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Episode 58: Balancing life, family and Airbnb with Lupita and Mahogony!
Description
Myka and Steve warn against expanding rental arbitrage too fast after advice from Al Williamson: have one to two months' rent saved per unit before scaling up. After acquiring two downtown Dallas apartments back-to-back, they're pausing to improve margins and build reserves. The push to furnish units quickly led them to pay $650 for a couch set through a wholesaler instead of $300 on Offer Up - a choice that traded time for money.
The episode shifts to family and business balance as wives Lupita and Mahogony join the conversation. Topics include cleaning fees (hosts charge $65, one co-host property charges $105), duplicate listings to fill early checkouts, Facebook Marketplace for corporate bookings, and concerns about an Arlington short-term rental group posting addresses publicly. Personal threads include Lupita's plan to launch a salon and cleaning business, a two-night hospital stay with baby Lucia that reminded Steve why he's building a business, and Mahogony's reflections on jealousy and time after Myka left the corporate world.
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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