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Health Insurance Is the Only Reason I Haven’t Quit My Job
Description
$600 a month through the job. About $1,600 a month buying it himself. That $1,000 difference is the entire reason Steve is still clocking in three days a week — and in this episode he does the math out loud on whether it is worth staying.
The answer he lands on: one cheap C-class 6- or 7-bedroom house profiting $1,500 a month pays for a whole year of health insurance. And he is trying to buy one to three houses a month, not one a year.
In this solo episode:
- The real quit math, and why a 6-month leave of absence beats resigning
- Stalled at 50 units and trying to get to 100
- Winterizing across 50 doors through a Texas ice storm — spigot covers, dripping faucets, daily guest reminders
- Why he refuses to call the handyman himself: the owner becomes the bottleneck
- Catching leaks from city water-usage emails instead of the bill
- The night his one-year-old was in Cook Children’s and the first Airbnb’s AC went out — and why he now keeps three handymen and pays a premium
- Starting this podcast nine years ago with rock-and-roll mics and a coat-hanger pop filter
- Vending machines as a revenue layer on top of PadSplits, and the 12-unit lobby where he has three Airbnbs
- PadSplit’s new-construction 10-bedroom builds in Houston’s Fifth Ward, and why co-living is not about to eat the mom and pops
- Walking away from a DSCR deal that wanted $70,000 down, and closing the third PadSplit on seller finance instead
- Why PadSplits belong in C and C+ areas, not high-end neighborhoods with HOAs
- If you are 100% booked, you are charging too little
Work with us. Interested in professional management or consulting?
Myka — Sharebnb: www.sharebnb.com
Steve — Argest Rentals: www.ArgestRentals.com
Sign up for PadSplit with Steve's link and get a free 1-on-1 PadSplit strategy call with Stevie Stacks: padsplit.com/hosts
Myka's other podcast, Entrepremarriage — building wealth without losing the marriage: youtube.com/@Entrepremarriage
All our links: linktr.ee/liveletthrive
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