A property investment manual that appealingly puts candor before gloss.
Entrepreneur Faeth presents a no-nonsense guide to investing in short-term rentals.
This manual, which aims to help readers hoping to make “$250,000 Per Year from Airbnbs with One Up-Front Investment,” presents a healthy balance of serious, well-structured investment advice alongside simple pep-talk. The opening vignettes—which present readers with meditations on building wealth as a craft, the legacy of the author’s childhood in Bakersfield, California, and his mother’s kitchen-table accounting lessons—are brief and effectively establish the author’s credibility without dwelling excessively on his fortunes. The book’s central thesis is that anyone, with clarity and discipline, can forge a path to generational wealth, and it centers on his “250 Plan”—a strategy to scale five properties in five years, each yielding $50,000 in net annual income. Faeth asserts that success hinges on more than cash flow, although it is one of his “Four Pillars,” which also include appreciation, paying down debt, and tax benefits. These four elements, he says, can be used together to transform ordinary rentals into “Super Properties.” He warns of the risks of government regulation and inconsistent guest experiences—which he characterizes as the two great hazards of the short-term rental field—and offers advice on proactive risk management and hospitality standards. He guides readers through market selection, underwriting, financing tactics, pricing optimization, and the application of technology for automating marketing and booking. A sprinkle of cautionary tales, addressing such things as expenses for missed snow removal and lackluster property managers, gives the book some real-world color. Formulas, calculators, and anecdotes from the author’s protégés further underscore that the book features not armchair theory, but stories from lived experience. Overall, it’s a brisk, colloquial, and straightforward investment manual. Faeth delights in skewering lazy investors and bland, Ikea-furnished listings; he names names and shares secrets, demystifying a volatile, overhyped sector without dampening its possibilities. Readers may wish for more examples of what happens when things don’t work out, but aspiring investors who prefer a clear path over vague promises will find what they’re looking for here.
A property investment manual that appealingly puts candor before gloss.Pub Date: Oct. 7, 2025
ISBN: 9798891387096
Page Count: 168
Publisher: Amplify Publishing
Review Posted Online: Sept. 26, 2025
Kirkus Reviews Issue: Nov. 15, 2025
Review Program: Kirkus Indie
Highly instructive for would-be tycoons, with plenty of entertaining interludes.
Well-crafted memoir by the noted media mogul.
Diller’s home life as a youngster was anything but happy; as he writes early on, “The household I grew up in was perfectly dysfunctional.” His mother lived in her own world, his father was knee-deep in business deals, his brother was a heroin addict, and he tried to play by all the rules in order to allay “my fear of the consequences from my incipient homosexuality.” Somehow he fell into the orbit of show business figures like Lew Wasserman (“I was once arrested for joy-riding in Mrs. Wasserman’s Bentley”) and decided that Hollywood offered the right kind of escape. Starting in the proverbial mailroom, he worked his way up to be a junior talent agent, then scrambled up the ladder to become a high-up executive at ABC, head of Paramount and Fox, and an internet pioneer who invested in Match.com and took over a revitalized Ticketmaster. None of that ascent was easy, and Diller documents several key failures along the way, including boardroom betrayals (“What a monumental dope I’d been. They’d taken over the company—in a merger I’d created—with venality and duplicity”) and strategic missteps. It’s no news that the corporate world is rife with misbehavior, but the better part of Diller’s book is his dish on the players: He meets Jack Nicholson at the William Morris Agency, “wandering through the halls, looking for anyone who’d pay attention to him”; hangs out with Warren Beatty, ever on the make; mispronounces Barbra Streisand’s name (“her glare at me as she walked out would have fried a fish”); learns a remedy for prostatitis from Katharine Hepburn (“My father was an expert urological surgeon, and I know what I’m doing”); and much more in one of the better show-biz memoirs to appear in recent years.
Highly instructive for would-be tycoons, with plenty of entertaining interludes.Pub Date: May 20, 2025
ISBN: 9780593317877
Page Count: 352
Publisher: Simon & Schuster
Review Posted Online: May 12, 2025
Kirkus Reviews Issue: June 15, 2025
SEEN & HEARD
SEEN & HEARD
SEEN & HEARD
Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.
“Quality of life means more than just consumption”: Two MIT economists urge that a smarter, more politically aware economics be brought to bear on social issues.
It’s no secret, write Banerjee and Duflo (co-authors: Poor Economics: A Radical Rethinking of the Way To Fight Global Poverty, 2011), that “we seem to have fallen on hard times.” Immigration, trade, inequality, and taxation problems present themselves daily, and they seem to be intractable. Economics can be put to use in figuring out these big-issue questions. Data can be adduced, for example, to answer the question of whether immigration tends to suppress wages. The answer: “There is no evidence low-skilled migration to rich countries drives wage and employment down for the natives.” In fact, it opens up opportunities for those natives by freeing them to look for better work. The problem becomes thornier when it comes to the matter of free trade; as the authors observe, “left-behind people live in left-behind places,” which explains why regional poverty descended on Appalachia when so many manufacturing jobs left for China in the age of globalism, leaving behind not just left-behind people but also people ripe for exploitation by nationalist politicians. The authors add, interestingly, that the same thing occurred in parts of Germany, Spain, and Norway that fell victim to the “China shock.” In what they call a “slightly technical aside,” they build a case for addressing trade issues not with trade wars but with consumption taxes: “It makes no sense to ask agricultural workers to lose their jobs just so steelworkers can keep theirs, which is what tariffs accomplish.” Policymakers might want to consider such counsel, especially when it is coupled with the observation that free trade benefits workers in poor countries but punishes workers in rich ones.
Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.Pub Date: Nov. 12, 2019
ISBN: 978-1-61039-950-0
Page Count: 432
Publisher: PublicAffairs
Review Posted Online: Aug. 28, 2019
Kirkus Reviews Issue: Sept. 15, 2019
SEEN & HEARD
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