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PadSplit Tenant Nightmare: What They Don’t Tell You
Description
Steve recounts evicting a violent PadSplit tenant who kicked through cabinets, slashed another resident's tire, shattered a front-door window, and pounded on a roommate's door hard enough to pop it open - all within weeks of move-in. The 24-year-old Amazon worker showed red flags from the first video call, answered shirtless with one-word replies, and threatened "I'll leave if PadSplit tells me to." When Steve finally got PadSplit to cancel the account and forced him out, the tenant left a hole kicked through the bedroom wall. Steve now has two PadSplit properties running and is pulling cash out of older rentals to buy two more houses - one poolside corporate/Airbnb and one C-class six-bedroom PadSplit conversion - using seller finance to put down just $20k on a $315k property.
Steve contrasts the hands-off operation of his Airbnb and corporate portfolio with being "back in the trenches" learning PadSplit by trial and error. He explains how knowing multiple rental strategies - short-term, corporate, long-term, and now PadSplit - lets him spot value in properties other investors pass on. He closes on buying his first-ever new car, a Ford Expedition for his wife, and pitching her on renting their own house during the 2026 World Cup in Arlington to fund a Disney cruise.
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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