Don't Trust Your Real Estate Agent

Bill Faeth Unfiltered

Oct 15, 2024•12 min•Ep. 160

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Episode description

https://go.buildstrwealth.com/movetheneedle

Bill discusses the critical importance of evaluating real estate agents when purchasing property. He outlines four essential criteria every agent must meet, highlighting the necessity of running your own numbers and underlining the pitfalls of relying solely on agents' calculations. Bill shares his experiences with top agents such as Avery Carl and Tyler Coon, emphasizing the significance of an agent's experience and their involvement in the short-term rental market. He stresses the importance of agents speaking the industry lingo and owning short-term rentals themselves, providing insights into the best practices for property investment. Bill concludes with advice on focusing on strategic property deals rather than just large-scale investments.

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00:00 Introduction to STR Unfiltered

00:05 Why You Shouldn't Trust Your Real Estate Agent

00:52 The Importance of Running Your Own Numbers

04:37 Using Data Tools for Accurate Projections

06:03 The Significance of STR Sales Experience

08:11 Speaking the STR Lingo

09:43 The Value of Agent Ownership

10:55 Conclusion and Final Thoughts

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On STR Unfiltered, Bill Faeth breaks down the ins and outs of short-term rental hosting, giving listeners actionable advice that they can use to take their businesses to the next level.