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Episode 65: "The Triple Dip" Staging-Renting-Selling your STR all at once!
Description
Steve shares an Arkansas property deal found through a realtor connection - a $75,000 house that comps at $180,000, structured that way because the seller can only profit $5,000 without losing Medicaid coverage. The hosts discuss pricing strategy: keep Airbnb prices high until the week arrives, then drop them if needed, but always keep VRBO prices elevated because those guests book further out and pay premium rates. Wednesday and Thursday are the money days - guests booking weekend stays flood in mid-week, so raise Friday-Sunday prices every Wednesday to capture maximum revenue.
The episode covers health insurance costs for leaving corporate jobs ($350 to $500-600 monthly through an agent), the triple-dip strategy of staging a property as an Airbnb while listing it for sale, travel hacking with credit card sign-up bonuses, and why small businesses need modern payment systems like Square, Zelle, or Cash App instead of cash-only operations. Myka operates a 50/50 partnership on a Fort Worth property that books heavily on VRBO at $130-140 per night, while his Little Rock house rents at $65 on Airbnb and $125 on VRBO with a $700 mortgage.
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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