Episode Details
Back to EpisodesPadSplit Changed the Rules Overnight — 22 Days of Empty Rent
Description
PadSplit changed its booking window to 30 days without warning hosts - Myka discovered a guest booked 22 days out, leaving a room empty with zero revenue. He and Steve break down what that means for cash flow when you're counting on six rents from one house, and why they're now wary of adding more PadSplit units as cities start cracking down.
The conversation covers their current MTR sweet spot (four-bedroom houses with pools command a thousand-dollar premium), the hidden exit advantage of owner-finance deals in Texas, why new-build duplexes with rate buydowns beat traditional mortgages right now, and Airbnb's new 15% host fee driving operators toward direct booking. Steve explains why he'll hand keys back to a seller before he bleeds cash on a bad market, and Myka walks through why he only wants houses now - no more apartment arbitrage headaches.
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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