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The Darkside of Direct Booking. Chargebacks and Fraudsters!
Description
Mike Brown lost four chargebacks totaling thousands despite having proof guests stayed - photos, texts, even their dog. Chase denied every claim. The hosts explain why Hospitable's new 6% direct booking feature matters: they become the merchant of record, shielding you from that risk. But direct bookings aren't all upside - fraud is rising, and without platform protection, one bad actor can wipe out months of profit.
The episode covers Dallas cracking down on unpaid STR taxes through apartment complexes, Fort Worth's June 1st regulations opening the market, Plano's year-long freeze on new registrations, and why Myka and Steve are exiting their Dallas arbitrage units. They discuss tired-host management opportunities, the hidden cost of cheap apartment rehabs, matter port tours driving direct bookings, and why themed kids' rooms in oversized closets could unlock a third bedroom's revenue.
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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