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Episode 152: Airbnb World Domination, Arbitrage VS Buying, Peerspace & more!
Description
Myka and Steve break down the real startup costs of arbitrage versus buying: Myka's last one-bedroom arbitrage cost him nearly $10,000 to furnish and launch, while his latest three-bedroom house purchase using the BRRRR method cost only $4,000 out of pocket and now cash flows $2,000 a month. They discuss how COVID has shifted the market - one-bedroom arbitrages in Houston are struggling at $40 a night due to oversaturation, while property owners are starting to reach out asking about arbitrage and corporate leasing as traditional renting slows.
The conversation covers daily prospecting tactics that landed Myka three apartment tours in one week, why fully furnished arbitrage deals with no on-site management are the best play right now, and how branding as a corporate housing company helps secure both landlord approvals and higher rates from travel nurses. They also discuss Airbnb's stock surge past $200, the explosion of people asking "Can I Airbnb your place?", and why knowing multiple strategies - arbitrage, BRRRR, co-hosting, and direct sales - is the key to making connections and scaling in 2021.
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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