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Episode 161: Renting to your own LLC, Building business credit, Pitching apartment complexes
Description
Myka and Steve discuss aggressive STR expansion strategies - Steve is furnishing six new units using creative Amazon delivery setups and remote staging teams, while Myka explains how to rent properties to your own LLC to build business credit while keeping personal DTI clean. They detail a method where you rent from an apartment complex personally, then sublease to your LLC, use a service like eCredible to track the payments, and build business credit even when complexes won't approve the LLC directly.
The episode covers pitching apartment complexes as an accommodation company (not an Airbnb company), layering insurance with both homeowners and Proper coverage, getting business auto loans through BBVA Bank, potential plays in Turo and HireCar fleets, partnering with car lot owners for vehicle storage, adding electric scooters as guest amenities, and the rise of cryptocurrency payments in short-term rentals. Steve cautions about the moratorium backlog when it ends and suggests cash-for-keys strategies.
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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