9 min listen
4 Skills You Must Have To Be A Successful STR Investor
FromSTR Unfiltered
ratings:
Length:
35 minutes
Released:
Mar 1, 2024
Format:
Podcast episode
Description
StayFi | Use Code BILL to Get 50% Off Your First 3 Months with StayFi!
Ready to go from a Good to Great STR Investor? Download the same exact Proforma both Jon “The Bank Whisperer” Hodge and I both use to Underwrite our personal investments and for Rivan Capital group. Free Training included with this free download.
Download Here - https://buildstrwealth.com/proforma
This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.
In this episode, Bill Faeth, an experienced real estate entrepreneur, shares key elements necessary for success in short-term rental investments. He stresses treating each property as an individual business and highlights four core components: Market Selection, involving choosing a location, submarket, and property counts; Underwriting, where thorough diligence and periodic cash on equity audits are essential; Marketing, engaging in promotional strategies such as buy-sell-trade groups, and email marketing; and Revenue Management, focusing on strategies like leveraging cancellation policies, optimizing pricing and managing expenses to maximize net income. Bill emphasizes the importance of keeping these elements in balance to transition from being an average to a successful real estate investor.
00:01 Introduction and Background
00:46 The Journey of Real Estate Investment
01:26 The Importance of Experience and Learning in Investment
02:06 The Reality of Real Estate Investment
05:22 The Importance of Market Selection
06:38 The Story of a Successful Investment
06:48 Understanding Sub Markets
12:21 The Importance of Underwriting
22:17 The Role of Marketing in Real Estate Investment
27:15 The Importance of Revenue Management
34:13 Conclusion and Final Thoughts
Watch this episode on our YouTube Channel Every Tuesday & Friday
https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA
The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508
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
Ready to go from a Good to Great STR Investor? Download the same exact Proforma both Jon “The Bank Whisperer” Hodge and I both use to Underwrite our personal investments and for Rivan Capital group. Free Training included with this free download.
Download Here - https://buildstrwealth.com/proforma
This episode is Sponsored by MarketMySTR.com the STR Industries #1 marketing platform.
In this episode, Bill Faeth, an experienced real estate entrepreneur, shares key elements necessary for success in short-term rental investments. He stresses treating each property as an individual business and highlights four core components: Market Selection, involving choosing a location, submarket, and property counts; Underwriting, where thorough diligence and periodic cash on equity audits are essential; Marketing, engaging in promotional strategies such as buy-sell-trade groups, and email marketing; and Revenue Management, focusing on strategies like leveraging cancellation policies, optimizing pricing and managing expenses to maximize net income. Bill emphasizes the importance of keeping these elements in balance to transition from being an average to a successful real estate investor.
00:01 Introduction and Background
00:46 The Journey of Real Estate Investment
01:26 The Importance of Experience and Learning in Investment
02:06 The Reality of Real Estate Investment
05:22 The Importance of Market Selection
06:38 The Story of a Successful Investment
06:48 Understanding Sub Markets
12:21 The Importance of Underwriting
22:17 The Role of Marketing in Real Estate Investment
27:15 The Importance of Revenue Management
34:13 Conclusion and Final Thoughts
Watch this episode on our YouTube Channel Every Tuesday & Friday
https://www.youtube.com/channel/UCnheh3vx0hT5Y7uHWhBs8kA
The Free Build STR Wealth Facebook Group: https://www.facebook.com/groups/284886002732508
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
Released:
Mar 1, 2024
Format:
Podcast episode
Titles in the series (100)
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