Super Properties
Your Step-by-Step Guide to Making $250,000 Per Year from Airbnbs with One Up-Front Investment
Super Properties is an insightful guidebook that ushers committed rental real estate investors to success.
Bill Faeth’s authoritative business guide Super Properties is about achieving success in the short-term rental investments field.
The short-term rental market remains a lucrative investment, the book asserts, as sites like Airbnb and Vrbo continue to reap financial benefits for new investors. This manual for first-time and experienced investors alike takes an “unfiltered approach to investing in real estate,” with strategic insights and actionable steps. Drawing on Faeth’s thirty years of experience and current management of twenty-seven properties (he shifted from long-term to short-term rentals in 2015), the book introduces the “250 Plan” for achieving $250K of annual income using precise strategies. Its method is further supplemented by the identification of online tools and resources.
Mixing lively examples with practical business models, the prose is energetic and enthusiastic, and it balances optimism with elucidations of real estate realities to temper expectations. Indeed, the book’s 250 Plan is couched as “not a get-rich-quick scheme” but one that builds with requisite minimums: initial investment, a five-year timeline, and a five-property portfolio. And though automation is available for property management, the text asserts that hard work, attention to detail, and maintaining high standards remain critical to increasing returns on investments.
Faeth examines the minutiae of evaluating investment properties with clarity, proffering step-by-step guidance for entering the short-term rental market and reviewing principles like the four investment pillars (cash flow, appreciation, down payments, and tax benefits). The book also enumerates potential mistakes people make before, during, and after property acquisition with advice on mitigating them. For instance, it addresses how to use a rating system to evaluate a target property against competitors and the question of whether to hire a property manager.
Personalized insights, as with the naming of the specific companies Faeth uses in his own investing alongside breakdowns of which work best for the size of his rental portfolio, are presented as examples. Recommendations are included, for instance, on which companies offer dynamic pricing software and marketing tools. Still, some of the featured tools are proprietary to Faeth’s business model, limiting the reach of the related advice. Multiple US markets and a variety of investment ranges are represented, though, and sidebar tips, resources, graphics, and general planning formulas help make the work actionable. Although most of the book’s terminology is clear, some of the topics it covers do presuppose foundational investment knowledge that could hold newcomers at a distance.
Super Properties is a straightforward and informative investor’s guide to achieving success in the short-term rental market.
Reviewed by
Katy Keffer
Disclosure: This article is not an endorsement, but a review. The publisher of this book provided free copies of the book and paid a small fee to have their book reviewed by a professional reviewer. Foreword Reviews and Clarion Reviews make no guarantee that the publisher will receive a positive review. Foreword Magazine, Inc. is disclosing this in accordance with the Federal Trade Commission’s 16 CFR, Part 255.
