Short Term Rental Secrets Podcast

Avery Carl is the author of “Short Term Rental, Long Term Wealth,” host of “The Short Term Show” podcast, CEO of The Short Term Shop, and real estate investor with 189 doors. https://theshorttermshop.com/ https://www.linkedin.com/in/averycarl/ https://www.instagram.com/theshorttermshop/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Instant Book allows the guest to book immediately without a need to send a request to the host for approval. There are a lot of pros and cons for the hosts and guests when this feature is turned on. So the question still stands, should you turn on Instant Book on Airbnb? Learn more about your ad choices. Visit megaphone.fm/adchoices

Cale Delaney, who self-titles himself as the Accidental Intentional Millionaire, is a Christian, real estate investor, husband, and father of 3. After graduating cum laude with an engineering degree, he began his real estate career back in 2006 working as a Commercial Real Estate Investment Broker for a large Investment Brokerage in Miami, FL where he was awarded the Pace Setter award his first year for the most number of listings and sold over $7M in multi-family and retail real estate. However, with the crash of 2008, he left that business and put the real estate on hold until 2020 when he decided to go all in to start building generational wealth for his family. Since then, his investment portfolio went from $300k in January 2020 (a previous primary home turned rental) to over $4M and a net worth of over $2M less than 2 years later. In these two years, he’s purchased a total of 11 units including 5 LTRs and 6 STRs, 5 of which are luxury log cabins in the Smoky Mountains. Cale self-manages all his properties remotely while still working a W2 job. In his first year as an STR owner/operator, he’s generated almost $500k in gross revenue and hosted over 1,700 guests. He took his very first STR cabin from a projected revenue of $85k to an actual of almost $150kand converted an LTR generating $16k annually to an STR now on track to generate over $60k. Cale’s main focus now is on building his STR business and cash flow with the intent to move into larger multi-family or self-storage via syndications for more passive income. https://www.facebook.com/cale.delaney/ https://www.linkedin.com/in/cale-delaney-13a64862/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Parties are definitely a no-no, Airbnb even announced a global ban on all parties and events at Airbnb listings. Not only it can potentially destroy the property but also creates a nuisance that disturbs the surrounding neighborhood. It's rare that you will get guests partying on your property but when you do, here are the things that you need to do as a host on how to handle a party.  Learn more about your ad choices. Visit megaphone.fm/adchoices

In this interview Yonah Weiss discusses how cost segregation studies can help Airbnb / short term rental property owners offset their income using accelerated depreciation strategies. - What is a cost segregation study? - How cost segregation studies work with short term rentals and Airbnb properties. - Can short term rental owners use depreciation to offset their W2 income - Bonus recapture taxes and more GUEST'S BIO Yonah Weiss is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving tens of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He’s a real estate investor and host of the top podcast Weiss Advice. CONNECT WITH THE GUEST Yonah Weiss: Website | Instagram | Facebook | Linkedin CONNECT WITH THE HOSTS Michael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedin https://linktr.ee/the_airbnbguy Emanuele Pani: Clubhouse | Instagram | Facebook | Linkedin FREE MASTERCLASS TRAINING - https://www.strsecrets.com/masterclass Learn more about your ad choices. Visit megaphone.fm/adchoices

Hosting comes with a commitment of responsibility to the neighbors and the community. You will encounter different kinds of neighbors even those who hate short term rentals and the last thing you want as a host is a nasty neighbor to be dreadful about! In this week's episode, we will talk about the things that you need to do to deal with a difficult neighbor. Learn more about your ad choices. Visit megaphone.fm/adchoices

GUEST'S BIO Bill 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. HIGHLIGHTS OF THE EPISODE 03:58 Bill Faeth's introduction and background 05:02 Watch Bill's previous episode on Spotify or Apple Podcast 05:11 How Bill got into the STR industry 07:15 Figuring out your true goal 11:23 Emerging markets 13:37 What to look for in an emerging market 18:52 How to increase your cash on cash return 22:44 What does Bill's process look like 27:28 Making a list 28:21 Defining the system for your STRs 31:55 The importance of building trust and goodwill with guests 32:45 Bill shares a story about this number one property from his portfolio 34:25 Creating value by asking the guest how we can help them 35:21 Differentiating yourself in a competitive market 37:58 The plus one 41:38 How to create another avenue to market 45:59 How to increase your ADR 47:14 Bill reads a review from one of his STRs 51:59 How interior design and furnishings increase ADR 58:49 Join us for the biggest event for hosts and investors on June 6 to June 8 for the STR Wealth Conference - www.strwealthconference.com 01:12:14 Acknowledgments to Bill NOTABLE QUOTES "The property becomes an experience." - Emanuele Pani "Asking how we can help is how we can create value." - Bill Faeth "It's not about the property, it's what we put into it." - Bill Faeth "Those small things are what's going to make a huge difference." - Bill Faeth CONNECT WITH THE GUEST Bill Faeth: Website | Instagram | Linkedin CONNECT WITH THE HOSTS Michael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedin https://linktr.ee/the_airbnbguy Emanuele Pani: Clubhouse | Instagram | Facebook | Linkedin FREE MASTERCLASS TRAINING - https://www.strsecrets.com/masterclass Learn more about your ad choices. Visit megaphone.fm/adchoices

OTAs have played a huge role in the short term rental industry. It allows people to search for places that they want to stay in and compare one property to another from the comfort of their own home or on the go. The most popular OTAs are Airbnb and VRBO. But when should you list your vacation rental on other OTAs? Find out on this episode of From The Host! Learn more about your ad choices. Visit megaphone.fm/adchoices

GUEST'S BIO Rod Khleif is a multiple business owner and philanthropist who is passionate about business, high performance, real estate, and giving back. As one of the country's top business, real estate, and peak performance luminaries, Rod has built over 24 businesses in his 40-year business career several of which have been worth tens of millions of dollars. He has also owned over 2000 properties. Rod Khleif soared from humble beginnings as a young, impoverished Dutch immigrant to incredible success. Rod also founded The Tiny Hands Foundation which has benefited more than 95,000 children in need. HIGHLIGHTS OF THE EPISODE 02:33 Stay tuned for our big announcement! 02:50 Rod Khleif's introduction and background 09:08 What Rod did after he lost $50 million 13:58 Rod talks about his upcoming Multifamily Virtual Bootcamp in March - use the code ROD FRIEND to get it for only $97 14:20 Text ROD to 72345 to get the link for his boot camp registration 14:38 First thing that Rod does on his boot camp 15:15 Being positive and focusing on what you want 17:42 The goal-setting process 27:57 The burning desire 31:56 Rod's tips for people hungry for success 34:57 The science of achievement and the art of fulfillment 36:50 The Terror Barrier 41:11 How to overcome the Terror Barrier 43:49 What excites Rod 45:09 Acknowledgments to Rod 45:58 Rod's #1 secret to success with real estate NOTABLE QUOTES "An entrepreneur is like a shark, they only die if they stop swimming." - Rod Khleif "I don't call my failures as failures, I call them seminars." - Rod Khleif "Fear regret a whole lot more than failure." - Rod Khleif "There's nothing you can't do." - Rod Khleif "Fear is paralyzing. Action mitigates fear." - Rod Khleif "We fail our way to success." - Rod Khleif CONNECT WITH THE GUEST Rod Khleif: Website | Instagram | Facebook | Linkedin Rod Khleif's Multifamily Virtual Bootcamp: Website Lifetime CashFlow Through Real Estate: Apple Podcast CONNECT WITH THE HOSTS Michael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedin https://linktr.ee/the_airbnbguy Emanuele Pani: Clubhouse | Instagram | Facebook | Linkedin FREE MASTERCLASS TRAINING - https://www.strsecrets.com/masterclass Learn more about your ad choices. Visit megaphone.fm/adchoices

We are excited to introduce a new series of the Short Term Rental Secrets podcast called From The Host! From The Host is all about the behind-the-scenes and actionable items coming from the Mastermind group. We will take you on a journey to see some of the opportunities and questions asked while scaling. In this episode, Mike Reilly, one of the STR Secrets Mastermind coaches shares his experience staying at an Airbnb property in Orlando, FL. Mike breaks down what the host did very well and what the issues were during his recent stay at this property. It's all about the good, the bad, and the ugly! Learn more about your ad choices. Visit megaphone.fm/adchoices