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Episode 33: Special Guest Shelby Pracht, retired in her 20's using Airbnb!
Description
Shelby Pracht retired at 28 by turning a bunk bed in her living room into a full-time Airbnb business that paid the mortgage in three months. She now manages three units in Mammoth Lakes, California - a ski-resort town 45 minutes from Yosemite - and charges 25% management fees versus the 40-50% local companies demand. Her winter occupancy hits 100% in peak months, and July revenue beat January this year thanks to Yosemite tourists.
The episode covers how she sources furnishings from thrift stores and Facebook marketplace, why she provides coffee beans with a grinder, dealing with bears breaking into cars, a $150,000 condo now worth $275,000, weathering a snow plow driver who rammed a hole in her house, and the ethics of canceling a short-term booking for a lucrative 88-day corporate stay. Myka and Steve close with a Q&A on Airbnb taxes, must-have amenities, and monthly rental strategies.
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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