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The $5,000 Setup Fee She Only Charges After You Profit - Kami Myles
Description
Kami Myles runs 14 short-term rental listings across four states and guarantees first-month earnings cover her $5,000 setup fee—she's never had a property make less than $6,000 in month one. She charges investors nothing upfront, taking payment only after the property starts generating revenue, and her management model has helped her weather multiple city STR bans and her husband's repeated corporate layoffs.
The episode covers Kami's transition from destroyed long-term rental to $10,000/month Airbnb operation, her furniture sourcing shortcuts using Rooms To Go 0% financing, the hidden costs of trying to manage guest communication yourself, navigating city bans through legal challenges and strategic property positioning, and why she abandoned the sprinter van rental idea after a week-long field test nearly ended her marriage. Myka and Steve also discuss lockbox mishaps, the nightmare of Airbnb customer service, and whether VRBO is silently imploding.
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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