Live Let Thrive Podcast

Send us Fan MailJT Nicasio's company owns and manages more than 100 Airbnbs across 20 markets, charging $1,000 to $5,000 a night at 80 to 90% booked, and he isn't worried about guests skipping the dishes. He's worried about the hot tubs, saunas and kayaks. When a guest slipped by the pool at a home his team manages and sued, the signed amenity waiver and the camera footage are what ended it. The way JT reads Airbnb's new rules for bookings made on or after November 20, those waivers are gone, and he calls it a lawsuit and insurance nightmare. His plan: lean on the HOA and city rules Airbnb has to honor.Episode 357! This one's different: Julie George, the Million Dollar Host, pulled Myka and Stevie Stacks into her mastermind of 140 property managers from around the world, and we're airing the whole call. Steve explains how his PadSplits turn a $1,900 long-term rent into more than $4,000 a month, Ashley Lang runs 56 midterm units at 97% occupancy, and Julie's line for the room is "door count is vanity, profit is sanity." Then the new Airbnb rules: Holly Westaway on dishes and trash bins at homes that sleep 16 to 20, why the phone-number and email ban reads like a shot at direct booking, workarounds through building, HOA and city rules, and Tracey Northcott's Booking.com setup: 50% up front, zero chargebacks. Myka and Steve close with their own take, from why hotels don't get party bookings (your card is on file) to whether Airbnb's cleaning fees are next.JOIN JULIE GEORGE'S MILLION DOLLAR HOST MASTERMIND140+ short-term rental operators and property managers, three live calls a week. Use code MYKA for 10% off your first payment (affiliate link): https://www.milliondollarhost.com.au/a/2147592144/F2H87XVf🚀 Join Springboard to WealthIf you’re serious about building wealth through real estate and surrounding yourself with the right community, Springboard to Wealth is a powerful next step.Led by Thach Nguyen and Stephanie Owens, this mentorship community provides real estate education, accountability, live events, and proven strategies to help you move from learning to execution.If you’re ready to level up and take action, this may be the room for you.Apply here (affiliate link): https://e26nxg27col.typeform.com/to/OaebIv7EMENTIONED IN THIS EPISODEBooks• Million Dollar Host — Julie George• The Pumpkin Plan — Mike Michalowicz (Myka's "pumpkin plan it")People• Julie George, Million Dollar Host — her mastermind meets three times a week; thank you for letting us air it• On the call: JT Nicasio (Host Haven), Holly Westaway, Tracey Northcott, Ashley Lang• Steve Schwab, Casago · Mark Simpson, Boostly · Arthur Colker, StayFi (we want him on the show)Tools & programs: Airbnb's new house rules policy (for bookings made on or after Nov 20 — read the full policy on Airbnb), PadSplit, Furnished Finder, Booking.com, Vrbo, StayFi, Autohost, Truvi, ClaudeCHAPTERS0:00 Cold Open0:47 Why This Episode Is Different: Julie George's Mastermind1:53 Steve on STR, Corporate Rentals and PadSplit2:13 What PadSplit Is, for a Global Audience3:42 Share Houses in Japan5:09 PadSplit Where You Can't Airbnb: $1,900 Rent vs $4,000+6:33 Co-Living for Professionals7:58 A 12-Bedroom PadSplit Turned Midterm Rental9:31 56 Midterm Units at 97% Occupancy10:47 100+ Airbnbs and Insurance Stays After the LA Fires12:23 Myka's Short-Term/Midterm Split13:03 17 Units to 8: Door Count Is Vanity, Profit Is Sanity14:27 Airbnb's Nov 20 Rules: No More Guest Chores15:35 Dishes for 20 Guests17:54 Trash Rules in Japan and Hosts Under Fire Online19:31 Missed Bin Days and Rewarding Guests20:47 "Don't Be a Slob" Got Approved21:33 No Waivers: A Lawsuit and Insurance Nightmare25:10 Midterm Trash and Making It a City Issue26:45 The 28-Day Exemption and Insurance Bookings29:32 Building Agreements as a Workaround30:41 HOA and City Rules Airbnb Has to Follow32:43 Will These Rules Attract the Wrong Guests?34:35 ID Checks: Meet-and-Greets and FaceTime36:19 What Happens to StayFi, Autohost and Truvi?37:27 Why Hosts Aren't United39:06 Vrbo Still Lets You Check IDs39:53 Did Vrbo's Commercials Force Airbnb's Hand?41:55 Why Hosts Split When Cities Crack Down43:27 Bad Hosts and Bad Management44:48 No Phone Numbers or Emails: A Shot at Direct Booking46:07 Do Owners Even Know Yet?46:59 API-Connected Listings Get More Time48:56 Booking.com Is Stepping Up51:06 How to Avoid Booking.com Scams51:49 50% Up Front, Zero Chargebacks57:07 Let Booking.com Collect, and a 4-Hour Cancel Window1:00:20 Julie's Mastermind Calls1:02:43 Myka & Steve's Take1:03:07 What Kind of Hosts Will Airbnb Attract?1:04:09 Day Guests, Parties and One-Strike Rules1:04:59 Pool Waivers and Your Own Insurance1:06:00 Is Airbnb Pulling Everything In-House?1:07:03 Using Building, HOA and City Rules1:08:02 Having Claude Pull Every City's Rules1:10:19 Airbnb Wants to Be a Hotel: Are Cleaning Fees Next?1:11:39 Why Hotels Don't Get Party Bookings1:13:05 Vrbo vs Airbnb: Pricing and Guests1:15:41 Hidden Phone Numbers and the Zillow Workaround1:16:42 The Hotel That Locks Up Its Remotes1:17:20 Closing ThoughtsBecome a Live Let Thrive Insider: For $3 a month, get every new episode 5 days before everyone else. Raw, uncut, and early. Join here: https://www.buzzsprout.com/2641586/subscribe Julie George's Million Dollar HostSTR mastermind: 140+ operators, 3 live calls a week. Code MYKA = 10% off your first payment. Springboard to WealthReal estate mentorship with Thach Nguyen & Stephanie Owens: education, accountability, live events.Julie George's Million Dollar HostSTR mastermind: 140+ operators, 3 live calls a week. Code MYKA = 10% off your first payment.Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the showWork with us. Interested in professional management or consulting?Myka — Sharebnb: www.sharebnb.comSteve — Argest Rentals: www.ArgestRentals.comSign up for PadSplit with Steve's link and get a free 1-on-1 PadSplit strategy call with Stevie Stacks: padsplit.com/hostsMyka's other podcast, Entrepremarriage — building wealth without losing the marriage: youtube.com/@EntrepremarriageAll our links: linktr.ee/liveletthrive#airbnb #airbnbhost #shorttermrentals #midtermrentals #padsplit #rentbytheroom #coliving #corporatehousing #BRRRR #realestate #realestateinvesting #VRBO #shareeconomy #airbnbsuperhost #airbnbpodcast #sharebnb #liveletthrive #liveletthrivepodcast #biggerpockets #directbookings #bookdirect #dfwrealestate

Send us Fan MailStarting November 20, Airbnb's new house rules take a lot out of the host's hands. Steve walks through the breakdown: no more rental agreements unless one of four exceptions applies (an HOA or building rule, an optional add-on like a golf cart, a stay of 28 nights or more, or a Luxe listing), no more asking guests to strip beds or take the trash out, no requiring a third-party app or Wi-Fi sign-in to get in, and no collecting phone numbers, emails, IDs or background checks. Steve says that last part just took a shot at StayFi. Myka's workaround: take Wi-Fi off the listing's amenities and offer it on request, and he ran his house rules and check-in instructions through Claude to make sure he's compliant before the deadline.Episode 356! Then Myka and Stevie Stacks ask whether PadSplit is the safer play now that Airbnb hosts are going in blind. A Frisco house rented by the room — nine bedrooms bringing in $8,100 a month on a $4,000 payment — and the ethics of building a business around one kind of tenant. Steve's three six-bedroom PadSplits and which one has the most drama (not the one you'd guess), managing 27 personalities, why he lets rooms sit empty until the right person applies, and using the DISC test to pick roommates. Plus Floyd Mayweather's money problems, the Fair Park parking hustle at the State Fair of Texas, $25 turkey legs and a fable about a donkey, and Vivint at $70 a month vs Ring cameras.MENTIONED IN THIS EPISODEPeople• Arthur Colker, StayFi — we want him back on the show to talk about the new rules• Mark Simpson, Boostly — said Airbnb would end up here• Shout-out: our friend JibranTools & programs: Airbnb's new house rules policy (effective Nov 20 — read the full policy on Airbnb), StayFi, Claude, ChatGPT, PadSplit, Truvi, Superhog, the DISC personality test, Vivint, RingAlso: Vrbo's Nick Saban commercialsCHAPTERS0:00 Cold Open1:51 Floyd Mayweather: $100M a Fight, Still Broke2:36 Why You Need an End Goal3:37 Airbnb's New Rules Start November 204:32 Rental Agreements Banned: The 4 Exceptions5:22 No More Asking Guests to Do Chores6:24 Midterm Guests and Trash Day7:36 No Required Apps or Wi-Fi Logins: A Shot at StayFi?7:56 Myka's Workaround: Take Wi-Fi Off the Listing9:48 Use Claude to Check Your House Rules10:17 No Phone Numbers, IDs or Background Checks11:53 Is Airbnb Going After Direct Bookings?13:45 Penalty-Free Cancellations for Rule Breakers14:18 Hotels, Vrbo and the Nick Saban Ads16:19 "Can I Just Say I'm in an HOA?"17:56 We're Corporate Rentals First18:24 Is PadSplit More Sustainable Now?19:20 The Frisco House Rented by the Room: 9 Bedrooms22:20 Are You Serving Your Tenants or Using Them?25:06 The $1,000-Commission Agent Who Got Sued26:39 What Is Steering?29:48 AI Makes Every Listing Look Good Now30:28 $8,100 a Month on a $4,000 Payment30:45 Steve's 3 PadSplits: Which House Has the Drama?32:39 Managing 27 Personalities33:33 The Complainer in the All-Guys House35:41 Do You Really Need House Meetings?36:48 PadSplit Reviews Follow Bad Roommates37:47 Bad Guests: Airbnb vs PadSplit39:06 How Steve Screens PadSplit Members40:19 Use the DISC Test to Pick Roommates42:21 Truvi, Superhog and Going in Blind42:59 The November 20 Airbnb Boycott44:45 The State Fair of Texas46:45 The Fair Park Parking Hustle49:08 Airbnb It Part-Time, Park Cars at Fair Time51:19 $25 Turkey Legs and the Donkey Fable53:55 The Texas Senate Race Mailers57:59 Security Cameras: Vivint vs Ring59:50 Ring's AI Camera Alerts1:01:39 Where to Find UsBecome a Live Let Thrive Insider: For $3 a month, get every new episode 5 days before everyone else. Raw, uncut, and early. Join here: https://www.buzzsprout.com/2641586/subscribe Julie George's Million Dollar HostSTR mastermind: 140+ operators, 3 live calls a week. Code MYKA = 10% off your first payment. Springboard to WealthReal estate mentorship with Thach Nguyen & Stephanie Owens: education, accountability, live events.Springboard to WealthReal estate mentorship with Thach Nguyen & Stephanie Owens: education, accountability, live events.Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the showWork with us. Interested in professional management or consulting?Myka — Sharebnb: www.sharebnb.comSteve — Argest Rentals: www.ArgestRentals.comSign up for PadSplit with Steve's link and get a free 1-on-1 PadSplit strategy call with Stevie Stacks: padsplit.com/hostsMyka's other podcast, Entrepremarriage — building wealth without losing the marriage: youtube.com/@EntrepremarriageAll our links: linktr.ee/liveletthrive#airbnb #airbnbhost #shorttermrentals #midtermrentals #padsplit #rentbytheroom #coliving #corporatehousing #BRRRR #realestate #realestateinvesting #VRBO #shareeconomy #airbnbsuperhost #airbnbpodcast #sharebnb #liveletthrive #liveletthrivepodcast #biggerpockets #directbookings #bookdirect #dfwrealestate

Send us Fan MailSteve was catching up with the guy who used to clean their old Dallas units when he got reminded of this one: the police called Steve asking about the guest in one of their Airbnbs just north of downtown, then kicked in the door and arrested her — she was on the run from a killing in California. The cops told the cleaner to clear the place out, and he kept the PS5 and the Bose headphones. That's the hood-rental school both hosts came up in, and they say it still beats anything a guru will sell you: you see every situation, you learn which guests your price attracts, and you learn that an apartment manager who's a little too eager to let you Airbnb is a red flag.Episode 355! Myka and Stevie Stacks start at Texas Roadhouse and Chick-fil-A — customer service is what you charge extra for — then get into Stephen Jackson saying today's players lost their hunger. Myka's research says Arkansas only dropped 6% in the 2008 crash against 19 to 26% nationally, and Steve thinks Texas has a lot more room to fall this time, with refinances down 60%. An AI pyramid scheme whose sales call was a robot, AI-touched profile photos on every Airbnb booking, and listener Vincent Reyes on RMLOs for owner-finance deals. Then the $30K flip vs $12K a year in rent fight, backup Wi-Fi when AT&T goes down, charging construction crews for the beer-can trash, midterm security deposits ($1,500 vs $2,000), why Steve won't front rent for a third-party housing company, a 4-bed, 2-bath that did about $20K in two months, robo-taxis and a future with no driveways, and why the hungriest people win.MENTIONED IN THIS EPISODEBooks• The Frictionless MTR System — Vivian Yip (the step-up pricing Myka is using)• The Alchemist — Paulo Coelho• As You Like It — Shakespeare ("Sweet are the uses of adversity")Podcasts• The BetterLife Podcast — Brandon Turner and Cam Cathcart• Founders — David Senra• The Joe Rogan ExperiencePeople• Stephen Jackson on today's NBA players• Shout-outs: listener Vincent Reyes, Josh from the YouTube comments, Myka's mentorTools & programs: RMLOs for owner-finance buyers, cost segregation and the short-term rental tax loophole (talk to your CPA), PriceLabs, Starlink, T-Mobile Home Internet, Via in Arlington, Waymo, Zoox, ChatGPT, ClaudeCHAPTERS0:00 Cold Open0:54 Texas Roadhouse: Hospitality Is the Business4:31 Chick-fil-A vs Zaxby's: Service Sets the Price6:19 Nice Place or Great Service? Rentals Need Both6:35 We Got Rid of All Our Hood Dallas Units7:54 Starting in the Hood Teaches You Everything8:37 Cops Kicked In the Door: Our Guest Was a Fugitive10:38 Cheap Pricing Attracts Guests Who Cancel12:14 Arbitrage Tip: An Eager Landlord Is a Red Flag13:44 How Myka Got Overstays Out14:27 Stephen Jackson: Players Lost Their Hunger17:25 Arkansas Only Dropped 6% in 200818:49 Texas Has More Room to Fall This Time19:53 Refinances Down 60% — Be Prepared20:46 The AI Pyramid Scheme Pitch22:25 The Sales Call Was an AI Robot24:04 AI Photos on Every Airbnb Profile26:44 Listener Vincent Reyes on RMLOs29:16 Why Owner-Finance Sellers Use an RMLO31:08 "$30K on a Flip Beats $12K a Year in Rent"31:48 Myka's Rebuttal: Taxes and Cost Segs33:25 Flip, Wholesale and Hold: Use All Three35:38 Coaching Programs vs Doing Deals37:07 AT&T Outages: Backup Wi-Fi for Rentals39:48 Construction Crews Are Heavy Gamers40:45 Charging Guests for Trash Through Airbnb42:27 Midterm Security Deposits: $1,500 vs $2,00045:06 Pet Fees and Utility Caps46:39 Watch Out for Third-Party Housing Companies47:27 The Middleman Deal: Arbitrage It or Walk51:14 The Frictionless MTR System52:30 4-Bed, 2-Bath: $20K in Two Months53:39 Buy a 3-2 With an Office, Make It a 4-257:10 People Come Here Hungry1:00:11 The Investor Who Never Heard of Cost Segs1:02:33 Myka's Parents and the Value of Hard Work1:04:42 "Hard to Wake Up at 4AM on Silk Sheets"1:08:26 Uber Exec: No One Will Need a Car1:12:01 Single? PadSplit, No Car, Uber Everywhere1:15:03 Houses Without Garages or Driveways1:16:25 The Case for PadSplit in Nice Neighborhoods1:18:22 "Sweet Are the Uses of Adversity"1:20:15 Founders Podcast: Happiest in the Fire1:23:41 Where to Find UsBecome a Live Let Thrive Insider: For $3 a month, get every new episode 5 days before everyone else. Raw, uncut, and early. Join here: https://www.buzzsprout.com/2641586/subscribe Julie George's Million Dollar HostSTR mastermind: 140+ operators, 3 live calls a week. Code MYKA = 10% off your first payment. Springboard to WealthReal estate mentorship with Thach Nguyen & Stephanie Owens: education, accountability, live events.Julie George's Million Dollar HostSTR mastermind: 140+ operators, 3 live calls a week. Code MYKA = 10% off your first payment.Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the showWork with us. Interested in professional management or consulting?Myka — Sharebnb: www.sharebnb.comSteve — Argest Rentals: www.ArgestRentals.comSign up for PadSplit with Steve's link and get a free 1-on-1 PadSplit strategy call with Stevie Stacks: padsplit.com/hostsMyka's other podcast, Entrepremarriage — building wealth without losing the marriage: youtube.com/@EntrepremarriageAll our links: linktr.ee/liveletthrive#airbnb #airbnbhost #shorttermrentals #midtermrentals #padsplit #rentbytheroom #coliving #corporatehousing #BRRRR #realestate #realestateinvesting #VRBO #shareeconomy #airbnbsuperhost #airbnbpodcast #sharebnb #liveletthrive #liveletthrivepodcast #biggerpockets #directbookings #bookdirect #dfwrealestate

Send us Fan MailMyka had Claude build a dashboard in about five minutes: every 2016-and-newer 3-bed, 2-bath-and-up house for sale in his Arkansas and Texas markets, run against HUD rents at a 7.625% rate. On the Arkansas side the screen is mostly green — a 2018-built four-bedroom in Jacksonville, right by the Air Force base, listed at $175,000 after 111 days on market, cash flows $526 a month over the payment at sticker price, and still works at 5% down. Then he flips it to Texas and the whole screen goes red. In Grand Prairie: 28 listings, and zero that cover their own mortgage, taxes and insurance — with HOAs already filtered out. Raw, uncut and solo this week.Episode 354! Myka is on his own for a late-night one about a market that is shrinking, not crashing — he walks back last week's word and says prices are correcting to COVID levels. Wholesalers are sending deals with a contractor already attached. Texas property taxes on top of the Fed's hike are killing the numbers, which is why he 1031'd out of Texas into Arkansas. Why you have to be a sniper now instead of throwing buckshot, why a midterm-only buyer still needs to be where short-term is allowed, and what happens if midterms slow down: insurance clients, and the house they want — 3/2 or 4/2, fenced yard, garage. Then home ownership turning into a luxury and the $200K-a-year debate, why new builds with no garage are off his list, lowballing $175K down to $150K and sending 20 to 40 offers a day, the neighbor with a 3% rate who can undercut you, Arkansas's ADU-by-right law and 10,000 square foot lots, the property that did $70,000 its first year, sub-to deals, and the 2-1 buydowns catching first-time buyers.MENTIONED IN THIS EPISODEBooks• Profit First — Mike Michalowicz (how Myka sets aside vacancy and capex)People• David Greene and Brandon Turner, former hosts of the BiggerPockets podcast — the 2-1 buydown warning• Shout-outs: Steve "Stevie Stacks" and MahoganyTools & programs: Claude (the deal dashboard), HUD rent data, Redfin, Navy Federal's second-home loan (Myka's tip: 5% down, no PMI — confirm current terms with them)CHAPTERS0:00 Cold Open0:38 Deals Are Shrinking, Long-Term Cash Flow Is Dying1:18 Wholesalers Sending Deals With a Contractor Attached1:44 Texas Property Taxes Are Killing the Deals2:18 A New Build Sitting 311 Days in Arkansas3:12 Buy Where Short-Term Is Allowed, Even for Midterms3:49 Be a Sniper With Your Deals, Not Buckshot4:38 Texas: Rough for Investors, Different If You Live Here4:59 Why Myka 1031'd Out of Texas Into Arkansas5:18 Not Crashing — Correcting to COVID Levels6:26 $20K Off Isn't a Discount — Check the Cash Flow6:55 If Midterms Take a Hit: Insurance Clients7:31 The House They Want: 4/2, Fenced Yard, Garage7:53 "Home Ownership Is Turning Into a Luxury"8:16 $200K a Year to Live Comfortably in Texas?9:51 If Your Realtor Won't Lowball, Get a New One10:24 The Claude Dashboard: Arkansas vs Texas10:57 Arkansas: Built 2018, 111 Days on Market11:44 Cash Flow All-In vs PITI Only12:15 Using HUD Rents as the Floor13:17 New Builds With No Garage Are Off the List14:03 Jacksonville, Arkansas: Right by the Air Force Base14:56 Tip: 5% Down on a Second Home, No PMI15:29 Send 20, 30, 40 Offers a Day16:18 Build This Dashboard in Claude in 5 Minutes16:56 Lowballing $175K Down to $150K17:28 Why So Many Yards Have No Fence17:44 Duplexes: The Cash Flow Is Thinning Too19:05 Flip to Texas: Everything Goes Red19:51 Grand Prairie: No HOA, Short-Term Allowed20:28 A $4,426 Payment vs $5,500 Midterm Rents20:44 The Neighbor With a 3% Rate Can Undercut You21:46 Arkansas ADU by Right on 10,000 Sq Ft Lots22:16 $70,000 in Year One22:51 Will Texas Ever Go Big on ADUs?23:36 What Still Works in Texas: Sub-To24:08 2-1 Buydowns Are Catching First-Time Buyers25:01 Fan Mail and Where to Find UsBecome a Live Let Thrive Insider: For $3 a month, get every new episode 5 days before everyone else. Raw, uncut, and early. Join here: https://www.buzzsprout.com/2641586/subscribe Julie George's Million Dollar HostSTR mastermind: 140+ operators, 3 live calls a week. Code MYKA = 10% off your first payment. Springboard to WealthReal estate mentorship with Thach Nguyen & Stephanie Owens: education, accountability, live events.Springboard to WealthReal estate mentorship with Thach Nguyen & Stephanie Owens: education, accountability, live events.Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the showWork with us. Interested in professional management or consulting?Myka — Sharebnb: www.sharebnb.comSteve — Argest Rentals: www.ArgestRentals.comSign up for PadSplit with Steve's link and get a free 1-on-1 PadSplit strategy call with Stevie Stacks: padsplit.com/hostsMyka's other podcast, Entrepremarriage — building wealth without losing the marriage: youtube.com/@EntrepremarriageAll our links: linktr.ee/liveletthrive#airbnb #airbnbhost #shorttermrentals #midtermrentals #padsplit #rentbytheroom #coliving #corporatehousing #BRRRR #realestate #realestateinvesting #VRBO #shareeconomy #airbnbsuperhost #airbnbpodcast #sharebnb #liveletthrive #liveletthrivepodcast #biggerpockets #directbookings #bookdirect #dfwrealestate

Send us Fan MailMyka pays $220 a month for AI — $200 for Claude, $20 for ChatGPT — and says it can bring in about $10,000 a month. The proof is specific: he photographed a page of Vivian Yip's The Frictionless MTR System, told Claude to apply her step-up minimum-stay method, and it pulled the PriceLabs data and set it up without him — one-night stays for the next three days, then three nights, then seven, then 14, climbing to 30. A two-night booking landed the same day a midterm guest checked out. On his mom's property, the same pricing turned one cancellation into $13,000 in about three days. Then Steve asks whether his daughter should be using AI, and the guy who builds with it every day says no: no generative AI until 18, and his own son isn't allowed on ChatGPT.Episode 353! Steve is reading Sam Walton's autobiography and it explains his whole model: he'd rather be the Walmart of rentals than the Neiman Marcus — a 3/2 furnished for $5K to $7K, priced under the competition, run at volume for workers and families. From there: why guests keep stripping the mattress covers (buy the zippered ones), owner-finance sellers asking 9 to 10% with 20% down after the Fed hike, the BetterLife Podcast debate over whether wholesaling should be regulated, the Texas rule that sent Steve's owner-finance purchase through a third-party approval, wholesalers who rip off grandma and why Myka got licensed anyway, the PadSplit host who became a top agent by accident, and why neither of them will manage an MTR-only house in an HOA. Then lowball offers and realtors with "commission breath," whether small 3/2s work as midterms in DFW, "Claude is AI with dementia," the $40-a-month starter stack, NIL and why Dabo Swinney is the cautionary tale, getting your rent reduced at renewal — and Myka's call that the Texas real estate market is crashing, with an offer on his own listing coming in $150K under ask. Plus Airbnb's winter release: 3D floor plans, dynamic pricing and smart setup.MENTIONED IN THIS EPISODEBooks• Sam Walton: Made in America — Sam Walton's autobiography (what Steve is reading)• The Frictionless MTR System — Vivian Yip (what Myka is reading; the step-up minimum-stay method)• Profit First — Mike Michalowicz (the profit-first numbers Myka has AI rebalance each month)Podcasts & shows• The BetterLife Podcast — the "should wholesaling be regulated?" debate• BiggerPockets — the forums where Myka and Steve started out• Cam Newton — on NIL and the transfer portal• Mark Simpson — the Airbnb winter release rundownAlso mentioned: I, Robot (the Will Smith movie)Tools: Claude, ChatGPT, PriceLabs, Stripe, Plaid, Monday.com, Slack, ClickUpCHAPTERS0:00 Cold Open1:21 What Sam Walton and Jerry Jones Have in Common2:58 Sam Walton's Playbook: Small Margins, Big Volume4:13 "I'd Rather Be the Walmart Than Neiman Marcus"5:13 DFW Long-Term Rental Numbers Don't Work6:03 Furnishing a 3/2 for $5K to $7K6:36 Know Your Guest: Housing Miners and Workers8:46 Guests Keep Taking Off the Mattress Covers10:56 Did the Fed Hike Change Seller-Finance Rates?12:12 Should Wholesaling Be Regulated?13:06 The Texas Rule on Repeat Owner-Finance Sellers17:01 Wholesalers Who Rip Off Grandma19:27 Why Myka Got His License20:14 The PadSplit Host Who Became a Top Agent21:19 The Bad STR Advice Realtors Give22:49 Why Steve Won't Manage MTR-Only Homes24:06 Myka's Management Rules: No HOA, STR Allowed25:38 Lowball Offers and "Commission Breath"26:45 Getting to the Owner When a Listing Expires29:12 The Furnished Airbnb for Sale by the Stadium30:00 Do Small 3/2s Work as Midterm Rentals?34:01 New Builds on Arlington's Rough Blocks35:15 $220 a Month on AI, $10K a Month Back36:06 Vivian Yip's Step-Up Minimum-Stay Method37:22 Claude Pulled the PriceLabs Data Itself37:45 ChatGPT Thinks, Claude Does40:37 "Claude Is AI With Dementia"41:12 Monday.com, Slack and the Switch to ClickUp43:40 Where a Beginner Should Start With AI47:23 Generative vs Agentic AI49:28 Guardrails: How Much Access to Give AI50:02 $13,000 in 3 Days From Cancellations51:11 Should Kids Be Using AI?52:21 "They Should Be 18 Before Generative AI"56:26 NIL, Dabo Swinney and Adapting or Losing59:58 Negotiate Everything Right Now1:03:30 "The Texas Real Estate Market Is Crashing"1:05:26 Airbnb's Winter Update: 3D Floor Plans, Dynamic Pricing1:08:53 Where to Find UsBecome a Live Let Thrive Insider: For $3 a month, get every new episode 5 days before everyone else. Raw, uncut, and early. Join here: https://www.buzzsprout.com/2641586/subscribe Julie George's Million Dollar HostSTR mastermind: 140+ operators, 3 live calls a week. Code MYKA = 10% off your first payment. Springboard to WealthReal estate mentorship with Thach Nguyen & Stephanie Owens: education, accountability, live events.Julie George's Million Dollar HostSTR mastermind: 140+ operators, 3 live calls a week. Code MYKA = 10% off your first payment.Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the showWork with us. Interested in professional management or consulting?Myka — Sharebnb: www.sharebnb.comSteve — Argest Rentals: www.ArgestRentals.comSign up for PadSplit with Steve's link and get a free 1-on-1 PadSplit strategy call with Stevie Stacks: padsplit.com/hostsMyka's other podcast, Entrepremarriage — building wealth without losing the marriage: youtube.com/@EntrepremarriageAll our links: linktr.ee/liveletthrive#airbnb #airbnbhost #shorttermrentals #midtermrentals #padsplit #rentbytheroom #coliving #corporatehousing #BRRRR #realestate #realestateinvesting #VRBO #shareeconomy #airbnbsuperhost #airbnbpodcast #sharebnb #liveletthrive #liveletthrivepodcast #biggerpockets #directbookings #bookdirect #dfwrealestate

Send us Fan MailMyka's advice to anyone starting today: buy a two-bed one-bath quad, live in one unit for a year, then go buy the next one. Four units still falls under single-family financing. Do that five years straight and you're sitting on 20 doors before year six — and interest rates stop mattering to you.Episode 352! A Friday night one. The Feds hiked rates, houses are sitting, and Myka and Steve get into what you actually do about it: seller credits that hand you $30K back at closing, getting a seller to carry 60 grand at 0% behind a DSCR loan, and how Steve structures balloon payments so he can extend if rates never come down. Then Steve tells the Ashley Hamilton story — buying $500 houses in Detroit off tax returns when everyone said don't invest in Detroit. Plus: why insurance and ALE tenants are the closest thing to a recession-proof guest, midterm reservations getting cancelled in Hawaii and Arkansas, why a single-family rental is a single point of failure, Myka's new-build construction loan and the containerized duplex, the "firewall agents" blocking every seller-finance offer, and a real AI workflow — letting ChatGPT supervise Claude, and Claude building a contracts app in the background while they record.CHAPTERS0:00 Cold Open0:30 Friday Night Episode, Cheers3:10 The Fake Brand That Fooled Google6:49 The Feds Hiked Rates — Now What?8:03 Seller Credits: $30K Back at Closing9:50 DSCR Loan + Seller Carrying 60 Grand11:02 Zeona's 0% Second-Lien Trick11:52 Is It a Good Time to Buy in Texas?13:41 Lumber Prices Are Going Crazy14:39 Construction Loan, Then Refi Into One17:15 Containerizing the Duplex Build17:48 "We're Just Gonna Get an Apartment"19:08 Ashley Hamilton & the $500 Detroit Houses22:43 Buy a Quad, Live In One, Repeat24:48 How Long Until the Balloon Payment?28:16 Extending the Balloon if Rates Stay High30:07 Insurance Tenants & Breaking a Lease30:45 Midterm Cancellations in Hawaii31:03 What's a Recession-Proof Guest?32:59 Insurance Costs Inside the Deal36:47 Putting PadSplits Inside Multifamily39:22 Single Family = Single Point of Failure41:37 Put Your Business Docs Into Claude43:00 Let ChatGPT Supervise Claude45:03 New Agents With AI vs 30-Year Agents46:19 Claude Is Building My Contract App50:19 The Contractor Discount and the Points50:55 "Firewall Agents" and Seller Finance52:22 Keep Everything in Writing56:20 The California Money Guy Behind the Flip57:53 Who Actually Gets the Tax Advantages58:36 Why Lupita Should Get Licensed1:00:15 The Agent as Creative-Deal Middleman1:05:57 Netting My Old Salary From Rentals1:06:56 "Why Do You Still Live There?"1:10:17 Taking the Whole Family on the Trip1:15:34 Experiences Over Stuff1:16:27 One Airbnb to Owner Finance & New BuildsBecome a Live Let Thrive Insider: For $3 a month, get every new episode 5 days before everyone else. Raw, uncut, and early. Join here: https://www.buzzsprout.com/2641586/subscribe Julie George's Million Dollar HostSTR mastermind: 140+ operators, 3 live calls a week. Code MYKA = 10% off your first payment. Springboard to WealthReal estate mentorship with Thach Nguyen & Stephanie Owens: education, accountability, live events.Springboard to WealthReal estate mentorship with Thach Nguyen & Stephanie Owens: education, accountability, live events.Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the showWork with us. Interested in professional management or consulting?Myka — Sharebnb: www.sharebnb.comSteve — Argest Rentals: www.ArgestRentals.comSign up for PadSplit with Steve's link and get a free 1-on-1 PadSplit strategy call with Stevie Stacks: padsplit.com/hostsMyka's other podcast, Entrepremarriage — building wealth without losing the marriage: youtube.com/@EntrepremarriageAll our links: linktr.ee/liveletthrive#airbnb #airbnbhost #shorttermrentals #midtermrentals #padsplit #rentbytheroom #coliving #corporatehousing #BRRRR #realestate #realestateinvesting #VRBO #shareeconomy #airbnbsuperhost #airbnbpodcast #sharebnb #liveletthrive #liveletthrivepodcast #biggerpockets #directbookings #bookdirect #dfwrealestate

Send us Fan MailPadSplit 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.Become a Live Let Thrive Insider: For $3 a month, get every new episode 5 days before everyone else. Raw, uncut, and early. Join here: https://www.buzzsprout.com/2641586/subscribe Julie George's Million Dollar HostSTR mastermind: 140+ operators, 3 live calls a week. Code MYKA = 10% off your first payment. Springboard to WealthReal estate mentorship with Thach Nguyen & Stephanie Owens: education, accountability, live events.Julie George's Million Dollar HostSTR mastermind: 140+ operators, 3 live calls a week. Code MYKA = 10% off your first payment.Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the showWork with us. Interested in professional management or consulting?Myka — Sharebnb: www.sharebnb.comSteve — Argest Rentals: www.ArgestRentals.comSign up for PadSplit with Steve's link and get a free 1-on-1 PadSplit strategy call with Stevie Stacks: padsplit.com/hostsMyka's other podcast, Entrepremarriage — building wealth without losing the marriage: youtube.com/@EntrepremarriageAll our links: linktr.ee/liveletthrive#airbnb #airbnbhost #shorttermrentals #midtermrentals #padsplit #rentbytheroom #coliving #corporatehousing #BRRRR #realestate #realestateinvesting #VRBO #shareeconomy #airbnbsuperhost #airbnbpodcast #sharebnb #liveletthrive #liveletthrivepodcast #biggerpockets #directbookings #bookdirect #dfwrealestate

Send us Fan MailAirbnb held Steve's $2,600 payment on a 48-day booking, then cancelled the reservation after the seven-day hold window ended. When he arrived at the house, the guests had vanished—no cars, AC turned off, and 96 degrees inside. He suspects they were birth tourists who had a baby in the U.S. and left the country without paying the second month. The hosts discuss standing firm on leases with difficult midterm guests, the risks of properties that can't do short-term rentals, new AI features from Hospitable including dynamic pricing, and why cast a wide net instead of limiting yourself to midterm-only markets. They also cover arbitrage lease options, the importance of Ring doorbells, and how being polarizing beats being perfect in the short-term rental game.Become a Live Let Thrive Insider: For $3 a month, get every new episode 5 days before everyone else. Raw, uncut, and early. Join here: https://www.buzzsprout.com/2641586/subscribe Julie George's Million Dollar HostSTR mastermind: 140+ operators, 3 live calls a week. Code MYKA = 10% off your first payment. Springboard to WealthReal estate mentorship with Thach Nguyen & Stephanie Owens: education, accountability, live events.Springboard to WealthReal estate mentorship with Thach Nguyen & Stephanie Owens: education, accountability, live events.Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the showWork with us. Interested in professional management or consulting?Myka — Sharebnb: www.sharebnb.comSteve — Argest Rentals: www.ArgestRentals.comSign up for PadSplit with Steve's link and get a free 1-on-1 PadSplit strategy call with Stevie Stacks: padsplit.com/hostsMyka's other podcast, Entrepremarriage — building wealth without losing the marriage: youtube.com/@EntrepremarriageAll our links: linktr.ee/liveletthrive#airbnb #airbnbhost #shorttermrentals #midtermrentals #padsplit #rentbytheroom #coliving #corporatehousing #BRRRR #realestate #realestateinvesting #VRBO #shareeconomy #airbnbsuperhost #airbnbpodcast #sharebnb #liveletthrive #liveletthrivepodcast #biggerpockets #directbookings #bookdirect #dfwrealestate

Send us Fan MailMyka and Steve announce they're done with 1-2 bedroom arbitrage in DFW after years of profitable operations. With the market shifting - houses sitting for months, price cuts everywhere, and midterm bookings drying up for small units - they're pivoting hard to purchasing 3-4 bedroom houses and pad splits in C/D neighborhoods. The conversation covers what's working now (workforce crews want 4+ bedrooms, corporate housing providers reaching out directly), what's dying (travel nurses vanished post-COVID, intern bookings slowed), and why they'd rather own five paid-off houses than juggle dozens of arbitrage leases as ACs break in 111-degree heat and property tax bills double overnight. The episode digs into Steve's new real estate license and how he plans to use creative finance to grab distressed flips before foreclosure, Myka's strategy of living off W-2 income while rental cash flow compounds, the coming 2026 market crash they're positioning for, and why both hosts would rather have equity and tax benefits than another one-bedroom lease in Arlington. They also preview their Friday meetup at Chicken and Pickle in Grand Prairie and explain how to find midterm tenants now that Furnished Finder inquiries have slowed.Become a Live Let Thrive Insider: For $3 a month, get every new episode 5 days before everyone else. Raw, uncut, and early. Join here: https://www.buzzsprout.com/2641586/subscribe Julie George's Million Dollar HostSTR mastermind: 140+ operators, 3 live calls a week. Code MYKA = 10% off your first payment. Springboard to WealthReal estate mentorship with Thach Nguyen & Stephanie Owens: education, accountability, live events.Julie George's Million Dollar HostSTR mastermind: 140+ operators, 3 live calls a week. Code MYKA = 10% off your first payment.Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the showWork with us. Interested in professional management or consulting?Myka — Sharebnb: www.sharebnb.comSteve — Argest Rentals: www.ArgestRentals.comSign up for PadSplit with Steve's link and get a free 1-on-1 PadSplit strategy call with Stevie Stacks: padsplit.com/hostsMyka's other podcast, Entrepremarriage — building wealth without losing the marriage: youtube.com/@EntrepremarriageAll our links: linktr.ee/liveletthrive#airbnb #airbnbhost #shorttermrentals #midtermrentals #padsplit #rentbytheroom #coliving #corporatehousing #BRRRR #realestate #realestateinvesting #VRBO #shareeconomy #airbnbsuperhost #airbnbpodcast #sharebnb #liveletthrive #liveletthrivepodcast #biggerpockets #directbookings #bookdirect #dfwrealestate

Send us Fan MailMyka walks through the custom Claude AI dashboard that manages his entire rental operation - from pulling live Price Labs data and calculating optimal Airbnb/Vrbo discounts based on local market conditions, to connecting with QuickBooks for P&L tracking and automating guest invoicing. He prices Vrbo listings 30-50% higher than Airbnb and adjusts monthly discounts seasonally, dropping them to 10% in high season when he can command $3,600/month, then raising them as school starts in August and demand softens. The episode covers practical AI implementation for short-term and mid-term rental operators: connecting Claude to PMS systems like Hostfully through APIs, automating guest messaging via StayFi integration, managing direct bookings through email and phone, and using a Mac mini to run automation scripts 24/7. Myka emphasizes that AI only works as well as the operator understands their own business, requires manual oversight to catch mistakes, and needs periodic retraining as agents learn shortcuts that may not serve your goals.Become a Live Let Thrive Insider: For $3 a month, get every new episode 5 days before everyone else. Raw, uncut, and early. Join here: https://www.buzzsprout.com/2641586/subscribe Springboard to WealthReal estate mentorship with Thach Nguyen & Stephanie Owens: education, accountability, live events.Springboard to WealthReal estate mentorship with Thach Nguyen & Stephanie Owens: education, accountability, live events.Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the showWork with us. Interested in professional management or consulting?Myka — Sharebnb: www.sharebnb.comSteve — Argest Rentals: www.ArgestRentals.comSign up for PadSplit with Steve's link and get a free 1-on-1 PadSplit strategy call with Stevie Stacks: padsplit.com/hostsMyka's other podcast, Entrepremarriage — building wealth without losing the marriage: youtube.com/@EntrepremarriageAll our links: linktr.ee/liveletthrive#airbnb #airbnbhost #shorttermrentals #midtermrentals #padsplit #rentbytheroom #coliving #corporatehousing #BRRRR #realestate #realestateinvesting #VRBO #shareeconomy #airbnbsuperhost #airbnbpodcast #sharebnb #liveletthrive #liveletthrivepodcast #biggerpockets #directbookings #bookdirect #dfwrealestate