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Episode 75: Thriving during a Recession with special guest Mahogany Fitt
Description
The hosts discuss recession fears for 2019, noting that short-term rentals may face challenges from reduced travel and city bans, but operators can pivot to corporate rentals, long-term furnished leases, or lower-tier neighborhoods to weather downturns. They stress buying smart, keeping cash reserves, and leveraging properties rather than paying all cash to maintain flexibility.
Other topics include a neighbor dispute over street parking, the controversy around hosts placing cameras in common areas of their listings, Arlington rental prices spiking as Airbnb operators flee the soft ban, automation strategies to make short-term rentals more passive, and guest Mahogany Fitt's new personal training side hustle. The hosts also cover taking bookings off-platform via direct websites, the value of hands-on learning before outsourcing, and the importance of creating systems that don't bottleneck around the owner.
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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