BROADCASTS.com

GUEST BIO\n\nBill Faeth - has been involved in real estate for almost 25 years with both commercial and residential investing. In 2015 he switched the majority of his residential portfolio to short-term rentals from the long term after seeing an opportunity to increase profit and reduce risk. Bill currently has a multi-million dollar portfolio of short-term rental properties primarily located in vacation rental markets with a focus on beach, lake, and mountain properties. He has leveraged years of successful business growth strategies to specialize in maximizing vacation rental profits by turning $50,000 annual revenue properties into $90,000 properties yielding high profit via self-management. Bill shares these profit-boosting strategies along with how to self-manage, holding real estate, and so much more so you can build your short-term rental wealth while your guests make your mortgage payments.\n\nBootcamp on June 7th and 8th, 2021 in Nashville, TN. Go to buildstrwealth.com\n\nHIGHLIGHTS OF THE EPISODE\n\n04:22 \xa0Bill\u2019s Intro/Biography.\n\n05:28 \xa0What made Bill start his short-term rentals from long-term rentals.\n\n10:17 \xa0What Bill\u2019s 2nd tier location is.\n\n11:45 \xa0What that 2nd deal looked like.\n\n13:59 \xa0Bill\u2019s molotov cocktail for a bad decision experience.\n\n16:24 \xa0Learning valuable lessons from mistakes and failures.\n\n18:21 Bill's strategy and what he\u2019s focused on.\n\n24:02 \xa0A breakdown of what EBITDA is.\n\n25:51 \xa0A process that can increase what your property can make.\n\n33:59 \xa0The 6 different types of buyers.\n\n34:09 \xa0Giving more than you expect to receive.\n\n43:18 \xa0Where can people get in touch with Bill Faeth.\n\n44:23 \xa0Bill\u2019s number 1 secret to success in short-term rentals.\n\nJoin our Facebook group! www.facebook.com/groups/STRentalsecrets\n\nBOOKS MENTIONED:\n\nMillionaire Success Habits - Dean Graziosi\n\nNOTABLE QUOTES (KEY LESSONS):\n\n"Drive-in vacation rental markets were the most recession-proof through the recession and I also think they're the ones that have been impacted in the most positive fashion during Covid when urban markets were being hit hard at this time last year." - Bill Faeth\n\n"I lost a hundred grand on that property because I didn't follow my evaluation process." - Bill Faeth\n\n"It's very important to share those mistakes that we make." - Bill Faeth\n\n"The reason why people are coming to the market is what people miss as hosts." - Bill Faeth\n\nCONNECTING WITH THE GUEST\n\nWebsite: https://buildstrwealth.com/\n\nPersonal Website: https://www.billfaeth.com/\n\nFacebook Group: https://web.facebook.com/groups/284886002732508\n\nYouTube Channel: https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices