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Episode 127: Payments via Direct Booking, Airbnb Cleaner Badge, Getting Organized
Description
Myka closes on a $48,500 Arkansas house sight unseen off Auction.com - his first full rehab property, budgeting $30,000 to $50,000 for repairs before refinancing it all back out as an Airbnb. The deal came through after a cash-out refi on another property, while he waited out Wells Fargo forbearance documentation that temporarily blocked his primary residence refinance to 3.625%.
The hosts cover payment methods for direct bookings using Stripe and Square (warning about the 2.9% fee), organizing 1,800 past guest phone numbers for SMS marketing through Slick Text, surviving a $4,000 gas line disaster when roofers punctured attic lines during a hail claim repair, dealing with a knife-wielding party at an Airbnb, and why talking to millionaires daily beats any other business education. Steve explains the BRRRR strategy (buy, rehab, rent, refinance, repeat) and his goal of acquiring three properties per year timed to family birthdays.
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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