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Fort Worth Code Enforcement Shut Us Down - Pivoting to 30-Day Corporate Rentals
Description
Steve gets a warning call from Fort Worth code enforcement shutting down his new Airbnb before it barely launched - no fine yet, but the city says corporate 30-day rentals only. He pivots to furnished finder corporate housing and talks through whether to ignore the warning (a contact claims to know judges) or play it safe. Meanwhile, Myka just launched five new Houston units under the ShareBnB brand with stay-fi routers that capture guest data for direct booking funnels, custom rugs, branded coffee mugs, and pillows stamping the company name everywhere guests look.
The guys debut Live Let Thrive on the Clubhouse app and trade notes on pandemic pivots: Myka's chasing a 100k business line of credit at BBVA to fund 15 more doors by mid-2021, Steve and Federico are launching a management company called Argus Rentals, and both hosts expect a possible January-February lockdown wave but plan to stay aggressive on acquisitions. They debate whether Airbnb hosts are assets or liabilities now that the company's IPO windfall might fund lobbying in ban-heavy cities, and Steve admits he never communicated his security systems to the interior designer - a costly Houston trip to retrofit locks and sensors after the fact.
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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