel. Don’t miss this episode—it’s packed with valuable insights! ~~~~ Signup for AirDNA for FREE👇 https://app.airdna.co/data ~~~~ Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ~~~~ Connect with Scott on LinkedIn: LinkedIn: https://www.linkedin.com/in/sagescott ~~~~ Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram: LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co Instagram: https://instagram.com/airdna.co ~~~~ Find AirDNA at these upcoming events! https://www.airdna.co/events-airdna Episode 103

Oct 17

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17 min
OCT 15

Don't Trust Your Real Estate Agent

Bill discusses the critical importance of evaluating real estate agents when purchasing property. He outlines four essential criteria every agent must meet, highlighting the necessity of running your own numbers and underlining the pitfalls of relying solely on agents' calculations. Bill shares his experiences with top agents such as Avery Carl and Tyler Coon, emphasizing the significance of an agent's experience and their involvement in the short-term rental market. He stresses the importance of agents speaking the industry lingo and owning short-term rentals themselves, providing insights into the best practices for property investment. Bill concludes with advice on focusing on strategic property deals rather than just large-scale investments. stayfi.com/bill Discount code: BILL 00:00 Introduction to STR Unfiltered 00:05 Why You Shouldn't Trust Your Real Estate Agent 00:52 The Importance of Running Your Own Numbers 04:37 Using Data Tools for Accurate Projections 06:03 The Significance of STR Sales Experience 08:11 Speaking the STR Lingo 09:43 The Value of Agent Ownership 10:55 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 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

Oct 15

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12 min
OCT 8

How To Become The #1 Airbnb In Your Market (5 Key Tips)

Bill outlines a comprehensive guide to becoming the number one property in your market by focusing on location, views, proximity, unique amenities, and guest-centric design. With specific examples from successful properties, it highlights the importance of a best location that cannot be replicated, ensuring top views, proximity to desired attractions, and offering distinctive amenities. The focus is also on designing for an ideal guest persona, such as 'Wealthy Wendy,' to create an appealing and marketable property. BIll concludes with three bonus strategies, including buying properties wisely, innovating with unique amenities, and leveraging a strong guest profile. stayfi.com/bill Discount code: BILL 00:00 Introduction: Becoming the Top Property in Your Market 00:24 Tip 1: Best Location 02:19 Tip 2: Top Views 04:50 Tip 3: Proximity 06:40 Tip 4: Unique Amenities 10:38 Tip 5: Design for Your Ideal Guest 11:37 Bonus Tips for Success 14:25 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 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

Oct 8

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16 min
5 DAYS AGO

From 1 to 41 Doors: How Amelia McGee Scaled Her Real Estate Portfolio

If you’re ready to supercharge your real estate game, this episode with Amelia McGee is a must-listen! Amelia started with just one flip in 2019, and in only 5 short years, she’s built an impressive 41-door portfolio. But what’s even more inspiring is how she did it: through powerful partnerships and a focus on the hidden gem of midterm rentals. In this episode, Amelia takes us behind the scenes on how she found her groove in midterm rentals. She shares exactly what she looks for in a property (and spoiler alert – it’s not just about cash flow!). Plus, her insider tips on structuring partnerships and making mindset shifts will leave you feeling empowered to take your business to the next level. Amelia has a unique belief: there’s more money out there than good deals – and she’s sharing how that mindset has been a game-changer for her. We also dive into her passion for building community, her co-authored book, and the importance of surrounding yourself with the right people to fuel your growth. Whether you’re a seasoned pro or just dipping your toes into real estate, this episode is packed with gems that will get you excited and ready to take action. Grab your notebook because you won’t want to miss Amelia’s game-changing strategies for scaling your portfolio and living the life you’ve always dreamed of! HIGHLIGHTS AND KEY POINTS: [01:50] A short introduction about our guest Amelia McGee [02:49] Amelia shares how she was introduced to the world of real estate [05:05] How did Amelia gain the knowledge to successfully flip properties [07:20] Amelia’s mindset shift from an investor to a business owner [10:16] Amelia’s shares her journey of transitioning from flipping to building a 41-Door Portfolio [13:17] What strategies can investors use to build strong and trustworthy partnerships in real estate [16:54] How Amelia learned how to talk about what she’s offering as a business partner [18:38] Amelia’s real estate portfolio and what factors influenced her choice of rental strategy [19:54] Why Amelia loves midterm rentals and how she decides which operational approach to apply [22:29] Amelia shares her property acquisition strategy [27:19] Amelia talks about her book and her co-author Grace Gudenkauf [30:05] The importance of intentionality in shaping one's future as an entrepreneur [31:43] How Amelia conquers challenges as a self-managing real estate investor through community support [36:00] The lightning round Golden Nuggets: “I think good entrepreneurs realize opportunities and can act on them.” “Being intentional about what you want in your future as an entrepreneur is so incredibly important.” “I feel like as an investor or an entrepreneur or someone just getting started, you almost have to have a little bit of audacity; like audacity to believe in yourself that you can do these crazy, big things.” “There's a lot more money out there than there are operators. So money is not the hurdle. The hurdle is finding good deals and finding deals that make money and will continue to appreciate.” Let’s Connect: Instagram - ameliajorei https://www.instagram.com/ameliajorei/?hl=en wiire.community https://www.instagram.com/wiire.community/?hl=en Resources Mentioned: Self-Managing Landlord Enjoyed the show? Subscribe, Rate, Review, Like, and Share!

5 days ago

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45 min
OCT 1

2024 Airbnb Investing (7 Hard Truths)

Bill walks listeners through the challenges that short-term rental property owners will face in 2024, identifying seven key components to address: Market Saturation, Market Selection, The Kardashian Effect, Budget, Pricing Strategies, Debt Control, and Proforma Use. Faye emphasizes the importance of unique amenities, competitive pricing, and efficient property setup. Additionally, he advises on prudent financial management and the strategic timing of property investments to ensure long-term success. Tune in for actionable insights to enhance your short-term rental investments. stayfi.com/bill Discount code: BILL Unlock Your Potential with Our EXPERT Proforma: https://buildstrwealth.com/proforma Bootcamp Tour: https://go.buildstrwealth.com/tour 00:00 Introduction to STR Unfiltered 00:16 Revolutionary Product: StayFi 01:50 Meet Your Host: Bill Faith 02:45 Challenges in 2024 and Solutions 03:39 Market Saturation and Selection 13:17 The Kardashian Effect in Property Marketing 18:25 Budgeting for Success 20:19 Effective Pricing Strategies 22:23 Managing Debt and Investment Strategies 25:04 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 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

Oct 1

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26 min
OCT 10

Changing the STR Furnishings Game: A Chat with Minoan CEO Marc Hostovsky

In this episode of The STR Data Lab, Jamie Lane sits down with Marc Hostovsky, CEO and founder of Minoan, to talk about how their platform is simplifying the short-term rental game for hosts. Jamie shares his personal experience using Minoan to furnish his own listing, emphasizing how straightforward the process was and the competitive pricing he found. Marc explains that Minoan is a purchasing and supplier management platform designed specifically for hosts, providing access to well-known brands at discounted prices. One of the key features is the centralized ordering system, which streamlines the purchasing process for hosts, making it easier to manage. Another feature is the digital showroom, which allows hosts to showcase products in their rental properties and even earn commissions when guests purchase those items. Throughout the conversation, they explore the role of design in short-term rentals, highlighting how thoughtful design can elevate the guest experience and lead to better property performance. Marc points out that as the STR market becomes more competitive, hosts need to combine both real estate knowledge and hospitality skills to succeed. He introduces the idea of a universal cart, which integrates purchases from various partner brands into a single, seamless shopping experience. Marc draws a parallel between the current STR landscape and the early days of Amazon, where strategic design and a focus on the guest experience are becoming more important than ever. He also shares practical tips on how hosts can leverage Minoan to enhance their properties while improving their profitability. The discussion touches on some of the challenges the industry faces, such as the fragmented nature of STR hosts and the difficulties of getting more hosts to adopt new platforms. Marc explains that Minoan is addressing these issues by focusing on referrals, professionalization of the STR industry, and integrating more closely with local economies. As they wrap up the episode, Marc hints at Minoan's goals in improving hosts' economics through smarter investments and potential future collaborations with platforms like AirDNA to integrate data insights for hosts. You don’t want to miss this episode! ~~~~ Signup for AirDNA for FREE👇 https://app.airdna.co/data ~~~~ Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ~~~~ Connect with Scott on LinkedIn: LinkedIn: https://www.linkedin.com/in/sagescott ~~~~ Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram: LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co Instagram: https://instagram.com/airdna.co ~~~~ Find AirDNA at these upcoming events! https://www.airdna.co/events-airdna Episode 102

Oct 10

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50 min
5 DAYS AGO

Navigating Challenges and Triumphs: Hurricanes, High-Profile Events, and Industry Insights

In this comprehensive episode of the Short Term Rental Pros podcast, Jeremy recounts a period filled with remarkable events and significant challenges. From dealing with the aftermath of two hurricanes affecting properties in Florida and North Carolina, to attending the Chicago Marathon and VRMA conference, Jeremy shares personal stories and key lessons on resilience, the importance of flood insurance, and community support. The episode highlights insights from major conferences discussing networking, AI, and short-term rental software innovations. Additionally, it delves into the creation and growth of BNBCalc, a tool aimed at enhancing short-term rental portfolios, and the ambitions behind it. Jeremy also reflects on his encounters with major companies and a high-profile interview involving Tim Walz, navigating logistics with the Secret Service. Moving between personal anecdotes, industry advancements, and future aspirations, the episode underscores the power of mission-driven investments, consistency, and seizing unique opportunities in the rental industry.

5 days ago

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54 min
SEP 26

Underwriting In Today's Economy

Bill and Kenny delve into the complexities of investing in short-term rentals amidst increasing regulations, market saturation, and rising interest rates. They discuss the critical aspects of underwriting, focusing on debt service, expenses, and revenue estimation. They emphasize the importance of realistic assumptions, strategic planning, and emotional detachment when evaluating investment properties. Whether you are a newcomer or a seasoned host, this episode provides valuable insights and practical advice to elevate your short-term rental business. https://go.buildstrwealth.com/tour 00:00 Introduction to STRonomics 01:26 Welcome and Guest Introduction 01:40 Deep Dive into Underwriting 02:43 Key Underwriting Mistakes 07:00 Real-Life Examples and Lessons 16:46 Strategic Planning for Investments 22:27 Conclusion and Final Thoughts We handle the day-to-day tasks of your short-term rental, giving you the freedom to grow your business and focus on the things that matter most. In the dynamic landscape of short-term rentals, success lies in the details. At STR Super VAs, we bring expertise to every facet of your business, ensuring those details are meticulously managed. Click here to learn more about how you can integrate VAs into your business! https://www.strvas.com/ Watch this podcast each Thursday on our YouTube Channel: https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA STR Data Hosts Facebook Page Instagram: Kenny_Bedwell You can find more of Bill online at: Bill Faeth Linktree: https://linktr.ee/bfaeth?utm_source=linktree_profile_share<sid=660cbc9b-4a7e-4ed9-a654-900180b83af1 Build STR Wealth: https://buildstrwealth.com/ Instagram: @BillFaeth73 Tik Tok: @bfaeth Learn more about your ad choices. Visit megaphone.fm/adchoices

Sep 26

•

23 min

Hospitality.FM is the leading podcast network for the hospitality industry featuring podcasts from Food & Beverage, Guest Experience, Diversity & Inclusion, Tech, Operations, Hotels, Vacation Rentals, and so much more. Hospitality.FM is passionate about giving the industry a prominent voice to reach more listeners by “Going All-In On Audio.”