Episode 224: Short-Term Rental Expert Bill Faeth Discusses Investing Strategies and Market Selection

Follow Mike and Shawn on Instagram!

• Shawn: @shawn_dimartile
• Mike: @miketighe_

In this episode, Shawn DiMartile interviews Bill Faeth, a successful short-term rental operator and real estate investor. Bill shares his journey from long-term rentals to short-term rentals and explains why he believes short-term rentals are the number one asset class today. He discusses the benefits of short-term rentals, including cash flow and tax advantages, and shares his strategies for finding and investing in profitable properties. Bill emphasizes the importance of market research, underwriting, and marketing in order to stand out in a competitive market. He also discusses the impact of regulations on short-term rentals and advises investors to choose markets with consistent and favorable regulations.

Some key takeaways from this episode:

• Short-term rentals offer higher cash flow and tax benefits compared to long-term rentals

• Investing in secondary and tertiary markets can be more profitable than investing in saturated primary markets

• Insulation from competitors, unique views, and proximity to attractions are key factors to consider when choosing a property

• Building rapport with guests through personalized communication and providing a high level of hospitality can lead to better reviews and repeat bookings

• Having a coach or mentor can help investors fast-track their success and avoid costly mistakes

How to connect with Bill:

Facebook: Build Short Term Rental Group

Instagram: billfaeth73

Website: www.billfaeth.com

Learn more about Mike and Shawn:

• Shawn: www.investorshawn.com
• Mike: www.investormike.com
• Website: www.takeoffcapital.com