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b'GUEST\'S BIO\\nBill Faeth has been involved in real estate for almost 25 years with both commercial and residential investing. He 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.\\n\\ufeffHIGHLIGHTS OF THE EPISODE\\n03:58 Bill Faeth\'s introduction and background\\n05:02 Watch Bill\'s previous episode on Spotify or Apple Podcast\\n05:11 How Bill got into the STR industry\\n07:15 Figuring out your true goal\\n11:23 Emerging markets\\n13:37 What to look for in an emerging market\\n18:52 How to increase your cash on cash return\\n22:44 What does Bill\'s process look like\\n27:28 Making a list\\n28:21 Defining the system for your STRs\\n31:55 The importance of building trust and goodwill with guests\\n32:45 Bill shares a story about this number one property from his portfolio\\n34:25 Creating value by asking the guest how we can help them\\n35:21 Differentiating yourself in a competitive market\\n37:58 The plus one\\n41:38 How to create another avenue to market\\n45:59 How to increase your ADR\\n47:14 Bill reads a review from one of his STRs\\n51:59 How interior design and furnishings increase ADR\\n58:49 Join us for the biggest event for hosts and investors on June 6 to June 8 for the STR Wealth Conference - www.strwealthconference.com\\n01:12:14 Acknowledgments to Bill\\n\\nNOTABLE QUOTES\\n"The property becomes an experience." - Emanuele Pani\\n"Asking how we can help is how we can create value." - Bill Faeth\\n"It\'s not about the property, it\'s what we put into it." - Bill Faeth\\n"Those small things are what\'s going to make a huge difference." - Bill Faeth\\n\\nCONNECT WITH THE GUEST\\nBill Faeth: Website | Instagram | Linkedin\\n\\n\\ufeffCONNECT WITH THE HOSTS \\nMichael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedin\\nhttps://linktr.ee/the_airbnbguy\\nEmanuele Pani: Clubhouse | Instagram | Facebook | Linkedin\\n\\nFREE MASTERCLASS TRAINING - https://www.strsecrets.com/masterclass\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'