Real Estate Adventures: Rentals & Salon Suites Mastery

In the realm of real estate, every venture is a learning opportunity, and no one understands this better than Myka Artis and Steven Suarez, hosts of the insightful podcast "Live Let Thrive." Their latest episode delves into the world of real estate adventures and challenges, offering a candid and valuable perspective on navigating the complexities of property ownership.

The episode kicks off with a captivating tale of Salon Suites, a venture embarked upon by Myka and Steve. However, as they recount, not every guest is a dream guest. A surprising and somewhat unexpected discovery left behind by a guest highlighted the importance of setting clear house rules and the perils of not reading them. This lesson learned the hard way, led to a 1-star review – a rookie mistake they don't want others to replicate.

Beyond the glitz and glamour, Myka and Steve delve into the nitty-gritty of real estate hurdles. Plumbing problems and troublesome pipes can put a damper on long-term rentals. Fear not, though, because they've got you covered with insightful tips on how to navigate these issues. Furthermore, the episode delves into the intricacies of finding the right Section 8 tenant and managing uncooperative contractors.

The dynamic duo doesn't stop there. They shed light on the soaring rates of house insurance and share strategies to navigate this financial challenge. Setting up salon suites becomes a breeze as they discuss the art of transferring furniture to new units or selling it altogether. Negotiating arbitrage leases takes center stage, with Myka and Steve sharing their nuanced insights.

But what about the allure of summer-time rental income? Are the potential headaches worth it? Myka and Steve dissect this question, drawing from their rich real-world experiences. As they navigate the ever-shifting landscape of real estate investing, they offer listeners a treasure trove of actionable tips for thriving in the rental property business.

Remember to subscribe to @Liveletthrive on YouTube, iTunes, iHeartRadio, SoundCloud, or wherever you listen to podcasts for the full episode! Keep living, letting, and thriving y’all!

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