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Ep. 164: Hyrecar, Corporate Housing, Biz Credit, Timeshares! w/ Teonna Cruse
Description
Teonna Cruse runs seven hire car vehicles with a management company and makes $600-$700 per month per car - completely passive. She went from zero cars to seven in four months by leveraging personal credit across three people in her household, getting multiple auto loans approved simultaneously by controlling which banks saw her credit. The management company handles everything from dealership pickup to maintenance for $50-$100 per month per vehicle, while she focuses on her corporate housing units.
The episode covers Teonna's corporate housing model where she gets clients first through CHPA (Corporate Housing Providers Association), then furnishes apartments in under a week using NWM Rentals ($375/month for full setup). She runs all Airbnb payouts through PayPal to build business credit and qualify for working capital loans, keeping Airbnb transactions off her bank statements when apartment complexes request financials. She also operates 240 timeshare listings and discusses building business credit through net-30 accounts, virtual addresses, and leveraging banking relationships.
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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