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Episode 185: Airbnbing on a Tropical Island w/ Jamila Godwin!
Description
Jamila Godwin runs a vacation rental on Bermuda—a 400-square-foot converted garage studio she priced around $160/night before the pandemic. When COVID hit, she pivoted to hosting college students quarantining for two or three weeks, then moved to a long-term tenant at six months, later over a year. She never shut down completely.
The episode covers Bermuda's sky-high real estate (a $700k house buys far less than in Texas, 20% down payment required even for owner-occupants, and mortgage rates above 6.5%), the island's status as a reinsurance hub, foreign ownership rules requiring a local partner, and hurricane-resistant construction. Jamila now sells Canva welcome-book templates and Airbnb signage on Etsy, seeing a 400% traffic spike after joining Facebook groups. The hosts discuss towel colors (Jamila skipped all-white from day one), the rise of QR codes, smart-lock failures, and Airbnb's expanded damage-protection policy.
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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