Live Let Thrive Podcast

Airbnb's November 20 Rules Leave Hosts Blind — Is PadSplit the Safer Play?

• Live Let Thrive • Season 1 • Episode 356

Use Left/Right to seek, Home/End to jump to start or end. Hold shift to jump forward or backward.

0:00 | 1:03:46

Send us Fan Mail

Starting 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 EPISODE
People
• 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 Jibran
Tools & 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, Ring
Also: Vrbo's Nick Saban commercials


CHAPTERS
0:00 Cold Open
1:51 Floyd Mayweather: $100M a Fight, Still Broke
2:36 Why You Need an End Goal
3:37 Airbnb's New Rules Start November 20
4:32 Rental Agreements Banned: The 4 Exceptions
5:22 No More Asking Guests to Do Chores
6:24 Midterm Guests and Trash Day
7:36 No Required Apps or Wi-Fi Logins: A Shot at StayFi?
7:56 Myka's Workaround: Take Wi-Fi Off the Listing
9:48 Use Claude to Check Your House Rules
10:17 No Phone Numbers, IDs or Background Checks
11:53 Is Airbnb Going After Direct Bookings?
13:45 Penalty-Free Cancellations for Rule Breakers
14:18 Hotels, Vrbo and the Nick Saban Ads
16:19 "Can I Just Say I'm in an HOA?"
17:56 We're Corporate Rentals First
18:24 Is PadSplit More Sustainable Now?
19:20 The Frisco House Rented by the Room: 9 Bedrooms
22:20 Are You Serving Your Tenants or Using Them?
25:06 The $1,000-Commission Agent Who Got Sued
26:39 What Is Steering?
29:48 AI Makes Every Listing Look Good Now
30:28 $8,100 a Month on a $4,000 Payment
30:45 Steve's 3 PadSplits: Which House Has the Drama?
32:39 Managing 27 Personalities
33:33 The Complainer in the All-Guys House
35:41 Do You Really Need House Meetings?
36:48 PadSplit Reviews Follow Bad Roommates
37:47 Bad Guests: Airbnb vs PadSplit
39:06 How Steve Screens PadSplit Members
40:19 Use the DISC Test to Pick Roommates
42:21 Truvi, Superhog and Going in Blind
42:59 The November 20 Airbnb Boycott
44:45 The State Fair of Texas
46:45 The Fair Park Parking Hustle
49:08 Airbnb It Part-Time, Park Cars at Fair Time
51:19 $25 Turkey Legs and the Donkey Fable
53:55 The Texas Senate Race Mailers
57:59 Security Cameras: Vivint vs Ring
59:50 Ring's AI Camera Alerts
1:01:39 Where to Find Us

Support the show

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

#airbnb #airbnbhost #shorttermrentals #midtermrentals #padsplit #rentbytheroom #coliving #corporatehousing #BRRRR #realestate #realestateinvesting #VRBO #shareeconomy #airbnbsuperhost #airbnbpodcast #sharebnb #liveletthrive #liveletthrivepodcast #biggerpockets #directbookings #bookdirect #dfwrealestate

People on this episode

Podcasts we love

Check out these other fine podcasts recommended by us, not an algorithm.

Real Estate Rookie Artwork

Real Estate Rookie

BiggerPockets
Entrepremarriage Artwork

Entrepremarriage

Myka & Mahogany
The Co-Living Show Artwork

The Co-Living Show

Craig Curelop and Miller McSwain
LEAN Podcast Artwork

LEAN Podcast

Mahogany
Shampoo and Booze Artwork

Shampoo and Booze

Shampoo & Booze | A Podcast About Making A Living on Airbnb