While there’s a lot of buzz about the death of short-term rentals, some landlords are still finding tremendous success with this asset class. Today’s guest explains his methodology, pointing to calculation, hospitality, and the “plus ones” as keys to a thriving business.
On this episode of Zen and the Art of Real Estate Investing, Jonathan welcomes Bill Faeth, a short-term rental master, with unbelievable tips for creating a memorable experience in your properties. Bill is an Airbnb coach and eight-figure business leader who founded the STR Wealth Conference, the Build STR Wealth Mastermind, and a Facebook group. Over the years, Bill has coached 20,000+ students through his program and has two podcasts: STRonomics and STR Unfiltered.
Jonathan and Bill begin the episode by exploring his grandparents’ influence on how he chooses investments, his belief in price elasticity, and creating an exit strategy for every investment. Bill outlines the reasons for focusing on higher amenities in his short-term rentals (STRs), ensuring you’re applying standardized business principles to your strategy, and FOMO’s impact on people’s investing choices. He explains the importance of treating clients as highly qualified leads while building rapport and trust, three things your guests should know about you, and buying STRs in areas you enjoy visiting as much as your clients do.
Short-term rentals are far from dead, and Bill Faeth’s conversation with Jonathan is a mini-masterclass on how to do them right.
In this episode, you will hear:
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If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at http://www.trustgreene.com/podcast/zen/124 to download it.
Supporting Resources:
Build STR Wealth website - buildstrwealth.com
Build STR Wealth Facebook group - www.facebook.com/groups/284886002732508
Bill Faeth on Instagram - www.instagram.com/BillFaeth73
Connect with Bill on LinkedIn - www.linkedin.com/in/billfaeth
Listen to the STRonomics podcast - stronomics.com
Bill and Kenny's Hot Picks - bkhotpicks.com
Bill Faeth on TikTok - www.tiktok.com/@bfaeth
Website - www.streamlined.properties
YouTube - www.youtube.com/c/JonathanGreeneRE/videos
Instagram - www.instagram.com/trustgreene
Instagram - www.instagram.com/streamlinedproperties
TikTok - www.tiktok.com/@trustgreene
Zillow - https://www.zillow.com/profile/StreamlinedReal
Bigger Pockets - www.biggerpockets.com/users/TrustGreene
Facebook - www.facebook.com/streamlinedproperties
Email - [email protected]
Episode Credits
If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.
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