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Turnkey Airbnb's W/ Houston Realtor Stedman Esene
Description
Stedman Esene sold a staged four-unit property for $80,000 in 30 days - not the building itself, but the arbitrage lease plus furniture. After nearly losing his portfolio in the pandemic, he pivoted from one and two bedrooms to single-family homes of three bedrooms or more, then accidentally created a "Turnkey BnB" model: stage a property, prove projections, sell the lease and furniture to an investor for $15,000 to $80,000, walk away in profit before the first guest even books. He's done twelve of these deals in two years.
The hosts explore applying the model to a Dallas rehab gone over budget, discuss Houston saturation (three bedrooms and up still work, one and two bedrooms struggle), travel nurse strategies including room-by-room arbitrage, and the mechanics of vetting sub-lessees. Stedman runs a brokerage where 90% of agents operate short-term rentals themselves, uses projections to add $20,000 to flip prices by staging homes as Airbnbs before listing on the MLS, and just bought his first Dallas property near Bishop Arts.
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
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