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Who's Responsible for Arbitrage Maintenance? Landlord? Host? Airbnb?
Description
Stevie Stacks wrestles with a $640 ceiling repair at an arbitrage property after a tenant failed to report a weeks-long leak. Rather than alert the landlord - who previously blamed him for a winter freeze pipe burst and an electrical issue - he pays out of pocket to protect a profitable property that nets nearly $2,000/month. He's also installing $1,000+ barn doors to convert the office into a fourth bedroom, gambling that the upgrade will pay off even though he doesn't own the house.
The episode dives into the murky question of who pays for what in arbitrage deals: how to negotiate maintenance thresholds with landlords, when to eat a repair cost yourself, and why apartment complexes often move too slowly for short-term rental turnarounds. Stevie also explores pivoting his Fort Worth long-term rental - hit twice by non-paying tenants - into Section 8 housing after an older woman with a housing voucher applies.
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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