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Episode 30: Airbnb Burnout, Cancellations, Group Payments, Co-hosting
Description
Steve faces his first VRBO inquiry - from the same guest who contacted Myka. Both hosts discover they're competing for a $220 booking versus Myka's $11.29 payout, highlighting VRBO's hefty 8% host fee and the need to price much higher on that platform. The episode captures a turning point: despite running an "Airbnb podcast," both hosts are eyeing corporate rentals as the endgame, with Myka closing a three-month corporate booking at $1,700/month and Steve considering a six-condo package deal that would put him "a couple thousand off retirement."
The hosts tackle Airbnb's new group payment feature that blocks calendars for 72 hours while multiple guests sort out payment, the lack of a mass-snooze button for vacation time, and the platform's increasingly guest-favored policies. They discuss pricing strategy ("cheaper isn't always better"), the value of building a direct-booking website, adding amenities like gym access, and why an interior decorator might be the next smart hire. A Spectrum tech's story about an $8,000/month Highland Park rental and Grant Cardone's 10X philosophy fuel their corporate-rental pivot.
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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