by Bill Faeth
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!
Language
🇺🇲
Publishing Since
7/1/2022
Email Addresses
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April 15, 2025
http://www.futurestay.com/bill In this episode of Bill Faeth Unfiltered, Bill welcomes special guest Phil Kennard, a seasoned professional from the vacation rental industry. Phil is the founder of Futurestay, a platform that simplifies direct bookings for short-term rental owners. Bill introduces Phil's impressive background, which includes creating video games for Take Two Interactive, and developing a PropTech company for property managers. Phil shares how Futurestay evolved from his own need to manage bookings for his New York apartment. He highlights a surprising industry insight - that most vacation rentals are owned by small-scale operators, not large companies. FutureStay aims to level the playing field for these smaller operators by providing an easy-to-use platform for managing direct bookings, complete with features like dynamic pricing and Google Vacation Rentals integration. Bill emphasizes Futurestay's ability to transform any Airbnb listing into a highly converting direct booking site within minutes. Phil discusses the importance of optimizing Airbnb listings and the benefits of a direct booking loop. The episode offers listeners valuable tips on managing their short-term rental listings effectively, including leveraging OTAs and ensuring their listings are optimized. Bill and Phil also touch on the importance of customer retention and the various ways property owners can increase direct bookings. As a special offer, listeners can get a discount on Futurestay's services by visiting futurestay.com/bill. 00:00 Introduction 01:23 The Hair-Off Challenge 03:19 Phil Kennard's Journey into Entrepreneurship 05:36 From Video Games to Real Estate Tech 11:49 Entering the Short-Term Rental Market 15:17 The Birth of Futurestay 16:14 Future Stay's Unique Value Proposition 19:42 The Journey to Building the Easy Button 20:44 Challenges with Traditional Website Solutions 22:14 The Direct Booking Advantage 23:42 Understanding the Direct Booking Loop 25:02 Incremental Steps to Increase Direct Bookings 28:25 Future Stay's Unique Offerings 30:48 Optimizing Your Airbnb Listing 35:41 Leveraging OTAs for Direct Bookings 38:58 Final Thoughts and Exclusive Offer ➡️ 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
April 8, 2025
https://buildstrwealth.com/proforma http://www.futurestay.com/bill In this episode of Bill Faeth Unfiltered, Bill dives into the often-overlooked hidden costs of short-term rentals. He emphasizes the significant expenses that many investors fail to consider, such as carry costs from the purchase date to launch, and travel expenses for out-of-market properties. He shares personal insights, including an unforeseen $4,000 snow removal cost at his Elk Lodge property in North Carolina. Bill, along with guest Chris, discusses the importance of accurately estimating expenses like property taxes, internet, and landscaping, which can significantly impact profitability. They also highlight the importance of understanding your ideal guest's preferences and designing properties to meet their needs. The episode concludes with a pro tip: include a 'just in case you mess up' buffer in your proforma by adding 10% to expenses and subtracting 10% from estimated revenue. This strategy provides a safety net for unexpected costs, helping investors make better-informed decisions. To further aid listeners, Bill offers access to his proforma and other investment tools through links in the show notes. 00:00 Introduction to Bill Faeth Unfiltered 00:21 Hidden Costs of Short-Term Rentals 01:13 Travel and Carry Costs 02:14 Unexpected Expenses in Property Management 03:03 Importance of Accurate Performance 08:32 Marketing and Software Costs 11:10 Designing for Your Ideal Buyer 13:28 The Just-In-Case Buffer 15:52 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
April 1, 2025
In this episode, Bill and Chris discuss how to master down payment assistance and the importance of advance preparation. Bill emphasizes the necessity of planning at least 90 days ahead to ensure financial readiness. He explains that lenders require a history of seasoned funds, typically going back 90 days. Bill also highlights the significance of maintaining a high credit score to secure premium rates from banks. He shares his personal strategies for managing credit, such as paying off credit card debt weekly and knowing the reporting dates for each card. Bill advises against canceling unused credit cards to maintain credit history and offers tips on managing debt between spouses for better credit outcomes. Chris shares his journey of rebuilding his credit, emphasizing the value of starting with small credit cards and gradually building up. Bill discusses the benefits of having children on parents' credit cards to help them establish a strong credit history early. The episode concludes with Bill's insights on using credit cards for point hacking to maximize rewards and the best practices for ensuring financial responsibility and readiness when purchasing real estate. 00:00 Introduction and Setup 00:38 Meet the Co-Host: Christopher Wharton 00:52 Planning Your Down Payment Assistance 02:29 Understanding Credit Scores and Their Impact 03:30 Credit Card Management Tips 05:03 Managing Debt and Credit for Real Estate 07:13 Credit Building Strategies 08:38 Credit Card Hacks and Final Tips 12:07 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
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