Episode Details
Back to Episodes
Crazy PadSplit Tenant Stories & Why We’re Ditching Short-Term Rentals
Description
Myka makes $30,000 per month from a single halfway house in California - eight rooms with bunk beds - and explains why he's considering leaving short-term rentals entirely for long-term cash flow. The transition would simplify operations and eliminate constant turnover headaches, though PadSplit has brought its own learning curve with tenant screening and insurance questions.
The episode covers Airbnb's new 15% fee on third-party software users, multifamily acquisition strategies including a 12-unit deal that dropped $100,000 in price, and how Master P taught 50 Cent business fundamentals by locking him into shows that paid off after he went platinum. Stevie Stacks details evicting a PadSplit tenant who punched out door glass and broke into another resident's room, plus the insurance gray areas of renting by the room through a corporate lease structure.
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
#airbnb #airbnbhost #shorttermrentals #midtermrentals #padsplit #rentbytheroom #coliving #corporatehousing #BRRRR #realestate #realestateinvesting #VRBO #shareeconomy #airbnbsuperhost #airbnbpodcast #sharebnb #liveletthrive #liveletthrivepodcast #biggerpockets #directbookings #bookdirect #dfwrealestate