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Episode 40: Special Guest Jerome Charles talks Fixer Uppper Airbnbs!

Episode 40: Special Guest Jerome Charles talks Fixer Uppper Airbnbs!

Episode 40 Published 8 years, 8 months ago
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Jerome Charles joins the show to walk through his triplex renovation in Winston-Salem, North Carolina - gutting one apartment down to the studs after borrowing from his TSP retirement plan, getting ripped off by a general contractor who marked up subcontractor bids by 200-300%, and learning tenant screening the hard way when a 442-credit-score renter drove the downstairs tenants insane with 4am jumping jacks and door barricades. Jerome now runs one unit as a five-star Airbnb with local Moravian treats in a welcome basket, Alexa playing Frank Sinatra on arrival, and strict 650-minimum credit checks for long-term tenants.

The conversation covers eviction speed in North Carolina (under 30 days), the Airbnb cancellation policy that netted Jerome over $1,000 when a nursing student backed out three weeks before a two-month stay, why he stopped accepting 30-day-plus bookings through Airbnb (higher bad-review risk), offering building-wide mesh Wi-Fi to long-term tenants at $30/month, using Cozy for tenant screening and rent collection, and income property inspiration from HGTV shows like Flip or Flop and Income Property. Jerome found the podcast searching "Airbnb podcast" after Shampoo and Booze stopped recording.

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Myka's other podcast, Entrepremarriage — building wealth without losing the marriage: youtube.com/@Entrepremarriage

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